PTEFF (Pioneering Technology) Beneish M-Score: -3.47 (As of Jun. 26, 2026)

What is Pioneering Technology Beneish M-Score?

Pioneering Technology PTEFF Beneish M-Score is -3.47 as of Jun. 26, 2026. The stock has 3 warning signs investors should review. Among 1,020 Business Services companies, Pioneering Technology ranks better than 90.49% on this metric.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Good Sign:

Beneish M-Score -3.47 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Pioneering Technology's Beneish M-Score or its related term are showing as below:

PTEFF' s Beneish M-Score Range Over the Past 10 Years
Min: -5.11 Med: -2.96 Max: 9.64
Current: -3.47

During the past 13 years, the highest Beneish M-Score of Pioneering Technology was 9.64. The lowest was -5.11. And the median was -2.96.

Pioneering Technology Beneish M-Score Related Terms

Pioneering Technology Beneish M-Score Historical Data

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The historical data trend for Pioneering Technology's Beneish M-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pioneering Technology Beneish M-Score Chart

Pioneering Technology Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

Beneish M-Score

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-3.66

-2.53

-1.68

-4.04

-2.49

Pioneering Technology Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															-3.27	-3.94	-2.49	-3.26	-3.47

PTEFF vs ALLE, MSA, ADT: Beneish M-Score Comparison

For the Security & Protection Services subindustry, Pioneering Technology's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pioneering Technology Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Pioneering Technology's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Pioneering Technology's Beneish M-Score falls into.

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Pioneering Technology Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Pioneering Technology for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.6008

0.528 * 1.0299

0.404 * 1.0301

0.892 * 0.9446

0.115 * 0.6853

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9565

4.679 * -0.292363

0.327 * 1.2133

-3.42

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was $0.31 Mil.
Revenue was 0.412 + 0.334 + 0.463 + 0.615 = $1.82 Mil.
Gross Profit was 0.195 + 0.161 + 0.211 + 0.297 = $0.86 Mil.
Total Current Assets was $1.17 Mil.
Total Assets was $1.68 Mil.
Property, Plant and Equipment(Net PPE) was $0.19 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.11 Mil.
Selling, General, & Admin. Expense(SGA) was $1.14 Mil.
Total Current Liabilities was $0.74 Mil.
Long-Term Debt & Capital Lease Obligation was $0.23 Mil.
Net Income was -0.077 + -0.121 + -0.188 + -0.064 = $-0.45 Mil.
Non Operating Income was 0.036 + 0.019 + 0.016 + -0.015 = $0.06 Mil.
Cash Flow from Operations was 0.011 + -0.057 + -0.159 + 0.189 = $-0.02 Mil.

Total Receivables was $0.21 Mil.
Revenue was 0.284 + 0.5 + 0.498 + 0.649 = $1.93 Mil.
Gross Profit was 0.166 + 0.261 + 0.233 + 0.282 = $0.94 Mil.
Total Current Assets was $1.59 Mil.
Total Assets was $2.35 Mil.
Property, Plant and Equipment(Net PPE) was $0.32 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.11 Mil.
Selling, General, & Admin. Expense(SGA) was $1.26 Mil.
Total Current Liabilities was $0.71 Mil.
Long-Term Debt & Capital Lease Obligation was $0.40 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI	=	(Receivables_t / Revenue_t)	/	(Receivables_t-1 / Revenue_t-1)
	=	(0.313 / 1.824)	/	(0.207 / 1.931)
	=	0.171601	/	0.107198
	=	1.6008

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI	=	GrossMargin_t-1	/	GrossMargin_t
	=	(GrossProfit_t-1 / Revenue_t-1)	/	(GrossProfit_t / Revenue_t)
	=	(0.942 / 1.931)	/	(0.864 / 1.824)
	=	0.48783	/	0.473684
	=	1.0299

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI	=	(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t)	/	(1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
	=	(1 - (1.168 + 0.187) / 1.676)	/	(1 - (1.59 + 0.319) / 2.345)
	=	0.191527	/	0.185928
	=	1.0301

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI	=	Sales_t	/	Sales_t-1
	=	Revenue_t	/	Revenue_t-1
	=	1.824	/	1.931
	=	0.9446

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI	=	(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))	/	(Depreciation_t / (Depreciaton_t + PPE_t))
	=	(0.111 / (0.111 + 0.319))	/	(0.113 / (0.113 + 0.187))
	=	0.25814	/	0.376667
	=	0.6853

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI	=	(SGA_t / Sales_t)	/	(SGA_t-1 /Sales_t-1)
	=	(1.142 / 1.824)	/	(1.264 / 1.931)
	=	0.626096	/	0.654583
	=	0.9565

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI	=	((LTD_t + CurrentLiabilities_t) / TotalAssets_t)	/	((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
	=	((0.225 + 0.741) / 1.676)	/	((0.4 + 0.714) / 2.345)
	=	0.576372	/	0.475053
	=	1.2133

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA	=	(IncomefromContinuingOperations_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(NetIncome_t - NonOperatingIncome_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(-0.45 - 0.056	-	-0.016)	/	1.676
	=	-0.292363

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Pioneering Technology has a M-score of -3.42 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of -3.47 mean?

Pioneering Technology (PTEFF) has a Beneish M-Score of -3.47 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Pioneering Technology and its competitors. According to the industry distribution chart, Pioneering Technology ranks #97 out of 1020 companies in the Business Services industry, placing it in the top 9.5%.

Is Pioneering Technology's Beneish M-Score too high?

Pioneering Technology's current Beneish M-Score is -3.47. Based on the distribution chart, Pioneering Technology ranks #97 out of 1020 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers.

How does Pioneering Technology's Beneish M-Score compare to ALLE and MSA?

According to the Business Services industry distribution chart, Pioneering Technology ranks #97 out of 1020 companies for Beneish M-Score. This places Pioneering Technology in the top 10% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Beneish M-Score for a Business Services company?

A good Beneish M-Score depends on the Business Services industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Beneish M-Score mean?

A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Pioneering Technology and its competitors. Pioneering Technology's current Beneish M-Score is -3.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Pioneering Technology stock overvalued right now?

Pioneering Technology (PTEFF) has a current Beneish M-Score of -3.47. The current Beneish M-Score is -3.47. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Beneish M-Score calculated?

Beneish M-Score is calculated from a company's financial statements. For Pioneering Technology (PTEFF), the current Beneish M-Score is -3.47 as of Jun. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Pioneering Technology Business Description

Industry Industrials Business Services

Comparable Companies XCNQ:AETH OSTO:ASSA B TSE:9735 ALLE OSTO:SECU B XTAE:NXSN SZSE:002236 MSA ADT BCO BRC TSE:2331 OSTO:LOOMIS GEO HKSE:02442 XKRX:489790 CXW TSE:6744 XMAD:PSG TPE:9917

Other Exchanges PTE:Canada

Address 2785 Skymark Avenue, Unit 13, Mississauga, ON, CAN, L4W 4Y3

Website https://www.pioneeringtech.com

Pioneering Technology Corp is a Canadian energy smart technology and consumer products company focused on developing thermo-based technology solutions for opportunities that exist to improve the safety and/or energy efficiency of some of the common household products and appliances. It offers products that provide effective cooking fire prevention solutions for both the residential and commercial markets. Its product portfolio includes Smart Burner, Smart Range, Smart Micro, SmartBurner Polish, Standard Ring Replacement Set, and Low Profile Ring Replacement Set. Geographically, the company operates in the United States and Canada, of which the maximum revenue is generated from the United States.