PTRN (Pattern Group) Beneish M-Score: -2.11 (As of Jul. 04, 2026)


PTRN Pattern Group Inc PTRN
19 GF Score
Price $26.45
! 4 Warning Signs
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What is Pattern Group Beneish M-Score?

Pattern Group PTRN -0.19% 19 Beneish M-Score is -2.11 as of Jul. 04, 2026. GuruFocus rates PTRN with a GF Score™ of 19/100. The stock has 4 warning signs investors should review. Among 2,631 Software companies, Pattern Group ranks worse than 72.9% 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 -2.11 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

PTRN' s Beneish M-Score Range Over the Past 10 Years
Min: -2.11   Med: -2.07   Max: -2.03
Current: -2.11

During the past 4 years, the highest Beneish M-Score of Pattern Group was -2.03. The lowest was -2.11. And the median was -2.07.

Pattern Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Pattern Group'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.

Pattern Group Beneish M-Score Chart

Pattern Group Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 -2.03

Pattern Group Quarterly Data
Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 -2.03 -2.11

PTRN vs BTDR, LIF, MNDY: Beneish M-Score Comparison

For the Software - Application subindustry, Pattern Group'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.

Pattern Group Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Pattern Group's Beneish M-Score distribution charts can be found below:

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


PTRN
19GF Score
Pattern Group Inc PTRN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Pattern Group 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 Pattern Group for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 1.1815+0.528 * 0.9904+0.404 * 1.3462+0.892 * 1.4199+0.115 * 1.0032
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.046+4.679 * -0.069466-0.327 * 0.9331
=-2.11

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $141 Mil.
Revenue was 773.727 + 723.104 + 639.655 + 598.15 = $2,735 Mil.
Gross Profit was 340.233 + 314.3 + 283.523 + 256.817 = $1,195 Mil.
Total Current Assets was $807 Mil.
Total Assets was $967 Mil.
Property, Plant and Equipment(Net PPE) was $75 Mil.
Depreciation, Depletion and Amortization(DDA) was $18 Mil.
Selling, General, & Admin. Expense(SGA) was $539 Mil.
Total Current Liabilities was $330 Mil.
Long-Term Debt & Capital Lease Obligation was $22 Mil.
Net Income was 29.213 + 28.722 + -59.059 + 23.781 = $23 Mil.
Non Operating Income was -0.282 + -0.526 + -32.967 + 0.032 = $-34 Mil.
Cash Flow from Operations was 72.581 + 8.493 + 40.468 + 2.045 = $124 Mil.
 Total Receivables was $84 Mil.
Revenue was 540.406 + 515.465 + 439.395 + 430.629 = $1,926 Mil.
Gross Profit was 235.806 + 220.498 + 190.436 + 186.678 = $833 Mil.
Total Current Assets was $562 Mil.
Total Assets was $669 Mil.
Property, Plant and Equipment(Net PPE) was $64 Mil.
Depreciation, Depletion and Amortization(DDA) was $15 Mil.
Selling, General, & Admin. Expense(SGA) was $363 Mil.
Total Current Liabilities was $240 Mil.
Long-Term Debt & Capital Lease Obligation was $21 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)
=(141.279 / 2734.636) / (84.211 / 1925.895)
=0.051663 / 0.043726
=1.1815

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)
=(833.418 / 1925.895) / (1194.873 / 2734.636)
=0.432743 / 0.43694
=0.9904

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 - (807.481 + 75.315) / 967.196) / (1 - (561.862 + 63.78) / 669.008)
=0.087263 / 0.064821
=1.3462

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
=2734.636 / 1925.895
=1.4199

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))
=(15.451 / (15.451 + 63.78)) / (18.173 / (18.173 + 75.315))
=0.195012 / 0.194389
=1.0032

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)
=(538.734 / 2734.636) / (362.727 / 1925.895)
=0.197004 / 0.188342
=1.046

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)
=((22.044 + 329.502) / 967.196) / ((21.049 + 239.536) / 669.008)
=0.363469 / 0.38951
=0.9331

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
=(22.657 - -33.743 - 123.587) / 967.196
=-0.069466

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.

Pattern Group has a M-score of -2.11 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 -2.11 mean?
Pattern Group (PTRN) has a Beneish M-Score of -2.11 as of Jul. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Pattern Group and its competitors. According to the industry distribution chart, Pattern Group ranks #1918 out of 2631 companies in the Software industry, placing it in the top 72.9%.
Is Pattern Group's Beneish M-Score too high?
Pattern Group's current Beneish M-Score is -2.11. Based on the distribution chart, Pattern Group ranks #1918 out of 2631 companies in the Software industry, which is below the industry midpoint. Overall, Pattern Group has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Pattern Group's Beneish M-Score compare to BTDR and LIF?
According to the Software industry distribution chart, Pattern Group ranks #1918 out of 2631 companies for Beneish M-Score. This places Pattern Group in the lower half of its industry. 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 Software company?
A good Beneish M-Score depends on the Software 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 Pattern Group and its competitors. Pattern Group's current Beneish M-Score is -2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pattern Group stock overvalued right now?
Pattern Group (PTRN) has a current Beneish M-Score of -2.11. The current Beneish M-Score is -2.11. Pattern Group's overall GF Score™ is 19/100 with 4 warning signs to review. 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 Pattern Group (PTRN), the current Beneish M-Score is -2.11 as of Jul. 04, 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.

Pattern Group Business Description

Address 1441 West Innovation Way, Suite 500, Lehi, UT, USA, 84043
Pattern Group Inc is an e-commerce accelerator that uses its technology platform, data science, and a team of experts to drive growth for brands. The Company acquires inventory from brand partners to sell to consumers, enabling full control over content, pricing, logistics, and customer service. Brand partners that contract with the Company operate in various industries, including health and wellness, beauty and personal care, home and lifestyle, pet, sports and outdoors, and consumer electronics. The Company mainly derives its revenue in the United States by selling products to customers via online marketplaces. The company genrates majority of revenue from the US.
19GF Score

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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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