RHNO (Rhino Bitcoin) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


RHNO Rhino Bitcoin Inc RHNO
66 GF Score
Price $10.00
GF Value $15.94
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Rhino Bitcoin Beneish M-Score?

Rhino Bitcoin RHNO 66 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates RHNO with a GF Score™ of 66/100 and a GF Value™ of $15.94 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 702 Capital Markets companies, Rhino Bitcoin ranks worse than 142450% 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.

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

During the past 6 years, the highest Beneish M-Score of Rhino Bitcoin was 0.00. The lowest was 0.00. And the median was 0.00.

Rhino Bitcoin Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Rhino Bitcoin'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.

Rhino Bitcoin Beneish M-Score Chart

Rhino Bitcoin Annual Data
Trend Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Rhino Bitcoin Quarterly Data
Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

RHNO vs BTBT, BTGO, LCLN: Beneish M-Score Comparison

For the Capital Markets subindustry, Rhino Bitcoin'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.

Rhino Bitcoin Beneish M-Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Rhino Bitcoin's Beneish M-Score distribution charts can be found below:

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


RHNO
66GF Score
Rhino Bitcoin Inc RHNO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rhino Bitcoin 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 Rhino Bitcoin 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Jul25) TTM:Last Year (Jul24) TTM:
Total Receivables was $0.51 Mil.
Revenue was 0.158 + 0.228 + 0.062 + 0.031 = $0.48 Mil.
Gross Profit was 0.035 + 0.029 + 0.018 + -0.016 = $0.07 Mil.
Total Current Assets was $1.53 Mil.
Total Assets was $1.55 Mil.
Property, Plant and Equipment(Net PPE) was $0.02 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.03 Mil.
Selling, General, & Admin. Expense(SGA) was $0.57 Mil.
Total Current Liabilities was $0.39 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.112 + -0.115 + -0.135 + -0.096 = $-0.46 Mil.
Non Operating Income was 0.015 + 0.023 + -0.015 + 0.036 = $0.06 Mil.
Cash Flow from Operations was -0.131 + -0.112 + -0.064 + -0.081 = $-0.39 Mil.
 Total Receivables was $0.39 Mil.
Revenue was 0.159 + 0.141 + 0.488 + 0.444 = $1.23 Mil.
Gross Profit was 0.024 + -0.128 + -0.014 + 0.066 = $-0.05 Mil.
Total Current Assets was $0.84 Mil.
Total Assets was $0.92 Mil.
Property, Plant and Equipment(Net PPE) was $0.08 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.03 Mil.
Selling, General, & Admin. Expense(SGA) was $0.38 Mil.
Total Current Liabilities was $0.21 Mil.
Long-Term Debt & Capital Lease Obligation was $0.03 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)
=(0.511 / 0.479) / (0.391 / 1.232)
=1.066806 / 0.31737
=

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)
=(-0.052 / 1.232) / (0.066 / 0.479)
=-0.042208 / 0.137787
=

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 - (1.533 + 0.019) / 1.552) / (1 - (0.842 + 0.08) / 0.922)
=0 / 0
=

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
=0.479 / 1.232
=

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))
=(0.03 / (0.03 + 0.08)) / (0.03 / (0.03 + 0.019))
=0.272727 / 0.612245
=

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)
=(0.573 / 0.479) / (0.38 / 1.232)
=1.196242 / 0.308442
=

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 + 0.393) / 1.552) / ((0.032 + 0.213) / 0.922)
=0.253222 / 0.265727
=

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
=(-0.458 - 0.059 - -0.388) / 1.552
=-0.083119

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Rhino Bitcoin (RHNO) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Rhino Bitcoin and its competitors. According to the industry distribution chart, Rhino Bitcoin ranks #999999 out of 702 companies in the Capital Markets industry.
Is Rhino Bitcoin's Beneish M-Score too high?
Rhino Bitcoin's current Beneish M-Score is 0.00. Based on the distribution chart, Rhino Bitcoin ranks #999999 out of 702 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Rhino Bitcoin has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Rhino Bitcoin's Beneish M-Score compare to BTBT and BTGO?
According to the Capital Markets industry distribution chart, Rhino Bitcoin ranks #999999 out of 702 companies for Beneish M-Score. This places Rhino Bitcoin 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 Capital Markets company?
A good Beneish M-Score depends on the Capital Markets 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 Rhino Bitcoin and its competitors. Rhino Bitcoin's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rhino Bitcoin stock overvalued right now?
Based on GuruFocus' analysis, Rhino Bitcoin (RHNO) is currently considered Possible Value Trap. The stock's GF Value™ is $15.94, compared to a current price of $10.00 — trading 37.3% below its estimated fair value. The current Beneish M-Score is 0.00. Rhino Bitcoin's overall GF Score™ is 66/100 with 5 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 Rhino Bitcoin (RHNO), the current Beneish M-Score is 0.00 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.

Is Rhino Bitcoin (RHNO) Overvalued in 2026?

Based on GuruFocus' analysis, Rhino Bitcoin stock appears to be undervalued. The current stock price of $10.00 is trading 37.3% below its estimated GF Value™ of $15.94. GuruFocus considers Rhino Bitcoin to be Possible Value Trap.

Key valuation signals for RHNO:

  • Beneish M-Score: 0.00
  • GF Value™: $15.94 vs. price of $10.00 (37.3% below fair value)
  • GF Score™: 66/100 with 5 warning signs

No single metric tells the full story. See the RHNO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Rhino Bitcoin Business Description

Address 1200 Brickell Avenue, Suite 310, Miami, FL, USA, 33131
Rhino Bitcoin Inc is a Nevada corporation and Bitcoin financial services company focused on making everyday banking and financial management accessible. It integrates traditional banking functions within a secure, user-friendly platform centered on Bitcoin and maintains an active Bitcoin treasury strategy. The Company offers account funding and withdrawal in USD and Bitcoin, Bitcoin trading, custody services, remittances, discounted gift card purchasing, retirement accounts, Bitcoin collateralized loans, bill payments, and direct deposit. Its primary revenue comes from trading activities earning a spread on client exchanges between Bitcoin and U.S. dollars, and it operates in the United States, Malaysia, and Hong Kong.
66GF Score

Get the complete analysis for RHNO

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

$10.00
Price
$15.94
GF Value