Rowe (ROWC) Beneish M-Score: 0.00 (As of Jun. 26, 2026)

What is Rowe Beneish M-Score?

Rowe ROWC Beneish M-Score is 0.00 as of Jun. 26, 2026.

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 Rowe's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Rowe was 0.00. The lowest was 0.00. And the median was 0.00.

Rowe Beneish M-Score Related Terms

Rowe Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Rowe'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.

Rowe Beneish M-Score Chart

Rowe Annual Data

Trend

Nov96

Nov97

Nov98

Nov99

Nov00

Nov01

Nov02

Nov03

Nov04

Nov05

Beneish M-Score

Get a 7-Day Free Trial

-2.73

-3.05

-2.99

-3.02

-2.35

Rowe Quarterly Data
	Aug01	Nov01	Feb02	May02	Aug02	Nov02	Feb03	May03	Aug03	Nov03	Feb04	May04	Aug04	Nov04	Feb05	May05	Aug05	Nov05	Feb06	May06
Beneish M-Score	Get a 7-Day Free Trial															-2.25	-2.42	-2.35	-2.59	-3.44

ROWC vs ADAD, PFWI, MJPI: Beneish M-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Rowe'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.

Rowe Beneish M-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Rowe's Beneish M-Score distribution charts can be found below:

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

Save Embed

Rowe 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 Rowe 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 * 0.6531

0.528 * 0.9871

0.404 * 1.3216

0.892 * 0.98

0.115 * 0.513

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.1212

4.679 * -0.09509

0.327 * 1.0374

-3.23

This Year (May06) TTM:

Last Year (May05) TTM:

Total Receivables was $13.2 Mil.
Revenue was 67.747 + 67.049 + 74.499 + 79.466 = $288.8 Mil.
Gross Profit was 22.732 + 23.271 + 23.588 + 25.902 = $95.5 Mil.
Total Current Assets was $59.5 Mil.
Total Assets was $131.7 Mil.
Property, Plant and Equipment(Net PPE) was $44.7 Mil.
Depreciation, Depletion and Amortization(DDA) was $6.3 Mil.
Selling, General, & Admin. Expense(SGA) was $113.8 Mil.
Total Current Liabilities was $45.9 Mil.
Long-Term Debt & Capital Lease Obligation was $34.5 Mil.
Net Income was -4.945 + -3.366 + -2.739 + 0.149 = $-10.9 Mil.
Non Operating Income was 0.147 + 0.241 + -0.115 + 0.254 = $0.5 Mil.
Cash Flow from Operations was 0.159 + 1.178 + 2.137 + -2.375 = $1.1 Mil.

Total Receivables was $20.6 Mil.
Revenue was 79.915 + 65.511 + 73.071 + 76.149 = $294.6 Mil.
Gross Profit was 24.183 + 20.271 + 25.172 + 26.556 = $96.2 Mil.
Total Current Assets was $80.7 Mil.
Total Assets was $149.6 Mil.
Property, Plant and Equipment(Net PPE) was $45.2 Mil.
Depreciation, Depletion and Amortization(DDA) was $3.0 Mil.
Selling, General, & Admin. Expense(SGA) was $103.6 Mil.
Total Current Liabilities was $45.8 Mil.
Long-Term Debt & Capital Lease Obligation was $42.2 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)
	=	(13.186 / 288.761)	/	(20.602 / 294.646)
	=	0.045664	/	0.069921
	=	0.6531

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)
	=	(96.182 / 294.646)	/	(95.493 / 288.761)
	=	0.326432	/	0.330699
	=	0.9871

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 - (59.531 + 44.7) / 131.739)	/	(1 - (80.749 + 45.206) / 149.59)
	=	0.208807	/	0.157999
	=	1.3216

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
	=	288.761	/	294.646
	=	0.98

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))
	=	(3.049 / (3.049 + 45.206))	/	(6.279 / (6.279 + 44.7))
	=	0.063185	/	0.123168
	=	0.513

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)
	=	(113.817 / 288.761)	/	(103.585 / 294.646)
	=	0.394156	/	0.351557
	=	1.1212

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)
	=	((34.53 + 45.851) / 131.739)	/	((42.152 + 45.831) / 149.59)
	=	0.610153	/	0.588161
	=	1.0374

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
	=	(-10.901 - 0.527	-	1.099)	/	131.739
	=	-0.09509

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.

Rowe has a M-score of -3.23 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 0.00 mean?

Rowe (ROWC) 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 Rowe and its competitors.

Is Rowe's Beneish M-Score too high?

Rowe's current Beneish M-Score is 0.00.

How does Rowe's Beneish M-Score compare to ADAD and PFWI?

Rowe's Beneish M-Score of 0.00 can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?

A good Beneish M-Score depends on the Furnishings, Fixtures & Appliances 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 Rowe and its competitors. Rowe'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 Rowe stock overvalued right now?

Rowe (ROWC) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. 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 Rowe (ROWC), 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.

Rowe Business Description

Industry Consumer Cyclical Furnishings, Fixtures & Appliances

Comparable Companies ADAD PFWI MJPI LUVU STLY EFOI NVFY PTEFF FORK KVCPF FMAKF NTZ EDOLF LBY KSNIF OTSUF SNHLF LCUT BSET FLXS

Address 1650 Tysons Boulevard, Suite 710, McLean, VA, USA, 22102

Website http://www.rowecompanies.com

Rowe Companies is engaged in manufacturing upholstered furniture. Its products include sofas, sleeper sofas, loveseats, dining sets, rugs, and chairs.