ROWKF (RenoWorks Software) Beneish M-Score: -2.62 (As of Jun. 26, 2026)


ROWKF RenoWorks Software Inc ROWKF
33 GF Score
Price $0.16
GF Value $0.30
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is RenoWorks Software Beneish M-Score?

RenoWorks Software ROWKF 33 Beneish M-Score is -2.62 as of Jun. 26, 2026. GuruFocus rates ROWKF with a GF Score™ of 33/100 and a GF Value™ of $0.30 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,634 Software companies, RenoWorks Software ranks better than 55.5% 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 -2.62 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ROWKF' s Beneish M-Score Range Over the Past 10 Years
Min: -26.53   Med: -3.12   Max: 40.02
Current: -2.62

During the past 13 years, the highest Beneish M-Score of RenoWorks Software was 40.02. The lowest was -26.53. And the median was -3.12.

RenoWorks Software Beneish M-Score Historical Data

* Premium members only.

The historical data trend for RenoWorks Software'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.

RenoWorks Software Beneish M-Score Chart

RenoWorks Software Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.43 -3.02 -3.62 -4.04 -1.91

RenoWorks Software 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 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 -2.61 -2.90 -3.99 -1.91 -2.62

ROWKF vs CRM, SHOP, UBER: Beneish M-Score Comparison

For the Software - Application subindustry, RenoWorks Software'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.

RenoWorks Software Beneish M-Score vs Software Industry

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

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


ROWKF
33GF Score
RenoWorks Software Inc ROWKF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RenoWorks Software 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 RenoWorks Software 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 * 1.0716+0.528 * 0.9438+0.404 * 0.3062+0.892 * 1.0723+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0948+4.679 * 0.007692-0.327 * 0.8231
=-2.58

* 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 $0.85 Mil.
Revenue was 1.339 + 1.25 + 1.448 + 1.584 = $5.62 Mil.
Gross Profit was 1.071 + 1 + 1.123 + 1.203 = $4.40 Mil.
Total Current Assets was $1.72 Mil.
Total Assets was $1.82 Mil.
Property, Plant and Equipment(Net PPE) was $0.04 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.02 Mil.
Selling, General, & Admin. Expense(SGA) was $3.09 Mil.
Total Current Liabilities was $1.33 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.036 + -0.069 + 0.014 + 0.019 = $-0.07 Mil.
Non Operating Income was 0.085 + 0.012 + -0.01 + -0.065 = $0.02 Mil.
Cash Flow from Operations was -0.254 + -0.077 + -0.007 + 0.23 = $-0.11 Mil.
 Total Receivables was $0.74 Mil.
Revenue was 1.287 + 1.216 + 1.399 + 1.34 = $5.24 Mil.
Gross Profit was 0.965 + 0.896 + 1.036 + 0.973 = $3.87 Mil.
Total Current Assets was $1.62 Mil.
Total Assets was $1.86 Mil.
Property, Plant and Equipment(Net PPE) was $0.04 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.02 Mil.
Selling, General, & Admin. Expense(SGA) was $2.63 Mil.
Total Current Liabilities was $1.66 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 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)
=(0.848 / 5.621) / (0.738 / 5.242)
=0.150863 / 0.140786
=1.0716

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)
=(3.87 / 5.242) / (4.397 / 5.621)
=0.738268 / 0.782245
=0.9438

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 - (1.719 + 0.042) / 1.82) / (1 - (1.622 + 0.042) / 1.861)
=0.032418 / 0.105857
=0.3062

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
=5.621 / 5.242
=1.0723

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))
=(0.015 / (0.015 + 0.042)) / (0.015 / (0.015 + 0.042))
=0.263158 / 0.263158
=1

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)
=(3.091 / 5.621) / (2.633 / 5.242)
=0.549902 / 0.502289
=1.0948

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 + 1.333) / 1.82) / ((0 + 1.656) / 1.861)
=0.732418 / 0.889844
=0.8231

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
=(-0.072 - 0.022 - -0.108) / 1.82
=0.007692

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.

RenoWorks Software has a M-score of -2.58 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 -2.62 mean?
RenoWorks Software (ROWKF) has a Beneish M-Score of -2.62 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on RenoWorks Software and its competitors. According to the industry distribution chart, RenoWorks Software ranks #1172 out of 2634 companies in the Software industry, placing it in the top 44.5%.
Is RenoWorks Software's Beneish M-Score too high?
RenoWorks Software's current Beneish M-Score is -2.62. Based on the distribution chart, RenoWorks Software ranks #1172 out of 2634 companies in the Software industry, which is above the industry midpoint. Overall, RenoWorks Software has a GF Score™ of 33/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does RenoWorks Software's Beneish M-Score compare to CRM and SHOP?
According to the Software industry distribution chart, RenoWorks Software ranks #1172 out of 2634 companies for Beneish M-Score. This puts RenoWorks Software in the upper 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 RenoWorks Software and its competitors. RenoWorks Software's current Beneish M-Score is -2.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RenoWorks Software stock overvalued right now?
Based on GuruFocus' analysis, RenoWorks Software (ROWKF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.30, compared to a current price of $0.16 — trading 46.7% below its estimated fair value. The current Beneish M-Score is -2.62. RenoWorks Software's overall GF Score™ is 33/100 with 2 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 RenoWorks Software (ROWKF), the current Beneish M-Score is -2.62 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 RenoWorks Software (ROWKF) Overvalued in 2026?

Based on GuruFocus' analysis, RenoWorks Software stock appears to be undervalued. The current stock price of $0.16 is trading 46.7% below its estimated GF Value™ of $0.30. GuruFocus considers RenoWorks Software to be Possible Value Trap.

Key valuation signals for ROWKF:

  • Beneish M-Score: -2.62
  • GF Value™: $0.30 vs. price of $0.16 (46.7% below fair value)
  • GF Score™: 33/100 with 2 warning signs

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

RenoWorks Software Business Description

Other Exchanges RW:Canada
Address 2721 Hopewell Place NE, 2nd Floor, Calgary, AB, CAN, T1Y 7J7
RenoWorks Software Inc develops and distributes digital visualization software for the remodeling and new home construction industry. The company's product offering includes Design services, Licensing and hosting, Libraries, Implementation, and others.
33GF Score

Get the complete analysis for ROWKF

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

$0.16
Price
$0.30
GF Value