RPBPF (Raspberry Pi Holdings) Beneish M-Score: -1.57 (As of Jun. 24, 2026)


RPBPF Raspberry Pi Holdings PLC RPBPF
24 GF Score
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What is Raspberry Pi Holdings Beneish M-Score?

Raspberry Pi Holdings RPBPF -6.63% 24 Beneish M-Score is -1.57 as of Jun. 24, 2026. GuruFocus rates RPBPF with a GF Score™ of 24/100. The stock has 1 warning sign investors should review. Among 2,403 Hardware companies, Raspberry Pi Holdings ranks worse than 87.52% 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.

Warning Sign:

Beneish M-Score -1.57 higher than -1.78, which implies that the company might have manipulated its financial results.

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

RPBPF' s Beneish M-Score Range Over the Past 10 Years
Min: -2.27   Med: -2.15   Max: -1.57
Current: -1.57

During the past 5 years, the highest Beneish M-Score of Raspberry Pi Holdings was -1.57. The lowest was -2.27. And the median was -2.15.

Raspberry Pi Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Raspberry Pi Holdings'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.

Raspberry Pi Holdings Beneish M-Score Chart

Raspberry Pi Holdings Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.15 -2.27 -1.57

Raspberry Pi Holdings Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial -2.15 0.00 -2.27 0.00 -1.57

RPBPF vs APH, GLW, TEL: Beneish M-Score Comparison

For the Electronic Components subindustry, Raspberry Pi Holdings'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.

Raspberry Pi Holdings Beneish M-Score vs Hardware Industry

For the Hardware industry and Technology sector, Raspberry Pi Holdings's Beneish M-Score distribution charts can be found below:

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


RPBPF
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Raspberry Pi Holdings PLC RPBPF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Raspberry Pi Holdings 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 Raspberry Pi Holdings 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 * 1.3525+0.528 * 1.0117+0.404 * 1.1199+0.892 * 1.2455+0.115 * 1.1004
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7803+4.679 * 0.046743-0.327 * 0.6773
=-1.51

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was $53.4 Mil.
Revenue was $323.2 Mil.
Gross Profit was $77.8 Mil.
Total Current Assets was $234.5 Mil.
Total Assets was $331.6 Mil.
Property, Plant and Equipment(Net PPE) was $12.5 Mil.
Depreciation, Depletion and Amortization(DDA) was $10.5 Mil.
Selling, General, & Admin. Expense(SGA) was $6.9 Mil.
Total Current Liabilities was $61.7 Mil.
Long-Term Debt & Capital Lease Obligation was $8.1 Mil.
Net Income was $21.7 Mil.
Gross Profit was $0.0 Mil.
Cash Flow from Operations was $6.2 Mil.
 Total Receivables was $31.7 Mil.
Revenue was $259.5 Mil.
Gross Profit was $63.2 Mil.
Total Current Assets was $245.3 Mil.
Total Assets was $331.4 Mil.
Property, Plant and Equipment(Net PPE) was $10.6 Mil.
Depreciation, Depletion and Amortization(DDA) was $10.7 Mil.
Selling, General, & Admin. Expense(SGA) was $7.1 Mil.
Total Current Liabilities was $98.2 Mil.
Long-Term Debt & Capital Lease Obligation was $4.8 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)
=(53.4 / 323.2) / (31.7 / 259.5)
=0.165223 / 0.122158
=1.3525

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)
=(63.2 / 259.5) / (77.8 / 323.2)
=0.243545 / 0.240718
=1.0117

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 - (234.5 + 12.5) / 331.6) / (1 - (245.3 + 10.6) / 331.4)
=0.255127 / 0.227821
=1.1199

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
=323.2 / 259.5
=1.2455

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))
=(10.7 / (10.7 + 10.6)) / (10.5 / (10.5 + 12.5))
=0.502347 / 0.456522
=1.1004

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)
=(6.9 / 323.2) / (7.1 / 259.5)
=0.021349 / 0.02736
=0.7803

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)
=((8.1 + 61.7) / 331.6) / ((4.8 + 98.2) / 331.4)
=0.210495 / 0.310803
=0.6773

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
=(21.7 - 0 - 6.2) / 331.6
=0.046743

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.

Raspberry Pi Holdings has a M-score of -1.51 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 -1.57 mean?
Raspberry Pi Holdings (RPBPF) has a Beneish M-Score of -1.57 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Raspberry Pi Holdings and its competitors. According to the industry distribution chart, Raspberry Pi Holdings ranks #2103 out of 2403 companies in the Hardware industry, placing it in the top 87.5%.
Is Raspberry Pi Holdings' Beneish M-Score too high?
Raspberry Pi Holdings' current Beneish M-Score is -1.57. Based on the distribution chart, Raspberry Pi Holdings ranks #2103 out of 2403 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Raspberry Pi Holdings has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Raspberry Pi Holdings' Beneish M-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Raspberry Pi Holdings ranks #2103 out of 2403 companies for Beneish M-Score. This places Raspberry Pi Holdings 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 Raspberry Pi Holdings and its competitors. Raspberry Pi Holdings's current Beneish M-Score is -1.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Raspberry Pi Holdings stock overvalued right now?
Raspberry Pi Holdings (RPBPF) has a current Beneish M-Score of -1.57. The current Beneish M-Score is -1.57. Raspberry Pi Holdings' overall GF Score™ is 24/100 with 1 warning sign 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 Raspberry Pi Holdings (RPBPF), the current Beneish M-Score is -1.57 as of Jun. 24, 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.

Raspberry Pi Holdings Business Description

Other Exchanges RPIl:UKRPI:UK0IK:Germany
Address Milton Road, 194 Cambridge Science Park, Cambridge, GBR, CB4 0AB
Raspberry Pi Holdings PLC is a Company involved in designing and developing high-performance, low-cost single-board computers (SBCs) and compute modules for industrial IoT customers and embedded uses, as well as for educators and enthusiasts, in extensive markets. The Group has a single operating segment- the manufacture and sale of cost-effective programmable computing devices. It is an established, full-stack engineering organization with research and development capabilities spanning the entire value chain, from semiconductor intellectual property development to the design of finished semiconductor and electronic products to software engineering and regulatory compliance.
24GF Score

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