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PPCSTU:OZVA 66 Beneish M-Score is -2.90 as of Jul. 24, 2026. GuruFocus rates STU:OZVA with a GF Score™ of 66/100 and a GF Value™ of €0.33. The stock has 3 warning signs investors should review. Among 387 Building Materials companies, PPC ranks better than 79.59% 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 -2.9 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for PPC's Beneish M-Score or its related term are showing as below:
STU:OZVA'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.5 Med: -2.86 Max: -2.13
Current: -2.9
During the past 13 years, the highest Beneish M-Score of PPC was -2.13. The lowest was -3.50. And the median was -2.86.
PPC Beneish M-Score Related Terms
PPC Beneish M-Score Historical Data
* Premium members only.
The historical data trend for PPC'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.
STU:OZVA vs CRH, VMC, MLM: Beneish M-Score Comparison
For the Building Materials subindustry, PPC'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.
PPC Beneish M-Score vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, PPC's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where PPC's Beneish M-Score falls into.
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 PPC 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 * 0.9669
+
0.528 * 0.9246
+
0.404 * 0.7747
+
0.892 * 1.0593
+
0.115 * 1.0265
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.7731
+
4.679 * -0.056897
-
0.327 * 1.2038
=
-2.88
* 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.
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.
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))
=
(29.071 / (29.071 + 287.068))
/
(31.348 / (31.348 + 318.59))
=
0.091956
/
0.089582
=
1.0265
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
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
=
(42.864 - 0
-
72.559)
/
521.911
=
-0.056897
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.
PPC has a M-score of -2.88 suggests that the company is unlikely to be a manipulator.
PPC (STU:OZVA) has a Beneish M-Score of -2.90 as of Jul. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PPC and its competitors. According to the industry distribution chart, PPC ranks #79 out of 387 companies in the Building Materials industry, placing it in the top 20.4%.
Is PPC's Beneish M-Score too high?
PPC's current Beneish M-Score is -2.90. Based on the distribution chart, PPC ranks #79 out of 387 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, PPC has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does PPC's Beneish M-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, PPC ranks #79 out of 387 companies for Beneish M-Score. This places PPC in the top 20% of its industry — outperforming the majority of peers. 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 Building Materials company?
A good Beneish M-Score depends on the Building Materials 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 PPC and its competitors. PPC's current Beneish M-Score is -2.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PPC stock overvalued right now?
PPC (STU:OZVA) has a current Beneish M-Score of -2.90. The stock's GF Value™ is €0.33, compared to a current price of €0.55 — trading 66.7% above its estimated fair value. The current Beneish M-Score is -2.90. PPC's overall GF Score™ is 66/100 with 3 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 PPC (STU:OZVA), the current Beneish M-Score is -2.90 as of Jul. 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.
Is PPC (STU:OZVA) Overvalued in 2026?
Based on GuruFocus' analysis, PPC stock appears to be overvalued.
The current stock price of €0.55 is trading 66.7% above its estimated GF Value™ of €0.33.
Key valuation signals for STU:OZVA:
Beneish M-Score: -2.90
GF Value™: €0.33 vs. price of €0.55 (66.7% above fair value)
No single metric tells the full story. See the STU:OZVA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PPC Ltd is a South Africa-based company that supplies cement and other related products in South Africa and several other African countries. Its production facilities span South Africa, Botswana, Zimbabwe, and Rwanda. The operating segments are South Africa and Botswana Cement, Zimbabwe, Rwanda, Aggregates, ash and readymix, and Group services and others. The company generates the majority of its revenue from the South Africa and Botswana domestic markets, where it marketed its cement products under the brand names OPC, SureRoad, IDM Best Build, Castle, and Spar Build-It. It also distributes cement products in Botswana, Zimbabwe, Mozambique, the Democratic Republic of the Congo, Rwanda, and Ethiopia under the brands OPC, Unicem, Botcem, and Surebuild PMC.
66GF Score
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