TILT HoldingsTLLTF Beneish M-Score is -5.22 as of Jun. 26, 2026. The stock has 4 warning signs investors should review. Among 911 Drug Manufacturers companies, TILT Holdings ranks better than 96.93% 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 -5.22 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for TILT Holdings's Beneish M-Score or its related term are showing as below:
TLLTF'
s Beneish M-Score Range Over the Past 10 Years
Min: -5.68 Med: -3.37 Max: -0.03
Current: -5.22
During the past 13 years, the highest Beneish M-Score of TILT Holdings was -0.03. The lowest was -5.68. And the median was -3.37.
TILT Holdings Beneish M-Score Related Terms
TILT Holdings Beneish M-Score Historical Data
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The historical data trend for TILT 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.
TLLTF vs FLHLF, STEK, NXEN: Beneish M-Score Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, TILT 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.
TILT Holdings Beneish M-Score vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, TILT Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where TILT Holdings'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 TILT 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 * 0.8282
+
0.528 * 0.9348
+
0.404 * 1.2345
+
0.892 * 0.6115
+
0.115 * 0.5656
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.3426
+
4.679 * -0.451026
-
0.327 * 1.2284
=
-5.22
* 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))
=
(19.669 / (19.669 + 46.84))
/
(19.693 / (19.693 + 17.972))
=
0.295734
/
0.522846
=
0.5656
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
=
(-79.374 - -22.616
-
5.614)
/
138.289
=
-0.451026
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.
TILT Holdings has a M-score of -5.22 suggests that the company is unlikely to be a manipulator.
TILT Holdings (TLLTF) has a Beneish M-Score of -5.22 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on TILT Holdings and its competitors. According to the industry distribution chart, TILT Holdings ranks #28 out of 911 companies in the Drug Manufacturers industry, placing it in the top 3.1%.
Is TILT Holdings' Beneish M-Score too high?
TILT Holdings' current Beneish M-Score is -5.22. Based on the distribution chart, TILT Holdings ranks #28 out of 911 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers.
How does TILT Holdings' Beneish M-Score compare to FLHLF and STEK?
According to the Drug Manufacturers industry distribution chart, TILT Holdings ranks #28 out of 911 companies for Beneish M-Score. This places TILT Holdings in the top 3% 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 Drug Manufacturers company?
A good Beneish M-Score depends on the Drug Manufacturers 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 TILT Holdings and its competitors. TILT Holdings's current Beneish M-Score is -5.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TILT Holdings stock overvalued right now?
TILT Holdings (TLLTF) has a current Beneish M-Score of -5.22. The stock's GF Value™ is $0.02, compared to a current price of $0.00 — trading 99.5% below its estimated fair value. The current Beneish M-Score is -5.22. 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 TILT Holdings (TLLTF), the current Beneish M-Score is -5.22 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.
TILT Holdings Inc is a business solutions provider to the cannabis industry. The company helps cannabis businesses build brands through a portfolio of companies providing technology, hardware, cultivation, and production. The operating segments of the company are Cannabis and Accessories. The majority of the revenue is generated from the Accessories segment which is engaged in the manufacturing and distribution of electronic, non-nicotine (i.e., cannabis) devices and systems. The company's geographical segments include the United States, Canada, and others, of which the majority of the revenue is generated from the United States.
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