TPCFF (Titan Logix) Beneish M-Score: -2.09 (As of Jun. 25, 2026)

What is Titan Logix Beneish M-Score?

Titan Logix TPCFF -2.78% 47 Beneish M-Score is -2.09 as of Jun. 25, 2026. GuruFocus rates TPCFF with a GF Score™ of 47/100 and a GF Value™ of $0.38. The stock has 4 warning signs investors should review. Among 2,926 Industrial Products companies, Titan Logix ranks worse than 74.13% 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 -2.09 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TPCFF' s Beneish M-Score Range Over the Past 10 Years
Min: -3.23 Med: -2.13 Max: 0.13
Current: -2.09

During the past 13 years, the highest Beneish M-Score of Titan Logix was 0.13. The lowest was -3.23. And the median was -2.13.

Titan Logix Beneish M-Score Related Terms

Titan Logix Beneish M-Score Historical Data

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The historical data trend for Titan Logix'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.

Titan Logix Beneish M-Score Chart

Titan Logix Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Aug25

Beneish M-Score

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-2.16

-2.61

-1.16

-1.55

-2.87

Titan Logix Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26
Beneish M-Score	Get a 7-Day Free Trial															-2.31	-2.67	-2.87	-3.11	-2.09

TPCFF vs GEV, ETN, PH: Beneish M-Score Comparison

For the Specialty Industrial Machinery subindustry, Titan Logix'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.

Titan Logix Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Titan Logix's Beneish M-Score distribution charts can be found below:

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

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47GF Score

Titan Logix Corp TPCFF

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Titan Logix 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 Titan Logix 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 * 1.2037

0.528 * 1.2915

0.404 * 1.4702

0.892 * 0.8583

0.115 * 0.9733

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.1658

4.679 * 0.014923

0.327 * 1.0256

-2.05

This Year (Feb26) TTM:

Last Year (Feb25) TTM:

Total Receivables was $0.78 Mil.
Revenue was 1.212 + 1.029 + 1.166 + 1.074 = $4.48 Mil.
Gross Profit was 0.611 + 0.418 + 0.34 + 0.511 = $1.88 Mil.
Total Current Assets was $10.32 Mil.
Total Assets was $12.13 Mil.
Property, Plant and Equipment(Net PPE) was $0.46 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.26 Mil.
Selling, General, & Admin. Expense(SGA) was $1.73 Mil.
Total Current Liabilities was $0.56 Mil.
Long-Term Debt & Capital Lease Obligation was $0.28 Mil.
Net Income was -0.156 + -0.242 + -0.153 + -0.304 = $-0.86 Mil.
Non Operating Income was 0.011 + -0.032 + 0.043 + -0.125 = $-0.10 Mil.
Cash Flow from Operations was -0.218 + -0.34 + -0.341 + -0.034 = $-0.93 Mil.

Total Receivables was $0.76 Mil.
Revenue was 1.046 + 1.546 + 1.22 + 1.409 = $5.22 Mil.
Gross Profit was 0.605 + 0.861 + 0.628 + 0.735 = $2.83 Mil.
Total Current Assets was $11.80 Mil.
Total Assets was $13.33 Mil.
Property, Plant and Equipment(Net PPE) was $0.53 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.28 Mil.
Selling, General, & Admin. Expense(SGA) was $1.73 Mil.
Total Current Liabilities was $0.52 Mil.
Long-Term Debt & Capital Lease Obligation was $0.37 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)
	=	(0.78 / 4.481)	/	(0.755 / 5.221)
	=	0.174068	/	0.144608
	=	1.2037

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)
	=	(2.829 / 5.221)	/	(1.88 / 4.481)
	=	0.54185	/	0.419549
	=	1.2915

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 - (10.323 + 0.462) / 12.129)	/	(1 - (11.804 + 0.525) / 13.334)
	=	0.110809	/	0.075371
	=	1.4702

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
	=	4.481	/	5.221
	=	0.8583

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))
	=	(0.279 / (0.279 + 0.525))	/	(0.256 / (0.256 + 0.462))
	=	0.347015	/	0.356546
	=	0.9733

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)
	=	(1.73 / 4.481)	/	(1.729 / 5.221)
	=	0.386075	/	0.331163
	=	1.1658

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)
	=	((0.279 + 0.555) / 12.129)	/	((0.371 + 0.523) / 13.334)
	=	0.068761	/	0.067047
	=	1.0256

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
	=	(-0.855 - -0.103	-	-0.933)	/	12.129
	=	0.014923

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.

Titan Logix has a M-score of -2.05 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 -2.09 mean?

Titan Logix (TPCFF) has a Beneish M-Score of -2.09 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Titan Logix and its competitors. According to the industry distribution chart, Titan Logix ranks #2169 out of 2926 companies in the Industrial Products industry, placing it in the top 74.1%.

Is Titan Logix's Beneish M-Score too high?

Titan Logix's current Beneish M-Score is -2.09. Based on the distribution chart, Titan Logix ranks #2169 out of 2926 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Titan Logix has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.

How does Titan Logix's Beneish M-Score compare to GEV and ETN?

According to the Industrial Products industry distribution chart, Titan Logix ranks #2169 out of 2926 companies for Beneish M-Score. This places Titan Logix 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 an Industrial Products company?

A good Beneish M-Score depends on the Industrial Products 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 Titan Logix and its competitors. Titan Logix's current Beneish M-Score is -2.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Titan Logix stock overvalued right now?

Titan Logix (TPCFF) has a current Beneish M-Score of -2.09. The stock's GF Value™ is $0.38, compared to a current price of $0.35 — trading 7.9% below its estimated fair value. The current Beneish M-Score is -2.09. Titan Logix's overall GF Score™ is 47/100 with 4 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 Titan Logix (TPCFF), the current Beneish M-Score is -2.09 as of Jun. 25, 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 Titan Logix (TPCFF) Overvalued in 2026?

Based on GuruFocus' analysis, Titan Logix stock appears to be undervalued. The current stock price of $0.35 is trading 7.9% below its estimated GF Value™ of $0.38.

Key valuation signals for TPCFF:

Beneish M-Score: -2.09
GF Value™: $0.38 vs. price of $0.35 (7.9% below fair value)
GF Score™: 47/100 with 4 warning signs

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

Titan Logix Business Description

Industry Industrials Industrial Products

Comparable Companies TSXV:CTEK TSXV:REKO TSXV:CAG TSXV:ENW XCNQ:RAIN TSX:GRN TSXV:NXH TSX:PYR TSX:DYA GEV XTER:SIE XPAR:SU XTER:ENR ETN PH OSTO:ATCO A CMI EMR TSE:7011 ITW

Other Exchanges TLA:Canada

Address 4130 - 93rd Street, Edmonton, AB, CAN, T6E 5P5

Website https://www.titanlogix.com

Titan Logix Corp designs and manufactures mobile liquid measurement solutions that help businesses reduce risk and maximize efficiencies in bulk liquid transportation. The company's TD Series tank-level monitors are known for their high accuracy, rugged design, and solid-state reliability. The solutions are designed for both hazardous and non-hazardous applications and serve customers across a wide range of industries, including petroleum, environmental solutions, chemical, and agriculture. The company predominantly operates in two geographic regions, Canada and the United States, and derives the majority of its revenue from its business in the United States.

47GF Score

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

$0.35

Price

$0.38

GF Value

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