TVTV (WhereverTV Broadcasting) Beneish M-Score: 0.00 (As of Jul. 07, 2026)


What is WhereverTV Broadcasting Beneish M-Score?

WhereverTV Broadcasting TVTV +29.17% Beneish M-Score is 0.00 as of Jul. 07, 2026. Among 978 Media - Diversified companies, WhereverTV Broadcasting ranks worse than 102249.39% 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.

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

During the past 13 years, the highest Beneish M-Score of WhereverTV Broadcasting was 0.00. The lowest was 0.00. And the median was 0.00.

WhereverTV Broadcasting Beneish M-Score Historical Data

* Premium members only.

The historical data trend for WhereverTV Broadcasting'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.

WhereverTV Broadcasting Beneish M-Score Chart

WhereverTV Broadcasting Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec16 Dec17
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

WhereverTV Broadcasting Semi-Annual Data
Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec16 Dec17
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 0.00 0.00 0.00 0.00 0.00

TVTV vs XHLD, TAAG, MDEX: Beneish M-Score Comparison

For the Broadcasting subindustry, WhereverTV Broadcasting'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.

WhereverTV Broadcasting Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, WhereverTV Broadcasting's Beneish M-Score distribution charts can be found below:

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


WhereverTV Broadcasting 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 WhereverTV Broadcasting 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+0.528 * 0.0574+0.404 * 0.3461+0.892 * 0.1429+0.115 * 0.5172
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 6.8059+4.679 * -1.352665-0.327 * 0.4691
=-11.22

* 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.

This Year (Dec17) TTM:Last Year (Dec16) TTM:
Total Receivables was $0.15 Mil.
Revenue was $0.00 Mil.
Gross Profit was $-0.40 Mil.
Total Current Assets was $0.39 Mil.
Total Assets was $0.64 Mil.
Property, Plant and Equipment(Net PPE) was $0.07 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.32 Mil.
Selling, General, & Admin. Expense(SGA) was $0.98 Mil.
Total Current Liabilities was $2.48 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was $-2.49 Mil.
Gross Profit was $0.00 Mil.
Cash Flow from Operations was $-1.63 Mil.
 Total Receivables was $0.00 Mil.
Revenue was $0.01 Mil.
Gross Profit was $-0.16 Mil.
Total Current Assets was $0.02 Mil.
Total Assets was $0.27 Mil.
Property, Plant and Equipment(Net PPE) was $0.03 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.02 Mil.
Selling, General, & Admin. Expense(SGA) was $1.01 Mil.
Total Current Liabilities was $2.24 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)
=(0.15 / 0.001) / (0 / 0.007)
=150 / 0
=1

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)
=(-0.162 / 0.007) / (-0.403 / 0.001)
=-23.142857 / -403
=0.0574

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 - (0.387 + 0.067) / 0.638) / (1 - (0.017 + 0.028) / 0.27)
=0.288401 / 0.833333
=0.3461

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
=0.001 / 0.007
=0.1429

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))
=(0.021 / (0.021 + 0.028)) / (0.324 / (0.324 + 0.067))
=0.428571 / 0.828645
=0.5172

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)
=(0.982 / 0.001) / (1.01 / 0.007)
=982 / 144.285714
=6.8059

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 + 2.482) / 0.638) / ((0 + 2.239) / 0.27)
=3.890282 / 8.292593
=0.4691

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
=(-2.489 - 0 - -1.626) / 0.638
=-1.352665

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.

WhereverTV Broadcasting has a M-score of -11.22 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 0.00 mean?
WhereverTV Broadcasting (TVTV) has a Beneish M-Score of 0.00 as of Jul. 07, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on WhereverTV Broadcasting and its competitors. According to the industry distribution chart, WhereverTV Broadcasting ranks #999999 out of 978 companies in the Media - Diversified industry.
Is WhereverTV Broadcasting's Beneish M-Score too high?
WhereverTV Broadcasting's current Beneish M-Score is 0.00. Based on the distribution chart, WhereverTV Broadcasting ranks #999999 out of 978 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers.
How does WhereverTV Broadcasting's Beneish M-Score compare to XHLD and TAAG?
According to the Media - Diversified industry distribution chart, WhereverTV Broadcasting ranks #999999 out of 978 companies for Beneish M-Score. This places WhereverTV Broadcasting 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 WhereverTV Broadcasting and its competitors. WhereverTV Broadcasting's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WhereverTV Broadcasting stock overvalued right now?
WhereverTV Broadcasting (TVTV) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. 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 WhereverTV Broadcasting (TVTV), the current Beneish M-Score is 0.00 as of Jul. 07, 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.

WhereverTV Broadcasting Business Description

Address 2230 S. McCall Road, Unit A, Englewood, FL, USA, 34224
WhereverTV Broadcasting Corp is a next-generation subscription television service providing consumers with pre-paid live-streaming, genre-specific, and in-language viewing choices from around the world, delivered to anywhere in the world, and through any internet-enabled device. Programming is accessed through the internet via an Over the Top (OTT) platform, and channel management is handled by the company's patented Global Interactive Program Guide (IPG) technology. It will be able to deliver channels and events to Smart TVs and digital media receivers, including, but not limited to: Google Chromecast, AppleTV, Amazon Fire TV, iPhone, iPad, Android Smartphone, and TabletPCs.