ULNV (Porter Holding International) Beneish M-Score: 0.00 (As of Jun. 25, 2026)

What is Porter Holding International Beneish M-Score?

Porter Holding International ULNV 12 Beneish M-Score is 0.00 as of Jun. 25, 2026. GuruFocus rates ULNV with a GF Score™ of 12/100.

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 Porter Holding International's Beneish M-Score or its related term are showing as below:

During the past 8 years, the highest Beneish M-Score of Porter Holding International was 0.00. The lowest was 0.00. And the median was 0.00.

Porter Holding International Beneish M-Score Related Terms

Porter Holding International Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Porter Holding International'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.

Porter Holding International Beneish M-Score Chart

Porter Holding International Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Dec18

Dec19

Dec20

Dec21

Beneish M-Score

Get a 7-Day Free Trial

0.00

3.94

-0.90

-9.18

-2.04

Porter Holding International Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Beneish M-Score	Get a 7-Day Free Trial															-2.55	-7.86	-2.92	-2.04	-4.10

ULNV vs FC, RGP, CRAI: Beneish M-Score Comparison

For the Education & Training Services subindustry, Porter Holding International'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.

Porter Holding International Beneish M-Score vs Education Industry

For the Education industry and Consumer Defensive sector, Porter Holding International's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Porter Holding International's Beneish M-Score falls into.

Save Embed

12GF Score

Porter Holding International Inc ULNV

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

View Full Analysis

Porter Holding International 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 Porter Holding International 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 * 1.1402

0.528 * 1.2452

0.404 * 1.8062

0.892 * 0.8841

0.115 * 0.7816

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.8625

4.679 * -0.387805

0.327 * 1.8682

-4.10

This Year (Mar22) TTM:

Last Year (Mar21) TTM:

Total Receivables was $0.38 Mil.
Revenue was 0.026 + 0.052 + 0.032 + 0.012 = $0.12 Mil.
Gross Profit was 0.022 + 0.027 + 0.018 + 0.004 = $0.07 Mil.
Total Current Assets was $0.52 Mil.
Total Assets was $0.82 Mil.
Property, Plant and Equipment(Net PPE) was $0.26 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.26 Mil.
Selling, General, & Admin. Expense(SGA) was $0.83 Mil.
Total Current Liabilities was $4.03 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.165 + 0.119 + -0.197 + -0.177 = $-0.42 Mil.
Non Operating Income was 0 + 0.282 + 0.001 + 0.097 = $0.38 Mil.
Cash Flow from Operations was -0.006 + -0.104 + -0.122 + -0.25 = $-0.48 Mil.

Total Receivables was $0.37 Mil.
Revenue was 0.014 + 0.021 + 0.059 + 0.044 = $0.14 Mil.
Gross Profit was 0.008 + 0.007 + 0.047 + 0.038 = $0.10 Mil.
Total Current Assets was $1.05 Mil.
Total Assets was $1.60 Mil.
Property, Plant and Equipment(Net PPE) was $0.50 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.32 Mil.
Selling, General, & Admin. Expense(SGA) was $1.08 Mil.
Total Current Liabilities was $3.92 Mil.
Long-Term Debt & Capital Lease Obligation was $0.28 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)
	=	(0.377 / 0.122)	/	(0.374 / 0.138)
	=	3.090164	/	2.710145
	=	1.1402

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)
	=	(0.1 / 0.138)	/	(0.071 / 0.122)
	=	0.724638	/	0.581967
	=	1.2452

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 - (0.521 + 0.26) / 0.82)	/	(1 - (1.051 + 0.502) / 1.595)
	=	0.047561	/	0.026332
	=	1.8062

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
	=	0.122	/	0.138
	=	0.8841

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))
	=	(0.319 / (0.319 + 0.502))	/	(0.257 / (0.257 + 0.26))
	=	0.388551	/	0.497099
	=	0.7816

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)
	=	(0.825 / 0.122)	/	(1.082 / 0.138)
	=	6.762295	/	7.84058
	=	0.8625

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 + 4.031) / 0.82)	/	((0.275 + 3.922) / 1.595)
	=	4.915854	/	2.631348
	=	1.8682

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
	=	(-0.42 - 0.38	-	-0.482)	/	0.82
	=	-0.387805

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.

Porter Holding International has a M-score of -4.10 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?

Porter Holding International (ULNV) has a Beneish M-Score of 0.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Porter Holding International and its competitors.

Is Porter Holding International's Beneish M-Score too high?

Porter Holding International's current Beneish M-Score is 0.00. Overall, Porter Holding International has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Porter Holding International's Beneish M-Score compare to FC and RGP?

Porter Holding International's Beneish M-Score of 0.00 can be compared against companies in the Education 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 Education company?

A good Beneish M-Score depends on the Education 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 Porter Holding International and its competitors. Porter Holding International'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 Porter Holding International stock overvalued right now?

Porter Holding International (ULNV) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Porter Holding International's overall GF Score™ is 12/100. 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 Porter Holding International (ULNV), the current Beneish M-Score is 0.00 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.

Porter Holding International Business Description

Industry Consumer Defensive Education

Comparable Companies FC RGP CRAI BWMN ARMC FORR SDH DFCO CANN GRNQ LSE:EXPN VRSK EFX XSWX:SGSN TRU XPAR:BVI BAH NLSN FCN XSWX:DKSH

Address No. 2010, Renmin South Road, 36th Floor, Shenzhen Development Center, Luohu District, Guangdong, Shenzhen, CHN, 518001

Website http://www.cnporter.com

Porter Holding International Inc focuses its business as an O2O (Online to Offline) business platform operator covering both online E-commerce and offline commercial chain entity of three-dimensional synchronous operation together with integrated comprehensive services for merchant clients, service income from organizing and delivering an event and forum, and third-party payment service. The company also provides investment and corporate management consulting services to its clients.

12GF Score

Get the complete analysis for ULNV

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

$1.60

Price

View ULNV Analysis

See Beneish M-Score data for all stocks →