URBF (Urban Barns Foods) Beneish M-Score: 0.00 (As of Jun. 25, 2026)

What is Urban Barns Foods Beneish M-Score?

Urban Barns Foods URBF -90.00% Beneish M-Score is 0.00 as of Jun. 25, 2026.

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 Urban Barns Foods's Beneish M-Score or its related term are showing as below:

During the past 8 years, the highest Beneish M-Score of Urban Barns Foods was 0.00. The lowest was 0.00. And the median was 0.00.

Urban Barns Foods Beneish M-Score Related Terms

Urban Barns Foods Beneish M-Score Historical Data

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The historical data trend for Urban Barns Foods'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.

Urban Barns Foods Beneish M-Score Chart

Urban Barns Foods Annual Data

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Jul15

Beneish M-Score

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0.00

-7.56

79.10

Urban Barns Foods Quarterly Data
	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16
Beneish M-Score	Get a 7-Day Free Trial															0.94	44.64	79.10	-5.02	-6.62

URBF vs SKSDF, RSSFF, NWGFF: Beneish M-Score Comparison

For the Farm Products subindustry, Urban Barns Foods'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.

Urban Barns Foods Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Urban Barns Foods's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Urban Barns Foods's Beneish M-Score falls into.

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Urban Barns Foods 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 Urban Barns Foods 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 * 0.0686

0.528 * 0.9644

0.404 * 2.0422

0.892 * 4.0238

0.115 * 0.5925

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.1114

4.679 * -1.240283

0.327 * 3.3809

-6.71

This Year (Jan16) TTM:

Last Year (Jan15) TTM:

Total Receivables was $0.03 Mil.
Revenue was 0.073 + 0.036 + 0.043 + 0.017 = $0.17 Mil.
Gross Profit was 0.067 + 0.027 + 0.029 + -0.002 = $0.12 Mil.
Total Current Assets was $0.06 Mil.
Total Assets was $0.57 Mil.
Property, Plant and Equipment(Net PPE) was $0.37 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.10 Mil.
Selling, General, & Admin. Expense(SGA) was $0.67 Mil.
Total Current Liabilities was $1.14 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was 1.009 + -1.633 + 0.051 + -0.574 = $-1.15 Mil.
Non Operating Income was 1.098 + -1.423 + 0.429 + -0.164 = $-0.06 Mil.
Cash Flow from Operations was 0.008 + -0.099 + -0.054 + -0.24 = $-0.39 Mil.

Total Receivables was $0.11 Mil.
Revenue was 0.024 + 0.017 + 0.001 + 0 = $0.04 Mil.
Gross Profit was 0.017 + 0.011 + 0.001 + 0 = $0.03 Mil.
Total Current Assets was $0.19 Mil.
Total Assets was $0.84 Mil.
Property, Plant and Equipment(Net PPE) was $0.56 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.08 Mil.
Selling, General, & Admin. Expense(SGA) was $1.48 Mil.
Total Current Liabilities was $0.50 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)
	=	(0.029 / 0.169)	/	(0.105 / 0.042)
	=	0.171598	/	2.5
	=	0.0686

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)
	=	(0.029 / 0.042)	/	(0.121 / 0.169)
	=	0.690476	/	0.715976
	=	0.9644

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 - (0.059 + 0.374) / 0.566)	/	(1 - (0.186 + 0.56) / 0.843)
	=	0.234982	/	0.115065
	=	2.0422

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
	=	0.169	/	0.042
	=	4.0238

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))
	=	(0.08 / (0.08 + 0.56))	/	(0.1 / (0.1 + 0.374))
	=	0.125	/	0.21097
	=	0.5925

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)
	=	(0.665 / 0.169)	/	(1.483 / 0.042)
	=	3.934911	/	35.309524
	=	0.1114

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 + 1.135) / 0.566)	/	((0 + 0.5) / 0.843)
	=	2.0053	/	0.59312
	=	3.3809

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
	=	(-1.147 - -0.06	-	-0.385)	/	0.566
	=	-1.240283

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.

Urban Barns Foods has a M-score of -6.71 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?

Urban Barns Foods (URBF) 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 Urban Barns Foods and its competitors.

Is Urban Barns Foods' Beneish M-Score too high?

Urban Barns Foods' current Beneish M-Score is 0.00.

How does Urban Barns Foods' Beneish M-Score compare to SKSDF and RSSFF?

Urban Barns Foods' Beneish M-Score of 0.00 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?

A good Beneish M-Score depends on the Consumer Packaged Goods 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 Urban Barns Foods and its competitors. Urban Barns Foods'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 Urban Barns Foods stock overvalued right now?

Urban Barns Foods (URBF) 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 Urban Barns Foods (URBF), 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.

Urban Barns Foods Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies SKSDF RSSFF NWGFF TURV HMPPF YEWB GLGLF CMCI ABAC NNUTU SHMP SEED EYTH ACMB SIAF CMGHF VFFIF SANW INPCF YNKUF

Address 13000 Chemin Belanger, Mirabel, QC, CAN, J7J 2N8

Website http://greenangelenergy.ca/ph/barns.html

Urban Barns Foods Inc is a produce production company, or grower, that aims to be the supplier of choice for fresh, locally grown, Kosher-certified, organic, or high-quality fruits and vegetables for urban consumers. The company's aims to develop a series of urban barns that are used to grow fruits and vegetables in several urban centers, beginning with Montreal, Canada. The company offer multiple varieties of lettuce, basil, and various herbs. The company derives revenue from the sale of agricultural products.