VEEE (Twin Vee PowerCats Co) Beneish M-Score: 46.57 (As of Jun. 25, 2026)


VEEE Twin Vee PowerCats Co VEEE
41 GF Score
Price $4.49
GF Value $251.07
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Twin Vee PowerCats Co Beneish M-Score?

Twin Vee PowerCats Co VEEE -10.56% 41 Beneish M-Score is 46.57 as of Jun. 25, 2026. GuruFocus rates VEEE with a GF Score™ of 41/100 and a GF Value™ of $251.07 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,273 Vehicles & Parts companies, Twin Vee PowerCats Co ranks worse than 99.92% 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.

Warning Sign:

Beneish M-Score 46.57 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Twin Vee PowerCats Co's Beneish M-Score or its related term are showing as below:

VEEE' s Beneish M-Score Range Over the Past 10 Years
Min: -13.65   Med: -1.71   Max: 46.57
Current: 46.57

During the past 7 years, the highest Beneish M-Score of Twin Vee PowerCats Co was 46.57. The lowest was -13.65. And the median was -1.71.


Twin Vee PowerCats Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Twin Vee PowerCats Co'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.

Twin Vee PowerCats Co Beneish M-Score Chart

Twin Vee PowerCats Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 39.22 -2.78 2.05 -6.16 43.10

Twin Vee PowerCats Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.55 -13.65 1.71 43.10 46.57

VEEE vs EZGO, VMAR, MCOM: Beneish M-Score Comparison

For the Recreational Vehicles subindustry, Twin Vee PowerCats Co'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.


Twin Vee PowerCats Co Beneish M-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Twin Vee PowerCats Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Twin Vee PowerCats Co's Beneish M-Score falls into.


VEEE
41GF Score
Twin Vee PowerCats Co VEEE
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Twin Vee PowerCats Co 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 Twin Vee PowerCats Co 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 * 4.564+0.528 * -0.6405+0.404 * 116.8089+0.892 * 1.1924+0.115 * 0.9763
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7202+4.679 * -0.07529-0.327 * 1.0285
=46.57

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $1.08 Mil.
Revenue was 3.965 + 3.022 + 3.429 + 4.756 = $15.17 Mil.
Gross Profit was 0.196 + 0.111 + -0.045 + 0.654 = $0.92 Mil.
Total Current Assets was $9.60 Mil.
Total Assets was $23.22 Mil.
Property, Plant and Equipment(Net PPE) was $10.63 Mil.
Depreciation, Depletion and Amortization(DDA) was $2.15 Mil.
Selling, General, & Admin. Expense(SGA) was $7.85 Mil.
Total Current Liabilities was $3.23 Mil.
Long-Term Debt & Capital Lease Obligation was $2.74 Mil.
Net Income was -2.094 + -2.587 + -2.756 + -1.654 = $-9.09 Mil.
Non Operating Income was 0 + -0.051 + -0.436 + -0.052 = $-0.54 Mil.
Cash Flow from Operations was -1.661 + -1.749 + -2.648 + -0.746 = $-6.80 Mil.
Total Receivables was $0.20 Mil.
Revenue was 3.612 + 1.884 + 2.901 + 4.327 = $12.72 Mil.
Gross Profit was 0.537 + -1.085 + -0.146 + 0.202 = $-0.49 Mil.
Total Current Assets was $12.20 Mil.
Total Assets was $23.55 Mil.
Property, Plant and Equipment(Net PPE) was $11.32 Mil.
Depreciation, Depletion and Amortization(DDA) was $2.23 Mil.
Selling, General, & Admin. Expense(SGA) was $9.14 Mil.
Total Current Liabilities was $3.02 Mil.
Long-Term Debt & Capital Lease Obligation was $2.87 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)
=(1.083 / 15.172) / (0.199 / 12.724)
=0.071381 / 0.01564
=4.564

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)
=(-0.492 / 12.724) / (0.916 / 15.172)
=-0.038667 / 0.060374
=-0.6405

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 - (9.597 + 10.626) / 23.217) / (1 - (12.201 + 11.323) / 23.55)
=0.128957 / 0.001104
=116.8089

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
=15.172 / 12.724
=1.1924

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))
=(2.227 / (2.227 + 11.323)) / (2.151 / (2.151 + 10.626))
=0.164354 / 0.168349
=0.9763

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)
=(7.848 / 15.172) / (9.139 / 12.724)
=0.517269 / 0.718249
=0.7202

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)
=((2.737 + 3.232) / 23.217) / ((2.866 + 3.021) / 23.55)
=0.257096 / 0.249979
=1.0285

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
=(-9.091 - -0.539 - -6.804) / 23.217
=-0.07529

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.

Twin Vee PowerCats Co has a M-score of 46.57 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 46.57 mean?
Twin Vee PowerCats Co (VEEE) has a Beneish M-Score of 46.57 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Twin Vee PowerCats Co and its competitors. According to the industry distribution chart, Twin Vee PowerCats Co ranks #1272 out of 1273 companies in the Vehicles & Parts industry, placing it in the top 99.9%.
Is Twin Vee PowerCats Co's Beneish M-Score too high?
Twin Vee PowerCats Co's current Beneish M-Score is 46.57. Based on the distribution chart, Twin Vee PowerCats Co ranks #1272 out of 1273 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Twin Vee PowerCats Co has a GF Score™ of 41/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Twin Vee PowerCats Co's Beneish M-Score compare to EZGO and VMAR?
According to the Vehicles & Parts industry distribution chart, Twin Vee PowerCats Co ranks #1272 out of 1273 companies for Beneish M-Score. This places Twin Vee PowerCats Co 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Twin Vee PowerCats Co and its competitors. Twin Vee PowerCats Co's current Beneish M-Score is 46.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Twin Vee PowerCats Co stock overvalued right now?
Based on GuruFocus' analysis, Twin Vee PowerCats Co (VEEE) is currently considered Possible Value Trap. The stock's GF Value™ is $251.07, compared to a current price of $4.49 — trading 98.2% below its estimated fair value. The current Beneish M-Score is 46.57. Twin Vee PowerCats Co's overall GF Score™ is 41/100 with 3 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 Twin Vee PowerCats Co (VEEE), the current Beneish M-Score is 46.57 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 Twin Vee PowerCats Co (VEEE) Overvalued in 2026?

Based on GuruFocus' analysis, Twin Vee PowerCats Co stock appears to be undervalued. The current stock price of $4.49 is trading 98.2% below its estimated GF Value™ of $251.07. GuruFocus considers Twin Vee PowerCats Co to be Possible Value Trap.

Key valuation signals for VEEE:

  • Beneish M-Score: 46.57
  • GF Value™: $251.07 vs. price of $4.49 (98.2% below fair value)
  • GF Score™: 41/100 with 3 warning signs

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


Twin Vee PowerCats Co Business Description

Address 3101 South US Highway 1, Fort Pierce, FL, USA, 34982
Twin Vee PowerCats Co is a designer, manufacturer, and marketer of recreational and commercial power boats to use for fishing, diving and water skiing, and commercial activities including transportation, eco-tours, fishing, and diving expeditions. The company offers various boat models, including Twin Vee 400 GFX2 CC, Twin Vee 280 GFX2 CC, and Twin Vee 260 Center Console STX, among others. Its products are marketed under two brands, Twin Vee for its catamarans, or dual-hull vessels, and Aquasport for its V-hull boats. The company sells its boats through a network of independent boat dealers across North America, the Caribbean, and Central America who resell the boats to the end user, Twin Vee customers.
41GF Score

Get the complete analysis for VEEE

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

$4.49
Price
$251.07
GF Value