VPER (Viper Networks) Beneish M-Score: 0.00 (As of Jun. 25, 2026)


What is Viper Networks Beneish M-Score?

Viper Networks VPER 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 Viper Networks's Beneish M-Score or its related term are showing as below:

During the past 4 years, the highest Beneish M-Score of Viper Networks was 0.00. The lowest was 0.00. And the median was 0.00.

Viper Networks Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Viper Networks'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.

Viper Networks Beneish M-Score Chart

Viper Networks Annual Data
Trend Dec01 Dec03 Dec04 Dec05
Beneish M-Score
0.00 0.00 0.00 0.00

Viper Networks Quarterly Data
Dec01 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06
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 0.00 0.00 0.00 0.00 0.00

VPER vs MFCO, ELED, AGNU: Beneish M-Score Comparison

For the Telecom Services subindustry, Viper Networks'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.

Viper Networks Beneish M-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Viper Networks's Beneish M-Score distribution charts can be found below:

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


Viper Networks 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 Viper Networks 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 * 1.5112+0.528 * 0.6182+0.404 * -0.0095+0.892 * 0.6761+0.115 * 0.9054
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 2.1881+4.679 * -4.205607-0.327 * 0.7519
=-22.72

* 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 (Sep06) TTM:Last Year (Sep05) TTM:
Total Receivables was $0.14 Mil.
Revenue was 0.66 + 0.846 + 0.471 + 0.745 = $2.72 Mil.
Gross Profit was 0.071 + 0.062 + 0.066 + 0.151 = $0.35 Mil.
Total Current Assets was $0.53 Mil.
Total Assets was $0.64 Mil.
Property, Plant and Equipment(Net PPE) was $0.12 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.19 Mil.
Selling, General, & Admin. Expense(SGA) was $4.13 Mil.
Total Current Liabilities was $1.10 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.632 + -0.749 + -1.71 + -0.639 = $-3.73 Mil.
Non Operating Income was -0.037 + 0.063 + -0.009 + 0.085 = $0.10 Mil.
Cash Flow from Operations was -0.13 + -0.279 + -0.296 + -0.427 = $-1.13 Mil.
 Total Receivables was $0.14 Mil.
Revenue was 0.932 + 0.858 + 0.947 + 1.289 = $4.03 Mil.
Gross Profit was 0.034 + 0.139 + 0.022 + 0.125 = $0.32 Mil.
Total Current Assets was $0.52 Mil.
Total Assets was $0.91 Mil.
Property, Plant and Equipment(Net PPE) was $0.24 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.31 Mil.
Selling, General, & Admin. Expense(SGA) was $2.79 Mil.
Total Current Liabilities was $2.08 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)
=(0.141 / 2.722) / (0.138 / 4.026)
=0.0518 / 0.034277
=1.5112

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)
=(0.32 / 4.026) / (0.35 / 2.722)
=0.079483 / 0.128582
=0.6182

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 - (0.527 + 0.116) / 0.642) / (1 - (0.521 + 0.24) / 0.911)
=-0.001558 / 0.164654
=-0.0095

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
=2.722 / 4.026
=0.6761

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))
=(0.311 / (0.311 + 0.24)) / (0.192 / (0.192 + 0.116))
=0.564428 / 0.623377
=0.9054

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)
=(4.126 / 2.722) / (2.789 / 4.026)
=1.515797 / 0.692747
=2.1881

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 + 1.1) / 0.642) / ((0 + 2.076) / 0.911)
=1.713396 / 2.278814
=0.7519

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
=(-3.73 - 0.102 - -1.132) / 0.642
=-4.205607

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.

Viper Networks has a M-score of -22.72 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?
Viper Networks (VPER) 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 Viper Networks and its competitors.
Is Viper Networks' Beneish M-Score too high?
Viper Networks' current Beneish M-Score is 0.00.
How does Viper Networks' Beneish M-Score compare to MFCO and ELED?
Viper Networks' Beneish M-Score of 0.00 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Beneish M-Score depends on the Telecommunication Services 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 Viper Networks and its competitors. Viper Networks'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 Viper Networks stock overvalued right now?
Viper Networks (VPER) 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 Viper Networks (VPER), 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.

Viper Networks Business Description

Address 200 East Big Beaver, Troy, MI, USA, 48083
Viper Networks Inc, along with its subsidiaries, operates in the energy and telecommunications sectors. The group services five market segments: Over-the-Top (OTT) services, fixed wireless access services, mobility, smart city technology, and renewable energy generation in a single platform that can be deployed in challenging markets globally. The OTT services offered by the group include wholesale voice, wholesale messaging, wholesale roaming, and hosting technology. Additionally, it offers fixed wireless services in certain markets in the United States, mobility services, smart city services, and is also involved in renewable energy generation.