VPRIF (Vitality Products) Beneish M-Score: -2.34 (As of Jun. 25, 2026)


What is Vitality Products Beneish M-Score?

Vitality Products VPRIF Beneish M-Score is -2.34 as of Jun. 25, 2026. The stock has 2 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, Vitality Products ranks worse than 63.06% 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.

Good Sign:

Beneish M-Score -2.34 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

VPRIF' s Beneish M-Score Range Over the Past 10 Years
Min: -3.04   Med: -2.51   Max: -0.94
Current: -2.34

During the past 13 years, the highest Beneish M-Score of Vitality Products was -0.94. The lowest was -3.04. And the median was -2.51.


Vitality Products Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Vitality Products'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.

Vitality Products Beneish M-Score Chart

Vitality Products Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.51 -2.81 -2.78 -3.04 -2.34

Vitality Products Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26
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 -3.04 -1.90 -2.05 -1.64 -2.34

VPRIF vs KHC, GIS: Beneish M-Score Comparison

For the Packaged Foods subindustry, Vitality Products'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.


Vitality Products Beneish M-Score vs Consumer Packaged Goods Industry

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

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



Vitality Products 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 Vitality Products 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 * 1.0228+0.528 * 1.0006+0.404 * 1.0165+0.892 * 1.0931+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8583+4.679 * 0.01626-0.327 * 1.0316
=-2.28

* 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 (Jan26) TTM:Last Year (Jan25) TTM:
Total Receivables was $0.14 Mil.
Revenue was 0.166 + 0.144 + 0.145 + 0.167 = $0.62 Mil.
Gross Profit was 0.121 + 0.107 + 0.102 + 0.119 = $0.45 Mil.
Total Current Assets was $0.32 Mil.
Total Assets was $0.49 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.47 Mil.
Total Current Liabilities was $1.60 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.008 + -0.005 + -0.02 + -0.002 = $-0.04 Mil.
Non Operating Income was -0.003 + -0.004 + -0.004 + -0.003 = $-0.01 Mil.
Cash Flow from Operations was -0.017 + 0.025 + 0.011 + -0.048 = $-0.03 Mil.
Total Receivables was $0.13 Mil.
Revenue was 0.163 + 0.141 + 0.121 + 0.144 = $0.57 Mil.
Gross Profit was 0.118 + 0.099 + 0.09 + 0.104 = $0.41 Mil.
Total Current Assets was $0.31 Mil.
Total Assets was $0.48 Mil.
Property, Plant and Equipment(Net PPE) was $0.01 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.01 Mil.
Selling, General, & Admin. Expense(SGA) was $0.50 Mil.
Total Current Liabilities was $1.50 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)
=(0.142 / 0.622) / (0.127 / 0.569)
=0.228296 / 0.223199
=1.0228

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)
=(0.411 / 0.569) / (0.449 / 0.622)
=0.72232 / 0.721865
=1.0006

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 - (0.315 + 0.004) / 0.492) / (1 - (0.306 + 0.006) / 0.477)
=0.351626 / 0.345912
=1.0165

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
=0.622 / 0.569
=1.0931

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))
=(0.007 / (0.007 + 0.006)) / (0 / (0 + 0.004))
=0.538462 / 0
=1

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)
=(0.471 / 0.622) / (0.502 / 0.569)
=0.757235 / 0.88225
=0.8583

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 + 1.596) / 0.492) / ((0 + 1.5) / 0.477)
=3.243902 / 3.144654
=1.0316

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
=(-0.035 - -0.014 - -0.029) / 0.492
=0.01626

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.

Vitality Products has a M-score of -2.28 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 -2.34 mean?
Vitality Products (VPRIF) has a Beneish M-Score of -2.34 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Vitality Products and its competitors. According to the industry distribution chart, Vitality Products ranks #1166 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 63.1%.
Is Vitality Products' Beneish M-Score too high?
Vitality Products' current Beneish M-Score is -2.34. Based on the distribution chart, Vitality Products ranks #1166 out of 1849 companies in the Consumer Packaged Goods industry, which is below the industry midpoint.
How does Vitality Products' Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Vitality Products ranks #1166 out of 1849 companies for Beneish M-Score. This places Vitality Products 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 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 Vitality Products and its competitors. Vitality Products's current Beneish M-Score is -2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vitality Products stock overvalued right now?
Based on GuruFocus' analysis, Vitality Products (VPRIF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.02, compared to a current price of $0.00 — trading 87.5% below its estimated fair value. The current Beneish M-Score is -2.34. 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 Vitality Products (VPRIF), the current Beneish M-Score is -2.34 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.

Vitality Products Business Description

Other Exchanges VPI:Canada
Address 837 West Hastings Street, Suite 304, Vancouver, BC, CAN, V6C 3N6
Vitality Products Inc is engaged in the business of manufacturing, marketing, and distributing natural health products, including vitamins, minerals and nutritional supplements. Its product categories include Iron Deficiency, The Essentials, Sleep & Stress, and Collagen. It operates in a single segment in Canada which is the business of manufacturing, marketing, and distributing natural health products, including vitamins, minerals and nutritional supplements.