President Studio (WAR:PRE) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


WAR:PRE President Studio SA WAR:PRE
19 GF Score
Price zł112.00
! 3 Warning Signs
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What is President Studio Beneish M-Score?

President Studio WAR:PRE 19 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates WAR:PRE with a GF Score™ of 19/100. The stock has 3 warning signs investors should review. Among 532 Interactive Media companies, President Studio ranks worse than 187969.74% 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.

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

During the past 3 years, the highest Beneish M-Score of President Studio was 0.00. The lowest was 0.00. And the median was 0.00.

President Studio Beneish M-Score Historical Data

* Premium members only.

The historical data trend for President Studio'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.

President Studio Beneish M-Score Chart

President Studio Annual Data
Trend Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00

President Studio Quarterly Data
Dec23 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.00

WAR:PRE vs NTES, EA, TTWO: Beneish M-Score Comparison

For the Electronic Gaming & Multimedia subindustry, President Studio'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.

President Studio Beneish M-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, President Studio's Beneish M-Score distribution charts can be found below:

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


WAR:PRE
19GF Score
President Studio SA WAR:PRE
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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President Studio 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 President Studio 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was zł1.50 Mil.
Revenue was zł28.57 Mil.
Gross Profit was zł27.88 Mil.
Total Current Assets was zł26.03 Mil.
Total Assets was zł26.05 Mil.
Property, Plant and Equipment(Net PPE) was zł0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was zł0.00 Mil.
Selling, General, & Admin. Expense(SGA) was zł0.00 Mil.
Total Current Liabilities was zł0.37 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.00 Mil.
Net Income was zł21.83 Mil.
Gross Profit was zł0.00 Mil.
Cash Flow from Operations was zł21.66 Mil.
 Total Receivables was zł2.46 Mil.
Revenue was zł19.86 Mil.
Gross Profit was zł19.37 Mil.
Total Current Assets was zł19.53 Mil.
Total Assets was zł19.53 Mil.
Property, Plant and Equipment(Net PPE) was zł0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was zł0.00 Mil.
Selling, General, & Admin. Expense(SGA) was zł0.00 Mil.
Total Current Liabilities was zł0.68 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.00 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)
=(1.495 / 28.57) / (2.461 / 19.86)
=0.052328 / 0.123917
=

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)
=(19.37 / 19.86) / (27.882 / 28.57)
=0.975327 / 0.975919
=

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 - (26.029 + 0) / 26.054) / (1 - (19.533 + 0) / 19.533)
=0.00096 / 0
=

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
=28.57 / 19.86
=

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))
=(0.001 / (0.001 + 0)) / (0 / (0 + 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 / 28.57) / (0 / 19.86)
=0 / 0
=

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 + 0.374) / 26.054) / ((0 + 0.676) / 19.533)
=0.014355 / 0.034608
=

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
=(21.831 - 0 - 21.657) / 26.054
=0.006678

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
President Studio (WAR:PRE) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on President Studio and its competitors. According to the industry distribution chart, President Studio ranks #999999 out of 532 companies in the Interactive Media industry.
Is President Studio's Beneish M-Score too high?
President Studio's current Beneish M-Score is 0.00. Based on the distribution chart, President Studio ranks #999999 out of 532 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, President Studio has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does President Studio's Beneish M-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, President Studio ranks #999999 out of 532 companies for Beneish M-Score. This places President Studio 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 an Interactive Media company?
A good Beneish M-Score depends on the Interactive Media 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 President Studio and its competitors. President Studio'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 President Studio stock overvalued right now?
President Studio (WAR:PRE) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. President Studio's overall GF Score™ is 19/100 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 President Studio (WAR:PRE), the current Beneish M-Score is 0.00 as of Jun. 26, 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.

President Studio Business Description

Address Bluszczanska 76, Pavilion 6, Warsaw, POL, 00-712
President Studio SA is a Warsaw-based development studio and game publisher creating unique experiences for players around the world. Its flagship project is Crime Scene Cleaner, a simulator with an unusual premise where Users can take on the role of someone working for the mafia and other criminals. The company also create other games, including gems such as a shipbuilder simulator (Ship Builder), the construction and management of a Far Eastern city (Celestial Empire), and even the life of the President of the United States.
19GF Score

Get the complete analysis for WAR:PRE

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

zł112.00
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