Palestine Development & Investment Co (XPAE:PADICO) Beneish M-Score: 0.00 (As of Aug. 28, 2026)

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XPAE:PADICO Palestine Development & Investment Co XPAE:PADICO
26 GF Score
Price $2.17
! 3 Warning Signs
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What is Palestine Development & Investment Co Beneish M-Score?

Palestine Development & Investment Co XPAE:PADICO +40.91% 26 Beneish M-Score is 0.00 as of Aug. 28, 2026. GuruFocus rates XPAE:PADICO with a GF Score™ of 26/100. The stock has 3 warning signs investors should review. Among 958 Asset Management companies, Palestine Development & Investment Co ranks worse than 104384.03% 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 Palestine Development & Investment Co's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Palestine Development & Investment Co was 5.66. The lowest was -10.39. And the median was -2.45.

Palestine Development & Investment Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Palestine Development & Investment 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.

Palestine Development & Investment Co Beneish M-Score Chart

Palestine Development & Investment Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.63 3.86 -2.71 0.98 0.00

Palestine Development & Investment Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 0.00 0.00

XPAE:PADICO vs BLK, BX, KKR: Beneish M-Score Comparison

For the Asset Management subindustry, Palestine Development & Investment 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.

Palestine Development & Investment Co Beneish M-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Palestine Development & Investment Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Palestine Development & Investment Co's Beneish M-Score falls into.


XPAE:PADICO
26GF Score
Palestine Development & Investment Co XPAE:PADICO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Palestine Development & Investment 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 Palestine Development & Investment 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 * +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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was $17.57 Mil.
Revenue was 3.075 + 7.058 + -61.024 + 24.235 = $-26.66 Mil.
Gross Profit was 1.406 + 5.221 + -16.776 + 5.377 = $-4.77 Mil.
Total Current Assets was $61.17 Mil.
Total Assets was $744.07 Mil.
Property, Plant and Equipment(Net PPE) was $51.69 Mil.
Depreciation, Depletion and Amortization(DDA) was $5.50 Mil.
Selling, General, & Admin. Expense(SGA) was $2.46 Mil.
Total Current Liabilities was $57.87 Mil.
Long-Term Debt & Capital Lease Obligation was $157.48 Mil.
Net Income was 7.457 + 9.658 + 5.523 + 4.224 = $26.86 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was -1.101 + 1.193 + -2.667 + -2.154 = $-4.73 Mil.
 Total Receivables was $35.39 Mil.
Revenue was 2.428 + 7.587 + -54.385 + 24.111 = $-20.26 Mil.
Gross Profit was 0.556 + 5.541 + -15.214 + 5.895 = $-3.22 Mil.
Total Current Assets was $111.48 Mil.
Total Assets was $818.88 Mil.
Property, Plant and Equipment(Net PPE) was $120.04 Mil.
Depreciation, Depletion and Amortization(DDA) was $8.65 Mil.
Selling, General, & Admin. Expense(SGA) was $-0.65 Mil.
Total Current Liabilities was $101.15 Mil.
Long-Term Debt & Capital Lease Obligation was $191.65 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)
=(17.57 / -26.656) / (35.385 / -20.259)
= /
=

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)
=(-3.222 / -20.259) / (-4.772 / -26.656)
= /
=

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 - (61.168 + 51.691) / 744.071) / (1 - (111.48 + 120.042) / 818.882)
=0.848322 / 0.717271
=

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
=-26.656 / -20.259
=

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))
=(8.649 / (8.649 + 120.042)) / (5.503 / (5.503 + 51.691))
=0.067207 / 0.096216
=

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)
=(2.456 / -26.656) / (-0.652 / -20.259)
= /
=

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)
=((157.48 + 57.865) / 744.071) / ((191.654 + 101.152) / 818.882)
=0.289415 / 0.357568
=

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
=(26.862 - 0 - -4.729) / 744.071
=0.042457

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?
Palestine Development & Investment Co (XPAE:PADICO) has a Beneish M-Score of 0.00 as of Aug. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Palestine Development & Investment Co and its competitors. According to the industry distribution chart, Palestine Development & Investment Co ranks #999999 out of 958 companies in the Asset Management industry.
Is Palestine Development & Investment Co's Beneish M-Score too high?
Palestine Development & Investment Co's current Beneish M-Score is 0.00. Based on the distribution chart, Palestine Development & Investment Co ranks #999999 out of 958 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Palestine Development & Investment Co has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Palestine Development & Investment Co's Beneish M-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Palestine Development & Investment Co ranks #999999 out of 958 companies for Beneish M-Score. This places Palestine Development & Investment 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 an Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 Palestine Development & Investment Co and its competitors. Palestine Development & Investment Co'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 Palestine Development & Investment Co stock overvalued right now?
Palestine Development & Investment Co (XPAE:PADICO) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Palestine Development & Investment Co's overall GF Score™ is 26/100 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 Palestine Development & Investment Co (XPAE:PADICO), the current Beneish M-Score is 0.00 as of Aug. 28, 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.

Palestine Development & Investment Co Business Description

Address P.O. Box: 666 Palestine, Rawabi, PSE, 11118
Palestine Development & Investment Co is an investment and development company. It invests in real estate, telecommunications, tourism, industry, agriculture, infrastructure, financial services, and the environment sectors. The company's objective is to develop and encourage investment in various sectors and technical and consultancy services through the establishment of companies, joint ventures, and associations with other companies. The firm's investment plan is based on sector diversification, long-term investment, and well-founded partnerships. It classifies its investments in subsidiary companies, affiliated companies, and other investments.
26GF Score

Get the complete analysis for XPAE:PADICO

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

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