YIBO (Planet Image International) Beneish M-Score: -2.39 (As of Jun. 25, 2026)


YIBO Planet Image International Ltd YIBO
28 GF Score
Price $0.92
! 4 Warning Signs
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What is Planet Image International Beneish M-Score?

Planet Image International YIBO +2.23% 28 Beneish M-Score is -2.39 as of Jun. 25, 2026. GuruFocus rates YIBO with a GF Score™ of 28/100. The stock has 4 warning signs investors should review. Among 2,403 Hardware companies, Planet Image International ranks worse than 56.47% 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 -2.39 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

YIBO' s Beneish M-Score Range Over the Past 10 Years
Min: -2.66   Med: -2.47   Max: 1.13
Current: -2.39

During the past 7 years, the highest Beneish M-Score of Planet Image International was 1.13. The lowest was -2.66. And the median was -2.47.


Planet Image International Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Planet Image International'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.

Planet Image International Beneish M-Score Chart

Planet Image International Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial -2.47 -2.66 -2.52 1.13 -2.39

Planet Image International Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.52 0.00 1.13 0.00 -2.39

YIBO vs TBIIF, UAVS, TACT: Beneish M-Score Comparison

For the Computer Hardware subindustry, Planet Image International'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.


Planet Image International Beneish M-Score vs Hardware Industry

For the Hardware industry and Technology sector, Planet Image International's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Planet Image International's Beneish M-Score falls into.


YIBO
28GF Score
Planet Image International Ltd YIBO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Planet Image International 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 Planet Image International 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 * 1.4348+0.528 * 1.1859+0.404 * 0.7995+0.892 * 1.0362+0.115 * 0.9898
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1631+4.679 * -0.066794-0.327 * 1.0546
=-2.39

* 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 $56.5 Mil.
Revenue was $155.2 Mil.
Gross Profit was $45.7 Mil.
Total Current Assets was $127.1 Mil.
Total Assets was $154.1 Mil.
Property, Plant and Equipment(Net PPE) was $16.4 Mil.
Depreciation, Depletion and Amortization(DDA) was $3.5 Mil.
Selling, General, & Admin. Expense(SGA) was $47.2 Mil.
Total Current Liabilities was $80.7 Mil.
Long-Term Debt & Capital Lease Obligation was $15.3 Mil.
Net Income was $-8.3 Mil.
Gross Profit was $4.5 Mil.
Cash Flow from Operations was $-2.4 Mil.
Total Receivables was $38.0 Mil.
Revenue was $149.8 Mil.
Gross Profit was $52.3 Mil.
Total Current Assets was $115.5 Mil.
Total Assets was $138.9 Mil.
Property, Plant and Equipment(Net PPE) was $11.4 Mil.
Depreciation, Depletion and Amortization(DDA) was $2.4 Mil.
Selling, General, & Admin. Expense(SGA) was $39.2 Mil.
Total Current Liabilities was $79.9 Mil.
Long-Term Debt & Capital Lease Obligation was $2.2 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)
=(56.47 / 155.248) / (37.983 / 149.828)
=0.363741 / 0.253511
=1.4348

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)
=(52.286 / 149.828) / (45.684 / 155.248)
=0.348973 / 0.294265
=1.1859

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 - (127.106 + 16.419) / 154.145) / (1 - (115.522 + 11.428) / 138.922)
=0.068896 / 0.086178
=0.7995

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
=155.248 / 149.828
=1.0362

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))
=(2.382 / (2.382 + 11.428)) / (3.465 / (3.465 + 16.419))
=0.172484 / 0.174261
=0.9898

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)
=(47.207 / 155.248) / (39.169 / 149.828)
=0.304075 / 0.261426
=1.1631

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)
=((15.279 + 80.714) / 154.145) / ((2.172 + 79.864) / 138.922)
=0.622745 / 0.590518
=1.0546

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
=(-8.252 - 4.488 - -2.444) / 154.145
=-0.066794

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.

Planet Image International has a M-score of -2.39 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 -2.39 mean?
Planet Image International (YIBO) has a Beneish M-Score of -2.39 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Planet Image International and its competitors. According to the industry distribution chart, Planet Image International ranks #1357 out of 2403 companies in the Hardware industry, placing it in the top 56.5%.
Is Planet Image International's Beneish M-Score too high?
Planet Image International's current Beneish M-Score is -2.39. Based on the distribution chart, Planet Image International ranks #1357 out of 2403 companies in the Hardware industry, which is below the industry midpoint. Overall, Planet Image International has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Planet Image International's Beneish M-Score compare to TBIIF and UAVS?
According to the Hardware industry distribution chart, Planet Image International ranks #1357 out of 2403 companies for Beneish M-Score. This places Planet Image International 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 Planet Image International and its competitors. Planet Image International's current Beneish M-Score is -2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Planet Image International stock overvalued right now?
Planet Image International (YIBO) has a current Beneish M-Score of -2.39. The current Beneish M-Score is -2.39. Planet Image International's overall GF Score™ is 28/100 with 4 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 Planet Image International (YIBO), the current Beneish M-Score is -2.39 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.

Planet Image International Business Description

Address Guangfu Road, No. 756, Hi-tech Development Zone, Jiangxi Province, Xinyu, CHN
Planet Image International Ltd is engaged in manufacturing and selling compatible toner cartridges. It develops and manufactures toner cartridges that are compatible with, and can be used in, a wide range of commonly available models of laser printers from different manufacturers, or compatible toner cartridges, on a white-label or third-party brand basis, or under its self-owned brands. The company also sells its branded products through online sales channels under four brands: TrueImage, CoolToner, AZtech, and Toner Bank. Geographically, the company generates maximum revenue from North America, followed by Europe, Asia, and other markets.
28GF Score

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