Pzena Investment Management (PZN)
Pzena Investment Management Beneish M-Score
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About Beneish M Score
The Beneish M Score helps to uncover companies who are likely to be manipulating their reported earnings. Companies with a higher score are more likely to be manipulators. This is a probabilistic model, so it will not detect manipulators with 100% accuracy.
The best cut-off point depends on the costs mistakenly classifying in one of two ways:
1) Classifying firm that is manipulating earnings as a non-manipulator (Type I error), and
2) Classifying a firm as a manipulator when it actually was not manipulating (Type II Error).
Here are optimal cut-offs according to Beneish, presented as the score followed by the cost of Type I error relative to cost of Type II error):
M Score HTML Table:
| Score | Relative Error Costs (Type I:Type II) |
|---|---|
| M Score > -1.49 | (10:1) | M Score > -1.78 | (20:1) | M Score > -1.89 | (40+:1) |
Beneish excluded financial institutions from his sample when calculating the M-Score, so extreme care should be taken when looking at M-Scores of financial firms - their business models are different from the manufacturing and other service firms that Beneish used in his study.
If you want more details, here is the original Beneish M Score Paper, or you can learn about our calculation by clicking "Learn More" below.
Learn More
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PZN News
PZENA INVESTMENT MANAGEMENT, INC. ANNOUNCES APRIL 30, 2012 ASSETS UNDER MANAGEMENT
May 07, 4:02PM Thomson Reuters ONE
May 07, 4:02PM Thomson Reuters ONE
$PZN forms bearish "Head and Shoulders Top" chart pattern. http://stks.co/3fN3
about 28 days ago by RecogniaEvents
about 28 days ago by RecogniaEvents
Pzena Investment Management's CEO Discusses Q1 2012 Results - Earnings Call Transcript
Apr 25, 1:06PM Seeking Alpha
Apr 25, 1:06PM Seeking Alpha
Listen to $PZN Q1 2012 earnings call - live at 10:00 AM, ondemand after - http://stks.co/3VEF
about 36 days ago by earningscast
about 36 days ago by earningscast
PZENA INVESTMENT MANAGEMENT, INC. REPORTS RESULTS FOR THE FIRST QUARTER OF 2012
Apr 24, 4:05PM Thomson Reuters ONE
Apr 24, 4:05PM Thomson Reuters ONE
PZENA INVESTMENT MANAGEMENT, INC. ANNOUNCES FIRST-QUARTER 2012 EARNINGS CONFERENCE CALL
Apr 11, 4:15PM Thomson Reuters ONE
Apr 11, 4:15PM Thomson Reuters ONE
PZENA INVESTMENT MANAGEMENT, INC. ANNOUNCES MARCH 31, 2012 ASSETS UNDER MANAGEMENT
Apr 09, 4:02PM Thomson Reuters ONE
Apr 09, 4:02PM Thomson Reuters ONE
PZENA INVESTMENT MANAGEMENT, INC. ANNOUNCES FEBRUARY 29, 2012 ASSETS UNDER MANAGEMENT
Mar 07, 4:11PM Thomson Reuters ONE
Mar 07, 4:11PM Thomson Reuters ONE
CORRECTED: PZENA INVESTMENT MANAGEMENT, INC. REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2011
Feb 08, 5:22PM Thomson Reuters ONE
Feb 08, 5:22PM Thomson Reuters ONE
Pzena Investment Management's CEO Discusses Q4 2011 Results - Earnings Call Transcript
Feb 08, 2:17PM Seeking Alpha
Feb 08, 2:17PM Seeking Alpha
Listen to $PZN Q4 2011 earnings call - live at 10:00 AM, ondemand after - http://stks.co/2IwD
about 113 days ago by earningscast
about 113 days ago by earningscast
PZENA INVESTMENT MANAGEMENT, INC. REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2011
Feb 07, 4:04PM Thomson Reuters ONE
Feb 07, 4:04PM Thomson Reuters ONE
PZENA INVESTMENT MANAGEMENT, INC. ANNOUNCES JANUARY 31, 2012 ASSETS UNDER MANAGEMENT
Feb 07, 4:03PM Thomson Reuters ONE
Feb 07, 4:03PM Thomson Reuters ONE
PZENA INVESTMENT MANAGEMENT, INC. ANNOUNCES FOURTH-QUARTER AND FULL-YEAR 2011 EARNINGS CONFERENCE CALL
Jan 25, 4:18PM Thomson Reuters ONE
Jan 25, 4:18PM Thomson Reuters ONE
PZENA INVESTMENT MANAGEMENT, INC. ANNOUNCES DECEMBER 31, 2011 ASSETS UNDER MANAGEMENT
Jan 09, 4:03PM Thomson Reuters ONE
Jan 09, 4:03PM Thomson Reuters ONE
PZENA INVESTMENT MANAGEMENT, INC. ANNOUNCES NOVEMBER 30, 2011 ASSETS UNDER MANAGEMENT
Dec 07, 4:03PM Thomson Reuters ONE
Dec 07, 4:03PM Thomson Reuters ONE
PZENA INVESTMENT MANAGEMENT, INC. ANNOUNCES OCTOBER 31, 2011 ASSETS UNDER MANAGEMENT
Nov 07, 4:01PM Thomson Reuters ONE
Nov 07, 4:01PM Thomson Reuters ONE
PZENA INVESTMENT MANAGEMENT, INC. REPORTS RESULTS FOR THE THIRD QUARTER OF 2011
Oct 25, 4:01PM Thomson Reuters ONE
Oct 25, 4:01PM Thomson Reuters ONE
PZENA INVESTMENT MANAGEMENT, INC. ANNOUNCES THIRD-QUARTER 2011 EARNINGS CONFERENCE CALL
Oct 12, 4:01PM Thomson Reuters ONE
Oct 12, 4:01PM Thomson Reuters ONE
PZENA INVESTMENT MANAGEMENT, INC. ANNOUNCES SEPTEMBER 30, 2011 ASSETS UNDER MANAGEMENT
Oct 07, 4:01PM Thomson Reuters ONE
Oct 07, 4:01PM Thomson Reuters ONE
@ldrogen Before I got control in fall '07, $C , Fan, Fred were 3 biggest holding of my largest mutual fund investment at $MS in a $PZN fund
about 897 days ago by rossgreenspan
about 897 days ago by rossgreenspan
Latest assets under management report from $PZN. Some short-term headwinds, but more than priced in here. http://tinyurl.com/6
about 1263 days ago by CaleInTheKeys
about 1263 days ago by CaleInTheKeys
Richard Pzena gets bailed out of his bad stock picks....$PZN great work Paulson Rich should have been digging ditches by now
about 1350 days ago by StockJockey
about 1350 days ago by StockJockey
$PZN bustin a move...value investing, squared. Rich will likely get inflows in spite of himself.
about 1367 days ago by StockJockey
about 1367 days ago by StockJockey
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PZN | 4.22 | +0.17 | +4.20% | 262.44M |
| PZG | 2.13 | -0.07 | -3.18% | 301.16M |
| PZA | 25.38 | +0.03 | +0.12% | |
| PYH | 20.58 | -0.18 | -0.87% | |
| PXSV | 14.99 | -0.17 | -1.14% | |
| PXR | 36.88 | -0.37 | -0.99% | |
| PRO | 14.73 | -0.07 | -0.47% | 401.23M |
| PRN | 28.66 | -0.21 | -0.72% | |
| PRMW | 1.27 | -0.02 | -1.55% | 30.61M |
| PRLS | 3.81 | +0.01 | +0.26% | 13.49M |