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 -3.01 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Atco's Beneish M-Score or its related term are showing as below:
ACLTF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.19 Med: -2.76 Max: -2.17
Current: -3.01
During the past 13 years, the highest Beneish M-Score of Atco was -2.17. The lowest was -3.19. And the median was -2.76.
Atco Beneish M-Score Related Terms
Atco Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Atco'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.
For the Utilities - Diversified subindustry, Atco'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.
Atco Beneish M-Score vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Atco's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Atco's Beneish M-Score falls into.
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 Atco 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 * 0.8893
+
0.528 * 1.0204
+
0.404 * 0.9213
+
0.892 * 1.0435
+
0.115 * 0.6272
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.89
+
4.679 * -0.079957
-
0.327 * 1.029
=
-2.97
* 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.
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.
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))
=
(588.066 / (588.066 + 15461.131))
/
(1033.386 / (1033.386 + 16654.519))
=
0.036641
/
0.058423
=
0.6272
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
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
=
(115.394 - -54.026
-
1785.571)
/
20212.828
=
-0.079957
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.
Atco has a M-score of -2.97 suggests that the company is unlikely to be a manipulator.
Atco (ACLTF) has a Beneish M-Score of -3.01 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Atco and its competitors. According to the industry distribution chart, Atco ranks #54 out of 485 companies in the Utilities - Regulated industry, placing it in the top 11.1%.
Is Atco's Beneish M-Score too high?
Atco's current Beneish M-Score is -3.01. Based on the distribution chart, Atco ranks #54 out of 485 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Atco has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Atco's Beneish M-Score compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, Atco ranks #54 out of 485 companies for Beneish M-Score. This places Atco in the top 11% of its industry — outperforming the majority of peers. 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 Utilities - Regulated company?
A good Beneish M-Score depends on the Utilities - Regulated 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 Atco and its competitors. Atco's current Beneish M-Score is -3.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atco stock overvalued right now?
Atco (ACLTF) has a current Beneish M-Score of -3.01. The stock's GF Value™ is $36.36, compared to a current price of $48.40 — trading 33.1% above its estimated fair value. The current Beneish M-Score is -3.01. Atco's overall GF Score™ is 80/100 with 13 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 Atco (ACLTF), the current Beneish M-Score is -3.01 as of Jun. 24, 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.
Is Atco (ACLTF) Overvalued in 2026?
Based on GuruFocus' analysis, Atco stock appears to be overvalued.
The current stock price of $48.40 is trading 33.1% above its estimated GF Value™ of $36.36.
Key valuation signals for ACLTF:
Beneish M-Score: -3.01
GF Value™: $36.36 vs. price of $48.40 (33.1% above fair value)
No single metric tells the full story. See the ACLTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atco Ltd is a Canada-based diversified company. The company's Structures & Logistics segment offers workforce and residential housing, modular facilities, construction, site support services, workforce lodging services, facility operations and maintenance, defense operations services, and disaster and emergency management services. The Neltume Ports segment includes the equity interest in Neltume Ports S.A., a port operator and developer based in South America. The Retail Energy segment provides electricity and natural gas retail sales and home maintenance solutions. Its Canadian Utilities Limited segment includes ATCO Energy Systems, ATCO EnPower, and ATCO Australia. It generates maximum revenue from the ATCO Energy Systems segment and earns maximum revenue from Canada.
80GF Score
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