Po Valley Energy (ASX:PVE) Beneish M-Score: -3.56 (As of Jun. 24, 2026)

What is Po Valley Energy Beneish M-Score?

Po Valley Energy ASX:PVE Beneish M-Score is -3.56 as of Jun. 24, 2026. Among 822 Oil & Gas companies, Po Valley Energy ranks better than 87.96% 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 -3.56 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ASX:PVE' s Beneish M-Score Range Over the Past 10 Years
Min: -4.65 Med: -2.97 Max: 3.59
Current: -3.56

During the past 13 years, the highest Beneish M-Score of Po Valley Energy was 3.59. The lowest was -4.65. And the median was -2.97.

Po Valley Energy Beneish M-Score Related Terms

Po Valley Energy Beneish M-Score Historical Data

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The historical data trend for Po Valley Energy'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.

Po Valley Energy Beneish M-Score Chart

Po Valley Energy Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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0.00

-2.38

-3.56

Po Valley Energy Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Beneish M-Score	Get a 7-Day Free Trial															0.00	0.00	-2.38	0.00	-3.56

ASX:PVE vs COP, EOG, OXY: Beneish M-Score Comparison

For the Oil & Gas E&P subindustry, Po Valley Energy'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.

Po Valley Energy Beneish M-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Po Valley Energy's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Po Valley Energy's Beneish M-Score falls into.

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Po Valley Energy 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 Po Valley Energy for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.7012

0.528 * 0.8858

0.404 * 0.2004

0.892 * 1.1513

0.115 * 1.0051

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.7021

4.679 * -0.06481

0.327 * 1.4216

-3.56

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was A$1.48 Mil.
Revenue was A$12.42 Mil.
Gross Profit was A$12.42 Mil.
Total Current Assets was A$16.44 Mil.
Total Assets was A$38.24 Mil.
Property, Plant and Equipment(Net PPE) was A$21.73 Mil.
Depreciation, Depletion and Amortization(DDA) was A$1.01 Mil.
Selling, General, & Admin. Expense(SGA) was A$3.25 Mil.
Total Current Liabilities was A$3.59 Mil.
Long-Term Debt & Capital Lease Obligation was A$0.09 Mil.
Net Income was A$4.80 Mil.
Gross Profit was A$-0.64 Mil.
Cash Flow from Operations was A$7.92 Mil.

Total Receivables was A$1.83 Mil.
Revenue was A$10.79 Mil.
Gross Profit was A$9.56 Mil.
Total Current Assets was A$10.09 Mil.
Total Assets was A$30.05 Mil.
Property, Plant and Equipment(Net PPE) was A$19.71 Mil.
Depreciation, Depletion and Amortization(DDA) was A$0.92 Mil.
Selling, General, & Admin. Expense(SGA) was A$1.66 Mil.
Total Current Liabilities was A$1.91 Mil.
Long-Term Debt & Capital Lease Obligation was A$0.13 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)
	=	(1.479 / 12.419)	/	(1.832 / 10.787)
	=	0.119092	/	0.169834
	=	0.7012

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)
	=	(9.555 / 10.787)	/	(12.419 / 12.419)
	=	0.885788	/	1
	=	0.8858

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 - (16.444 + 21.726) / 38.235)	/	(1 - (10.087 + 19.712) / 30.054)
	=	0.0017	/	0.008485
	=	0.2004

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
	=	12.419	/	10.787
	=	1.1513

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))
	=	(0.924 / (0.924 + 19.712))	/	(1.013 / (1.013 + 21.726))
	=	0.044776	/	0.044549
	=	1.0051

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)
	=	(3.253 / 12.419)	/	(1.66 / 10.787)
	=	0.261937	/	0.153889
	=	1.7021

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)
	=	((0.092 + 3.592) / 38.235)	/	((0.127 + 1.91) / 30.054)
	=	0.096352	/	0.067778
	=	1.4216

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
	=	(4.8 - -0.64	-	7.918)	/	38.235
	=	-0.06481

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.

Po Valley Energy has a M-score of -3.56 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 -3.56 mean?

Po Valley Energy (ASX:PVE) has a Beneish M-Score of -3.56 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Po Valley Energy and its competitors. According to the industry distribution chart, Po Valley Energy ranks #99 out of 822 companies in the Oil & Gas industry, placing it in the top 12%.

Is Po Valley Energy's Beneish M-Score too high?

Po Valley Energy's current Beneish M-Score is -3.56. Based on the distribution chart, Po Valley Energy ranks #99 out of 822 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers.

How does Po Valley Energy's Beneish M-Score compare to COP and EOG?

According to the Oil & Gas industry distribution chart, Po Valley Energy ranks #99 out of 822 companies for Beneish M-Score. This places Po Valley Energy in the top 12% 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 Oil & Gas company?

A good Beneish M-Score depends on the Oil & Gas 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 Po Valley Energy and its competitors. Po Valley Energy's current Beneish M-Score is -3.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Po Valley Energy stock overvalued right now?

Po Valley Energy (ASX:PVE) has a current Beneish M-Score of -3.56. The current Beneish M-Score is -3.56. 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 Po Valley Energy (ASX:PVE), the current Beneish M-Score is -3.56 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.

Po Valley Energy Business Description

Industry Energy Oil & Gas

Comparable Companies ASX:KKO ASX:NGY ASX:FAR ASX:D3E ASX:CTP ASX:EV8 ASX:CUE ASX:QPM ASX:BRK ASX:GHY HKSE:00883 COP TSX:CNQ EOG OXY FANG DVN ASX:WDS EQT TPL

Other Exchanges PVLEF:USA

Address 191 St Georges Terrace, Level 5, Perth, WA, AUS, 6000

Website https://www.povalley.com

Po Valley Energy Ltd is an oil and gas exploration and development company. It is engaged in gas production through a portfolio of natural gas fields in northern Italy. The company's project portfolio comprises Podere Maiar (Selva), an onshore natural gas field in the eastern part of the Po Plain, in the Emilia Romagna region; and the Teodorico Project, located off the east coast of Italy, in the shallow waters of the Adriatic Sea. Po Valley generates all of its revenue from Gas sales contracts with its customers. Its operating business units are: Production, which generates maximum revenue, Exploration and evaluation, and Development. Geographically, all gas sales are generated in Italy.