BCHEY (Beach Energy) Beneish M-Score: -3.85 (As of Jun. 25, 2026)

What is Beach Energy Beneish M-Score?

Beach Energy BCHEY 61 Beneish M-Score is -3.85 as of Jun. 25, 2026. GuruFocus rates BCHEY with a GF Score™ of 61/100 and a GF Value™ of $26.42. The stock has 6 warning signs investors should review. Among 822 Oil & Gas companies, Beach Energy ranks better than 91.61% 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 -3.85 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BCHEY' s Beneish M-Score Range Over the Past 10 Years
Min: -3.85 Med: -2.74 Max: -0.37
Current: -3.85

During the past 13 years, the highest Beneish M-Score of Beach Energy was -0.37. The lowest was -3.85. And the median was -2.74.

Beach Energy Beneish M-Score Related Terms

Beach Energy Beneish M-Score Historical Data

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The historical data trend for Beach 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.

Beach Energy Beneish M-Score Chart

Beach Energy Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

Beneish M-Score

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-2.40

-3.41

-2.86

-2.62

-3.85

Beach 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	-2.62	0.00	-3.85	0.00

BCHEY vs COP, EOG, OXY: Beneish M-Score Comparison

For the Oil & Gas E&P subindustry, Beach 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.

Beach Energy Beneish M-Score vs Oil & Gas Industry

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

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

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61GF Score

Beach Energy Ltd BCHEY

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Beach 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 Beach 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 * 0.8156

0.528 * 0.5084

0.404 * 1.9271

0.892 * 1.1695

0.115 * 0.045

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 2.7515

4.679 * -0.224398

0.327 * 1.0785

-3.87

This Year (Jun25) TTM:

Last Year (Jun24) TTM:

Total Receivables was $168 Mil.
Revenue was $1,371 Mil.
Gross Profit was $735 Mil.
Total Current Assets was $439 Mil.
Total Assets was $3,439 Mil.
Property, Plant and Equipment(Net PPE) was $2,789 Mil.
Depreciation, Depletion and Amortization(DDA) was $294 Mil.
Selling, General, & Admin. Expense(SGA) was $8 Mil.
Total Current Liabilities was $628 Mil.
Long-Term Debt & Capital Lease Obligation was $157 Mil.
Net Income was $-29 Mil.
Gross Profit was $6 Mil.
Cash Flow from Operations was $737 Mil.

Total Receivables was $176 Mil.
Revenue was $1,172 Mil.
Gross Profit was $320 Mil.
Total Current Assets was $455 Mil.
Total Assets was $3,652 Mil.
Property, Plant and Equipment(Net PPE) was $3,080 Mil.
Depreciation, Depletion and Amortization(DDA) was $13 Mil.
Selling, General, & Admin. Expense(SGA) was $3 Mil.
Total Current Liabilities was $254 Mil.
Long-Term Debt & Capital Lease Obligation was $519 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)
	=	(168.294 / 1371.094)	/	(176.428 / 1172.377)
	=	0.122744	/	0.150487
	=	0.8156

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)
	=	(319.655 / 1172.377)	/	(735.352 / 1371.094)
	=	0.272655	/	0.536325
	=	0.5084

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 - (438.997 + 2789.453) / 3438.607)	/	(1 - (455.246 + 3080.478) / 3651.527)
	=	0.061117	/	0.031714
	=	1.9271

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
	=	1371.094	/	1172.377
	=	1.1695

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))
	=	(13.28 / (13.28 + 3080.478))	/	(294.271 / (294.271 + 2789.453))
	=	0.004293	/	0.095427
	=	0.045

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)
	=	(8.333 / 1371.094)	/	(2.59 / 1172.377)
	=	0.006078	/	0.002209
	=	2.7515

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)
	=	((157.487 + 627.539) / 3438.607)	/	((519.456 + 253.519) / 3651.527)
	=	0.228298	/	0.211685
	=	1.0785

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
	=	(-28.516 - 5.794	-	737.305)	/	3438.607
	=	-0.224398

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.

Beach Energy has a M-score of -3.87 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 -3.85 mean?

Beach Energy (BCHEY) has a Beneish M-Score of -3.85 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Beach Energy and its competitors. According to the industry distribution chart, Beach Energy ranks #69 out of 822 companies in the Oil & Gas industry, placing it in the top 8.4%.

Is Beach Energy's Beneish M-Score too high?

Beach Energy's current Beneish M-Score is -3.85. Based on the distribution chart, Beach Energy ranks #69 out of 822 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Beach Energy has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.

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

According to the Oil & Gas industry distribution chart, Beach Energy ranks #69 out of 822 companies for Beneish M-Score. This places Beach Energy in the top 8% 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 Beach Energy and its competitors. Beach Energy's current Beneish M-Score is -3.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Beach Energy stock overvalued right now?

Beach Energy (BCHEY) has a current Beneish M-Score of -3.85. The stock's GF Value™ is $26.42, compared to a current price of $17.00 — trading 35.7% below its estimated fair value. The current Beneish M-Score is -3.85. Beach Energy's overall GF Score™ is 61/100 with 6 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 Beach Energy (BCHEY), the current Beneish M-Score is -3.85 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.

Is Beach Energy (BCHEY) Overvalued in 2026?

Based on GuruFocus' analysis, Beach Energy stock appears to be undervalued. The current stock price of $17.00 is trading 35.7% below its estimated GF Value™ of $26.42.

Key valuation signals for BCHEY:

Beneish M-Score: -3.85
GF Value™: $26.42 vs. price of $17.00 (35.7% below fair value)
GF Score™: 61/100 with 6 warning signs

No single metric tells the full story. See the BCHEY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Beach Energy Business Description

Industry Energy Oil & Gas

Comparable Companies ASX:KAR ASX:AEL ASX:STX ASX:BTL ASX:HZN ASX:OMA ASX:CVN ASX:FDR ASX:EXR ASX:COI HKSE:00883 COP TSX:CNQ EOG OXY FANG DVN ASX:WDS EQT TPL

Other Exchanges BEPTF:USA BPS:Germany BPT:Australia

Address 80 Flinders Street, Level 8, Adelaide, SA, AUS, 5000

Website https://www.beachenergy.com.au

Beach produces oil, gas, and gas liquids from numerous joint ventures in the onshore Cooper and Eromanga basins. Beach merged with Cooper Basin joint-venture partner Drillsearch Energy Limited in March 2016, which increased equity production to about 10 million barrels of oil equivalent. This more than doubled to over 20 million barrels of oil equivalent following the successful purchase of Lattice from Origin Energy in 2018. The average field life is around seven years based on forecast production and 173 mmboe of proven and probable reserves. We credit less than 15 years, assuming some additional conversion of 2C contingent resources into the reserve category with drilling. Shale gas resources are blue-sky.

61GF Score

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

$17.00

Price

$26.42

GF Value

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