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Super Energy PCLBKK:SUPER 45 Beneish M-Score is -2.84 as of Jul. 20, 2026. GuruFocus rates BKK:SUPER with a GF Score™ of 45/100 and a GF Value™ of ฿0.20 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 392 Utilities - Independent Power Producers companies, Super Energy PCL ranks better than 70.15% 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 -2.84 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Super Energy PCL's Beneish M-Score or its related term are showing as below:
BKK:SUPER'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.34 Med: -2.63 Max: 8.01
Current: -2.84
During the past 13 years, the highest Beneish M-Score of Super Energy PCL was 8.01. The lowest was -3.34. And the median was -2.63.
Super Energy PCL Beneish M-Score Related Terms
Super Energy PCL Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Super Energy PCL'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.
Super Energy PCL Beneish M-Score Competitor Comparison
For the Utilities - Renewable subindustry, Super Energy PCL'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.
Super Energy PCL Beneish M-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Super Energy PCL's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Super Energy PCL'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 Super Energy PCL 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 * 1.236
+
0.528 * 1.004
+
0.404 * 0.9867
+
0.892 * 0.8693
+
0.115 * 0.9931
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.5972
+
4.679 * -0.078106
-
0.327 * 0.954
=
-2.84
* 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))
=
(3217.431 / (3217.431 + 50905.092))
/
(2844.631 / (2844.631 + 44675.98))
=
0.059447
/
0.059861
=
0.9931
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
=
(523.687 - 1765.97
-
4081.982)
/
68167.19
=
-0.078106
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.
Super Energy PCL has a M-score of -2.84 suggests that the company is unlikely to be a manipulator.
Super Energy PCL (BKK:SUPER) has a Beneish M-Score of -2.84 as of Jul. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Super Energy PCL and its competitors. According to the industry distribution chart, Super Energy PCL ranks #117 out of 392 companies in the Utilities - Independent Power Producers industry, placing it in the top 29.8%.
Is Super Energy PCL's Beneish M-Score too high?
Super Energy PCL's current Beneish M-Score is -2.84. Based on the distribution chart, Super Energy PCL ranks #117 out of 392 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Super Energy PCL has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Super Energy PCL's Beneish M-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Super Energy PCL ranks #117 out of 392 companies for Beneish M-Score. This puts Super Energy PCL in the upper 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 an Utilities - Independent Power Producers company?
A good Beneish M-Score depends on the Utilities - Independent Power Producers 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 Super Energy PCL and its competitors. Super Energy PCL's current Beneish M-Score is -2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Super Energy PCL stock overvalued right now?
Based on GuruFocus' analysis, Super Energy PCL (BKK:SUPER) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.20, compared to a current price of ฿0.13 — trading 35% below its estimated fair value. The current Beneish M-Score is -2.84. Super Energy PCL's overall GF Score™ is 45/100 with 9 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 Super Energy PCL (BKK:SUPER), the current Beneish M-Score is -2.84 as of Jul. 20, 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 Super Energy PCL (BKK:SUPER) Overvalued in 2026?
Based on GuruFocus' analysis, Super Energy PCL stock appears to be undervalued.
The current stock price of ฿0.13 is trading 35% below its estimated GF Value™ of ฿0.20.
GuruFocus considers Super Energy PCL to be Possible Value Trap.
Key valuation signals for BKK:SUPER:
Beneish M-Score: -2.84
GF Value™: ฿0.20 vs. price of ฿0.13 (35% below fair value)
No single metric tells the full story. See the BKK:SUPER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Super Energy Corp PCL operates across multiple business segments, including solar, wind, and waste-to-energy power generation, as well as information and communication technology and water production and distribution for domestic consumption. The Group's principal businesses include the generation and sale of electricity from alternative energy sources, information technology, and the production and sale of untreated and tap water. The generation and sale of electricity from solar power contributes the majority of the Company's revenue.
45GF Score
Get the complete analysis for BKK:SUPER
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