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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 -2.65 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for OMV Petrom's Beneish M-Score or its related term are showing as below:
BSE:SNP'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.43 Med: -2.68 Max: -1.6
Current: -2.65
During the past 13 years, the highest Beneish M-Score of OMV Petrom was -1.60. The lowest was -3.43. And the median was -2.68.
The historical data trend for OMV Petrom'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 Oil & Gas Integrated subindustry, OMV Petrom'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.
OMV Petrom Beneish M-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, OMV Petrom's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where OMV Petrom'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 OMV Petrom 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 * 1.2372
+
0.528 * 0.9746
+
0.404 * 0.8223
+
0.892 * 1.1501
+
0.115 * 1.0254
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8862
+
4.679 * -0.091112
-
0.327 * 1.0948
=
-2.65
* 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))
=
(4024.56 / (4024.56 + 34138.92))
/
(4584.81 / (4584.81 + 39993.89))
=
0.105456
/
0.102848
=
1.0254
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
=
(2771.45 - 0
-
8228.22)
/
59890.99
=
-0.091112
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.
OMV Petrom has a M-score of -2.65 suggests that the company is unlikely to be a manipulator.
OMV Petrom (BSE:SNP) has a Beneish M-Score of -2.65 as of Aug. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on OMV Petrom and its competitors. According to the industry distribution chart, OMV Petrom ranks #417 out of 831 companies in the Oil & Gas industry, placing it in the top 50.2%.
Is OMV Petrom's Beneish M-Score too high?
OMV Petrom's current Beneish M-Score is -2.65. Based on the distribution chart, OMV Petrom ranks #417 out of 831 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, OMV Petrom has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does OMV Petrom's Beneish M-Score compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, OMV Petrom ranks #417 out of 831 companies for Beneish M-Score. This places OMV Petrom in the lower 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 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 OMV Petrom and its competitors. OMV Petrom's current Beneish M-Score is -2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OMV Petrom stock overvalued right now?
Based on GuruFocus' analysis, OMV Petrom (BSE:SNP) is currently considered Significantly Overvalued. The stock's GF Value™ is lei0.81, compared to a current price of lei1.29 — trading 58.6% above its estimated fair value. The current Beneish M-Score is -2.65. OMV Petrom's overall GF Score™ is 70/100 with 8 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 OMV Petrom (BSE:SNP), the current Beneish M-Score is -2.65 as of Aug. 11, 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 OMV Petrom (BSE:SNP) Overvalued in 2026?
Based on GuruFocus' analysis, OMV Petrom stock appears to be overvalued.
The current stock price of lei1.29 is trading 58.6% above its estimated GF Value™ of lei0.81.
GuruFocus considers OMV Petrom to be Significantly Overvalued.
Key valuation signals for BSE:SNP:
Beneish M-Score: -2.65
GF Value™: lei0.81 vs. price of lei1.29 (58.6% above fair value)
No single metric tells the full story. See the BSE:SNP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
OMV Petrom SA is an integrated oil and gas company operating in Romania. The company has three segments. The exploration & Production segment consists of the exploration, development, & production of crude oil, & natural gas. The refining & Marketing segment produces & delivers gasoline, diesel & other petroleum products to its customers, while through filling station networks offering a variety of services & non-oil business (NOB) goods. The gas business unit, part of the Gas & Power segment, has the objective to focus on gas sales, & becoming a regional player. Business division Power, part of the Gas & Power segment, mainly extends the gas value chain into a gas-fired power plant. Key revenue is derived from Refining & marketing segment. Geographically, key revenue is from Romania.
70GF Score
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