GE Vernova (BSP:G2EV34) Beneish M-Score : -2.85 (As of Mar. 24, 2025)

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What is GE Vernova Beneish M-Score?

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 -2.85 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BSP:G2EV34' s Beneish M-Score Range Over the Past 10 Years
Min: -2.85 Med: -2.85 Max: -2.85
Current: -2.85

During the past 4 years, the highest Beneish M-Score of GE Vernova was -2.85. The lowest was -2.85. And the median was -2.85.

GE Vernova Beneish M-Score Historical Data

The historical data trend for GE Vernova'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.

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GE Vernova Beneish M-Score Chart

GE Vernova Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Beneish M-Score

-2.85

GE Vernova Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Beneish M-Score	Get a 7-Day Free Trial					-	-	-	-	-2.85

Competitive Comparison of GE Vernova's Beneish M-Score

For the Utilities - Renewable subindustry, GE Vernova'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.

GE Vernova's Beneish M-Score Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, GE Vernova's Beneish M-Score distribution charts can be found below:

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

GE Vernova 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 GE Vernova 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 * 1.1129

0.528 * 0.8271

0.404 * 0.8105

0.892 * 1.177

0.115 * 0.9239

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9011

4.679 * -0.051285

0.327 * 0.9666

-2.61

This Year (Dec24) TTM:

Last Year (Dec23) TTM:

Total Receivables was R$102,491 Mil.
Revenue was 64414.358 + 49358.411 + 44187.564 + 36148.368 = R$194,109 Mil.
Gross Profit was 12952.423 + 6141.42 + 9167.142 + 5726.77 = R$33,988 Mil.
Total Current Assets was R$208,367 Mil.
Total Assets was R$314,110 Mil.
Property, Plant and Equipment(Net PPE) was R$31,420 Mil.
Depreciation, Depletion and Amortization(DDA) was R$6,463 Mil.
Selling, General, & Admin. Expense(SGA) was R$25,551 Mil.
Total Current Liabilities was R$193,310 Mil.
Long-Term Debt & Capital Lease Obligation was R$5,003 Mil.
Net Income was 2952.884 + -531.629 + 6969.613 + -647.374 = R$8,743 Mil.
Non Operating Income was 2544.117 + 996.804 + 5353.783 + 1035.798 = R$9,931 Mil.
Cash Flow from Operations was 5619.021 + 6241.101 + 5272.992 + -2211.031 = R$14,922 Mil.

Total Receivables was R$78,245 Mil.
Revenue was 49218.491 + 40754.152 + 39412.044 + 35533.069 = R$164,918 Mil.
Gross Profit was 8339.46 + 5190.574 + 5567.194 + 4786.703 = R$23,884 Mil.
Total Current Assets was R$134,392 Mil.
Total Assets was R$225,984 Mil.
Property, Plant and Equipment(Net PPE) was R$25,616 Mil.
Depreciation, Depletion and Amortization(DDA) was R$4,793 Mil.
Selling, General, & Admin. Expense(SGA) was R$24,091 Mil.
Total Current Liabilities was R$143,594 Mil.
Long-Term Debt & Capital Lease Obligation was R$4,013 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)
	=	(102490.699 / 194108.701)	/	(78244.906 / 164917.756)
	=	0.528007	/	0.474448
	=	1.1129

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)
	=	(23883.931 / 164917.756)	/	(33987.755 / 194108.701)
	=	0.144823	/	0.175097
	=	0.8271

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 - (208367.453 + 31420.15) / 314109.985)	/	(1 - (134391.714 + 25616.154) / 225983.676)
	=	0.236613	/	0.291949
	=	0.8105

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
	=	194108.701	/	164917.756
	=	1.177

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))
	=	(4793.136 / (4793.136 + 25616.154))	/	(6463.212 / (6463.212 + 31420.15))
	=	0.157621	/	0.170608
	=	0.9239

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)
	=	(25551.091 / 194108.701)	/	(24091.281 / 164917.756)
	=	0.131633	/	0.146081
	=	0.9011

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)
	=	((5002.82 + 193310.185) / 314109.985)	/	((4012.936 + 143593.539) / 225983.676)
	=	0.631349	/	0.653173
	=	0.9666

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
	=	(8743.494 - 9930.502	-	14922.083)	/	314109.985
	=	-0.051285

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.

GE Vernova has a M-score of -2.61 suggests that the company is unlikely to be a manipulator.

GE Vernova Beneish M-Score Related Terms

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GE Vernova Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » GE Vernova Inc (BSP:G2EV34) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

GEV:USA GEV:Mexico Y5C:Germany Y5C:Bulgaria

Address

58 Charles Street, Cambridge, MA, USA, 02141

Website

https://www.gevernova.com

GE Vernova is a global leader in the electric power industry, with products and services that generate, transfer, convert, and store electricity. The company has three business segments: power, wind, and electrification. Power includes gas, nuclear, hydroelectric, and steam technologies, providing dispatchable power. The wind segment includes wind generation technologies, inclusive of onshore and offshore wind turbines and blades. Electrification includes grid solutions, power conversion, electrification software, and solar and storage solutions technologies required for the transmission, distribution, conversion, and storage of electricity from the point of generation to point of consumption.

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