Inversora Electrica de Buenos Aires (BUE:IEBA) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


What is Inversora Electrica de Buenos Aires Beneish M-Score?

Inversora Electrica de Buenos Aires BUE:IEBA Beneish M-Score is 0.00 as of Jun. 26, 2026.

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.

The historical rank and industry rank for Inversora Electrica de Buenos Aires's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Inversora Electrica de Buenos Aires was 0.00. The lowest was 0.00. And the median was 0.00.

Inversora Electrica de Buenos Aires Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Inversora Electrica de Buenos Aires'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.

Inversora Electrica de Buenos Aires Beneish M-Score Chart

Inversora Electrica de Buenos Aires Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
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Inversora Electrica de Buenos Aires Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Inversora Electrica de Buenos Aires Beneish M-Score Competitor Comparison

For the Utilities - Regulated Electric subindustry, Inversora Electrica de Buenos Aires'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.

Inversora Electrica de Buenos Aires Beneish M-Score vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Inversora Electrica de Buenos Aires's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Inversora Electrica de Buenos Aires's Beneish M-Score falls into.


Inversora Electrica de Buenos Aires 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 Inversora Electrica de Buenos Aires 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 * 1.2546+0.528 * 0.8423+0.404 * 2.443+0.892 * 1.0687+0.115 * 2.2581
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 2.6722+4.679 * 0.044001-0.327 * 0.7444
=-1.54

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was ARS151,567.00 Mil.
Revenue was 128962 + 138072 + 114719 + 98797 = ARS480,550.00 Mil.
Gross Profit was 36596 + 34251 + 31429 + 23103 = ARS125,379.00 Mil.
Total Current Assets was ARS186,522.00 Mil.
Total Assets was ARS979,193.00 Mil.
Property, Plant and Equipment(Net PPE) was ARS724,863.00 Mil.
Depreciation, Depletion and Amortization(DDA) was ARS28,614.00 Mil.
Selling, General, & Admin. Expense(SGA) was ARS36,362.00 Mil.
Total Current Liabilities was ARS271,420.00 Mil.
Long-Term Debt & Capital Lease Obligation was ARS48,674.00 Mil.
Net Income was 20604 + 38884 + 59171 + 5822 = ARS124,481.00 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ARS0.00 Mil.
Cash Flow from Operations was 21809 + 11092 + 32037 + 16458 = ARS81,396.00 Mil.
 Total Receivables was ARS113,043.00 Mil.
Revenue was 132182 + 123952 + 108384 + 85129 = ARS449,647.00 Mil.
Gross Profit was 36075 + 25400 + 22462 + 14884 = ARS98,821.00 Mil.
Total Current Assets was ARS131,513.00 Mil.
Total Assets was ARS619,977.00 Mil.
Property, Plant and Equipment(Net PPE) was ARS470,890.00 Mil.
Depreciation, Depletion and Amortization(DDA) was ARS44,167.00 Mil.
Selling, General, & Admin. Expense(SGA) was ARS12,732.00 Mil.
Total Current Liabilities was ARS272,256.00 Mil.
Long-Term Debt & Capital Lease Obligation was ARS0.00 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)
=(151567 / 480550) / (113043 / 449647)
=0.315403 / 0.251404
=1.2546

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)
=(98821 / 449647) / (125379 / 480550)
=0.219775 / 0.260907
=0.8423

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 - (186522 + 724863) / 979193) / (1 - (131513 + 470890) / 619977)
=0.069249 / 0.028346
=2.443

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
=480550 / 449647
=1.0687

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))
=(44167 / (44167 + 470890)) / (28614 / (28614 + 724863))
=0.085752 / 0.037976
=2.2581

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)
=(36362 / 480550) / (12732 / 449647)
=0.075667 / 0.028316
=2.6722

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)
=((48674 + 271420) / 979193) / ((0 + 272256) / 619977)
=0.326896 / 0.439139
=0.7444

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
=(124481 - 0 - 81396) / 979193
=0.044001

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.

Inversora Electrica de Buenos Aires has a M-score of -1.54 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Inversora Electrica de Buenos Aires (BUE:IEBA) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Inversora Electrica de Buenos Aires and its competitors.
Is Inversora Electrica de Buenos Aires' Beneish M-Score too high?
Inversora Electrica de Buenos Aires' current Beneish M-Score is 0.00.
How does Inversora Electrica de Buenos Aires' Beneish M-Score compare to competitors?
Inversora Electrica de Buenos Aires' Beneish M-Score of 0.00 can be compared against companies in the Utilities - Regulated 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 - Regulated company?
A good Beneish M-Score depends on the Utilities - Regulated 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 Inversora Electrica de Buenos Aires and its competitors. Inversora Electrica de Buenos Aires's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inversora Electrica de Buenos Aires stock overvalued right now?
Inversora Electrica de Buenos Aires (BUE:IEBA) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. 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 Inversora Electrica de Buenos Aires (BUE:IEBA), the current Beneish M-Score is 0.00 as of Jun. 26, 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.

Inversora Electrica de Buenos Aires Business Description

Address Avenue Ortiz de Ocampo 3302, Building 3, Floor 5, Buenos Aires, ARG, C1425DSV
Inversora Electrica de Buenos Aires SA is a holding company. Through its subsidiaries, it engages in the distribution and sale of electric power in Argentina. The group manages various electricity concessions in Buenos Aires and Salta.