Petrolera Del Conosur (BUE:PSUR) Beneish M-Score: 0.00 (As of Jun. 28, 2026)

What is Petrolera Del Conosur Beneish M-Score?

Petrolera Del Conosur BUE:PSUR 5 Beneish M-Score is 0.00 as of Jun. 28, 2026. GuruFocus rates BUE:PSUR with a GF Score™ of 5/100.

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 Petrolera Del Conosur's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Petrolera Del Conosur was 0.00. The lowest was 0.00. And the median was 0.00.

Petrolera Del Conosur Beneish M-Score Related Terms

Petrolera Del Conosur Beneish M-Score Historical Data

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The historical data trend for Petrolera Del Conosur'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.

Petrolera Del Conosur Beneish M-Score Chart

Petrolera Del Conosur Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Beneish M-Score

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-6.57

-5.14

-3.31

-3.64

-11.89

Petrolera Del Conosur Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Beneish M-Score	Get a 7-Day Free Trial															-7.54	-9.82	-14.06	-11.89	-5.58

BUE:PSUR vs PIRRQ, LIVE: Beneish M-Score Comparison

For the Specialty Retail subindustry, Petrolera Del Conosur'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.

Petrolera Del Conosur Beneish M-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Petrolera Del Conosur's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Petrolera Del Conosur's Beneish M-Score falls into.

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Petrolera Del Conosur SA BUE:PSUR

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

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Petrolera Del Conosur 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 Petrolera Del Conosur 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 * 1.5494

0.528 * 0.6291

0.404 * 0.4308

0.892 * 0.2251

0.115 * 3.0312

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.7206

4.679 * -0.347582

0.327 * 0.2953

-4.21

This Year (Mar19) TTM:

Last Year (Mar18) TTM:

Total Receivables was ARS4.5 Mil.
Revenue was 10.58 + 17.759 + 35.212 + 51.818 = ARS115.4 Mil.
Gross Profit was 4.13 + 5.504 + 7.26 + 11.36 = ARS28.3 Mil.
Total Current Assets was ARS36.7 Mil.
Total Assets was ARS271.4 Mil.
Property, Plant and Equipment(Net PPE) was ARS190.6 Mil.
Depreciation, Depletion and Amortization(DDA) was ARS10.3 Mil.
Selling, General, & Admin. Expense(SGA) was ARS29.7 Mil.
Total Current Liabilities was ARS95.5 Mil.
Long-Term Debt & Capital Lease Obligation was ARS6.9 Mil.
Net Income was -25.352 + -17.85 + -46.287 + -37.779 = ARS-127.3 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ARS0.0 Mil.
Cash Flow from Operations was -17.426 + -8.194 + -4.069 + -3.237 = ARS-32.9 Mil.

Total Receivables was ARS12.8 Mil.
Revenue was 122.978 + 131.598 + 124.28 + 133.685 = ARS512.5 Mil.
Gross Profit was 21.637 + 18.174 + 19.122 + 20.032 = ARS79.0 Mil.
Total Current Assets was ARS68.9 Mil.
Total Assets was ARS177.9 Mil.
Property, Plant and Equipment(Net PPE) was ARS41.9 Mil.
Depreciation, Depletion and Amortization(DDA) was ARS7.7 Mil.
Selling, General, & Admin. Expense(SGA) was ARS183.1 Mil.
Total Current Liabilities was ARS220.8 Mil.
Long-Term Debt & Capital Lease Obligation was ARS6.5 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)
	=	(4.47 / 115.369)	/	(12.817 / 512.541)
	=	0.038745	/	0.025007
	=	1.5494

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)
	=	(78.965 / 512.541)	/	(28.254 / 115.369)
	=	0.154066	/	0.244901
	=	0.6291

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 - (36.666 + 190.587) / 271.424)	/	(1 - (68.869 + 41.85) / 177.925)
	=	0.162738	/	0.377721
	=	0.4308

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
	=	115.369	/	512.541
	=	0.2251

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))
	=	(7.727 / (7.727 + 41.85))	/	(10.331 / (10.331 + 190.587))
	=	0.155859	/	0.051419
	=	3.0312

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)
	=	(29.694 / 115.369)	/	(183.061 / 512.541)
	=	0.257383	/	0.357164
	=	0.7206

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)
	=	((6.87 + 95.507) / 271.424)	/	((6.465 + 220.783) / 177.925)
	=	0.377185	/	1.277212
	=	0.2953

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
	=	(-127.268 - 0	-	-32.926)	/	271.424
	=	-0.347582

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.

Petrolera Del Conosur has a M-score of -4.21 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 0.00 mean?

Petrolera Del Conosur (BUE:PSUR) has a Beneish M-Score of 0.00 as of Jun. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Petrolera Del Conosur and its competitors.

Is Petrolera Del Conosur's Beneish M-Score too high?

Petrolera Del Conosur's current Beneish M-Score is 0.00. Overall, Petrolera Del Conosur has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.

How does Petrolera Del Conosur's Beneish M-Score compare to PIRRQ and LIVE?

Petrolera Del Conosur's Beneish M-Score of 0.00 can be compared against companies in the Retail - Cyclical 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 a Retail - Cyclical company?

A good Beneish M-Score depends on the Retail - Cyclical 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 Petrolera Del Conosur and its competitors. Petrolera Del Conosur'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 Petrolera Del Conosur stock overvalued right now?

Petrolera Del Conosur (BUE:PSUR) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Petrolera Del Conosur's overall GF Score™ is 5/100. 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 Petrolera Del Conosur (BUE:PSUR), the current Beneish M-Score is 0.00 as of Jun. 28, 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.

Petrolera Del Conosur Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies BOM:540205 FRA:BMM ISX:KONI NGO:3032 BOM:532212 LSE:SCHO WAR:ADX LSE:UCG SSE:3136 NGM:SEGR NZSE:SCY JSE:NCS TSE:8225 WAR:RBS TSX:LXR PIRRQ ASX:SRY BKK:MPG HKSE:08116 LIVE

Address Maipu 942 6th floor, Buenos Aires, ARG, C1006ACN

Website http://www.petrolera-conosur.com.ar

Petrolera Del Conosur SA is a petroleum refining company. It produces, stores and distributes fuels and other related petroleum by-products. The company through its service stations network provides gas oil, naphtha, CNG and lubricants to the automotive fleet, agricultural and industrial sector.

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ARS3.65

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