CANSF (Atlas Energy) Beneish M-Score: 0.00 (As of Jun. 27, 2026)

What is Atlas Energy Beneish M-Score?

Atlas Energy CANSF +0.48% 31 Beneish M-Score is 0.00 as of Jun. 27, 2026. GuruFocus rates CANSF with a GF Score™ of 31/100 and a GF Value™ of $0.07 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 822 Oil & Gas companies, Atlas Energy ranks worse than 121654.38% 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.

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

During the past 13 years, the highest Beneish M-Score of Atlas Energy was 54.00. The lowest was -6.97. And the median was -1.07.

Atlas Energy Beneish M-Score Related Terms

Atlas Energy Beneish M-Score Historical Data

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The historical data trend for Atlas Energy'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.

Atlas Energy Beneish M-Score Chart

Atlas Energy Annual Data

Trend

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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7.07

-0.09

0.00

-3.90

0.00

Atlas Energy 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															0.00	0.00	0.00	0.00	0.00

CANSF vs WMB, EPD, KMI: Beneish M-Score Comparison

For the Oil & Gas Midstream subindustry, Atlas Energy'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.

Atlas Energy Beneish M-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Atlas Energy's Beneish M-Score distribution charts can be found below:

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

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31GF Score

Atlas Energy Corp CANSF

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

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Atlas Energy 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 Atlas Energy 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 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was $0.04 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $19.61 Mil.
Total Assets was $19.61 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.01 Mil.
Selling, General, & Admin. Expense(SGA) was $2.33 Mil.
Total Current Liabilities was $0.66 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.931 + -0.489 + -0.54 + 0.271 = $-1.69 Mil.
Non Operating Income was 0 + -0.001 + 0.002 + -0.102 = $-0.10 Mil.
Cash Flow from Operations was -0.572 + -0.299 + -0.832 + -1.375 = $-3.08 Mil.

Total Receivables was $0.01 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $1.60 Mil.
Total Assets was $1.61 Mil.
Property, Plant and Equipment(Net PPE) was $0.01 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.76 Mil.
Selling, General, & Admin. Expense(SGA) was $1.31 Mil.
Total Current Liabilities was $1.59 Mil.
Long-Term Debt & Capital Lease Obligation was $0.50 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)
	=	(0.04 / 0)	/	(0.005 / 0)
	=		/
	=

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)
	=	(0 / 0)	/	(0 / 0)
	=		/
	=

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 - (19.609 + 0) / 19.609)	/	(1 - (1.599 + 0.012) / 1.611)
	=	0	/	0
	=

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
	=	0	/	0
	=

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))
	=	(0.758 / (0.758 + 0.012))	/	(0.012 / (0.012 + 0))
	=	0.984416	/	1
	=

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)
	=	(2.33 / 0)	/	(1.307 / 0)
	=		/
	=

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)
	=	((0 + 0.655) / 19.609)	/	((0.504 + 1.587) / 1.611)
	=	0.033403	/	1.297952
	=

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
	=	(-1.689 - -0.101	-	-3.078)	/	19.609
	=	0.075986

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.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 0.00 mean?

Atlas Energy (CANSF) has a Beneish M-Score of 0.00 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Atlas Energy and its competitors. According to the industry distribution chart, Atlas Energy ranks #999999 out of 822 companies in the Oil & Gas industry.

Is Atlas Energy's Beneish M-Score too high?

Atlas Energy's current Beneish M-Score is 0.00. Based on the distribution chart, Atlas Energy ranks #999999 out of 822 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Atlas Energy has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Atlas Energy's Beneish M-Score compare to WMB and EPD?

According to the Oil & Gas industry distribution chart, Atlas Energy ranks #999999 out of 822 companies for Beneish M-Score. This places Atlas Energy 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 Atlas Energy and its competitors. Atlas Energy'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 Atlas Energy stock overvalued right now?

Based on GuruFocus' analysis, Atlas Energy (CANSF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.07, compared to a current price of $0.11 — trading 50% above its estimated fair value. The current Beneish M-Score is 0.00. Atlas Energy's overall GF Score™ is 31/100 with 1 warning sign 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 Atlas Energy (CANSF), the current Beneish M-Score is 0.00 as of Jun. 27, 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 Atlas Energy (CANSF) Overvalued in 2026?

Based on GuruFocus' analysis, Atlas Energy stock appears to be overvalued. The current stock price of $0.11 is trading 50% above its estimated GF Value™ of $0.07. GuruFocus considers Atlas Energy to be Significantly Overvalued.

Key valuation signals for CANSF:

Beneish M-Score: 0.00
GF Value™: $0.07 vs. price of $0.11 (50% above fair value)
GF Score™: 31/100 with 1 warning sign

No single metric tells the full story. See the CANSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Atlas Energy Business Description

Industry Energy Oil & Gas

Comparable Companies TSXV:SRR TSX:TWM TSX:ENB WMB EPD TSX:TRP KMI ET MPLX TRGP OKE LNG VG CQP TSX:PPL SHSE:601872 WES PAA HKSE:01138 DTM

Other Exchanges ATLE:Canada

Address 333 - 7th Avenue SW, Number 3200, Dome Tower, Calgary, AB, CAN, T2P 2Z1

Website https://www.atlas-corp.ca

Atlas Energy Corp is a Canadian Oil and Gas development company. The company is focused on the acquisition and management of a portfolio of international upstream oil and gas royalty and streaming transactions. Atlas also evaluates royalty and streaming opportunities in the North American market. Atlas also focuses on the acquisition of international royalty and stream interests on proved and developed petroleum and natural gas reserves that are revenue generating and counter-cyclical to provide commodity upside and long-term organic growth.

31GF Score

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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.11

Price

$0.07

GF Value

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