CCEC (Capital Clean Energy Carriers) Beneish M-Score: -2.04 (As of Aug. 27, 2026)

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CCEC Capital Clean Energy Carriers Corp CCEC
79 GF Score
Price $22.78
GF Value $20.29
Valuation Modestly Overvalued
! 11 Warning Signs
View Full Analysis

What is Capital Clean Energy Carriers Beneish M-Score?

Capital Clean Energy Carriers CCEC +1.24% 79 Beneish M-Score is -2.04 as of Aug. 27, 2026. GuruFocus rates CCEC with a GF Score™ of 79/100 and a GF Value™ of $20.29 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 969 Transportation companies, Capital Clean Energy Carriers ranks worse than 77.4% 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.

Good Sign:

Beneish M-Score -2.04 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

CCEC' s Beneish M-Score Range Over the Past 10 Years
Min: -6.04   Med: -2.5   Max: 30.28
Current: -2.04

During the past 13 years, the highest Beneish M-Score of Capital Clean Energy Carriers was 30.28. The lowest was -6.04. And the median was -2.50.


Capital Clean Energy Carriers Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Capital Clean Energy Carriers'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.

Capital Clean Energy Carriers Beneish M-Score Chart

Capital Clean Energy Carriers Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.01 -2.95 -0.31 -2.50 -2.23

Capital Clean Energy Carriers Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -2.50 -2.17 -2.23 -1.45 -2.04

CCEC vs GSL, SFL, GNK: Beneish M-Score Comparison

For the Marine Shipping subindustry, Capital Clean Energy Carriers'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.


Capital Clean Energy Carriers Beneish M-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Capital Clean Energy Carriers's Beneish M-Score distribution charts can be found below:

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


CCEC
79GF Score
Capital Clean Energy Carriers Corp CCEC
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Capital Clean Energy Carriers 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 Capital Clean Energy Carriers 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 * 1.6838+0.528 * 1.1106+0.404 * 0.6418+0.892 * 1.0051+0.115 * 1.0655
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8913+4.679 * -0.026241-0.327 * 1.0284
=-2.04

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was $12.3 Mil.
Revenue was 104.896 + 98.009 + 86.761 + 99.506 = $389.2 Mil.
Gross Profit was 57.327 + 47.142 + 52.303 + 53.603 = $210.4 Mil.
Total Current Assets was $282.8 Mil.
Total Assets was $4,655.1 Mil.
Property, Plant and Equipment(Net PPE) was $4,284.7 Mil.
Depreciation, Depletion and Amortization(DDA) was $113.4 Mil.
Selling, General, & Admin. Expense(SGA) was $15.2 Mil.
Total Current Liabilities was $245.1 Mil.
Long-Term Debt & Capital Lease Obligation was $2,797.5 Mil.
Net Income was 28.831 + 22.034 + 36.518 + 23.761 = $111.1 Mil.
Non Operating Income was 1.27 + -2.374 + -1.249 + -0.067 = $-2.4 Mil.
Cash Flow from Operations was 60.329 + 49.918 + 59.744 + 65.729 = $235.7 Mil.
Total Receivables was $7.2 Mil.
Revenue was 96.716 + 102.037 + 85.986 + 102.44 = $387.2 Mil.
Gross Profit was 57.294 + 62.919 + 52.002 + 60.227 = $232.4 Mil.
Total Current Assets was $360.6 Mil.
Total Assets was $4,145.5 Mil.
Property, Plant and Equipment(Net PPE) was $3,663.4 Mil.
Depreciation, Depletion and Amortization(DDA) was $103.5 Mil.
Selling, General, & Admin. Expense(SGA) was $17.0 Mil.
Total Current Liabilities was $217.3 Mil.
Long-Term Debt & Capital Lease Obligation was $2,417.6 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)
=(12.258 / 389.172) / (7.243 / 387.179)
=0.031498 / 0.018707
=1.6838

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)
=(232.442 / 387.179) / (210.375 / 389.172)
=0.600348 / 0.540571
=1.1106

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 - (282.807 + 4284.719) / 4655.098) / (1 - (360.632 + 3663.388) / 4145.538)
=0.018812 / 0.029313
=0.6418

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
=389.172 / 387.179
=1.0051

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))
=(103.527 / (103.527 + 3663.388)) / (113.445 / (113.445 + 4284.719))
=0.027483 / 0.025794
=1.0655

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)
=(15.232 / 389.172) / (17.003 / 387.179)
=0.03914 / 0.043915
=0.8913

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)
=((2797.548 + 245.077) / 4655.098) / ((2417.579 + 217.284) / 4145.538)
=0.653611 / 0.63559
=1.0284

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
=(111.144 - -2.42 - 235.72) / 4655.098
=-0.026241

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.

Capital Clean Energy Carriers has a M-score of -2.04 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 -2.04 mean?
Capital Clean Energy Carriers (CCEC) has a Beneish M-Score of -2.04 as of Aug. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Capital Clean Energy Carriers and its competitors. According to the industry distribution chart, Capital Clean Energy Carriers ranks #750 out of 969 companies in the Transportation industry, placing it in the top 77.4%.
Is Capital Clean Energy Carriers' Beneish M-Score too high?
Capital Clean Energy Carriers' current Beneish M-Score is -2.04. Based on the distribution chart, Capital Clean Energy Carriers ranks #750 out of 969 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Capital Clean Energy Carriers has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Capital Clean Energy Carriers' Beneish M-Score compare to GSL and SFL?
According to the Transportation industry distribution chart, Capital Clean Energy Carriers ranks #750 out of 969 companies for Beneish M-Score. This places Capital Clean Energy Carriers 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 a Transportation company?
A good Beneish M-Score depends on the Transportation 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 Capital Clean Energy Carriers and its competitors. Capital Clean Energy Carriers's current Beneish M-Score is -2.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Clean Energy Carriers stock overvalued right now?
Based on GuruFocus' analysis, Capital Clean Energy Carriers (CCEC) is currently considered Modestly Overvalued. The stock's GF Value™ is $20.29, compared to a current price of $22.78 — trading 12.3% above its estimated fair value. The current Beneish M-Score is -2.04. Capital Clean Energy Carriers' overall GF Score™ is 79/100 with 11 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 Capital Clean Energy Carriers (CCEC), the current Beneish M-Score is -2.04 as of Aug. 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 Capital Clean Energy Carriers (CCEC) Overvalued in 2026?

Based on GuruFocus' analysis, Capital Clean Energy Carriers stock appears to be overvalued. The current stock price of $22.78 is trading 12.3% above its estimated GF Value™ of $20.29. GuruFocus considers Capital Clean Energy Carriers to be Modestly Overvalued.

Key valuation signals for CCEC:

  • Beneish M-Score: -2.04
  • GF Value™: $20.29 vs. price of $22.78 (12.3% above fair value)
  • GF Score™: 79/100 with 11 warning signs

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


Capital Clean Energy Carriers Business Description

Other Exchanges N1M:Germany
Address 3 Iassonos Street, Piraeus, GRC, 18537
Capital Clean Energy Carriers Corp is an international shipping company. It is the platform of gas carriage solutions with a focus on the energy transition. The company owns 20 high-specification vessels, including 12 latest-generation LNG carriers (LNG/Cs) and eight legacy Neo-Panamax container vessels.
79GF Score

Get the complete analysis for CCEC

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

$22.78
Price
$20.29
GF Value