Iron Bear ResourcesCMULF Beneish M-Score is 43.43 as of Jun. 26, 2026, which is at its 10-year median of 43.43. The stock has 6 warning signs investors should review. Among 685 Metals & Mining companies, Iron Bear Resources ranks worse than 98.54% 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.
Warning Sign:
Beneish M-Score 43.43 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Iron Bear Resources's Beneish M-Score or its related term are showing as below:
CMULF'
s Beneish M-Score Range Over the Past 10 Years
Min: 43.43 Med: 43.43 Max: 43.43
Current: 43.43
During the past 13 years, the highest Beneish M-Score of Iron Bear Resources was 43.43. The lowest was 43.43. And the median was 43.43.
Iron Bear Resources Beneish M-Score Related Terms
Iron Bear Resources Beneish M-Score Historical Data
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The historical data trend for Iron Bear Resources'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.
Iron Bear Resources Beneish M-Score Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Iron Bear Resources'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.
Iron Bear Resources Beneish M-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Iron Bear Resources's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Iron Bear Resources's Beneish M-Score falls into.
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 Iron Bear Resources 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 * 3.502
+
0.528 * 1
+
0.404 * 113.8228
+
0.892 * 0.5385
+
0.115 * 0.0249
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 6.5271
+
4.679 * -0.247386
-
0.327 * 0.1589
=
43.05
* 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.
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.
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))
=
(0.001 / (0.001 + 4.329))
/
(0.005 / (0.005 + 0.533))
=
0.000231
/
0.009294
=
0.0249
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
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
=
(-4.358 - -0.508
-
-1.46)
/
9.661
=
-0.247386
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.
Iron Bear Resources has a M-score of 43.05 signals that the company is likely to be a manipulator.
Iron Bear Resources (CMULF) has a Beneish M-Score of 43.43 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Iron Bear Resources and its competitors. This is near median its historical median of 43.43. Over the past decade, Iron Bear Resources' Beneish M-Score has ranged from 43.43 to 43.43. According to the industry distribution chart, Iron Bear Resources ranks #675 out of 685 companies in the Metals & Mining industry, placing it in the top 98.5%.
Is Iron Bear Resources' Beneish M-Score too high?
Iron Bear Resources' current Beneish M-Score of 43.43 is near median its 10-year median of 43.43. Over the past 10 years, this metric has ranged from a low of 43.43 to a high of 43.43. Based on the distribution chart, Iron Bear Resources ranks #675 out of 685 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Iron Bear Resources' Beneish M-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Iron Bear Resources ranks #675 out of 685 companies for Beneish M-Score. This places Iron Bear Resources in the lower half of its industry. Historically, Iron Bear Resources' own Beneish M-Score has ranged from 43.43 to 43.43 over the past decade. 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 Metals & Mining company?
A good Beneish M-Score depends on the Metals & Mining 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 Iron Bear Resources and its competitors. Iron Bear Resources's current Beneish M-Score is 43.43, which is near median its own 10-year median of 43.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iron Bear Resources stock overvalued right now?
Iron Bear Resources (CMULF) has a current Beneish M-Score of 43.43. The current Beneish M-Score is 43.43, which is near median its 10-year median of 43.43. 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 Iron Bear Resources (CMULF), the current Beneish M-Score is 43.43 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.
Iron Bear Resources Ltd is an Australian-based exploration and development company. It owns and operates the Iron Bear magnetite iron ore project. The Iron Bear Project consists of ten licenses totalling 7,275 ha on 291 graticular Mineral Claims under the applicable Labrador and Newfoundland mining regulation, located near the Provincial border of Newfoundland and Labrador (NL) and Quebec (QC), approximately 30 km northwest of the town of Schefferville, QC and 1,200 km by air northeast of Montreal, QC.
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