CTEUY (Centrenergo PJSC) Beneish M-Score: 0.00 (As of Jun. 25, 2026)


CTEUY Centrenergo PJSC CTEUY
56 GF Score
Price $2.55
! 3 Warning Signs
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What is Centrenergo PJSC Beneish M-Score?

Centrenergo PJSC CTEUY 56 Beneish M-Score is 0.00 as of Jun. 25, 2026. GuruFocus rates CTEUY with a GF Score™ of 56/100. The stock has 3 warning signs investors should review. Among 485 Utilities - Regulated companies, Centrenergo PJSC ranks worse than 206185.36% 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 Centrenergo PJSC's Beneish M-Score or its related term are showing as below:

During the past 12 years, the highest Beneish M-Score of Centrenergo PJSC was 1.08. The lowest was -3.73. And the median was -3.17.

Centrenergo PJSC Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Centrenergo PJSC'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.

Centrenergo PJSC Beneish M-Score Chart

Centrenergo PJSC Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.86 -3.47 1.08 -3.73 0.00

Centrenergo PJSC Semi-Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec24 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.86 -3.47 1.08 -3.73 0.00

CTEUY vs NEE, SO, DUK: Beneish M-Score Comparison

For the Utilities - Regulated Electric subindustry, Centrenergo PJSC'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.

Centrenergo PJSC Beneish M-Score vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Centrenergo PJSC's Beneish M-Score distribution charts can be found below:

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


CTEUY
56GF Score
Centrenergo PJSC CTEUY
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Centrenergo PJSC 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 Centrenergo PJSC 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 * 0.9173+0.528 * 0.4064+0.404 * 0.0031+0.892 * 1.7663+0.115 * 10.1298
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7057+4.679 * 0.033414-0.327 * 0.5599
=-1.19

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was $66.7 Mil.
Revenue was $512.3 Mil.
Gross Profit was $120.1 Mil.
Total Current Assets was $222.2 Mil.
Total Assets was $452.7 Mil.
Property, Plant and Equipment(Net PPE) was $230.5 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.3 Mil.
Selling, General, & Admin. Expense(SGA) was $1.4 Mil.
Total Current Liabilities was $353.3 Mil.
Long-Term Debt & Capital Lease Obligation was $0.0 Mil.
Net Income was $90.4 Mil.
Gross Profit was $0.0 Mil.
Cash Flow from Operations was $75.3 Mil.
 Total Receivables was $41.2 Mil.
Revenue was $290.0 Mil.
Gross Profit was $27.6 Mil.
Total Current Assets was $164.8 Mil.
Total Assets was $255.1 Mil.
Property, Plant and Equipment(Net PPE) was $82.7 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.0 Mil.
Selling, General, & Admin. Expense(SGA) was $1.1 Mil.
Total Current Liabilities was $355.6 Mil.
Long-Term Debt & Capital Lease Obligation was $0.0 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)
=(66.711 / 512.294) / (41.172 / 290.033)
=0.13022 / 0.141956
=0.9173

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)
=(27.629 / 290.033) / (120.086 / 512.294)
=0.095262 / 0.234408
=0.4064

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 - (222.158 + 230.459) / 452.659) / (1 - (164.816 + 82.651) / 255.079)
=9.3E-5 / 0.029842
=0.0031

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
=512.294 / 290.033
=1.7663

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))
=(0.999 / (0.999 + 82.651)) / (0.272 / (0.272 + 230.459))
=0.011943 / 0.001179
=10.1298

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)
=(1.355 / 512.294) / (1.087 / 290.033)
=0.002645 / 0.003748
=0.7057

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 + 353.302) / 452.659) / ((0 + 355.582) / 255.079)
=0.780504 / 1.394007
=0.5599

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
=(90.418 - 0 - 75.293) / 452.659
=0.033414

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.

Centrenergo PJSC has a M-score of -1.19 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?
Centrenergo PJSC (CTEUY) has a Beneish M-Score of 0.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Centrenergo PJSC and its competitors. According to the industry distribution chart, Centrenergo PJSC ranks #999999 out of 485 companies in the Utilities - Regulated industry.
Is Centrenergo PJSC's Beneish M-Score too high?
Centrenergo PJSC's current Beneish M-Score is 0.00. Based on the distribution chart, Centrenergo PJSC ranks #999999 out of 485 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Centrenergo PJSC has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Centrenergo PJSC's Beneish M-Score compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Centrenergo PJSC ranks #999999 out of 485 companies for Beneish M-Score. This places Centrenergo PJSC 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 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 Centrenergo PJSC and its competitors. Centrenergo PJSC'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 Centrenergo PJSC stock overvalued right now?
Centrenergo PJSC (CTEUY) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Centrenergo PJSC's overall GF Score™ is 56/100 with 3 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 Centrenergo PJSC (CTEUY), the current Beneish M-Score is 0.00 as of Jun. 25, 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.

Centrenergo PJSC Business Description

Other Exchanges CEEN:Ukraine
Address 120/4, Kyiv, UKR, 03022
Centrenergo PJSC is a power-generating company. The company generates thermal and electric energy. Its power plants provide thermal energy for the heating and hot water supply of the industrial enterprises and household consumers in the towns.
56GF Score

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

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