EcolomondoECLMF 23 Beneish M-Score is -2.46 as of Jun. 24, 2026. GuruFocus rates ECLMF with a GF Score™ of 23/100. The stock has 3 warning signs investors should review. Among 228 Waste Management companies, Ecolomondo ranks worse than 62.72% 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 -2.46 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Ecolomondo's Beneish M-Score or its related term are showing as below:
ECLMF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.32 Med: -2.06 Max: 24.15
Current: -2.46
During the past 9 years, the highest Beneish M-Score of Ecolomondo was 24.15. The lowest was -3.32. And the median was -2.06.
Ecolomondo Beneish M-Score Related Terms
Ecolomondo Beneish M-Score Historical Data
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The historical data trend for Ecolomondo'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.
For the Waste Management subindustry, Ecolomondo'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.
Ecolomondo Beneish M-Score vs Waste Management Industry
For the Waste Management industry and Industrials sector, Ecolomondo's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Ecolomondo'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 Ecolomondo 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 * 0.6219
+
0.528 * 1
+
0.404 * -0.963
+
0.892 * 2.4606
+
0.115 * 1.925
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.6264
+
4.679 * -0.16033
-
0.327 * 0.9835
=
-2.89
* 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))
=
(0.668 / (0.668 + 35.359))
/
(0.368 / (0.368 + 37.839))
=
0.018542
/
0.009632
=
1.925
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
=
(-1.632 - 2.129
-
2.404)
/
38.452
=
-0.16033
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.
Ecolomondo has a M-score of -2.89 suggests that the company is unlikely to be a manipulator.
Ecolomondo (ECLMF) has a Beneish M-Score of -2.46 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ecolomondo and its competitors. According to the industry distribution chart, Ecolomondo ranks #143 out of 228 companies in the Waste Management industry, placing it in the top 62.7%.
Is Ecolomondo's Beneish M-Score too high?
Ecolomondo's current Beneish M-Score is -2.46. Based on the distribution chart, Ecolomondo ranks #143 out of 228 companies in the Waste Management industry, which is below the industry midpoint. Overall, Ecolomondo has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Ecolomondo's Beneish M-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, Ecolomondo ranks #143 out of 228 companies for Beneish M-Score. This places Ecolomondo 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 Waste Management company?
A good Beneish M-Score depends on the Waste Management 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 Ecolomondo and its competitors. Ecolomondo's current Beneish M-Score is -2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecolomondo stock overvalued right now?
Ecolomondo (ECLMF) has a current Beneish M-Score of -2.46. The current Beneish M-Score is -2.46. Ecolomondo's overall GF Score™ is 23/100 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 Ecolomondo (ECLMF), the current Beneish M-Score is -2.46 as of Jun. 24, 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.
Ecolomondo Corp is a cleantech company focused on the deployment of TDP turnkey facilities using its proprietary Thermal Decomposition Process (TDP), a pyrolysis platform that converts hydrocarbon waste into marketable commodity end-products, namely carbon black substitute, oil, gas, and steel. Geographically, the company generates maximum revenue from its business in Canada, and the rest from the United States. It generates maximum revenue from the sale of carbon oil, followed by TDP oil, steel, and other commodities derived from hydrocarbon waste at its TDP facilities.
23GF Score
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