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MIE HoldingsFRA:19MA Beneish M-Score is -5.91 as of Aug. 22, 2026. The stock has 6 warning signs investors should review. Among 830 Oil & Gas companies, MIE Holdings ranks better than 97.71% 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 -5.91 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for MIE Holdings's Beneish M-Score or its related term are showing as below:
FRA:19MA'
s Beneish M-Score Range Over the Past 10 Years
Min: -6.41 Med: -4.19 Max: 1.34
Current: -5.91
During the past 13 years, the highest Beneish M-Score of MIE Holdings was 1.34. The lowest was -6.41. And the median was -4.19.
The historical data trend for MIE Holdings'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.
FRA:19MA vs COP, EOG, FANG: Beneish M-Score Comparison
For the Oil & Gas E&P subindustry, MIE Holdings'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.
MIE Holdings Beneish M-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, MIE Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where MIE Holdings'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 MIE Holdings 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 * 1.0949
+
0.528 * 1.7802
+
0.404 * 1.8471
+
0.892 * 0.7276
+
0.115 * 0.7146
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.846002
-
0.327 * 1.356
=
-5.99
* 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))
=
(47.573 / (47.573 + 128.378))
/
(40.911 / (40.911 + 67.215))
=
0.270376
/
0.378364
=
0.7146
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
=
(-60.982 - 0
-
46.209)
/
126.703
=
-0.846002
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.
MIE Holdings has a M-score of -5.99 suggests that the company is unlikely to be a manipulator.
MIE Holdings (FRA:19MA) has a Beneish M-Score of -5.91 as of Aug. 22, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on MIE Holdings and its competitors. According to the industry distribution chart, MIE Holdings ranks #19 out of 830 companies in the Oil & Gas industry, placing it in the top 2.3%.
Is MIE Holdings' Beneish M-Score too high?
MIE Holdings' current Beneish M-Score is -5.91. Based on the distribution chart, MIE Holdings ranks #19 out of 830 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers.
How does MIE Holdings' Beneish M-Score compare to COP and EOG?
According to the Oil & Gas industry distribution chart, MIE Holdings ranks #19 out of 830 companies for Beneish M-Score. This places MIE Holdings in the top 2% of its industry — outperforming the majority of peers. 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 MIE Holdings and its competitors. MIE Holdings's current Beneish M-Score is -5.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIE Holdings stock overvalued right now?
MIE Holdings (FRA:19MA) has a current Beneish M-Score of -5.91. The current Beneish M-Score is -5.91. 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 MIE Holdings (FRA:19MA), the current Beneish M-Score is -5.91 as of Aug. 22, 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.
MIE Holdings Corp is investment holding. The principal business of the company is to engage in the exploration, development, production and sale of crude oil and other petroleum products under Daan Oilfield production sharing contracts located in northeast China. The company has only one segment, which is principally engaged in the exploration, development, production and sale of oil under PSC in the PRC. All of the group's revenue is derived from the PRC.
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