Empress RoyaltyFRA:53G -2.20%50 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates FRA:53G with a GF Score™ of 50/100 and a GF Value™ of €1.17 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 685 Metals & Mining companies, Empress Royalty ranks worse than 145985.26% 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 Empress Royalty's Beneish M-Score or its related term are showing as below:
During the past 5 years, the highest Beneish M-Score of Empress Royalty was 19.18. The lowest was -2.89. And the median was -1.95.
Empress Royalty Beneish M-Score Related Terms
Empress Royalty Beneish M-Score Historical Data
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The historical data trend for Empress Royalty'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 Other Precious Metals & Mining subindustry, Empress Royalty'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.
Empress Royalty Beneish M-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Empress Royalty's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Empress Royalty'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 Empress Royalty 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 *
+
0.528 *
+
0.404 *
+
0.892 *
+
0.115 *
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 *
+
4.679 *
-
0.327 *
=
* 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))
=
(1.636 / (1.636 + 18.54))
/
(1.902 / (1.902 + 15.424))
=
0.081086
/
0.109777
=
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
=
(8.706 - 2.889
-
-0.312)
/
35.5
=
0.172648
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.
Empress Royalty (FRA:53G) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Empress Royalty and its competitors. According to the industry distribution chart, Empress Royalty ranks #999999 out of 685 companies in the Metals & Mining industry.
Is Empress Royalty's Beneish M-Score too high?
Empress Royalty's current Beneish M-Score is 0.00. Based on the distribution chart, Empress Royalty ranks #999999 out of 685 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Empress Royalty has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Empress Royalty's Beneish M-Score compare to HL?
According to the Metals & Mining industry distribution chart, Empress Royalty ranks #999999 out of 685 companies for Beneish M-Score. This places Empress Royalty 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 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 Empress Royalty and its competitors. Empress Royalty'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 Empress Royalty stock overvalued right now?
Based on GuruFocus' analysis, Empress Royalty (FRA:53G) is currently considered Significantly Undervalued. The stock's GF Value™ is €1.17, compared to a current price of €0.48 — trading 59.1% below its estimated fair value. The current Beneish M-Score is 0.00. Empress Royalty's overall GF Score™ is 50/100 with 1 warning sign 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 Empress Royalty (FRA:53G), the current Beneish M-Score is 0.00 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.
Is Empress Royalty (FRA:53G) Overvalued in 2026?
Based on GuruFocus' analysis, Empress Royalty stock appears to be undervalued.
The current stock price of €0.48 is trading 59.1% below its estimated GF Value™ of €1.17.
GuruFocus considers Empress Royalty to be Significantly Undervalued.
Key valuation signals for FRA:53G:
Beneish M-Score: 0.00
GF Value™: €1.17 vs. price of €0.48 (59.1% below fair value)
No single metric tells the full story. See the FRA:53G stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Empress Royalty Corp is a royalty and streaming creation company. It is engaged in the business of structuring and creating proprietary precious metal royalty and streaming agreements for its portfolio and may acquire certain interests from time to time. The company is focused on small to mid-tier producing or development stage mining companies, where immediate or near-term revenue can be generated, but may also consider earlier stage opportunities. Its revenue is derived from the Tahuehueto and Pinos stream in Mexico, the Sierra Antapite stream in Peru, the Galaxy stream in South Africa, and royalties on gold sales from the Manica gold project in Mozambique. The Company operates in a single segment, the creation and acquisition of royalty and stream interests.
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