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Kenon HoldingsFRA:76N 70 Beneish M-Score is -2.29 as of Jul. 23, 2026. GuruFocus rates FRA:76N with a GF Score™ of 70/100 and a GF Value™ of €37.22 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 393 Utilities - Independent Power Producers companies, Kenon Holdings ranks worse than 72.01% 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 -2.29 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Kenon Holdings's Beneish M-Score or its related term are showing as below:
FRA:76N'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.92 Med: -2.41 Max: 98.27
Current: -2.29
During the past 13 years, the highest Beneish M-Score of Kenon Holdings was 98.27. The lowest was -3.92. And the median was -2.41.
Kenon Holdings Beneish M-Score Related Terms
Kenon Holdings Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Kenon 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:76N vs HNRG, OKLO, CEG: Beneish M-Score Comparison
For the Utilities - Independent Power Producers subindustry, Kenon 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.
Kenon Holdings Beneish M-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Kenon Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Kenon 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 Kenon 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 * 1.2049
+
0.528 * 1.0574
+
0.404 * 0.6388
+
0.892 * 1.2297
+
0.115 * 2.3216
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0562
+
4.679 * -0.039963
-
0.327 * 1.3426
=
-2.36
* 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))
=
(83.875 / (83.875 + 1198.8))
/
(68.289 / (68.289 + 2356.26))
=
0.065391
/
0.028166
=
2.3216
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
=
(69.709 - 116.92
-
173.888)
/
5532.54
=
-0.039963
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.
Kenon Holdings has a M-score of -2.36 suggests that the company is unlikely to be a manipulator.
Kenon Holdings (FRA:76N) has a Beneish M-Score of -2.29 as of Jul. 23, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kenon Holdings and its competitors. According to the industry distribution chart, Kenon Holdings ranks #283 out of 393 companies in the Utilities - Independent Power Producers industry, placing it in the top 72%.
Is Kenon Holdings' Beneish M-Score too high?
Kenon Holdings' current Beneish M-Score is -2.29. Based on the distribution chart, Kenon Holdings ranks #283 out of 393 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Kenon Holdings has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kenon Holdings' Beneish M-Score compare to HNRG and OKLO?
According to the Utilities - Independent Power Producers industry distribution chart, Kenon Holdings ranks #283 out of 393 companies for Beneish M-Score. This places Kenon Holdings 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 - Independent Power Producers company?
A good Beneish M-Score depends on the Utilities - Independent Power Producers 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 Kenon Holdings and its competitors. Kenon Holdings's current Beneish M-Score is -2.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kenon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kenon Holdings (FRA:76N) is currently considered Significantly Overvalued. The stock's GF Value™ is €37.22, compared to a current price of €57.00 — trading 53.1% above its estimated fair value. The current Beneish M-Score is -2.29. Kenon Holdings' overall GF Score™ is 70/100 with 7 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 Kenon Holdings (FRA:76N), the current Beneish M-Score is -2.29 as of Jul. 23, 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 Kenon Holdings (FRA:76N) Overvalued in 2026?
Based on GuruFocus' analysis, Kenon Holdings stock appears to be overvalued.
The current stock price of €57.00 is trading 53.1% above its estimated GF Value™ of €37.22.
GuruFocus considers Kenon Holdings to be Significantly Overvalued.
Key valuation signals for FRA:76N:
Beneish M-Score: -2.29
GF Value™: €37.22 vs. price of €57.00 (53.1% above fair value)
No single metric tells the full story. See the FRA:76N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kenon Holdings Ltd is a holding company that operates dynamic, growth-oriented businesses. The company's operating segments include: OPC Power Plants, which generates and supplies electricity and energy in Israel; and CPV Group, which generates and supplies electricity and energy in the United States. It generates maximum revenue from the OPC Power Plants segment, which generates and supplies electricity and energy in Israel. CPV Group is a limited partnership owned by OPC, which generates and supplies electricity and energy in the United States. Geographically, the company generates a majority of its revenue from Israel and the rest from the United States.
70GF Score
Get the complete analysis for FRA:76N
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