Reabold Resources (FRA:AWL) Beneish M-Score: 0.00 (As of Jun. 27, 2026)

What is Reabold Resources Beneish M-Score?

Reabold Resources FRA:AWL +0.87% 28 Beneish M-Score is 0.00 as of Jun. 27, 2026. GuruFocus rates FRA:AWL with a GF Score™ of 28/100. The stock has 2 warning signs investors should review. Among 822 Oil & Gas companies, Reabold Resources ranks worse than 121654.38% 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 Reabold Resources's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Reabold Resources was 52.24. The lowest was -3.35. And the median was -0.21.

Reabold Resources Beneish M-Score Related Terms

Reabold Resources Beneish M-Score Historical Data

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The historical data trend for Reabold Resources'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.

Reabold Resources Beneish M-Score Chart

Reabold Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Beneish M-Score

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52.24

-3.35

-3.12

0.00

Reabold Resources Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25
Beneish M-Score	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

FRA:AWL vs COP, EOG, OXY: Beneish M-Score Comparison

For the Oil & Gas E&P subindustry, Reabold Resources'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.

Reabold Resources Beneish M-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Reabold Resources's Beneish M-Score distribution charts can be found below:

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

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28GF Score

Reabold Resources PLC FRA:AWL

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Reabold Resources 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 Reabold Resources for today is based on a combination of the following eight different indices:

-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 *

This Year (Dec24) TTM:

Last Year (Dec23) TTM:

Total Receivables was €0.02 Mil.
Revenue was €0.00 Mil.
Gross Profit was €0.00 Mil.
Total Current Assets was €7.67 Mil.
Total Assets was €47.79 Mil.
Property, Plant and Equipment(Net PPE) was €8.51 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.04 Mil.
Selling, General, & Admin. Expense(SGA) was €2.39 Mil.
Total Current Liabilities was €0.40 Mil.
Long-Term Debt & Capital Lease Obligation was €0.01 Mil.
Net Income was €-4.11 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €-2.74 Mil.

Total Receivables was €0.04 Mil.
Revenue was €0.00 Mil.
Gross Profit was €0.00 Mil.
Total Current Assets was €11.61 Mil.
Total Assets was €50.10 Mil.
Property, Plant and Equipment(Net PPE) was €8.15 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.00 Mil.
Selling, General, & Admin. Expense(SGA) was €2.54 Mil.
Total Current Liabilities was €0.70 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 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)
	=	(0.021 / 0)	/	(0.036 / 0)
	=		/
	=

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)
	=	(0 / 0)	/	(0 / 0)
	=		/
	=

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 - (7.674 + 8.514) / 47.791)	/	(1 - (11.606 + 8.152) / 50.095)
	=	0.661275	/	0.605589
	=

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
	=	0	/	0
	=

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 / (0 + 8.152))	/	(0.04 / (0.04 + 8.514))
	=	0	/	0.004676
	=

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)
	=	(2.391 / 0)	/	(2.536 / 0)
	=		/
	=

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)
	=	((0.008 + 0.396) / 47.791)	/	((0 + 0.698) / 50.095)
	=	0.008453	/	0.013934
	=

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
	=	(-4.105 - 0	-	-2.736)	/	47.791
	=	-0.028646

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.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 0.00 mean?

Reabold Resources (FRA:AWL) has a Beneish M-Score of 0.00 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Reabold Resources and its competitors. According to the industry distribution chart, Reabold Resources ranks #999999 out of 822 companies in the Oil & Gas industry.

Is Reabold Resources' Beneish M-Score too high?

Reabold Resources' current Beneish M-Score is 0.00. Based on the distribution chart, Reabold Resources ranks #999999 out of 822 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Reabold Resources has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.

How does Reabold Resources' Beneish M-Score compare to COP and EOG?

According to the Oil & Gas industry distribution chart, Reabold Resources ranks #999999 out of 822 companies for Beneish M-Score. This places Reabold Resources 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 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 Reabold Resources and its competitors. Reabold Resources'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 Reabold Resources stock overvalued right now?

Reabold Resources (FRA:AWL) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Reabold Resources' overall GF Score™ is 28/100 with 2 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 Reabold Resources (FRA:AWL), the current Beneish M-Score is 0.00 as of Jun. 27, 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.

Reabold Resources Business Description

Industry Energy Oil & Gas

Comparable Companies LSE:PXEN LSE:ORCA LSE:BLOE LSE:QHE LSE:CAD LSE:UOG LSE:TRP AQSE:FNK LSE:GEO LSE:DELT HKSE:00883 COP TSX:CNQ EOG OXY FANG DVN ASX:WDS EQT TPL

Other Exchanges RBD:UK

Address 20 Primrose Street, The Broadgate Tower, 8th Floor, London, GBR, EC2A 2EW

Website https://www.reabold.com

Reabold Resources PLC is an investment company in the natural resources sector. The principal activity of the company is an investment in pre-cash flow upstream oil and gas projects, as the majority interests in unlisted oil and gas companies with non-operating positions on licenses. The company has three business segments namely Onshore UK, Offshore UK, and International.

28GF Score

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

€0.93

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