Venture GlobalFRA:DW3 +3.15%15 Beneish M-Score is -1.80 as of Jun. 27, 2026. GuruFocus rates FRA:DW3 with a GF Score™ of 15/100. The stock has 3 warning signs investors should review. Among 822 Oil & Gas companies, Venture Global ranks worse than 85.64% 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 -1.8 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Venture Global's Beneish M-Score or its related term are showing as below:
FRA:DW3'
s Beneish M-Score Range Over the Past 10 Years
Min: -1.8 Med: -1.32 Max: 0.23
Current: -1.8
During the past 5 years, the highest Beneish M-Score of Venture Global was 0.23. The lowest was -1.80. And the median was -1.32.
Venture Global Beneish M-Score Related Terms
Venture Global Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Venture Global'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:DW3 vs CQP, WES, PAA: Beneish M-Score Comparison
For the Oil & Gas Midstream subindustry, Venture Global'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.
Venture Global Beneish M-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Venture Global's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Venture Global'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 Venture Global 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 * 0.5336
+
0.528 * 1.3808
+
0.404 * 0.808
+
0.892 * 2.218
+
0.115 * 0.6536
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.5141
+
4.679 * -0.062951
-
0.327 * 1.0069
=
-1.95
* 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))
=
(433.834 / (433.834 + 34767.975))
/
(839.3 / (839.3 + 43669.525))
=
0.012324
/
0.018857
=
0.6536
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
=
(2249.967 - -15.524
-
5331.191)
/
48699.5
=
-0.062951
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.
Venture Global has a M-score of -1.95 suggests that the company is unlikely to be a manipulator.
Venture Global (FRA:DW3) has a Beneish M-Score of -1.80 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Venture Global and its competitors. According to the industry distribution chart, Venture Global ranks #704 out of 822 companies in the Oil & Gas industry, placing it in the top 85.6%.
Is Venture Global's Beneish M-Score too high?
Venture Global's current Beneish M-Score is -1.80. Based on the distribution chart, Venture Global ranks #704 out of 822 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Venture Global has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Venture Global's Beneish M-Score compare to CQP and WES?
According to the Oil & Gas industry distribution chart, Venture Global ranks #704 out of 822 companies for Beneish M-Score. This places Venture Global 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 Venture Global and its competitors. Venture Global's current Beneish M-Score is -1.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Venture Global stock overvalued right now?
Venture Global (FRA:DW3) has a current Beneish M-Score of -1.80. The current Beneish M-Score is -1.80. Venture Global's overall GF Score™ is 15/100 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 Venture Global (FRA:DW3), the current Beneish M-Score is -1.80 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.
Venture Global operates two liquefied natural gas production facilities in Louisiana. It has pioneered the use of modular, factory-built equipment, producing high yields. With a substantial development plan, it seeks to become a vertically integrated LNG producer and supplier to end consumers around the world.
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