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 -2.48 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Stanmore Resources's Beneish M-Score or its related term are showing as below:
FRA:S0D'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.27 Med: -2.39 Max: 4.38
Current: -2.48
During the past 13 years, the highest Beneish M-Score of Stanmore Resources was 4.38. The lowest was -3.27. And the median was -2.39.
Stanmore Resources Beneish M-Score Related Terms
Stanmore Resources Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Stanmore 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.
FRA:S0D vs HCC, AMR, METC: Beneish M-Score Comparison
For the Coking Coal subindustry, Stanmore 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.
Stanmore Resources Beneish M-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Stanmore Resources's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Stanmore Resources'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 Stanmore Resources 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 * 1.634
+
0.528 * 1.0036
+
0.404 * 0.9795
+
0.892 * 0.7023
+
0.115 * 0.8494
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0833
+
4.679 * -0.073234
-
0.327 * 0.9288
=
-2.52
* 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))
=
(347.907 / (347.907 + 2385.59))
/
(342.283 / (342.283 + 1941.996))
=
0.127275
/
0.149843
=
0.8494
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
=
(-40.309 - -182.841
-
325.203)
/
2494.363
=
-0.073234
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.
Stanmore Resources has a M-score of -2.52 suggests that the company is unlikely to be a manipulator.
Stanmore Resources (FRA:S0D) has a Beneish M-Score of -2.48 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Stanmore Resources and its competitors. According to the industry distribution chart, Stanmore Resources ranks #310 out of 592 companies in the Steel industry, placing it in the top 52.4%.
Is Stanmore Resources' Beneish M-Score too high?
Stanmore Resources' current Beneish M-Score is -2.48. Based on the distribution chart, Stanmore Resources ranks #310 out of 592 companies in the Steel industry, which is below the industry midpoint. Overall, Stanmore Resources has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Stanmore Resources' Beneish M-Score compare to HCC and AMR?
According to the Steel industry distribution chart, Stanmore Resources ranks #310 out of 592 companies for Beneish M-Score. This places Stanmore 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 a Steel company?
A good Beneish M-Score depends on the Steel 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 Stanmore Resources and its competitors. Stanmore Resources's current Beneish M-Score is -2.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stanmore Resources stock overvalued right now?
Based on GuruFocus' analysis, Stanmore Resources (FRA:S0D) is currently considered Fairly Valued. The stock's GF Value™ is €1.28, compared to a current price of €1.39 — trading 8.6% above its estimated fair value. The current Beneish M-Score is -2.48. Stanmore Resources' overall GF Score™ is 79/100 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 Stanmore Resources (FRA:S0D), the current Beneish M-Score is -2.48 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 Stanmore Resources (FRA:S0D) Overvalued in 2026?
Based on GuruFocus' analysis, Stanmore Resources stock appears to be overvalued.
The current stock price of €1.39 is trading 8.6% above its estimated GF Value™ of €1.28.
GuruFocus considers Stanmore Resources to be Fairly Valued.
Key valuation signals for FRA:S0D:
Beneish M-Score: -2.48
GF Value™: €1.28 vs. price of €1.39 (8.6% above fair value)
No single metric tells the full story. See the FRA:S0D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Stanmore Resources Ltd is an Australian resources company that is engaged in the exploration, development, production, and sale of metallurgical coal in Queensland, Australia with operations and exploration projects in the Bowen and Surat Basins. The company's portfolio of existing operations includes the Isaac Plains Complex in Queensland's Bowen Basin region, South Walker Creek, and the Poitrel open-cut coal mine. It also holds ownership interests in several other exploration projects, such as the Lilyvale project, Mackenzie, Lancewood, the Isaac Downs Extension, the Range, Belview, the Isaac Plains Underground, and the Clifford project. Geographically, the company derives maximum revenue from the sale of metallurgical coal in Asia, followed by Europe and South America.
79GF Score
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