Toro Energy (FRA:T4W) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


FRA:T4W Toro Energy Ltd FRA:T4W
21 GF Score
Price €0.31
! 1 Warning Sign
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What is Toro Energy Beneish M-Score?

Toro Energy FRA:T4W 21 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates FRA:T4W with a GF Score™ of 21/100. The stock has 1 warning sign investors should review. Among 685 Metals & Mining companies, Toro Energy 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 Toro Energy's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Toro Energy was 0.00. The lowest was 0.00. And the median was 0.00.

Toro Energy Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Toro Energy'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.

Toro Energy Beneish M-Score Chart

Toro Energy Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Toro Energy Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Toro Energy Beneish M-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Toro Energy'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.

Toro Energy Beneish M-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Toro Energy's Beneish M-Score distribution charts can be found below:

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


FRA:T4W
21GF Score
Toro Energy Ltd FRA:T4W
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Toro Energy 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 Toro Energy 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.

This Year (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was €0.05 Mil.
Revenue was €0.00 Mil.
Gross Profit was €0.00 Mil.
Total Current Assets was €3.86 Mil.
Total Assets was €12.60 Mil.
Property, Plant and Equipment(Net PPE) was €8.73 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.05 Mil.
Selling, General, & Admin. Expense(SGA) was €0.59 Mil.
Total Current Liabilities was €0.44 Mil.
Long-Term Debt & Capital Lease Obligation was €0.03 Mil.
Net Income was €-5.44 Mil.
Gross Profit was €0.07 Mil.
Cash Flow from Operations was €-3.40 Mil.
 Total Receivables was €0.11 Mil.
Revenue was €0.00 Mil.
Gross Profit was €0.00 Mil.
Total Current Assets was €8.04 Mil.
Total Assets was €19.42 Mil.
Property, Plant and Equipment(Net PPE) was €11.38 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.04 Mil.
Selling, General, & Admin. Expense(SGA) was €1.22 Mil.
Total Current Liabilities was €0.67 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)
=(0.052 / 0) / (0.113 / 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 - (3.863 + 8.728) / 12.596) / (1 - (8.044 + 11.376) / 19.422)
=0.000397 / 0.000103
=

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))
=(0.041 / (0.041 + 11.376)) / (0.049 / (0.049 + 8.728))
=0.003591 / 0.005583
=

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)
=(0.586 / 0) / (1.216 / 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)
=((0.027 + 0.444) / 12.596) / ((0 + 0.671) / 19.422)
=0.037393 / 0.034548
=

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
=(-5.444 - 0.073 - -3.401) / 12.596
=-0.16799

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?
Toro Energy (FRA:T4W) 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 Toro Energy and its competitors. According to the industry distribution chart, Toro Energy ranks #999999 out of 685 companies in the Metals & Mining industry.
Is Toro Energy's Beneish M-Score too high?
Toro Energy's current Beneish M-Score is 0.00. Based on the distribution chart, Toro Energy ranks #999999 out of 685 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Toro Energy has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Toro Energy's Beneish M-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Toro Energy ranks #999999 out of 685 companies for Beneish M-Score. This places Toro Energy 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 Toro Energy and its competitors. Toro Energy'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 Toro Energy stock overvalued right now?
Toro Energy (FRA:T4W) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Toro Energy's overall GF Score™ is 21/100 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 Toro Energy (FRA:T4W), 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.

Toro Energy Business Description

Other Exchanges TOEYF:USATOE:Australia
Address 60 Havelock Street, West Perth, Perth, WA, AUS, 6005
Toro Energy Ltd is a uranium development and exploration company with projects in Western Australia. Its operating areas are Evaluation and Exploration. The company's Wiluna Uranium Project comprises of Centipede, Millipede, Lake Maitland, and Lake Way deposits, Dawson Hinkler and Nowthann, Thesues project, and other projects.
21GF Score

Get the complete analysis for FRA:T4W

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

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