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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 -1.87 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Genesis Energy LP's Beneish M-Score or its related term are showing as below:
GEL'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.43 Med: -2.62 Max: -1.31
Current: -1.87
During the past 13 years, the highest Beneish M-Score of Genesis Energy LP was -1.31. The lowest was -3.43. And the median was -2.62.
The historical data trend for Genesis Energy LP'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.
For the Oil & Gas Midstream subindustry, Genesis Energy LP'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.
Genesis Energy LP Beneish M-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Genesis Energy LP's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Genesis Energy LP'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 Genesis Energy LP 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 * 2.0414
+
0.528 * 0.8013
+
0.404 * 0.8732
+
0.892 * 1.1663
+
0.115 * 1.1554
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.7215
+
4.679 * -0.080177
-
0.327 * 1.0794
=
-1.87
* 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))
=
(292.712 / (292.712 + 3584.233))
/
(242.038 / (242.038 + 3461.821))
=
0.075501
/
0.065348
=
1.1554
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
=
(78.735 - 69.195
-
443.518)
/
5412.757
=
-0.080177
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.
Genesis Energy LP has a M-score of -1.87 suggests that the company is unlikely to be a manipulator.
Genesis Energy LP (GEL) has a Beneish M-Score of -1.87 as of Aug. 17, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Genesis Energy LP and its competitors. According to the industry distribution chart, Genesis Energy LP ranks #688 out of 832 companies in the Oil & Gas industry, placing it in the top 82.7%.
Is Genesis Energy LP's Beneish M-Score too high?
Genesis Energy LP's current Beneish M-Score is -1.87. Based on the distribution chart, Genesis Energy LP ranks #688 out of 832 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Genesis Energy LP has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Genesis Energy LP's Beneish M-Score compare to LPG and NGL?
According to the Oil & Gas industry distribution chart, Genesis Energy LP ranks #688 out of 832 companies for Beneish M-Score. This places Genesis Energy LP 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 Genesis Energy LP and its competitors. Genesis Energy LP's current Beneish M-Score is -1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Genesis Energy LP stock overvalued right now?
Based on GuruFocus' analysis, Genesis Energy LP (GEL) is currently considered Modestly Undervalued. The stock's GF Value™ is $17.83, compared to a current price of $16.00 — trading 10.3% below its estimated fair value. The current Beneish M-Score is -1.87. Genesis Energy LP's overall GF Score™ is 60/100 with 10 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 Genesis Energy LP (GEL), the current Beneish M-Score is -1.87 as of Aug. 17, 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 Genesis Energy LP (GEL) Overvalued in 2026?
Based on GuruFocus' analysis, Genesis Energy LP stock appears to be undervalued.
The current stock price of $16.00 is trading 10.3% below its estimated GF Value™ of $17.83.
GuruFocus considers Genesis Energy LP to be Modestly Undervalued.
Key valuation signals for GEL:
Beneish M-Score: -1.87
GF Value™: $17.83 vs. price of $16.00 (10.3% below fair value)
No single metric tells the full story. See the GEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Genesis Energy LP focuses on the midstream segment of the crude oil and natural gas industry. It offers various services to crude oil and natural gas producers, and industrial and commercial enterprises. The company's reportable segments are: Offshore pipeline transportation, Marine transportation, and Onshore transportation and services. Maximum revenue is generated from the Offshore pipeline transportation segment, which includes the transportation and processing of crude oil and natural gas in the Gulf of America. The Marine transportation segment provides waterborne transportation of petroleum products and crude oil throughout North America; and the Onshore transportation and services segment deals with crude oil logistics, sour gas processing, and sells sulfur byproducts.
60GF Score
Get the complete analysis for GEL
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