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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.
Warning Sign:
Beneish M-Score 0.35 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for CHK Oil's Beneish M-Score or its related term are showing as below:
HKSE:00632'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.86 Med: -0.75 Max: 9.92
Current: 0.35
During the past 13 years, the highest Beneish M-Score of CHK Oil was 9.92. The lowest was -3.86. And the median was -0.75.
CHK Oil Beneish M-Score Related Terms
CHK Oil Beneish M-Score Historical Data
* Premium members only.
The historical data trend for CHK Oil'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.
HKSE:00632 vs COP, EOG, FANG: Beneish M-Score Comparison
For the Oil & Gas E&P subindustry, CHK Oil'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.
CHK Oil Beneish M-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CHK Oil's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where CHK Oil'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 CHK Oil 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 * 3.5134
+
0.528 * 2.2901
+
0.404 * 0.8334
+
0.892 * 0.384
+
0.115 * 1.3401
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 2.0104
+
4.679 * 0.132738
-
0.327 * 1.0991
=
0.35
* 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))
=
(1.96 / (1.96 + 173.259))
/
(1.902 / (1.902 + 225.958))
=
0.011186
/
0.008347
=
1.3401
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
=
(16.232 - 0
-
-29.155)
/
341.929
=
0.132738
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.
CHK Oil has a M-score of 0.35 signals that the company is likely to be a manipulator.
CHK Oil (HKSE:00632) has a Beneish M-Score of 0.35 as of Jul. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on CHK Oil and its competitors. According to the industry distribution chart, CHK Oil ranks #778 out of 822 companies in the Oil & Gas industry, placing it in the top 94.6%.
Is CHK Oil's Beneish M-Score too high?
CHK Oil's current Beneish M-Score is 0.35. Based on the distribution chart, CHK Oil ranks #778 out of 822 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, CHK Oil has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CHK Oil's Beneish M-Score compare to COP and EOG?
According to the Oil & Gas industry distribution chart, CHK Oil ranks #778 out of 822 companies for Beneish M-Score. This places CHK Oil 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 CHK Oil and its competitors. CHK Oil's current Beneish M-Score is 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CHK Oil stock overvalued right now?
Based on GuruFocus' analysis, CHK Oil (HKSE:00632) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.11, compared to a current price of HK$0.19 — trading 74.5% above its estimated fair value. The current Beneish M-Score is 0.35. CHK Oil's overall GF Score™ is 32/100 with 8 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 CHK Oil (HKSE:00632), the current Beneish M-Score is 0.35 as of Jul. 24, 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 CHK Oil (HKSE:00632) Overvalued in 2026?
Based on GuruFocus' analysis, CHK Oil stock appears to be overvalued.
The current stock price of HK$0.19 is trading 74.5% above its estimated GF Value™ of HK$0.11.
GuruFocus considers CHK Oil to be Significantly Overvalued.
Key valuation signals for HKSE:00632:
Beneish M-Score: 0.35
GF Value™: HK$0.11 vs. price of HK$0.19 (74.5% above fair value)
No single metric tells the full story. See the HKSE:00632 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CHK Oil Ltd is an investment holding company. Along with its subsidiaries, it is engaged in the exploration, development, production, and sales of natural gas and oil through the exploitation of its wholly owned interest in the Utah Gas and Oil Field project in the United States. Additionally, the Group is also involved in the local trade of oil and oil-related products such as crude oil, fuel oil, lubricants, and other oil-related products within China. Its operating segments are: trading of oil and oil-related and other products, which derive maximum revenue; and oil and gas sales. Geographically, the Group generates maximum revenue from the People's Republic of China, followed by the United States of America and Hong Kong.
32GF Score
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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