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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 -2.3 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Sociedad Minera El BrocalA's Beneish M-Score or its related term are showing as below:
LIM:BROCALC1'
s Beneish M-Score Range Over the Past 10 Years
Min: -8.32 Med: -3.01 Max: 37.19
Current: -2.3
During the past 13 years, the highest Beneish M-Score of Sociedad Minera El BrocalA was 37.19. The lowest was -8.32. And the median was -3.01.
* 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.
Sociedad Minera El BrocalA Beneish M-Score Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Sociedad Minera El BrocalA'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.
Sociedad Minera El BrocalA Beneish M-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Sociedad Minera El BrocalA's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Sociedad Minera El BrocalA's Beneish M-Score falls into.
Sociedad Minera El BrocalA 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 Sociedad Minera El BrocalA 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 * 1.1894
+
0.528 * 0.6058
+
0.404 * 0.8436
+
0.892 * 1.4568
+
0.115 * 1.4276
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.6412
+
4.679 * -0.035315
-
0.327 * 1.2233
=
-2.30
* 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))
=
(0.311 / (0.311 + 1503.615))
/
(0.23 / (0.23 + 1584.924))
=
0.000207
/
0.000145
=
1.4276
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
=
(654.64 - 0
-
756.732)
/
2890.92
=
-0.035315
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.
Sociedad Minera El BrocalA has a M-score of -2.30 suggests that the company is unlikely to be a manipulator.
Sociedad Minera El BrocalA (LIM:BROCALC1) has a Beneish M-Score of -2.30 as of Aug. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sociedad Minera El BrocalA and its competitors. According to the industry distribution chart, Sociedad Minera El BrocalA ranks #334 out of 677 companies in the Metals & Mining industry, placing it in the top 49.3%.
Is Sociedad Minera El BrocalA's Beneish M-Score too high?
Sociedad Minera El BrocalA's current Beneish M-Score is -2.30. Based on the distribution chart, Sociedad Minera El BrocalA ranks #334 out of 677 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Sociedad Minera El BrocalA has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sociedad Minera El BrocalA's Beneish M-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Sociedad Minera El BrocalA ranks #334 out of 677 companies for Beneish M-Score. This puts Sociedad Minera El BrocalA in the upper 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 Sociedad Minera El BrocalA and its competitors. Sociedad Minera El BrocalA's current Beneish M-Score is -2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sociedad Minera El BrocalA stock overvalued right now?
Based on GuruFocus' analysis, Sociedad Minera El BrocalA (LIM:BROCALC1) is currently considered Significantly Overvalued. The stock's GF Value™ is S/.15.48, compared to a current price of S/.21.50 — trading 38.9% above its estimated fair value. The current Beneish M-Score is -2.30. Sociedad Minera El BrocalA's overall GF Score™ is 55/100 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 Sociedad Minera El BrocalA (LIM:BROCALC1), the current Beneish M-Score is -2.30 as of Aug. 01, 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 Sociedad Minera El BrocalA (LIM:BROCALC1) Overvalued in 2026?
Based on GuruFocus' analysis, Sociedad Minera El BrocalA stock appears to be overvalued.
The current stock price of S/.21.50 is trading 38.9% above its estimated GF Value™ of S/.15.48.
GuruFocus considers Sociedad Minera El BrocalA to be Significantly Overvalued.
Key valuation signals for LIM:BROCALC1:
Beneish M-Score: -2.30
GF Value™: S/.15.48 vs. price of S/.21.50 (38.9% above fair value)
No single metric tells the full story. See the LIM:BROCALC1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sociedad Minera El Brocal SAA is a mining company, dedicated to the extraction, concentration, and commercialization of polymetallic minerals. It predominantly explores silver, lead, zinc, and copper. It exploits two contiguous mines: North Tajo, an open pit operation that produces silver, leads, and zinc minerals; and Marcapunta-Norte, an underground mine producing copper minerals. The company carries out its operations at the Colquijirca Mining Units and the Huaraucaca Concentrator Plant located in the district of Tinyahuarco, Peru. Geographically, it generates maximum revenue from Peru and the rest from Asia and Europe.
55GF Score
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