Empresa Siderurgica del PeruA (LIM:SIDERC1) Beneish M-Score: 0.00 (As of Jun. 27, 2026)


What is Empresa Siderurgica del PeruA Beneish M-Score?

Empresa Siderurgica del PeruA LIM:SIDERC1 +0.41% Beneish M-Score is 0.00 as of Jun. 27, 2026.

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 Empresa Siderurgica del PeruA's Beneish M-Score or its related term are showing as below:

During the past 6 years, the highest Beneish M-Score of Empresa Siderurgica del PeruA was 0.00. The lowest was 0.00. And the median was 0.00.

Empresa Siderurgica del PeruA Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Empresa Siderurgica del PeruA'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.

Empresa Siderurgica del PeruA Beneish M-Score Chart

Empresa Siderurgica del PeruA Annual Data
Trend Dec08 Dec09 Dec10 Dec14 Dec15 Dec16
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Empresa Siderurgica del PeruA Semi-Annual Data
Dec08 Dec09 Dec10 Dec14 Dec15 Dec16
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Empresa Siderurgica del PeruA Beneish M-Score Competitor Comparison

For the Steel subindustry, Empresa Siderurgica del PeruA'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.

Empresa Siderurgica del PeruA Beneish M-Score vs Steel Industry

For the Steel industry and Basic Materials sector, Empresa Siderurgica del PeruA's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Empresa Siderurgica del PeruA's Beneish M-Score falls into.


Empresa Siderurgica del PeruA 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 Empresa Siderurgica del PeruA 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 * 0.8494+0.528 * 0.6623+0.404 * 0.923+0.892 * 0.9676+0.115 * 0.9149
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8516+4.679 * -0.152503-0.327 * 0.4686
=-3.38

* 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 (Dec16) TTM:Last Year (Dec15) TTM:
Total Receivables was S/.251 Mil.
Revenue was S/.1,438 Mil.
Gross Profit was S/.170 Mil.
Total Current Assets was S/.684 Mil.
Total Assets was S/.1,384 Mil.
Property, Plant and Equipment(Net PPE) was S/.609 Mil.
Depreciation, Depletion and Amortization(DDA) was S/.58 Mil.
Selling, General, & Admin. Expense(SGA) was S/.21 Mil.
Total Current Liabilities was S/.206 Mil.
Long-Term Debt & Capital Lease Obligation was S/.0 Mil.
Net Income was S/.100 Mil.
Gross Profit was S/.0 Mil.
Cash Flow from Operations was S/.311 Mil.
 Total Receivables was S/.306 Mil.
Revenue was S/.1,486 Mil.
Gross Profit was S/.116 Mil.
Total Current Assets was S/.807 Mil.
Total Assets was S/.1,579 Mil.
Property, Plant and Equipment(Net PPE) was S/.660 Mil.
Depreciation, Depletion and Amortization(DDA) was S/.57 Mil.
Selling, General, & Admin. Expense(SGA) was S/.26 Mil.
Total Current Liabilities was S/.161 Mil.
Long-Term Debt & Capital Lease Obligation was S/.341 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)
=(251.372 / 1437.931) / (305.848 / 1486.08)
=0.174815 / 0.205809
=0.8494

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)
=(116.105 / 1486.08) / (169.625 / 1437.931)
=0.078128 / 0.117965
=0.6623

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 - (683.531 + 609.095) / 1383.923) / (1 - (806.92 + 659.505) / 1579.306)
=0.06597 / 0.071475
=0.923

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
=1437.931 / 1486.08
=0.9676

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))
=(57.448 / (57.448 + 659.505)) / (58.464 / (58.464 + 609.095))
=0.080128 / 0.087579
=0.9149

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)
=(21.288 / 1437.931) / (25.834 / 1486.08)
=0.014805 / 0.017384
=0.8516

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 + 206.118) / 1383.923) / ((341.3 + 160.648) / 1579.306)
=0.148937 / 0.317828
=0.4686

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
=(100.447 - 0 - 311.499) / 1383.923
=-0.152503

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.

Empresa Siderurgica del PeruA has a M-score of -3.38 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Empresa Siderurgica del PeruA (LIM:SIDERC1) has a Beneish M-Score of 0.00 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Empresa Siderurgica del PeruA and its competitors.
Is Empresa Siderurgica del PeruA's Beneish M-Score too high?
Empresa Siderurgica del PeruA's current Beneish M-Score is 0.00.
How does Empresa Siderurgica del PeruA's Beneish M-Score compare to competitors?
Empresa Siderurgica del PeruA's Beneish M-Score of 0.00 can be compared against companies in the Steel 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 Empresa Siderurgica del PeruA and its competitors. Empresa Siderurgica del PeruA'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 Empresa Siderurgica del PeruA stock overvalued right now?
Empresa Siderurgica del PeruA (LIM:SIDERC1) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. 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 Empresa Siderurgica del PeruA (LIM:SIDERC1), the current Beneish M-Score is 0.00 as of Jun. 27, 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.

Empresa Siderurgica del PeruA Business Description

Address Avenue Juan de Arona 151, Tower B, Floor 5, Lima, PER
Empresa Siderurgica del Peru SAA is a steel manufacturing company. The company produces long steel designed for the construction and mining industry. The company provides long, flat, tubular, and road products.