Magnolia Petroleum (LSE:MAGP) Beneish M-Score: -2.01 (As of Jun. 24, 2026)


What is Magnolia Petroleum Beneish M-Score?

Magnolia Petroleum LSE:MAGP +50.00% Beneish M-Score is -2.01 as of Jun. 24, 2026. The stock has 6 warning signs investors should review.

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 Magnolia Petroleum's Beneish M-Score or its related term are showing as below:

LSE:MAGP' s Beneish M-Score Range Over the Past 10 Years
Min: -8.35   Med: -1.89   Max: 0.01
Current: -2.01

During the past 9 years, the highest Beneish M-Score of Magnolia Petroleum was 0.01. The lowest was -8.35. And the median was -1.89.

Magnolia Petroleum Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Magnolia Petroleum'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.

Magnolia Petroleum Beneish M-Score Chart

Magnolia Petroleum Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only 0.10 -0.73 -2.77 -8.37 -2.01

Magnolia Petroleum Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -8.37 0.00 -2.01 0.00

LSE:MAGP vs VNRRQ, GBEYF, STSC: Beneish M-Score Comparison

For the Oil & Gas E&P subindustry, Magnolia Petroleum'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.

Magnolia Petroleum Beneish M-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Magnolia Petroleum's Beneish M-Score distribution charts can be found below:

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


Magnolia Petroleum 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 Magnolia Petroleum 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 * 2.7229+0.528 * 0.8081+0.404 * 1.3326+0.892 * 0.7669+0.115 * 0.9149
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8548+4.679 * -0.157494-0.327 * 1.3237
=-1.90

* 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 £0.36 Mil.
Revenue was £1.02 Mil.
Gross Profit was £-0.50 Mil.
Total Current Assets was £0.68 Mil.
Total Assets was £5.65 Mil.
Property, Plant and Equipment(Net PPE) was £3.62 Mil.
Depreciation, Depletion and Amortization(DDA) was £0.86 Mil.
Selling, General, & Admin. Expense(SGA) was £0.12 Mil.
Total Current Liabilities was £3.15 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Net Income was £-1.24 Mil.
Gross Profit was £0.00 Mil.
Cash Flow from Operations was £-0.35 Mil.
 Total Receivables was £0.17 Mil.
Revenue was £1.33 Mil.
Gross Profit was £-0.53 Mil.
Total Current Assets was £0.73 Mil.
Total Assets was £6.82 Mil.
Property, Plant and Equipment(Net PPE) was £4.87 Mil.
Depreciation, Depletion and Amortization(DDA) was £1.04 Mil.
Selling, General, & Admin. Expense(SGA) was £0.18 Mil.
Total Current Liabilities was £0.76 Mil.
Long-Term Debt & Capital Lease Obligation was £2.11 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)
=(0.355 / 1.02) / (0.17 / 1.33)
=0.348039 / 0.12782
=2.7229

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)
=(-0.53 / 1.33) / (-0.503 / 1.02)
=-0.398496 / -0.493137
=0.8081

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 - (0.682 + 3.619) / 5.651) / (1 - (0.727 + 4.872) / 6.822)
=0.238896 / 0.179273
=1.3326

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
=1.02 / 1.33
=0.7669

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))
=(1.037 / (1.037 + 4.872)) / (0.859 / (0.859 + 3.619))
=0.175495 / 0.191827
=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)
=(0.118 / 1.02) / (0.18 / 1.33)
=0.115686 / 0.135338
=0.8548

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 + 3.147) / 5.651) / ((2.108 + 0.762) / 6.822)
=0.556893 / 0.420698
=1.3237

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
=(-1.242 - 0 - -0.352) / 5.651
=-0.157494

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.

Magnolia Petroleum has a M-score of -1.90 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 -2.01 mean?
Magnolia Petroleum (LSE:MAGP) has a Beneish M-Score of -2.01 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Magnolia Petroleum and its competitors.
Is Magnolia Petroleum's Beneish M-Score too high?
Magnolia Petroleum's current Beneish M-Score is -2.01.
How does Magnolia Petroleum's Beneish M-Score compare to VNRRQ and GBEYF?
Magnolia Petroleum's Beneish M-Score of -2.01 can be compared against companies in the Oil & Gas 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 Magnolia Petroleum and its competitors. Magnolia Petroleum's current Beneish M-Score is -2.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnolia Petroleum stock overvalued right now?
Magnolia Petroleum (LSE:MAGP) has a current Beneish M-Score of -2.01. The current Beneish M-Score is -2.01. 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 Magnolia Petroleum (LSE:MAGP), the current Beneish M-Score is -2.01 as of Jun. 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.

Magnolia Petroleum Business Description

Industry EnergyOil & Gas
Address 19-21 Crawford Street, Suite 321, London, GBR, W1H 1PJ
Magnolia Petroleum PLC is an oil and gas production company. The company focuses on the acquisition, exploitation, and development of oil and gas properties located onshore in the United States. It has a diverse portfolio of revenue-generating assets including leases on the highly productive Bakken/Three Forks Sanish Formation in North Dakota and the proven Mississippi Lime and Woodford/Hunton oil formations in Oklahoma. It operates in two geographical areas, the United Kingdom and the United States of America.