Sirius Petroleum (LSE:SRSP) Beneish M-Score: 156.81 (As of Jun. 27, 2026) — 490% Above Median

What is Sirius Petroleum Beneish M-Score?

Sirius Petroleum LSE:SRSP Beneish M-Score is 156.81 as of Jun. 27, 2026, which is 490% above its 10-year median of 26.57. The stock has 4 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.

Warning Sign:

Beneish M-Score 156.81 higher than -2.22, which implies that it might have manipulated its financial results.

The historical rank and industry rank for Sirius Petroleum's Beneish M-Score or its related term are showing as below:

LSE:SRSP' s Beneish M-Score Range Over the Past 10 Years
Min: -17.05 Med: 26.57 Max: 156.81
Current: 156.81

During the past 13 years, the highest Beneish M-Score of Sirius Petroleum was 156.81. The lowest was -17.05. And the median was 26.57.

Sirius Petroleum Beneish M-Score Related Terms

Sirius Petroleum Beneish M-Score Historical Data

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The historical data trend for Sirius 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.

Sirius Petroleum Beneish M-Score Chart

Sirius Petroleum Annual Data

Trend

Jul08

Jul09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Beneish M-Score

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-17.05

-12.24

80.16

65.08

156.81

Sirius Petroleum Semi-Annual Data
	Jan08	Jul08	Jan09	Jul09	Jan10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Beneish M-Score	Get a 7-Day Free Trial															0.00	65.08	0.00	156.81	0.00

LSE:SRSP vs WHZT, GSPE: Beneish M-Score Comparison

For the Oil & Gas E&P subindustry, Sirius 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.

Sirius Petroleum Beneish M-Score vs Oil & Gas Industry

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

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

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Sirius 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 Sirius Petroleum for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Dec17) TTM:

Last Year (Dec16) TTM:

Total Receivables was £0.00 Mil.
Revenue was £0.00 Mil.
Gross Profit was £0.00 Mil.
Total Current Assets was £5.99 Mil.
Total Assets was £13.87 Mil.
Property, Plant and Equipment(Net PPE) was £7.88 Mil.
Depreciation, Depletion and Amortization(DDA) was £0.00 Mil.
Selling, General, & Admin. Expense(SGA) was £1.30 Mil.
Total Current Liabilities was £4.90 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Net Income was £-1.69 Mil.
Gross Profit was £0.00 Mil.
Cash Flow from Operations was £-1.73 Mil.

Total Receivables was £0.00 Mil.
Revenue was £0.00 Mil.
Gross Profit was £0.00 Mil.
Total Current Assets was £0.80 Mil.
Total Assets was £4.53 Mil.
Property, Plant and Equipment(Net PPE) was £3.74 Mil.
Depreciation, Depletion and Amortization(DDA) was £0.01 Mil.
Selling, General, & Admin. Expense(SGA) was £1.16 Mil.
Total Current Liabilities was £4.44 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 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 / 0)	/	(0 / 0)
	=		/
	=

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 / 0)	/	(0 / 0)
	=		/
	=

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 - (5.988 + 7.883) / 13.871)	/	(1 - (0.797 + 3.735) / 4.532)
	=	0	/	0
	=

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
	=	0	/	0
	=

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))
	=	(0.005 / (0.005 + 3.735))	/	(0.004 / (0.004 + 7.883))
	=	0.001337	/	0.000507
	=

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)
	=	(1.299 / 0)	/	(1.159 / 0)
	=		/
	=

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 + 4.903) / 13.871)	/	((0 + 4.443) / 4.532)
	=	0.353471	/	0.980362
	=

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
	=	(-1.693 - 0	-	-1.727)	/	13.871
	=	0.002451

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.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 156.81 mean?

Sirius Petroleum (LSE:SRSP) has a Beneish M-Score of 156.81 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sirius Petroleum and its competitors. This is 490% above median its historical median of 26.57.

Is Sirius Petroleum's Beneish M-Score too high?

Sirius Petroleum's current Beneish M-Score of 156.81 is 490% above median its 10-year median of 26.57.

How does Sirius Petroleum's Beneish M-Score compare to WHZT and GSPE?

Sirius Petroleum's Beneish M-Score of 156.81 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 Sirius Petroleum and its competitors. Sirius Petroleum's current Beneish M-Score is 156.81, which is 490% above median its own 10-year median of 26.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Sirius Petroleum stock overvalued right now?

Sirius Petroleum (LSE:SRSP) has a current Beneish M-Score of 156.81. The current Beneish M-Score is 156.81, which is 490% above median its 10-year median of 26.57. 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 Sirius Petroleum (LSE:SRSP), the current Beneish M-Score is 156.81 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.

Sirius Petroleum Business Description

Industry Energy Oil & Gas

Comparable Companies LSE:CAB PHS:OV TSX:PRQ WHZT TSXV:ROE TSX:PPR PHS:OPM WAR:SEN TSXV:AFE LSE:CERP OSL:PEN TSXV:SOG LSE:AST TSXV:POE ASX:STX TSX:CDH LSE:CORO GSPE ASX:CUE TSXV:PQE

Address 25 Bury Street, 1st Floor, London, GBR, SW1Y 6AL

Website http://www.siriuspetroleum.com

Sirius Petroleum PLC is an independent oil development company. It focuses on opportunities in the oil and gas sector with particular emphasis in Nigeria. The company acquires and develops offshore proven oil discoveries in Nigeria that have beneficial indigenous tax regimes. The company has only one operating segment: Oil Extraction and Related Activities.