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CondmagLTS:0GWF Beneish M-Score is 19.70 as of Jul. 17, 2026. The stock has 4 warning signs investors should review. Among 824 Oil & Gas companies, Condmag ranks worse than 98.67% on this metric.
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 19.7 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Condmag's Beneish M-Score or its related term are showing as below:
LTS:0GWF'
s Beneish M-Score Range Over the Past 10 Years
Min: -187.66 Med: -3.59 Max: 29.54
Current: 19.7
During the past 13 years, the highest Beneish M-Score of Condmag was 29.54. The lowest was -187.66. And the median was -3.59.
Condmag Beneish M-Score Related Terms
Condmag Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Condmag'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.
LTS:0GWF vs SLB, BKR, HAL: Beneish M-Score Comparison
For the Oil & Gas Equipment & Services subindustry, Condmag'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.
Condmag Beneish M-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Condmag's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Condmag'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 Condmag 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 * 27.2539
+
0.528 * 0.0853
+
0.404 * 0.4113
+
0.892 * 0.0273
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 6.1
+
4.679 * 0.108487
-
0.327 * 1.054
=
19.70
* 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 / (0 + 0.006))
/
(0.001 / (0.001 + 0))
=
0
/
1
=
1
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
=
(-0.43 - 0
-
-1.514)
/
9.992
=
0.108487
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.
Condmag has a M-score of 19.70 signals that the company is likely to be a manipulator.
Condmag (LTS:0GWF) has a Beneish M-Score of 19.70 as of Jul. 17, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Condmag and its competitors. According to the industry distribution chart, Condmag ranks #813 out of 824 companies in the Oil & Gas industry, placing it in the top 98.7%.
Is Condmag's Beneish M-Score too high?
Condmag's current Beneish M-Score is 19.70. Based on the distribution chart, Condmag ranks #813 out of 824 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers.
How does Condmag's Beneish M-Score compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Condmag ranks #813 out of 824 companies for Beneish M-Score. This places Condmag 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 Condmag and its competitors. Condmag's current Beneish M-Score is 19.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Condmag stock overvalued right now?
Condmag (LTS:0GWF) has a current Beneish M-Score of 19.70. The current Beneish M-Score is 19.70. 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 Condmag (LTS:0GWF), the current Beneish M-Score is 19.70 as of Jul. 17, 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.
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