Hochschild MiningMEX:HOCN 62 Beneish M-Score is -2.17 as of Jun. 25, 2026. GuruFocus rates MEX:HOCN with a GF Score™ of 62/100 and a GF Value™ of MXN108.85 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 685 Metals & Mining companies, Hochschild Mining ranks worse than 55.77% 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.
Good Sign:
Beneish M-Score -2.17 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Hochschild Mining's Beneish M-Score or its related term are showing as below:
MEX:HOCN'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.78 Med: -2.92 Max: -1.99
Current: -2.17
During the past 13 years, the highest Beneish M-Score of Hochschild Mining was -1.99. The lowest was -3.78. And the median was -2.92.
Hochschild Mining Beneish M-Score Related Terms
Hochschild Mining Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Hochschild Mining'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.
For the Other Precious Metals & Mining subindustry, Hochschild Mining'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.
Hochschild Mining Beneish M-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hochschild Mining's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Hochschild Mining'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 Hochschild Mining 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 * 1.5081
+
0.528 * 0.8472
+
0.404 * 1.5947
+
0.892 * 1.0769
+
0.115 * 1.0047
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9337
+
4.679 * -0.102797
-
0.327 * 1.0057
=
-2.26
* 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))
=
(3341.667 / (3341.667 + 25090.679))
/
(3177.862 / (3177.862 + 23987.824))
=
0.11753
/
0.116981
=
1.0047
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
=
(3635.351 - 0
-
7632.94)
/
38888.135
=
-0.102797
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.
Hochschild Mining has a M-score of -2.26 suggests that the company is unlikely to be a manipulator.
Hochschild Mining (MEX:HOCN) has a Beneish M-Score of -2.17 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hochschild Mining and its competitors. According to the industry distribution chart, Hochschild Mining ranks #382 out of 685 companies in the Metals & Mining industry, placing it in the top 55.8%.
Is Hochschild Mining's Beneish M-Score too high?
Hochschild Mining's current Beneish M-Score is -2.17. Based on the distribution chart, Hochschild Mining ranks #382 out of 685 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Hochschild Mining has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hochschild Mining's Beneish M-Score compare to HL?
According to the Metals & Mining industry distribution chart, Hochschild Mining ranks #382 out of 685 companies for Beneish M-Score. This places Hochschild Mining 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 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 Hochschild Mining and its competitors. Hochschild Mining's current Beneish M-Score is -2.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hochschild Mining stock overvalued right now?
Based on GuruFocus' analysis, Hochschild Mining (MEX:HOCN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN108.85, compared to a current price of MXN158.28 — trading 45.4% above its estimated fair value. The current Beneish M-Score is -2.17. Hochschild Mining's overall GF Score™ is 62/100 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 Hochschild Mining (MEX:HOCN), the current Beneish M-Score is -2.17 as of Jun. 25, 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 Hochschild Mining (MEX:HOCN) Overvalued in 2026?
Based on GuruFocus' analysis, Hochschild Mining stock appears to be overvalued.
The current stock price of MXN158.28 is trading 45.4% above its estimated GF Value™ of MXN108.85.
GuruFocus considers Hochschild Mining to be Significantly Overvalued.
Key valuation signals for MEX:HOCN:
Beneish M-Score: -2.17
GF Value™: MXN108.85 vs. price of MXN158.28 (45.4% above fair value)
No single metric tells the full story. See the MEX:HOCN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hochschild Mining PLC is engaged in the mining, processing, and sale of silver and gold. It has one operating mine (Inmaculada) located in southern Peru, one operating mine (San Jose) located in Argentina, and one operating mine (Mara Rosa) located in Brazil. The Group also has a portfolio of projects located across Peru, Argentina, Brazil, and Chile, at various stages of development. Its reportable segments are Inmaculada, San Jose, Mara Rosa, Pallancata, Exploration, and Other. A majority of its revenue is generated from the Inmaculada segment, which generates revenue from the sale of gold and silver (dore). Geographically, the group generates maximum revenue from Canada, followed by Switzerland, the USA, Peru, South Korea, Germany, Japan, and other regions.
62GF Score
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