Rosseti Ural PJSC (MIC:MRKU) Beneish M-Score: 0.00 (As of Jul. 12, 2026)


MIC:MRKU Rosseti Ural PJSC MIC:MRKU
46 GF Score
Price ₽0.48
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What is Rosseti Ural PJSC Beneish M-Score?

Rosseti Ural PJSC MIC:MRKU -2.30% 46 Beneish M-Score is 0.00 as of Jul. 12, 2026. GuruFocus rates MIC:MRKU with a GF Score™ of 46/100.

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 Rosseti Ural PJSC's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Rosseti Ural PJSC was 0.00. The lowest was 0.00. And the median was 0.00.


Rosseti Ural PJSC Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Rosseti Ural PJSC'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.

Rosseti Ural PJSC Beneish M-Score Chart

Rosseti Ural PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -2.44 -3.04 -2.81 -2.79

Rosseti Ural PJSC Quarterly Data
Sep18 Dec18 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.03 -2.79 -2.79 -2.66 -2.55

MIC:MRKU vs NEE, SO, DUK: Beneish M-Score Comparison

For the Utilities - Regulated Electric subindustry, Rosseti Ural PJSC'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.


Rosseti Ural PJSC Beneish M-Score vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Rosseti Ural PJSC's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Rosseti Ural PJSC's Beneish M-Score falls into.


MIC:MRKU
46GF Score
Rosseti Ural PJSC MIC:MRKU
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Rosseti Ural PJSC 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 Rosseti Ural PJSC 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 * 1.0057+0.528 * 0.875+0.404 * 1.5414+0.892 * 1.1988+0.115 * 1.0993
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1317+4.679 * -0.09482-0.327 * 0.8571
=-2.55

* 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 (Sep23) TTM:Last Year (Sep22) TTM:
Total Receivables was ₽8,606 Mil.
Revenue was 28135.314 + 27878.671 + 32749.329 + 30145.586 = ₽118,909 Mil.
Gross Profit was 11063.267 + 11282.036 + 13037.345 + 10942.069 = ₽46,325 Mil.
Total Current Assets was ₽15,677 Mil.
Total Assets was ₽114,673 Mil.
Property, Plant and Equipment(Net PPE) was ₽89,517 Mil.
Depreciation, Depletion and Amortization(DDA) was ₽8,192 Mil.
Selling, General, & Admin. Expense(SGA) was ₽220 Mil.
Total Current Liabilities was ₽23,569 Mil.
Long-Term Debt & Capital Lease Obligation was ₽13,903 Mil.
Net Income was 2851.589 + 3896.543 + 4679.083 + 231.691 = ₽11,659 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₽0 Mil.
Cash Flow from Operations was 6504.981 + 2814.129 + 8546.27 + 4666.798 = ₽22,532 Mil.
Total Receivables was ₽7,138 Mil.
Revenue was 23256.242 + 22864.362 + 26701.206 + 26368.903 = ₽99,191 Mil.
Gross Profit was 8118.281 + 8228.209 + 8824.417 + 8642.626 = ₽33,814 Mil.
Total Current Assets was ₽12,304 Mil.
Total Assets was ₽100,415 Mil.
Property, Plant and Equipment(Net PPE) was ₽82,726 Mil.
Depreciation, Depletion and Amortization(DDA) was ₽8,399 Mil.
Selling, General, & Admin. Expense(SGA) was ₽162 Mil.
Total Current Liabilities was ₽29,726 Mil.
Long-Term Debt & Capital Lease Obligation was ₽8,559 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)
=(8606.009 / 118908.9) / (7138.479 / 99190.713)
=0.072375 / 0.071967
=1.0057

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)
=(33813.533 / 99190.713) / (46324.717 / 118908.9)
=0.340894 / 0.389582
=0.875

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 - (15676.734 + 89516.983) / 114673.199) / (1 - (12303.994 + 82725.671) / 100414.856)
=0.082665 / 0.053629
=1.5414

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
=118908.9 / 99190.713
=1.1988

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))
=(8398.595 / (8398.595 + 82725.671)) / (8191.644 / (8191.644 + 89516.983))
=0.092166 / 0.083837
=1.0993

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)
=(219.763 / 118908.9) / (161.95 / 99190.713)
=0.001848 / 0.001633
=1.1317

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)
=((13902.859 + 23568.846) / 114673.199) / ((8559.441 + 29725.912) / 100414.856)
=0.32677 / 0.381272
=0.8571

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
=(11658.906 - 0 - 22532.178) / 114673.199
=-0.09482

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.

Rosseti Ural PJSC has a M-score of -2.55 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?
Rosseti Ural PJSC (MIC:MRKU) has a Beneish M-Score of 0.00 as of Jul. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Rosseti Ural PJSC and its competitors.
Is Rosseti Ural PJSC's Beneish M-Score too high?
Rosseti Ural PJSC's current Beneish M-Score is 0.00. Overall, Rosseti Ural PJSC has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Rosseti Ural PJSC's Beneish M-Score compare to NEE and SO?
Rosseti Ural PJSC's Beneish M-Score of 0.00 can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Beneish M-Score depends on the Utilities - Regulated 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 Rosseti Ural PJSC and its competitors. Rosseti Ural PJSC'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 Rosseti Ural PJSC stock overvalued right now?
Rosseti Ural PJSC (MIC:MRKU) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Rosseti Ural PJSC's overall GF Score™ is 46/100. 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 Rosseti Ural PJSC (MIC:MRKU), the current Beneish M-Score is 0.00 as of Jul. 12, 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.

Rosseti Ural PJSC Business Description

Address 140, Mamina-Sibiryaka Street, Ekaterinburg, RUS, 620026
Rosseti Ural PJSC is an electric grid company based in Russia. The principal business activities comprise transmission and distribution of electric energy, testing of power equipment, and safety control. In addition, the company is involved in the maintenance, diagnostics, and repair of power lines, measurement and metering devices, relay, and stability control schemes.
46GF Score

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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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