Metro MiningMMILF +4.62%52 Beneish M-Score is -2.71 as of Jun. 24, 2026. GuruFocus rates MMILF with a GF Score™ of 52/100 and a GF Value™ of $0.82 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 685 Metals & Mining companies, Metro Mining ranks better than 70.95% 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 -2.71 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Metro Mining's Beneish M-Score or its related term are showing as below:
MMILF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.42 Med: -2.47 Max: 48.55
Current: -2.71
During the past 13 years, the highest Beneish M-Score of Metro Mining was 48.55. The lowest was -3.42. And the median was -2.47.
Metro Mining Beneish M-Score Related Terms
Metro Mining Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Metro 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.
Metro Mining Beneish M-Score Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Metro 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.
Metro Mining Beneish M-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Metro Mining's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Metro 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 Metro 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 * 0.6755
+
0.528 * 0.7019
+
0.404 * 1.2928
+
0.892 * 1.2916
+
0.115 * 0.9773
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.3182
+
4.679 * -0.04031
-
0.327 * 0.5532
=
-2.66
* 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))
=
(11.417 / (11.417 + 92.158))
/
(16.259 / (16.259 + 127.899))
=
0.110229
/
0.112786
=
0.9773
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
=
(94.574 - 54.383
-
49.87)
/
240.114
=
-0.04031
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.
Metro Mining has a M-score of -2.66 suggests that the company is unlikely to be a manipulator.
Metro Mining (MMILF) has a Beneish M-Score of -2.71 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Metro Mining and its competitors. According to the industry distribution chart, Metro Mining ranks #199 out of 685 companies in the Metals & Mining industry, placing it in the top 29.1%.
Is Metro Mining's Beneish M-Score too high?
Metro Mining's current Beneish M-Score is -2.71. Based on the distribution chart, Metro Mining ranks #199 out of 685 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Metro Mining has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Metro Mining's Beneish M-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Metro Mining ranks #199 out of 685 companies for Beneish M-Score. This puts Metro Mining in the upper 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 Metro Mining and its competitors. Metro Mining's current Beneish M-Score is -2.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metro Mining stock overvalued right now?
Based on GuruFocus' analysis, Metro Mining (MMILF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.82, compared to a current price of $1.15 — trading 40.3% above its estimated fair value. The current Beneish M-Score is -2.71. Metro Mining's overall GF Score™ is 52/100 with 5 warning signs 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 Metro Mining (MMILF), the current Beneish M-Score is -2.71 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.
Is Metro Mining (MMILF) Overvalued in 2026?
Based on GuruFocus' analysis, Metro Mining stock appears to be overvalued.
The current stock price of $1.15 is trading 40.3% above its estimated GF Value™ of $0.82.
GuruFocus considers Metro Mining to be Significantly Overvalued.
Key valuation signals for MMILF:
Beneish M-Score: -2.71
GF Value™: $0.82 vs. price of $1.15 (40.3% above fair value)
No single metric tells the full story. See the MMILF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Metro Mining Ltd is an Australian exploration and mining company based in Brisbane, Queensland. Its flagship project is the Bauxite Hills Mine. The principal activities of the Group are the exploration, mining, and sale of bauxite, and the brownfield expansion of the Bauxite Hills Mine. The Group's customers are located in one geographic area, China, with all of the revenue from the sales of bauxite derived from that area. The company has one reportable segment, being the production and sale of bauxite from the Group's Bauxite Hills Mine in Queensland.
52GF Score
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