Oman Refreshment CoOGMUS:ORCI 54 Beneish M-Score is -2.53 as of Jun. 27, 2026. GuruFocus rates MUS:ORCI with a GF Score™ of 54/100 and a GF Value™ of ر.ع0.87 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 109 Beverages - Non-Alcoholic companies, Oman Refreshment CoOG ranks better than 50.46% 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 -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Oman Refreshment CoOG's Beneish M-Score or its related term are showing as below:
MUS:ORCI'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.99 Med: -2.54 Max: -1.59
Current: -2.53
During the past 13 years, the highest Beneish M-Score of Oman Refreshment CoOG was -1.59. The lowest was -2.99. And the median was -2.54.
Oman Refreshment CoOG Beneish M-Score Related Terms
Oman Refreshment CoOG Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Oman Refreshment CoOG'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.
MUS:ORCI vs KO, PEP, MNST: Beneish M-Score Comparison
For the Beverages - Non-Alcoholic subindustry, Oman Refreshment CoOG'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.
Oman Refreshment CoOG Beneish M-Score vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Oman Refreshment CoOG's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Oman Refreshment CoOG'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 Oman Refreshment CoOG 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 * 1.66
+
0.528 * 1.0816
+
0.404 * 1.1745
+
0.892 * 0.655
+
0.115 * 0.8699
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.5856
+
4.679 * -0.078546
-
0.327 * 0.9478
=
-2.53
* 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))
=
(4.863 / (4.863 + 58.868))
/
(5.503 / (5.503 + 57.235))
=
0.076305
/
0.087714
=
0.8699
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
=
(-2.775 - 0
-
5.692)
/
107.797
=
-0.078546
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.
Oman Refreshment CoOG has a M-score of -2.53 suggests that the company is unlikely to be a manipulator.
Oman Refreshment CoOG (MUS:ORCI) has a Beneish M-Score of -2.53 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Oman Refreshment CoOG and its competitors. According to the industry distribution chart, Oman Refreshment CoOG ranks #54 out of 109 companies in the Beverages - Non-Alcoholic industry, placing it in the top 49.5%.
Is Oman Refreshment CoOG's Beneish M-Score too high?
Oman Refreshment CoOG's current Beneish M-Score is -2.53. Based on the distribution chart, Oman Refreshment CoOG ranks #54 out of 109 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, Oman Refreshment CoOG has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oman Refreshment CoOG's Beneish M-Score compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Oman Refreshment CoOG ranks #54 out of 109 companies for Beneish M-Score. This puts Oman Refreshment CoOG 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 Beverages - Non-Alcoholic company?
A good Beneish M-Score depends on the Beverages - Non-Alcoholic 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 Oman Refreshment CoOG and its competitors. Oman Refreshment CoOG's current Beneish M-Score is -2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oman Refreshment CoOG stock overvalued right now?
Based on GuruFocus' analysis, Oman Refreshment CoOG (MUS:ORCI) is currently considered Significantly Overvalued. The stock's GF Value™ is ر.ع0.87, compared to a current price of ر.ع1.20 — trading 37.9% above its estimated fair value. The current Beneish M-Score is -2.53. Oman Refreshment CoOG's overall GF Score™ is 54/100 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 Oman Refreshment CoOG (MUS:ORCI), the current Beneish M-Score is -2.53 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.
Is Oman Refreshment CoOG (MUS:ORCI) Overvalued in 2026?
Based on GuruFocus' analysis, Oman Refreshment CoOG stock appears to be overvalued.
The current stock price of ر.ع1.20 is trading 37.9% above its estimated GF Value™ of ر.ع0.87.
GuruFocus considers Oman Refreshment CoOG to be Significantly Overvalued.
Key valuation signals for MUS:ORCI:
Beneish M-Score: -2.53
GF Value™: ر.ع0.87 vs. price of ر.ع1.20 (37.9% above fair value)
No single metric tells the full story. See the MUS:ORCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oman Refreshment Co SAOG is engaged in the business of filling and distributing soft drinks, water, and juices, as well as trading in consumer-packaged goods. The company holds franchise rights to produce, fill, and distribute the PepsiCo range of soft drinks and Aquafina water. Additionally, it is involved in trading in new edge beverages, Lays range of snacks, Quaker range of Oat products, Eurocake and EDITA bakery products, Froneri ice cream range (Nestle, Mondelez) of products, and Dairy and Chilled range (Balade, Barada) of products, and certain Frozen food products throughout the Sultanate of Oman. Further, it also produces and distributes juices under its own brand name, Topfruit. The majority of the company's revenue is generated from the sale of carbonated soft drinks.
54GF Score
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