New HopeNHPEF +1.29%68 Beneish M-Score is -3.16 as of Jun. 25, 2026. GuruFocus rates NHPEF with a GF Score™ of 68/100 and a GF Value™ of $3.08 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 119 Other Energy Sources companies, New Hope ranks better than 79.83% 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 -3.16 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for New Hope's Beneish M-Score or its related term are showing as below:
NHPEF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.6 Med: -2.87 Max: 0.13
Current: -3.16
During the past 13 years, the highest Beneish M-Score of New Hope was 0.13. The lowest was -3.60. And the median was -2.87.
New Hope Beneish M-Score Related Terms
New Hope Beneish M-Score Historical Data
* Premium members only.
The historical data trend for New Hope'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 Thermal Coal subindustry, New Hope'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.
New Hope Beneish M-Score vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, New Hope's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where New Hope'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 New Hope 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 * 0.6899
+
0.528 * 0.8599
+
0.404 * 1.0554
+
0.892 * 0.9716
+
0.115 * 0.5523
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.5982
+
4.679 * -0.053405
-
0.327 * 0.7987
=
-3.18
* 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))
=
(112.123 / (112.123 + 1215.953))
/
(248.091 / (248.091 + 1374.932))
=
0.084425
/
0.152857
=
0.5523
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
=
(287.169 - 37.615
-
373.075)
/
2312.917
=
-0.053405
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.
New Hope has a M-score of -3.18 suggests that the company is unlikely to be a manipulator.
New Hope (NHPEF) has a Beneish M-Score of -3.16 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on New Hope and its competitors. According to the industry distribution chart, New Hope ranks #24 out of 119 companies in the Other Energy Sources industry, placing it in the top 20.2%.
Is New Hope's Beneish M-Score too high?
New Hope's current Beneish M-Score is -3.16. Based on the distribution chart, New Hope ranks #24 out of 119 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, New Hope has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does New Hope's Beneish M-Score compare to competitors?
According to the Other Energy Sources industry distribution chart, New Hope ranks #24 out of 119 companies for Beneish M-Score. This places New Hope in the top 20% of its industry — outperforming the majority of peers. 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 Other Energy Sources company?
A good Beneish M-Score depends on the Other Energy Sources 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 New Hope and its competitors. New Hope's current Beneish M-Score is -3.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Hope stock overvalued right now?
Based on GuruFocus' analysis, New Hope (NHPEF) is currently considered Modestly Overvalued. The stock's GF Value™ is $3.08, compared to a current price of $3.93 — trading 27.6% above its estimated fair value. The current Beneish M-Score is -3.16. New Hope's overall GF Score™ is 68/100 with 10 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 New Hope (NHPEF), the current Beneish M-Score is -3.16 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 New Hope (NHPEF) Overvalued in 2026?
Based on GuruFocus' analysis, New Hope stock appears to be overvalued.
The current stock price of $3.93 is trading 27.6% above its estimated GF Value™ of $3.08.
GuruFocus considers New Hope to be Modestly Overvalued.
Key valuation signals for NHPEF:
Beneish M-Score: -3.16
GF Value™: $3.08 vs. price of $3.93 (27.6% above fair value)
No single metric tells the full story. See the NHPEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Hope Corporation is an Australian thermal coal miner. It has two operating mines: the 100%-owned New Acland coal mine in Queensland and its 80%-owned Bengalla coal mine in New South Wales. The company should sell around 13 million metric tons of thermal coal annually from fiscal 2028, up from around 10.5 million in fiscal 2025, driven by the construction and ramp up of New Acland Stage 3. The vast majority of New Hope's production is sold into seaborne thermal coal export markets. Reserves at New Acland and Bengalla are sufficient to support multidecade mine lives. New Hope also has significant undeveloped coal resources in Queensland, as well as a 23% holding in the Malabar-Maxwell metallurgical coal mine, which began production in 2023.
68GF Score
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