NVPTF (Navitas Petroleum LP) Beneish M-Score: 5.80 (As of Jul. 09, 2026)

What is Navitas Petroleum LP Beneish M-Score?

Navitas Petroleum LP NVPTF +1.39% 51 Beneish M-Score is 5.80 as of Jul. 09, 2026. GuruFocus rates NVPTF with a GF Score™ of 51/100 and a GF Value™ of $75.29 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 822 Oil & Gas companies, Navitas Petroleum LP ranks worse than 97.57% 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.

Warning Sign:

Beneish M-Score 5.8 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Navitas Petroleum LP's Beneish M-Score or its related term are showing as below:

NVPTF' s Beneish M-Score Range Over the Past 10 Years
Min: -3.12 Med: -0.44 Max: 19.15
Current: 5.8

During the past 12 years, the highest Beneish M-Score of Navitas Petroleum LP was 19.15. The lowest was -3.12. And the median was -0.44.

Navitas Petroleum LP Beneish M-Score Related Terms

Navitas Petroleum LP Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Navitas Petroleum LP'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.

Navitas Petroleum LP Beneish M-Score Chart

Navitas Petroleum LP Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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9.56

-2.48

-2.56

-1.45

2.06

Navitas Petroleum LP Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															-2.69	-2.45	0.57	2.06	5.80

NVPTF vs COP, EOG, FANG: Beneish M-Score Comparison

For the Oil & Gas E&P subindustry, Navitas Petroleum LP'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.

Navitas Petroleum LP Beneish M-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Navitas Petroleum LP's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Navitas Petroleum LP's Beneish M-Score falls into.

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51GF Score

Navitas Petroleum LP NVPTF

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Navitas Petroleum LP 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 Navitas Petroleum LP for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.4629

0.528 * 0.7429

0.404 * 7.374

0.892 * 7.2288

0.115 * 0.1266

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.3076

4.679 * -0.027955

0.327 * 1.0919

5.80

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was $127.0 Mil.
Revenue was 237.97 + 333.107 + 97.69 + 18.145 = $686.9 Mil.
Gross Profit was 143.825 + 126.461 + 49.561 + 7.445 = $327.3 Mil.
Total Current Assets was $1,008.4 Mil.
Total Assets was $3,338.7 Mil.
Property, Plant and Equipment(Net PPE) was $2,012.7 Mil.
Depreciation, Depletion and Amortization(DDA) was $142.1 Mil.
Selling, General, & Admin. Expense(SGA) was $12.0 Mil.
Total Current Liabilities was $545.2 Mil.
Long-Term Debt & Capital Lease Obligation was $1,914.9 Mil.
Net Income was 3.201 + 213.812 + -0.724 + -56.399 = $159.9 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.0 Mil.
Cash Flow from Operations was 95.79 + 115.96 + 26.452 + 15.022 = $253.2 Mil.

Total Receivables was $12.0 Mil.
Revenue was 17.648 + 39.326 + 16.234 + 21.816 = $95.0 Mil.
Gross Profit was 6.595 + 9.208 + 7.058 + 10.776 = $33.6 Mil.
Total Current Assets was $245.1 Mil.
Total Assets was $1,793.2 Mil.
Property, Plant and Equipment(Net PPE) was $1,525.0 Mil.
Depreciation, Depletion and Amortization(DDA) was $12.8 Mil.
Selling, General, & Admin. Expense(SGA) was $5.4 Mil.
Total Current Liabilities was $155.7 Mil.
Long-Term Debt & Capital Lease Obligation was $1,054.5 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)
	=	(126.986 / 686.912)	/	(12.008 / 95.024)
	=	0.184865	/	0.126368
	=	1.4629

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)
	=	(33.637 / 95.024)	/	(327.292 / 686.912)
	=	0.353984	/	0.476469
	=	0.7429

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 - (1008.371 + 2012.733) / 3338.725)	/	(1 - (245.077 + 1524.991) / 1793.202)
	=	0.095132	/	0.012901
	=	7.374

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
	=	686.912	/	95.024
	=	7.2288

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))
	=	(12.837 / (12.837 + 1524.991))	/	(142.061 / (142.061 + 2012.733))
	=	0.008347	/	0.065928
	=	0.1266

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)
	=	(12.017 / 686.912)	/	(5.405 / 95.024)
	=	0.017494	/	0.05688
	=	0.3076

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)
	=	((1914.92 + 545.187) / 3338.725)	/	((1054.462 + 155.677) / 1793.202)
	=	0.73684	/	0.674848
	=	1.0919

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
	=	(159.89 - 0	-	253.224)	/	3338.725
	=	-0.027955

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.

Navitas Petroleum LP has a M-score of 5.80 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 5.80 mean?

Navitas Petroleum LP (NVPTF) has a Beneish M-Score of 5.80 as of Jul. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Navitas Petroleum LP and its competitors. According to the industry distribution chart, Navitas Petroleum LP ranks #802 out of 822 companies in the Oil & Gas industry, placing it in the top 97.6%.

Is Navitas Petroleum LP's Beneish M-Score too high?

Navitas Petroleum LP's current Beneish M-Score is 5.80. Based on the distribution chart, Navitas Petroleum LP ranks #802 out of 822 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Navitas Petroleum LP has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Navitas Petroleum LP's Beneish M-Score compare to COP and EOG?

According to the Oil & Gas industry distribution chart, Navitas Petroleum LP ranks #802 out of 822 companies for Beneish M-Score. This places Navitas Petroleum LP 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 an Oil & Gas company?

A good Beneish M-Score depends on the Oil & Gas 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 Navitas Petroleum LP and its competitors. Navitas Petroleum LP's current Beneish M-Score is 5.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Navitas Petroleum LP stock overvalued right now?

Based on GuruFocus' analysis, Navitas Petroleum LP (NVPTF) is currently considered Possible Value Trap. The stock's GF Value™ is $75.29, compared to a current price of $40.50 — trading 46.2% below its estimated fair value. The current Beneish M-Score is 5.80. Navitas Petroleum LP's overall GF Score™ is 51/100 with 7 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 Navitas Petroleum LP (NVPTF), the current Beneish M-Score is 5.80 as of Jul. 09, 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 Navitas Petroleum LP (NVPTF) Overvalued in 2026?

Based on GuruFocus' analysis, Navitas Petroleum LP stock appears to be undervalued. The current stock price of $40.50 is trading 46.2% below its estimated GF Value™ of $75.29. GuruFocus considers Navitas Petroleum LP to be Possible Value Trap.

Key valuation signals for NVPTF:

Beneish M-Score: 5.80
GF Value™: $75.29 vs. price of $40.50 (46.2% below fair value)
GF Score™: 51/100 with 7 warning signs

No single metric tells the full story. See the NVPTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Navitas Petroleum LP Business Description

Industry Energy Oil & Gas

Comparable Companies XTAE:DLEKG XTAE:NWMD XTAE:ISRA XTAE:RATI XTAE:EQTL XTAE:NFTA XTAE:TMRP XTAE:ILDR XTAE:TOEN XTAE:GIVO HKSE:00883 COP TSX:CNQ EOG FANG OXY DVN MIC:NVTK ASX:WDS EQT

Other Exchanges NVPT:Israel

Address 12 Abba Eban Avenue, Herzliya, ISR, 4675230

Website https://www.navitaspet.com

Navitas Petroleum LP is engaged in oil and gas exploration and production in North America. The Company operates out of the United States (Houston) and Israel (Herzliya). The company operates in three segments: Oil and gas exploration, development, and production in the United States, Development and production of gas and oil assets in the northern part of the Southwest Atlantic Ocean, and Other operating segments. The majority of its revenue is generated from the Oil and Gas Exploration, Development and Production in the USA Segment.

51GF Score

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

$40.50

Price

$75.29

GF Value

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