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Nextleaf SolutionsOILFF +0.28% Beneish M-Score is -3.69 as of Jul. 24, 2026. The stock has 4 warning signs investors should review. Among 910 Drug Manufacturers companies, Nextleaf Solutions ranks better than 93.85% 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 -3.69 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Nextleaf Solutions's Beneish M-Score or its related term are showing as below:
OILFF'
s Beneish M-Score Range Over the Past 10 Years
Min: -7.79 Med: -3.05 Max: 63.67
Current: -3.69
During the past 9 years, the highest Beneish M-Score of Nextleaf Solutions was 63.67. The lowest was -7.79. And the median was -3.05.
Nextleaf Solutions Beneish M-Score Related Terms
Nextleaf Solutions Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Nextleaf Solutions'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 Drug Manufacturers - Specialty & Generic subindustry, Nextleaf Solutions'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.
Nextleaf Solutions Beneish M-Score vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Nextleaf Solutions's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Nextleaf Solutions'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 Nextleaf Solutions 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 * 1.0182
+
0.528 * 1.0822
+
0.404 * 1.1521
+
0.892 * 0.8531
+
0.115 * 0.8461
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.2854
+
4.679 * -0.213505
-
0.327 * 1.2586
=
-3.64
* 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))
=
(0.377 / (0.377 + 1.675))
/
(0.413 / (0.413 + 1.489))
=
0.183723
/
0.21714
=
0.8461
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
=
(-1.037 - 0.019
-
0.234)
/
6.042
=
-0.213505
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.
Nextleaf Solutions has a M-score of -3.64 suggests that the company is unlikely to be a manipulator.
Nextleaf Solutions (OILFF) has a Beneish M-Score of -3.69 as of Jul. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Nextleaf Solutions and its competitors. According to the industry distribution chart, Nextleaf Solutions ranks #56 out of 910 companies in the Drug Manufacturers industry, placing it in the top 6.2%.
Is Nextleaf Solutions' Beneish M-Score too high?
Nextleaf Solutions' current Beneish M-Score is -3.69. Based on the distribution chart, Nextleaf Solutions ranks #56 out of 910 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers.
How does Nextleaf Solutions' Beneish M-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Nextleaf Solutions ranks #56 out of 910 companies for Beneish M-Score. This places Nextleaf Solutions in the top 6% 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 a Drug Manufacturers company?
A good Beneish M-Score depends on the Drug Manufacturers 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 Nextleaf Solutions and its competitors. Nextleaf Solutions's current Beneish M-Score is -3.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nextleaf Solutions stock overvalued right now?
Based on GuruFocus' analysis, Nextleaf Solutions (OILFF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.04, compared to a current price of $0.04 — trading 10.3% below its estimated fair value. The current Beneish M-Score is -3.69. 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 Nextleaf Solutions (OILFF), the current Beneish M-Score is -3.69 as of Jul. 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.
Nextleaf Solutions Ltd is is a Canadian cannabis extractor and processor, with a focus on developing intellectual property for the extraction, distillation formulation, and delivery of cannabinoids. The Company has a single reportable segment being the provision of goods and services to the cannabis industry in Canada. All the Company's revenues are generated in Canada. Revenue from sale of goods and services includes sales of bulk distillate, branded (Glacial Gold) vape pens, oils, and softgels (branded extract products), and private label which includes toll processing and other services. Majority being from Branded extract products.
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