Orvana MineralsORVMF -7.05%31 Beneish M-Score is -3.24 as of Jun. 24, 2026. GuruFocus rates ORVMF with a GF Score™ of 31/100 and a GF Value™ of $0.32 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 685 Metals & Mining companies, Orvana Minerals ranks better than 87.45% 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 -3.24 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Orvana Minerals's Beneish M-Score or its related term are showing as below:
ORVMF'
s Beneish M-Score Range Over the Past 10 Years
Min: -10.28 Med: -3.51 Max: 44.42
Current: -3.24
During the past 13 years, the highest Beneish M-Score of Orvana Minerals was 44.42. The lowest was -10.28. And the median was -3.51.
Orvana Minerals Beneish M-Score Related Terms
Orvana Minerals Beneish M-Score Historical Data
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The historical data trend for Orvana Minerals'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 Other Precious Metals & Mining subindustry, Orvana Minerals'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.
Orvana Minerals Beneish M-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Orvana Minerals's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Orvana Minerals'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 Orvana Minerals 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 * 0.7613
+
0.528 * 0.6177
+
0.404 * 0.8583
+
0.892 * 1.3327
+
0.115 * 1.9481
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 2.4145
+
4.679 * -0.063964
-
0.327 * 1.3062
=
-3.20
* 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))
=
(12.117 / (12.117 + 62.698))
/
(10.394 / (10.394 + 114.628))
=
0.16196
/
0.083137
=
1.9481
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
=
(-1.822 - -22.747
-
35.732)
/
231.488
=
-0.063964
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.
Orvana Minerals has a M-score of -3.20 suggests that the company is unlikely to be a manipulator.
Orvana Minerals (ORVMF) has a Beneish M-Score of -3.24 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Orvana Minerals and its competitors. According to the industry distribution chart, Orvana Minerals ranks #86 out of 685 companies in the Metals & Mining industry, placing it in the top 12.6%.
Is Orvana Minerals' Beneish M-Score too high?
Orvana Minerals' current Beneish M-Score is -3.24. Based on the distribution chart, Orvana Minerals ranks #86 out of 685 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Orvana Minerals has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Orvana Minerals' Beneish M-Score compare to HL?
According to the Metals & Mining industry distribution chart, Orvana Minerals ranks #86 out of 685 companies for Beneish M-Score. This places Orvana Minerals in the top 13% 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 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 Orvana Minerals and its competitors. Orvana Minerals's current Beneish M-Score is -3.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orvana Minerals stock overvalued right now?
Based on GuruFocus' analysis, Orvana Minerals (ORVMF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.32, compared to a current price of $1.04 — trading 225.3% above its estimated fair value. The current Beneish M-Score is -3.24. Orvana Minerals' overall GF Score™ is 31/100 with 3 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 Orvana Minerals (ORVMF), the current Beneish M-Score is -3.24 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 Orvana Minerals (ORVMF) Overvalued in 2026?
Based on GuruFocus' analysis, Orvana Minerals stock appears to be overvalued.
The current stock price of $1.04 is trading 225.3% above its estimated GF Value™ of $0.32.
GuruFocus considers Orvana Minerals to be Significantly Overvalued.
Key valuation signals for ORVMF:
Beneish M-Score: -3.24
GF Value™: $0.32 vs. price of $1.04 (225.3% above fair value)
No single metric tells the full story. See the ORVMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Orvana Minerals Corp is a Canadian mining and exploration company that is involved in the evaluation, development, and mining of precious and base metal deposits. The company predominantly operates in the gold and copper mining industry and its majority of the products are gold dore and gold/copper concentrates. Its properties include El Valle and Carles mines and the El Valle processing plant (collectively, El Valle), producer of copper concentrate and dore, Don Mario Operation and Taguas Property. The company's segments include Orovalle, which operates El Valle Mine in Spain, EMIPA which operates Don Mario Mine in Bolivia, Orvana Argentina and Corporate. Majority of the revenue for the company is generated from its Orovalle segment.
31GF Score
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