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 -3.26 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Precision Drilling's Beneish M-Score or its related term are showing as below:
PDS'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.57 Med: -2.82 Max: -1.98
Current: -3.26
During the past 13 years, the highest Beneish M-Score of Precision Drilling was -1.98. The lowest was -3.57. And the median was -2.82.
Precision Drilling Beneish M-Score Related Terms
Precision Drilling Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Precision Drilling'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 Oil & Gas Drilling subindustry, Precision Drilling'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.
Precision Drilling Beneish M-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Precision Drilling's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Precision Drilling'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 Precision Drilling 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 * 1.0619
+
0.528 * 1.0133
+
0.404 * 0.8186
+
0.892 * 1.0165
+
0.115 * 0.903
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.081
+
4.679 * -0.157406
-
0.327 * 0.9358
=
-3.22
* 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))
=
(219.254 / (219.254 + 1675.749))
/
(237.862 / (237.862 + 1618.528))
=
0.115701
/
0.128131
=
0.903
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
=
(-10.893 - 4.19
-
300.206)
/
2003.028
=
-0.157406
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.
Precision Drilling has a M-score of -3.22 suggests that the company is unlikely to be a manipulator.
Precision Drilling (PDS) has a Beneish M-Score of -3.26 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Precision Drilling and its competitors. According to the industry distribution chart, Precision Drilling ranks #155 out of 822 companies in the Oil & Gas industry, placing it in the top 18.9%.
Is Precision Drilling's Beneish M-Score too high?
Precision Drilling's current Beneish M-Score is -3.26. Based on the distribution chart, Precision Drilling ranks #155 out of 822 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Precision Drilling has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Precision Drilling's Beneish M-Score compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Precision Drilling ranks #155 out of 822 companies for Beneish M-Score. This places Precision Drilling in the top 19% 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 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 Precision Drilling and its competitors. Precision Drilling's current Beneish M-Score is -3.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Precision Drilling stock overvalued right now?
Based on GuruFocus' analysis, Precision Drilling (PDS) is currently considered Modestly Overvalued. The stock's GF Value™ is $65.81, compared to a current price of $77.56 — trading 17.9% above its estimated fair value. The current Beneish M-Score is -3.26. Precision Drilling's overall GF Score™ is 70/100 with 2 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 Precision Drilling (PDS), the current Beneish M-Score is -3.26 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 Precision Drilling (PDS) Overvalued in 2026?
Based on GuruFocus' analysis, Precision Drilling stock appears to be overvalued.
The current stock price of $77.56 is trading 17.9% above its estimated GF Value™ of $65.81.
GuruFocus considers Precision Drilling to be Modestly Overvalued.
Key valuation signals for PDS:
Beneish M-Score: -3.26
GF Value™: $65.81 vs. price of $77.56 (17.9% above fair value)
No single metric tells the full story. See the PDS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Precision Drilling Corp is a provider of contract drilling, completion, and production services to oil and natural gas exploration and production companies in Canada, the United States, and certain international locations. The company operates through two industry segments: Contract Drilling Services, which generates maximum revenue and includes drilling rigs, procurement and distribution of oilfield supplies, and the manufacture, sale, and repair of drilling equipment; and Completion and Production Services, which includes service rigs, oilfield equipment rental, and camp services. The company generates the majority of its revenue from the United States.
70GF Score
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