PTRC (Petro River Oil) Beneish M-Score: 0.00 (As of Jun. 26, 2026)

What is Petro River Oil Beneish M-Score?

Petro River Oil PTRC -95.00% 12 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates PTRC with a GF Score™ of 12/100.

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.

The historical rank and industry rank for Petro River Oil's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Petro River Oil was 0.00. The lowest was 0.00. And the median was 0.00.

Petro River Oil Beneish M-Score Related Terms

Petro River Oil Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Petro River Oil'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.

Petro River Oil Beneish M-Score Chart

Petro River Oil Annual Data

Trend

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Beneish M-Score

Get a 7-Day Free Trial

1,092.90

-7.63

6,635.57

16.74

-2.98

Petro River Oil Quarterly Data
	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19
Beneish M-Score	Get a 7-Day Free Trial															22.69	-1.11	-2.98	0.32	-18.37

PTRC vs LRDC, COIL, ALTX: Beneish M-Score Comparison

For the Oil & Gas E&P subindustry, Petro River Oil'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.

Petro River Oil Beneish M-Score vs Oil & Gas Industry

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

* The bar in red indicates where Petro River Oil's Beneish M-Score falls into.

Save Embed

12GF Score

Petro River Oil Corp PTRC

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

View Full Analysis

Petro River Oil 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 Petro River Oil 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 * 0.6466

0.528 * -25.6982

0.404 * 1.4344

0.892 * 0.7455

0.115 * 0.4421

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.6409

4.679 * -0.356879

0.327 * 0.2165

-18.37

This Year (Oct19) TTM:

Last Year (Oct18) TTM:

Total Receivables was $0.09 Mil.
Revenue was 0.271 + 0.322 + 0.321 + 0.34 = $1.25 Mil.
Gross Profit was 0.077 + -0.044 + -0.102 + 0.037 = $-0.03 Mil.
Total Current Assets was $0.88 Mil.
Total Assets was $9.22 Mil.
Property, Plant and Equipment(Net PPE) was $5.88 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.69 Mil.
Selling, General, & Admin. Expense(SGA) was $1.47 Mil.
Total Current Liabilities was $1.15 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was 0.762 + 1.555 + -1.041 + -3.075 = $-1.80 Mil.
Non Operating Income was 1.007 + 1.901 + -1.03 + -0.091 = $1.79 Mil.
Cash Flow from Operations was -0.167 + 0.099 + -0.008 + -0.221 = $-0.30 Mil.

Total Receivables was $0.20 Mil.
Revenue was 0.41 + 0.574 + 0.447 + 0.251 = $1.68 Mil.
Gross Profit was 0.205 + 0.406 + 0.35 + 0.142 = $1.10 Mil.
Total Current Assets was $0.39 Mil.
Total Assets was $8.65 Mil.
Property, Plant and Equipment(Net PPE) was $6.65 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.33 Mil.
Selling, General, & Admin. Expense(SGA) was $3.08 Mil.
Total Current Liabilities was $2.31 Mil.
Long-Term Debt & Capital Lease Obligation was $2.69 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)
	=	(0.094 / 1.254)	/	(0.195 / 1.682)
	=	0.07496	/	0.115933
	=	0.6466

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)
	=	(1.103 / 1.682)	/	(-0.032 / 1.254)
	=	0.655767	/	-0.025518
	=	-25.6982

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 - (0.878 + 5.877) / 9.216)	/	(1 - (0.385 + 6.653) / 8.648)
	=	0.267036	/	0.18617
	=	1.4344

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
	=	1.254	/	1.682
	=	0.7455

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))
	=	(0.325 / (0.325 + 6.653))	/	(0.692 / (0.692 + 5.877))
	=	0.046575	/	0.105343
	=	0.4421

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)
	=	(1.473 / 1.254)	/	(3.083 / 1.682)
	=	1.174641	/	1.832937
	=	0.6409

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)
	=	((0 + 1.154) / 9.216)	/	((2.691 + 2.311) / 8.648)
	=	0.125217	/	0.5784
	=	0.2165

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
	=	(-1.799 - 1.787	-	-0.297)	/	9.216
	=	-0.356879

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.

Petro River Oil has a M-score of -18.37 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 0.00 mean?

Petro River Oil (PTRC) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Petro River Oil and its competitors.

Is Petro River Oil's Beneish M-Score too high?

Petro River Oil's current Beneish M-Score is 0.00. Overall, Petro River Oil has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Petro River Oil's Beneish M-Score compare to LRDC and COIL?

Petro River Oil's Beneish M-Score of 0.00 can be compared against companies in the Oil & Gas 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 Petro River Oil and its competitors. Petro River Oil's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Petro River Oil stock overvalued right now?

Petro River Oil (PTRC) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Petro River Oil's overall GF Score™ is 12/100. 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 Petro River Oil (PTRC), the current Beneish M-Score is 0.00 as of Jun. 26, 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.

Petro River Oil Business Description

Industry Energy Oil & Gas

Comparable Companies LRDC COIL ALTX SNECQ AREXQ SSNYY IFNY EXNT YUMAQ UPLCQ HKSE:00883 COP MIC:NVTK EOG TSE:8031 TSX:CNQ PXD HES ASX:WPL OXY

Address 55 5th Avenue, Suite 1702, New York, NY, USA, 10003

Website https://www.petroriveroil.com

Petro River Oil Corp is an independent energy company focused on the exploration and development of conventional oil and gas assets. It has diversification across multiple projects, each with low initial capital expenditures and strong risk-reward characteristics. The company's strategy is to identify, acquire and develop conventional oil and gas assets. The company's activities are focused on the North American and European continents.

12GF Score

Get the complete analysis for PTRC

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

$0.00

Price

View PTRC Analysis

See Beneish M-Score data for all stocks →