Polaris Renewable EnergyRAMPF +1.61%79 Beneish M-Score is -2.83 as of Jun. 26, 2026. GuruFocus rates RAMPF with a GF Score™ of 79/100 and a GF Value™ of $8.90 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 390 Utilities - Independent Power Producers companies, Polaris Renewable Energy ranks better than 70.51% 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 -2.83 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Polaris Renewable Energy's Beneish M-Score or its related term are showing as below:
RAMPF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.43 Med: -2.7 Max: -1.11
Current: -2.83
During the past 13 years, the highest Beneish M-Score of Polaris Renewable Energy was -1.11. The lowest was -3.43. And the median was -2.70.
Polaris Renewable Energy Beneish M-Score Related Terms
Polaris Renewable Energy Beneish M-Score Historical Data
* 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.
Polaris Renewable Energy Beneish M-Score Competitor Comparison
For the Utilities - Renewable subindustry, Polaris Renewable Energy'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.
Polaris Renewable Energy Beneish M-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Polaris Renewable Energy's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Polaris Renewable Energy's Beneish M-Score falls into.
Polaris Renewable Energy 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 Polaris Renewable Energy 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 * 0.852
+
0.528 * 1.0573
+
0.404 * 1.1282
+
0.892 * 1.0601
+
0.115 * 0.8867
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0356
+
4.679 * -0.060129
-
0.327 * 1.0041
=
-2.78
* 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))
=
(29.461 / (29.461 + 375.673))
/
(30.627 / (30.627 + 342.832))
=
0.072719
/
0.082009
=
0.8867
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
=
(7.064 - 7.121
-
32.007)
/
533.256
=
-0.060129
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.
Polaris Renewable Energy has a M-score of -2.78 suggests that the company is unlikely to be a manipulator.
Polaris Renewable Energy (RAMPF) has a Beneish M-Score of -2.83 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Polaris Renewable Energy and its competitors. According to the industry distribution chart, Polaris Renewable Energy ranks #115 out of 390 companies in the Utilities - Independent Power Producers industry, placing it in the top 29.5%.
Is Polaris Renewable Energy's Beneish M-Score too high?
Polaris Renewable Energy's current Beneish M-Score is -2.83. Based on the distribution chart, Polaris Renewable Energy ranks #115 out of 390 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Polaris Renewable Energy has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Polaris Renewable Energy's Beneish M-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Polaris Renewable Energy ranks #115 out of 390 companies for Beneish M-Score. This puts Polaris Renewable Energy in the upper 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 Utilities - Independent Power Producers company?
A good Beneish M-Score depends on the Utilities - Independent Power Producers 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 Polaris Renewable Energy and its competitors. Polaris Renewable Energy's current Beneish M-Score is -2.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polaris Renewable Energy stock overvalued right now?
Based on GuruFocus' analysis, Polaris Renewable Energy (RAMPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $8.90, compared to a current price of $10.53 — trading 18.3% above its estimated fair value. The current Beneish M-Score is -2.83. Polaris Renewable Energy's overall GF Score™ is 79/100 with 10 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 Polaris Renewable Energy (RAMPF), the current Beneish M-Score is -2.83 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.
Is Polaris Renewable Energy (RAMPF) Overvalued in 2026?
Based on GuruFocus' analysis, Polaris Renewable Energy stock appears to be overvalued.
The current stock price of $10.53 is trading 18.3% above its estimated GF Value™ of $8.90.
GuruFocus considers Polaris Renewable Energy to be Modestly Overvalued.
Key valuation signals for RAMPF:
Beneish M-Score: -2.83
GF Value™: $8.90 vs. price of $10.53 (18.3% above fair value)
No single metric tells the full story. See the RAMPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Polaris Renewable Energy Inc is engaged in the acquisition, exploration, development, and operation of renewable energy projects in Latin America and the Caribbean. The company has six reportable operating segments: 1) Nicaragua: It includes acquisition, exploration, development and operation of a geothermal project, 2) Peru: It includes acquisition, development and operation of hydroelectric projects, 3) Panama: It includes acquisition, development and operation of solar projects, 4) Dominican Republic: It includes acquisition, development and operation of solar projects, 5) Puerto Rico: It includes acquisition, development and operation of onshore wind farms, 6) Ecuador: It includes acquisition and operation of hydroelectric projects. The majority of revenue is derived from Nicaragua.
79GF Score
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