RPC (RES) Beneish M-Score: -2.36 (As of Jun. 24, 2026)

What is RPC Beneish M-Score?

RPC RES -11.46% 76 Beneish M-Score is -2.36 as of Jun. 24, 2026. GuruFocus rates RES with a GF Score™ of 76/100 and a GF Value™ of $7.19 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 822 Oil & Gas companies, RPC ranks worse than 69.71% 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 -2.36 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

RES' s Beneish M-Score Range Over the Past 10 Years
Min: -5.73 Med: -2.91 Max: -1.41
Current: -2.36

During the past 13 years, the highest Beneish M-Score of RPC was -1.41. The lowest was -5.73. And the median was -2.91.

RPC Beneish M-Score Related Terms

RPC Beneish M-Score Historical Data

* Premium members only.

The historical data trend for RPC'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.

RPC Beneish M-Score Chart

RPC Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.92

-2.19

-3.12

-3.42

-2.49

RPC Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															-3.53	-2.78	-2.62	-2.49	-2.36

RES vs HLX, WBI, XPRO: Beneish M-Score Comparison

For the Oil & Gas Equipment & Services subindustry, RPC'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.

RPC Beneish M-Score vs Oil & Gas Industry

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

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

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76GF Score

RPC Inc RES

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

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RPC 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 RPC 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 * 1.1687

0.528 * 1.2354

0.404 * 1.7019

0.892 * 1.2762

0.115 * 0.8704

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.8945

4.679 * -0.107291

0.327 * 1.5796

-2.36

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was $376 Mil.
Revenue was 454.755 + 425.777 + 447.103 + 420.809 = $1,748 Mil.
Gross Profit was 56.316 + 50.084 + 68.332 + 60.716 = $235 Mil.
Total Current Assets was $735 Mil.
Total Assets was $1,481 Mil.
Property, Plant and Equipment(Net PPE) was $545 Mil.
Depreciation, Depletion and Amortization(DDA) was $168 Mil.
Selling, General, & Admin. Expense(SGA) was $181 Mil.
Total Current Liabilities was $235 Mil.
Long-Term Debt & Capital Lease Obligation was $47 Mil.
Net Income was 0.855 + -3.061 + 12.963 + 10.148 = $21 Mil.
Non Operating Income was -4.74 + -2.961 + -1.936 + -3.203 = $-13 Mil.
Cash Flow from Operations was 31.173 + 61.863 + 46.525 + 53.078 = $193 Mil.

Total Receivables was $252 Mil.
Revenue was 332.877 + 335.361 + 337.652 + 364.153 = $1,370 Mil.
Gross Profit was 53.359 + 49.909 + 55.111 + 69.536 = $228 Mil.
Total Current Assets was $704 Mil.
Total Assets was $1,346 Mil.
Property, Plant and Equipment(Net PPE) was $535 Mil.
Depreciation, Depletion and Amortization(DDA) was $138 Mil.
Selling, General, & Admin. Expense(SGA) was $159 Mil.
Total Current Liabilities was $142 Mil.
Long-Term Debt & Capital Lease Obligation was $20 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)
	=	(376.394 / 1748.444)	/	(252.357 / 1370.043)
	=	0.215274	/	0.184196
	=	1.1687

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)
	=	(227.915 / 1370.043)	/	(235.448 / 1748.444)
	=	0.166356	/	0.134661
	=	1.2354

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 - (734.772 + 545.323) / 1480.958)	/	(1 - (704.045 + 534.615) / 1345.919)
	=	0.13563	/	0.079692
	=	1.7019

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
	=	1748.444	/	1370.043
	=	1.2762

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))
	=	(138.194 / (138.194 + 534.615))	/	(168.424 / (168.424 + 545.323))
	=	0.205399	/	0.235972
	=	0.8704

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)
	=	(181.347 / 1748.444)	/	(158.851 / 1370.043)
	=	0.103719	/	0.115946
	=	0.8945

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)
	=	((47.284 + 234.963) / 1480.958)	/	((20.09 + 142.298) / 1345.919)
	=	0.190584	/	0.120652
	=	1.5796

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
	=	(20.905 - -12.84	-	192.639)	/	1480.958
	=	-0.107291

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.

RPC has a M-score of -2.36 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 -2.36 mean?

RPC (RES) has a Beneish M-Score of -2.36 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on RPC and its competitors. According to the industry distribution chart, RPC ranks #573 out of 822 companies in the Oil & Gas industry, placing it in the top 69.7%.

Is RPC's Beneish M-Score too high?

RPC's current Beneish M-Score is -2.36. Based on the distribution chart, RPC ranks #573 out of 822 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, RPC has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does RPC's Beneish M-Score compare to HLX and WBI?

According to the Oil & Gas industry distribution chart, RPC ranks #573 out of 822 companies for Beneish M-Score. This places RPC in the lower 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 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 RPC and its competitors. RPC's current Beneish M-Score is -2.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is RPC stock overvalued right now?

Based on GuruFocus' analysis, RPC (RES) is currently considered Modestly Undervalued. The stock's GF Value™ is $7.19, compared to a current price of $5.72 — trading 20.4% below its estimated fair value. The current Beneish M-Score is -2.36. RPC's overall GF Score™ is 76/100 with 1 warning sign 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 RPC (RES), the current Beneish M-Score is -2.36 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 RPC (RES) Overvalued in 2026?

Based on GuruFocus' analysis, RPC stock appears to be undervalued. The current stock price of $5.72 is trading 20.4% below its estimated GF Value™ of $7.19. GuruFocus considers RPC to be Modestly Undervalued.

Key valuation signals for RES:

Beneish M-Score: -2.36
GF Value™: $7.19 vs. price of $5.72 (20.4% below fair value)
GF Score™: 76/100 with 1 warning sign

No single metric tells the full story. See the RES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

RPC Business Description

Industry Energy Oil & Gas

Comparable Companies HLX WBI XPRO VTOL ACDC INVX PUMP LB FLOC HMH SLB BKR HAL MIL:TEN FTI SZSE:002353 OSL:SUBC MIL:SPM XPAR:GTT SHSE:601808

Other Exchanges RLD:Germany

Address 2801 Buford Highway NE, Suite 300, Atlanta, GA, USA, 30329

Website https://www.rpc.net

RPC Inc is an oilfield services company. It provides specialized oilfield services and equipment to independent and oil and gas companies engaged in the exploration, production, and development of oil and gas properties throughout the United States. Its operating segment includes Technical Services and Support Services. The Technical Services segment, which generates maximum revenue, comprises service lines that generate revenue based on equipment, personnel, or materials at the well site and are closely aligned with completion and production activities of the customers. The Support Services segment comprises service lines that generate revenue from services and equipment offered off the well site and are closely aligned with the customers' drilling activities.

76GF Score

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

$5.72

Price

$7.19

GF Value

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