RGRSY (Regis Resources) Beneish M-Score: -3.63 (As of Jun. 25, 2026)


RGRSY Regis Resources Ltd RGRSY
89 GF Score
Price $5.20
GF Value $3.63
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What is Regis Resources Beneish M-Score?

Regis Resources RGRSY 89 Beneish M-Score is -3.63 as of Jun. 25, 2026. GuruFocus rates RGRSY with a GF Score™ of 89/100 and a GF Value™ of $3.63. Among 685 Metals & Mining companies, Regis Resources ranks better than 91.82% 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 -3.63 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

RGRSY' s Beneish M-Score Range Over the Past 10 Years
Min: -3.92   Med: -2.94   Max: -0.81
Current: -3.63

During the past 13 years, the highest Beneish M-Score of Regis Resources was -0.81. The lowest was -3.92. And the median was -2.94.


Regis Resources Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Regis Resources'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.

Regis Resources Beneish M-Score Chart

Regis Resources Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.02 -0.81 -3.92 -3.81 -3.63

Regis Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -3.81 0.00 -3.63 0.00

RGRSY vs NEM, AU: Beneish M-Score Comparison

For the Gold subindustry, Regis Resources'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.


Regis Resources Beneish M-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Regis Resources's Beneish M-Score distribution charts can be found below:

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


RGRSY
89GF Score
Regis Resources Ltd RGRSY
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Regis Resources 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 Regis Resources 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 * 0.9636+0.528 * 0.6964+0.404 * 0.6588+0.892 * 1.2791+0.115 * 0.8757
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0102+4.679 * -0.250133-0.327 * 0.6996
=-3.65

* 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.

This Year (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was $11 Mil.
Revenue was $1,073 Mil.
Gross Profit was $535 Mil.
Total Current Assets was $448 Mil.
Total Assets was $1,482 Mil.
Property, Plant and Equipment(Net PPE) was $990 Mil.
Depreciation, Depletion and Amortization(DDA) was $258 Mil.
Selling, General, & Admin. Expense(SGA) was $6 Mil.
Total Current Liabilities was $172 Mil.
Long-Term Debt & Capital Lease Obligation was $66 Mil.
Net Income was $166 Mil.
Gross Profit was $2 Mil.
Cash Flow from Operations was $534 Mil.
Total Receivables was $9 Mil.
Revenue was $839 Mil.
Gross Profit was $291 Mil.
Total Current Assets was $307 Mil.
Total Assets was $1,414 Mil.
Property, Plant and Equipment(Net PPE) was $1,043 Mil.
Depreciation, Depletion and Amortization(DDA) was $230 Mil.
Selling, General, & Admin. Expense(SGA) was $5 Mil.
Total Current Liabilities was $288 Mil.
Long-Term Debt & Capital Lease Obligation was $35 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)
=(10.814 / 1072.534) / (8.774 / 838.522)
=0.010083 / 0.010464
=0.9636

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)
=(291.49 / 838.522) / (535.367 / 1072.534)
=0.347624 / 0.499161
=0.6964

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 - (448.075 + 989.655) / 1481.903) / (1 - (306.888 + 1043.393) / 1414.273)
=0.029808 / 0.045247
=0.6588

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
=1072.534 / 838.522
=1.2791

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))
=(230.427 / (230.427 + 1043.393)) / (257.66 / (257.66 + 989.655))
=0.180894 / 0.206572
=0.8757

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)
=(6.186 / 1072.534) / (4.788 / 838.522)
=0.005768 / 0.00571
=1.0102

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)
=((65.502 + 171.545) / 1481.903) / ((35.284 + 288.104) / 1414.273)
=0.159961 / 0.22866
=0.6996

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
=(165.596 - 1.968 - 534.301) / 1481.903
=-0.250133

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.

Regis Resources has a M-score of -3.65 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 -3.63 mean?
Regis Resources (RGRSY) has a Beneish M-Score of -3.63 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Regis Resources and its competitors. According to the industry distribution chart, Regis Resources ranks #56 out of 685 companies in the Metals & Mining industry, placing it in the top 8.2%.
Is Regis Resources' Beneish M-Score too high?
Regis Resources' current Beneish M-Score is -3.63. Based on the distribution chart, Regis Resources ranks #56 out of 685 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Regis Resources has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does Regis Resources' Beneish M-Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Regis Resources ranks #56 out of 685 companies for Beneish M-Score. This places Regis Resources in the top 8% 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 Regis Resources and its competitors. Regis Resources's current Beneish M-Score is -3.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Regis Resources stock overvalued right now?
Regis Resources (RGRSY) has a current Beneish M-Score of -3.63. The stock's GF Value™ is $3.63, compared to a current price of $5.20 — trading 43.3% above its estimated fair value. The current Beneish M-Score is -3.63. Regis Resources' overall GF Score™ is 89/100. 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 Regis Resources (RGRSY), the current Beneish M-Score is -3.63 as of Jun. 25, 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 Regis Resources (RGRSY) Overvalued in 2026?

Based on GuruFocus' analysis, Regis Resources stock appears to be overvalued. The current stock price of $5.20 is trading 43.3% above its estimated GF Value™ of $3.63.

Key valuation signals for RGRSY:

  • Beneish M-Score: -3.63
  • GF Value™: $3.63 vs. price of $5.20 (43.3% above fair value)
  • GF Score™: 89/100

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


Regis Resources Business Description

Address 516 Hay Street, Level 2, Subiaco, Perth, WA, AUS, 6008
Regis Resources Ltd is one of Australia's gold companies, producing around 437,309 ounces annually. Cash costs are below the industry average. Operating mines are located in Western Australia, which brings relatively low sovereign risk. Management has a sound operating track record and an appropriate bias towards balance sheets and dividends; however, the gold price and new investments will be the primary arbiters of long-term returns. Development of the McPhillamys deposit in New South Wales, if approved, should add approximately two hundred thousand ounces of gold production a year in the medium term. The Company has three reportable segments: the Duketon North Operations, Duketon South Operations, and Tropicana Gold Project.
89GF Score

Get the complete analysis for RGRSY

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

$5.20
Price
$3.63
GF Value