RNDXF (Randgold & Exploration Co) Beneish M-Score: 0.00 (As of Jun. 25, 2026)

What is Randgold & Exploration Co Beneish M-Score?

Randgold & Exploration Co RNDXF 31 Beneish M-Score is 0.00 as of Jun. 25, 2026. GuruFocus rates RNDXF with a GF Score™ of 31/100. The stock has 1 warning sign investors should review. Among 685 Metals & Mining companies, Randgold & Exploration Co ranks worse than 145985.26% 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.

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

During the past 13 years, the highest Beneish M-Score of Randgold & Exploration Co was -2.49. The lowest was -3.34. And the median was -2.92.

Randgold & Exploration Co Beneish M-Score Related Terms

Randgold & Exploration Co Beneish M-Score Historical Data

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The historical data trend for Randgold & Exploration Co'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.

Randgold & Exploration Co Beneish M-Score Chart

Randgold & Exploration Co Annual Data

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Dec25

Beneish M-Score

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Randgold & Exploration Co 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															0.00	0.00	0.00	0.00	0.00

RNDXF vs NEM, AU, CDE: Beneish M-Score Comparison

For the Gold subindustry, Randgold & Exploration Co'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.

Randgold & Exploration Co Beneish M-Score vs Metals & Mining Industry

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

* The bar in red indicates where Randgold & Exploration Co's Beneish M-Score falls into.

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31GF Score

Randgold & Exploration Co Ltd RNDXF

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

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Randgold & Exploration Co 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 Randgold & Exploration Co 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 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was $0.00 Mil.
Revenue was $0.00 Mil.
Gross Profit was $0.00 Mil.
Total Current Assets was $3.00 Mil.
Total Assets was $3.00 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.32 Mil.
Total Current Liabilities was $0.04 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was $-0.66 Mil.
Gross Profit was $0.00 Mil.
Cash Flow from Operations was $0.09 Mil.

Total Receivables was $0.00 Mil.
Revenue was $0.00 Mil.
Gross Profit was $0.00 Mil.
Total Current Assets was $3.41 Mil.
Total Assets was $3.42 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.38 Mil.
Total Current Liabilities was $0.04 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 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 / 0)	/	(0 / 0)
	=		/
	=

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)
	=	(0 / 0)	/	(0 / 0)
	=		/
	=

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 - (2.997 + 0.003) / 3)	/	(1 - (3.412 + 0.004) / 3.416)
	=	0	/	0
	=

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
	=	0	/	0
	=

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))
	=	(0.001 / (0.001 + 0.004))	/	(0.002 / (0.002 + 0.003))
	=	0.2	/	0.4
	=

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)
	=	(0.324 / 0)	/	(0.378 / 0)
	=		/
	=

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 + 0.038) / 3)	/	((0 + 0.036) / 3.416)
	=	0.012667	/	0.010539
	=

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
	=	(-0.663 - 0	-	0.089)	/	3
	=	-0.250667

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.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 0.00 mean?

Randgold & Exploration Co (RNDXF) has a Beneish M-Score of 0.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Randgold & Exploration Co and its competitors. According to the industry distribution chart, Randgold & Exploration Co ranks #999999 out of 685 companies in the Metals & Mining industry.

Is Randgold & Exploration Co's Beneish M-Score too high?

Randgold & Exploration Co's current Beneish M-Score is 0.00. Based on the distribution chart, Randgold & Exploration Co ranks #999999 out of 685 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Randgold & Exploration Co has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.

How does Randgold & Exploration Co's Beneish M-Score compare to NEM and AU?

According to the Metals & Mining industry distribution chart, Randgold & Exploration Co ranks #999999 out of 685 companies for Beneish M-Score. This places Randgold & Exploration Co 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 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 Randgold & Exploration Co and its competitors. Randgold & Exploration Co'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 Randgold & Exploration Co stock overvalued right now?

Randgold & Exploration Co (RNDXF) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Randgold & Exploration Co's overall GF Score™ is 31/100 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 Randgold & Exploration Co (RNDXF), the current Beneish M-Score is 0.00 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.

Randgold & Exploration Co Business Description

Industry Basic Materials Metals & Mining

Comparable Companies JSE:MTU SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM AU TSX:FNV HKSE:02259 TSX:K JSE:GFI TSX:PAAS CDE ASX:NST RGLD SHSE:600547 ASX:EVN TSX:AGI TSX:LUG SHSE:600489

Other Exchanges RNG:South Africa

Address 114 West Street, Suite 25, Third Floor, Katherine & West Building, Sandown, Sandton, Johannesburg, ZAF, 2196

Website https://www.randgoldexp.co.za

Randgold & Exploration Co Ltd is an investment holding company with assets in the Gold mining industry. The company operates in a single reportable operating segment as an investment holding company with cash resources. Geographically it operates through the region of South Africa.

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