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 -2.92 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Range Resources's Beneish M-Score or its related term are showing as below:
RRC'
s Beneish M-Score Range Over the Past 10 Years
Min: -25.13 Med: -2.54 Max: 5.31
Current: -2.92
During the past 13 years, the highest Beneish M-Score of Range Resources was 5.31. The lowest was -25.13. And the median was -2.54.
Range Resources Beneish M-Score Related Terms
Range Resources Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Range 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.
For the Oil & Gas E&P subindustry, Range 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.
Range Resources Beneish M-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Range Resources's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Range Resources's Beneish M-Score falls into.
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 Range 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 * 0.6762
+
0.528 * 0.733
+
0.404 * 1.3001
+
0.892 * 1.2356
+
0.115 * 1.0312
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8669
+
4.679 * -0.09996
-
0.327 * 0.6614
=
-2.92
* 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))
=
(361.778 / (361.778 + 6579.722))
/
(368.429 / (368.429 + 6921.535))
=
0.052118
/
0.050539
=
1.0312
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
=
(902.602 - 182.419
-
1460.377)
/
7404.908
=
-0.09996
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.
Range Resources has a M-score of -2.92 suggests that the company is unlikely to be a manipulator.
Range Resources (RRC) has a Beneish M-Score of -2.92 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Range Resources and its competitors. According to the industry distribution chart, Range Resources ranks #265 out of 822 companies in the Oil & Gas industry, placing it in the top 32.2%.
Is Range Resources' Beneish M-Score too high?
Range Resources' current Beneish M-Score is -2.92. Based on the distribution chart, Range Resources ranks #265 out of 822 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Range Resources has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Range Resources' Beneish M-Score compare to CHRD and SM?
According to the Oil & Gas industry distribution chart, Range Resources ranks #265 out of 822 companies for Beneish M-Score. This puts Range Resources 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 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 Range Resources and its competitors. Range Resources's current Beneish M-Score is -2.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Range Resources stock overvalued right now?
Based on GuruFocus' analysis, Range Resources (RRC) is currently considered Modestly Undervalued. The stock's GF Value™ is $44.67, compared to a current price of $36.32 — trading 18.7% below its estimated fair value. The current Beneish M-Score is -2.92. Range Resources' overall GF Score™ is 74/100 with 3 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 Range Resources (RRC), the current Beneish M-Score is -2.92 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 Range Resources (RRC) Overvalued in 2026?
Based on GuruFocus' analysis, Range Resources stock appears to be undervalued.
The current stock price of $36.32 is trading 18.7% below its estimated GF Value™ of $44.67.
GuruFocus considers Range Resources to be Modestly Undervalued.
Key valuation signals for RRC:
Beneish M-Score: -2.92
GF Value™: $44.67 vs. price of $36.32 (18.7% below fair value)
No single metric tells the full story. See the RRC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Range Resources is an exploration and production firm whose operations represent a pure play in the Marcellus shale, located in the Appalachian region of Southwest Pennsylvania. The company went public as Lomak Petroleum in 1980 and later reorganized as Range Resources in 1998. After an expensive 10-year venture with a multi-basin strategy, Range Resources found its identity as an Appalachian natural gas producer, offloading its Permian assets in 2013. Range quickly became a leading US gas producer after its merger with Memorial Resource Development in 2016. Following the merger, Range saw its operational unit costs rise to an uncompetitive level and subsequently sold the assets in 2020 to return to its roots as an Appalachian producer.
74GF Score
Get the complete analysis for RRC
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