SDXEF (SDX Energy) Beneish M-Score: 0.00 (As of Jun. 24, 2026)

What is SDX Energy Beneish M-Score?

SDX Energy SDXEF -99.00% 12 Beneish M-Score is 0.00 as of Jun. 24, 2026. GuruFocus rates SDXEF with a GF Score™ of 12/100.

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 SDX Energy's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of SDX Energy was 0.00. The lowest was 0.00. And the median was 0.00.

SDX Energy Beneish M-Score Related Terms

SDX Energy Beneish M-Score Historical Data

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The historical data trend for SDX Energy'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.

SDX Energy Beneish M-Score Chart

SDX Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

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-4.04

-3.25

-4.95

-3.50

-5.75

SDX Energy Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Beneish M-Score	Get a 7-Day Free Trial															-4.59	-3.50	6.08	-5.75	0.00

SDXEF vs CGBSF, COP, EOG: Beneish M-Score Comparison

For the Oil & Gas E&P subindustry, SDX 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.

SDX Energy Beneish M-Score vs Oil & Gas Industry

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

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

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SDX Energy PLC SDXEF

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

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SDX 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 SDX Energy 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 * 1.1437

0.528 * 0.9077

0.404 * 0

0.892 * 0.6358

0.115 * 0.7762

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * -0.513639

0.327 * 1.5951

-5.75

This Year (Dec23) TTM:

Last Year (Dec22) TTM:

Total Receivables was $13.49 Mil.
Revenue was $8.89 Mil.
Gross Profit was $7.31 Mil.
Total Current Assets was $37.55 Mil.
Total Assets was $51.07 Mil.
Property, Plant and Equipment(Net PPE) was $13.51 Mil.
Depreciation, Depletion and Amortization(DDA) was $5.01 Mil.
Selling, General, & Admin. Expense(SGA) was $0.00 Mil.
Total Current Liabilities was $31.34 Mil.
Long-Term Debt & Capital Lease Obligation was $0.27 Mil.
Net Income was $-21.34 Mil.
Gross Profit was $0.00 Mil.
Cash Flow from Operations was $4.89 Mil.

Total Receivables was $18.55 Mil.
Revenue was $13.98 Mil.
Gross Profit was $10.44 Mil.
Total Current Assets was $37.15 Mil.
Total Assets was $78.51 Mil.
Property, Plant and Equipment(Net PPE) was $37.97 Mil.
Depreciation, Depletion and Amortization(DDA) was $10.08 Mil.
Selling, General, & Admin. Expense(SGA) was $0.00 Mil.
Total Current Liabilities was $29.74 Mil.
Long-Term Debt & Capital Lease Obligation was $0.72 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)
	=	(13.488 / 8.885)	/	(18.549 / 13.975)
	=	1.518064	/	1.327299
	=	1.1437

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)
	=	(10.441 / 13.975)	/	(7.313 / 8.885)
	=	0.74712	/	0.823073
	=	0.9077

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 - (37.554 + 13.511) / 51.065)	/	(1 - (37.15 + 37.97) / 78.51)
	=	0	/	0.043179
	=	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
	=	8.885	/	13.975
	=	0.6358

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))
	=	(10.083 / (10.083 + 37.97))	/	(5.006 / (5.006 + 13.511))
	=	0.209831	/	0.270346
	=	0.7762

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 / 8.885)	/	(0 / 13.975)
	=	0	/	0
	=	1

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)
	=	((0.266 + 31.339) / 51.065)	/	((0.723 + 29.74) / 78.51)
	=	0.618917	/	0.388014
	=	1.5951

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
	=	(-21.343 - 0	-	4.886)	/	51.065
	=	-0.513639

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.

SDX Energy has a M-score of -5.75 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 0.00 mean?

SDX Energy (SDXEF) has a Beneish M-Score of 0.00 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on SDX Energy and its competitors.

Is SDX Energy's Beneish M-Score too high?

SDX Energy's current Beneish M-Score is 0.00. Overall, SDX Energy has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does SDX Energy's Beneish M-Score compare to CGBSF and COP?

SDX Energy's Beneish M-Score of 0.00 can be compared against companies in the Oil & Gas 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 SDX Energy and its competitors. SDX Energy'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 SDX Energy stock overvalued right now?

SDX Energy (SDXEF) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. SDX Energy's overall GF Score™ is 12/100. 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 SDX Energy (SDXEF), the current Beneish M-Score is 0.00 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.

SDX Energy Business Description

Industry Energy Oil & Gas

Comparable Companies CGBSF COP HKSE:00883 EOG TSX:CNQ MIC:NVTK OXY FANG ASX:WDS EQT EXE DVN TPL TSE:1605 CTRA ASX:STO TSX:TOU OSL:AKRBP BKK:PTTEP TSX:ARX

Address 38 Welbeck Street, London, GBR, W1G 8DP

Website https://www.sdxenergygroup.com

SDX Energy PLC is a Canadian company that is engaged in the exploration, development, and production of oil and gas. Its current activities are located in the Arab Republic of Egypt and the Kingdom of Morocco, It derives revenue from Morocco.

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