SEI (Solaris Energy Infrastructure) Beneish M-Score: -2.61 (As of Jun. 25, 2026)

What is Solaris Energy Infrastructure Beneish M-Score?

Solaris Energy Infrastructure SEI +4.54% 72 Beneish M-Score is -2.61 as of Jun. 25, 2026. GuruFocus rates SEI with a GF Score™ of 72/100 and a GF Value™ of $20.09 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 822 Oil & Gas companies, Solaris Energy Infrastructure ranks worse than 54.5% 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 -2.61 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

SEI' s Beneish M-Score Range Over the Past 10 Years
Min: -22.33 Med: -2.5 Max: 2.84
Current: -2.61

During the past 11 years, the highest Beneish M-Score of Solaris Energy Infrastructure was 2.84. The lowest was -22.33. And the median was -2.50.

Solaris Energy Infrastructure Beneish M-Score Related Terms

Solaris Energy Infrastructure Beneish M-Score Historical Data

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The historical data trend for Solaris Energy Infrastructure'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.

Solaris Energy Infrastructure Beneish M-Score Chart

Solaris Energy Infrastructure Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.05

-2.58

-3.67

-2.32

-2.66

Solaris Energy Infrastructure 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															-2.20	-2.32	-2.09	-2.66	-2.61

SEI vs WHD, USAC, OII: Beneish M-Score Comparison

For the Oil & Gas Equipment & Services subindustry, Solaris Energy Infrastructure'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.

Solaris Energy Infrastructure Beneish M-Score vs Oil & Gas Industry

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

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

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72GF Score

Solaris Energy Infrastructure Inc SEI

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

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Solaris Energy Infrastructure 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 Solaris Energy Infrastructure 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 * 0.887

0.528 * 0.8032

0.404 * 0.405

0.892 * 1.8629

0.115 * 1.7826

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.8417

4.679 * -0.071714

0.327 * 1.7117

-2.61

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was $148.3 Mil.
Revenue was 196.239 + 179.702 + 166.843 + 149.328 = $692.1 Mil.
Gross Profit was 72.716 + 55.181 + 55.685 + 51.702 = $235.3 Mil.
Total Current Assets was $520.8 Mil.
Total Assets was $2,995.9 Mil.
Property, Plant and Equipment(Net PPE) was $2,240.0 Mil.
Depreciation, Depletion and Amortization(DDA) was $89.0 Mil.
Selling, General, & Admin. Expense(SGA) was $67.3 Mil.
Total Current Liabilities was $468.1 Mil.
Long-Term Debt & Capital Lease Obligation was $1,293.0 Mil.
Net Income was 21.438 + -1.656 + 14.55 + 11.955 = $46.3 Mil.
Non Operating Income was -1.258 + 0 + 0 + 0 = $-1.3 Mil.
Cash Flow from Operations was 79.014 + 95.937 + 63.264 + 24.181 = $262.4 Mil.

Total Receivables was $89.8 Mil.
Revenue was 126.332 + 96.297 + 75.018 + 73.886 = $371.5 Mil.
Gross Profit was 38.558 + 27.589 + 17.104 + 18.19 = $101.4 Mil.
Total Current Assets was $126.2 Mil.
Total Assets was $1,129.8 Mil.
Property, Plant and Equipment(Net PPE) was $784.7 Mil.
Depreciation, Depletion and Amortization(DDA) was $57.3 Mil.
Selling, General, & Admin. Expense(SGA) was $42.9 Mil.
Total Current Liabilities was $75.4 Mil.
Long-Term Debt & Capital Lease Obligation was $312.6 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)
	=	(148.321 / 692.112)	/	(89.759 / 371.533)
	=	0.214302	/	0.241591
	=	0.887

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)
	=	(101.441 / 371.533)	/	(235.284 / 692.112)
	=	0.273034	/	0.339951
	=	0.8032

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 - (520.808 + 2240.044) / 2995.925)	/	(1 - (126.182 + 784.745) / 1129.79)
	=	0.078464	/	0.19372
	=	0.405

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
	=	692.112	/	371.533
	=	1.8629

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))
	=	(57.348 / (57.348 + 784.745))	/	(88.979 / (88.979 + 2240.044))
	=	0.068102	/	0.038204
	=	1.7826

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)
	=	(67.264 / 692.112)	/	(42.901 / 371.533)
	=	0.097187	/	0.11547
	=	0.8417

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)
	=	((1292.976 + 468.083) / 2995.925)	/	((312.58 + 75.4) / 1129.79)
	=	0.587818	/	0.343409
	=	1.7117

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
	=	(46.287 - -1.258	-	262.396)	/	2995.925
	=	-0.071714

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.

Solaris Energy Infrastructure has a M-score of -2.61 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 -2.61 mean?

Solaris Energy Infrastructure (SEI) has a Beneish M-Score of -2.61 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Solaris Energy Infrastructure and its competitors. According to the industry distribution chart, Solaris Energy Infrastructure ranks #448 out of 822 companies in the Oil & Gas industry, placing it in the top 54.5%.

Is Solaris Energy Infrastructure's Beneish M-Score too high?

Solaris Energy Infrastructure's current Beneish M-Score is -2.61. Based on the distribution chart, Solaris Energy Infrastructure ranks #448 out of 822 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Solaris Energy Infrastructure has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Solaris Energy Infrastructure's Beneish M-Score compare to WHD and USAC?

According to the Oil & Gas industry distribution chart, Solaris Energy Infrastructure ranks #448 out of 822 companies for Beneish M-Score. This places Solaris Energy Infrastructure 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 Solaris Energy Infrastructure and its competitors. Solaris Energy Infrastructure's current Beneish M-Score is -2.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Solaris Energy Infrastructure stock overvalued right now?

Based on GuruFocus' analysis, Solaris Energy Infrastructure (SEI) is currently considered Significantly Overvalued. The stock's GF Value™ is $20.09, compared to a current price of $79.43 — trading 295.4% above its estimated fair value. The current Beneish M-Score is -2.61. Solaris Energy Infrastructure's overall GF Score™ is 72/100 with 10 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 Solaris Energy Infrastructure (SEI), the current Beneish M-Score is -2.61 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 Solaris Energy Infrastructure (SEI) Overvalued in 2026?

Based on GuruFocus' analysis, Solaris Energy Infrastructure stock appears to be overvalued. The current stock price of $79.43 is trading 295.4% above its estimated GF Value™ of $20.09. GuruFocus considers Solaris Energy Infrastructure to be Significantly Overvalued.

Key valuation signals for SEI:

Beneish M-Score: -2.61
GF Value™: $20.09 vs. price of $79.43 (295.4% above fair value)
GF Score™: 72/100 with 10 warning signs

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

Solaris Energy Infrastructure Business Description

Industry Energy Oil & Gas

Comparable Companies WHD USAC OII TDW LBRT NESR AROC WTTR NEXT AESI SLB BKR HAL MIL:TEN FTI SZSE:002353 OSL:SUBC MIL:SPM XPAR:GTT SHSE:601808

Other Exchanges 68S:Germany

Address 9651 Katy Freeway, Suite 300, Houston, TX, USA, 77024

Website https://www.solaris-energy.com

Solaris Energy Infrastructure Inc provides modular and scalable equipment-based solutions for power generation, control, distribution, and the management of raw materials in oil and natural gas well completions. Its solutions are Solaris software suite, Fluid management system, Automated control systems, Field services, Last mile logistics management, Wet sand solutions, Power Solutions, and Integrated wellsite solution, among others. Solaris serves multiple U.S. end markets, including data center, energy, and other commercial and industrial sectors. The company has two reportable business segments: Solaris Power Solutions and Solaris Logistics Solutions. Maximum revenue is generated from the Solaris Power Solutions segment, delivering power generation and distribution solutions.

72GF Score

Get the complete analysis for SEI

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

$79.43

Price

$20.09

GF Value

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