SPOWF (Strata Power) Beneish M-Score: -2.24 (As of Jun. 29, 2026)


What is Strata Power Beneish M-Score?

Strata Power SPOWF Beneish M-Score is -2.24 as of Jun. 29, 2026. The stock has 3 warning signs investors should review. Among 825 Oil & Gas companies, Strata Power ranks worse than 75.64% 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 -2.24 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

SPOWF' s Beneish M-Score Range Over the Past 10 Years
Min: -3.35   Med: -3.07   Max: -2.24
Current: -2.24

During the past 13 years, the highest Beneish M-Score of Strata Power was -2.24. The lowest was -3.35. And the median was -3.07.

Strata Power Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Strata Power'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.

Strata Power Beneish M-Score Chart

Strata Power Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 -3.35

Strata Power Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Dec20 Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Mar25 Dec25 Mar26
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 0.00 -3.07 -3.35 -2.24

SPOWF vs LEEN, GRVE, BRLL: Beneish M-Score Comparison

For the Oil & Gas E&P subindustry, Strata Power'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.

Strata Power Beneish M-Score vs Oil & Gas Industry

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

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


Strata Power 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 Strata Power 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 * 2.5405+0.528 * 1+0.404 * 1.1468+0.892 * 0.3936+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1046+4.679 * -0.037267-0.327 * 2.5409
=-2.24

* 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 (Mar26) TTM:Last Year (Jun24) TTM:
Total Receivables was $0.04 Mil.
Revenue was 0.012 + 0 + 0.025 + 0 = $0.04 Mil.
Gross Profit was 0.012 + 0 + 0.025 + 0 = $0.04 Mil.
Total Current Assets was $0.05 Mil.
Total Assets was $0.16 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 $0.04 Mil.
Total Current Liabilities was $0.09 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.029 + 0 + -0.018 + 0 = $-0.05 Mil.
Non Operating Income was -0.022 + 0 + -0.008 + 0 = $-0.03 Mil.
Cash Flow from Operations was 0 + 0 + -0.011 + 0 = $-0.01 Mil.
 Total Receivables was $0.04 Mil.
Revenue was 0.038 + 0 + 0.056 + 0 = $0.09 Mil.
Gross Profit was 0.038 + 0 + 0.056 + 0 = $0.09 Mil.
Total Current Assets was $0.07 Mil.
Total Assets was $0.18 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 $0.09 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)
=(0.035 / 0.037) / (0.035 / 0.094)
=0.945946 / 0.37234
=2.5405

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)
=(0.094 / 0.094) / (0.037 / 0.037)
=1 / 1
=1

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 - (0.054 + 0) / 0.161) / (1 - (0.074 + 0) / 0.176)
=0.664596 / 0.579545
=1.1468

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
=0.037 / 0.094
=0.3936

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 / (0 + 0)) / (0 / (0 + 0))
= /
=1

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)
=(0.04 / 0.037) / (0.092 / 0.094)
=1.081081 / 0.978723
=1.1046

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 + 0.086) / 0.161) / ((0 + 0.037) / 0.176)
=0.534161 / 0.210227
=2.5409

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
=(-0.047 - -0.03 - -0.011) / 0.161
=-0.037267

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.

Strata Power has a M-score of -2.24 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 -2.24 mean?
Strata Power (SPOWF) has a Beneish M-Score of -2.24 as of Jun. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Strata Power and its competitors. According to the industry distribution chart, Strata Power ranks #624 out of 825 companies in the Oil & Gas industry, placing it in the top 75.6%.
Is Strata Power's Beneish M-Score too high?
Strata Power's current Beneish M-Score is -2.24. Based on the distribution chart, Strata Power ranks #624 out of 825 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers.
How does Strata Power's Beneish M-Score compare to LEEN and GRVE?
According to the Oil & Gas industry distribution chart, Strata Power ranks #624 out of 825 companies for Beneish M-Score. This places Strata Power 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 Strata Power and its competitors. Strata Power's current Beneish M-Score is -2.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Strata Power stock overvalued right now?
Strata Power (SPOWF) has a current Beneish M-Score of -2.24. The current Beneish M-Score is -2.24. 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 Strata Power (SPOWF), the current Beneish M-Score is -2.24 as of Jun. 29, 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.

Strata Power Business Description

Industry EnergyOil & Gas
Address 34334 Forrest Terrace, Suite 300, Abbotsford, BC, CAN, V2S 1G7
Strata Power Corp is engaged in the acquisition and exploration of oil and gas properties. The company operates in the oil and gas industry with a focus on Canada's heavy oil and carbonate-hosted bitumen deposits. It has a partial interest in various oil sands leases, located in the Peace River oil sands area. In addition, the company has a royalty interest in several oil sands leases and also owns a non-producing well.