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Northland PowerSTU:1NR +0.26%71 Beneish M-Score is -2.96 as of Jul. 29, 2026. GuruFocus rates STU:1NR with a GF Score™ of 71/100 and a GF Value™ of €15.06 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 394 Utilities - Independent Power Producers companies, Northland Power ranks better than 77.92% 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 -2.96 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Northland Power's Beneish M-Score or its related term are showing as below:
STU:1NR'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.32 Med: -2.72 Max: -1.83
Current: -2.96
During the past 13 years, the highest Beneish M-Score of Northland Power was -1.83. The lowest was -3.32. And the median was -2.72.
Northland Power Beneish M-Score Related Terms
Northland Power Beneish M-Score Historical Data
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The historical data trend for Northland 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.
Northland Power Beneish M-Score Competitor Comparison
For the Utilities - Renewable subindustry, Northland 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.
Northland Power Beneish M-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Northland Power's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Northland Power'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 Northland 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 * 0.7126
+
0.528 * 1.0026
+
0.404 * 1.1518
+
0.892 * 1.0692
+
0.115 * 0.8846
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.991
+
4.679 * -0.076861
-
0.327 * 0.9838
=
-2.99
* 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))
=
(450.022 / (450.022 + 5812.141))
/
(449.444 / (449.444 + 5083.21))
=
0.071864
/
0.081235
=
0.8846
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
=
(-86.206 - -420.266
-
987.256)
/
8498.459
=
-0.076861
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.
Northland Power has a M-score of -2.99 suggests that the company is unlikely to be a manipulator.
Northland Power (STU:1NR) has a Beneish M-Score of -2.96 as of Jul. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Northland Power and its competitors. According to the industry distribution chart, Northland Power ranks #87 out of 394 companies in the Utilities - Independent Power Producers industry, placing it in the top 22.1%.
Is Northland Power's Beneish M-Score too high?
Northland Power's current Beneish M-Score is -2.96. Based on the distribution chart, Northland Power ranks #87 out of 394 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Northland Power has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Northland Power's Beneish M-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Northland Power ranks #87 out of 394 companies for Beneish M-Score. This places Northland Power in the top 22% of its industry — outperforming the majority of peers. 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 Utilities - Independent Power Producers company?
A good Beneish M-Score depends on the Utilities - Independent Power Producers 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 Northland Power and its competitors. Northland Power's current Beneish M-Score is -2.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northland Power stock overvalued right now?
Based on GuruFocus' analysis, Northland Power (STU:1NR) is currently considered Modestly Undervalued. The stock's GF Value™ is €15.06, compared to a current price of €13.47 — trading 10.6% below its estimated fair value. The current Beneish M-Score is -2.96. Northland Power's overall GF Score™ is 71/100 with 7 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 Northland Power (STU:1NR), the current Beneish M-Score is -2.96 as of Jul. 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.
Is Northland Power (STU:1NR) Overvalued in 2026?
Based on GuruFocus' analysis, Northland Power stock appears to be undervalued.
The current stock price of €13.47 is trading 10.6% below its estimated GF Value™ of €15.06.
GuruFocus considers Northland Power to be Modestly Undervalued.
Key valuation signals for STU:1NR:
Beneish M-Score: -2.96
GF Value™: €15.06 vs. price of €13.47 (10.6% below fair value)
No single metric tells the full story. See the STU:1NR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northland Power develops, constructs, and operates sustainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term. Northland's growth opportunities are global and span North America, Europe, Latin America, and Asia.
71GF Score
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