Nostrum Oil & GasSTU:3NO0 Beneish M-Score is -4.82 as of Jun. 30, 2026. The stock has 6 warning signs investors should review. Among 825 Oil & Gas companies, Nostrum Oil & Gas ranks better than 96% 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 -4.82 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Nostrum Oil & Gas's Beneish M-Score or its related term are showing as below:
STU:3NO0'
s Beneish M-Score Range Over the Past 10 Years
Min: -9.76 Med: -3.43 Max: 6.44
Current: -4.82
During the past 13 years, the highest Beneish M-Score of Nostrum Oil & Gas was 6.44. The lowest was -9.76. And the median was -3.43.
Nostrum Oil & Gas Beneish M-Score Related Terms
Nostrum Oil & Gas Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Nostrum Oil & Gas'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 Integrated subindustry, Nostrum Oil & Gas'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.
Nostrum Oil & Gas Beneish M-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Nostrum Oil & Gas's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Nostrum Oil & Gas'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 Nostrum Oil & Gas 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 * 0.8859
+
0.528 * 1.2976
+
0.404 * 1.3945
+
0.892 * 0.8282
+
0.115 * 0.6699
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.7917
+
4.679 * -0.48477
-
0.327 * 1.4734
=
-4.85
* 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))
=
(25.4 / (25.4 + 343.894))
/
(26.932 / (26.932 + 235.379))
=
0.06878
/
0.102672
=
0.6699
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
=
(-191.139 - 0
-
20.17)
/
435.895
=
-0.48477
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.
Nostrum Oil & Gas has a M-score of -4.85 suggests that the company is unlikely to be a manipulator.
Nostrum Oil & Gas (STU:3NO0) has a Beneish M-Score of -4.82 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Nostrum Oil & Gas and its competitors. According to the industry distribution chart, Nostrum Oil & Gas ranks #33 out of 825 companies in the Oil & Gas industry, placing it in the top 4%.
Is Nostrum Oil & Gas' Beneish M-Score too high?
Nostrum Oil & Gas' current Beneish M-Score is -4.82. Based on the distribution chart, Nostrum Oil & Gas ranks #33 out of 825 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers.
How does Nostrum Oil & Gas' Beneish M-Score compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Nostrum Oil & Gas ranks #33 out of 825 companies for Beneish M-Score. This places Nostrum Oil & Gas in the top 4% 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 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 Nostrum Oil & Gas and its competitors. Nostrum Oil & Gas's current Beneish M-Score is -4.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nostrum Oil & Gas stock overvalued right now?
Based on GuruFocus' analysis, Nostrum Oil & Gas (STU:3NO0) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.01, compared to a current price of €0.03 — trading 150% above its estimated fair value. The current Beneish M-Score is -4.82. 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 Nostrum Oil & Gas (STU:3NO0), the current Beneish M-Score is -4.82 as of Jun. 30, 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.
Nostrum Oil & Gas PLC is engaged in the production, development, and exploration of oil and gas in Kazakhstan. It provides the market with crude oil, stabilized liquid condensate, liquefied petroleum gas, and dry gas. Majority of the company's production is derived from licensed assets in the pre-Caspian basin that can be found in western Kazakhstan. In addition to handling the production of its oil assets, Nostrum handles marketing and transportation. It has a network of pipelines and terminals that help ship products to a variety of end markets. The company's client base includes a host of international customers.
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