Enerflex (STU:7EX) Beneish M-Score: -2.92 (As of Aug. 17, 2026)

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STU:7EX Enerflex Ltd STU:7EX
74 GF Score
Price €19.30
GF Value €7.05
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Enerflex Beneish M-Score?

Enerflex STU:7EX +4.32% 74 Beneish M-Score is -2.92 as of Aug. 17, 2026. GuruFocus rates STU:7EX with a GF Score™ of 74/100 and a GF Value™ of €7.05 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 832 Oil & Gas companies, Enerflex ranks better than 69.11% 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 -2.92 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

STU:7EX' s Beneish M-Score Range Over the Past 10 Years
Min: -3.32   Med: -2.64   Max: -1.42
Current: -2.92

During the past 13 years, the highest Beneish M-Score of Enerflex was -1.42. The lowest was -3.32. And the median was -2.64.


Enerflex Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Enerflex'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.

Enerflex Beneish M-Score Chart

Enerflex 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 -2.83 -1.76 -2.46 -2.92 -2.89

Enerflex Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -2.90 -2.67 -2.89 -2.73 -2.92

STU:7EX vs SLB, BKR, FTI: Beneish M-Score Comparison

For the Oil & Gas Equipment & Services subindustry, Enerflex'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.


Enerflex Beneish M-Score vs Oil & Gas Industry

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

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


STU:7EX
74GF Score
Enerflex Ltd STU:7EX
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Enerflex 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 Enerflex 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 * 0.8857+0.528 * 1.0104+0.404 * 0.9573+0.892 * 1.0409+0.115 * 1.1593
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0996+4.679 * -0.087324-0.327 * 0.9277
=-2.94

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was €515 Mil.
Revenue was 505.176 + 505.16 + 535.458 + 662.004 = €2,208 Mil.
Gross Profit was 120.652 + 125.425 + 122.122 + 146.544 = €515 Mil.
Total Current Assets was €984 Mil.
Total Assets was €2,434 Mil.
Property, Plant and Equipment(Net PPE) was €738 Mil.
Depreciation, Depletion and Amortization(DDA) was €132 Mil.
Selling, General, & Admin. Expense(SGA) was €246 Mil.
Total Current Liabilities was €826 Mil.
Long-Term Debt & Capital Lease Obligation was €499 Mil.
Net Income was 26.04 + 37.195 + -48.678 + 31.524 = €46 Mil.
Non Operating Income was -0.868 + 6.92 + -52.094 + -16.188 = €-62 Mil.
Cash Flow from Operations was 77.252 + 27.68 + 152.866 + 63.048 = €321 Mil.
Total Receivables was €558 Mil.
Revenue was 533.205 + 510.6 + 535.755 + 541.501 = €2,121 Mil.
Gross Profit was 120.513 + 118.4 + 133.7 + 127.041 = €500 Mil.
Total Current Assets was €995 Mil.
Total Assets was €2,500 Mil.
Property, Plant and Equipment(Net PPE) was €741 Mil.
Depreciation, Depletion and Amortization(DDA) was €159 Mil.
Selling, General, & Admin. Expense(SGA) was €215 Mil.
Total Current Liabilities was €836 Mil.
Long-Term Debt & Capital Lease Obligation was €632 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)
=(514.724 / 2207.798) / (558.348 / 2121.061)
=0.233139 / 0.26324
=0.8857

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)
=(499.654 / 2121.061) / (514.743 / 2207.798)
=0.235568 / 0.233148
=1.0104

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 - (984.312 + 737.8) / 2433.872) / (1 - (995.316 + 741.285) / 2500.428)
=0.292439 / 0.305479
=0.9573

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
=2207.798 / 2121.061
=1.0409

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))
=(158.712 / (158.712 + 741.285)) / (132.361 / (132.361 + 737.8))
=0.176347 / 0.152111
=1.1593

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)
=(246.083 / 2207.798) / (215.009 / 2121.061)
=0.111461 / 0.101369
=1.0996

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)
=((499.1 + 826.336) / 2433.872) / ((632.043 + 835.788) / 2500.428)
=0.544579 / 0.587032
=0.9277

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
=(46.081 - -62.23 - 320.846) / 2433.872
=-0.087324

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.

Enerflex has a M-score of -2.94 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 -2.92 mean?
Enerflex (STU:7EX) has a Beneish M-Score of -2.92 as of Aug. 17, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Enerflex and its competitors. According to the industry distribution chart, Enerflex ranks #257 out of 832 companies in the Oil & Gas industry, placing it in the top 30.9%.
Is Enerflex's Beneish M-Score too high?
Enerflex's current Beneish M-Score is -2.92. Based on the distribution chart, Enerflex ranks #257 out of 832 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Enerflex has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Enerflex's Beneish M-Score compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Enerflex ranks #257 out of 832 companies for Beneish M-Score. This puts Enerflex in the upper 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 Enerflex and its competitors. Enerflex's current Beneish M-Score is -2.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enerflex stock overvalued right now?
Based on GuruFocus' analysis, Enerflex (STU:7EX) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.05, compared to a current price of €19.30 — trading 173.8% above its estimated fair value. The current Beneish M-Score is -2.92. Enerflex's overall GF Score™ is 74/100 with 3 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 Enerflex (STU:7EX), the current Beneish M-Score is -2.92 as of Aug. 17, 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 Enerflex (STU:7EX) Overvalued in 2026?

Based on GuruFocus' analysis, Enerflex stock appears to be overvalued. The current stock price of €19.30 is trading 173.8% above its estimated GF Value™ of €7.05. GuruFocus considers Enerflex to be Significantly Overvalued.

Key valuation signals for STU:7EX:

  • Beneish M-Score: -2.92
  • GF Value™: €7.05 vs. price of €19.30 (173.8% above fair value)
  • GF Score™: 74/100 with 3 warning signs

No single metric tells the full story. See the STU:7EX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Enerflex Business Description

Industry EnergyOil & Gas
Other Exchanges EFXT:USAEFX:Canada
Address 1331 MacLeod Trail SE, Suite 904, Calgary, AB, CAN, T2G 0K3
Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities to process and move natural gas from the wellhead to the pipeline. The company's focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three operating segments: North America(NAM), Latin America(LATAM), and the Eastern Hemisphere(EH). Each regional business segment has three main product lines: Engineered Systems, Aftermarket Services, and Energy Infrastructure. The North American segment earns the majority of the revenue.
74GF Score

Get the complete analysis for STU:7EX

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

€19.30
Price
€7.05
GF Value