APASTU:APA -2.18%57 Beneish M-Score is -3.37 as of Jun. 25, 2026. GuruFocus rates STU:APA with a GF Score™ of 57/100 and a GF Value™ of €22.96 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 822 Oil & Gas companies, APA ranks better than 84.79% 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 -3.37 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for APA's Beneish M-Score or its related term are showing as below:
STU:APA'
s Beneish M-Score Range Over the Past 10 Years
Min: -6.72 Med: -2.85 Max: -1.72
Current: -3.37
During the past 13 years, the highest Beneish M-Score of APA was -1.72. The lowest was -6.72. And the median was -2.85.
APA Beneish M-Score Related Terms
APA Beneish M-Score Historical Data
* Premium members only.
The historical data trend for APA'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.
STU:APA vs AR, OVV, PR: Beneish M-Score Comparison
For the Oil & Gas E&P subindustry, APA'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.
APA Beneish M-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, APA's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where APA'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 APA 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 * 0.9762
+
0.528 * 0.9365
+
0.404 * 0.9193
+
0.892 * 0.7655
+
0.115 * 1.1128
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1772
+
4.679 * -0.141026
-
0.327 * 0.8678
=
-3.41
* 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))
=
(2300.737 / (2300.737 + 11821.5))
/
(1902.599 / (1902.599 + 11092.76))
=
0.162916
/
0.146406
=
1.1128
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
=
(1321.517 - 89.844
-
3437.089)
/
15638.335
=
-0.141026
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.
APA has a M-score of -3.41 suggests that the company is unlikely to be a manipulator.
APA (STU:APA) has a Beneish M-Score of -3.37 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on APA and its competitors. According to the industry distribution chart, APA ranks #125 out of 822 companies in the Oil & Gas industry, placing it in the top 15.2%.
Is APA's Beneish M-Score too high?
APA's current Beneish M-Score is -3.37. Based on the distribution chart, APA ranks #125 out of 822 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, APA has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does APA's Beneish M-Score compare to AR and OVV?
According to the Oil & Gas industry distribution chart, APA ranks #125 out of 822 companies for Beneish M-Score. This places APA in the top 15% 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 APA and its competitors. APA's current Beneish M-Score is -3.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is APA stock overvalued right now?
Based on GuruFocus' analysis, APA (STU:APA) is currently considered Modestly Overvalued. The stock's GF Value™ is €22.96, compared to a current price of €29.36 — trading 27.9% above its estimated fair value. The current Beneish M-Score is -3.37. APA's overall GF Score™ is 57/100 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 APA (STU:APA), the current Beneish M-Score is -3.37 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 APA (STU:APA) Overvalued in 2026?
Based on GuruFocus' analysis, APA stock appears to be overvalued.
The current stock price of €29.36 is trading 27.9% above its estimated GF Value™ of €22.96.
GuruFocus considers APA to be Modestly Overvalued.
Key valuation signals for STU:APA:
Beneish M-Score: -3.37
GF Value™: €22.96 vs. price of €29.36 (27.9% above fair value)
No single metric tells the full story. See the STU:APA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
APA Corp is an independent exploration and production company. It develops and produces crude oil, natural gas, and natural gas liquids. The company's business has oil and gas operations in four segments: Egypt, the North Sea, Suriname, and the U.S. The company generates the majority of its revenue from the U.S. reporting segment. The company also has exploration interests in Uruguay, Alaska, and other international locations.
57GF Score
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