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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 -2.95 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Mineral Resources's Beneish M-Score or its related term are showing as below:
STU:F5J'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.95 Med: -2.42 Max: -1.8
Current: -2.95
During the past 13 years, the highest Beneish M-Score of Mineral Resources was -1.80. The lowest was -2.95. And the median was -2.42.
The historical data trend for Mineral Resources'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.
Mineral Resources Beneish M-Score Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Mineral Resources'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.
Mineral Resources Beneish M-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Mineral Resources's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Mineral Resources'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 Mineral Resources 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 * 0.7441
+
0.528 * 0.9279
+
0.404 * 0.5319
+
0.892 * 1.5613
+
0.115 * 0.8429
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.7407
+
4.679 * -0.096469
-
0.327 * 0.9509
=
-2.85
* 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))
=
(427.855 / (427.855 + 5055.242))
/
(566.06 / (566.06 + 5548.368))
=
0.078032
/
0.092578
=
0.8429
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
=
(647.188 - 134.195
-
1271.196)
/
7859.578
=
-0.096469
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.
Mineral Resources has a M-score of -2.85 suggests that the company is unlikely to be a manipulator.
Mineral Resources (STU:F5J) has a Beneish M-Score of -2.95 as of Aug. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Mineral Resources and its competitors. According to the industry distribution chart, Mineral Resources ranks #117 out of 684 companies in the Metals & Mining industry, placing it in the top 17.1%.
Is Mineral Resources' Beneish M-Score too high?
Mineral Resources' current Beneish M-Score is -2.95. Based on the distribution chart, Mineral Resources ranks #117 out of 684 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Mineral Resources has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mineral Resources' Beneish M-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Mineral Resources ranks #117 out of 684 companies for Beneish M-Score. This places Mineral Resources in the top 17% 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 a Metals & Mining company?
A good Beneish M-Score depends on the Metals & Mining 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 Mineral Resources and its competitors. Mineral Resources's current Beneish M-Score is -2.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mineral Resources stock overvalued right now?
Based on GuruFocus' analysis, Mineral Resources (STU:F5J) is currently considered Fairly Valued. The stock's GF Value™ is €43.62, compared to a current price of €39.94 — trading 8.4% below its estimated fair value. The current Beneish M-Score is -2.95. Mineral Resources' overall GF Score™ is 81/100 with 6 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 Mineral Resources (STU:F5J), the current Beneish M-Score is -2.95 as of Aug. 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.
Is Mineral Resources (STU:F5J) Overvalued in 2026?
Based on GuruFocus' analysis, Mineral Resources stock appears to be undervalued.
The current stock price of €39.94 is trading 8.4% below its estimated GF Value™ of €43.62.
GuruFocus considers Mineral Resources to be Fairly Valued.
Key valuation signals for STU:F5J:
Beneish M-Score: -2.95
GF Value™: €43.62 vs. price of €39.94 (8.4% below fair value)
No single metric tells the full story. See the STU:F5J stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mineral Resources listed on the ASX in 2006 following the merger of three mining services businesses. The subsidiary companies were previously owned by managing director Chris Ellison, who remains a large shareholder despite selling down. Operations include iron ore and lithium mining, iron ore crushing and screening services for third parties, and engineering and construction for mining companies. Mining and contracting activity is focused in Western Australia.
81GF Score
Get the complete analysis for STU:F5J
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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