Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Superior PlusSUUIF 73 Beneish M-Score is -2.76 as of Aug. 13, 2026. GuruFocus rates SUUIF with a GF Score™ of 73/100 and a GF Value™ of $5.87 (Fairly Valued). The stock has 7 warning signs investors should review. Among 485 Utilities - Regulated companies, Superior Plus ranks better than 70.93% 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 -2.76 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Superior Plus's Beneish M-Score or its related term are showing as below:
SUUIF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.25 Med: -2.76 Max: -1.65
Current: -2.76
During the past 13 years, the highest Beneish M-Score of Superior Plus was -1.65. The lowest was -3.25. And the median was -2.76.
The historical data trend for Superior Plus'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 Utilities - Regulated Gas subindustry, Superior Plus'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.
Superior Plus Beneish M-Score vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Superior Plus's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Superior Plus'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 Superior Plus 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 * 1.192
+
0.528 * 0.9486
+
0.404 * 0.9915
+
0.892 * 0.9473
+
0.115 * 0.9621
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0798
+
4.679 * -0.086018
-
0.327 * 0.987
=
-2.80
* 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))
=
(259.3 / (259.3 + 1398))
/
(256.5 / (256.5 + 1320.8))
=
0.156459
/
0.16262
=
0.9621
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
=
(-3.8 - -42.2
-
328.6)
/
3373.7
=
-0.086018
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.
Superior Plus has a M-score of -2.80 suggests that the company is unlikely to be a manipulator.
Superior Plus (SUUIF) has a Beneish M-Score of -2.76 as of Aug. 13, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Superior Plus and its competitors. According to the industry distribution chart, Superior Plus ranks #141 out of 485 companies in the Utilities - Regulated industry, placing it in the top 29.1%.
Is Superior Plus' Beneish M-Score too high?
Superior Plus' current Beneish M-Score is -2.76. Based on the distribution chart, Superior Plus ranks #141 out of 485 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Superior Plus has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Superior Plus' Beneish M-Score compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Superior Plus ranks #141 out of 485 companies for Beneish M-Score. This puts Superior Plus 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 Utilities - Regulated company?
A good Beneish M-Score depends on the Utilities - Regulated 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 Superior Plus and its competitors. Superior Plus's current Beneish M-Score is -2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Superior Plus stock overvalued right now?
Based on GuruFocus' analysis, Superior Plus (SUUIF) is currently considered Fairly Valued. The stock's GF Value™ is $5.87, compared to a current price of $5.46 — trading 7% below its estimated fair value. The current Beneish M-Score is -2.76. Superior Plus' overall GF Score™ is 73/100 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 Superior Plus (SUUIF), the current Beneish M-Score is -2.76 as of Aug. 13, 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 Superior Plus (SUUIF) Overvalued in 2026?
Based on GuruFocus' analysis, Superior Plus stock appears to be undervalued.
The current stock price of $5.46 is trading 7% below its estimated GF Value™ of $5.87.
GuruFocus considers Superior Plus to be Fairly Valued.
Key valuation signals for SUUIF:
Beneish M-Score: -2.76
GF Value™: $5.87 vs. price of $5.46 (7% below fair value)
No single metric tells the full story. See the SUUIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Superior Plus Corp is a Canadian-based company that distributes energy and specialty chemicals. The company is organized into three business segments: U.S. Propane Distribution, Canadian Propane Distribution and Compressed natural gas distribution (CNG)out of which the majority is from the U.S. Propane segment. The products & services offered by the company include wholesale procurement, distribution, related services for propane and other refined fuels, and supply of chemicals required by industries. The U.S. Propane segment distributes propane gas & liquid fuels along the Eastern U.S. & into the Midwest and California.
73GF Score
Get the complete analysis for SUUIF
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SUUIF has been successfully added to your 
