TMCR (The Metals Royalty Co) Beneish M-Score: 0.00 (As of Aug. 18, 2026)

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TMCR The Metals Royalty Co Inc TMCR
14 GF Score
Price $6.56
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What is The Metals Royalty Co Beneish M-Score?

The Metals Royalty Co TMCR -2.59% 14 Beneish M-Score is 0.00 as of Aug. 18, 2026. GuruFocus rates TMCR with a GF Score™ of 14/100. Among 680 Metals & Mining companies, The Metals Royalty Co ranks worse than 147058.68% 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.

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

During the past 3 years, the highest Beneish M-Score of The Metals Royalty Co was 0.00. The lowest was 0.00. And the median was 0.00.

The Metals Royalty Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for The Metals Royalty Co'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.

The Metals Royalty Co Beneish M-Score Chart

The Metals Royalty Co Annual Data
Trend Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00

The Metals Royalty Co Quarterly Data
Dec23 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.00

TMCR vs LZM, REEMF, ALOY: Beneish M-Score Comparison

For the Other Industrial Metals & Mining subindustry, The Metals Royalty Co'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.

The Metals Royalty Co Beneish M-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, The Metals Royalty Co's Beneish M-Score distribution charts can be found below:

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


TMCR
14GF Score
The Metals Royalty Co Inc TMCR
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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The Metals Royalty Co 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 The Metals Royalty Co 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 $0.00 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $12.90 Mil.
Total Assets was $170.32 Mil.
Property, Plant and Equipment(Net PPE) was $128.53 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $18.56 Mil.
Total Current Liabilities was $7.72 Mil.
Long-Term Debt & Capital Lease Obligation was $41.74 Mil.
Net Income was -6.622 + -10.212 + 3.044 + -1.262 = $-15.05 Mil.
Non Operating Income was -0.402 + -2.611 + 0 + 0 = $-3.01 Mil.
Cash Flow from Operations was 0.245 + -2.557 + -2.955 + -0.782 = $-6.05 Mil.
 Total Receivables was $0.00 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $0.00 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.95 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 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)
=(0 / 0) / (0 / 0)
= /
=

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)
=(0 / 0) / (0 / 0)
= /
=

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 - (12.899 + 128.532) / 170.315) / (1 - (0 + 0) / 0)
=0.169592 /
=

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
=0 / 0
=

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))
=(0 / (0 + 0)) / (0.002 / (0.002 + 128.532))
= / 1.6E-5
=

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)
=(18.562 / 0) / (0.948 / 0)
= /
=

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)
=((41.737 + 7.723) / 170.315) / ((0 + 0) / 0)
=0.290403 /
=

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
=(-15.052 - -3.013 - -6.049) / 170.315
=-0.03517

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
The Metals Royalty Co (TMCR) has a Beneish M-Score of 0.00 as of Aug. 18, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on The Metals Royalty Co and its competitors. According to the industry distribution chart, The Metals Royalty Co ranks #999999 out of 680 companies in the Metals & Mining industry.
Is The Metals Royalty Co's Beneish M-Score too high?
The Metals Royalty Co's current Beneish M-Score is 0.00. Based on the distribution chart, The Metals Royalty Co ranks #999999 out of 680 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, The Metals Royalty Co has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does The Metals Royalty Co's Beneish M-Score compare to LZM and REEMF?
According to the Metals & Mining industry distribution chart, The Metals Royalty Co ranks #999999 out of 680 companies for Beneish M-Score. This places The Metals Royalty Co in the lower 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 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 The Metals Royalty Co and its competitors. The Metals Royalty Co's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Metals Royalty Co stock overvalued right now?
The Metals Royalty Co (TMCR) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. The Metals Royalty Co's overall GF Score™ is 14/100. 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 The Metals Royalty Co (TMCR), the current Beneish M-Score is 0.00 as of Aug. 18, 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.

The Metals Royalty Co Business Description

Address 333 7th Avenue SW, 1900 Dome Tower, Calgary, AB, CAN, T2P 2Z1
The Metals Royalty Co Inc is engaged in the acquisition and management of critical metals and mineral royalties, streams, and other similar interests. It is focused on providing capital to support mineral security and independence in North America in support of accelerating domestic industry growth, including energy, defense, and re-industrialization. The company has two reportable operating segments, Metal and Minerals, and Oil and Gas. The company derives royalty income from its business activities.
14GF Score

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