TMKEF (TMK Energy) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


TMKEF TMK Energy Ltd TMKEF
35 GF Score
Price $0.07
! 2 Warning Signs
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What is TMK Energy Beneish M-Score?

TMK Energy TMKEF 35 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates TMKEF with a GF Score™ of 35/100. The stock has 2 warning signs investors should review. Among 822 Oil & Gas companies, TMK Energy ranks worse than 121654.38% 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 TMK Energy's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of TMK Energy was 184.60. The lowest was 184.60. And the median was 184.60.


TMK Energy Beneish M-Score Historical Data

* Premium members only.

The historical data trend for TMK Energy'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.

TMK Energy Beneish M-Score Chart

TMK Energy Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 184.60 0.00 0.00 0.00 0.00

TMK Energy Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 0.00 0.00 0.00 0.00

TMKEF vs COP, EOG, OXY: Beneish M-Score Comparison

For the Oil & Gas E&P subindustry, TMK Energy'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.


TMK Energy Beneish M-Score vs Oil & Gas Industry

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

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


TMKEF
35GF Score
TMK Energy Ltd TMKEF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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TMK Energy 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 TMK Energy 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was $0.05 Mil.
Revenue was $0.00 Mil.
Gross Profit was $0.00 Mil.
Total Current Assets was $1.30 Mil.
Total Assets was $18.10 Mil.
Property, Plant and Equipment(Net PPE) was $16.81 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.64 Mil.
Total Current Liabilities was $0.20 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was $-1.06 Mil.
Gross Profit was $0.06 Mil.
Cash Flow from Operations was $-1.08 Mil.
Total Receivables was $0.07 Mil.
Revenue was $0.00 Mil.
Gross Profit was $0.00 Mil.
Total Current Assets was $1.36 Mil.
Total Assets was $15.43 Mil.
Property, Plant and Equipment(Net PPE) was $14.07 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.92 Mil.
Total Current Liabilities was $0.40 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)
=(0.048 / 0) / (0.067 / 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 - (1.295 + 16.808) / 18.102) / (1 - (1.36 + 14.068) / 15.429)
=-5.5E-5 / 6.5E-5
=

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))
=(0.001 / (0.001 + 14.068)) / (0.001 / (0.001 + 16.808))
=7.1E-5 / 5.9E-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)
=(0.637 / 0) / (0.924 / 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)
=((0 + 0.204) / 18.102) / ((0 + 0.398) / 15.429)
=0.011269 / 0.025796
=

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
=(-1.055 - 0.063 - -1.081) / 18.102
=-0.002044

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?
TMK Energy (TMKEF) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on TMK Energy and its competitors. Over the past decade, TMK Energy's Beneish M-Score has ranged from 184.60 to 184.60. According to the industry distribution chart, TMK Energy ranks #999999 out of 822 companies in the Oil & Gas industry.
Is TMK Energy's Beneish M-Score too high?
TMK Energy's current Beneish M-Score is 0.00. Over the past 10 years, this metric has ranged from a low of 184.60 to a high of 184.60. Based on the distribution chart, TMK Energy ranks #999999 out of 822 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, TMK Energy has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does TMK Energy's Beneish M-Score compare to COP and EOG?
According to the Oil & Gas industry distribution chart, TMK Energy ranks #999999 out of 822 companies for Beneish M-Score. This places TMK Energy in the lower half of its industry. Historically, TMK Energy's own Beneish M-Score has ranged from 184.60 to 184.60 over the past decade. 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 TMK Energy and its competitors. TMK Energy'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 TMK Energy stock overvalued right now?
TMK Energy (TMKEF) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. TMK Energy's overall GF Score™ is 35/100 with 2 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 TMK Energy (TMKEF), the current Beneish M-Score is 0.00 as of Jun. 26, 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.

TMK Energy Business Description

Industry EnergyOil & Gas
Other Exchanges TMK:Australia
Address 3 Richardson Street, West Perth, Perth, WA, AUS, 6005
TMK Energy Ltd is an oil and gas exploration company. It holds full ownership of the Gurvantes Coal Seam Gas Project in the South Gobi Basin of Mongolia and also holds a minority interest in the Talisman Depp Project, which contains the Napoleon Structure located in the Barrow-Dampier Sub-basin. TMK has conducted successful drilling and pilot production well tests in this region. The company aims to provide cleaner energy to address energy supply and infrastructure needs in Mongolia.
35GF Score

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