Cobra Venture (TSXV:CBV) Beneish M-Score: -3.71 (As of Jun. 25, 2026)

What is Cobra Venture Beneish M-Score?

Cobra Venture TSXV:CBV +900.00% 27 Beneish M-Score is -3.71 as of Jun. 25, 2026. GuruFocus rates TSXV:CBV with a GF Score™ of 27/100 and a GF Value™ of C$0.12. The stock has 5 warning signs investors should review.

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 -3.71 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSXV:CBV' s Beneish M-Score Range Over the Past 10 Years
Min: -145.71 Med: -2.81 Max: 2.46
Current: -3.71

During the past 13 years, the highest Beneish M-Score of Cobra Venture was 2.46. The lowest was -145.71. And the median was -2.81.

Cobra Venture Beneish M-Score Related Terms

Cobra Venture Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Cobra Venture'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.

Cobra Venture Beneish M-Score Chart

Cobra Venture Annual Data

Trend

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Nov25

Beneish M-Score

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-2.77

-4.05

-1.05

-3.52

-2.92

Cobra Venture Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26
Beneish M-Score	Get a 7-Day Free Trial															-2.48	-4.01	-3.54	-2.92	-3.71

TSXV:CBV vs COP, EOG, OXY: Beneish M-Score Comparison

For the Oil & Gas E&P subindustry, Cobra Venture'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.

Cobra Venture Beneish M-Score vs Oil & Gas Industry

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

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

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27GF Score

Cobra Venture Corp TSXV:CBV

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Cobra Venture 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 Cobra Venture for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.8083

0.528 * 1.0275

0.404 * 1.1408

0.892 * 0.7024

0.115 * 0.9586

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 2.527

4.679 * -0.078886

0.327 * 1.6811

-3.71

This Year (Feb26) TTM:

Last Year (Feb25) TTM:

Total Receivables was C$0.09 Mil.
Revenue was 0.206 + 0.204 + 0.278 + 0.268 = C$0.96 Mil.
Gross Profit was 0.054 + 0.137 + 0.113 + 0.113 = C$0.42 Mil.
Total Current Assets was C$2.19 Mil.
Total Assets was C$2.59 Mil.
Property, Plant and Equipment(Net PPE) was C$0.25 Mil.
Depreciation, Depletion and Amortization(DDA) was C$0.13 Mil.
Selling, General, & Admin. Expense(SGA) was C$0.36 Mil.
Total Current Liabilities was C$0.08 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.
Net Income was -0.264 + -0.028 + -0.066 + -0.032 = C$-0.39 Mil.
Non Operating Income was -0.002 + 0 + -0.001 + 0.005 = C$0.00 Mil.
Cash Flow from Operations was -0.197 + 0.068 + -0.063 + 0.004 = C$-0.19 Mil.

Total Receivables was C$0.16 Mil.
Revenue was 0.346 + 0.263 + 0.354 + 0.398 = C$1.36 Mil.
Gross Profit was 0.144 + 0.134 + 0.148 + 0.184 = C$0.61 Mil.
Total Current Assets was C$2.43 Mil.
Total Assets was C$2.95 Mil.
Property, Plant and Equipment(Net PPE) was C$0.37 Mil.
Depreciation, Depletion and Amortization(DDA) was C$0.18 Mil.
Selling, General, & Admin. Expense(SGA) was C$0.20 Mil.
Total Current Liabilities was C$0.06 Mil.
Long-Term Debt & Capital Lease Obligation was C$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)
	=	(0.088 / 0.956)	/	(0.155 / 1.361)
	=	0.09205	/	0.113887
	=	0.8083

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)
	=	(0.61 / 1.361)	/	(0.417 / 0.956)
	=	0.4482	/	0.436192
	=	1.0275

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 - (2.188 + 0.248) / 2.586)	/	(1 - (2.431 + 0.369) / 2.95)
	=	0.058005	/	0.050847
	=	1.1408

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
	=	0.956	/	1.361
	=	0.7024

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))
	=	(0.176 / (0.176 + 0.369))	/	(0.126 / (0.126 + 0.248))
	=	0.322936	/	0.336898
	=	0.9586

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)
	=	(0.355 / 0.956)	/	(0.2 / 1.361)
	=	0.371339	/	0.146951
	=	2.527

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 + 0.084) / 2.586)	/	((0 + 0.057) / 2.95)
	=	0.032483	/	0.019322
	=	1.6811

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
	=	(-0.39 - 0.002	-	-0.188)	/	2.586
	=	-0.078886

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.

Cobra Venture has a M-score of -3.71 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of -3.71 mean?

Cobra Venture (TSXV:CBV) has a Beneish M-Score of -3.71 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Cobra Venture and its competitors.

Is Cobra Venture's Beneish M-Score too high?

Cobra Venture's current Beneish M-Score is -3.71. Overall, Cobra Venture has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.

How does Cobra Venture's Beneish M-Score compare to COP and EOG?

Cobra Venture's Beneish M-Score of -3.71 can be compared against companies in the Oil & Gas 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 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 Cobra Venture and its competitors. Cobra Venture's current Beneish M-Score is -3.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Cobra Venture stock overvalued right now?

Cobra Venture (TSXV:CBV) has a current Beneish M-Score of -3.71. The stock's GF Value™ is C$0.12, compared to a current price of C$1.40 — trading 1066.7% above its estimated fair value. The current Beneish M-Score is -3.71. Cobra Venture's overall GF Score™ is 27/100 with 5 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 Cobra Venture (TSXV:CBV), the current Beneish M-Score is -3.71 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 Cobra Venture (TSXV:CBV) Overvalued in 2026?

Based on GuruFocus' analysis, Cobra Venture stock appears to be overvalued. The current stock price of C$1.40 is trading 1066.7% above its estimated GF Value™ of C$0.12.

Key valuation signals for TSXV:CBV:

Beneish M-Score: -3.71
GF Value™: C$0.12 vs. price of C$1.40 (1066.7% above fair value)
GF Score™: 27/100 with 5 warning signs

No single metric tells the full story. See the TSXV:CBV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Cobra Venture Business Description

Industry Energy Oil & Gas

Comparable Companies TSXV:JEC XCNQ:OIL TSXV:TTG TSXV:PWH TSXV:OEC.H XCNQ:WDGY XCNQ:SQX TSXV:XL TSXV:NGY TSXV:PNN COP HKSE:00883 EOG TSX:CNQ MIC:NVTK OXY FANG ASX:WDS EQT EXE

Address 2489 Bellevue Avenue, West Vancouver, BC, CAN, V7V 1E1

Website https://www.cobraventure.com

Cobra Venture Corp is a junior oil and gas company that is focused on the exploration and development of petroleum and natural gas interests in Canada. The company's properties are the San Joaquin Basin Project, California, and Gull Lake, Saskatchewan. The company operates in one business segment, being the exploration and development of oil and gas interests, in Canada.

27GF Score

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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$1.40

Price

C$0.12

GF Value

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