Coal EnergyWAR:CLE +0.30%42 Beneish M-Score is 39.85 as of Jun. 26, 2026. GuruFocus rates WAR:CLE with a GF Score™ of 42/100 and a GF Value™ of zł2.49 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 119 Other Energy Sources companies, Coal Energy ranks worse than 100% 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.
Warning Sign:
Beneish M-Score 39.85 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Coal Energy's Beneish M-Score or its related term are showing as below:
WAR:CLE'
s Beneish M-Score Range Over the Past 10 Years
Min: -57.16 Med: -2.39 Max: 45.35
Current: 39.85
During the past 13 years, the highest Beneish M-Score of Coal Energy was 45.35. The lowest was -57.16. And the median was -2.39.
Coal Energy Beneish M-Score Related Terms
Coal Energy Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Coal 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.
For the Thermal Coal subindustry, Coal 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.
Coal Energy Beneish M-Score vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Coal Energy's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Coal Energy'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 Coal 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 * 0.7873
+
0.528 * 7.9653
+
0.404 * 1.3737
+
0.892 * 0.6101
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 2.1823
+
4.679 * 8.34771
-
0.327 * 0.4199
=
39.85
* 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))
=
(0 / (0 + 0.062))
/
(0.058 / (0.058 + 0.36))
=
0
/
0.138756
=
1
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
=
(11.531 - 0
-
-7.243)
/
2.249
=
8.34771
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.
Coal Energy has a M-score of 39.85 signals that the company is likely to be a manipulator.
Coal Energy (WAR:CLE) has a Beneish M-Score of 39.85 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Coal Energy and its competitors. According to the industry distribution chart, Coal Energy ranks #119 out of 119 companies in the Other Energy Sources industry.
Is Coal Energy's Beneish M-Score too high?
Coal Energy's current Beneish M-Score is 39.85. Based on the distribution chart, Coal Energy ranks #119 out of 119 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, Coal Energy has a GF Score™ of 42/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Coal Energy's Beneish M-Score compare to CNR?
According to the Other Energy Sources industry distribution chart, Coal Energy ranks #119 out of 119 companies for Beneish M-Score. This places Coal Energy 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 an Other Energy Sources company?
A good Beneish M-Score depends on the Other Energy Sources 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 Coal Energy and its competitors. Coal Energy's current Beneish M-Score is 39.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coal Energy stock overvalued right now?
Based on GuruFocus' analysis, Coal Energy (WAR:CLE) is currently considered Modestly Undervalued. The stock's GF Value™ is zł2.49, compared to a current price of zł2.03 — trading 18.5% below its estimated fair value. The current Beneish M-Score is 39.85. Coal Energy's overall GF Score™ is 42/100 with 4 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 Coal Energy (WAR:CLE), the current Beneish M-Score is 39.85 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.
Is Coal Energy (WAR:CLE) Overvalued in 2026?
Based on GuruFocus' analysis, Coal Energy stock appears to be undervalued.
The current stock price of zł2.03 is trading 18.5% below its estimated GF Value™ of zł2.49.
GuruFocus considers Coal Energy to be Modestly Undervalued.
Key valuation signals for WAR:CLE:
Beneish M-Score: 39.85
GF Value™: zł2.49 vs. price of zł2.03 (18.5% below fair value)
No single metric tells the full story. See the WAR:CLE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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