Inter RAO Lietuva AB (WAR:IRL) Beneish M-Score: 0.00 (As of Jul. 27, 2026)

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Inter RAO Lietuva AB WAR:IRL

4 GF Score

Price zł11.54

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What is Inter RAO Lietuva AB Beneish M-Score?

Inter RAO Lietuva AB WAR:IRL 4 Beneish M-Score is 0.00 as of Jul. 27, 2026. GuruFocus rates WAR:IRL with a GF Score™ of 4/100.

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 Inter RAO Lietuva AB's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Inter RAO Lietuva AB was 3.19. The lowest was -3.86. And the median was -2.81.

Inter RAO Lietuva AB Beneish M-Score Related Terms

Inter RAO Lietuva AB Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Inter RAO Lietuva AB'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.

Inter RAO Lietuva AB Beneish M-Score Chart

Inter RAO Lietuva AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Beneish M-Score

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-3.41

-1.21

3.19

0.00

Inter RAO Lietuva AB Semi-Annual Data
	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23	Dec24
Beneish M-Score	Get a 7-Day Free Trial									-3.41	-1.21	3.19	0.00	0.00

Inter RAO Lietuva AB Beneish M-Score Competitor Comparison

For the Utilities - Independent Power Producers subindustry, Inter RAO Lietuva AB'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.

Inter RAO Lietuva AB Beneish M-Score vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Inter RAO Lietuva AB's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Inter RAO Lietuva AB's Beneish M-Score falls into.

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Inter RAO Lietuva AB WAR:IRL

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

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Inter RAO Lietuva AB 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 Inter RAO Lietuva AB 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 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Dec24) TTM:

Last Year (Dec23) TTM:

Total Receivables was zł61.40 Mil.
Revenue was zł0.00 Mil.
Gross Profit was zł0.00 Mil.
Total Current Assets was zł139.48 Mil.
Total Assets was zł186.37 Mil.
Property, Plant and Equipment(Net PPE) was zł0.68 Mil.
Depreciation, Depletion and Amortization(DDA) was zł0.31 Mil.
Selling, General, & Admin. Expense(SGA) was zł1.13 Mil.
Total Current Liabilities was zł90.73 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.00 Mil.
Net Income was zł-3.16 Mil.
Gross Profit was zł0.00 Mil.
Cash Flow from Operations was zł-2.50 Mil.

Total Receivables was zł64.28 Mil.
Revenue was zł0.00 Mil.
Gross Profit was zł-0.03 Mil.
Total Current Assets was zł147.45 Mil.
Total Assets was zł196.61 Mil.
Property, Plant and Equipment(Net PPE) was zł1.02 Mil.
Depreciation, Depletion and Amortization(DDA) was zł0.33 Mil.
Selling, General, & Admin. Expense(SGA) was zł2.37 Mil.
Total Current Liabilities was zł93.74 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.00 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)
	=	(61.396 / 0)	/	(64.284 / 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)
	=	(-0.029 / 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 - (139.479 + 0.677) / 186.373)	/	(1 - (147.451 + 1.024) / 196.608)
	=	0.247981	/	0.244817
	=

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))
	=	(0.327 / (0.327 + 1.024))	/	(0.306 / (0.306 + 0.677))
	=	0.242043	/	0.311292
	=

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)
	=	(1.134 / 0)	/	(2.366 / 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 + 90.733) / 186.373)	/	((0 + 93.739) / 196.608)
	=	0.486836	/	0.476781
	=

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
	=	(-3.156 - 0	-	-2.495)	/	186.373
	=	-0.003547

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?

Inter RAO Lietuva AB (WAR:IRL) has a Beneish M-Score of 0.00 as of Jul. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Inter RAO Lietuva AB and its competitors.

Is Inter RAO Lietuva AB's Beneish M-Score too high?

Inter RAO Lietuva AB's current Beneish M-Score is 0.00. Overall, Inter RAO Lietuva AB has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.

How does Inter RAO Lietuva AB's Beneish M-Score compare to competitors?

Inter RAO Lietuva AB's Beneish M-Score of 0.00 can be compared against companies in the Utilities - Independent Power Producers 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 - Independent Power Producers company?

A good Beneish M-Score depends on the Utilities - Independent Power Producers 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 Inter RAO Lietuva AB and its competitors. Inter RAO Lietuva AB'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 Inter RAO Lietuva AB stock overvalued right now?

Inter RAO Lietuva AB (WAR:IRL) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Inter RAO Lietuva AB's overall GF Score™ is 4/100. 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 Inter RAO Lietuva AB (WAR:IRL), the current Beneish M-Score is 0.00 as of Jul. 27, 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.

Inter RAO Lietuva AB Business Description

Industry Utilities Utilities - Independent Power Producers

Comparable Companies PHS:PERC KAR:SPWL MUS:KPCS MIC:TGKB KAR:EPQL KAR:ALTN OSL:NSOL XSGO:ENLASA KAR:NPL MUS:DGEN

Address A. Tumeno Street 4, Block B, Vilnius, LTU, LT-01109

Website https://www.interrao.lt

Inter RAO Lietuva AB along with its subsidiaries is engaged in the production, wholesale and retail trade of electricity in Lithuania. The company also owns a wind farm in western Lithuania. It imports and exports electricity, wholesale of electricity in the Baltic countries based on contracts and in the electricity exchange, retail trade of electricity in the Baltic countries, regulation and balancing services or suppliers and transmission system operators, wind energy, and investment.

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