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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 -2.31 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Isramco Negev 2 LP's Beneish M-Score or its related term are showing as below:
XTAE:ISRA'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.66 Med: -2.83 Max: -1.66
Current: -2.31
During the past 13 years, the highest Beneish M-Score of Isramco Negev 2 LP was -1.66. The lowest was -3.66. And the median was -2.83.
Isramco Negev 2 LP Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Isramco Negev 2 LP'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.
XTAE:ISRA vs COP, EOG, FANG: Beneish M-Score Comparison
For the Oil & Gas E&P subindustry, Isramco Negev 2 LP'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.
Isramco Negev 2 LP Beneish M-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Isramco Negev 2 LP's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Isramco Negev 2 LP'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 Isramco Negev 2 LP 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 * 1.1718
+
0.528 * 1.0383
+
0.404 * 1.5205
+
0.892 * 0.9814
+
0.115 * 1.0335
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.3079
+
4.679 * -0.026273
-
0.327 * 1.0823
=
-2.31
* 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))
=
(179.135 / (179.135 + 3211.552))
/
(171.121 / (171.121 + 3176.446))
=
0.052831
/
0.051118
=
1.0335
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
=
(355.358 - 0
-
462.874)
/
4092.236
=
-0.026273
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.
Isramco Negev 2 LP has a M-score of -2.31 suggests that the company is unlikely to be a manipulator.
Isramco Negev 2 LP (XTAE:ISRA) has a Beneish M-Score of -2.31 as of Aug. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Isramco Negev 2 LP and its competitors. According to the industry distribution chart, Isramco Negev 2 LP ranks #578 out of 833 companies in the Oil & Gas industry, placing it in the top 69.4%.
Is Isramco Negev 2 LP's Beneish M-Score too high?
Isramco Negev 2 LP's current Beneish M-Score is -2.31. Based on the distribution chart, Isramco Negev 2 LP ranks #578 out of 833 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Isramco Negev 2 LP has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Isramco Negev 2 LP's Beneish M-Score compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Isramco Negev 2 LP ranks #578 out of 833 companies for Beneish M-Score. This places Isramco Negev 2 LP 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 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 Isramco Negev 2 LP and its competitors. Isramco Negev 2 LP's current Beneish M-Score is -2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Isramco Negev 2 LP stock overvalued right now?
Based on GuruFocus' analysis, Isramco Negev 2 LP (XTAE:ISRA) is currently considered Fairly Valued. The stock's GF Value™ is ₪2.06, compared to a current price of ₪2.00 — trading 3.1% below its estimated fair value. The current Beneish M-Score is -2.31. Isramco Negev 2 LP's overall GF Score™ is 73/100 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 Isramco Negev 2 LP (XTAE:ISRA), the current Beneish M-Score is -2.31 as of Aug. 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 Isramco Negev 2 LP (XTAE:ISRA) Overvalued in 2026?
Based on GuruFocus' analysis, Isramco Negev 2 LP stock appears to be undervalued.
The current stock price of ₪2.00 is trading 3.1% below its estimated GF Value™ of ₪2.06.
GuruFocus considers Isramco Negev 2 LP to be Fairly Valued.
Key valuation signals for XTAE:ISRA:
Beneish M-Score: -2.31
GF Value™: ₪2.06 vs. price of ₪2.00 (3.1% below fair value)
No single metric tells the full story. See the XTAE:ISRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Isramco Negev 2 LP is principally engaged in the exploration, development, and production of oil, natural gas, and condensate, with operations based in Israel and some interests potentially in regional fields.
73GF Score
Get the complete analysis for XTAE:ISRA
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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