XTERF (Olive Resource Capital) Beneish M-Score: 0.00 (As of Jul. 04, 2026)


XTERF Olive Resource Capital Inc XTERF
31 GF Score
Price $0.04
GF Value $0.13
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What is Olive Resource Capital Beneish M-Score?

Olive Resource Capital XTERF 31 Beneish M-Score is 0.00 as of Jul. 04, 2026. GuruFocus rates XTERF with a GF Score™ of 31/100 and a GF Value™ of $0.13. Among 683 Metals & Mining companies, Olive Resource Capital ranks worse than 146412.74% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 Olive Resource Capital's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Olive Resource Capital was 34.15. The lowest was 22.55. And the median was 28.35.

XTERF
31GF Score
Olive Resource Capital Inc XTERF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Olive Resource Capital 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 Olive Resource Capital 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $0.00 Mil.
Revenue was 1.034 + 1.669 + 4.307 + 0.873 = $7.88 Mil.
Gross Profit was 1.034 + 1.669 + 4.307 + 0.873 = $7.88 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $12.74 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $1.25 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was 0.854 + 1.284 + 3.737 + 0.68 = $6.56 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was 0.193 + -0.526 + 0.695 + 0.026 = $0.39 Mil.
 Total Receivables was $0.00 Mil.
Revenue was 0.867 + -0.211 + 0.233 + 0.198 = $1.09 Mil.
Gross Profit was 0.867 + -0.211 + 0.233 + 0.198 = $1.09 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $5.26 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.36 Mil.
Total Current Liabilities was $0.00 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 / 7.883) / (0 / 1.087)
=0 / 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)
=(1.087 / 1.087) / (7.883 / 7.883)
=1 / 1
=

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 - (0 + 0) / 12.741) / (1 - (0 + 0) / 5.257)
=1 / 1
=

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
=7.883 / 1.087
=

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 / (0 + 0)) / (0 / (0 + 0))
= /
=

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)
=(1.253 / 7.883) / (0.36 / 1.087)
=0.15895 / 0.331187
=

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) / 12.741) / ((0 + 0) / 5.257)
=0 / 0
=

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
=(6.555 - 0 - 0.388) / 12.741
=0.484028

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?
Olive Resource Capital (XTERF) has a Beneish M-Score of 0.00 as of Jul. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Olive Resource Capital and its competitors. Over the past decade, Olive Resource Capital's Beneish M-Score has ranged from 22.55 to 34.15. According to the industry distribution chart, Olive Resource Capital ranks #999999 out of 683 companies in the Metals & Mining industry.
Is Olive Resource Capital's Beneish M-Score too high?
Olive Resource Capital's current Beneish M-Score is 0.00. Over the past 10 years, this metric has ranged from a low of 22.55 to a high of 34.15. Based on the distribution chart, Olive Resource Capital ranks #999999 out of 683 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Olive Resource Capital has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Olive Resource Capital's Beneish M-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Olive Resource Capital ranks #999999 out of 683 companies for Beneish M-Score. This places Olive Resource Capital in the lower half of its industry. Historically, Olive Resource Capital's own Beneish M-Score has ranged from 22.55 to 34.15 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 a Metals & Mining company?
A good Beneish M-Score depends on the Metals & Mining 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 Olive Resource Capital and its competitors. Olive Resource Capital'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 Olive Resource Capital stock overvalued right now?
Olive Resource Capital (XTERF) has a current Beneish M-Score of 0.00. The stock's GF Value™ is $0.13, compared to a current price of $0.04 — trading 67.7% below its estimated fair value. The current Beneish M-Score is 0.00. Olive Resource Capital's overall GF Score™ is 31/100. 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 Olive Resource Capital (XTERF), the current Beneish M-Score is 0.00 as of Jul. 04, 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 Olive Resource Capital (XTERF) Overvalued in 2026?

Based on GuruFocus' analysis, Olive Resource Capital stock appears to be undervalued. The current stock price of $0.04 is trading 67.7% below its estimated GF Value™ of $0.13.

Key valuation signals for XTERF:

  • Beneish M-Score: 0.00
  • GF Value™: $0.13 vs. price of $0.04 (67.7% below fair value)
  • GF Score™: 31/100

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

Olive Resource Capital Business Description

Other Exchanges OC:Canada
Address 82 Richmond Street East, The Canadian Venture Building, Toronto, ON, CAN, M5C 1P1
Olive Resource Capital Inc is a resource-focused merchant bank and investment company with a portfolio of publicly listed and private securities. The Company's assets consist mainly of investments in natural resource companies in all stages of development.
31GF Score

Get the complete analysis for XTERF

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

$0.04
Price
$0.13
GF Value