ZEFIF (Zefiro Methane) Beneish M-Score: -3.32 (As of Jul. 04, 2026)

What is Zefiro Methane Beneish M-Score?

Zefiro Methane ZEFIF -3.63% 12 Beneish M-Score is -3.32 as of Jul. 04, 2026. GuruFocus rates ZEFIF with a GF Score™ of 12/100. The stock has 3 warning signs investors should review. Among 822 Oil & Gas companies, Zefiro Methane ranks better than 83.45% 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.

Good Sign:

Beneish M-Score -3.32 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ZEFIF' s Beneish M-Score Range Over the Past 10 Years
Min: -5.45 Med: -3.85 Max: 0.47
Current: -3.32

During the past 4 years, the highest Beneish M-Score of Zefiro Methane was 0.47. The lowest was -5.45. And the median was -3.85.

Zefiro Methane Beneish M-Score Related Terms

Zefiro Methane Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Zefiro Methane'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.

Zefiro Methane Beneish M-Score Chart

Zefiro Methane Annual Data

Trend

Jun22

Jun23

Jun24

Jun25

Beneish M-Score

0.00

0.47

-5.45

Zefiro Methane Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial												-4.65	-5.45	-5.00	-4.21	-3.32

ZEFIF vs SLB, BKR, HAL: Beneish M-Score Comparison

For the Oil & Gas Equipment & Services subindustry, Zefiro Methane'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.

Zefiro Methane Beneish M-Score vs Oil & Gas Industry

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

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

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Zefiro Methane Corp ZEFIF

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

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Zefiro Methane 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 Zefiro Methane 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 * 1.2713

0.528 * 0.7128

0.404 * 0.7723

0.892 * 1.2171

0.115 * 1.0552

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.5654

4.679 * -0.231448

0.327 * 0.9178

-3.26

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was $6.13 Mil.
Revenue was 11.007 + 10.046 + 12.139 + 7.97 = $41.16 Mil.
Gross Profit was 2.563 + 3.165 + 4.935 + 2.612 = $13.28 Mil.
Total Current Assets was $6.64 Mil.
Total Assets was $21.09 Mil.
Property, Plant and Equipment(Net PPE) was $9.45 Mil.
Depreciation, Depletion and Amortization(DDA) was $3.26 Mil.
Selling, General, & Admin. Expense(SGA) was $9.30 Mil.
Total Current Liabilities was $11.90 Mil.
Long-Term Debt & Capital Lease Obligation was $2.84 Mil.
Net Income was -1.003 + -0.327 + 0.627 + -1.197 = $-1.90 Mil.
Non Operating Income was -0.293 + -0.038 + -0.032 + -0.91 = $-1.27 Mil.
Cash Flow from Operations was 1.719 + 0.62 + 1.785 + 0.13 = $4.25 Mil.

Total Receivables was $3.96 Mil.
Revenue was 6.948 + 7.482 + 10.006 + 9.385 = $33.82 Mil.
Gross Profit was 1.011 + 0.582 + 3.262 + 2.92 = $7.78 Mil.
Total Current Assets was $4.59 Mil.
Total Assets was $22.11 Mil.
Property, Plant and Equipment(Net PPE) was $10.74 Mil.
Depreciation, Depletion and Amortization(DDA) was $3.99 Mil.
Selling, General, & Admin. Expense(SGA) was $13.51 Mil.
Total Current Liabilities was $12.36 Mil.
Long-Term Debt & Capital Lease Obligation was $4.48 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)
	=	(6.133 / 41.162)	/	(3.964 / 33.821)
	=	0.148997	/	0.117205
	=	1.2713

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)
	=	(7.775 / 33.821)	/	(13.275 / 41.162)
	=	0.229887	/	0.322506
	=	0.7128

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 - (6.643 + 9.45) / 21.089)	/	(1 - (4.588 + 10.739) / 22.109)
	=	0.236901	/	0.306753
	=	0.7723

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
	=	41.162	/	33.821
	=	1.2171

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))
	=	(3.985 / (3.985 + 10.739))	/	(3.26 / (3.26 + 9.45))
	=	0.270647	/	0.256491
	=	1.0552

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)
	=	(9.296 / 41.162)	/	(13.509 / 33.821)
	=	0.225839	/	0.399426
	=	0.5654

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)
	=	((2.839 + 11.899) / 21.089)	/	((4.478 + 12.356) / 22.109)
	=	0.698848	/	0.761409
	=	0.9178

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
	=	(-1.9 - -1.273	-	4.254)	/	21.089
	=	-0.231448

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.

Zefiro Methane has a M-score of -3.26 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 -3.32 mean?

Zefiro Methane (ZEFIF) has a Beneish M-Score of -3.32 as of Jul. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Zefiro Methane and its competitors. According to the industry distribution chart, Zefiro Methane ranks #136 out of 822 companies in the Oil & Gas industry, placing it in the top 16.5%.

Is Zefiro Methane's Beneish M-Score too high?

Zefiro Methane's current Beneish M-Score is -3.32. Based on the distribution chart, Zefiro Methane ranks #136 out of 822 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Zefiro Methane has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Zefiro Methane's Beneish M-Score compare to SLB and BKR?

According to the Oil & Gas industry distribution chart, Zefiro Methane ranks #136 out of 822 companies for Beneish M-Score. This places Zefiro Methane in the top 17% of its industry — outperforming the majority of peers. 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 Zefiro Methane and its competitors. Zefiro Methane's current Beneish M-Score is -3.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Zefiro Methane stock overvalued right now?

Zefiro Methane (ZEFIF) has a current Beneish M-Score of -3.32. The current Beneish M-Score is -3.32. Zefiro Methane's overall GF Score™ is 12/100 with 3 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 Zefiro Methane (ZEFIF), the current Beneish M-Score is -3.32 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.

Zefiro Methane Business Description

Industry Energy Oil & Gas

Comparable Companies TSX:MCB TSX:SFD TSX:E TSXV:HOH TSX:HWO TSX:BRY TSXV:RFX TSX:FLNT TSX:PSD TSX:SHLE SLB BKR MIL:TEN HAL FTI SZSE:002353 OSL:SUBC MIL:SPM XPAR:GTT KGS

Other Exchanges Y6B:Germany ZEFI:Canada

Address 2630 - 1075 West Georgia Street, Vancouver, BC, CAN, V6E 3C9

Website https://www.zefiromethane.com

Zefiro Methane Corp provides environmental services focused on methane abatement for industrial oil and gas operations. It operates through three primary operations: detecting and monitoring methane leaks, plugging and retiring abandoned wells, and generating carbon offsets by reducing greenhouse gas emissions. The company's business model centers on addressing methane emissions from orphaned and abandoned wells across North America, offering solutions that support sustainability goals and provide environmental impact reduction. It has a single segment, being the provider of a range of turnkey solutions to plug onshore oil and gas wells across the Appalachian Basin. The Company's primary revenue streams include rig services, cementing, transportation, wireline services, and construction.

12GF Score

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$0.45

Price

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