ARMK (Aramark) Beneish M-Score: -2.53 (As of Jun. 24, 2026)

What is Aramark Beneish M-Score?

Aramark ARMK +0.48% 83 Beneish M-Score is -2.53 as of Jun. 24, 2026. GuruFocus rates ARMK with a GF Score™ of 83/100 and a GF Value™ of $40.78 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,020 Business Services companies, Aramark ranks worse than 52.06% 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 -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ARMK' s Beneish M-Score Range Over the Past 10 Years
Min: -2.86 Med: -2.6 Max: -1.85
Current: -2.53

During the past 13 years, the highest Beneish M-Score of Aramark was -1.85. The lowest was -2.86. And the median was -2.60.

Aramark Beneish M-Score Related Terms

Aramark Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Aramark'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.

Aramark Beneish M-Score Chart

Aramark Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

Beneish M-Score

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-2.63

-2.19

-2.58

-2.64

-2.63

Aramark Quarterly Data
	Jun21	Sep21	Dec21	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															-2.66	-2.56	-2.63	-2.51	-2.53

ARMK vs ULS, GPN, AMTM: Beneish M-Score Comparison

For the Specialty Business Services subindustry, Aramark'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.

Aramark Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Aramark's Beneish M-Score distribution charts can be found below:

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

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83GF Score

Aramark ARMK

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

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Aramark 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 Aramark 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 * 1.0069

0.528 * 1.0095

0.404 * 0.999

0.892 * 1.1015

0.115 * 0.9956

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9655

4.679 * -0.037083

0.327 * 0.9611

-2.53

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was $2,475 Mil.
Revenue was 4907.342 + 4831.549 + 5048.464 + 4626.451 = $19,414 Mil.
Gross Profit was 426.442 + 416.176 + 416.024 + 370.108 = $1,629 Mil.
Total Current Assets was $3,746 Mil.
Total Assets was $13,841 Mil.
Property, Plant and Equipment(Net PPE) was $2,612 Mil.
Depreciation, Depletion and Amortization(DDA) was $504 Mil.
Selling, General, & Admin. Expense(SGA) was $287 Mil.
Total Current Liabilities was $3,090 Mil.
Long-Term Debt & Capital Lease Obligation was $6,323 Mil.
Net Income was 101.95 + 96.161 + 87.138 + 71.783 = $357 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0 Mil.
Cash Flow from Operations was 400.252 + -782.2 + 1175.562 + 76.677 = $870 Mil.

Total Receivables was $2,232 Mil.
Revenue was 4279.298 + 4552.086 + 4416.947 + 4376.076 = $17,624 Mil.
Gross Profit was 359.598 + 400.854 + 397.026 + 335.21 = $1,493 Mil.
Total Current Assets was $3,840 Mil.
Total Assets was $13,489 Mil.
Property, Plant and Equipment(Net PPE) was $2,349 Mil.
Depreciation, Depletion and Amortization(DDA) was $451 Mil.
Selling, General, & Admin. Expense(SGA) was $270 Mil.
Total Current Liabilities was $3,184 Mil.
Long-Term Debt & Capital Lease Obligation was $6,362 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)
	=	(2475.099 / 19413.806)	/	(2231.537 / 17624.407)
	=	0.127492	/	0.126616
	=	1.0069

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)
	=	(1492.688 / 17624.407)	/	(1628.75 / 19413.806)
	=	0.084694	/	0.083896
	=	1.0095

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 - (3746.061 + 2611.8) / 13840.65)	/	(1 - (3839.766 + 2349.278) / 13489.36)
	=	0.540639	/	0.541191
	=	0.999

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
	=	19413.806	/	17624.407
	=	1.1015

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))
	=	(451.148 / (451.148 + 2349.278))	/	(504.196 / (504.196 + 2611.8))
	=	0.1611	/	0.161809
	=	0.9956

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)
	=	(286.801 / 19413.806)	/	(269.674 / 17624.407)
	=	0.014773	/	0.015301
	=	0.9655

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)
	=	((6323.142 + 3089.718) / 13840.65)	/	((6362.128 + 3183.508) / 13489.36)
	=	0.680088	/	0.707642
	=	0.9611

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
	=	(357.032 - 0	-	870.291)	/	13840.65
	=	-0.037083

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.

Aramark has a M-score of -2.53 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 -2.53 mean?

Aramark (ARMK) has a Beneish M-Score of -2.53 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Aramark and its competitors. According to the industry distribution chart, Aramark ranks #531 out of 1020 companies in the Business Services industry, placing it in the top 52.1%.

Is Aramark's Beneish M-Score too high?

Aramark's current Beneish M-Score is -2.53. Based on the distribution chart, Aramark ranks #531 out of 1020 companies in the Business Services industry, which is below the industry midpoint. Overall, Aramark has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Aramark's Beneish M-Score compare to ULS and GPN?

According to the Business Services industry distribution chart, Aramark ranks #531 out of 1020 companies for Beneish M-Score. This places Aramark 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 a Business Services company?

A good Beneish M-Score depends on the Business Services 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 Aramark and its competitors. Aramark's current Beneish M-Score is -2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Aramark stock overvalued right now?

Based on GuruFocus' analysis, Aramark (ARMK) is currently considered Significantly Overvalued. The stock's GF Value™ is $40.78, compared to a current price of $54.02 — trading 32.5% above its estimated fair value. The current Beneish M-Score is -2.53. Aramark's overall GF Score™ is 83/100 with 8 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 Aramark (ARMK), the current Beneish M-Score is -2.53 as of Jun. 24, 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 Aramark (ARMK) Overvalued in 2026?

Based on GuruFocus' analysis, Aramark stock appears to be overvalued. The current stock price of $54.02 is trading 32.5% above its estimated GF Value™ of $40.78. GuruFocus considers Aramark to be Significantly Overvalued.

Key valuation signals for ARMK:

Beneish M-Score: -2.53
GF Value™: $40.78 vs. price of $54.02 (32.5% above fair value)
GF Score™: 83/100 with 8 warning signs

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

Aramark Business Description

Industry Industrials Business Services

Comparable Companies ULS GPN AMTM DLB UNF AZZ MMS FA CMPR ABM CTAS LSE:REL TSX:TRI CPRT TSX:RBA ASX:BXB XAMS:WKL LSE:RTO LSE:ITRK XPAR:SW

Other Exchanges 0HHB:UK 0AK:Germany

Address 2400 Market Street, Philadelphia, PA, USA, 19103

Website https://www.aramark.com

Aramark, founded in 1936 and headquartered in Philadelphia, Pennsylvania, operates as a food service company providing facility management and workplace solutions. The company primarily generates revenue from its North American food and support services segment, serving clients such as schools, healthcare facilities, and entertainment venues.

83GF Score

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

$54.02

Price

$40.78

GF Value

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