ASPS (Altisource Portfolio Solutions) Beneish M-Score: -1.97 (As of Jun. 25, 2026)

What is Altisource Portfolio Solutions Beneish M-Score?

Altisource Portfolio Solutions ASPS -0.49% 41 Beneish M-Score is -1.97 as of Jun. 25, 2026. GuruFocus rates ASPS with a GF Score™ of 41/100 and a GF Value™ of $4.84 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,682 Real Estate companies, Altisource Portfolio Solutions ranks worse than 68.79% 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 -1.97 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ASPS' s Beneish M-Score Range Over the Past 10 Years
Min: -8.86 Med: -3.1 Max: -0.98
Current: -1.97

During the past 13 years, the highest Beneish M-Score of Altisource Portfolio Solutions was -0.98. The lowest was -8.86. And the median was -3.10.

Altisource Portfolio Solutions Beneish M-Score Related Terms

Altisource Portfolio Solutions Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Altisource Portfolio Solutions'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.

Altisource Portfolio Solutions Beneish M-Score Chart

Altisource Portfolio Solutions Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-0.98

-3.31

-3.99

-3.44

-1.63

Altisource Portfolio Solutions 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															-2.94	-2.01	-1.96	-1.63	-1.97

ASPS vs RFL, MAYS, EUDA: Beneish M-Score Comparison

For the Real Estate Services subindustry, Altisource Portfolio Solutions'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.

Altisource Portfolio Solutions Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Altisource Portfolio Solutions's Beneish M-Score distribution charts can be found below:

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

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41GF Score

Altisource Portfolio Solutions SA ASPS

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

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Altisource Portfolio Solutions 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 Altisource Portfolio Solutions 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 * 1.087

0.528 * 1.1078

0.404 * 0.9522

0.892 * 1.0671

0.115 * 0.8794

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9231

4.679 * 0.073118

0.327 * 1.0394

-1.97

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was $21.8 Mil.
Revenue was 47.584 + 42.34 + 41.908 + 43.288 = $175.1 Mil.
Gross Profit was 13.111 + 11.211 + 11.347 + 13.027 = $48.7 Mil.
Total Current Assets was $58.8 Mil.
Total Assets was $142.2 Mil.
Property, Plant and Equipment(Net PPE) was $1.3 Mil.
Depreciation, Depletion and Amortization(DDA) was $7.2 Mil.
Selling, General, & Admin. Expense(SGA) was $36.9 Mil.
Total Current Liabilities was $51.0 Mil.
Long-Term Debt & Capital Lease Obligation was $188.8 Mil.
Net Income was -0.635 + -7.227 + -2.396 + 16.582 = $6.3 Mil.
Non Operating Income was -0.149 + -7.593 + -0.061 + -0.627 = $-8.4 Mil.
Cash Flow from Operations was 4.453 + -0.505 + 0.718 + -0.306 = $4.4 Mil.

Total Receivables was $18.8 Mil.
Revenue was 43.439 + 41.013 + 40.531 + 39.121 = $164.1 Mil.
Gross Profit was 13.325 + 12.438 + 12.07 + 12.717 = $50.6 Mil.
Total Current Assets was $54.9 Mil.
Total Assets was $145.7 Mil.
Property, Plant and Equipment(Net PPE) was $2.5 Mil.
Depreciation, Depletion and Amortization(DDA) was $7.3 Mil.
Selling, General, & Admin. Expense(SGA) was $37.4 Mil.
Total Current Liabilities was $42.2 Mil.
Long-Term Debt & Capital Lease Obligation was $194.3 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)
	=	(21.801 / 175.12)	/	(18.794 / 164.104)
	=	0.124492	/	0.114525
	=	1.087

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)
	=	(50.55 / 164.104)	/	(48.696 / 175.12)
	=	0.308036	/	0.278072
	=	1.1078

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 - (58.83 + 1.276) / 142.154)	/	(1 - (54.909 + 2.463) / 145.659)
	=	0.577177	/	0.606121
	=	0.9522

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
	=	175.12	/	164.104
	=	1.0671

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))
	=	(7.278 / (7.278 + 2.463))	/	(7.208 / (7.208 + 1.276))
	=	0.747151	/	0.849599
	=	0.8794

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)
	=	(36.863 / 175.12)	/	(37.422 / 164.104)
	=	0.210501	/	0.228038
	=	0.9231

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)
	=	((188.841 + 50.991) / 142.154)	/	((194.258 + 42.177) / 145.659)
	=	1.687128	/	1.623209
	=	1.0394

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
	=	(6.324 - -8.43	-	4.36)	/	142.154
	=	0.073118

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.

Altisource Portfolio Solutions has a M-score of -1.97 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 -1.97 mean?

Altisource Portfolio Solutions (ASPS) has a Beneish M-Score of -1.97 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Altisource Portfolio Solutions and its competitors. According to the industry distribution chart, Altisource Portfolio Solutions ranks #1157 out of 1682 companies in the Real Estate industry, placing it in the top 68.8%.

Is Altisource Portfolio Solutions' Beneish M-Score too high?

Altisource Portfolio Solutions' current Beneish M-Score is -1.97. Based on the distribution chart, Altisource Portfolio Solutions ranks #1157 out of 1682 companies in the Real Estate industry, which is below the industry midpoint. Overall, Altisource Portfolio Solutions has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Altisource Portfolio Solutions' Beneish M-Score compare to RFL and MAYS?

According to the Real Estate industry distribution chart, Altisource Portfolio Solutions ranks #1157 out of 1682 companies for Beneish M-Score. This places Altisource Portfolio Solutions 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 Real Estate company?

A good Beneish M-Score depends on the Real Estate 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 Altisource Portfolio Solutions and its competitors. Altisource Portfolio Solutions's current Beneish M-Score is -1.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Altisource Portfolio Solutions stock overvalued right now?

Based on GuruFocus' analysis, Altisource Portfolio Solutions (ASPS) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.84, compared to a current price of $7.04 — trading 45.5% above its estimated fair value. The current Beneish M-Score is -1.97. Altisource Portfolio Solutions' overall GF Score™ is 41/100 with 4 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 Altisource Portfolio Solutions (ASPS), the current Beneish M-Score is -1.97 as of Jun. 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 Altisource Portfolio Solutions (ASPS) Overvalued in 2026?

Based on GuruFocus' analysis, Altisource Portfolio Solutions stock appears to be overvalued. The current stock price of $7.04 is trading 45.5% above its estimated GF Value™ of $4.84. GuruFocus considers Altisource Portfolio Solutions to be Significantly Overvalued.

Key valuation signals for ASPS:

Beneish M-Score: -1.97
GF Value™: $4.84 vs. price of $7.04 (45.5% above fair value)
GF Score™: 41/100 with 4 warning signs

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

Altisource Portfolio Solutions Business Description

Industry Real Estate Real Estate

Comparable Companies RFL MAYS EUDA CPTP DUO CNXX STHO OPAD NYC FTHM STC:VIC CBRE ISX:DCII XMAD:CLNX TSE:8830 XTER:VNA XTAE:AZRG BEKE HKSE:01972 ADX:MODON

Other Exchanges 95A:Germany

Address 33, Boulevard Prince Henri, Luxembourg, LUX, 1724

Website https://www.altisource.com

Altisource Portfolio Solutions SA is an integrated service provider and marketplace for the real estate and mortgage industries. It operates via two reportable segments, namely Servicer and Real Estate, which derive maximum revenue, and Origination. The Servicer and Real Estate segment provides loan servicers and real estate investors with solutions and technologies that span the mortgage and real estate lifecycle. The Origination segment provides originators with solutions and technologies that span the mortgage origination lifecycle. Altisource mainly serves financial institutions, government-sponsored enterprises, and originators in the United States, with the majority of its revenue flowing from field services and mortgage and real estate solutions.

41GF Score

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

$7.04

Price

$4.84

GF Value

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