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Star Bulk CarriersATH:SBLK +2.22%72 Beneish M-Score is 0.00 as of Sep. 20, 2026. GuruFocus rates ATH:SBLK with a GF Score™ of 72/100. Among 978 Transportation companies, Star Bulk Carriers ranks better than 76.38% 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.
The historical rank and industry rank for Star Bulk Carriers's Beneish M-Score or its related term are showing as below:
During the past 13 years, the highest Beneish M-Score of Star Bulk Carriers was 0.00. The lowest was 0.00. And the median was 0.00.
Star Bulk Carriers Beneish M-Score Historical Data
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The historical data trend for Star Bulk Carriers'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.
For the Marine Shipping subindustry, Star Bulk Carriers'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.
Star Bulk Carriers Beneish M-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Star Bulk Carriers's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Star Bulk Carriers'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 Star Bulk Carriers 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 * 1.2768
+
0.528 * 0.6389
+
0.404 * 0.3603
+
0.892 * 1.0018
+
0.115 * 1.0637
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8582
+
4.679 * -0.041218
-
0.327 * 0.9075
=
-2.80
* 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))
=
(158.805 / (158.805 + 2821.822))
/
(139.322 / (139.322 + 2642.108))
=
0.053279
/
0.05009
=
1.0637
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
=
(247.866 - -6.143
-
391.9)
/
3345.413
=
-0.041218
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.
Star Bulk Carriers has a M-score of -2.80 suggests that the company is unlikely to be a manipulator.
Star Bulk Carriers (ATH:SBLK) has a Beneish M-Score of 0.00 as of Sep. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Star Bulk Carriers and its competitors. According to the industry distribution chart, Star Bulk Carriers ranks #231 out of 978 companies in the Transportation industry, placing it in the top 23.6%.
Is Star Bulk Carriers' Beneish M-Score too high?
Star Bulk Carriers' current Beneish M-Score is 0.00. Based on the distribution chart, Star Bulk Carriers ranks #231 out of 978 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Star Bulk Carriers has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Star Bulk Carriers' Beneish M-Score compare to ?
According to the Transportation industry distribution chart, Star Bulk Carriers ranks #231 out of 978 companies for Beneish M-Score. This places Star Bulk Carriers in the top 24% 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 a Transportation company?
A good Beneish M-Score depends on the Transportation 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 Star Bulk Carriers and its competitors. Star Bulk Carriers'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 Star Bulk Carriers stock overvalued right now?
Star Bulk Carriers (ATH:SBLK) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Star Bulk Carriers' overall GF Score™ is 72/100. 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 Star Bulk Carriers (ATH:SBLK), the current Beneish M-Score is 0.00 as of Sep. 20, 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.
Star Bulk Carriers Corp provides seaborne transportation solutions in the dry bulk sector. The company owns and operates dry bulk carrier vessels, which are used to transport bulk, such as iron ore, coal, grains, bauxite, fertilizers, and steel products. It owns a fleet of vessels that consists of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax. The firm generates the majority of its revenue from Time charters and Voyage charters.
72GF Score
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