BN (Brookfield) Beneish M-Score: -2.88 (As of Jul. 07, 2026)


BN Brookfield Corp BN
66 GF Score
Price $43.96
GF Value $28.32
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Brookfield Beneish M-Score?

Brookfield BN +1.22% 66 Beneish M-Score is -2.88 as of Jul. 07, 2026. GuruFocus rates BN with a GF Score™ of 66/100 and a GF Value™ of $28.32 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 953 Asset Management companies, Brookfield ranks better than 78.07% 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 -2.88 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BN' s Beneish M-Score Range Over the Past 10 Years
Min: -2.88   Med: -2.42   Max: -1.83
Current: -2.88

During the past 13 years, the highest Beneish M-Score of Brookfield was -1.83. The lowest was -2.88. And the median was -2.42.


Brookfield Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Brookfield'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.

Brookfield Beneish M-Score Chart

Brookfield Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.55 -2.33 -2.48 -2.58 -2.52

Brookfield 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.10 -2.56 -2.50 -2.52 -2.88

BN vs BLK, BX, KKR: Beneish M-Score Comparison

For the Asset Management subindustry, Brookfield'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.


Brookfield Beneish M-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Brookfield's Beneish M-Score distribution charts can be found below:

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


BN
66GF Score
Brookfield Corp BN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Brookfield 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 Brookfield 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 * 0.813+0.528 * 0.967+0.404 * 1.0098+0.892 * 0.9345+0.115 * 1.0122
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1282+4.679 * -0.024364-0.327 * 0.9369
=-2.84

* 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 $23,174 Mil.
Revenue was 18580 + 20156 + 18917 + 18083 = $75,736 Mil.
Gross Profit was 4442 + 5180 + 4285 + 4168 = $18,075 Mil.
Total Current Assets was $59,465 Mil.
Total Assets was $519,613 Mil.
Property, Plant and Equipment(Net PPE) was $168,249 Mil.
Depreciation, Depletion and Amortization(DDA) was $10,555 Mil.
Selling, General, & Admin. Expense(SGA) was $20 Mil.
Total Current Liabilities was $72,217 Mil.
Long-Term Debt & Capital Lease Obligation was $229,494 Mil.
Net Income was 102 + 743 + 219 + 272 = $1,336 Mil.
Non Operating Income was 1369 + 1009 + 835 + 1294 = $4,507 Mil.
Cash Flow from Operations was 225 + 4245 + 3008 + 2011 = $9,489 Mil.
Total Receivables was $30,503 Mil.
Revenue was 17944 + 19426 + 20623 + 23050 = $81,043 Mil.
Gross Profit was 4494 + 5032 + 5279 + 3898 = $18,703 Mil.
Total Current Assets was $65,213 Mil.
Total Assets was $491,577 Mil.
Property, Plant and Equipment(Net PPE) was $152,908 Mil.
Depreciation, Depletion and Amortization(DDA) was $9,717 Mil.
Selling, General, & Admin. Expense(SGA) was $19 Mil.
Total Current Liabilities was $58,795 Mil.
Long-Term Debt & Capital Lease Obligation was $245,864 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)
=(23174 / 75736) / (30503 / 81043)
=0.305984 / 0.37638
=0.813

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)
=(18703 / 81043) / (18075 / 75736)
=0.230779 / 0.238658
=0.967

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 - (59465 + 168249) / 519613) / (1 - (65213 + 152908) / 491577)
=0.561762 / 0.556283
=1.0098

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
=75736 / 81043
=0.9345

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))
=(9717 / (9717 + 152908)) / (10555 / (10555 + 168249))
=0.059751 / 0.059031
=1.0122

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)
=(20 / 75736) / (19 / 81043)
=0.000264 / 0.000234
=1.1282

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)
=((229494 + 72217) / 519613) / ((245864 + 58795) / 491577)
=0.580646 / 0.619758
=0.9369

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
=(1336 - 4507 - 9489) / 519613
=-0.024364

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.

Brookfield has a M-score of -2.84 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 -2.88 mean?
Brookfield (BN) has a Beneish M-Score of -2.88 as of Jul. 07, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Brookfield and its competitors. According to the industry distribution chart, Brookfield ranks #209 out of 953 companies in the Asset Management industry, placing it in the top 21.9%.
Is Brookfield's Beneish M-Score too high?
Brookfield's current Beneish M-Score is -2.88. Based on the distribution chart, Brookfield ranks #209 out of 953 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Brookfield has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Brookfield's Beneish M-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Brookfield ranks #209 out of 953 companies for Beneish M-Score. This places Brookfield in the top 22% 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 Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 Brookfield and its competitors. Brookfield's current Beneish M-Score is -2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brookfield stock overvalued right now?
Based on GuruFocus' analysis, Brookfield (BN) is currently considered Significantly Overvalued. The stock's GF Value™ is $28.32, compared to a current price of $43.96 — trading 55.2% above its estimated fair value. The current Beneish M-Score is -2.88. Brookfield's overall GF Score™ is 66/100 with 10 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 Brookfield (BN), the current Beneish M-Score is -2.88 as of Jul. 07, 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 Brookfield (BN) Overvalued in 2026?

Based on GuruFocus' analysis, Brookfield stock appears to be overvalued. The current stock price of $43.96 is trading 55.2% above its estimated GF Value™ of $28.32. GuruFocus considers Brookfield to be Significantly Overvalued.

Key valuation signals for BN:

  • Beneish M-Score: -2.88
  • GF Value™: $28.32 vs. price of $43.96 (55.2% above fair value)
  • GF Score™: 66/100 with 10 warning signs

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


Brookfield Business Description

Address 181 Bay Street, Suite 100, Brookfield Place, P.O. Box 762, Toronto, ON, CAN, M5J 2T3
Brookfield Corp is an investment firm focused on building long-term wealth for institutions and individuals, operating through seven segments: Asset Management, Wealth Solutions, Renewable Power and Transition, Infrastructure, Private Equity (which generates the highest revenue), Real Estate, and Corporate Activities. The company invests in real assets that form the backbone of the economy to deliver risk-adjusted returns to stakeholders, with the majority of its revenue coming from Asset Management. It has a presence across the United Kingdom, the United States (which contributes the highest revenue), Australia, Canada, Brazil, India, Colombia, Germany, other parts of Europe, other parts of Asia, and additional countries.
66GF Score

Get the complete analysis for BN

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

$43.96
Price
$28.32
GF Value