Truist Financial (BSP:B1BT34) Beneish M-Score: -2.42 (As of Aug. 08, 2026)

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BSP:B1BT34 Truist Financial Corp BSP:B1BT34
59 GF Score
Price R$260.52
GF Value R$255.10
! 7 Warning Signs
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What is Truist Financial Beneish M-Score?

Truist Financial BSP:B1BT34 59 Beneish M-Score is -2.42 as of Aug. 08, 2026. GuruFocus rates BSP:B1BT34 with a GF Score™ of 59/100 and a GF Value™ of R$255.10. The stock has 7 warning signs investors should review. Among 1,392 Banks companies, Truist Financial ranks better than 53.81% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -2.42 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BSP:B1BT34' s Beneish M-Score Range Over the Past 10 Years
Min: -2.7   Med: -2.42   Max: 2.46
Current: -2.42

During the past 13 years, the highest Beneish M-Score of Truist Financial was 2.46. The lowest was -2.70. And the median was -2.42.

BSP:B1BT34
59GF Score
Truist Financial Corp BSP:B1BT34
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Truist Financial 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 Truist Financial 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 * 1.011+0.528 * 1+0.404 * 1.0011+0.892 * 0.9605+0.115 * 1.0388
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0384+4.679 * -4.0E-5-0.327 * 0.9461
=-2.49

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was R$73,987 Mil.
Revenue was 26978.386 + 26942.899 + 28620.602 + 27817.881 = R$110,360 Mil.
Gross Profit was 26978.386 + 26942.899 + 28620.602 + 27817.881 = R$110,360 Mil.
Total Current Assets was R$0 Mil.
Total Assets was R$2,849,117 Mil.
Property, Plant and Equipment(Net PPE) was R$26,727 Mil.
Depreciation, Depletion and Amortization(DDA) was R$4,179 Mil.
Selling, General, & Admin. Expense(SGA) was R$39,385 Mil.
Total Current Liabilities was R$0 Mil.
Long-Term Debt & Capital Lease Obligation was R$220,213 Mil.
Net Income was 7957.727 + 7745.038 + 7387.018 + 7787.076 = R$30,877 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = R$0 Mil.
Cash Flow from Operations was 5323.94 + 3550.898 + 14086.617 + 8028.411 = R$30,990 Mil.
 Total Receivables was R$76,188 Mil.
Revenue was 27656.905 + 28208.932 + 30871.06 + 28159.713 = R$114,897 Mil.
Gross Profit was 27656.905 + 28208.932 + 30871.06 + 28159.713 = R$114,897 Mil.
Total Current Assets was R$0 Mil.
Total Assets was R$3,015,989 Mil.
Property, Plant and Equipment(Net PPE) was R$31,556 Mil.
Depreciation, Depletion and Amortization(DDA) was R$5,157 Mil.
Selling, General, & Admin. Expense(SGA) was R$39,487 Mil.
Total Current Liabilities was R$0 Mil.
Long-Term Debt & Capital Lease Obligation was R$246,383 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)
=(73986.88 / 110359.768) / (76188.2 / 114896.61)
=0.670415 / 0.663102
=1.011

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)
=(114896.61 / 114896.61) / (110359.768 / 110359.768)
=1 / 1
=1

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 - (0 + 26727.306) / 2849117.454) / (1 - (0 + 31555.602) / 3015989.052)
=0.990619 / 0.989537
=1.0011

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
=110359.768 / 114896.61
=0.9605

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))
=(5156.585 / (5156.585 + 31555.602)) / (4178.849 / (4178.849 + 26727.306))
=0.14046 / 0.135211
=1.0388

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)
=(39384.889 / 110359.768) / (39487.273 / 114896.61)
=0.356877 / 0.343677
=1.0384

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)
=((220213.322 + 0) / 2849117.454) / ((246383.257 + 0) / 3015989.052)
=0.077292 / 0.081692
=0.9461

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
=(30876.859 - 0 - 30989.866) / 2849117.454
=-4.0E-5

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.

Truist Financial has a M-score of -2.49 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 -2.42 mean?
Truist Financial (BSP:B1BT34) has a Beneish M-Score of -2.42 as of Aug. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Truist Financial and its competitors. According to the industry distribution chart, Truist Financial ranks #643 out of 1392 companies in the Banks industry, placing it in the top 46.2%.
Is Truist Financial's Beneish M-Score too high?
Truist Financial's current Beneish M-Score is -2.42. Based on the distribution chart, Truist Financial ranks #643 out of 1392 companies in the Banks industry, which is above the industry midpoint. Overall, Truist Financial has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Truist Financial's Beneish M-Score compare to NU and FITB?
According to the Banks industry distribution chart, Truist Financial ranks #643 out of 1392 companies for Beneish M-Score. This puts Truist Financial in the upper 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Truist Financial and its competitors. Truist Financial's current Beneish M-Score is -2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Truist Financial stock overvalued right now?
Truist Financial (BSP:B1BT34) has a current Beneish M-Score of -2.42. The stock's GF Value™ is R$255.10, compared to a current price of R$260.52 — trading 2.1% above its estimated fair value. The current Beneish M-Score is -2.42. Truist Financial's overall GF Score™ is 59/100 with 7 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 Truist Financial (BSP:B1BT34), the current Beneish M-Score is -2.42 as of Aug. 08, 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 Truist Financial (BSP:B1BT34) Overvalued in 2026?

Based on GuruFocus' analysis, Truist Financial stock appears to be overvalued. The current stock price of R$260.52 is trading 2.1% above its estimated GF Value™ of R$255.10.

Key valuation signals for BSP:B1BT34:

  • Beneish M-Score: -2.42
  • GF Value™: R$255.10 vs. price of R$260.52 (2.1% above fair value)
  • GF Score™: 59/100 with 7 warning signs

No single metric tells the full story. See the BSP:B1BT34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Truist Financial Business Description

Address 214 North Tryon Street, Charlotte, NC, USA, 28202
Truist Financial is one of the three super-regional banks in the US, with around $550 billion in assets as of the first quarter of 2026. Truist emerged from the combination of BB&T and SunTrust in 2019. Based in Charlotte, North Carolina, the bank's footprint is largely in the Mid-Atlantic and Southeast. Apart from retail and commercial banking operations, the bank also offers online and point-of-sale consumer lending, cards, wealth management, investment banking, and other banking services.
59GF Score

Get the complete analysis for BSP:B1BT34

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

R$260.52
Price
R$255.10
GF Value