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BlackLineBSP:B2LN34 41 Beneish M-Score is -2.76 as of Aug. 13, 2026. GuruFocus rates BSP:B2LN34 with a GF Score™ of 41/100 and a GF Value™ of R$28.02 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,634 Software companies, BlackLine ranks better than 64.69% 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 -2.76 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for BlackLine's Beneish M-Score or its related term are showing as below:
BSP:B2LN34'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.08 Med: -2.64 Max: -2.07
Current: -2.76
During the past 12 years, the highest Beneish M-Score of BlackLine was -2.07. The lowest was -3.08. And the median was -2.64.
The historical data trend for BlackLine'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.
BSP:B2LN34 vs QNT, WRD, BVC: Beneish M-Score Comparison
For the Software - Application subindustry, BlackLine'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.
BlackLine Beneish M-Score vs Software Industry
For the Software industry and Technology sector, BlackLine's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where BlackLine'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 BlackLine 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 * 1.002
+
0.528 * 0.9977
+
0.404 * 1.199
+
0.892 * 1.002
+
0.115 * 0.9666
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9727
+
4.679 * -0.095505
-
0.327 * 1.027
=
-2.85
* 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))
=
(275.365 / (275.365 + 219.237))
/
(254.593 / (254.593 + 187.434))
=
0.556741
/
0.575967
=
0.9666
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
=
(181.946 - -59.557
-
960.365)
/
7526.975
=
-0.095505
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.
BlackLine has a M-score of -2.85 suggests that the company is unlikely to be a manipulator.
BlackLine (BSP:B2LN34) has a Beneish M-Score of -2.76 as of Aug. 13, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on BlackLine and its competitors. According to the industry distribution chart, BlackLine ranks #930 out of 2634 companies in the Software industry, placing it in the top 35.3%.
Is BlackLine's Beneish M-Score too high?
BlackLine's current Beneish M-Score is -2.76. Based on the distribution chart, BlackLine ranks #930 out of 2634 companies in the Software industry, which is above the industry midpoint. Overall, BlackLine has a GF Score™ of 41/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BlackLine's Beneish M-Score compare to QNT and WRD?
According to the Software industry distribution chart, BlackLine ranks #930 out of 2634 companies for Beneish M-Score. This puts BlackLine 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 Software company?
A good Beneish M-Score depends on the Software 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 BlackLine and its competitors. BlackLine's current Beneish M-Score is -2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackLine stock overvalued right now?
Based on GuruFocus' analysis, BlackLine (BSP:B2LN34) is currently considered Possible Value Trap. The stock's GF Value™ is R$28.02, compared to a current price of R$12.73 — trading 54.6% below its estimated fair value. The current Beneish M-Score is -2.76. BlackLine's overall GF Score™ is 41/100 with 5 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 BlackLine (BSP:B2LN34), the current Beneish M-Score is -2.76 as of Aug. 13, 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 BlackLine (BSP:B2LN34) Overvalued in 2026?
Based on GuruFocus' analysis, BlackLine stock appears to be undervalued.
The current stock price of R$12.73 is trading 54.6% below its estimated GF Value™ of R$28.02.
GuruFocus considers BlackLine to be Possible Value Trap.
Key valuation signals for BSP:B2LN34:
Beneish M-Score: -2.76
GF Value™: R$28.02 vs. price of R$12.73 (54.6% below fair value)
No single metric tells the full story. See the BSP:B2LN34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BlackLine Inc is engaged in providing financial accounting close solutions delivered as Software as a Service (SaaS). The Company's solutions enable its customers to address various aspects of their critical processes, including financial close & consolidation, intercompany accounting, and invoice-to-cash. The majority of the revenue of the company is earned in the United States.
41GF Score
Get the complete analysis for BSP:B2LN34
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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