CrowdStrike Holdings (BSP:C2RW34) Beneish M-Score: -2.82 (As of Jun. 25, 2026)


BSP:C2RW34 CrowdStrike Holdings Inc BSP:C2RW34
50 GF Score
Price R$160.68
GF Value R$120.83
Valuation Significantly Overvalued
! 5 Warning Signs
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What is CrowdStrike Holdings Beneish M-Score?

CrowdStrike Holdings BSP:C2RW34 +0.43% 50 Beneish M-Score is -2.82 as of Jun. 25, 2026. GuruFocus rates BSP:C2RW34 with a GF Score™ of 50/100 and a GF Value™ of R$120.83 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,633 Software companies, CrowdStrike Holdings ranks better than 68.78% 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 -2.82 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BSP:C2RW34' s Beneish M-Score Range Over the Past 10 Years
Min: -3.28   Med: -2.91   Max: -2.1
Current: -2.82

During the past 10 years, the highest Beneish M-Score of CrowdStrike Holdings was -2.10. The lowest was -3.28. And the median was -2.91.


CrowdStrike Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for CrowdStrike Holdings'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.

CrowdStrike Holdings Beneish M-Score Chart

CrowdStrike Holdings Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.45 -2.97 -2.89 -2.90 -2.95

CrowdStrike Holdings Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 -3.12 -3.00 -2.93 -2.95 -2.82

BSP:C2RW34 vs PANW, FTNT, SNPS: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, CrowdStrike Holdings'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.


CrowdStrike Holdings Beneish M-Score vs Software Industry

For the Software industry and Technology sector, CrowdStrike Holdings's Beneish M-Score distribution charts can be found below:

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


BSP:C2RW34
50GF Score
CrowdStrike Holdings Inc BSP:C2RW34
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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CrowdStrike Holdings 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 CrowdStrike Holdings 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 * 0.8827+0.528 * 0.9935+0.404 * 1.6618+0.892 * 1.1373+0.115 * 0.9444
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9666+4.679 * -0.175587-0.327 * 0.9381
=-3.00

* 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 (Apr26) TTM:Last Year (Apr25) TTM:
Total Receivables was R$4,701 Mil.
Revenue was 6975.118 + 6959.737 + 6644.182 + 6468.045 = R$27,047 Mil.
Gross Profit was 5252.13 + 5297.888 + 4987.206 + 4751.187 = R$20,288 Mil.
Total Current Assets was R$31,722 Mil.
Total Assets was R$56,733 Mil.
Property, Plant and Equipment(Net PPE) was R$5,720 Mil.
Depreciation, Depletion and Amortization(DDA) was R$1,619 Mil.
Selling, General, & Admin. Expense(SGA) was R$13,623 Mil.
Total Current Liabilities was R$20,719 Mil.
Long-Term Debt & Capital Lease Obligation was R$4,034 Mil.
Net Income was 139.812 + 316.574 + -183.013 + -429.791 = R$-156 Mil.
Non Operating Income was 177.38 + 19.994 + 11.967 + -15.061 = R$194 Mil.
Cash Flow from Operations was 2974.718 + 2654.438 + 2140.043 + 1841.626 = R$9,611 Mil.
Total Receivables was R$4,683 Mil.
Revenue was 6389.435 + 6362.766 + 5685.08 + 5343.514 = R$23,781 Mil.
Gross Profit was 4722.494 + 4723.708 + 4249.501 + 4027.41 = R$17,723 Mil.
Total Current Assets was R$35,153 Mil.
Total Assets was R$50,495 Mil.
Property, Plant and Equipment(Net PPE) was R$5,010 Mil.
Depreciation, Depletion and Amortization(DDA) was R$1,319 Mil.
Selling, General, & Admin. Expense(SGA) was R$12,392 Mil.
Total Current Liabilities was R$19,008 Mil.
Long-Term Debt & Capital Lease Obligation was R$4,479 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)
=(4701.094 / 27047.082) / (4682.743 / 23780.795)
=0.173812 / 0.196913
=0.8827

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)
=(17723.113 / 23780.795) / (20288.411 / 27047.082)
=0.74527 / 0.750115
=0.9935

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 - (31721.725 + 5720.005) / 56732.556) / (1 - (35152.956 + 5010.282) / 50495.256)
=0.340031 / 0.204614
=1.6618

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
=27047.082 / 23780.795
=1.1373

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))
=(1318.628 / (1318.628 + 5010.282)) / (1619.098 / (1619.098 + 5720.005))
=0.20835 / 0.220613
=0.9444

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)
=(13623.016 / 27047.082) / (12392.281 / 23780.795)
=0.503678 / 0.521105
=0.9666

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)
=((4034.414 + 20718.838) / 56732.556) / ((4478.57 + 19007.513) / 50495.256)
=0.436315 / 0.465115
=0.9381

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
=(-156.418 - 194.28 - 9610.825) / 56732.556
=-0.175587

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.

CrowdStrike Holdings has a M-score of -3.00 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 -2.82 mean?
CrowdStrike Holdings (BSP:C2RW34) has a Beneish M-Score of -2.82 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on CrowdStrike Holdings and its competitors. According to the industry distribution chart, CrowdStrike Holdings ranks #822 out of 2633 companies in the Software industry, placing it in the top 31.2%.
Is CrowdStrike Holdings' Beneish M-Score too high?
CrowdStrike Holdings' current Beneish M-Score is -2.82. Based on the distribution chart, CrowdStrike Holdings ranks #822 out of 2633 companies in the Software industry, which is above the industry midpoint. Overall, CrowdStrike Holdings has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CrowdStrike Holdings' Beneish M-Score compare to PANW and FTNT?
According to the Software industry distribution chart, CrowdStrike Holdings ranks #822 out of 2633 companies for Beneish M-Score. This puts CrowdStrike Holdings 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 CrowdStrike Holdings and its competitors. CrowdStrike Holdings's current Beneish M-Score is -2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CrowdStrike Holdings stock overvalued right now?
Based on GuruFocus' analysis, CrowdStrike Holdings (BSP:C2RW34) is currently considered Significantly Overvalued. The stock's GF Value™ is R$120.83, compared to a current price of R$160.68 — trading 33% above its estimated fair value. The current Beneish M-Score is -2.82. CrowdStrike Holdings' overall GF Score™ is 50/100 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 CrowdStrike Holdings (BSP:C2RW34), the current Beneish M-Score is -2.82 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 CrowdStrike Holdings (BSP:C2RW34) Overvalued in 2026?

Based on GuruFocus' analysis, CrowdStrike Holdings stock appears to be overvalued. The current stock price of R$160.68 is trading 33% above its estimated GF Value™ of R$120.83. GuruFocus considers CrowdStrike Holdings to be Significantly Overvalued.

Key valuation signals for BSP:C2RW34:

  • Beneish M-Score: -2.82
  • GF Value™: R$120.83 vs. price of R$160.68 (33% above fair value)
  • GF Score™: 50/100 with 5 warning signs

No single metric tells the full story. See the BSP:C2RW34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CrowdStrike Holdings Business Description

Address 206 E. 9th Street, Suite 1400, Austin, TX, USA, 78701
CrowdStrike is a cloud-native cybersecurity company specializing in security verticals such as endpoint, cloud workload, identity, and security operations. CrowdStrike's primary offering is its Falcon platform, which provides enterprises with a unified view to detect and respond to security threats across their IT infrastructure. The Austin, Texas-based firm was founded in 2011 and went public in 2019.
50GF Score

Get the complete analysis for BSP:C2RW34

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

R$160.68
Price
R$120.83
GF Value