Oracle (BUE:ORCL) Beneish M-Score: -2.59 (As of Jun. 24, 2026)

What is Oracle Beneish M-Score?

Oracle BUE:ORCL -3.94% 90 Beneish M-Score is -2.59 as of Jun. 24, 2026. GuruFocus rates BUE:ORCL with a GF Score™ of 90/100 and a GF Value™ of ARS94,769.75 (Fairly Valued). The stock has 6 warning signs investors should review. Among 2,633 Software companies, Oracle ranks better than 53.21% 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 -2.59 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BUE:ORCL' s Beneish M-Score Range Over the Past 10 Years
Min: -2.89 Med: -2.55 Max: -2.2
Current: -2.59

During the past 13 years, the highest Beneish M-Score of Oracle was -2.20. The lowest was -2.89. And the median was -2.55.

Oracle Beneish M-Score Related Terms

Oracle Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Oracle'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.

Oracle Beneish M-Score Chart

Oracle Annual Data

Trend

May17

May18

May19

May20

May21

May22

May23

May24

May25

May26

Beneish M-Score

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-2.20

-2.47

-2.55

-2.54

-2.59

Oracle Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26	May26
Beneish M-Score	Get a 7-Day Free Trial															-2.54	-2.54	-2.49	-2.35	-2.59

BUE:ORCL vs PLTR, PANW, CRWD: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, Oracle'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.

Oracle Beneish M-Score vs Software Industry

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

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

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Oracle Corp BUE:ORCL

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Oracle 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 Oracle for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.9217

0.528 * 1.0711

0.404 * 0.6316

0.892 * 1.5705

0.115 * 1.3216

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.8275

4.679 * -0.059169

0.327 * 0.9476

-2.35

This Year (May26) TTM:

Last Year (May25) TTM:

Total Receivables was ARS14,661,937 Mil.
Revenue was 27084698.698 + 24211806.404 + 23288043.131 + 19877927.736 = ARS94,462,476 Mil.
Gross Profit was 17666327.92 + 15631333.768 + 15494423.516 + 13373586.381 = ARS62,165,672 Mil.
Total Current Assets was ARS65,745,057 Mil.
Total Assets was ARS369,561,283 Mil.
Property, Plant and Equipment(Net PPE) was ARS183,040,551 Mil.
Depreciation, Depletion and Amortization(DDA) was ARS13,052,242 Mil.
Selling, General, & Admin. Expense(SGA) was ARS13,942,545 Mil.
Total Current Liabilities was ARS58,963,999 Mil.
Long-Term Debt & Capital Lease Obligation was ARS210,349,732 Mil.
Net Income was 6076550.417 + 5240961.7 + 8897256.483 + 3898076.811 = ARS24,112,845 Mil.
Non Operating Income was -615561.334 + -333810.245 + 2971553.143 + -592635.525 = ARS1,429,546 Mil.
Cash Flow from Operations was 20641070.422 + 10072055.125 + 2996207.318 + 10840568.925 = ARS44,549,902 Mil.

Total Receivables was ARS10,129,367 Mil.
Revenue was 18823009.736 + 15005688.462 + 13918410.139 + 12402123.692 = ARS60,149,232 Mil.
Gross Profit was 13211496.867 + 10550708.767 + 9874260.099 + 8761731.783 = ARS42,398,198 Mil.
Total Current Assets was ARS29,092,043 Mil.
Total Assets was ARS199,274,397 Mil.
Property, Plant and Equipment(Net PPE) was ARS67,071,841 Mil.
Depreciation, Depletion and Amortization(DDA) was ARS6,469,436 Mil.
Selling, General, & Admin. Expense(SGA) was ARS10,729,091 Mil.
Total Current Liabilities was ARS38,636,704 Mil.
Long-Term Debt & Capital Lease Obligation was ARS114,612,872 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)
	=	(14661936.821 / 94462475.969)	/	(10129366.617 / 60149232.029)
	=	0.155214	/	0.168404
	=	0.9217

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)
	=	(42398197.516 / 60149232.029)	/	(62165671.585 / 94462475.969)
	=	0.704883	/	0.658099
	=	1.0711

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 - (65745056.52 + 183040551.091) / 369561282.66)	/	(1 - (29092042.778 + 67071841.331) / 199274397.416)
	=	0.326808	/	0.51743
	=	0.6316

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
	=	94462475.969	/	60149232.029
	=	1.5705

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))
	=	(6469436.149 / (6469436.149 + 67071841.331))	/	(13052241.833 / (13052241.833 + 183040551.091))
	=	0.08797	/	0.066562
	=	1.3216

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)
	=	(13942545.052 / 94462475.969)	/	(10729090.975 / 60149232.029)
	=	0.147599	/	0.178375
	=	0.8275

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)
	=	((210349732.019 + 58963998.98) / 369561282.66)	/	((114612871.894 + 38636704.194) / 199274397.416)
	=	0.728739	/	0.769038
	=	0.9476

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
	=	(24112845.411 - 1429546.039	-	44549901.79)	/	369561282.66
	=	-0.059169

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.

Oracle has a M-score of -2.35 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 -2.59 mean?

Oracle (BUE:ORCL) has a Beneish M-Score of -2.59 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Oracle and its competitors. According to the industry distribution chart, Oracle ranks #1232 out of 2633 companies in the Software industry, placing it in the top 46.8%.

Is Oracle's Beneish M-Score too high?

Oracle's current Beneish M-Score is -2.59. Based on the distribution chart, Oracle ranks #1232 out of 2633 companies in the Software industry, which is above the industry midpoint. Overall, Oracle has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Oracle's Beneish M-Score compare to PLTR and PANW?

According to the Software industry distribution chart, Oracle ranks #1232 out of 2633 companies for Beneish M-Score. This puts Oracle 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 Oracle and its competitors. Oracle's current Beneish M-Score is -2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Oracle stock overvalued right now?

Based on GuruFocus' analysis, Oracle (BUE:ORCL) is currently considered Fairly Valued. The stock's GF Value™ is ARS94,769.75, compared to a current price of ARS85,850.00 — trading 9.4% below its estimated fair value. The current Beneish M-Score is -2.59. Oracle's overall GF Score™ is 90/100 with 6 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 Oracle (BUE:ORCL), the current Beneish M-Score is -2.59 as of Jun. 24, 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 Oracle (BUE:ORCL) Overvalued in 2026?

Based on GuruFocus' analysis, Oracle stock appears to be undervalued. The current stock price of ARS85,850.00 is trading 9.4% below its estimated GF Value™ of ARS94,769.75. GuruFocus considers Oracle to be Fairly Valued.

Key valuation signals for BUE:ORCL:

Beneish M-Score: -2.59
GF Value™: ARS94,769.75 vs. price of ARS85,850.00 (9.4% below fair value)
GF Score™: 90/100 with 6 warning signs

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

Oracle Business Description

Industry Technology Software

Comparable Companies PLTR PANW CRWD FTNT SNPS NET CRWV XYZ NTAP TWLO MSFT HKSE:02513 XAMS:ADYEN MDB VRSN CPAY ZS AKAM FFIV OKTA

Other Exchanges ORCL:USA ORCL:Poland ORCL:Mexico ORCL_KZ:Kazakhstan 1ORCL:Italy ORCd:UK 0R1Z:UK ORC:Germany ORCL:Chile ORAC:Canada ORCL34:Brazil ORCL:Austria

Address 2300 Oracle Way, Austin, TX, USA, 78741

Website https://www.oracle.com

Oracle provides enterprise applications and infrastructure offerings through a variety of flexible IT deployment models, including on-premises, cloud-based, and hybrid. Founded in 1977, Oracle pioneered the first commercial SQL-based relational database management system, which is commonly used by the world's largest companies for high-volume online transaction processing workloads. Besides databases, Oracle also sells enterprise resource planning platforms and cloud infrastructure that play an increasingly important role in large language model training and inferencing.

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

ARS85,850.00

Price

ARS94,769.75

GF Value

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