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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 -2.67 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Clear Channel Outdoor Holdings's Beneish M-Score or its related term are showing as below:
CCO'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.33 Med: -2.7 Max: -2.15
Current: -2.67
During the past 13 years, the highest Beneish M-Score of Clear Channel Outdoor Holdings was -2.15. The lowest was -3.33. And the median was -2.70.
* 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.
For the Advertising Agencies subindustry, Clear Channel Outdoor 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.
Clear Channel Outdoor Holdings Beneish M-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Clear Channel Outdoor Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Clear Channel Outdoor Holdings'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 Clear Channel Outdoor 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 * 1.0204
+
0.528 * 0.9922
+
0.404 * 0.9418
+
0.892 * 1.0911
+
0.115 * 1.1289
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9555
+
4.679 * -0.059506
-
0.327 * 1.0117
=
-2.67
* 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))
=
(199.665 / (199.665 + 1780.233))
/
(171.382 / (171.382 + 1747.102))
=
0.100846
/
0.089332
=
1.1289
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
=
(-106.007 - -42.456
-
160.374)
/
3763.081
=
-0.059506
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.
Clear Channel Outdoor Holdings has a M-score of -2.67 suggests that the company is unlikely to be a manipulator.
Clear Channel Outdoor Holdings (CCO) has a Beneish M-Score of -2.67 as of Aug. 13, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Clear Channel Outdoor Holdings and its competitors. According to the industry distribution chart, Clear Channel Outdoor Holdings ranks #417 out of 970 companies in the Media - Diversified industry, placing it in the top 43%.
Is Clear Channel Outdoor Holdings' Beneish M-Score too high?
Clear Channel Outdoor Holdings' current Beneish M-Score is -2.67. Based on the distribution chart, Clear Channel Outdoor Holdings ranks #417 out of 970 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Clear Channel Outdoor Holdings has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Clear Channel Outdoor Holdings' Beneish M-Score compare to CRTO and EEX?
According to the Media - Diversified industry distribution chart, Clear Channel Outdoor Holdings ranks #417 out of 970 companies for Beneish M-Score. This puts Clear Channel Outdoor 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Clear Channel Outdoor Holdings and its competitors. Clear Channel Outdoor Holdings's current Beneish M-Score is -2.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clear Channel Outdoor Holdings stock overvalued right now?
Based on GuruFocus' analysis, Clear Channel Outdoor Holdings (CCO) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.94, compared to a current price of $2.32 — trading 19.6% above its estimated fair value. The current Beneish M-Score is -2.67. Clear Channel Outdoor Holdings' overall GF Score™ is 67/100 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 Clear Channel Outdoor Holdings (CCO), the current Beneish M-Score is -2.67 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 Clear Channel Outdoor Holdings (CCO) Overvalued in 2026?
Based on GuruFocus' analysis, Clear Channel Outdoor Holdings stock appears to be overvalued.
The current stock price of $2.32 is trading 19.6% above its estimated GF Value™ of $1.94.
GuruFocus considers Clear Channel Outdoor Holdings to be Modestly Overvalued.
Key valuation signals for CCO:
Beneish M-Score: -2.67
GF Value™: $1.94 vs. price of $2.32 (19.6% above fair value)
No single metric tells the full story. See the CCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Clear Channel Outdoor Holdings Inc is a provider of out-of-home advertising solutions. The company offers advertisers an opportunity to reach mass audiences across various high-traffic public spaces, by using its diverse portfolio of assets including roadside billboards, street furniture, and airport displays. Its reportable segments are; America (U.S. operations excluding airports), Airports (U.S. and Caribbean airport operations), and Other. A majority of its revenue is generated from the America segment which generates revenue from the sale of advertising on printed and digital out-of-home advertising displays such as bulletins, posters, street furniture, and others. Geographically, the company generates maximum revenue from the United States followed by Singapore.
67GF Score
Get the complete analysis for CCO
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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