Fox (FOX) Beneish M-Score: -2.02 (As of Aug. 09, 2026)

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FOX Fox Corp FOX
86 GF Score
Price $57.00
GF Value $54.30
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Fox Beneish M-Score?

Fox FOX +3.00% 86 Beneish M-Score is -2.02 as of Aug. 09, 2026. GuruFocus rates FOX with a GF Score™ of 86/100 and a GF Value™ of $54.30 (Fairly Valued). The stock has 1 warning sign investors should review. Among 970 Media - Diversified companies, Fox ranks worse than 78.14% 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 -2.02 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

FOX' s Beneish M-Score Range Over the Past 10 Years
Min: -3.27   Med: -2.63   Max: -2.02
Current: -2.02

During the past 11 years, the highest Beneish M-Score of Fox was -2.02. The lowest was -3.27. And the median was -2.63.

Fox Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Fox'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.

Fox Beneish M-Score Chart

Fox Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.47 -2.41 -2.43 -2.63 -2.02

Fox Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -2.63 -2.56 -2.54 -2.61 -2.02

FOX vs ROKU, FWONA, NWSA: Beneish M-Score Comparison

For the Entertainment subindustry, Fox'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.

Fox Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Fox's Beneish M-Score distribution charts can be found below:

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


FOX
86GF Score
Fox Corp FOX
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fox 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 Fox 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 * 1.3302+0.528 * 1+0.404 * 0.955+0.892 * 1.0507+0.115 * 1.0034
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0391+4.679 * 0.029312-0.327 * 1.0186
=-2.02

* 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 $3,455 Mil.
Revenue was 4212 + 3994 + 5182 + 3738 = $17,126 Mil.
Gross Profit was 4212 + 3994 + 5182 + 3738 = $17,126 Mil.
Total Current Assets was $8,453 Mil.
Total Assets was $22,482 Mil.
Property, Plant and Equipment(Net PPE) was $2,693 Mil.
Depreciation, Depletion and Amortization(DDA) was $410 Mil.
Selling, General, & Admin. Expense(SGA) was $2,367 Mil.
Total Current Liabilities was $2,667 Mil.
Long-Term Debt & Capital Lease Obligation was $7,523 Mil.
Net Income was 691 + 166 + 229 + 599 = $1,685 Mil.
Non Operating Income was -103 + -551 + -172 + -118 = $-944 Mil.
Cash Flow from Operations was 867 + 1902 + -669 + -130 = $1,970 Mil.
 Total Receivables was $2,472 Mil.
Revenue was 3287 + 4371 + 5078 + 3564 = $16,300 Mil.
Gross Profit was 3287 + 4371 + 5078 + 3564 = $16,300 Mil.
Total Current Assets was $8,429 Mil.
Total Assets was $23,195 Mil.
Property, Plant and Equipment(Net PPE) was $2,519 Mil.
Depreciation, Depletion and Amortization(DDA) was $385 Mil.
Selling, General, & Admin. Expense(SGA) was $2,168 Mil.
Total Current Liabilities was $2,897 Mil.
Long-Term Debt & Capital Lease Obligation was $7,424 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)
=(3455 / 17126) / (2472 / 16300)
=0.20174 / 0.151656
=1.3302

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)
=(16300 / 16300) / (17126 / 17126)
=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 - (8453 + 2693) / 22482) / (1 - (8429 + 2519) / 23195)
=0.504226 / 0.528002
=0.955

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
=17126 / 16300
=1.0507

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))
=(385 / (385 + 2519)) / (410 / (410 + 2693))
=0.132576 / 0.13213
=1.0034

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)
=(2367 / 17126) / (2168 / 16300)
=0.138211 / 0.133006
=1.0391

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)
=((7523 + 2667) / 22482) / ((7424 + 2897) / 23195)
=0.453251 / 0.444967
=1.0186

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
=(1685 - -944 - 1970) / 22482
=0.029312

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.

Fox has a M-score of -2.02 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 -2.02 mean?
Fox (FOX) has a Beneish M-Score of -2.02 as of Aug. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Fox and its competitors. According to the industry distribution chart, Fox ranks #758 out of 970 companies in the Media - Diversified industry, placing it in the top 78.1%.
Is Fox's Beneish M-Score too high?
Fox's current Beneish M-Score is -2.02. Based on the distribution chart, Fox ranks #758 out of 970 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Fox has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fox's Beneish M-Score compare to ROKU and FWONA?
According to the Media - Diversified industry distribution chart, Fox ranks #758 out of 970 companies for Beneish M-Score. This places Fox in the lower 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 Fox and its competitors. Fox's current Beneish M-Score is -2.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fox stock overvalued right now?
Based on GuruFocus' analysis, Fox (FOX) is currently considered Fairly Valued. The stock's GF Value™ is $54.30, compared to a current price of $57.00 — trading 5% above its estimated fair value. The current Beneish M-Score is -2.02. Fox's overall GF Score™ is 86/100 with 1 warning sign 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 Fox (FOX), the current Beneish M-Score is -2.02 as of Aug. 09, 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 Fox (FOX) Overvalued in 2026?

Based on GuruFocus' analysis, Fox stock appears to be overvalued. The current stock price of $57.00 is trading 5% above its estimated GF Value™ of $54.30. GuruFocus considers Fox to be Fairly Valued.

Key valuation signals for FOX:

  • Beneish M-Score: -2.02
  • GF Value™: $54.30 vs. price of $57.00 (5% above fair value)
  • GF Score™: 86/100 with 1 warning sign

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

Fox Business Description

Address 1211 Avenue of the Americas, New York, NY, USA, 10036
Fox operates in two segments: cable networks and television. Cable networks primarily includes Fox News, Fox Business, and several pay-TV sports stations. Television primarily includes the Fox broadcast network, 29 owned and operated local television stations, of which 18 are affiliated with the Fox network, and streaming platform Tubi, which is not subscription-based and is completely ad-supported. Fox effectively sold most of its entertainment assets to Disney in 2019, so it no longer creates entertainment content and relies heavily on live news and sports, with nearly all tied to the pay-TV bundle. The Murdoch family controls Fox.
86GF Score

Get the complete analysis for FOX

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

$57.00
Price
$54.30
GF Value