NewtekOne (FRA:1N31) Beneish M-Score: -0.53 (As of Jul. 13, 2026)


FRA:1N31 NewtekOne Inc FRA:1N31
64 GF Score
Price €12.50
GF Value €12.88
! 11 Warning Signs
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What is NewtekOne Beneish M-Score?

NewtekOne FRA:1N31 +2.46% 64 Beneish M-Score is -0.53 as of Jul. 13, 2026. GuruFocus rates FRA:1N31 with a GF Score™ of 64/100 and a GF Value™ of €12.88. The stock has 11 warning signs investors should review. Among 1,399 Banks companies, NewtekOne ranks worse than 98.14% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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.

Warning Sign:

Beneish M-Score -0.53 higher than -1.78, which implies that the company might have manipulated its financial results.

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

FRA:1N31' s Beneish M-Score Range Over the Past 10 Years
Min: -3.13   Med: -1.6   Max: 2.76
Current: -0.53

During the past 13 years, the highest Beneish M-Score of NewtekOne was 2.76. The lowest was -3.13. And the median was -1.60.

FRA:1N31
64GF Score
NewtekOne Inc FRA:1N31
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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NewtekOne 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 NewtekOne 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 * 1.3996+0.528 * 1+0.404 * 1.0015+0.892 * 1.022+0.115 * 1.2186
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0273+4.679 * 0.289625-0.327 * 0.6339
=-0.60

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was €75.1 Mil.
Revenue was 57.813 + 58.779 + 60.073 + 57.023 = €233.7 Mil.
Gross Profit was 57.813 + 58.779 + 60.073 + 57.023 = €233.7 Mil.
Total Current Assets was €0.0 Mil.
Total Assets was €2,497.1 Mil.
Property, Plant and Equipment(Net PPE) was €2.3 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.5 Mil.
Selling, General, & Admin. Expense(SGA) was €97.2 Mil.
Total Current Liabilities was €0.0 Mil.
Long-Term Debt & Capital Lease Obligation was €448.5 Mil.
Net Income was 11.592 + 16.688 + 15.252 + 11.881 = €55.4 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = €0.0 Mil.
Cash Flow from Operations was -222.703 + -129.3 + -142.555 + -173.239 = €-667.8 Mil.
 Total Receivables was €52.5 Mil.
Revenue was 57.243 + 67.294 + 52.613 + 51.516 = €228.7 Mil.
Gross Profit was 57.243 + 67.294 + 52.613 + 51.516 = €228.7 Mil.
Total Current Assets was €0.0 Mil.
Total Assets was €1,976.5 Mil.
Property, Plant and Equipment(Net PPE) was €4.9 Mil.
Depreciation, Depletion and Amortization(DDA) was €1.3 Mil.
Selling, General, & Admin. Expense(SGA) was €92.6 Mil.
Total Current Liabilities was €0.0 Mil.
Long-Term Debt & Capital Lease Obligation was €560.1 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)
=(75.107 / 233.688) / (52.509 / 228.666)
=0.321399 / 0.229632
=1.3996

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)
=(228.666 / 228.666) / (233.688 / 233.688)
=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 - (0 + 2.321) / 2497.053) / (1 - (0 + 4.873) / 1976.482)
=0.999071 / 0.997535
=1.0015

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
=233.688 / 228.666
=1.022

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))
=(1.289 / (1.289 + 4.873)) / (0.481 / (0.481 + 2.321))
=0.209185 / 0.171663
=1.2186

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)
=(97.183 / 233.688) / (92.563 / 228.666)
=0.415866 / 0.404796
=1.0273

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)
=((448.491 + 0) / 2497.053) / ((560.052 + 0) / 1976.482)
=0.179608 / 0.283358
=0.6339

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
=(55.413 - 0 - -667.797) / 2497.053
=0.289625

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.

NewtekOne has a M-score of -0.60 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -0.53 mean?
NewtekOne (FRA:1N31) has a Beneish M-Score of -0.53 as of Jul. 13, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on NewtekOne and its competitors. According to the industry distribution chart, NewtekOne ranks #1373 out of 1399 companies in the Banks industry, placing it in the top 98.1%.
Is NewtekOne's Beneish M-Score too high?
NewtekOne's current Beneish M-Score is -0.53. Based on the distribution chart, NewtekOne ranks #1373 out of 1399 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, NewtekOne has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does NewtekOne's Beneish M-Score compare to FMAO and CZNC?
According to the Banks industry distribution chart, NewtekOne ranks #1373 out of 1399 companies for Beneish M-Score. This places NewtekOne 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 Banks company?
A good Beneish M-Score depends on the Banks 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 NewtekOne and its competitors. NewtekOne's current Beneish M-Score is -0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NewtekOne stock overvalued right now?
NewtekOne (FRA:1N31) has a current Beneish M-Score of -0.53. The stock's GF Value™ is €12.88, compared to a current price of €12.50 — trading 3% below its estimated fair value. The current Beneish M-Score is -0.53. NewtekOne's overall GF Score™ is 64/100 with 11 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 NewtekOne (FRA:1N31), the current Beneish M-Score is -0.53 as of Jul. 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 NewtekOne (FRA:1N31) Overvalued in 2026?

Based on GuruFocus' analysis, NewtekOne stock appears to be undervalued. The current stock price of €12.50 is trading 3% below its estimated GF Value™ of €12.88.

Key valuation signals for FRA:1N31:

  • Beneish M-Score: -0.53
  • GF Value™: €12.88 vs. price of €12.50 (3% below fair value)
  • GF Score™: 64/100 with 11 warning signs

No single metric tells the full story. See the FRA:1N31 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NewtekOne Business Description

Other Exchanges NEWT:USA0K7X:UK
Address 4800 T Rex Avenue, Suite 120, Boca Raton, FL, USA, 33431
NewtekOne Inc provides business and financial solutions under the Newtek and NewtekOne brands to the independent business owner (SMB) market. Its services are offered online and in some cases delivered by staff via video and voice calls. The company offers lending products, FDIC insured deposit products and services, payments processing, payroll services and insurance brokerage services. Loan products include SBA 7(a), ALP, SBA 504, and traditional C&I and CRE bank loans, while deposit products include consumer high yield savings accounts, high yield certificates of deposit, zero-fee business checking and business money market accounts. The company operates through four reportable segments Banking, Alternative Lending, NSBF and Payments.
64GF Score

Get the complete analysis for FRA:1N31

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

€12.50
Price
€12.88
GF Value