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 -3.14 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Telstra Group's Beneish M-Score or its related term are showing as below:
FRA:5KB'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.35 Med: -3.15 Max: -2.81
Current: -3.14
During the past 13 years, the highest Beneish M-Score of Telstra Group was -2.81. The lowest was -3.35. And the median was -3.15.
Telstra Group Beneish M-Score Related Terms
Telstra Group Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Telstra Group'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.
FRA:5KB vs TMUS, VZ, T: Beneish M-Score Comparison
For the Telecom Services subindustry, Telstra Group'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.
Telstra Group Beneish M-Score vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telstra Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Telstra Group'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 Telstra Group 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 * 0.9529
+
0.528 * 0.9796
+
0.404 * 0.964
+
0.892 * 0.9223
+
0.115 * 0.9552
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9301
+
4.679 * -0.128002
-
0.327 * 1.0311
=
-3.22
* 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))
=
(2762.942 / (2762.942 + 14516.705))
/
(2647.85 / (2647.85 + 13169.82))
=
0.159896
/
0.167398
=
0.9552
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
=
(1225.992 - 340.93
-
4134.055)
/
25382.328
=
-0.128002
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.
Telstra Group has a M-score of -3.22 suggests that the company is unlikely to be a manipulator.
Telstra Group (FRA:5KB) has a Beneish M-Score of -3.14 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Telstra Group and its competitors. According to the industry distribution chart, Telstra Group ranks #65 out of 355 companies in the Telecommunication Services industry, placing it in the top 18.3%.
Is Telstra Group's Beneish M-Score too high?
Telstra Group's current Beneish M-Score is -3.14. Based on the distribution chart, Telstra Group ranks #65 out of 355 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Telstra Group has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Telstra Group's Beneish M-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telstra Group ranks #65 out of 355 companies for Beneish M-Score. This places Telstra Group in the top 18% of its industry — outperforming the majority of peers. 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 Telecommunication Services company?
A good Beneish M-Score depends on the Telecommunication Services 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 Telstra Group and its competitors. Telstra Group's current Beneish M-Score is -3.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telstra Group stock overvalued right now?
Telstra Group (FRA:5KB) has a current Beneish M-Score of -3.14. The stock's GF Value™ is €13.10, compared to a current price of €15.10 — trading 15.3% above its estimated fair value. The current Beneish M-Score is -3.14. Telstra Group's overall GF Score™ is 80/100 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 Telstra Group (FRA:5KB), the current Beneish M-Score is -3.14 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 Telstra Group (FRA:5KB) Overvalued in 2026?
Based on GuruFocus' analysis, Telstra Group stock appears to be overvalued.
The current stock price of €15.10 is trading 15.3% above its estimated GF Value™ of €13.10.
Key valuation signals for FRA:5KB:
Beneish M-Score: -3.14
GF Value™: €13.10 vs. price of €15.10 (15.3% above fair value)
No single metric tells the full story. See the FRA:5KB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telstra is Australia's largest telecommunications company, with dominant market shares in voice, mobile, enterprise telecom, and fixed-line broadband resale via the national broadband network. Telstra provides most of its services via its infrastructure assets, such as a fixed-line network (data centers, exchanges, poles, ducts, pits and pipes, fiber network), a mobile network, and mobile towers. Its customers span retail, corporate, government, wholesale, and overseas segments. Telstra also provides the government-owned, last-mile fixed-line National Broadband Network with long-term access to its infrastructure, in return for recurring payments. Finally, Telstra operates a leading telecom operation in Papua New Guinea and the surrounding South-Pacific countries.
80GF Score
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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