Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 -2.78 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Six Flags Entertainment's Beneish M-Score or its related term are showing as below:
FRA:6FE0'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.35 Med: -2.63 Max: 42.97
Current: -2.78
During the past 13 years, the highest Beneish M-Score of Six Flags Entertainment was 42.97. The lowest was -3.35. And the median was -2.63.
* 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:6FE0 vs PRKS, LUCK, PTON: Beneish M-Score Comparison
For the Leisure subindustry, Six Flags Entertainment'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.
Six Flags Entertainment Beneish M-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Six Flags Entertainment's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Six Flags Entertainment's Beneish M-Score falls into.
Six Flags Entertainment 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 Six Flags Entertainment 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 * 1.2778
+
0.528 * 1.0011
+
0.404 * 0.8205
+
0.892 * 0.9159
+
0.115 * 0.9867
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8449
+
4.679 * -0.070274
-
0.327 * 1.2633
=
-2.76
* 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))
=
(443.072 / (443.072 + 4010.331))
/
(399.159 / (399.159 + 3559.443))
=
0.099491
/
0.100833
=
0.9867
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
=
(-1455.813 - -1406.375
-
404.096)
/
6453.8
=
-0.070274
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.
Six Flags Entertainment has a M-score of -2.76 suggests that the company is unlikely to be a manipulator.
Six Flags Entertainment (FRA:6FE0) has a Beneish M-Score of -2.78 as of Aug. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Six Flags Entertainment and its competitors. According to the industry distribution chart, Six Flags Entertainment ranks #297 out of 815 companies in the Travel & Leisure industry, placing it in the top 36.4%.
Is Six Flags Entertainment's Beneish M-Score too high?
Six Flags Entertainment's current Beneish M-Score is -2.78. Based on the distribution chart, Six Flags Entertainment ranks #297 out of 815 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Six Flags Entertainment has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Six Flags Entertainment's Beneish M-Score compare to PRKS and LUCK?
According to the Travel & Leisure industry distribution chart, Six Flags Entertainment ranks #297 out of 815 companies for Beneish M-Score. This puts Six Flags Entertainment 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 Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 Six Flags Entertainment and its competitors. Six Flags Entertainment's current Beneish M-Score is -2.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Six Flags Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Six Flags Entertainment (FRA:6FE0) is currently considered Possible Value Trap. The stock's GF Value™ is €28.05, compared to a current price of €13.90 — trading 50.4% below its estimated fair value. The current Beneish M-Score is -2.78. Six Flags Entertainment's overall GF Score™ is 59/100 with 8 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 Six Flags Entertainment (FRA:6FE0), the current Beneish M-Score is -2.78 as of Aug. 11, 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 Six Flags Entertainment (FRA:6FE0) Overvalued in 2026?
Based on GuruFocus' analysis, Six Flags Entertainment stock appears to be undervalued.
The current stock price of €13.90 is trading 50.4% below its estimated GF Value™ of €28.05.
GuruFocus considers Six Flags Entertainment to be Possible Value Trap.
Key valuation signals for FRA:6FE0:
Beneish M-Score: -2.78
GF Value™: €28.05 vs. price of €13.90 (50.4% below fair value)
No single metric tells the full story. See the FRA:6FE0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Six Flags Entertainment Corp is North America's regional amusement resort operator with approximately 27 amusement parks, around 15 separately gated water parks, and nine resort properties across the U.S., Canada, and Mexico. It provides coasters, themed rides, thrilling water parks, resorts, and a portfolio of beloved intellectual properties such as Looney Tunes, DC Comics, and PEANUTS. The parks are family-oriented, with recreational facilities for people of all ages, and provide clean and attractive environments with exciting rides and immersive entertainment. The Company generates revenue from sales of admission to the amusement parks and water parks, from purchases of food, merchandise and games both inside and outside the parks, from the sale of accommodations and other extra-charge.
59GF Score
Get the complete analysis for FRA:6FE0
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:6FE0 has been successfully added to your 
