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.
Warning Sign:
Beneish M-Score -1.76 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Mount Logan Capital's Beneish M-Score or its related term are showing as below:
FRA:P31Q'
s Beneish M-Score Range Over the Past 10 Years
Min: -20.74 Med: -1.45 Max: 63.93
Current: -1.76
During the past 13 years, the highest Beneish M-Score of Mount Logan Capital was 63.93. The lowest was -20.74. And the median was -1.45.
Mount Logan Capital Beneish M-Score Related Terms
Mount Logan Capital Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Mount Logan Capital'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:P31Q vs RMCO, GRF, OFS: Beneish M-Score Comparison
For the Asset Management subindustry, Mount Logan Capital'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.
Mount Logan Capital Beneish M-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Mount Logan Capital's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Mount Logan Capital'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 Mount Logan Capital 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 * 2.0512
+
0.528 * 1.068
+
0.404 * 0.7429
+
0.892 * 0.8512
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.5488
+
4.679 * -0.002067
-
0.327 * 0.9729
=
-1.81
* 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))
=
(2.129 / (2.129 + 0))
/
(2.676 / (2.676 + 0))
=
1
/
1
=
1
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
=
(-53.498 - -18.006
-
-32.705)
/
1348.453
=
-0.002067
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.
Mount Logan Capital has a M-score of -1.81 suggests that the company is unlikely to be a manipulator.
Mount Logan Capital (FRA:P31Q) has a Beneish M-Score of -1.76 as of Jul. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Mount Logan Capital and its competitors. According to the industry distribution chart, Mount Logan Capital ranks #632 out of 952 companies in the Asset Management industry, placing it in the top 66.4%.
Is Mount Logan Capital's Beneish M-Score too high?
Mount Logan Capital's current Beneish M-Score is -1.76. Based on the distribution chart, Mount Logan Capital ranks #632 out of 952 companies in the Asset Management industry, which is below the industry midpoint. Overall, Mount Logan Capital has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does Mount Logan Capital's Beneish M-Score compare to RMCO and GRF?
According to the Asset Management industry distribution chart, Mount Logan Capital ranks #632 out of 952 companies for Beneish M-Score. This places Mount Logan Capital 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 an Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 Mount Logan Capital and its competitors. Mount Logan Capital's current Beneish M-Score is -1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mount Logan Capital stock overvalued right now?
Mount Logan Capital (FRA:P31Q) has a current Beneish M-Score of -1.76. The stock's GF Value™ is €0.74, compared to a current price of €1.63 — trading 120.3% above its estimated fair value. The current Beneish M-Score is -1.76. Mount Logan Capital's overall GF Score™ is 60/100 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 Mount Logan Capital (FRA:P31Q), the current Beneish M-Score is -1.76 as of Jul. 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 Mount Logan Capital (FRA:P31Q) Overvalued in 2026?
Based on GuruFocus' analysis, Mount Logan Capital stock appears to be overvalued.
The current stock price of €1.63 is trading 120.3% above its estimated GF Value™ of €0.74.
Key valuation signals for FRA:P31Q:
Beneish M-Score: -1.76
GF Value™: €0.74 vs. price of €1.63 (120.3% above fair value)
No single metric tells the full story. See the FRA:P31Q stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mount Logan Capital Inc operates as emerging asset management and investment firm focused on investing in public and private debt securities in the North American market. The company's reporting segments include asset management and insurance. The company through its subsidiaries, earns management and incentive fees and servicing fees for providing investment management, monitoring and other services to investment vehicles and advisers. The Asset Management segment comprises all fee generating activities. The Insurance Solutions segment, which derives maximum revenue, consists of two product lines within the insurance business, LTC and MYGA.
60GF Score
Get the complete analysis for FRA:P31Q
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:P31Q has been successfully added to your 
