Pebblebrook Hotel Trust (FRA:PD0) Beneish M-Score: -2.82 (As of Jun. 27, 2026)


FRA:PD0 Pebblebrook Hotel Trust FRA:PD0
70 GF Score
Price €16.40
GF Value €12.97
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Pebblebrook Hotel Trust Beneish M-Score?

Pebblebrook Hotel Trust FRA:PD0 70 Beneish M-Score is -2.82 as of Jun. 27, 2026. GuruFocus rates FRA:PD0 with a GF Score™ of 70/100 and a GF Value™ of €12.97 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 764 REITs companies, Pebblebrook Hotel Trust ranks better than 81.02% 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 -2.82 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

FRA:PD0' s Beneish M-Score Range Over the Past 10 Years
Min: -6.12   Med: -2.59   Max: 1.76
Current: -2.82

During the past 13 years, the highest Beneish M-Score of Pebblebrook Hotel Trust was 1.76. The lowest was -6.12. And the median was -2.59.


Pebblebrook Hotel Trust Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Pebblebrook Hotel Trust'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.

Pebblebrook Hotel Trust Beneish M-Score Chart

Pebblebrook Hotel Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.85 -2.34 -2.73 -2.83 -2.83

Pebblebrook Hotel Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -2.91 -2.92 -2.98 -2.83 -2.82

FRA:PD0 vs XHR, RLJ, SHO: Beneish M-Score Comparison

For the REIT - Hotel & Motel subindustry, Pebblebrook Hotel Trust'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.


Pebblebrook Hotel Trust Beneish M-Score vs REITs Industry

For the REITs industry and Real Estate sector, Pebblebrook Hotel Trust's Beneish M-Score distribution charts can be found below:

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


FRA:PD0
70GF Score
Pebblebrook Hotel Trust FRA:PD0
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pebblebrook Hotel Trust 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 Pebblebrook Hotel Trust 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 * 0.9011+0.528 * 0.9786+0.404 * 1.0002+0.892 * 0.9542+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9545+4.679 * -0.05561-0.327 * 1.0101
=-2.88

* 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 €34 Mil.
Revenue was 298.992 + 298.061 + 339.712 + 353.335 = €1,290 Mil.
Gross Profit was 69.872 + 62.145 + 88.835 + 103.843 = €325 Mil.
Total Current Assets was €211 Mil.
Total Assets was €4,588 Mil.
Property, Plant and Equipment(Net PPE) was €0 Mil.
Depreciation, Depletion and Amortization(DDA) was €191 Mil.
Selling, General, & Admin. Expense(SGA) was €42 Mil.
Total Current Liabilities was €623 Mil.
Long-Term Debt & Capital Lease Obligation was €1,775 Mil.
Net Income was -16.672 + -15.246 + -28.173 + 15.655 = €-44 Mil.
Non Operating Income was -6.814 + 4.414 + -35.431 + 4.537 = €-33 Mil.
Cash Flow from Operations was 72.704 + 26.711 + 66.088 + 78.5 = €244 Mil.
Total Receivables was €40 Mil.
Revenue was 296.246 + 322.408 + 364.482 + 368.915 = €1,352 Mil.
Gross Profit was 55.296 + 60.956 + 101.125 + 115.615 = €333 Mil.
Total Current Assets was €242 Mil.
Total Assets was €5,227 Mil.
Property, Plant and Equipment(Net PPE) was €0 Mil.
Depreciation, Depletion and Amortization(DDA) was €213 Mil.
Selling, General, & Admin. Expense(SGA) was €46 Mil.
Total Current Liabilities was €345 Mil.
Long-Term Debt & Capital Lease Obligation was €2,360 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)
=(34.338 / 1290.1) / (39.935 / 1352.051)
=0.026617 / 0.029537
=0.9011

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)
=(332.992 / 1352.051) / (324.695 / 1290.1)
=0.246287 / 0.251682
=0.9786

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 - (211.319 + 0) / 4588.107) / (1 - (241.757 + 0) / 5226.824)
=0.953942 / 0.953747
=1.0002

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
=1290.1 / 1352.051
=0.9542

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))
=(213.197 / (213.197 + 0)) / (190.875 / (190.875 + 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

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)
=(41.509 / 1290.1) / (45.574 / 1352.051)
=0.032175 / 0.033707
=0.9545

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)
=((1775.295 + 623.041) / 4588.107) / ((2359.681 + 345.208) / 5226.824)
=0.522729 / 0.517501
=1.0101

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
=(-44.436 - -33.294 - 244.003) / 4588.107
=-0.05561

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.

Pebblebrook Hotel Trust has a M-score of -2.88 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 -2.82 mean?
Pebblebrook Hotel Trust (FRA:PD0) has a Beneish M-Score of -2.82 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Pebblebrook Hotel Trust and its competitors. According to the industry distribution chart, Pebblebrook Hotel Trust ranks #145 out of 764 companies in the REITs industry, placing it in the top 19%.
Is Pebblebrook Hotel Trust's Beneish M-Score too high?
Pebblebrook Hotel Trust's current Beneish M-Score is -2.82. Based on the distribution chart, Pebblebrook Hotel Trust ranks #145 out of 764 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Pebblebrook Hotel Trust has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pebblebrook Hotel Trust's Beneish M-Score compare to XHR and RLJ?
According to the REITs industry distribution chart, Pebblebrook Hotel Trust ranks #145 out of 764 companies for Beneish M-Score. This places Pebblebrook Hotel Trust in the top 19% 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 REITs company?
A good Beneish M-Score depends on the REITs 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 Pebblebrook Hotel Trust and its competitors. Pebblebrook Hotel Trust's current Beneish M-Score is -2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pebblebrook Hotel Trust stock overvalued right now?
Based on GuruFocus' analysis, Pebblebrook Hotel Trust (FRA:PD0) is currently considered Modestly Overvalued. The stock's GF Value™ is €12.97, compared to a current price of €16.40 — trading 26.4% above its estimated fair value. The current Beneish M-Score is -2.82. Pebblebrook Hotel Trust's overall GF Score™ is 70/100 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 Pebblebrook Hotel Trust (FRA:PD0), the current Beneish M-Score is -2.82 as of Jun. 27, 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 Pebblebrook Hotel Trust (FRA:PD0) Overvalued in 2026?

Based on GuruFocus' analysis, Pebblebrook Hotel Trust stock appears to be overvalued. The current stock price of €16.40 is trading 26.4% above its estimated GF Value™ of €12.97. GuruFocus considers Pebblebrook Hotel Trust to be Modestly Overvalued.

Key valuation signals for FRA:PD0:

  • Beneish M-Score: -2.82
  • GF Value™: €12.97 vs. price of €16.40 (26.4% above fair value)
  • GF Score™: 70/100 with 6 warning signs

No single metric tells the full story. See the FRA:PD0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pebblebrook Hotel Trust Business Description

Industry Real EstateREITs
Address 4747 Bethesda Avenue, Suite 1100, Bethesda, MD, USA, 20814
Pebblebrook Hotel Trust currently owns upper upscale and luxury hotels with 11,052 rooms across 44 hotels in the United States. Pebblebrook acquired LaSalle Hotel Properties, which owned 10,451 rooms across 41 US hotels, in November 2018, though management has sold many of those hotels over the past few years. Pebblebrook's portfolio consists mostly of independent hotels with no brand affiliations, though the combined company does own and operate some hotels under Marriott, Starwood, InterContinental, Hilton, and Hyatt brands.
70GF Score

Get the complete analysis for FRA:PD0

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

€16.40
Price
€12.97
GF Value