Penske Automotive Group (FRA:UA9) Beneish M-Score: -2.62 (As of Jul. 02, 2026)

What is Penske Automotive Group Beneish M-Score?

Penske Automotive Group FRA:UA9 -0.64% 86 Beneish M-Score is -2.62 as of Jul. 02, 2026. GuruFocus rates FRA:UA9 with a GF Score™ of 86/100 and a GF Value™ of €146.28. The stock has 8 warning signs investors should review. Among 1,276 Vehicles & Parts companies, Penske Automotive Group ranks better than 57.21% 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 -2.62 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

FRA:UA9' s Beneish M-Score Range Over the Past 10 Years
Min: -2.97 Med: -2.52 Max: -2.28
Current: -2.62

During the past 13 years, the highest Beneish M-Score of Penske Automotive Group was -2.28. The lowest was -2.97. And the median was -2.52.

Penske Automotive Group Beneish M-Score Related Terms

Penske Automotive Group Beneish M-Score Historical Data

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The historical data trend for Penske Automotive 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.

Penske Automotive Group Beneish M-Score Chart

Penske Automotive Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.66

-2.49

-2.36

-2.65

-2.53

Penske Automotive Group 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															-2.44	-2.54	-2.59	-2.53	-2.62

FRA:UA9 vs ALTB, KMX, LAD: Beneish M-Score Comparison

For the Auto & Truck Dealerships subindustry, Penske Automotive 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.

Penske Automotive Group Beneish M-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Penske Automotive Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Penske Automotive Group's Beneish M-Score falls into.

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86GF Score

Penske Automotive Group Inc FRA:UA9

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Penske Automotive Group 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 Penske Automotive Group for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.9204

0.528 * 0.999

0.404 * 1.0661

0.892 * 0.9165

0.115 * 0.9902

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0256

4.679 * -0.012644

0.327 * 1.0289

-2.68

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was €938 Mil.
Revenue was 6802.014 + 7554.826 + 6556.396 + 6643.214 = €27,556 Mil.
Gross Profit was 1123.981 + 1197.564 + 1064.233 + 1124.152 = €4,510 Mil.
Total Current Assets was €5,466 Mil.
Total Assets was €15,845 Mil.
Property, Plant and Equipment(Net PPE) was €5,033 Mil.
Depreciation, Depletion and Amortization(DDA) was €152 Mil.
Selling, General, & Admin. Expense(SGA) was €3,279 Mil.
Total Current Liabilities was €5,669 Mil.
Long-Term Debt & Capital Lease Obligation was €4,017 Mil.
Net Income was 202.842 + 194.797 + 181.476 + 216.75 = €796 Mil.
Non Operating Income was 87.538 + 40.65 + 49.757 + 46.471 = €224 Mil.
Cash Flow from Operations was 185.975 + 105.213 + 323.334 + 157.274 = €772 Mil.

Total Receivables was €1,111 Mil.
Revenue was 7357.265 + 8718.673 + 6839.311 + 7150.234 = €30,065 Mil.
Gross Profit was 1222.295 + 1398.693 + 1120.123 + 1174.349 = €4,915 Mil.
Total Current Assets was €5,600 Mil.
Total Assets was €15,662 Mil.
Property, Plant and Equipment(Net PPE) was €5,105 Mil.
Depreciation, Depletion and Amortization(DDA) was €152 Mil.
Selling, General, & Admin. Expense(SGA) was €3,489 Mil.
Total Current Liabilities was €6,199 Mil.
Long-Term Debt & Capital Lease Obligation was €3,105 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)
	=	(937.66 / 27556.45)	/	(1111.48 / 30065.483)
	=	0.034027	/	0.036969
	=	0.9204

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)
	=	(4915.46 / 30065.483)	/	(4509.93 / 27556.45)
	=	0.163492	/	0.163662
	=	0.999

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 - (5465.589 + 5033.175) / 15845.243)	/	(1 - (5599.58 + 5105.26) / 15662.007)
	=	0.337419	/	0.316509
	=	1.0661

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
	=	27556.45	/	30065.483
	=	0.9165

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))
	=	(152.302 / (152.302 + 5105.26))	/	(151.677 / (151.677 + 5033.175))
	=	0.028968	/	0.029254
	=	0.9902

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)
	=	(3279.452 / 27556.45)	/	(3488.804 / 30065.483)
	=	0.119009	/	0.11604
	=	1.0256

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)
	=	((4016.887 + 5668.864) / 15845.243)	/	((3104.947 + 6199.442) / 15662.007)
	=	0.611272	/	0.594074
	=	1.0289

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
	=	(795.865 - 224.416	-	771.796)	/	15845.243
	=	-0.012644

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.

Penske Automotive Group has a M-score of -2.68 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 -2.62 mean?

Penske Automotive Group (FRA:UA9) has a Beneish M-Score of -2.62 as of Jul. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Penske Automotive Group and its competitors. According to the industry distribution chart, Penske Automotive Group ranks #546 out of 1276 companies in the Vehicles & Parts industry, placing it in the top 42.8%.

Is Penske Automotive Group's Beneish M-Score too high?

Penske Automotive Group's current Beneish M-Score is -2.62. Based on the distribution chart, Penske Automotive Group ranks #546 out of 1276 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Penske Automotive Group has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.

How does Penske Automotive Group's Beneish M-Score compare to ALTB and KMX?

According to the Vehicles & Parts industry distribution chart, Penske Automotive Group ranks #546 out of 1276 companies for Beneish M-Score. This puts Penske Automotive Group 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 Vehicles & Parts company?

A good Beneish M-Score depends on the Vehicles & Parts 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 Penske Automotive Group and its competitors. Penske Automotive Group's current Beneish M-Score is -2.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Penske Automotive Group stock overvalued right now?

Penske Automotive Group (FRA:UA9) has a current Beneish M-Score of -2.62. The stock's GF Value™ is €146.28, compared to a current price of €155.00 — trading 6% above its estimated fair value. The current Beneish M-Score is -2.62. Penske Automotive Group's overall GF Score™ is 86/100 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 Penske Automotive Group (FRA:UA9), the current Beneish M-Score is -2.62 as of Jul. 02, 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 Penske Automotive Group (FRA:UA9) Overvalued in 2026?

Based on GuruFocus' analysis, Penske Automotive Group stock appears to be overvalued. The current stock price of €155.00 is trading 6% above its estimated GF Value™ of €146.28.

Key valuation signals for FRA:UA9:

Beneish M-Score: -2.62
GF Value™: €146.28 vs. price of €155.00 (6% above fair value)
GF Score™: 86/100 with 8 warning signs

No single metric tells the full story. See the FRA:UA9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Penske Automotive Group Business Description

Industry Consumer Cyclical Vehicles & Parts

Comparable Companies ALTB KMX LAD AN RUSHA VVV OPLN ABG GPI CARG CVNA XBRU:DIE TPE:2207 TSE:4732 ASX:APE LSE:INCH TSX:BYD SAH DRVN TSE:3186

Other Exchanges PAG:USA UA9:Germany

Address 2555 Telegraph Road, Bloomfield Hills, MI, USA, 48302-0954

Website https://www.penskeautomotive.com

Penske Automotive Group operates in 19 US states and overseas. It has about 150 US and Puerto Rico light-vehicle stores as well as 217 franchised dealerships overseas, primarily in the United Kingdom but also in Australia, Germany, Italy, and Japan. The company is the third-largest US publicly traded dealership in terms of light-vehicle revenue and sells more than 40 brands, with over 90% of retail automotive revenue coming from luxury and import names. Other segments are service and finance and insurance. The firm's Premier Truck Group owns 45 truck dealerships selling mostly Freightliner and Western Star brands, and Penske owns 15 used-vehicle stores, mostly in the US and UK under the CarShop (US) and Sytner Select (UK) brands. Penske is based in Bloomfield Hills, Michigan.

86GF Score

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

€155.00

Price

€146.28

GF Value

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