Atlantic Union Bankshares (FRA:UIO) Beneish M-Score: -2.07 (As of Jun. 24, 2026)


FRA:UIO Atlantic Union Bankshares Corp FRA:UIO
68 GF Score
Price €35.40
GF Value €33.23
Valuation Fairly Valued
! 4 Warning Signs
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What is Atlantic Union Bankshares Beneish M-Score?

Atlantic Union Bankshares FRA:UIO +1.14% 68 Beneish M-Score is -2.07 as of Jun. 24, 2026. GuruFocus rates FRA:UIO with a GF Score™ of 68/100 and a GF Value™ of €33.23 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,396 Banks companies, Atlantic Union Bankshares ranks worse than 88.68% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -2.07 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Atlantic Union Bankshares's Beneish M-Score or its related term are showing as below:

FRA:UIO' s Beneish M-Score Range Over the Past 10 Years
Min: -2.69   Med: -2.41   Max: -2.01
Current: -2.07

During the past 13 years, the highest Beneish M-Score of Atlantic Union Bankshares was -2.01. The lowest was -2.69. And the median was -2.41.

FRA:UIO
68GF Score
Atlantic Union Bankshares Corp FRA:UIO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Atlantic Union Bankshares 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 Atlantic Union Bankshares 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+0.528 * 1+0.404 * 1.0002+0.892 * 1.6496+0.115 * 1.0936
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8739+4.679 * -0.052525-0.327 * 1.222
=-2.19

* 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 €0 Mil.
Revenue was 315.124 + 334.451 + 314.412 + 348.2 = €1,312 Mil.
Gross Profit was 315.124 + 334.451 + 314.412 + 348.2 = €1,312 Mil.
Total Current Assets was €0 Mil.
Total Assets was €32,277 Mil.
Property, Plant and Equipment(Net PPE) was €141 Mil.
Depreciation, Depletion and Amortization(DDA) was €39 Mil.
Selling, General, & Admin. Expense(SGA) was €425 Mil.
Total Current Liabilities was €0 Mil.
Long-Term Debt & Capital Lease Obligation was €670 Mil.
Net Income was 105.673 + 95.619 + 78.503 + 17.159 = €297 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = €0 Mil.
Cash Flow from Operations was 110.139 + 97.763 + 133.718 + 1650.703 = €1,992 Mil.
 Total Receivables was €0 Mil.
Revenue was 196.172 + 212.506 + 194.411 + 192.369 = €795 Mil.
Gross Profit was 196.172 + 212.506 + 194.411 + 192.369 = €795 Mil.
Total Current Assets was €0 Mil.
Total Assets was €22,785 Mil.
Property, Plant and Equipment(Net PPE) was €103 Mil.
Depreciation, Depletion and Amortization(DDA) was €33 Mil.
Selling, General, & Admin. Expense(SGA) was €295 Mil.
Total Current Liabilities was €0 Mil.
Long-Term Debt & Capital Lease Obligation was €387 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)
=(0 / 1312.187) / (0 / 795.458)
=0 / 0
=1

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)
=(795.458 / 795.458) / (1312.187 / 1312.187)
=1 / 1
=1

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 - (0 + 140.605) / 32277.485) / (1 - (0 + 103.485) / 22785.165)
=0.995644 / 0.995458
=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
=1312.187 / 795.458
=1.6496

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))
=(32.587 / (32.587 + 103.485)) / (39.425 / (39.425 + 140.605))
=0.239484 / 0.218991
=1.0936

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)
=(425.265 / 1312.187) / (294.984 / 795.458)
=0.324089 / 0.370835
=0.8739

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)
=((670.359 + 0) / 32277.485) / ((387.267 + 0) / 22785.165)
=0.020769 / 0.016996
=1.222

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
=(296.954 - 0 - 1992.323) / 32277.485
=-0.052525

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.

Atlantic Union Bankshares has a M-score of -2.19 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 -2.07 mean?
Atlantic Union Bankshares (FRA:UIO) has a Beneish M-Score of -2.07 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Atlantic Union Bankshares and its competitors. According to the industry distribution chart, Atlantic Union Bankshares ranks #1238 out of 1396 companies in the Banks industry, placing it in the top 88.7%.
Is Atlantic Union Bankshares' Beneish M-Score too high?
Atlantic Union Bankshares' current Beneish M-Score is -2.07. Based on the distribution chart, Atlantic Union Bankshares ranks #1238 out of 1396 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Atlantic Union Bankshares has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Atlantic Union Bankshares' Beneish M-Score compare to HOMB and OZK?
According to the Banks industry distribution chart, Atlantic Union Bankshares ranks #1238 out of 1396 companies for Beneish M-Score. This places Atlantic Union Bankshares 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 a Banks company?
A good Beneish M-Score depends on the Banks 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 Atlantic Union Bankshares and its competitors. Atlantic Union Bankshares's current Beneish M-Score is -2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlantic Union Bankshares stock overvalued right now?
Based on GuruFocus' analysis, Atlantic Union Bankshares (FRA:UIO) is currently considered Fairly Valued. The stock's GF Value™ is €33.23, compared to a current price of €35.40 — trading 6.5% above its estimated fair value. The current Beneish M-Score is -2.07. Atlantic Union Bankshares' overall GF Score™ is 68/100 with 4 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 Atlantic Union Bankshares (FRA:UIO), the current Beneish M-Score is -2.07 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 Atlantic Union Bankshares (FRA:UIO) Overvalued in 2026?

Based on GuruFocus' analysis, Atlantic Union Bankshares stock appears to be overvalued. The current stock price of €35.40 is trading 6.5% above its estimated GF Value™ of €33.23. GuruFocus considers Atlantic Union Bankshares to be Fairly Valued.

Key valuation signals for FRA:UIO:

  • Beneish M-Score: -2.07
  • GF Value™: €33.23 vs. price of €35.40 (6.5% above fair value)
  • GF Score™: 68/100 with 4 warning signs

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

Atlantic Union Bankshares Business Description

Other Exchanges AUBpA.PFD:USAAUB:USA
Address 4300 Cox Road, Glen Allen, VA, USA, 23060
Atlantic Union Bankshares Corp is a financial and bank holding company based in the U.S. Through its community bank subsidiary and non-bank financial services affiliates, the company provides financial services, including banking, trust, and wealth management. It offers consumers and businesses a wide range of banking and related financial services, including checking, savings, certificates of deposit, and other depository services, as well as loans for commercial, industrial, residential mortgage, and consumer purposes. The company operates through two reportable operating segments: Wholesale Banking and Consumer Banking, with corporate support functions such as corporate treasury and others included in Corporate Other. It derives maximum revenue from the Wholesale Banking segment.
68GF Score

Get the complete analysis for FRA:UIO

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

€35.40
Price
€33.23
GF Value