Barclays Bank (FRA:YIQG) Beneish M-Score: -2.99 (As of Jun. 28, 2026)


FRA:YIQG Barclays Bank PLC FRA:YIQG
18 GF Score
Price $103.36
GF Value $129.07
! 1 Warning Sign
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What is Barclays Bank Beneish M-Score?

Barclays Bank FRA:YIQG +0.07% 18 Beneish M-Score is -2.99 as of Jun. 28, 2026. GuruFocus rates FRA:YIQG with a GF Score™ of 18/100 and a GF Value™ of $129.07. The stock has 1 warning sign investors should review.

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 -2.99 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

FRA:YIQG' s Beneish M-Score Range Over the Past 10 Years
Min: -3.06   Med: -2.35   Max: 0.74
Current: -2.99

During the past 13 years, the highest Beneish M-Score of Barclays Bank was 0.74. The lowest was -3.06. And the median was -2.35.

FRA:YIQG
18GF Score
Barclays Bank PLC FRA:YIQG
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Barclays Bank 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 Barclays Bank 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 * 0.4357+0.528 * 1+0.404 * 1+0.892 * 1.164+0.115 * 0.9985
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.94+4.679 * -0.018824-0.327 * 1.187
=-2.99

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was $503 Mil.
Revenue was $28,015 Mil.
Gross Profit was $28,015 Mil.
Total Current Assets was $0 Mil.
Total Assets was $1,667,300 Mil.
Property, Plant and Equipment(Net PPE) was $2,088 Mil.
Depreciation, Depletion and Amortization(DDA) was $485 Mil.
Selling, General, & Admin. Expense(SGA) was $15,205 Mil.
Total Current Liabilities was $0 Mil.
Long-Term Debt & Capital Lease Obligation was $252,695 Mil.
Net Income was $6,236 Mil.
Gross Profit was $0 Mil.
Cash Flow from Operations was $37,621 Mil.
 Total Receivables was $992 Mil.
Revenue was $24,067 Mil.
Gross Profit was $24,067 Mil.
Total Current Assets was $0 Mil.
Total Assets was $1,540,485 Mil.
Property, Plant and Equipment(Net PPE) was $1,943 Mil.
Depreciation, Depletion and Amortization(DDA) was $450 Mil.
Selling, General, & Admin. Expense(SGA) was $13,896 Mil.
Total Current Liabilities was $0 Mil.
Long-Term Debt & Capital Lease Obligation was $196,700 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)
=(503.347 / 28014.726) / (992.415 / 24067.004)
=0.017967 / 0.041236
=0.4357

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)
=(24067.004 / 24067.004) / (28014.726 / 28014.726)
=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 + 2088.353) / 1667299.866) / (1 - (0 + 1943.11) / 1540485.461)
=0.998747 / 0.998739
=1

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
=28014.726 / 24067.004
=1.164

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))
=(450.063 / (450.063 + 1943.11)) / (484.605 / (484.605 + 2088.353))
=0.188061 / 0.188345
=0.9985

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)
=(15204.819 / 28014.726) / (13896.334 / 24067.004)
=0.542744 / 0.577402
=0.94

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)
=((252694.779 + 0) / 1667299.866) / ((196700.379 + 0) / 1540485.461)
=0.151559 / 0.127687
=1.187

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
=(6235.609 - 0 - 37621.151) / 1667299.866
=-0.018824

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.

Barclays Bank has a M-score of -2.99 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 -2.99 mean?
Barclays Bank (FRA:YIQG) has a Beneish M-Score of -2.99 as of Jun. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Barclays Bank and its competitors.
Is Barclays Bank's Beneish M-Score too high?
Barclays Bank's current Beneish M-Score is -2.99. Overall, Barclays Bank has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Barclays Bank's Beneish M-Score compare to USB and PNC?
Barclays Bank's Beneish M-Score of -2.99 can be compared against companies in the Banks 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 Barclays Bank and its competitors. Barclays Bank's current Beneish M-Score is -2.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Barclays Bank stock overvalued right now?
Barclays Bank (FRA:YIQG) has a current Beneish M-Score of -2.99. The stock's GF Value™ is $129.07, compared to a current price of $103.36 — trading 19.9% below its estimated fair value. The current Beneish M-Score is -2.99. Barclays Bank's overall GF Score™ is 18/100 with 1 warning sign 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 Barclays Bank (FRA:YIQG), the current Beneish M-Score is -2.99 as of Jun. 28, 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 Barclays Bank (FRA:YIQG) Overvalued in 2026?

Based on GuruFocus' analysis, Barclays Bank stock appears to be undervalued. The current stock price of $103.36 is trading 19.9% below its estimated GF Value™ of $129.07.

Key valuation signals for FRA:YIQG:

  • Beneish M-Score: -2.99
  • GF Value™: $129.07 vs. price of $103.36 (19.9% below fair value)
  • GF Score™: 18/100 with 1 warning sign

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

Barclays Bank Business Description

Address 1 Churchill Place, Canary Wharf, London, GBR, E14 5HP
Barclays Bank PLC is a financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management, and investment management services all over the world. The company's reportable segments are; Barclays UK Corporate Bank, Barclays Private Bank and Wealth Management, Barclays Investment Bank, and Barclays U.S. Consumer Bank. Maximum revenue for the company is generated from its Barclays Investment Bank segment. Geographically, it derives maximum revenue from the United States, followed by the United Kingdom, Europe, Africa, other regions of the Americas, and the Middle East and Asia.
18GF Score

Get the complete analysis for FRA:YIQG

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

$103.36
Price
$129.07
GF Value