L.B. Foster CoFSTR +3.05%66 Beneish M-Score is -2.88 as of Jun. 25, 2026. GuruFocus rates FSTR with a GF Score™ of 66/100 and a GF Value™ of $25.01 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 966 Transportation companies, L.B. Foster Co ranks better than 76.6% 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 -2.88 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for L.B. Foster Co's Beneish M-Score or its related term are showing as below:
FSTR'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.61 Med: -2.54 Max: -2.02
Current: -2.88
During the past 13 years, the highest Beneish M-Score of L.B. Foster Co was -2.02. The lowest was -3.61. And the median was -2.54.
L.B. Foster Co Beneish M-Score Related Terms
L.B. Foster Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for L.B. Foster Co'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.
FSTR vs RAIL, SWVL, RVSN: Beneish M-Score Comparison
For the Railroads subindustry, L.B. Foster Co'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.
L.B. Foster Co Beneish M-Score vs Transportation Industry
For the Transportation industry and Industrials sector, L.B. Foster Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where L.B. Foster Co'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 L.B. Foster Co 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 * 1.0354
+
0.528 * 1.0493
+
0.404 * 0.8699
+
0.892 * 1.1173
+
0.115 * 1.2001
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8586
+
4.679 * -0.121279
-
0.327 * 0.9618
=
-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.
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))
=
(13.916 / (13.916 + 99.345))
/
(11.922 / (11.922 + 104.528))
=
0.122867
/
0.102379
=
1.2001
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
=
(11.155 - 0.319
-
51.317)
/
333.783
=
-0.121279
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.
L.B. Foster Co has a M-score of -2.88 suggests that the company is unlikely to be a manipulator.
L.B. Foster Co (FSTR) has a Beneish M-Score of -2.88 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on L.B. Foster Co and its competitors. According to the industry distribution chart, L.B. Foster Co ranks #226 out of 966 companies in the Transportation industry, placing it in the top 23.4%.
Is L.B. Foster Co's Beneish M-Score too high?
L.B. Foster Co's current Beneish M-Score is -2.88. Based on the distribution chart, L.B. Foster Co ranks #226 out of 966 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, L.B. Foster Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does L.B. Foster Co's Beneish M-Score compare to RAIL and SWVL?
According to the Transportation industry distribution chart, L.B. Foster Co ranks #226 out of 966 companies for Beneish M-Score. This places L.B. Foster Co in the top 23% 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 Transportation company?
A good Beneish M-Score depends on the Transportation 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 L.B. Foster Co and its competitors. L.B. Foster Co's current Beneish M-Score is -2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is L.B. Foster Co stock overvalued right now?
Based on GuruFocus' analysis, L.B. Foster Co (FSTR) is currently considered Significantly Overvalued. The stock's GF Value™ is $25.01, compared to a current price of $44.64 — trading 78.5% above its estimated fair value. The current Beneish M-Score is -2.88. L.B. Foster Co's overall GF Score™ is 66/100 with 5 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 L.B. Foster Co (FSTR), the current Beneish M-Score is -2.88 as of Jun. 25, 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 L.B. Foster Co (FSTR) Overvalued in 2026?
Based on GuruFocus' analysis, L.B. Foster Co stock appears to be overvalued.
The current stock price of $44.64 is trading 78.5% above its estimated GF Value™ of $25.01.
GuruFocus considers L.B. Foster Co to be Significantly Overvalued.
Key valuation signals for FSTR:
Beneish M-Score: -2.88
GF Value™: $25.01 vs. price of $44.64 (78.5% above fair value)
No single metric tells the full story. See the FSTR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
L.B. Foster Co is a technology solutions provider of products and services for the rail and infrastructure markets. The company has two reporting segments: Rail, Technologies, and Services (Rail); and Infrastructure Solutions (Infrastructure). Maximum revenue is generated from the Rail segment, which is comprised of several manufacturing and distribution businesses that provide products and services for freight and passenger railroads and industrial companies throughout the world. The Infrastructure segment offers engineered precast concrete solutions, as well as fabricated bridge, protective pipe coating, and pipe threading offerings across North America. Geographically, the company generates maximum revenue from the United States, followed by Canada, the UK, and other markets.
66GF Score
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