H (Hyatt Hotels) Beneish M-Score: -2.41 (As of Aug. 07, 2026)

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H Hyatt Hotels Corp H
77 GF Score
Price $177.71
GF Value $166.23
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Hyatt Hotels Beneish M-Score?

Hyatt Hotels H -0.65% 77 Beneish M-Score is -2.41 as of Aug. 07, 2026. GuruFocus rates H with a GF Score™ of 77/100 and a GF Value™ of $166.23 (Fairly Valued). The stock has 5 warning signs investors should review. Among 817 Travel & Leisure companies, Hyatt Hotels ranks worse than 67.81% 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 -2.41 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

H' s Beneish M-Score Range Over the Past 10 Years
Min: -207.88   Med: -2.55   Max: -0.34
Current: -2.41

During the past 13 years, the highest Beneish M-Score of Hyatt Hotels was -0.34. The lowest was -207.88. And the median was -2.55.


Hyatt Hotels Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Hyatt Hotels'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.

Hyatt Hotels Beneish M-Score Chart

Hyatt Hotels 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 -2.31 -2.16 -2.58 -2.43 -2.51

Hyatt Hotels Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -2.33 -2.51 -2.51 -2.56 -2.41

H vs HTHT, WH, CHH: Beneish M-Score Comparison

For the Lodging subindustry, Hyatt Hotels'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.


Hyatt Hotels Beneish M-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Hyatt Hotels's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Hyatt Hotels's Beneish M-Score falls into.


H
77GF Score
Hyatt Hotels Corp H
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hyatt Hotels 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 Hyatt Hotels 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 * 1.1006+0.528 * 0.9915+0.404 * 0.9966+0.892 * 1.0585+0.115 * 0.9264
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.027+4.679 * -0.018746-0.327 * 0.8917
=-2.41

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was $1,144 Mil.
Revenue was 1829 + 1748 + 1789 + 1786 = $7,152 Mil.
Gross Profit was 388 + 340 + 351 + 344 = $1,423 Mil.
Total Current Assets was $2,036 Mil.
Total Assets was $13,976 Mil.
Property, Plant and Equipment(Net PPE) was $1,857 Mil.
Depreciation, Depletion and Amortization(DDA) was $346 Mil.
Selling, General, & Admin. Expense(SGA) was $587 Mil.
Total Current Liabilities was $3,286 Mil.
Long-Term Debt & Capital Lease Obligation was $3,904 Mil.
Net Income was 110 + 38 + -20 + -49 = $79 Mil.
Non Operating Income was 72 + -30 + -63 + -81 = $-102 Mil.
Cash Flow from Operations was 50 + 100 + 313 + -20 = $443 Mil.
Total Receivables was $982 Mil.
Revenue was 1808 + 1718 + 1602 + 1629 = $6,757 Mil.
Gross Profit was 374 + 332 + 308 + 319 = $1,333 Mil.
Total Current Assets was $2,319 Mil.
Total Assets was $15,907 Mil.
Property, Plant and Equipment(Net PPE) was $2,073 Mil.
Depreciation, Depletion and Amortization(DDA) was $353 Mil.
Selling, General, & Admin. Expense(SGA) was $540 Mil.
Total Current Liabilities was $3,294 Mil.
Long-Term Debt & Capital Lease Obligation was $5,883 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)
=(1144 / 7152) / (982 / 6757)
=0.159955 / 0.145331
=1.1006

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)
=(1333 / 6757) / (1423 / 7152)
=0.197277 / 0.198965
=0.9915

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 - (2036 + 1857) / 13976) / (1 - (2319 + 2073) / 15907)
=0.721451 / 0.723895
=0.9966

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
=7152 / 6757
=1.0585

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))
=(353 / (353 + 2073)) / (346 / (346 + 1857))
=0.145507 / 0.157059
=0.9264

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)
=(587 / 7152) / (540 / 6757)
=0.082075 / 0.079917
=1.027

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)
=((3904 + 3286) / 13976) / ((5883 + 3294) / 15907)
=0.514453 / 0.576916
=0.8917

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
=(79 - -102 - 443) / 13976
=-0.018746

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.

Hyatt Hotels has a M-score of -2.41 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 -2.41 mean?
Hyatt Hotels (H) has a Beneish M-Score of -2.41 as of Aug. 07, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hyatt Hotels and its competitors. According to the industry distribution chart, Hyatt Hotels ranks #554 out of 817 companies in the Travel & Leisure industry, placing it in the top 67.8%.
Is Hyatt Hotels' Beneish M-Score too high?
Hyatt Hotels' current Beneish M-Score is -2.41. Based on the distribution chart, Hyatt Hotels ranks #554 out of 817 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Hyatt Hotels has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hyatt Hotels' Beneish M-Score compare to HTHT and WH?
According to the Travel & Leisure industry distribution chart, Hyatt Hotels ranks #554 out of 817 companies for Beneish M-Score. This places Hyatt Hotels 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 Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 Hyatt Hotels and its competitors. Hyatt Hotels's current Beneish M-Score is -2.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hyatt Hotels stock overvalued right now?
Based on GuruFocus' analysis, Hyatt Hotels (H) is currently considered Fairly Valued. The stock's GF Value™ is $166.23, compared to a current price of $177.71 — trading 6.9% above its estimated fair value. The current Beneish M-Score is -2.41. Hyatt Hotels' overall GF Score™ is 77/100 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 Hyatt Hotels (H), the current Beneish M-Score is -2.41 as of Aug. 07, 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 Hyatt Hotels (H) Overvalued in 2026?

Based on GuruFocus' analysis, Hyatt Hotels stock appears to be overvalued. The current stock price of $177.71 is trading 6.9% above its estimated GF Value™ of $166.23. GuruFocus considers Hyatt Hotels to be Fairly Valued.

Key valuation signals for H:

  • Beneish M-Score: -2.41
  • GF Value™: $166.23 vs. price of $177.71 (6.9% above fair value)
  • GF Score™: 77/100 with 5 warning signs

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


Hyatt Hotels Business Description

Other Exchanges 1HTA:Germany
Address 150 North Riverside Plaza, 8th Floor, Chicago, IL, USA, 60606
Hyatt is an operator of owned (2% of total rooms) and managed and franchised (98%) properties across about 35 upscale luxury brands, which include vacation brands (Apple Leisure Group, Hyatt Ziva, and Hyatt Zilara), the recently launched full-service lifestyle brand Hyatt Centric, the soft lifestyle brand Unbound, the wellness brand Miraval, and the midscale extended-stay brand Studios. Hyatt acquired Two Roads Hospitality in 2018 and Apple Leisure Group in 2021. Regional exposure, as a percentage of total rooms, is 45% for the US, 31% for the rest of the world, and 24% for Asia-Pacific.
77GF Score

Get the complete analysis for H

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

$177.71
Price
$166.23
GF Value