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 -2.67 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Hudson Pacific Properties's Beneish M-Score or its related term are showing as below:
HPP'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.95 Med: -2.54 Max: -2.2
Current: -2.67
During the past 13 years, the highest Beneish M-Score of Hudson Pacific Properties was -2.20. The lowest was -2.95. And the median was -2.54.
Hudson Pacific Properties Beneish M-Score Related Terms
Hudson Pacific Properties Beneish M-Score Historical Data
* 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.
For the REIT - Office subindustry, Hudson Pacific Properties'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.
Hudson Pacific Properties Beneish M-Score vs REITs Industry
For the REITs industry and Real Estate sector, Hudson Pacific Properties's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Hudson Pacific Properties'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 Hudson Pacific Properties 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 * 1.0291
+
0.528 * 0.9131
+
0.404 * 0.9994
+
0.892 * 0.9855
+
0.115 * 0.8933
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8697
+
4.679 * -0.04156
-
0.327 * 0.917
=
-2.67
* 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))
=
(353.901 / (353.901 + 482.087))
/
(361.151 / (361.151 + 400.947))
=
0.423333
/
0.47389
=
0.8933
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
=
(-538.377 - -372.622
-
134.733)
/
7230.301
=
-0.04156
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.
Hudson Pacific Properties has a M-score of -2.67 suggests that the company is unlikely to be a manipulator.
Hudson Pacific Properties (HPP) has a Beneish M-Score of -2.67 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hudson Pacific Properties and its competitors. According to the industry distribution chart, Hudson Pacific Properties ranks #227 out of 765 companies in the REITs industry, placing it in the top 29.7%.
Is Hudson Pacific Properties' Beneish M-Score too high?
Hudson Pacific Properties' current Beneish M-Score is -2.67. Based on the distribution chart, Hudson Pacific Properties ranks #227 out of 765 companies in the REITs industry, which is above the industry midpoint. Overall, Hudson Pacific Properties has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hudson Pacific Properties' Beneish M-Score compare to PSTL and BDN?
According to the REITs industry distribution chart, Hudson Pacific Properties ranks #227 out of 765 companies for Beneish M-Score. This puts Hudson Pacific Properties 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 REITs company?
A good Beneish M-Score depends on the REITs 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 Hudson Pacific Properties and its competitors. Hudson Pacific Properties's current Beneish M-Score is -2.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hudson Pacific Properties stock overvalued right now?
Based on GuruFocus' analysis, Hudson Pacific Properties (HPP) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.98, compared to a current price of $14.38 — trading 60.1% above its estimated fair value. The current Beneish M-Score is -2.67. Hudson Pacific Properties' overall GF Score™ is 50/100 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 Hudson Pacific Properties (HPP), the current Beneish M-Score is -2.67 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 Hudson Pacific Properties (HPP) Overvalued in 2026?
Based on GuruFocus' analysis, Hudson Pacific Properties stock appears to be overvalued.
The current stock price of $14.38 is trading 60.1% above its estimated GF Value™ of $8.98.
GuruFocus considers Hudson Pacific Properties to be Significantly Overvalued.
Key valuation signals for HPP:
Beneish M-Score: -2.67
GF Value™: $8.98 vs. price of $14.38 (60.1% above fair value)
No single metric tells the full story. See the HPP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hudson Pacific Properties Inc is a vertically integrated real estate investment trust offering end-to-end real estate solutions for dynamic tenants in the synergistic, converging and secular growth industries of tech and media. It acquires, repositions, develops and operates sustainable high-quality office studio properties in high-barrier-to-entry tech and media epicenters. Its primary investment markets include Los Angeles, the San Francisco Bay Area, Seattle, New York and Vancouver, British Columbia. Its segments include Office properties and related operations and Studio properties and related operations. The majority of the revenue is derived from Office properties and related operations segment.
50GF Score
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