HTB (HomeTrust Bancshares) Beneish M-Score: -5.53 (As of Jun. 25, 2026)


HTB HomeTrust Bancshares Inc HTB
70 GF Score
Price $48.98
GF Value $36.24
Valuation Significantly Overvalued
! 5 Warning Signs
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What is HomeTrust Bancshares Beneish M-Score?

HomeTrust Bancshares HTB 70 Beneish M-Score is -5.53 as of Jun. 25, 2026. GuruFocus rates HTB with a GF Score™ of 70/100 and a GF Value™ of $36.24 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,396 Banks companies, HomeTrust Bancshares ranks better than 99.07% 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 -5.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

HTB' s Beneish M-Score Range Over the Past 10 Years
Min: -22.53   Med: -2.48   Max: 55.26
Current: -5.53

During the past 13 years, the highest Beneish M-Score of HomeTrust Bancshares was 55.26. The lowest was -22.53. And the median was -2.48.

HTB
70GF Score
HomeTrust Bancshares Inc HTB
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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HomeTrust Bancshares 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 HomeTrust Bancshares 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 * 0.9498+0.528 * 1+0.404 * 1.0013+0.892 * 1.0539+0.115 * 1.0889
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0323+4.679 * -0.005032-0.327 * 10.2668
=-5.53

* 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 $182.0 Mil.
Revenue was 53.959 + 53.544 + 54.14 + 52.91 = $214.6 Mil.
Gross Profit was 53.959 + 53.544 + 54.14 + 52.91 = $214.6 Mil.
Total Current Assets was $0.0 Mil.
Total Assets was $4,386.3 Mil.
Property, Plant and Equipment(Net PPE) was $62.2 Mil.
Depreciation, Depletion and Amortization(DDA) was $13.3 Mil.
Selling, General, & Admin. Expense(SGA) was $78.9 Mil.
Total Current Liabilities was $0.0 Mil.
Long-Term Debt & Capital Lease Obligation was $100.2 Mil.
Net Income was 16.772 + 16.124 + 16.491 + 17.21 = $66.6 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.0 Mil.
Cash Flow from Operations was 110.834 + -2.114 + -11.257 + -8.794 = $88.7 Mil.
 Total Receivables was $181.8 Mil.
Revenue was 50.934 + 51.448 + 50.64 + 50.559 = $203.6 Mil.
Gross Profit was 50.934 + 51.448 + 50.64 + 50.559 = $203.6 Mil.
Total Current Assets was $0.0 Mil.
Total Assets was $4,558.1 Mil.
Property, Plant and Equipment(Net PPE) was $70.6 Mil.
Depreciation, Depletion and Amortization(DDA) was $16.8 Mil.
Selling, General, & Admin. Expense(SGA) was $72.5 Mil.
Total Current Liabilities was $0.0 Mil.
Long-Term Debt & Capital Lease Obligation was $10.1 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)
=(182.007 / 214.553) / (181.823 / 203.581)
=0.848308 / 0.893124
=0.9498

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)
=(203.581 / 203.581) / (214.553 / 214.553)
=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 + 62.21) / 4386.341) / (1 - (0 + 70.587) / 4558.06)
=0.985817 / 0.984514
=1.0013

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
=214.553 / 203.581
=1.0539

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))
=(16.764 / (16.764 + 70.587)) / (13.31 / (13.31 + 62.21))
=0.191915 / 0.176245
=1.0889

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)
=(78.886 / 214.553) / (72.51 / 203.581)
=0.367676 / 0.356173
=1.0323

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)
=((100.245 + 0) / 4386.341) / ((10.145 + 0) / 4558.06)
=0.022854 / 0.002226
=10.2668

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
=(66.597 - 0 - 88.669) / 4386.341
=-0.005032

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.

HomeTrust Bancshares has a M-score of -5.53 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 -5.53 mean?
HomeTrust Bancshares (HTB) has a Beneish M-Score of -5.53 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on HomeTrust Bancshares and its competitors. According to the industry distribution chart, HomeTrust Bancshares ranks #13 out of 1396 companies in the Banks industry, placing it in the top 0.90000000000001%.
Is HomeTrust Bancshares' Beneish M-Score too high?
HomeTrust Bancshares' current Beneish M-Score is -5.53. Based on the distribution chart, HomeTrust Bancshares ranks #13 out of 1396 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, HomeTrust Bancshares has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HomeTrust Bancshares' Beneish M-Score compare to CCBG and GSBC?
According to the Banks industry distribution chart, HomeTrust Bancshares ranks #13 out of 1396 companies for Beneish M-Score. This places HomeTrust Bancshares in the top 1% 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 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 HomeTrust Bancshares and its competitors. HomeTrust Bancshares's current Beneish M-Score is -5.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HomeTrust Bancshares stock overvalued right now?
Based on GuruFocus' analysis, HomeTrust Bancshares (HTB) is currently considered Significantly Overvalued. The stock's GF Value™ is $36.24, compared to a current price of $48.98 — trading 35.2% above its estimated fair value. The current Beneish M-Score is -5.53. HomeTrust Bancshares' overall GF Score™ is 70/100 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 HomeTrust Bancshares (HTB), the current Beneish M-Score is -5.53 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 HomeTrust Bancshares (HTB) Overvalued in 2026?

Based on GuruFocus' analysis, HomeTrust Bancshares stock appears to be overvalued. The current stock price of $48.98 is trading 35.2% above its estimated GF Value™ of $36.24. GuruFocus considers HomeTrust Bancshares to be Significantly Overvalued.

Key valuation signals for HTB:

  • Beneish M-Score: -5.53
  • GF Value™: $36.24 vs. price of $48.98 (35.2% above fair value)
  • GF Score™: 70/100 with 5 warning signs

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

HomeTrust Bancshares Business Description

Address 10 Woodfin Street, Asheville, NC, USA, 28801
HomeTrust Bancshares Inc operates as a bank holding company. It engaged in the business of planning, directing and coordinating the business activities of the Bank. The Bank is a North Carolina state chartered bank and provides a range of retail and commercial banking products. Its principal business consists of attracting deposits from the general public and investing those funds, along with borrowed funds, in commercial real estate loans, construction and development loans, commercial and industrial loans, equipment finance leases, municipal leases, loans secured by first and second mortgages on one-to-four family residences including home equity loans and other consumer loans.
70GF Score

Get the complete analysis for HTB

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

$48.98
Price
$36.24
GF Value