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Legacy HousingLEGH +0.79%75 Beneish M-Score is -2.40 as of Aug. 15, 2026. GuruFocus rates LEGH with a GF Score™ of 75/100 and a GF Value™ of $25.33 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 87 Homebuilding & Construction companies, Legacy Housing ranks better than 62.07% 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 -2.4 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Legacy Housing's Beneish M-Score or its related term are showing as below:
LEGH'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.4 Med: -1.83 Max: -0.92
Current: -2.4
During the past 10 years, the highest Beneish M-Score of Legacy Housing was -0.92. The lowest was -2.40. And the median was -1.83.
The historical data trend for Legacy Housing'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.
LEGH vs HOV, BZH, VNJA: Beneish M-Score Comparison
For the Residential Construction subindustry, Legacy Housing'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.
Legacy Housing Beneish M-Score vs Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Legacy Housing's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Legacy Housing'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 Legacy Housing 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 * 1.4245
+
0.528 * 0.9321
+
0.404 * 0.8857
+
0.892 * 0.9738
+
0.115 * 0.8682
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.28
+
4.679 * -8.6E-5
-
0.327 * 1.4227
=
-2.40
* 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))
=
(1.866 / (1.866 + 58.169))
/
(2.586 / (2.586 + 69.651))
=
0.031082
/
0.035799
=
0.8682
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
=
(51.247 - 0.719
-
50.581)
/
615.656
=
-8.6E-5
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.
Legacy Housing has a M-score of -2.40 suggests that the company is unlikely to be a manipulator.
Legacy Housing (LEGH) has a Beneish M-Score of -2.40 as of Aug. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Legacy Housing and its competitors. According to the industry distribution chart, Legacy Housing ranks #33 out of 87 companies in the Homebuilding & Construction industry, placing it in the top 37.9%.
Is Legacy Housing's Beneish M-Score too high?
Legacy Housing's current Beneish M-Score is -2.40. Based on the distribution chart, Legacy Housing ranks #33 out of 87 companies in the Homebuilding & Construction industry, which is above the industry midpoint. Overall, Legacy Housing has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Legacy Housing's Beneish M-Score compare to HOV and BZH?
According to the Homebuilding & Construction industry distribution chart, Legacy Housing ranks #33 out of 87 companies for Beneish M-Score. This puts Legacy Housing 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 Homebuilding & Construction company?
A good Beneish M-Score depends on the Homebuilding & Construction 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 Legacy Housing and its competitors. Legacy Housing's current Beneish M-Score is -2.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Legacy Housing stock overvalued right now?
Based on GuruFocus' analysis, Legacy Housing (LEGH) is currently considered Modestly Overvalued. The stock's GF Value™ is $25.33, compared to a current price of $29.34 — trading 15.8% above its estimated fair value. The current Beneish M-Score is -2.40. Legacy Housing's overall GF Score™ is 75/100 with 6 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 Legacy Housing (LEGH), the current Beneish M-Score is -2.40 as of Aug. 15, 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 Legacy Housing (LEGH) Overvalued in 2026?
Based on GuruFocus' analysis, Legacy Housing stock appears to be overvalued.
The current stock price of $29.34 is trading 15.8% above its estimated GF Value™ of $25.33.
GuruFocus considers Legacy Housing to be Modestly Overvalued.
Key valuation signals for LEGH:
Beneish M-Score: -2.40
GF Value™: $25.33 vs. price of $29.34 (15.8% above fair value)
No single metric tells the full story. See the LEGH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Legacy Housing Corp builds, sells, and finances manufactured homes and tiny houses that are distributed through a network of independent retailers and company-owned stores, and are also sold directly to manufactured home communities. The Company manufactures and provides for the transport of manufactured homes, provides wholesale financing to dealers and mobile home parks, provides retail financing to consumers, and is involved in financing and developing new manufactured home communities. The Company manufactures its mobile homes at plants in Fort Worth, Texas; Commerce, Texas; and Eatonton, Georgia. The Company also sells homes directly to consumers, through its own retail stores, and to dealers and mobile home parks.
75GF Score
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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