C.H. Robinson Worldwide (LTS:0HQW) Beneish M-Score: -2.74 (As of Jun. 30, 2026)

What is C.H. Robinson Worldwide Beneish M-Score?

C.H. Robinson Worldwide LTS:0HQW +1.52% 67 Beneish M-Score is -2.74 as of Jun. 30, 2026. GuruFocus rates LTS:0HQW with a GF Score™ of 67/100 and a GF Value™ of $90.89 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 960 Transportation companies, C.H. Robinson Worldwide ranks better than 64.48% 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 -2.74 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for C.H. Robinson Worldwide's Beneish M-Score or its related term are showing as below:

LTS:0HQW' s Beneish M-Score Range Over the Past 10 Years
Min: -3.99 Med: -2.54 Max: -1.52
Current: -2.74

During the past 13 years, the highest Beneish M-Score of C.H. Robinson Worldwide was -1.52. The lowest was -3.99. And the median was -2.54.

C.H. Robinson Worldwide Beneish M-Score Related Terms

C.H. Robinson Worldwide Beneish M-Score Historical Data

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The historical data trend for C.H. Robinson Worldwide'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.

C.H. Robinson Worldwide Beneish M-Score Chart

C.H. Robinson Worldwide Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-1.52

-3.24

-2.92

-2.56

-2.83

C.H. Robinson Worldwide Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															-2.71	-2.76	-2.81	-2.83	-2.74

LTS:0HQW vs EXPD, FDXF, ZTO: Beneish M-Score Comparison

For the Integrated Freight & Logistics subindustry, C.H. Robinson Worldwide'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.

C.H. Robinson Worldwide Beneish M-Score vs Transportation Industry

For the Transportation industry and Industrials sector, C.H. Robinson Worldwide's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where C.H. Robinson Worldwide's Beneish M-Score falls into.

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67GF Score

C.H. Robinson Worldwide Inc LTS:0HQW

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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C.H. Robinson Worldwide 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 C.H. Robinson Worldwide for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.0891

0.528 * 0.9416

0.404 * 0.9842

0.892 * 0.9332

0.115 * 0.8876

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9248

4.679 * -0.053019

0.327 * 1.0025

-2.74

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was $2,724 Mil.
Revenue was 4012.934 + 3912.634 + 4136.846 + 4136.543 = $16,199 Mil.
Gross Profit was 307.77 + 320.033 + 356.775 + 357.909 = $1,342 Mil.
Total Current Assets was $3,007 Mil.
Total Assets was $5,235 Mil.
Property, Plant and Equipment(Net PPE) was $386 Mil.
Depreciation, Depletion and Amortization(DDA) was $102 Mil.
Selling, General, & Admin. Expense(SGA) was $549 Mil.
Total Current Liabilities was $1,896 Mil.
Long-Term Debt & Capital Lease Obligation was $1,573 Mil.
Net Income was 147.233 + 136.321 + 162.987 + 152.471 = $599 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0 Mil.
Cash Flow from Operations was 68.599 + 305.414 + 275.446 + 227.128 = $877 Mil.

Total Receivables was $2,680 Mil.
Revenue was 4046.74 + 4184.656 + 4644.641 + 4483.348 = $17,359 Mil.
Gross Profit was 324.535 + 330.242 + 373.694 + 326.187 = $1,355 Mil.
Total Current Assets was $2,924 Mil.
Total Assets was $5,226 Mil.
Property, Plant and Equipment(Net PPE) was $434 Mil.
Depreciation, Depletion and Amortization(DDA) was $99 Mil.
Selling, General, & Admin. Expense(SGA) was $636 Mil.
Total Current Liabilities was $2,263 Mil.
Long-Term Debt & Capital Lease Obligation was $1,191 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)
	=	(2724.034 / 16198.957)	/	(2680.33 / 17359.385)
	=	0.168161	/	0.154402
	=	1.0891

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)
	=	(1354.658 / 17359.385)	/	(1342.487 / 16198.957)
	=	0.078036	/	0.082875
	=	0.9416

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 - (3007.417 + 385.887) / 5235.419)	/	(1 - (2923.725 + 434.076) / 5226.114)
	=	0.351856	/	0.357496
	=	0.9842

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
	=	16198.957	/	17359.385
	=	0.9332

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))
	=	(98.924 / (98.924 + 434.076))	/	(102.028 / (102.028 + 385.887))
	=	0.185598	/	0.20911
	=	0.8876

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)
	=	(548.693 / 16198.957)	/	(635.797 / 17359.385)
	=	0.033872	/	0.036626
	=	0.9248

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)
	=	((1572.824 + 1896.488) / 5235.419)	/	((1191.001 + 2263.365) / 5226.114)
	=	0.662662	/	0.660982
	=	1.0025

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
	=	(599.012 - 0	-	876.587)	/	5235.419
	=	-0.053019

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.

C.H. Robinson Worldwide has a M-score of -2.74 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 -2.74 mean?

C.H. Robinson Worldwide (LTS:0HQW) has a Beneish M-Score of -2.74 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on C.H. Robinson Worldwide and its competitors. According to the industry distribution chart, C.H. Robinson Worldwide ranks #341 out of 960 companies in the Transportation industry, placing it in the top 35.5%.

Is C.H. Robinson Worldwide's Beneish M-Score too high?

C.H. Robinson Worldwide's current Beneish M-Score is -2.74. Based on the distribution chart, C.H. Robinson Worldwide ranks #341 out of 960 companies in the Transportation industry, which is above the industry midpoint. Overall, C.H. Robinson Worldwide has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does C.H. Robinson Worldwide's Beneish M-Score compare to EXPD and FDXF?

According to the Transportation industry distribution chart, C.H. Robinson Worldwide ranks #341 out of 960 companies for Beneish M-Score. This puts C.H. Robinson Worldwide 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 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 C.H. Robinson Worldwide and its competitors. C.H. Robinson Worldwide's current Beneish M-Score is -2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is C.H. Robinson Worldwide stock overvalued right now?

Based on GuruFocus' analysis, C.H. Robinson Worldwide (LTS:0HQW) is currently considered Significantly Overvalued. The stock's GF Value™ is $90.89, compared to a current price of $183.08 — trading 101.4% above its estimated fair value. The current Beneish M-Score is -2.74. C.H. Robinson Worldwide's overall GF Score™ is 67/100 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 C.H. Robinson Worldwide (LTS:0HQW), the current Beneish M-Score is -2.74 as of Jun. 30, 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 C.H. Robinson Worldwide (LTS:0HQW) Overvalued in 2026?

Based on GuruFocus' analysis, C.H. Robinson Worldwide stock appears to be overvalued. The current stock price of $183.08 is trading 101.4% above its estimated GF Value™ of $90.89. GuruFocus considers C.H. Robinson Worldwide to be Significantly Overvalued.

Key valuation signals for LTS:0HQW:

Beneish M-Score: -2.74
GF Value™: $90.89 vs. price of $183.08 (101.4% above fair value)
GF Score™: 67/100 with 6 warning signs

No single metric tells the full story. See the LTS:0HQW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

C.H. Robinson Worldwide Business Description

Industry Industrials Transportation

Comparable Companies EXPD FDXF ZTO JBHT LSTR GXO HUBG PBI CYRX FWRD UPS FDX XTER:DHL OCSE:DSV XSWX:KNIN SZSE:002352 HKSE:01519 HKSE:02618 XAMS:INPST XKRX:086280

Other Exchanges CHRW:USA CHRW:Mexico CH1A:Germany C1HR34:Brazil

Address 14701 Charlson Road, Suite 900, Eden Prairie, MN, USA, 55347

Website https://www.chrobinson.com

C.H. Robinson is a top-tier non-asset-based third-party logistics provider with a significant focus on domestic freight brokerage (about 64% of net revenue), which reflects mostly truck brokerage but also rail intermodal. Additionally, the firm operates a large air and ocean forwarding division (26%), which has grown organically and via tuck-in acquisitions over the years. The remainder of revenue consists of transportation management services and a legacy produce-sourcing operation.

67GF Score

Get the complete analysis for LTS:0HQW

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

$183.08

Price

$90.89

GF Value

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