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 -2.82 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Manchester United's Beneish M-Score or its related term are showing as below:
MANU'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.82 Med: -2.95 Max: -0.79
Current: -2.82
During the past 13 years, the highest Beneish M-Score of Manchester United was -0.79. The lowest was -3.82. And the median was -2.95.
Manchester United Beneish M-Score Related Terms
Manchester United Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Manchester United'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.
MANU vs MSGE, CNK, BATRA: Beneish M-Score Comparison
For the Entertainment subindustry, Manchester United'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.
Manchester United Beneish M-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Manchester United's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Manchester United'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 Manchester United 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 * 1.0068
+
0.528 * 1
+
0.404 * 0.9855
+
0.892 * 1.1098
+
0.115 * 0.9751
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.5393
+
4.679 * -0.108723
-
0.327 * 1.0203
=
-2.82
* 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))
=
(273.196 / (273.196 + 371.32))
/
(306.913 / (306.913 + 399.109))
=
0.423878
/
0.434707
=
0.9751
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
=
(-24.364 - 50.674
-
155.522)
/
2120.611
=
-0.108723
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.
Manchester United has a M-score of -2.82 suggests that the company is unlikely to be a manipulator.
Manchester United (MANU) has a Beneish M-Score of -2.82 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Manchester United and its competitors. According to the industry distribution chart, Manchester United ranks #325 out of 989 companies in the Media - Diversified industry, placing it in the top 32.9%.
Is Manchester United's Beneish M-Score too high?
Manchester United's current Beneish M-Score is -2.82. Based on the distribution chart, Manchester United ranks #325 out of 989 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Manchester United has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manchester United's Beneish M-Score compare to MSGE and CNK?
According to the Media - Diversified industry distribution chart, Manchester United ranks #325 out of 989 companies for Beneish M-Score. This puts Manchester United 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Manchester United and its competitors. Manchester United's current Beneish M-Score is -2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manchester United stock overvalued right now?
Based on GuruFocus' analysis, Manchester United (MANU) is currently considered Modestly Overvalued. The stock's GF Value™ is $17.45, compared to a current price of $21.89 — trading 25.4% above its estimated fair value. The current Beneish M-Score is -2.82. Manchester United's overall GF Score™ is 73/100 with 10 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 Manchester United (MANU), the current Beneish M-Score is -2.82 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 Manchester United (MANU) Overvalued in 2026?
Based on GuruFocus' analysis, Manchester United stock appears to be overvalued.
The current stock price of $21.89 is trading 25.4% above its estimated GF Value™ of $17.45.
GuruFocus considers Manchester United to be Modestly Overvalued.
Key valuation signals for MANU:
Beneish M-Score: -2.82
GF Value™: $17.45 vs. price of $21.89 (25.4% above fair value)
No single metric tells the full story. See the MANU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manchester United PLC operates as a professional football club with related activities, generating revenue prominently through commercial, broadcasting, and matchday segments. The commercial segment monetizes the various brands via sponsorships, retail, merchandising, apparel, and product licensing. Broadcasting revenue comes from television rights linked to football leagues and competitions, alongside content delivered through its dedicated TV channel all over the globe. Matchday income includes ticket sales, hospitality, merchandise, and services at its stadium. Manchester United is based in England. The company's operations and fan base extends to many countries, supporting a diversified revenue model based on brand engagement and football-related content.
73GF Score
Get the complete analysis for MANU
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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