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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 -3.2 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Medalist Diversified's Beneish M-Score or its related term are showing as below:
MDRR'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.2 Med: -2.64 Max: -1.69
Current: -3.2
During the past 10 years, the highest Beneish M-Score of Medalist Diversified was -1.69. The lowest was -3.20. And the median was -2.64.
Medalist Diversified Beneish M-Score Related Terms
Medalist Diversified Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Medalist Diversified'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.
MDRR vs OPAD, LHAI, ABCP: Beneish M-Score Comparison
For the Real Estate Services subindustry, Medalist Diversified'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.
Medalist Diversified Beneish M-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Medalist Diversified's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Medalist Diversified'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 Medalist Diversified 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 * 0.6196
+
0.528 * 1.0497
+
0.404 * 0.4435
+
0.892 * 1.079
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0669
+
4.679 * -0.075968
-
0.327 * 0.6299
=
-3.20
* 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))
=
(3.625 / (3.625 + 0))
/
(2.761 / (2.761 + 0))
=
1
/
1
=
1
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
=
(7.648 - 12.321
-
0.563)
/
68.924
=
-0.075968
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.
Medalist Diversified has a M-score of -3.20 suggests that the company is unlikely to be a manipulator.
Medalist Diversified (MDRR) has a Beneish M-Score of -3.20 as of Aug. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Medalist Diversified and its competitors. According to the industry distribution chart, Medalist Diversified ranks #191 out of 1677 companies in the Real Estate industry, placing it in the top 11.4%.
Is Medalist Diversified's Beneish M-Score too high?
Medalist Diversified's current Beneish M-Score is -3.20. Based on the distribution chart, Medalist Diversified ranks #191 out of 1677 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Medalist Diversified has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Medalist Diversified's Beneish M-Score compare to OPAD and LHAI?
According to the Real Estate industry distribution chart, Medalist Diversified ranks #191 out of 1677 companies for Beneish M-Score. This places Medalist Diversified in the top 11% 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Medalist Diversified and its competitors. Medalist Diversified's current Beneish M-Score is -3.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medalist Diversified stock overvalued right now?
Based on GuruFocus' analysis, Medalist Diversified (MDRR) is currently considered Modestly Overvalued. The stock's GF Value™ is $9.79, compared to a current price of $11.46 — trading 17% above its estimated fair value. The current Beneish M-Score is -3.20. Medalist Diversified's overall GF Score™ is 47/100 with 3 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 Medalist Diversified (MDRR), the current Beneish M-Score is -3.20 as of Aug. 14, 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 Medalist Diversified (MDRR) Overvalued in 2026?
Based on GuruFocus' analysis, Medalist Diversified stock appears to be overvalued.
The current stock price of $11.46 is trading 17% above its estimated GF Value™ of $9.79.
GuruFocus considers Medalist Diversified to be Modestly Overvalued.
Key valuation signals for MDRR:
Beneish M-Score: -3.20
GF Value™: $9.79 vs. price of $11.46 (17% above fair value)
No single metric tells the full story. See the MDRR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Medalist Diversified Inc owns ten investment properties comprised of three retail properties, three flex/industrial properties, and four STNL properties, including the Tesla Pensacola Property. Through its subsidiary, the company sponsors Delaware Statutory Trusts (DSTs) that provide accredited investors access to institutional-quality real estate with the transparency and governance of a public company. The company has three reportable segments, consisting of retail center properties, flex center properties, and STNL properties. The company generates the majority of its revenue from the Retail Center Property.
47GF Score
Get the complete analysis for MDRR
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