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 -2.78 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for AerCap Holdings NV's Beneish M-Score or its related term are showing as below:
MEX:AERN'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.17 Med: -2.68 Max: -0.08
Current: -2.78
During the past 13 years, the highest Beneish M-Score of AerCap Holdings NV was -0.08. The lowest was -3.17. And the median was -2.68.
AerCap Holdings NV Beneish M-Score Related Terms
AerCap Holdings NV Beneish M-Score Historical Data
* Premium members only.
The historical data trend for AerCap Holdings NV'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.
MEX:AERN vs SUNB, UHAL, R: Beneish M-Score Comparison
For the Rental & Leasing Services subindustry, AerCap Holdings NV'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.
AerCap Holdings NV Beneish M-Score vs Business Services Industry
For the Business Services industry and Industrials sector, AerCap Holdings NV's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where AerCap Holdings NV'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 AerCap Holdings NV 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 * 0.9036
+
0.528 * 0.8516
+
0.404 * 0.8946
+
0.892 * 0.9923
+
0.115 * 0.9297
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0807
+
4.679 * -0.042253
-
0.327 * 0.9497
=
-2.90
* 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))
=
(51719.141 / (51719.141 + 1297093.743))
/
(48084.49 / (48084.49 + 1117765.963))
=
0.038344
/
0.041244
=
0.9297
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
=
(72158.814 - 26085.108
-
100492.856)
/
1287920.915
=
-0.042253
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.
AerCap Holdings NV has a M-score of -2.90 suggests that the company is unlikely to be a manipulator.
AerCap Holdings NV (MEX:AERN) has a Beneish M-Score of -2.78 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on AerCap Holdings NV and its competitors. According to the industry distribution chart, AerCap Holdings NV ranks #327 out of 1020 companies in the Business Services industry, placing it in the top 32.1%.
Is AerCap Holdings NV's Beneish M-Score too high?
AerCap Holdings NV's current Beneish M-Score is -2.78. Based on the distribution chart, AerCap Holdings NV ranks #327 out of 1020 companies in the Business Services industry, which is above the industry midpoint. Overall, AerCap Holdings NV has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AerCap Holdings NV's Beneish M-Score compare to SUNB and UHAL?
According to the Business Services industry distribution chart, AerCap Holdings NV ranks #327 out of 1020 companies for Beneish M-Score. This puts AerCap Holdings NV 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 Business Services company?
A good Beneish M-Score depends on the Business Services 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 AerCap Holdings NV and its competitors. AerCap Holdings NV's current Beneish M-Score is -2.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AerCap Holdings NV stock overvalued right now?
Based on GuruFocus' analysis, AerCap Holdings NV (MEX:AERN) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN2,043.21, compared to a current price of MXN2,381.82 — trading 16.6% above its estimated fair value. The current Beneish M-Score is -2.78. AerCap Holdings NV's overall GF Score™ is 62/100 with 7 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 AerCap Holdings NV (MEX:AERN), the current Beneish M-Score is -2.78 as of Jun. 26, 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 AerCap Holdings NV (MEX:AERN) Overvalued in 2026?
Based on GuruFocus' analysis, AerCap Holdings NV stock appears to be overvalued.
The current stock price of MXN2,381.82 is trading 16.6% above its estimated GF Value™ of MXN2,043.21.
GuruFocus considers AerCap Holdings NV to be Modestly Overvalued.
Key valuation signals for MEX:AERN:
Beneish M-Score: -2.78
GF Value™: MXN2,043.21 vs. price of MXN2,381.82 (16.6% above fair value)
No single metric tells the full story. See the MEX:AERN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AerCap Holdings NV is an aircraft leasing company. Its activities include leasing, financing, sales, and management of commercial aircraft and engines. It also provides aircraft asset management and corporate services to securitization vehicles, joint ventures, and other third parties. It has one business segment: leasing, financing, sales, and management of commercial flight equipment (Commercial Flight Equipment Segment). Through its subsidiary, the group also provides engine leasing, certified aircraft engines, airframes, and engine parts. Its geographical segments include China, the United States, and Other countries.
62GF Score
Get the complete analysis for MEX:AERN
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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