EverQuote (MEX:EVER) Beneish M-Score: -1.59 (As of Sep. 09, 2026)

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MEX:EVER EverQuote Inc MEX:EVER
71 GF Score
Price MXN451.00
GF Value MXN591.69
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is EverQuote Beneish M-Score?

EverQuote MEX:EVER 71 Beneish M-Score is -1.59 as of Sep. 09, 2026. GuruFocus rates MEX:EVER with a GF Score™ of 71/100 and a GF Value™ of MXN591.69 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 532 Interactive Media companies, EverQuote ranks worse than 86.28% 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.

Warning Sign:

Beneish M-Score -1.59 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for EverQuote's Beneish M-Score or its related term are showing as below:

MEX:EVER' s Beneish M-Score Range Over the Past 10 Years
Min: -4.02   Med: -2.72   Max: 3.72
Current: -1.59

During the past 10 years, the highest Beneish M-Score of EverQuote was 3.72. The lowest was -4.02. And the median was -2.72.


EverQuote Beneish M-Score Historical Data

* Premium members only.

The historical data trend for EverQuote'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.

EverQuote Beneish M-Score Chart

EverQuote Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.72 -2.76 -4.02 -2.48 -1.86

EverQuote Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.95 -2.76 -1.86 -1.91 -1.59

MEX:EVER vs NXDR, MOMO, GRPN: Beneish M-Score Comparison

For the Internet Content & Information subindustry, EverQuote'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.


EverQuote Beneish M-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, EverQuote's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where EverQuote's Beneish M-Score falls into.


MEX:EVER
71GF Score
EverQuote Inc MEX:EVER
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

EverQuote 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 EverQuote 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 * 1.1614+0.528 * 0.989+0.404 * 1.699+0.892 * 1.1038+0.115 * 1.4726
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9924+4.679 * 0.042292-0.327 * 0.8354
=-1.65

* 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.

This Year (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was MXN1,327 Mil.
Revenue was 3404.056 + 3441.577 + 3516.873 + 3190.79 = MXN13,553 Mil.
Gross Profit was 3327.995 + 3364.667 + 3436.91 + 3104.352 = MXN13,234 Mil.
Total Current Assets was MXN4,845 Mil.
Total Assets was MXN5,950 Mil.
Property, Plant and Equipment(Net PPE) was MXN191 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN61 Mil.
Selling, General, & Admin. Expense(SGA) was MXN11,131 Mil.
Total Current Liabilities was MXN1,455 Mil.
Long-Term Debt & Capital Lease Obligation was MXN10 Mil.
Net Income was 334.777 + 336.725 + 1039.919 + 346.063 = MXN2,057 Mil.
Non Operating Income was -0.436 + -0.234 + -0.396 + -0.22 = MXN-1 Mil.
Cash Flow from Operations was 424.429 + 533.732 + 486.334 + 362.628 = MXN1,807 Mil.
Total Receivables was MXN1,035 Mil.
Revenue was 2949.199 + 3408.991 + 3075.277 + 2845.839 = MXN12,279 Mil.
Gross Profit was 2858.028 + 3298.926 + 2962.239 + 2738.527 = MXN11,858 Mil.
Total Current Assets was MXN3,944 Mil.
Total Assets was MXN4,546 Mil.
Property, Plant and Equipment(Net PPE) was MXN191 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN107 Mil.
Selling, General, & Admin. Expense(SGA) was MXN10,162 Mil.
Total Current Liabilities was MXN1,303 Mil.
Long-Term Debt & Capital Lease Obligation was MXN37 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)
=(1326.543 / 13553.296) / (1034.853 / 12279.306)
=0.097876 / 0.084276
=1.1614

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)
=(11857.72 / 12279.306) / (13233.924 / 13553.296)
=0.965667 / 0.976436
=0.989

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 - (4845.448 + 191.032) / 5950.214) / (1 - (3944.209 + 190.646) / 4545.727)
=0.153563 / 0.090386
=1.699

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
=13553.296 / 12279.306
=1.1038

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))
=(106.554 / (106.554 + 190.646)) / (61.479 / (61.479 + 191.032))
=0.358526 / 0.243471
=1.4726

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)
=(11130.762 / 13553.296) / (10162.092 / 12279.306)
=0.821259 / 0.827579
=0.9924

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)
=((9.859 + 1455.107) / 5950.214) / ((36.905 + 1302.83) / 4545.727)
=0.246204 / 0.294724
=0.8354

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
=(2057.484 - -1.286 - 1807.123) / 5950.214
=0.042292

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.

EverQuote has a M-score of -1.65 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.59 mean?
EverQuote (MEX:EVER) has a Beneish M-Score of -1.59 as of Sep. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on EverQuote and its competitors. According to the industry distribution chart, EverQuote ranks #459 out of 532 companies in the Interactive Media industry, placing it in the top 86.3%.
Is EverQuote's Beneish M-Score too high?
EverQuote's current Beneish M-Score is -1.59. Based on the distribution chart, EverQuote ranks #459 out of 532 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, EverQuote has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does EverQuote's Beneish M-Score compare to NXDR and MOMO?
According to the Interactive Media industry distribution chart, EverQuote ranks #459 out of 532 companies for Beneish M-Score. This places EverQuote in the lower 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 an Interactive Media company?
A good Beneish M-Score depends on the Interactive Media 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 EverQuote and its competitors. EverQuote's current Beneish M-Score is -1.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EverQuote stock overvalued right now?
Based on GuruFocus' analysis, EverQuote (MEX:EVER) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN591.69, compared to a current price of MXN451.00 — trading 23.8% below its estimated fair value. The current Beneish M-Score is -1.59. EverQuote's overall GF Score™ is 71/100 with 5 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 EverQuote (MEX:EVER), the current Beneish M-Score is -1.59 as of Sep. 09, 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 EverQuote (MEX:EVER) Overvalued in 2026?

Based on GuruFocus' analysis, EverQuote stock appears to be undervalued. The current stock price of MXN451.00 is trading 23.8% below its estimated GF Value™ of MXN591.69. GuruFocus considers EverQuote to be Modestly Undervalued.

Key valuation signals for MEX:EVER:

  • Beneish M-Score: -1.59
  • GF Value™: MXN591.69 vs. price of MXN451.00 (23.8% below fair value)
  • GF Score™: 71/100 with 5 warning signs

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


EverQuote Business Description

Other Exchanges EVER:USA
Address 141 Portland Street, Cambridge, MA, USA, 02139
EverQuote Inc operates an online marketplace for insurance shopping, connecting consumers with insurance providers, including carriers and agents. Its marketplace is powered by proprietary data and technology platform that delivers high-intent, pre-validated consumer referrals aligned with insurers underwriting and profitability requirements. The platform provides transparency and campaign management tools, enabling providers to evaluate marketing spend performance and manage return on investment. Consumers can visit insurance provider websites, engage by phone, or submit data to receive quotes. Services are free for consumers, and the company derives revenue principally from consumer inquiries sold as referrals to insurance providers. It derives a majority of revenue from Direct channels.
71GF Score

Get the complete analysis for MEX:EVER

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

MXN451.00
Price
MXN591.69
GF Value