Stride (MEX:LRN) Beneish M-Score: -2.43 (As of Aug. 08, 2026)

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MEX:LRN Stride Inc MEX:LRN
82 GF Score
Price MXN1,400.00
GF Value MXN1,518.26
Valuation Modestly Undervalued
View Full Analysis

What is Stride Beneish M-Score?

Stride MEX:LRN 82 Beneish M-Score is -2.43 as of Aug. 08, 2026. GuruFocus rates MEX:LRN with a GF Score™ of 82/100 and a GF Value™ of MXN1,518.26 (Modestly Undervalued). Among 240 Education companies, Stride ranks worse than 65.42% 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 -2.43 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:LRN' s Beneish M-Score Range Over the Past 10 Years
Min: -3.05   Med: -2.67   Max: -2.36
Current: -2.43

During the past 13 years, the highest Beneish M-Score of Stride was -2.36. The lowest was -3.05. And the median was -2.67.


Stride Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Stride'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.

Stride Beneish M-Score Chart

Stride Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.70 -2.63 -2.72 -2.61 -2.43

Stride 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 -2.61 -2.41 -1.83 -2.38 -2.43

MEX:LRN vs LOPE, CVSA, LAUR: Beneish M-Score Comparison

For the Education & Training Services subindustry, Stride'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.


Stride Beneish M-Score vs Education Industry

For the Education industry and Consumer Defensive sector, Stride's Beneish M-Score distribution charts can be found below:

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


MEX:LRN
82GF Score
Stride Inc MEX:LRN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Stride 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 Stride 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 * 1.1675+0.528 * 1.0404+0.404 * 0.998+0.892 * 0.9428+0.115 * 1.0831
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9139+4.679 * -0.03644-0.327 * 0.9097
=-2.47

* 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 MXN11,600 Mil.
Revenue was 11098.681 + 11358.311 + 11366.296 + 11389.62 = MXN45,213 Mil.
Gross Profit was 3791.354 + 4175.742 + 4674.838 + 4441.553 = MXN17,083 Mil.
Total Current Assets was MXN29,945 Mil.
Total Assets was MXN42,498 Mil.
Property, Plant and Equipment(Net PPE) was MXN1,781 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN2,271 Mil.
Selling, General, & Admin. Expense(SGA) was MXN8,999 Mil.
Total Current Liabilities was MXN5,040 Mil.
Long-Term Debt & Capital Lease Obligation was MXN8,424 Mil.
Net Income was 1420.139 + 1596.381 + 1791.153 + 1262.081 = MXN6,070 Mil.
Non Operating Income was 23.766 + -96.259 + -193.813 + 310.274 = MXN44 Mil.
Cash Flow from Operations was 5528.733 + 3983.55 + 1653.571 + -3591.427 = MXN7,574 Mil.
Total Receivables was MXN10,538 Mil.
Revenue was 12307.65 + 12548.569 + 12246.696 + 10851.009 = MXN47,954 Mil.
Gross Profit was 4498.654 + 5100.025 + 5002.406 + 4250.21 = MXN18,851 Mil.
Total Current Assets was MXN30,743 Mil.
Total Assets was MXN43,193 Mil.
Property, Plant and Equipment(Net PPE) was MXN1,480 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN2,286 Mil.
Selling, General, & Admin. Expense(SGA) was MXN10,444 Mil.
Total Current Liabilities was MXN5,703 Mil.
Long-Term Debt & Capital Lease Obligation was MXN9,340 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)
=(11599.886 / 45212.908) / (10537.686 / 47953.924)
=0.256561 / 0.219746
=1.1675

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)
=(18851.295 / 47953.924) / (17083.487 / 45212.908)
=0.393113 / 0.377845
=1.0404

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 - (29944.63 + 1780.531) / 42497.947) / (1 - (30743.075 + 1479.636) / 43193.413)
=0.25349 / 0.25399
=0.998

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
=45212.908 / 47953.924
=0.9428

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))
=(2286.013 / (2286.013 + 1479.636)) / (2270.808 / (2270.808 + 1780.531))
=0.60707 / 0.560508
=1.0831

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)
=(8999.203 / 45212.908) / (10443.738 / 47953.924)
=0.199041 / 0.217787
=0.9139

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)
=((8423.784 + 5040.161) / 42497.947) / ((9340.281 + 5702.969) / 43193.413)
=0.316814 / 0.348276
=0.9097

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
=(6069.754 - 43.968 - 7574.427) / 42497.947
=-0.03644

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.

Stride has a M-score of -2.47 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 -2.43 mean?
Stride (MEX:LRN) has a Beneish M-Score of -2.43 as of Aug. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Stride and its competitors. According to the industry distribution chart, Stride ranks #157 out of 240 companies in the Education industry, placing it in the top 65.4%.
Is Stride's Beneish M-Score too high?
Stride's current Beneish M-Score is -2.43. Based on the distribution chart, Stride ranks #157 out of 240 companies in the Education industry, which is below the industry midpoint. Overall, Stride has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Stride's Beneish M-Score compare to LOPE and CVSA?
According to the Education industry distribution chart, Stride ranks #157 out of 240 companies for Beneish M-Score. This places Stride 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 Education company?
A good Beneish M-Score depends on the Education 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 Stride and its competitors. Stride's current Beneish M-Score is -2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stride stock overvalued right now?
Based on GuruFocus' analysis, Stride (MEX:LRN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN1,518.26, compared to a current price of MXN1,400.00 — trading 7.8% below its estimated fair value. The current Beneish M-Score is -2.43. Stride's overall GF Score™ is 82/100. 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 Stride (MEX:LRN), the current Beneish M-Score is -2.43 as of Aug. 08, 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 Stride (MEX:LRN) Overvalued in 2026?

Based on GuruFocus' analysis, Stride stock appears to be undervalued. The current stock price of MXN1,400.00 is trading 7.8% below its estimated GF Value™ of MXN1,518.26. GuruFocus considers Stride to be Modestly Undervalued.

Key valuation signals for MEX:LRN:

  • Beneish M-Score: -2.43
  • GF Value™: MXN1,518.26 vs. price of MXN1,400.00 (7.8% below fair value)
  • GF Score™: 82/100

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


Stride Business Description

Address 11720 Plaza America, 9th Floor, Reston, VA, USA, 20190
Stride Inc is an American online educational company. It offers alternative programs to traditional on-campus schooling. It also operates state-funded virtual charter schools around the United States. The educational programs for K-12 students are usually monitored by parents and provide virtual classroom environments where teachers meet with students online, by phone, or in-person. The company's contractual agreements with various school districts to offer its curriculum programs provide a majority of the company's revenue. The company lines of business are Managed Public School Programs, Institutional and Private Pay Schools and Other.
82GF Score

Get the complete analysis for MEX:LRN

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

MXN1,400.00
Price
MXN1,518.26
GF Value