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MagniteMEX:MGNI 71 Beneish M-Score is -2.55 as of Sep. 02, 2026. GuruFocus rates MEX:MGNI with a GF Score™ of 71/100 and a GF Value™ of MXN229.56 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 974 Media - Diversified companies, Magnite ranks worse than 50.72% 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 -2.55 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Magnite's Beneish M-Score or its related term are showing as below:
MEX:MGNI'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.55 Med: -2.84 Max: -0.32
Current: -2.55
During the past 13 years, the highest Beneish M-Score of Magnite was -0.32. The lowest was -3.55. And the median was -2.84.
The historical data trend for Magnite'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:MGNI vs LFTO, STGW, DV: Beneish M-Score Comparison
For the Advertising Agencies subindustry, Magnite'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.
Magnite Beneish M-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Magnite's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Magnite'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 Magnite 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 * 1.0112
+
0.528 * 0.963
+
0.404 * 1.0457
+
0.892 * 0.9732
+
0.115 * 1.2341
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9574
+
4.679 * -0.037995
-
0.327 * 0.9367
=
-2.62
* 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))
=
(1172.548 / (1172.548 + 2785.479))
/
(982.893 / (982.893 + 3111.767))
=
0.296246
/
0.240043
=
1.2341
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
=
(3001.079 - 31.039
-
4980.704)
/
52919.781
=
-0.037995
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.
Magnite has a M-score of -2.62 suggests that the company is unlikely to be a manipulator.
Magnite (MEX:MGNI) has a Beneish M-Score of -2.55 as of Sep. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Magnite and its competitors. According to the industry distribution chart, Magnite ranks #494 out of 974 companies in the Media - Diversified industry, placing it in the top 50.7%.
Is Magnite's Beneish M-Score too high?
Magnite's current Beneish M-Score is -2.55. Based on the distribution chart, Magnite ranks #494 out of 974 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Magnite has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Magnite's Beneish M-Score compare to LFTO and STGW?
According to the Media - Diversified industry distribution chart, Magnite ranks #494 out of 974 companies for Beneish M-Score. This places Magnite 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 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 Magnite and its competitors. Magnite's current Beneish M-Score is -2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnite stock overvalued right now?
Based on GuruFocus' analysis, Magnite (MEX:MGNI) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN229.56, compared to a current price of MXN360.00 — trading 56.8% above its estimated fair value. The current Beneish M-Score is -2.55. Magnite'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 Magnite (MEX:MGNI), the current Beneish M-Score is -2.55 as of Sep. 02, 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 Magnite (MEX:MGNI) Overvalued in 2026?
Based on GuruFocus' analysis, Magnite stock appears to be overvalued.
The current stock price of MXN360.00 is trading 56.8% above its estimated GF Value™ of MXN229.56.
GuruFocus considers Magnite to be Significantly Overvalued.
Key valuation signals for MEX:MGNI:
Beneish M-Score: -2.55
GF Value™: MXN229.56 vs. price of MXN360.00 (56.8% above fair value)
No single metric tells the full story. See the MEX:MGNI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Magnite is a supply-side advertising platform that provides technology and yield management solutions to content publishers, enabling them to monetize their digital advertising inventory. Magnite receives a percentage of all advertising inventory that it sells. 43% of Magnite's revenue is derived from connected television, or CTV, streaming platforms, 40% from mobile applications, and the remainder from general websites. Beyond the typical monetization responsibilities inherent to an SSP, Magnite also provides upstream advertising servers to CTV publishers, allowing them to have granular control over direct-sold, programmatic guaranteed, and open-auction logic. Magnite competes with other independent SSPs, supply path optimization solutions, and closed ecosystems like Meta.
71GF Score
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