VeriSign (MEX:VRSN) Beneish M-Score: -3.29 (As of Jun. 26, 2026)


MEX:VRSN VeriSign Inc MEX:VRSN
92 GF Score
Price MXN4,420.66
GF Value MXN4,686.76
! 3 Warning Signs
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What is VeriSign Beneish M-Score?

VeriSign MEX:VRSN 92 Beneish M-Score is -3.29 as of Jun. 26, 2026. GuruFocus rates MEX:VRSN with a GF Score™ of 92/100 and a GF Value™ of MXN4,686.76. The stock has 3 warning signs investors should review. Among 2,634 Software companies, VeriSign ranks better than 84.36% 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 -3.29 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:VRSN' s Beneish M-Score Range Over the Past 10 Years
Min: -3.84   Med: -2.64   Max: -0.32
Current: -3.29

During the past 13 years, the highest Beneish M-Score of VeriSign was -0.32. The lowest was -3.84. And the median was -2.64.


VeriSign Beneish M-Score Historical Data

* Premium members only.

The historical data trend for VeriSign'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.

VeriSign Beneish M-Score Chart

VeriSign 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 -1.83 -3.22 -1.94 -3.24 -2.67

VeriSign Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -3.81 -2.27 -3.48 -2.67 -3.29

MEX:VRSN vs MDB, CPAY, TWLO: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, VeriSign'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.


VeriSign Beneish M-Score vs Software Industry

For the Software industry and Technology sector, VeriSign's Beneish M-Score distribution charts can be found below:

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


MEX:VRSN
92GF Score
VeriSign Inc MEX:VRSN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VeriSign 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 VeriSign 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+0.528 * 0.9942+0.404 * 0.975+0.892 * 0.9852+0.115 * 1.1788
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0343+4.679 * -0.177667-0.327 * 1.1418
=-3.37

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was MXN215 Mil.
Revenue was 7734.225 + 7657.824 + 7688.054 + 7718.089 = MXN30,798 Mil.
Gross Profit was 6847.016 + 6775.545 + 6792.857 + 6793.575 = MXN27,209 Mil.
Total Current Assets was MXN11,288 Mil.
Total Assets was MXN23,392 Mil.
Property, Plant and Equipment(Net PPE) was MXN4,036 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN526 Mil.
Selling, General, & Admin. Expense(SGA) was MXN4,363 Mil.
Total Current Liabilities was MXN24,436 Mil.
Long-Term Debt & Capital Lease Obligation was MXN32,257 Mil.
Net Income was 3868.014 + 3712.775 + 3903.646 + 3905.176 = MXN15,390 Mil.
Non Operating Income was -9.016 + -12.604 + -7.338 + -9.415 = MXN-38 Mil.
Cash Flow from Operations was 4912.107 + 5214.451 + 5644.51 + 3812.913 = MXN19,584 Mil.
Total Receivables was MXN0 Mil.
Revenue was 8230.334 + 8246.344 + 7691.031 + 7091.712 = MXN31,259 Mil.
Gross Profit was 7219.699 + 7236.928 + 6769.525 + 6228.835 = MXN27,455 Mil.
Total Current Assets was MXN14,609 Mil.
Total Assets was MXN29,617 Mil.
Property, Plant and Equipment(Net PPE) was MXN4,531 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN713 Mil.
Selling, General, & Admin. Expense(SGA) was MXN4,282 Mil.
Total Current Liabilities was MXN26,322 Mil.
Long-Term Debt & Capital Lease Obligation was MXN36,544 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)
=(214.589 / 30798.192) / (0 / 31259.421)
=0.006968 / 0
=1

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)
=(27454.987 / 31259.421) / (27208.993 / 30798.192)
=0.878295 / 0.883461
=0.9942

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 - (11288.47 + 4035.718) / 23392.018) / (1 - (14609.201 + 4531.491) / 29617.336)
=0.344897 / 0.353734
=0.975

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
=30798.192 / 31259.421
=0.9852

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))
=(713.198 / (713.198 + 4531.491)) / (526.242 / (526.242 + 4035.718))
=0.135985 / 0.115354
=1.1788

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)
=(4363.054 / 30798.192) / (4281.526 / 31259.421)
=0.141666 / 0.136968
=1.0343

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)
=((32256.894 + 24436.112) / 23392.018) / ((36544.483 + 26321.52) / 29617.336)
=2.423605 / 2.122608
=1.1418

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
=(15389.611 - -38.373 - 19583.981) / 23392.018
=-0.177667

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.

VeriSign has a M-score of -3.37 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 -3.29 mean?
VeriSign (MEX:VRSN) has a Beneish M-Score of -3.29 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on VeriSign and its competitors. According to the industry distribution chart, VeriSign ranks #412 out of 2634 companies in the Software industry, placing it in the top 15.6%.
Is VeriSign's Beneish M-Score too high?
VeriSign's current Beneish M-Score is -3.29. Based on the distribution chart, VeriSign ranks #412 out of 2634 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, VeriSign has a GF Score™ of 92/100, reflecting its overall financial health beyond just this single metric.
How does VeriSign's Beneish M-Score compare to MDB and CPAY?
According to the Software industry distribution chart, VeriSign ranks #412 out of 2634 companies for Beneish M-Score. This places VeriSign in the top 16% 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 Software company?
A good Beneish M-Score depends on the Software 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 VeriSign and its competitors. VeriSign's current Beneish M-Score is -3.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VeriSign stock overvalued right now?
VeriSign (MEX:VRSN) has a current Beneish M-Score of -3.29. The stock's GF Value™ is MXN4,686.76, compared to a current price of MXN4,420.66 — trading 5.7% below its estimated fair value. The current Beneish M-Score is -3.29. VeriSign's overall GF Score™ is 92/100 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 VeriSign (MEX:VRSN), the current Beneish M-Score is -3.29 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 VeriSign (MEX:VRSN) Overvalued in 2026?

Based on GuruFocus' analysis, VeriSign stock appears to be undervalued. The current stock price of MXN4,420.66 is trading 5.7% below its estimated GF Value™ of MXN4,686.76.

Key valuation signals for MEX:VRSN:

  • Beneish M-Score: -3.29
  • GF Value™: MXN4,686.76 vs. price of MXN4,420.66 (5.7% below fair value)
  • GF Score™: 92/100 with 3 warning signs

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


VeriSign Business Description

Address 12061 Bluemont Way, Reston, VA, USA, 20190
Verisign is an operator of critical infrastructure within the domain name system, or DNS. As the registry for some of the world's most popular TLDs, .com and .net, Verisign directs DNS resolvers to the appropriate registry where IP addresses are stored. Verisign's control over its TLDs is regulated by ICANN and the NTIA and are subject to contract renewal every six years. The company generates revenue through annual subscriptions allowing customers to use .com and .net as their TLD of choice for their respective websites.
92GF Score

Get the complete analysis for MEX:VRSN

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

MXN4,420.66
Price
MXN4,686.76
GF Value