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T. Rowe Price GroupMIC:TROW-RM 80 Beneish M-Score is -2.53 as of Jul. 19, 2026. GuruFocus rates MIC:TROW-RM with a GF Score™ of 80/100. The stock has 9 warning signs investors should review. Among 952 Asset Management companies, T. Rowe Price Group ranks better than 63.76% 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 -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for T. Rowe Price Group's Beneish M-Score or its related term are showing as below:
MIC:TROW-RM'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.97 Med: -2.36 Max: -1.74
Current: -2.53
During the past 13 years, the highest Beneish M-Score of T. Rowe Price Group was -1.74. The lowest was -2.97. And the median was -2.36.
T. Rowe Price Group Beneish M-Score Related Terms
T. Rowe Price Group Beneish M-Score Historical Data
* Premium members only.
The historical data trend for T. Rowe Price Group'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.
MIC:TROW-RM vs PFG, ARES, RJF: Beneish M-Score Comparison
For the Asset Management subindustry, T. Rowe Price Group'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.
T. Rowe Price Group Beneish M-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, T. Rowe Price Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where T. Rowe Price Group'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 T. Rowe Price Group 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 * 1.0617
+
0.528 * 1.0058
+
0.404 * 0.9448
+
0.892 * 0.9022
+
0.115 * 0.9108
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9952
+
4.679 * -0.009303
-
0.327 * 0.8202
=
-2.52
* 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))
=
(50593.381 / (50593.381 + 117055.652))
/
(48180.306 / (48180.306 + 97237.904))
=
0.301782
/
0.331322
=
0.9108
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
=
(168837.004 - 22399.186
-
157322.025)
/
1169992.601
=
-0.009303
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.
T. Rowe Price Group has a M-score of -2.52 suggests that the company is unlikely to be a manipulator.
T. Rowe Price Group (MIC:TROW-RM) has a Beneish M-Score of -2.53 as of Jul. 19, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on T. Rowe Price Group and its competitors. According to the industry distribution chart, T. Rowe Price Group ranks #345 out of 952 companies in the Asset Management industry, placing it in the top 36.2%.
Is T. Rowe Price Group's Beneish M-Score too high?
T. Rowe Price Group's current Beneish M-Score is -2.53. Based on the distribution chart, T. Rowe Price Group ranks #345 out of 952 companies in the Asset Management industry, which is above the industry midpoint. Overall, T. Rowe Price Group has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does T. Rowe Price Group's Beneish M-Score compare to PFG and ARES?
According to the Asset Management industry distribution chart, T. Rowe Price Group ranks #345 out of 952 companies for Beneish M-Score. This puts T. Rowe Price Group 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 an Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 T. Rowe Price Group and its competitors. T. Rowe Price Group's current Beneish M-Score is -2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T. Rowe Price Group stock overvalued right now?
T. Rowe Price Group (MIC:TROW-RM) has a current Beneish M-Score of -2.53. The current Beneish M-Score is -2.53. T. Rowe Price Group's overall GF Score™ is 80/100 with 9 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 T. Rowe Price Group (MIC:TROW-RM), the current Beneish M-Score is -2.53 as of Jul. 19, 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.
T. Rowe Price provides asset management services for individual and institutional investors. It offers a broad range of no-load US and international stock, hybrid, bond, and money market funds. At the end of May 2026, the firm had $1.892 trillion in managed assets, composed of equity (49%), balanced (37%), fixed-income and money market (11%), and alternative (3%) offerings. Approximately two-thirds of managed assets are held in retirement-based accounts, which provide T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a US-based asset manager, deriving less than 10% of its AUM from overseas.
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