Renaissance ServicesOG (MUS:RNSS) Beneish M-Score: -2.50 (As of Jun. 25, 2026)


MUS:RNSS Renaissance Services SAOG MUS:RNSS
58 GF Score
Price ر.ع0.31
GF Value ر.ع0.38
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Renaissance ServicesOG Beneish M-Score?

Renaissance ServicesOG MUS:RNSS -0.96% 58 Beneish M-Score is -2.50 as of Jun. 25, 2026. GuruFocus rates MUS:RNSS with a GF Score™ of 58/100 and a GF Value™ of ر.ع0.38 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,020 Business Services companies, Renaissance ServicesOG ranks worse than 54.51% 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 -2.5 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MUS:RNSS' s Beneish M-Score Range Over the Past 10 Years
Min: -4.49   Med: -2.5   Max: 0.19
Current: -2.5

During the past 13 years, the highest Beneish M-Score of Renaissance ServicesOG was 0.19. The lowest was -4.49. And the median was -2.50.


Renaissance ServicesOG Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Renaissance ServicesOG'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.

Renaissance ServicesOG Beneish M-Score Chart

Renaissance ServicesOG 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 -2.29 -2.43 -0.01 -3.01 -2.45

Renaissance ServicesOG 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 -2.62 -2.57 -2.66 -2.45 -2.50

MUS:RNSS vs CTAS, CPRT, GPN: Beneish M-Score Comparison

For the Specialty Business Services subindustry, Renaissance ServicesOG'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.


Renaissance ServicesOG Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Renaissance ServicesOG's Beneish M-Score distribution charts can be found below:

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


MUS:RNSS
58GF Score
Renaissance Services SAOG MUS:RNSS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Renaissance ServicesOG 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 Renaissance ServicesOG 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 * 0.8882+0.528 * 1.356+0.404 * 1.6599+0.892 * 0.9686+0.115 * 0.2475
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.895+4.679 * -0.060707-0.327 * 0.9695
=-2.50

* 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 ر.ع38.7 Mil.
Revenue was 24.717 + 25.209 + 27.986 + 28.025 = ر.ع105.9 Mil.
Gross Profit was 2.192 + 3.533 + 4.418 + 3.711 = ر.ع13.9 Mil.
Total Current Assets was ر.ع71.5 Mil.
Total Assets was ر.ع205.8 Mil.
Property, Plant and Equipment(Net PPE) was ر.ع123.3 Mil.
Depreciation, Depletion and Amortization(DDA) was ر.ع9.0 Mil.
Selling, General, & Admin. Expense(SGA) was ر.ع6.3 Mil.
Total Current Liabilities was ر.ع59.8 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع42.5 Mil.
Net Income was 0.62 + 1.392 + 2.275 + 1.416 = ر.ع5.7 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ر.ع0.0 Mil.
Cash Flow from Operations was 4.87 + 6.228 + 4.948 + 2.153 = ر.ع18.2 Mil.
Total Receivables was ر.ع45.0 Mil.
Revenue was 26.995 + 30.744 + 25.504 + 26.129 = ر.ع109.4 Mil.
Gross Profit was 3.547 + 6.096 + 4.586 + 5.166 = ر.ع19.4 Mil.
Total Current Assets was ر.ع77.0 Mil.
Total Assets was ر.ع214.4 Mil.
Property, Plant and Equipment(Net PPE) was ر.ع130.5 Mil.
Depreciation, Depletion and Amortization(DDA) was ر.ع2.2 Mil.
Selling, General, & Admin. Expense(SGA) was ر.ع7.2 Mil.
Total Current Liabilities was ر.ع61.6 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع48.3 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)
=(38.747 / 105.937) / (45.04 / 109.372)
=0.365755 / 0.411806
=0.8882

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)
=(19.395 / 109.372) / (13.854 / 105.937)
=0.177331 / 0.130776
=1.356

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 - (71.532 + 123.264) / 205.842) / (1 - (76.963 + 130.465) / 214.358)
=0.053663 / 0.032329
=1.6599

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
=105.937 / 109.372
=0.9686

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))
=(2.241 / (2.241 + 130.465)) / (9.026 / (9.026 + 123.264))
=0.016887 / 0.068229
=0.2475

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)
=(6.284 / 105.937) / (7.249 / 109.372)
=0.059318 / 0.066278
=0.895

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)
=((42.541 + 59.772) / 205.842) / ((48.34 + 61.557) / 214.358)
=0.497046 / 0.51268
=0.9695

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
=(5.703 - 0 - 18.199) / 205.842
=-0.060707

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.

Renaissance ServicesOG has a M-score of -2.50 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 -2.50 mean?
Renaissance ServicesOG (MUS:RNSS) has a Beneish M-Score of -2.50 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Renaissance ServicesOG and its competitors. According to the industry distribution chart, Renaissance ServicesOG ranks #556 out of 1020 companies in the Business Services industry, placing it in the top 54.5%.
Is Renaissance ServicesOG's Beneish M-Score too high?
Renaissance ServicesOG's current Beneish M-Score is -2.50. Based on the distribution chart, Renaissance ServicesOG ranks #556 out of 1020 companies in the Business Services industry, which is below the industry midpoint. Overall, Renaissance ServicesOG has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Renaissance ServicesOG's Beneish M-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Renaissance ServicesOG ranks #556 out of 1020 companies for Beneish M-Score. This places Renaissance ServicesOG 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 Business Services company?
A good Beneish M-Score depends on the Business Services 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 Renaissance ServicesOG and its competitors. Renaissance ServicesOG's current Beneish M-Score is -2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Renaissance ServicesOG stock overvalued right now?
Based on GuruFocus' analysis, Renaissance ServicesOG (MUS:RNSS) is currently considered Modestly Undervalued. The stock's GF Value™ is ر.ع0.38, compared to a current price of ر.ع0.31 — trading 18.2% below its estimated fair value. The current Beneish M-Score is -2.50. Renaissance ServicesOG's overall GF Score™ is 58/100 with 7 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 Renaissance ServicesOG (MUS:RNSS), the current Beneish M-Score is -2.50 as of Jun. 25, 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 Renaissance ServicesOG (MUS:RNSS) Overvalued in 2026?

Based on GuruFocus' analysis, Renaissance ServicesOG stock appears to be undervalued. The current stock price of ر.ع0.31 is trading 18.2% below its estimated GF Value™ of ر.ع0.38. GuruFocus considers Renaissance ServicesOG to be Modestly Undervalued.

Key valuation signals for MUS:RNSS:

  • Beneish M-Score: -2.50
  • GF Value™: ر.ع0.38 vs. price of ر.ع0.31 (18.2% below fair value)
  • GF Score™: 58/100 with 7 warning signs

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


Renaissance ServicesOG Business Description

Address Renaissance House, P.O. Box 1676, Central Business District, Muttrah, OMN, 114
Renaissance Services SAOG with its subsidiaries is engaged in investing in companies and properties, providing turnkey and other contract services including accommodation solutions, facilities management, facilities establishment, contract catering, operations and maintenance services, training services, waste management, and general trading and related activities. The segments of the company include services which consist of contract services, accommodation solutions, and integrated facilities management (IFM) services. Geographically, it derives the majority of its revenue from Oman followed by Middle East.
58GF Score

Get the complete analysis for MUS:RNSS

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

ر.ع0.31
Price
ر.ع0.38
GF Value