Murphy USAMUSA -3.58%85 Beneish M-Score is -2.70 as of Jun. 25, 2026. GuruFocus rates MUSA with a GF Score™ of 85/100 and a GF Value™ of $456.49 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,087 Retail - Cyclical companies, Murphy USA ranks better than 59.43% 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 -2.7 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Murphy USA's Beneish M-Score or its related term are showing as below:
MUSA'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.36 Med: -2.57 Max: -0.05
Current: -2.7
During the past 13 years, the highest Beneish M-Score of Murphy USA was -0.05. The lowest was -3.36. And the median was -2.57.
Murphy USA Beneish M-Score Related Terms
Murphy USA Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Murphy USA'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.
MUSA vs GME, FIVE, BBWI: Beneish M-Score Comparison
For the Specialty Retail subindustry, Murphy USA'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.
Murphy USA Beneish M-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Murphy USA's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Murphy USA'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 Murphy USA 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 * 1.3177
+
0.528 * 0.9169
+
0.404 * 0.9303
+
0.892 * 0.9875
+
0.115 * 0.9766
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9892
+
4.679 * -0.089162
-
0.327 * 1.0241
=
-2.70
* 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))
=
(257.5 / (257.5 + 3298.4))
/
(280.7 / (280.7 + 3504.9))
=
0.072415
/
0.074149
=
0.9766
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
=
(553.7 - -17.8
-
1005.4)
/
4866.4
=
-0.089162
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.
Murphy USA has a M-score of -2.70 suggests that the company is unlikely to be a manipulator.
Murphy USA (MUSA) has a Beneish M-Score of -2.70 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Murphy USA and its competitors. According to the industry distribution chart, Murphy USA ranks #441 out of 1087 companies in the Retail - Cyclical industry, placing it in the top 40.6%.
Is Murphy USA's Beneish M-Score too high?
Murphy USA's current Beneish M-Score is -2.70. Based on the distribution chart, Murphy USA ranks #441 out of 1087 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Murphy USA has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Murphy USA's Beneish M-Score compare to GME and FIVE?
According to the Retail - Cyclical industry distribution chart, Murphy USA ranks #441 out of 1087 companies for Beneish M-Score. This puts Murphy USA 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 a Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 Murphy USA and its competitors. Murphy USA's current Beneish M-Score is -2.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Murphy USA stock overvalued right now?
Based on GuruFocus' analysis, Murphy USA (MUSA) is currently considered Modestly Overvalued. The stock's GF Value™ is $456.49, compared to a current price of $531.09 — trading 16.3% above its estimated fair value. The current Beneish M-Score is -2.70. Murphy USA's overall GF Score™ is 85/100 with 4 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 Murphy USA (MUSA), the current Beneish M-Score is -2.70 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 Murphy USA (MUSA) Overvalued in 2026?
Based on GuruFocus' analysis, Murphy USA stock appears to be overvalued.
The current stock price of $531.09 is trading 16.3% above its estimated GF Value™ of $456.49.
GuruFocus considers Murphy USA to be Modestly Overvalued.
Key valuation signals for MUSA:
Beneish M-Score: -2.70
GF Value™: $456.49 vs. price of $531.09 (16.3% above fair value)
No single metric tells the full story. See the MUSA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Murphy USA Inc is mainly engaged in the marketing of retail motor fuel products and convenience merchandise through a network of several retail stores in the Southwest, Southeast, Midwest, and Northeast United States. The majority of Murphy USA's stores are located in proximity to Walmart Supercenters, but it also operates standalone stores that market gasoline and other products under the Murphy USA, Murphy Express, and QuickChek brands. In addition, the company also markets fuel to unbranded wholesale customers through a mixture of company-owned and third-party product distribution terminals and pipeline positions. The firm generates maximum revenue through retail sales of petroleum products, and the rest from merchandise sales and wholesale of petroleum products.
85GF Score
Get the complete analysis for MUSA
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