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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 -2.41 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Northview Residential REIT's Beneish M-Score or its related term are showing as below:
NRRUF'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.66 Med: -2.43 Max: -1.92
Current: -2.41
During the past 10 years, the highest Beneish M-Score of Northview Residential REIT was -1.92. The lowest was -2.66. And the median was -2.43.
* 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.
NRRUF vs AVB, EQR, ESS: Beneish M-Score Comparison
For the REIT - Residential subindustry, Northview Residential REIT'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.
Northview Residential REIT Beneish M-Score vs REITs Industry
For the REITs industry and Real Estate sector, Northview Residential REIT's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Northview Residential REIT'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 Northview Residential REIT 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 * 0.9395
+
0.528 * 1
+
0.404 * 1.0151
+
0.892 * 1.0124
+
0.115 * 1.2907
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1102
+
4.679 * -0.00618
-
0.327 * 0.9815
=
-2.53
* 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))
=
(1.595 / (1.595 + 18.71))
/
(1.131 / (1.131 + 17.453))
=
0.078552
/
0.060859
=
1.2907
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
=
(32.708 - -18.175
-
62.254)
/
1839.885
=
-0.00618
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.
Northview Residential REIT has a M-score of -2.53 suggests that the company is unlikely to be a manipulator.
Northview Residential REIT (NRRUF) has a Beneish M-Score of -2.41 as of Aug. 10, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Northview Residential REIT and its competitors. According to the industry distribution chart, Northview Residential REIT ranks #420 out of 749 companies in the REITs industry, placing it in the top 56.1%.
Is Northview Residential REIT's Beneish M-Score too high?
Northview Residential REIT's current Beneish M-Score is -2.41. Based on the distribution chart, Northview Residential REIT ranks #420 out of 749 companies in the REITs industry, which is below the industry midpoint. Overall, Northview Residential REIT has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Northview Residential REIT's Beneish M-Score compare to AVB and EQR?
According to the REITs industry distribution chart, Northview Residential REIT ranks #420 out of 749 companies for Beneish M-Score. This places Northview Residential REIT 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 REITs company?
A good Beneish M-Score depends on the REITs 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 Northview Residential REIT and its competitors. Northview Residential REIT's current Beneish M-Score is -2.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northview Residential REIT stock overvalued right now?
Based on GuruFocus' analysis, Northview Residential REIT (NRRUF) is currently considered Fairly Valued. The stock's GF Value™ is $11.54, compared to a current price of $11.58 — trading 0.4% above its estimated fair value. The current Beneish M-Score is -2.41. Northview Residential REIT's overall GF Score™ is 65/100 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 Northview Residential REIT (NRRUF), the current Beneish M-Score is -2.41 as of Aug. 10, 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 Northview Residential REIT (NRRUF) Overvalued in 2026?
Based on GuruFocus' analysis, Northview Residential REIT stock appears to be overvalued.
The current stock price of $11.58 is trading 0.4% above its estimated GF Value™ of $11.54.
GuruFocus considers Northview Residential REIT to be Fairly Valued.
Key valuation signals for NRRUF:
Beneish M-Score: -2.41
GF Value™: $11.54 vs. price of $11.58 (0.4% above fair value)
No single metric tells the full story. See the NRRUF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northview Residential REIT is an internally managed, traditional open-ended real estate investment trust. It is engaged in acquiring, owning, and operating a portfolio of income-producing rental properties in secondary markets within Canada. Northview's portfolio consists of residential suites, commercial spaces, and execusuites across different provinces in Canada. Its operating segments are: multi-residential, commercial and execusuite. Maximum revenue is generated from the multi-residential segment, which consists of apartments, townhomes, and single-family rental suites. The commercial and execusuite segment includes office, industrial, and retail properties, as well as execusuite properties that offer apartment-style accommodation.
65GF Score
Get the complete analysis for NRRUF
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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