OCFC (OceanFirst Financial) Beneish M-Score: -1.66 (As of Aug. 21, 2026)

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OCFC OceanFirst Financial Corp OCFC
75 GF Score
Price $19.06
GF Value $19.85
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is OceanFirst Financial Beneish M-Score?

OceanFirst Financial OCFC -0.16% 75 Beneish M-Score is -1.66 as of Aug. 21, 2026. GuruFocus rates OCFC with a GF Score™ of 75/100 and a GF Value™ of $19.85 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,393 Banks companies, OceanFirst Financial ranks worse than 95.98% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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.

Warning Sign:

Beneish M-Score -1.66 higher than -1.78, which implies that the company might have manipulated its financial results.

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

OCFC' s Beneish M-Score Range Over the Past 10 Years
Min: -3.67   Med: -2.4   Max: -1.46
Current: -1.66

During the past 13 years, the highest Beneish M-Score of OceanFirst Financial was -1.46. The lowest was -3.67. And the median was -2.40.

OCFC
75GF Score
OceanFirst Financial Corp OCFC
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

OceanFirst Financial 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 OceanFirst Financial 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 * 1.8283+0.528 * 1+0.404 * 1.0031+0.892 * 1.1366+0.115 * 0.9399
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0117+4.679 * -0.00317-0.327 * 1.1214
=-1.66

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was $91.5 Mil.
Revenue was 130.231 + 102.097 + 103.603 + 101.791 = $437.7 Mil.
Gross Profit was 130.231 + 102.097 + 103.603 + 101.791 = $437.7 Mil.
Total Current Assets was $0.0 Mil.
Total Assets was $23,270.0 Mil.
Property, Plant and Equipment(Net PPE) was $126.6 Mil.
Depreciation, Depletion and Amortization(DDA) was $17.0 Mil.
Selling, General, & Admin. Expense(SGA) was $191.0 Mil.
Total Current Liabilities was $0.0 Mil.
Long-Term Debt & Capital Lease Obligation was $2,225.6 Mil.
Net Income was -3.029 + 20.506 + 13.093 + 17.33 = $47.9 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.0 Mil.
Cash Flow from Operations was 36.039 + 25.21 + 36.003 + 24.411 = $121.7 Mil.
 Total Receivables was $44.0 Mil.
Revenue was 98.213 + 96.735 + 94.427 + 95.75 = $385.1 Mil.
Gross Profit was 98.213 + 96.735 + 94.427 + 95.75 = $385.1 Mil.
Total Current Assets was $0.0 Mil.
Total Assets was $13,327.8 Mil.
Property, Plant and Equipment(Net PPE) was $113.5 Mil.
Depreciation, Depletion and Amortization(DDA) was $14.2 Mil.
Selling, General, & Admin. Expense(SGA) was $166.1 Mil.
Total Current Liabilities was $0.0 Mil.
Long-Term Debt & Capital Lease Obligation was $1,136.7 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)
=(91.497 / 437.722) / (44.032 / 385.125)
=0.20903 / 0.114332
=1.8283

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)
=(385.125 / 385.125) / (437.722 / 437.722)
=1 / 1
=1

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 - (0 + 126.609) / 23270.01) / (1 - (0 + 113.474) / 13327.847)
=0.994559 / 0.991486
=1.0031

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
=437.722 / 385.125
=1.1366

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))
=(14.166 / (14.166 + 113.474)) / (16.952 / (16.952 + 126.609))
=0.110984 / 0.118082
=0.9399

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)
=(190.981 / 437.722) / (166.093 / 385.125)
=0.436307 / 0.43127
=1.0117

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)
=((2225.589 + 0) / 23270.01) / ((1136.706 + 0) / 13327.847)
=0.095642 / 0.085288
=1.1214

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
=(47.9 - 0 - 121.663) / 23270.01
=-0.00317

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.

OceanFirst Financial has a M-score of -1.66 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.66 mean?
OceanFirst Financial (OCFC) has a Beneish M-Score of -1.66 as of Aug. 21, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on OceanFirst Financial and its competitors. According to the industry distribution chart, OceanFirst Financial ranks #1337 out of 1393 companies in the Banks industry, placing it in the top 96%.
Is OceanFirst Financial's Beneish M-Score too high?
OceanFirst Financial's current Beneish M-Score is -1.66. Based on the distribution chart, OceanFirst Financial ranks #1337 out of 1393 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, OceanFirst Financial has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does OceanFirst Financial's Beneish M-Score compare to HOPE and BFC?
According to the Banks industry distribution chart, OceanFirst Financial ranks #1337 out of 1393 companies for Beneish M-Score. This places OceanFirst Financial 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 Banks company?
A good Beneish M-Score depends on the Banks 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 OceanFirst Financial and its competitors. OceanFirst Financial's current Beneish M-Score is -1.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OceanFirst Financial stock overvalued right now?
Based on GuruFocus' analysis, OceanFirst Financial (OCFC) is currently considered Fairly Valued. The stock's GF Value™ is $19.85, compared to a current price of $19.06 — trading 4% below its estimated fair value. The current Beneish M-Score is -1.66. OceanFirst Financial's overall GF Score™ is 75/100 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 OceanFirst Financial (OCFC), the current Beneish M-Score is -1.66 as of Aug. 21, 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 OceanFirst Financial (OCFC) Overvalued in 2026?

Based on GuruFocus' analysis, OceanFirst Financial stock appears to be undervalued. The current stock price of $19.06 is trading 4% below its estimated GF Value™ of $19.85. GuruFocus considers OceanFirst Financial to be Fairly Valued.

Key valuation signals for OCFC:

  • Beneish M-Score: -1.66
  • GF Value™: $19.85 vs. price of $19.06 (4% below fair value)
  • GF Score™: 75/100 with 9 warning signs

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

OceanFirst Financial Business Description

Address 110 West Front Street, Red Bank, NJ, USA, 07701
OceanFirst Financial Corp is engaged in the banking sector of the United States. It conducts the business of attracting retail and business deposits and investing them in loans, consisting of single-family, owner-occupied residential mortgage loans and commercial real estate loans. The company's sole segment deals with the delivery of loan and deposit products to customers. The bank's revenues are derived principally from interest on its loans, and to a lesser extent, interest on its investment and mortgage-backed securities. The rest of its income is dependent on bank card services and wealth management products and services.
75GF Score

Get the complete analysis for OCFC

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

$19.06
Price
$19.85
GF Value