OLLI (Ollie's Bargain Outlet Holdings) Beneish M-Score: -1.62 (As of Jun. 25, 2026)


OLLI Ollie's Bargain Outlet Holdings Inc OLLI
83 GF Score
Price $74.09
GF Value $120.00
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Ollie's Bargain Outlet Holdings Beneish M-Score?

Ollie's Bargain Outlet Holdings OLLI +1.80% 83 Beneish M-Score is -1.62 as of Jun. 25, 2026. GuruFocus rates OLLI with a GF Score™ of 83/100 and a GF Value™ of $120.00 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 293 Retail - Defensive companies, Ollie's Bargain Outlet Holdings ranks worse than 86.69% 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.

Warning Sign:

Beneish M-Score -1.62 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Ollie's Bargain Outlet Holdings's Beneish M-Score or its related term are showing as below:

OLLI' s Beneish M-Score Range Over the Past 10 Years
Min: -3.34   Med: -2.04   Max: 0.62
Current: -1.62

During the past 13 years, the highest Beneish M-Score of Ollie's Bargain Outlet Holdings was 0.62. The lowest was -3.34. And the median was -2.04.


Ollie's Bargain Outlet Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Ollie's Bargain Outlet Holdings'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.

Ollie's Bargain Outlet Holdings Beneish M-Score Chart

Ollie's Bargain Outlet Holdings Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.05 -1.81 -2.74 -2.50 -1.97

Ollie's Bargain Outlet Holdings Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 -1.21 -2.10 -2.39 -1.97 -1.62

OLLI vs PSMT, TBBB, BJ: Beneish M-Score Comparison

For the Discount Stores subindustry, Ollie's Bargain Outlet Holdings'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.


Ollie's Bargain Outlet Holdings Beneish M-Score vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ollie's Bargain Outlet Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Ollie's Bargain Outlet Holdings's Beneish M-Score falls into.


OLLI
83GF Score
Ollie's Bargain Outlet Holdings Inc OLLI
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ollie's Bargain Outlet Holdings 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 Ollie's Bargain Outlet Holdings 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 * 1.7819+0.528 * 0.9892+0.404 * 1.1925+0.892 * 1.1674+0.115 * 0.9009
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9889+4.679 * -0.012971-0.327 * 1.0209
=-1.62

* 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 (Apr26) TTM:Last Year (Apr25) TTM:
Total Receivables was $5 Mil.
Revenue was 658.928 + 779.256 + 613.619 + 679.556 = $2,731 Mil.
Gross Profit was 275.964 + 310.921 + 253.654 + 271.338 = $1,112 Mil.
Total Current Assets was $961 Mil.
Total Assets was $2,994 Mil.
Property, Plant and Equipment(Net PPE) was $1,079 Mil.
Depreciation, Depletion and Amortization(DDA) was $57 Mil.
Selling, General, & Admin. Expense(SGA) was $733 Mil.
Total Current Liabilities was $414 Mil.
Long-Term Debt & Capital Lease Obligation was $598 Mil.
Net Income was 56.4 + 85.554 + 46.172 + 61.31 = $249 Mil.
Non Operating Income was -6.442 + -2.252 + -7.401 + -8.972 = $-25 Mil.
Cash Flow from Operations was 45.501 + 182.367 + 4.758 + 80.712 = $313 Mil.
Total Receivables was $2 Mil.
Revenue was 576.767 + 667.084 + 517.428 + 578.375 = $2,340 Mil.
Gross Profit was 237.031 + 271.604 + 214.459 + 219.031 = $942 Mil.
Total Current Assets was $998 Mil.
Total Assets was $2,707 Mil.
Property, Plant and Equipment(Net PPE) was $986 Mil.
Depreciation, Depletion and Amortization(DDA) was $47 Mil.
Selling, General, & Admin. Expense(SGA) was $635 Mil.
Total Current Liabilities was $348 Mil.
Long-Term Debt & Capital Lease Obligation was $548 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)
=(4.887 / 2731.359) / (2.348 / 2339.654)
=0.001789 / 0.001004
=1.7819

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)
=(942.125 / 2339.654) / (1111.877 / 2731.359)
=0.402677 / 0.407078
=0.9892

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 - (960.989 + 1079.128) / 2993.899) / (1 - (998.021 + 985.815) / 2706.979)
=0.318575 / 0.26714
=1.1925

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
=2731.359 / 2339.654
=1.1674

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))
=(46.988 / (46.988 + 985.815)) / (57.398 / (57.398 + 1079.128))
=0.045496 / 0.050503
=0.9009

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)
=(732.852 / 2731.359) / (634.819 / 2339.654)
=0.26831 / 0.27133
=0.9889

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)
=((597.688 + 414.22) / 2993.899) / ((548.356 + 347.804) / 2706.979)
=0.33799 / 0.331055
=1.0209

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
=(249.436 - -25.067 - 313.338) / 2993.899
=-0.012971

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.

Ollie's Bargain Outlet Holdings has a M-score of -1.62 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 -1.62 mean?
Ollie's Bargain Outlet Holdings (OLLI) has a Beneish M-Score of -1.62 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ollie's Bargain Outlet Holdings and its competitors. According to the industry distribution chart, Ollie's Bargain Outlet Holdings ranks #254 out of 293 companies in the Retail - Defensive industry, placing it in the top 86.7%.
Is Ollie's Bargain Outlet Holdings' Beneish M-Score too high?
Ollie's Bargain Outlet Holdings' current Beneish M-Score is -1.62. Based on the distribution chart, Ollie's Bargain Outlet Holdings ranks #254 out of 293 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Ollie's Bargain Outlet Holdings has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ollie's Bargain Outlet Holdings' Beneish M-Score compare to PSMT and TBBB?
According to the Retail - Defensive industry distribution chart, Ollie's Bargain Outlet Holdings ranks #254 out of 293 companies for Beneish M-Score. This places Ollie's Bargain Outlet Holdings 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 Retail - Defensive company?
A good Beneish M-Score depends on the Retail - Defensive 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 Ollie's Bargain Outlet Holdings and its competitors. Ollie's Bargain Outlet Holdings's current Beneish M-Score is -1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ollie's Bargain Outlet Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ollie's Bargain Outlet Holdings (OLLI) is currently considered Significantly Undervalued. The stock's GF Value™ is $120.00, compared to a current price of $74.09 — trading 38.3% below its estimated fair value. The current Beneish M-Score is -1.62. Ollie's Bargain Outlet Holdings' overall GF Score™ is 83/100 with 3 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 Ollie's Bargain Outlet Holdings (OLLI), the current Beneish M-Score is -1.62 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 Ollie's Bargain Outlet Holdings (OLLI) Overvalued in 2026?

Based on GuruFocus' analysis, Ollie's Bargain Outlet Holdings stock appears to be undervalued. The current stock price of $74.09 is trading 38.3% below its estimated GF Value™ of $120.00. GuruFocus considers Ollie's Bargain Outlet Holdings to be Significantly Undervalued.

Key valuation signals for OLLI:

  • Beneish M-Score: -1.62
  • GF Value™: $120.00 vs. price of $74.09 (38.3% below fair value)
  • GF Score™: 83/100 with 3 warning signs

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


Ollie's Bargain Outlet Holdings Business Description

Other Exchanges OL6:Germany
Address 6295 Allentown Boulevard, Suite 1, Harrisburg, PA, USA, 17112
Ollie's Bargain Outlet Holdings Inc is a retailer of closeout merchandise and excess inventory. The company sells name-brand household items that consumers use every day at prices heavily discounted compared with traditional retailers. It offers customers a broad selection of brand-name products, including housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics. The company operates stores across the Eastern half of the United States. Its differentiated go-to-market plan is characterized by a fun, engaging treasure-hunt shopping experience, a compelling customer value proposition, and witty, humorous in-store signage and advertising campaigns.
83GF Score

Get the complete analysis for OLLI

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

$74.09
Price
$120.00
GF Value