PEBO (Peoples Bancorp (Marietta OH)) Beneish M-Score: -2.53 (As of Jun. 25, 2026)


PEBO Peoples Bancorp Inc (Marietta OH) PEBO
65 GF Score
Price $37.86
GF Value $31.32
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Peoples Bancorp (Marietta OH) Beneish M-Score?

Peoples Bancorp (Marietta OH) PEBO +0.38% 65 Beneish M-Score is -2.53 as of Jun. 25, 2026. GuruFocus rates PEBO with a GF Score™ of 65/100 and a GF Value™ of $31.32 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,396 Banks companies, Peoples Bancorp (Marietta OH) ranks better than 74.21% 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.

Good Sign:

Beneish M-Score -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Peoples Bancorp (Marietta OH)'s Beneish M-Score or its related term are showing as below:

PEBO' s Beneish M-Score Range Over the Past 10 Years
Min: -2.69   Med: -2.48   Max: -0.9
Current: -2.53

During the past 13 years, the highest Beneish M-Score of Peoples Bancorp (Marietta OH) was -0.90. The lowest was -2.69. And the median was -2.48.

PEBO
65GF Score
Peoples Bancorp Inc (Marietta OH) PEBO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Peoples Bancorp (Marietta OH) 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 Peoples Bancorp (Marietta OH) 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 * 0.816+0.528 * 1+0.404 * 1.0009+0.892 * 1.0379+0.115 * 1.1955
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0206+4.679 * -0.002438-0.327 * 0.7498
=-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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $334.9 Mil.
Revenue was 115.88 + 120.826 + 112.108 + 111.506 = $460.3 Mil.
Gross Profit was 115.88 + 120.826 + 112.108 + 111.506 = $460.3 Mil.
Total Current Assets was $0.0 Mil.
Total Assets was $9,648.1 Mil.
Property, Plant and Equipment(Net PPE) was $99.3 Mil.
Depreciation, Depletion and Amortization(DDA) was $8.3 Mil.
Selling, General, & Admin. Expense(SGA) was $200.0 Mil.
Total Current Liabilities was $0.0 Mil.
Long-Term Debt & Capital Lease Obligation was $185.4 Mil.
Net Income was 29.006 + 31.754 + 29.476 + 21.212 = $111.4 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.0 Mil.
Cash Flow from Operations was 34.516 + 35.324 + 14.418 + 50.708 = $135.0 Mil.
 Total Receivables was $395.5 Mil.
Revenue was 109.571 + 114.679 + 111.479 + 107.768 = $443.5 Mil.
Gross Profit was 109.571 + 114.679 + 111.479 + 107.768 = $443.5 Mil.
Total Current Assets was $0.0 Mil.
Total Assets was $9,246.0 Mil.
Property, Plant and Equipment(Net PPE) was $103.8 Mil.
Depreciation, Depletion and Amortization(DDA) was $10.6 Mil.
Selling, General, & Admin. Expense(SGA) was $188.8 Mil.
Total Current Liabilities was $0.0 Mil.
Long-Term Debt & Capital Lease Obligation was $237.0 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)
=(334.922 / 460.32) / (395.454 / 443.497)
=0.727585 / 0.891672
=0.816

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)
=(443.497 / 443.497) / (460.32 / 460.32)
=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 + 99.313) / 9648.087) / (1 - (0 + 103.847) / 9246)
=0.989706 / 0.988768
=1.0009

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
=460.32 / 443.497
=1.0379

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))
=(10.586 / (10.586 + 103.847)) / (8.329 / (8.329 + 99.313))
=0.092508 / 0.077377
=1.1955

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)
=(200.03 / 460.32) / (188.83 / 443.497)
=0.434546 / 0.425775
=1.0206

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)
=((185.43 + 0) / 9648.087) / ((237 + 0) / 9246)
=0.019219 / 0.025633
=0.7498

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
=(111.448 - 0 - 134.966) / 9648.087
=-0.002438

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.

Peoples Bancorp (Marietta OH) has a M-score of -2.53 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 -2.53 mean?
Peoples Bancorp (Marietta OH) (PEBO) has a Beneish M-Score of -2.53 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Peoples Bancorp (Marietta OH) and its competitors. According to the industry distribution chart, Peoples Bancorp (Marietta OH) ranks #360 out of 1396 companies in the Banks industry, placing it in the top 25.8%.
Is Peoples Bancorp (Marietta OH)'s Beneish M-Score too high?
Peoples Bancorp (Marietta OH)'s current Beneish M-Score is -2.53. Based on the distribution chart, Peoples Bancorp (Marietta OH) ranks #360 out of 1396 companies in the Banks industry, which is above the industry midpoint. Overall, Peoples Bancorp (Marietta OH) has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Peoples Bancorp (Marietta OH)'s Beneish M-Score compare to TMP and AMAL?
According to the Banks industry distribution chart, Peoples Bancorp (Marietta OH) ranks #360 out of 1396 companies for Beneish M-Score. This puts Peoples Bancorp (Marietta OH) 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 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 Peoples Bancorp (Marietta OH) and its competitors. Peoples Bancorp (Marietta OH)'s current Beneish M-Score is -2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Peoples Bancorp (Marietta OH) stock overvalued right now?
Based on GuruFocus' analysis, Peoples Bancorp (Marietta OH) (PEBO) is currently considered Modestly Overvalued. The stock's GF Value™ is $31.32, compared to a current price of $37.86 — trading 20.9% above its estimated fair value. The current Beneish M-Score is -2.53. Peoples Bancorp (Marietta OH)'s overall GF Score™ is 65/100 with 8 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 Peoples Bancorp (Marietta OH) (PEBO), the current Beneish M-Score is -2.53 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 Peoples Bancorp (Marietta OH) (PEBO) Overvalued in 2026?

Based on GuruFocus' analysis, Peoples Bancorp (Marietta OH) stock appears to be overvalued. The current stock price of $37.86 is trading 20.9% above its estimated GF Value™ of $31.32. GuruFocus considers Peoples Bancorp (Marietta OH) to be Modestly Overvalued.

Key valuation signals for PEBO:

  • Beneish M-Score: -2.53
  • GF Value™: $31.32 vs. price of $37.86 (20.9% above fair value)
  • GF Score™: 65/100 with 8 warning signs

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

Peoples Bancorp (Marietta OH) Business Description

Address 138 Putnam Street, PO Box 738, Marietta, OH, USA, 45750-0738
Peoples Bancorp Inc (Marietta OH) is a financial holding company. As a community bank, it offers a complete line of banking, insurance, investment, and trust solutions through its financial subsidiaries. It offers demand deposit accounts, savings accounts, real estate mortgage loans, merchant credit card transaction processing services, corporate and personal trust services, life, health, property, and casualty insurance products, and brokerage services. The bank also offers telephone and internet-based banking through both personal computers and mobile devices.
65GF Score

Get the complete analysis for PEBO

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

$37.86
Price
$31.32
GF Value