PSFE (Paysafe) Beneish M-Score: -2.86 (As of Jun. 24, 2026)


PSFE Paysafe Ltd PSFE
56 GF Score
Price $6.75
GF Value $16.28
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Paysafe Beneish M-Score?

Paysafe PSFE +3.05% 56 Beneish M-Score is -2.86 as of Jun. 24, 2026. GuruFocus rates PSFE with a GF Score™ of 56/100 and a GF Value™ of $16.28 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 2,633 Software companies, Paysafe ranks better than 70.95% 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 -2.86 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

PSFE' s Beneish M-Score Range Over the Past 10 Years
Min: -3.91   Med: -2.85   Max: 3.24
Current: -2.86

During the past 8 years, the highest Beneish M-Score of Paysafe was 3.24. The lowest was -3.91. And the median was -2.85.


Paysafe Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Paysafe'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.

Paysafe Beneish M-Score Chart

Paysafe Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial -2.78 -2.83 -2.57 -2.80 -2.86

Paysafe Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -3.42 -3.43 -3.51 -2.86 -2.86

PSFE vs IIIV, ALLT, PDYN: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, Paysafe'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.


Paysafe Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Paysafe's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Paysafe's Beneish M-Score falls into.


PSFE
56GF Score
Paysafe Ltd PSFE
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Paysafe 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 Paysafe 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 * 1.0058+0.528 * 1.017+0.404 * 0.9667+0.892 * 1.0326+0.115 * 0.9941
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0061+4.679 * -0.083958-0.327 * 1.0604
=-2.86

* 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 $313 Mil.
Revenue was 442.723 + 438.355 + 433.815 + 428.218 = $1,743 Mil.
Gross Profit was 250.049 + 244.564 + 250.77 + 238.038 = $983 Mil.
Total Current Assets was $1,667 Mil.
Total Assets was $4,658 Mil.
Property, Plant and Equipment(Net PPE) was $64 Mil.
Depreciation, Depletion and Amortization(DDA) was $278 Mil.
Selling, General, & Admin. Expense(SGA) was $593 Mil.
Total Current Liabilities was $1,436 Mil.
Long-Term Debt & Capital Lease Obligation was $2,514 Mil.
Net Income was -36.452 + -25.228 + -87.675 + -50.132 = $-199 Mil.
Non Operating Income was -5.457 + -24.124 + -13.542 + -12.8 = $-56 Mil.
Cash Flow from Operations was 63.866 + 74.911 + 69.179 + 39.586 = $248 Mil.
Total Receivables was $301 Mil.
Revenue was 401 + 420.07 + 427.103 + 439.924 = $1,688 Mil.
Gross Profit was 226.819 + 236.605 + 249.004 + 256.099 = $969 Mil.
Total Current Assets was $1,584 Mil.
Total Assets was $4,713 Mil.
Property, Plant and Equipment(Net PPE) was $66 Mil.
Depreciation, Depletion and Amortization(DDA) was $275 Mil.
Selling, General, & Admin. Expense(SGA) was $571 Mil.
Total Current Liabilities was $1,360 Mil.
Long-Term Debt & Capital Lease Obligation was $2,409 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)
=(312.993 / 1743.111) / (301.365 / 1688.097)
=0.17956 / 0.178524
=1.0058

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)
=(968.527 / 1688.097) / (983.421 / 1743.111)
=0.573739 / 0.564176
=1.017

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 - (1666.761 + 64.342) / 4658.38) / (1 - (1583.811 + 65.617) / 4713.432)
=0.628389 / 0.650058
=0.9667

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
=1743.111 / 1688.097
=1.0326

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))
=(274.839 / (274.839 + 65.617)) / (278.054 / (278.054 + 64.342))
=0.807267 / 0.812083
=0.9941

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)
=(592.721 / 1743.111) / (570.535 / 1688.097)
=0.340036 / 0.337975
=1.0061

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)
=((2513.692 + 1436.4) / 4658.38) / ((2409.258 + 1359.771) / 4713.432)
=0.847954 / 0.799636
=1.0604

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
=(-199.487 - -55.923 - 247.542) / 4658.38
=-0.083958

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.

Paysafe has a M-score of -2.86 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 -2.86 mean?
Paysafe (PSFE) has a Beneish M-Score of -2.86 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Paysafe and its competitors. According to the industry distribution chart, Paysafe ranks #765 out of 2633 companies in the Software industry, placing it in the top 29.1%.
Is Paysafe's Beneish M-Score too high?
Paysafe's current Beneish M-Score is -2.86. Based on the distribution chart, Paysafe ranks #765 out of 2633 companies in the Software industry, which is above the industry midpoint. Overall, Paysafe has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Paysafe's Beneish M-Score compare to IIIV and ALLT?
According to the Software industry distribution chart, Paysafe ranks #765 out of 2633 companies for Beneish M-Score. This puts Paysafe 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 Software company?
A good Beneish M-Score depends on the Software 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 Paysafe and its competitors. Paysafe's current Beneish M-Score is -2.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paysafe stock overvalued right now?
Based on GuruFocus' analysis, Paysafe (PSFE) is currently considered Possible Value Trap. The stock's GF Value™ is $16.28, compared to a current price of $6.75 — trading 58.5% below its estimated fair value. The current Beneish M-Score is -2.86. Paysafe's overall GF Score™ is 56/100 with 6 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 Paysafe (PSFE), the current Beneish M-Score is -2.86 as of Jun. 24, 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 Paysafe (PSFE) Overvalued in 2026?

Based on GuruFocus' analysis, Paysafe stock appears to be undervalued. The current stock price of $6.75 is trading 58.5% below its estimated GF Value™ of $16.28. GuruFocus considers Paysafe to be Possible Value Trap.

Key valuation signals for PSFE:

  • Beneish M-Score: -2.86
  • GF Value™: $16.28 vs. price of $6.75 (58.5% below fair value)
  • GF Score™: 56/100 with 6 warning signs

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


Paysafe Business Description

Other Exchanges 17P0:Germany
Address 2 Gresham Street, 27th Floor, London, GBR, EC2V 7AD
Paysafe Ltd is an integrated payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through capabilities in payment processing, digital wallet, and online cash solutions. The company's reportable segments are Merchant Solutions and Digital Wallets. The Merchant Solutions segment, which derives maximum revenue, services markets in North America, Canada and Europe. The Digital Wallets segment services markets in Europe, UK, North America and Latin America. It derives a majority of revenue from the USA followed by Germany, the UK, and all other countries.
56GF Score

Get the complete analysis for PSFE

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

$6.75
Price
$16.28
GF Value