SCHL (Scholastic) Beneish M-Score: -2.86 (As of Jun. 24, 2026)


SCHL Scholastic Corp SCHL
73 GF Score
Price $42.89
GF Value $38.59
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Scholastic Beneish M-Score?

Scholastic SCHL +1.08% 73 Beneish M-Score is -2.86 as of Jun. 24, 2026. GuruFocus rates SCHL with a GF Score™ of 73/100 and a GF Value™ of $38.59 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 989 Media - Diversified companies, Scholastic ranks better than 69.87% 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 Scholastic's Beneish M-Score or its related term are showing as below:

SCHL' s Beneish M-Score Range Over the Past 10 Years
Min: -3.07   Med: -2.64   Max: -1.85
Current: -2.86

During the past 13 years, the highest Beneish M-Score of Scholastic was -1.85. The lowest was -3.07. And the median was -2.64.


Scholastic Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Scholastic'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.

Scholastic Beneish M-Score Chart

Scholastic Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.56 -2.78 -2.71 -2.95 -2.57

Scholastic Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 -2.44 -2.57 -2.78 -2.71 -2.86

SCHL vs TDAY, LEE, EDUC: Beneish M-Score Comparison

For the Publishing subindustry, Scholastic'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.


Scholastic Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Scholastic's Beneish M-Score distribution charts can be found below:

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


SCHL
73GF Score
Scholastic Corp SCHL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Scholastic 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 Scholastic 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 * 0.8758+0.528 * 0.9925+0.404 * 1.1+0.892 * 1.0138+0.115 * 0.7671
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9985+4.679 * -0.061826-0.327 * 0.9844
=-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 (Feb26) TTM:Last Year (Feb25) TTM:
Total Receivables was $291 Mil.
Revenue was 329.1 + 551.1 + 225.6 + 508.3 = $1,614 Mil.
Gross Profit was 178.8 + 325.5 + 102.1 + 301 = $907 Mil.
Total Current Assets was $735 Mil.
Total Assets was $1,781 Mil.
Property, Plant and Equipment(Net PPE) was $458 Mil.
Depreciation, Depletion and Amortization(DDA) was $85 Mil.
Selling, General, & Admin. Expense(SGA) was $815 Mil.
Total Current Liabilities was $621 Mil.
Long-Term Debt & Capital Lease Obligation was $251 Mil.
Net Income was 62.5 + 55.9 + -71.1 + 15.4 = $63 Mil.
Non Operating Income was 119.5 + -10.6 + -1.1 + -2.8 = $105 Mil.
Cash Flow from Operations was -30.5 + 73.2 + -81.8 + 106.9 = $68 Mil.
Total Receivables was $327 Mil.
Revenue was 335.4 + 544.6 + 237.2 + 474.9 = $1,592 Mil.
Gross Profit was 180.8 + 316 + 108.9 + 282.6 = $888 Mil.
Total Current Assets was $757 Mil.
Total Assets was $1,961 Mil.
Property, Plant and Equipment(Net PPE) was $616 Mil.
Depreciation, Depletion and Amortization(DDA) was $84 Mil.
Selling, General, & Admin. Expense(SGA) was $805 Mil.
Total Current Liabilities was $617 Mil.
Long-Term Debt & Capital Lease Obligation was $359 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)
=(290.6 / 1614.1) / (327.3 / 1592.1)
=0.180038 / 0.205578
=0.8758

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)
=(888.3 / 1592.1) / (907.4 / 1614.1)
=0.557942 / 0.562171
=0.9925

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 - (735.3 + 457.8) / 1780.8) / (1 - (757 + 615.9) / 1961.3)
=0.33002 / 0.300005
=1.1

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
=1614.1 / 1592.1
=1.0138

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))
=(83.8 / (83.8 + 615.9)) / (84.7 / (84.7 + 457.8))
=0.119766 / 0.156129
=0.7671

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)
=(815.3 / 1614.1) / (805.4 / 1592.1)
=0.505111 / 0.505873
=0.9985

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)
=((251.3 + 621.1) / 1780.8) / ((359.4 + 616.7) / 1961.3)
=0.489892 / 0.49768
=0.9844

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
=(62.7 - 105 - 67.8) / 1780.8
=-0.061826

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.

Scholastic 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?
Scholastic (SCHL) 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 Scholastic and its competitors. According to the industry distribution chart, Scholastic ranks #298 out of 989 companies in the Media - Diversified industry, placing it in the top 30.1%.
Is Scholastic's Beneish M-Score too high?
Scholastic's current Beneish M-Score is -2.86. Based on the distribution chart, Scholastic ranks #298 out of 989 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Scholastic has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Scholastic's Beneish M-Score compare to TDAY and LEE?
According to the Media - Diversified industry distribution chart, Scholastic ranks #298 out of 989 companies for Beneish M-Score. This puts Scholastic 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Scholastic and its competitors. Scholastic'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 Scholastic stock overvalued right now?
Based on GuruFocus' analysis, Scholastic (SCHL) is currently considered Modestly Overvalued. The stock's GF Value™ is $38.59, compared to a current price of $42.89 — trading 11.1% above its estimated fair value. The current Beneish M-Score is -2.86. Scholastic's overall GF Score™ is 73/100 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 Scholastic (SCHL), 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 Scholastic (SCHL) Overvalued in 2026?

Based on GuruFocus' analysis, Scholastic stock appears to be overvalued. The current stock price of $42.89 is trading 11.1% above its estimated GF Value™ of $38.59. GuruFocus considers Scholastic to be Modestly Overvalued.

Key valuation signals for SCHL:

  • Beneish M-Score: -2.86
  • GF Value™: $38.59 vs. price of $42.89 (11.1% above fair value)
  • GF Score™: 73/100 with 9 warning signs

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


Scholastic Business Description

Address 557 Broadway, New York, NY, USA, 10012
Scholastic Corp is an American publishing and education media company that focuses on books and educational material for schools, teachers, parents, and children. It creates print, digital, and audiobooks, learning materials and programs, classroom magazines, and other products that support children's learning and reading both at home and at school. The company also owns rights to various books, including Harry Potter, Dog Man, and The Hunger Games among others. It has three reportable segments Children's Book Publishing and Distribution, Education Solutions, and International. The majority of its revenue is from the Children's Book Publishing and Distribution segment.
73GF Score

Get the complete analysis for SCHL

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

$42.89
Price
$38.59
GF Value