SSNC (SS&C Technologies Holdings) Beneish M-Score: -2.79 (As of Jun. 25, 2026)

What is SS&C Technologies Holdings Beneish M-Score?

SS&C Technologies Holdings SSNC +0.05% 77 Beneish M-Score is -2.79 as of Jun. 25, 2026. GuruFocus rates SSNC with a GF Score™ of 77/100 and a GF Value™ of $81.87 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,633 Software companies, SS&C Technologies Holdings ranks better than 67.07% 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 -2.79 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for SS&C Technologies Holdings's Beneish M-Score or its related term are showing as below:

SSNC' s Beneish M-Score Range Over the Past 10 Years
Min: -3.15 Med: -2.36 Max: 0.89
Current: -2.79

During the past 13 years, the highest Beneish M-Score of SS&C Technologies Holdings was 0.89. The lowest was -3.15. And the median was -2.36.

SS&C Technologies Holdings Beneish M-Score Related Terms

SS&C Technologies Holdings Beneish M-Score Historical Data

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The historical data trend for SS&C Technologies 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.

SS&C Technologies Holdings Beneish M-Score Chart

SS&C Technologies Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.01

-3.03

-1.91

-2.50

-2.54

SS&C Technologies Holdings 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															-1.95	-2.18	-2.23	-2.54	-2.79

SSNC vs PTC, GRAB, FIG: Beneish M-Score Comparison

For the Software - Application subindustry, SS&C Technologies 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.

SS&C Technologies Holdings Beneish M-Score vs Software Industry

For the Software industry and Technology sector, SS&C Technologies Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where SS&C Technologies Holdings's Beneish M-Score falls into.

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77GF Score

SS&C Technologies Holdings Inc SSNC

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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SS&C Technologies 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 SS&C Technologies Holdings for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.7854

0.528 * 1.0142

0.404 * 1.0634

0.892 * 1.0746

0.115 * 0.9912

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0018

4.679 * -0.045672

0.327 * 0.9839

-2.79

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was $4,689 Mil.
Revenue was 1647.1 + 1653.5 + 1568 + 1536.8 = $6,405 Mil.
Gross Profit was 801.8 + 789.8 + 747.8 + 736.9 = $3,076 Mil.
Total Current Assets was $5,344 Mil.
Total Assets was $20,328 Mil.
Property, Plant and Equipment(Net PPE) was $499 Mil.
Depreciation, Depletion and Amortization(DDA) was $714 Mil.
Selling, General, & Admin. Expense(SGA) was $1,086 Mil.
Total Current Liabilities was $4,875 Mil.
Long-Term Debt & Capital Lease Obligation was $7,523 Mil.
Net Income was 226.1 + 193.1 + 210 + 180.8 = $810 Mil.
Non Operating Income was 10.3 + -37.1 + -7.6 + 0.5 = $-34 Mil.
Cash Flow from Operations was 299.7 + 643.5 + 456.2 + 372.9 = $1,772 Mil.

Total Receivables was $5,556 Mil.
Revenue was 1513.9 + 1529.7 + 1465.8 + 1451.5 = $5,961 Mil.
Gross Profit was 747.1 + 753.9 + 704.2 + 698.3 = $2,904 Mil.
Total Current Assets was $6,242 Mil.
Total Assets was $20,405 Mil.
Property, Plant and Equipment(Net PPE) was $489 Mil.
Depreciation, Depletion and Amortization(DDA) was $685 Mil.
Selling, General, & Admin. Expense(SGA) was $1,009 Mil.
Total Current Liabilities was $5,638 Mil.
Long-Term Debt & Capital Lease Obligation was $7,011 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)
	=	(4688.8 / 6405.4)	/	(5555.5 / 5960.9)
	=	0.732007	/	0.93199
	=	0.7854

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)
	=	(2903.5 / 5960.9)	/	(3076.3 / 6405.4)
	=	0.487091	/	0.480267
	=	1.0142

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 - (5343.6 + 498.9) / 20327.7)	/	(1 - (6241.9 + 489.2) / 20404.9)
	=	0.712584	/	0.670123
	=	1.0634

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
	=	6405.4	/	5960.9
	=	1.0746

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))
	=	(685.4 / (685.4 + 489.2))	/	(714 / (714 + 498.9))
	=	0.583518	/	0.588672
	=	0.9912

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)
	=	(1086.3 / 6405.4)	/	(1009.1 / 5960.9)
	=	0.169591	/	0.169287
	=	1.0018

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)
	=	((7523.4 + 4875.2) / 20327.7)	/	((7010.8 + 5638) / 20404.9)
	=	0.609936	/	0.61989
	=	0.9839

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
	=	(810 - -33.9	-	1772.3)	/	20327.7
	=	-0.045672

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.

SS&C Technologies Holdings has a M-score of -2.79 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 -2.79 mean?

SS&C Technologies Holdings (SSNC) has a Beneish M-Score of -2.79 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on SS&C Technologies Holdings and its competitors. According to the industry distribution chart, SS&C Technologies Holdings ranks #867 out of 2633 companies in the Software industry, placing it in the top 32.9%.

Is SS&C Technologies Holdings' Beneish M-Score too high?

SS&C Technologies Holdings' current Beneish M-Score is -2.79. Based on the distribution chart, SS&C Technologies Holdings ranks #867 out of 2633 companies in the Software industry, which is above the industry midpoint. Overall, SS&C Technologies Holdings has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does SS&C Technologies Holdings' Beneish M-Score compare to PTC and GRAB?

According to the Software industry distribution chart, SS&C Technologies Holdings ranks #867 out of 2633 companies for Beneish M-Score. This puts SS&C Technologies Holdings 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 SS&C Technologies Holdings and its competitors. SS&C Technologies Holdings's current Beneish M-Score is -2.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is SS&C Technologies Holdings stock overvalued right now?

Based on GuruFocus' analysis, SS&C Technologies Holdings (SSNC) is currently considered Modestly Undervalued. The stock's GF Value™ is $81.87, compared to a current price of $66.00 — trading 19.4% below its estimated fair value. The current Beneish M-Score is -2.79. SS&C Technologies Holdings' overall GF Score™ is 77/100 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 SS&C Technologies Holdings (SSNC), the current Beneish M-Score is -2.79 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 SS&C Technologies Holdings (SSNC) Overvalued in 2026?

Based on GuruFocus' analysis, SS&C Technologies Holdings stock appears to be undervalued. The current stock price of $66.00 is trading 19.4% below its estimated GF Value™ of $81.87. GuruFocus considers SS&C Technologies Holdings to be Modestly Undervalued.

Key valuation signals for SSNC:

Beneish M-Score: -2.79
GF Value™: $81.87 vs. price of $66.00 (19.4% below fair value)
GF Score™: 77/100 with 3 warning signs

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

SS&C Technologies Holdings Business Description

Industry Technology Software

Comparable Companies PTC GRAB FIG U GWRE TYL DT HUBS DOCU BSY XTER:SAP CRM SHOP UBER NOW ADBE CDNS INTU ADP SNOW

Other Exchanges SSNC:Mexico 0L1G:UK WGSA:Germany

Address 80 Lamberton Road, Windsor, CT, USA, 06095

Website https://www.ssctech.com

SS&C Technologies provides software products and software-enabled services to a variety of customers primarily in financial services. Acquisitions are a large part of SS&C's history. SS&C GlobeOp provides fund administration services to alternative and traditional asset managers. In addition, SS&C provides portfolio accounting, portfolio management, trading, banking/lending, and other software to asset managers, banks, and financial advisors. SS&C's purchase of Intralinks makes it a leading player in virtual deal room solutions. With its 2018 purchase of DST Systems, SS&C gained a foothold in the healthcare industry with pharmacy health management solutions and medical claim administration services. In 2022, SS&C acquired robotic process automation software firm Blue Prism.

77GF Score

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$66.00

Price

$81.87

GF Value

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