Rithm Capital (STU:14N1) Beneish M-Score: -2.13 (As of Jul. 23, 2026)

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STU:14N1 Rithm Capital Corp STU:14N1
49 GF Score
Price €8.02
GF Value €8.98
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Rithm Capital Beneish M-Score?

Rithm Capital STU:14N1 -0.25% 49 Beneish M-Score is -2.13 as of Jul. 23, 2026. GuruFocus rates STU:14N1 with a GF Score™ of 49/100 and a GF Value™ of €8.98 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 754 REITs companies, Rithm Capital ranks worse than 74.93% 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 -2.13 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

STU:14N1' s Beneish M-Score Range Over the Past 10 Years
Min: -3.62   Med: -2.14   Max: -0.58
Current: -2.13

During the past 13 years, the highest Beneish M-Score of Rithm Capital was -0.58. The lowest was -3.62. And the median was -2.14.

STU:14N1
49GF Score
Rithm Capital Corp STU:14N1
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rithm Capital 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 Rithm Capital 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 * 0.8942+0.528 * 1+0.404 * 1.0004+0.892 * 1.0895+0.115 * 0.8239
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0123+4.679 * 0.061809-0.327 * 0.9259
=-2.21

* 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 €3,640 Mil.
Revenue was 771.397 + 769.602 + 602.572 + 662.518 = €2,806 Mil.
Gross Profit was 771.397 + 769.602 + 602.572 + 662.518 = €2,806 Mil.
Total Current Assets was €0 Mil.
Total Assets was €46,169 Mil.
Property, Plant and Equipment(Net PPE) was €165 Mil.
Depreciation, Depletion and Amortization(DDA) was €151 Mil.
Selling, General, & Admin. Expense(SGA) was €1,510 Mil.
Total Current Liabilities was €0 Mil.
Long-Term Debt & Capital Lease Obligation was €30,574 Mil.
Net Income was 88.816 + 72.582 + 188.75 + 270.259 = €620 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = €0 Mil.
Cash Flow from Operations was 87.094 + -97.852 + -1739.492 + -482.988 = €-2,233 Mil.
 Total Receivables was €3,736 Mil.
Revenue was 455.988 + 996.988 + 438.4 + 684.113 = €2,575 Mil.
Gross Profit was 455.988 + 996.988 + 438.4 + 684.113 = €2,575 Mil.
Total Current Assets was €0 Mil.
Total Assets was €41,930 Mil.
Property, Plant and Equipment(Net PPE) was €166 Mil.
Depreciation, Depletion and Amortization(DDA) was €108 Mil.
Selling, General, & Admin. Expense(SGA) was €1,369 Mil.
Total Current Liabilities was €0 Mil.
Long-Term Debt & Capital Lease Obligation was €29,991 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)
=(3639.772 / 2806.089) / (3736.032 / 2575.489)
=1.297098 / 1.450611
=0.8942

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)
=(2575.489 / 2575.489) / (2806.089 / 2806.089)
=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 + 165.339) / 46168.981) / (1 - (0 + 166.457) / 41930.105)
=0.996419 / 0.99603
=1.0004

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
=2806.089 / 2575.489
=1.0895

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))
=(108.021 / (108.021 + 166.457)) / (151.204 / (151.204 + 165.339))
=0.393551 / 0.477673
=0.8239

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)
=(1510.157 / 2806.089) / (1369.156 / 2575.489)
=0.538171 / 0.53161
=1.0123

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)
=((30574.402 + 0) / 46168.981) / ((29990.988 + 0) / 41930.105)
=0.662228 / 0.715261
=0.9259

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
=(620.407 - 0 - -2233.238) / 46168.981
=0.061809

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.

Rithm Capital has a M-score of -2.21 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 -2.13 mean?
Rithm Capital (STU:14N1) has a Beneish M-Score of -2.13 as of Jul. 23, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Rithm Capital and its competitors. According to the industry distribution chart, Rithm Capital ranks #565 out of 754 companies in the REITs industry, placing it in the top 74.9%.
Is Rithm Capital's Beneish M-Score too high?
Rithm Capital's current Beneish M-Score is -2.13. Based on the distribution chart, Rithm Capital ranks #565 out of 754 companies in the REITs industry, which is below the industry midpoint. Overall, Rithm Capital has a GF Score™ of 49/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rithm Capital's Beneish M-Score compare to STWD and BXMT?
According to the REITs industry distribution chart, Rithm Capital ranks #565 out of 754 companies for Beneish M-Score. This places Rithm Capital 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 REITs company?
A good Beneish M-Score depends on the REITs 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 Rithm Capital and its competitors. Rithm Capital's current Beneish M-Score is -2.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rithm Capital stock overvalued right now?
Based on GuruFocus' analysis, Rithm Capital (STU:14N1) is currently considered Modestly Undervalued. The stock's GF Value™ is €8.98, compared to a current price of €8.02 — trading 10.7% below its estimated fair value. The current Beneish M-Score is -2.13. Rithm Capital's overall GF Score™ is 49/100 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 Rithm Capital (STU:14N1), the current Beneish M-Score is -2.13 as of Jul. 23, 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 Rithm Capital (STU:14N1) Overvalued in 2026?

Based on GuruFocus' analysis, Rithm Capital stock appears to be undervalued. The current stock price of €8.02 is trading 10.7% below its estimated GF Value™ of €8.98. GuruFocus considers Rithm Capital to be Modestly Undervalued.

Key valuation signals for STU:14N1:

  • Beneish M-Score: -2.13
  • GF Value™: €8.98 vs. price of €8.02 (10.7% below fair value)
  • GF Score™: 49/100 with 6 warning signs

No single metric tells the full story. See the STU:14N1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Rithm Capital Business Description

Industry Real EstateREITs
Address 799 Broadway, New York, NY, USA, 10003
Rithm Capital Corp operates as a real estate investment trust that provides capital and services to the real estate and financial services industries. The company aims to generate attractive risk-adjusted returns in all interest-rate environments through a complementary portfolio of investments and operating businesses. Its investment portfolio is composed of mortgage servicing-related assets (full and excess MSRs and servicer advances), residential securities (and associated call rights), loans (including single-family rental), and consumer loans. Its operating segments are Origination and Servicing; Investment Portfolio; Residential Transitional Lending; and Asset Management.
49GF Score

Get the complete analysis for STU:14N1

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

€8.02
Price
€8.98
GF Value