Vestis (STU:6TS) Beneish M-Score: -2.91 (As of Aug. 22, 2026)

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STU:6TS Vestis Corp STU:6TS
48 GF Score
Price €10.70
GF Value €9.71
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Vestis Beneish M-Score?

Vestis STU:6TS -1.83% 48 Beneish M-Score is -2.91 as of Aug. 22, 2026. GuruFocus rates STU:6TS with a GF Score™ of 48/100 and a GF Value™ of €9.71 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,017 Business Services companies, Vestis ranks better than 76.3% 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 -2.91 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

STU:6TS' s Beneish M-Score Range Over the Past 10 Years
Min: -3.66   Med: -2.88   Max: -2.67
Current: -2.91

During the past 6 years, the highest Beneish M-Score of Vestis was -2.67. The lowest was -3.66. And the median was -2.88.


Vestis Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Vestis'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.

Vestis Beneish M-Score Chart

Vestis Annual Data
Trend Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 0.00 -3.66 -2.67

Vestis Quarterly Data
Sep21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -3.52 -2.67 -2.84 -2.75 -2.91

STU:6TS vs LIME, PRG, WLFC: Beneish M-Score Comparison

For the Rental & Leasing Services subindustry, Vestis'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.


Vestis Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Vestis's Beneish M-Score distribution charts can be found below:

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


STU:6TS
48GF Score
Vestis Corp STU:6TS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vestis 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 Vestis 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 * 0.8672+0.528 * 1.0431+0.404 * 0.9706+0.892 * 0.9388+0.115 * 1.0697
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9076+4.679 * -0.064438-0.327 * 0.9514
=-2.91

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was €124 Mil.
Revenue was 574.323 + 570.413 + 566.533 + 606.633 = €2,318 Mil.
Gross Profit was 160.922 + 150.238 + 146.18 + 152.39 = €610 Mil.
Total Current Assets was €722 Mil.
Total Assets was €2,457 Mil.
Property, Plant and Equipment(Net PPE) was €629 Mil.
Depreciation, Depletion and Amortization(DDA) was €118 Mil.
Selling, General, & Admin. Expense(SGA) was €407 Mil.
Total Current Liabilities was €333 Mil.
Long-Term Debt & Capital Lease Obligation was €1,113 Mil.
Net Income was 9.588 + 2.246 + -5.458 + -10.692 = €-4 Mil.
Non Operating Income was -2.418 + -2.771 + -2.516 + -3.581 = €-11 Mil.
Cash Flow from Operations was 56.364 + 50.387 + 32.185 + 26.35 = €165 Mil.
Total Receivables was €152 Mil.
Revenue was 584.184 + 615.355 + 653.01 + 616.537 = €2,469 Mil.
Gross Profit was 157.896 + 162.114 + 180.037 + 177.466 = €678 Mil.
Total Current Assets was €711 Mil.
Total Assets was €2,521 Mil.
Property, Plant and Equipment(Net PPE) was €641 Mil.
Depreciation, Depletion and Amortization(DDA) was €130 Mil.
Selling, General, & Admin. Expense(SGA) was €477 Mil.
Total Current Liabilities was €387 Mil.
Long-Term Debt & Capital Lease Obligation was €1,174 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)
=(124.082 / 2317.902) / (152.409 / 2469.086)
=0.053532 / 0.061727
=0.8672

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)
=(677.513 / 2469.086) / (609.73 / 2317.902)
=0.274398 / 0.263053
=1.0431

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 - (721.868 + 629.279) / 2456.872) / (1 - (711.462 + 640.742) / 2521.315)
=0.450054 / 0.463691
=0.9706

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
=2317.902 / 2469.086
=0.9388

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))
=(130.473 / (130.473 + 640.742)) / (118.22 / (118.22 + 629.279))
=0.169179 / 0.158154
=1.0697

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)
=(406.825 / 2317.902) / (477.467 / 2469.086)
=0.175514 / 0.193378
=0.9076

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)
=((1113.256 + 333.285) / 2456.872) / ((1173.667 + 386.566) / 2521.315)
=0.588773 / 0.618817
=0.9514

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
=(-4.316 - -11.286 - 165.286) / 2456.872
=-0.064438

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.

Vestis has a M-score of -2.91 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 -2.91 mean?
Vestis (STU:6TS) has a Beneish M-Score of -2.91 as of Aug. 22, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Vestis and its competitors. According to the industry distribution chart, Vestis ranks #241 out of 1017 companies in the Business Services industry, placing it in the top 23.7%.
Is Vestis' Beneish M-Score too high?
Vestis' current Beneish M-Score is -2.91. Based on the distribution chart, Vestis ranks #241 out of 1017 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Vestis has a GF Score™ of 48/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vestis' Beneish M-Score compare to LIME and PRG?
According to the Business Services industry distribution chart, Vestis ranks #241 out of 1017 companies for Beneish M-Score. This places Vestis in the top 24% of its industry — outperforming the majority of peers. 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 Business Services company?
A good Beneish M-Score depends on the Business Services 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 Vestis and its competitors. Vestis's current Beneish M-Score is -2.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vestis stock overvalued right now?
Based on GuruFocus' analysis, Vestis (STU:6TS) is currently considered Fairly Valued. The stock's GF Value™ is €9.71, compared to a current price of €10.70 — trading 10.2% above its estimated fair value. The current Beneish M-Score is -2.91. Vestis' overall GF Score™ is 48/100 with 4 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 Vestis (STU:6TS), the current Beneish M-Score is -2.91 as of Aug. 22, 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 Vestis (STU:6TS) Overvalued in 2026?

Based on GuruFocus' analysis, Vestis stock appears to be overvalued. The current stock price of €10.70 is trading 10.2% above its estimated GF Value™ of €9.71. GuruFocus considers Vestis to be Fairly Valued.

Key valuation signals for STU:6TS:

  • Beneish M-Score: -2.91
  • GF Value™: €9.71 vs. price of €10.70 (10.2% above fair value)
  • GF Score™: 48/100 with 4 warning signs

No single metric tells the full story. See the STU:6TS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vestis Business Description

Other Exchanges VSTS:USAVSTS:Mexico
Address 1035 Alpharetta Street, Suite 2100, Roswell, GA, USA, 30075
Vestis Corp is a provider of uniform rentals and workplace supplies across the United States and Canada. It provides uniforms, mats, towels, linens, restroom supplies, first-aid supplies, safety products, and other workplace supplies. The Company serves customers ranging from small, family-owned operations with a single location to large corporations and national franchises with multiple locations. The company operates in the United States and Canada as reportable segments. The company earns the majority of its revenue from the United States.
48GF Score

Get the complete analysis for STU:6TS

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

€10.70
Price
€9.71
GF Value