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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 -2.84 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Crown Castle's Beneish M-Score or its related term are showing as below:
STU:8CW'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.87 Med: -2.58 Max: 5.45
Current: -2.84
During the past 13 years, the highest Beneish M-Score of Crown Castle was 5.45. The lowest was -3.87. And the median was -2.58.
Crown Castle Beneish M-Score Related Terms
Crown Castle Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Crown Castle'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.
STU:8CW vs IRM, SBAC, WY: Beneish M-Score Comparison
For the REIT - Specialty subindustry, Crown Castle'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.
Crown Castle Beneish M-Score vs REITs Industry
For the REITs industry and Real Estate sector, Crown Castle's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Crown Castle's Beneish M-Score falls into.
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 Crown Castle 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 * 1.3509
+
0.528 * 1.0182
+
0.404 * 0.6501
+
0.892 * 0.899
+
0.115 * 1.0774
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0523
+
4.679 * -0.080906
-
0.327 * 1.1524
=
-2.81
* 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.
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.
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))
=
(654.251 / (654.251 + 10372.788))
/
(585.524 / (585.524 + 10047.1))
=
0.059332
/
0.055069
=
1.0774
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
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
=
(738.479 - -3.314
-
2252.501)
/
18672.416
=
-0.080906
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.
Crown Castle has a M-score of -2.81 suggests that the company is unlikely to be a manipulator.
Crown Castle (STU:8CW) has a Beneish M-Score of -2.84 as of Jul. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Crown Castle and its competitors. According to the industry distribution chart, Crown Castle ranks #131 out of 750 companies in the REITs industry, placing it in the top 17.5%.
Is Crown Castle's Beneish M-Score too high?
Crown Castle's current Beneish M-Score is -2.84. Based on the distribution chart, Crown Castle ranks #131 out of 750 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Crown Castle has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Crown Castle's Beneish M-Score compare to IRM and SBAC?
According to the REITs industry distribution chart, Crown Castle ranks #131 out of 750 companies for Beneish M-Score. This places Crown Castle in the top 18% 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 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 Crown Castle and its competitors. Crown Castle's current Beneish M-Score is -2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Crown Castle stock overvalued right now?
Based on GuruFocus' analysis, Crown Castle (STU:8CW) is currently considered Modestly Undervalued. The stock's GF Value™ is €78.78, compared to a current price of €65.00 — trading 17.5% below its estimated fair value. The current Beneish M-Score is -2.84. Crown Castle's overall GF Score™ is 63/100 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 Crown Castle (STU:8CW), the current Beneish M-Score is -2.84 as of Jul. 28, 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 Crown Castle (STU:8CW) Overvalued in 2026?
Based on GuruFocus' analysis, Crown Castle stock appears to be undervalued.
The current stock price of €65.00 is trading 17.5% below its estimated GF Value™ of €78.78.
GuruFocus considers Crown Castle to be Modestly Undervalued.
Key valuation signals for STU:8CW:
Beneish M-Score: -2.84
GF Value™: €78.78 vs. price of €65.00 (17.5% below fair value)
No single metric tells the full story. See the STU:8CW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Crown Castle owns or manages roughly 40,000 wireless towers in the United States. It leases space on its towers to wireless service providers, which install equipment to support their wireless networks. The company has a very concentrated customer base, with about 90% of its revenue from the Big Three US mobile carriers: Verizon, T-Mobile, and AT&T. Crown Castle has plans to divest its fiber business, which is expected to be finalized in the first half of 2026. After that, it will be a stand-alone tower operator. Crown Castle operates as a real estate investment trust.
63GF Score
Get the complete analysis for STU:8CW
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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