Bank OZK (STU:BO8) Beneish M-Score: -2.50 (As of Jun. 25, 2026)


STU:BO8 Bank OZK STU:BO8
82 GF Score
Price €44.69
GF Value €42.57
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Bank OZK Beneish M-Score?

Bank OZK STU:BO8 +0.86% 82 Beneish M-Score is -2.50 as of Jun. 25, 2026. GuruFocus rates STU:BO8 with a GF Score™ of 82/100 and a GF Value™ of €42.57 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,396 Banks companies, Bank OZK ranks better than 69.84% 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 -2.5 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

STU:BO8' s Beneish M-Score Range Over the Past 10 Years
Min: -3.46   Med: -2.32   Max: -1.54
Current: -2.5

During the past 13 years, the highest Beneish M-Score of Bank OZK was -1.54. The lowest was -3.46. And the median was -2.32.

STU:BO8
82GF Score
Bank OZK STU:BO8
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bank OZK 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 Bank OZK 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 * 0.976+0.528 * 1+0.404 * 0.9962+0.892 * 0.9687+0.115 * 1.0376
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0983+4.679 * -0.002403-0.327 * 1.0027
=-2.56

* 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 €152 Mil.
Revenue was 361.656 + 376.315 + 383.345 + 371.108 = €1,492 Mil.
Gross Profit was 361.656 + 376.315 + 383.345 + 371.108 = €1,492 Mil.
Total Current Assets was €0 Mil.
Total Assets was €36,039 Mil.
Property, Plant and Equipment(Net PPE) was €842 Mil.
Depreciation, Depletion and Amortization(DDA) was €116 Mil.
Selling, General, & Admin. Expense(SGA) was €349 Mil.
Total Current Liabilities was €0 Mil.
Long-Term Debt & Capital Lease Obligation was €704 Mil.
Net Income was 141.31 + 150.272 + 157.262 + 158.642 = €607 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = €0 Mil.
Cash Flow from Operations was 206.764 + 176.294 + 183.413 + 127.607 = €694 Mil.
 Total Receivables was €161 Mil.
Revenue was 378.541 + 393.785 + 381.126 + 387.185 = €1,541 Mil.
Gross Profit was 378.541 + 393.785 + 381.126 + 387.185 = €1,541 Mil.
Total Current Assets was €0 Mil.
Total Assets was €36,228 Mil.
Property, Plant and Equipment(Net PPE) was €710 Mil.
Depreciation, Depletion and Amortization(DDA) was €102 Mil.
Selling, General, & Admin. Expense(SGA) was €328 Mil.
Total Current Liabilities was €0 Mil.
Long-Term Debt & Capital Lease Obligation was €706 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)
=(152.452 / 1492.424) / (161.251 / 1540.637)
=0.102151 / 0.104665
=0.976

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)
=(1540.637 / 1540.637) / (1492.424 / 1492.424)
=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 + 841.858) / 36039.339) / (1 - (0 + 710.2) / 36228.009)
=0.976641 / 0.980396
=0.9962

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
=1492.424 / 1540.637
=0.9687

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))
=(101.725 / (101.725 + 710.2)) / (115.619 / (115.619 + 841.858))
=0.125289 / 0.120754
=1.0376

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)
=(348.791 / 1492.424) / (327.844 / 1540.637)
=0.233708 / 0.212798
=1.0983

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)
=((704.004 + 0) / 36039.339) / ((705.801 + 0) / 36228.009)
=0.019534 / 0.019482
=1.0027

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
=(607.486 - 0 - 694.078) / 36039.339
=-0.002403

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.

Bank OZK has a M-score of -2.56 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 -2.50 mean?
Bank OZK (STU:BO8) has a Beneish M-Score of -2.50 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bank OZK and its competitors. According to the industry distribution chart, Bank OZK ranks #421 out of 1396 companies in the Banks industry, placing it in the top 30.2%.
Is Bank OZK's Beneish M-Score too high?
Bank OZK's current Beneish M-Score is -2.50. Based on the distribution chart, Bank OZK ranks #421 out of 1396 companies in the Banks industry, which is above the industry midpoint. Overall, Bank OZK has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bank OZK's Beneish M-Score compare to ASB and AUB?
According to the Banks industry distribution chart, Bank OZK ranks #421 out of 1396 companies for Beneish M-Score. This puts Bank OZK 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Bank OZK and its competitors. Bank OZK's current Beneish M-Score is -2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank OZK stock overvalued right now?
Based on GuruFocus' analysis, Bank OZK (STU:BO8) is currently considered Fairly Valued. The stock's GF Value™ is €42.57, compared to a current price of €44.69 — trading 5% above its estimated fair value. The current Beneish M-Score is -2.50. Bank OZK's overall GF Score™ is 82/100 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 Bank OZK (STU:BO8), the current Beneish M-Score is -2.50 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 Bank OZK (STU:BO8) Overvalued in 2026?

Based on GuruFocus' analysis, Bank OZK stock appears to be overvalued. The current stock price of €44.69 is trading 5% above its estimated GF Value™ of €42.57. GuruFocus considers Bank OZK to be Fairly Valued.

Key valuation signals for STU:BO8:

  • Beneish M-Score: -2.50
  • GF Value™: €42.57 vs. price of €44.69 (5% above fair value)
  • GF Score™: 82/100 with 4 warning signs

No single metric tells the full story. See the STU:BO8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Bank OZK Business Description

Address 18000 Cantrell Road, Little Rock, AR, USA, 72223
Bank OZK is a bank holding company that owns and operates a community bank, Bank of the Ozarks. The bank operates offices in Arkansas, Georgia, Florida, North Carolina, Texas, California, New York and Mississippi. It provides banking services, including checking, savings, money market, time deposits, and individual retirement accounts, as well as loan services, such as real estate, consumer, commercial, and industrial loans. Apart from providing traditional banking products and services, it also provides trust and wealth management, financial planning, online banking, and other related services.
82GF Score

Get the complete analysis for STU:BO8

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

€44.69
Price
€42.57
GF Value