TruBridge (STU:PS1) Beneish M-Score: -3.04 (As of Jun. 26, 2026)


STU:PS1 TruBridge Inc STU:PS1
74 GF Score
Price €22.80
GF Value €16.71
! 6 Warning Signs
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What is TruBridge Beneish M-Score?

TruBridge STU:PS1 -0.87% 74 Beneish M-Score is -3.04 as of Jun. 26, 2026. GuruFocus rates STU:PS1 with a GF Score™ of 74/100 and a GF Value™ of €16.71. The stock has 6 warning signs investors should review. Among 633 Healthcare Providers & Services companies, TruBridge ranks better than 79.78% 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 -3.04 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

STU:PS1' s Beneish M-Score Range Over the Past 10 Years
Min: -3.31   Med: -2.72   Max: 12.62
Current: -3.04

During the past 13 years, the highest Beneish M-Score of TruBridge was 12.62. The lowest was -3.31. And the median was -2.72.


TruBridge Beneish M-Score Historical Data

* Premium members only.

The historical data trend for TruBridge'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.

TruBridge Beneish M-Score Chart

TruBridge Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.92 -2.40 -2.70 -3.16 -2.83

TruBridge 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 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 Premium Member Only Premium Member Only -3.31 -3.10 -2.93 -2.83 -3.04

STU:PS1 vs SOPH, CTEV, SLP: Beneish M-Score Comparison

For the Health Information Services subindustry, TruBridge'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.


TruBridge Beneish M-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, TruBridge's Beneish M-Score distribution charts can be found below:

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


STU:PS1
74GF Score
TruBridge Inc STU:PS1
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TruBridge 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 TruBridge 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 * 0.9053+0.528 * 0.9723+0.404 * 0.9346+0.892 * 0.928+0.115 * 1.0891
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0782+4.679 * -0.091796-0.327 * 0.982
=-3.10

* 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 €45.9 Mil.
Revenue was 74.624 + 74.975 + 73.362 + 74.327 = €297.3 Mil.
Gross Profit was 41.453 + 40.693 + 37.537 + 38.546 = €158.2 Mil.
Total Current Assets was €94.9 Mil.
Total Assets was €352.5 Mil.
Property, Plant and Equipment(Net PPE) was €6.6 Mil.
Depreciation, Depletion and Amortization(DDA) was €23.0 Mil.
Selling, General, & Admin. Expense(SGA) was €94.5 Mil.
Total Current Liabilities was €53.2 Mil.
Long-Term Debt & Capital Lease Obligation was €141.4 Mil.
Net Income was 0.438 + -3.661 + 4.773 + 2.237 = €3.8 Mil.
Non Operating Income was 0.133 + -4.452 + 0.245 + 0.118 = €-4.0 Mil.
Cash Flow from Operations was 13.366 + 7.566 + 11.579 + 7.592 = €40.1 Mil.
Total Receivables was €54.6 Mil.
Revenue was 80.667 + 83.838 + 76.315 + 79.522 = €320.3 Mil.
Gross Profit was 44.118 + 44.256 + 38.14 + 39.258 = €165.8 Mil.
Total Current Assets was €80.8 Mil.
Total Assets was €359.7 Mil.
Property, Plant and Equipment(Net PPE) was €4.8 Mil.
Depreciation, Depletion and Amortization(DDA) was €26.6 Mil.
Selling, General, & Admin. Expense(SGA) was €94.4 Mil.
Total Current Liabilities was €47.8 Mil.
Long-Term Debt & Capital Lease Obligation was €154.4 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)
=(45.863 / 297.288) / (54.59 / 320.342)
=0.154271 / 0.170412
=0.9053

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)
=(165.772 / 320.342) / (158.229 / 297.288)
=0.517484 / 0.532241
=0.9723

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 - (94.893 + 6.582) / 352.521) / (1 - (80.784 + 4.826) / 359.679)
=0.712145 / 0.761982
=0.9346

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
=297.288 / 320.342
=0.928

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))
=(26.631 / (26.631 + 4.826)) / (22.978 / (22.978 + 6.582))
=0.846584 / 0.777334
=1.0891

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)
=(94.456 / 297.288) / (94.396 / 320.342)
=0.317726 / 0.294673
=1.0782

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)
=((141.413 + 53.198) / 352.521) / ((154.396 + 47.807) / 359.679)
=0.552055 / 0.562176
=0.982

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
=(3.787 - -3.956 - 40.103) / 352.521
=-0.091796

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.

TruBridge has a M-score of -3.10 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 -3.04 mean?
TruBridge (STU:PS1) has a Beneish M-Score of -3.04 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on TruBridge and its competitors. According to the industry distribution chart, TruBridge ranks #128 out of 633 companies in the Healthcare Providers & Services industry, placing it in the top 20.2%.
Is TruBridge's Beneish M-Score too high?
TruBridge's current Beneish M-Score is -3.04. Based on the distribution chart, TruBridge ranks #128 out of 633 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, TruBridge has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does TruBridge's Beneish M-Score compare to SOPH and CTEV?
According to the Healthcare Providers & Services industry distribution chart, TruBridge ranks #128 out of 633 companies for Beneish M-Score. This places TruBridge in the top 20% 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 Healthcare Providers & Services company?
A good Beneish M-Score depends on the Healthcare Providers & 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 TruBridge and its competitors. TruBridge's current Beneish M-Score is -3.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TruBridge stock overvalued right now?
TruBridge (STU:PS1) has a current Beneish M-Score of -3.04. The stock's GF Value™ is €16.71, compared to a current price of €22.80 — trading 36.4% above its estimated fair value. The current Beneish M-Score is -3.04. TruBridge's overall GF Score™ is 74/100 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 TruBridge (STU:PS1), the current Beneish M-Score is -3.04 as of Jun. 26, 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 TruBridge (STU:PS1) Overvalued in 2026?

Based on GuruFocus' analysis, TruBridge stock appears to be overvalued. The current stock price of €22.80 is trading 36.4% above its estimated GF Value™ of €16.71.

Key valuation signals for STU:PS1:

  • Beneish M-Score: -3.04
  • GF Value™: €16.71 vs. price of €22.80 (36.4% above fair value)
  • GF Score™: 74/100 with 6 warning signs

No single metric tells the full story. See the STU:PS1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TruBridge Business Description

Other Exchanges TBRG:USAPS1:Germany
Address 54 Street Emanuel Street, Mobile, AL, USA, 36602
TruBridge Inc is a provider of healthcare solutions and services for community hospitals, clinics, and other healthcare systems. It provides services such as Electronic health records & information systems, revenue cycle management, population health, and data management, etc. The Company operates its business in two operating segments, which are: Financial Health and Patient Care. The Financial Health segment generating key revenue focuses on providing business management, consulting, and managed IT services, along with a complete RCM solution for all care settings, regardless of their primary healthcare information solutions providers. The Patient Care segment provides comprehensive acute care EHR solutions and related services for community hospitals and their physician clinics.
74GF Score

Get the complete analysis for STU:PS1

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

€22.80
Price
€16.71
GF Value