Realtyome (STU:RY6) Beneish M-Score: -2.27 (As of Jun. 25, 2026)


STU:RY6 Realty Income Corp STU:RY6
83 GF Score
Price €54.65
GF Value €53.21
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Realtyome Beneish M-Score?

Realtyome STU:RY6 +1.11% 83 Beneish M-Score is -2.27 as of Jun. 25, 2026. GuruFocus rates STU:RY6 with a GF Score™ of 83/100 and a GF Value™ of €53.21 (Fairly Valued). The stock has 8 warning signs investors should review. Among 765 REITs companies, Realtyome ranks worse than 67.32% 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 -2.27 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

STU:RY6' s Beneish M-Score Range Over the Past 10 Years
Min: -2.62   Med: -2.25   Max: -1.64
Current: -2.27

During the past 13 years, the highest Beneish M-Score of Realtyome was -1.64. The lowest was -2.62. And the median was -2.25.


Realtyome Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Realtyome'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.

Realtyome Beneish M-Score Chart

Realtyome 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 -1.82 -1.89 -2.05 -2.38 -2.41

Realtyome 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 -2.35 -2.38 -2.30 -2.41 -2.27

STU:RY6 vs SPG, KIM, REG: Beneish M-Score Comparison

For the REIT - Retail subindustry, Realtyome'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.


Realtyome Beneish M-Score vs REITs Industry

For the REITs industry and Real Estate sector, Realtyome's Beneish M-Score distribution charts can be found below:

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


STU:RY6
83GF Score
Realty Income Corp STU:RY6
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Realtyome 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 Realtyome 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 * 1.375+0.528 * 1.0014+0.404 * 0.9758+0.892 * 1.0124+0.115 * 0.9952
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1035+4.679 * -0.035529-0.327 * 1.0289
=-2.33

* 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 €4,737 Mil.
Revenue was 1251.211 + 1459.346 + 1182.262 + 1160.992 = €5,054 Mil.
Gross Profit was 1150.142 + 1367.049 + 1091.421 + 1067.857 = €4,676 Mil.
Total Current Assets was €5,398 Mil.
Total Assets was €64,490 Mil.
Property, Plant and Equipment(Net PPE) was €1,209 Mil.
Depreciation, Depletion and Amortization(DDA) was €2,188 Mil.
Selling, General, & Admin. Expense(SGA) was €187 Mil.
Total Current Liabilities was €3,258 Mil.
Long-Term Debt & Capital Lease Obligation was €24,103 Mil.
Net Income was 269.678 + 252.857 + 269.037 + 170.729 = €962 Mil.
Non Operating Income was -54.233 + -92.92 + -23.443 + -83.142 = €-254 Mil.
Cash Flow from Operations was 756.444 + 1027.733 + 803.551 + 919.6 = €3,507 Mil.
Total Receivables was €3,403 Mil.
Revenue was 1214.649 + 1437.085 + 1145.97 + 1194.242 = €4,992 Mil.
Gross Profit was 1115.969 + 1345.11 + 1062.939 + 1101.48 = €4,625 Mil.
Total Current Assets was €3,914 Mil.
Total Assets was €64,526 Mil.
Property, Plant and Equipment(Net PPE) was €1,259 Mil.
Depreciation, Depletion and Amortization(DDA) was €2,248 Mil.
Selling, General, & Admin. Expense(SGA) was €167 Mil.
Total Current Liabilities was €2,706 Mil.
Long-Term Debt & Capital Lease Obligation was €23,901 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)
=(4737.054 / 5053.811) / (3402.907 / 4991.946)
=0.937323 / 0.681679
=1.375

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)
=(4625.498 / 4991.946) / (4676.469 / 5053.811)
=0.926592 / 0.925335
=1.0014

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 - (5397.63 + 1208.817) / 64489.819) / (1 - (3914.12 + 1258.747) / 64525.869)
=0.897558 / 0.919833
=0.9758

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
=5053.811 / 4991.946
=1.0124

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))
=(2247.918 / (2247.918 + 1258.747)) / (2187.982 / (2187.982 + 1208.817))
=0.641042 / 0.644131
=0.9952

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)
=(186.834 / 5053.811) / (167.239 / 4991.946)
=0.036969 / 0.033502
=1.1035

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)
=((24103.22 + 3257.813) / 64489.819) / ((23901.443 + 2705.736) / 64525.869)
=0.424269 / 0.412349
=1.0289

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
=(962.301 - -253.738 - 3507.328) / 64489.819
=-0.035529

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.

Realtyome has a M-score of -2.33 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 -2.27 mean?
Realtyome (STU:RY6) has a Beneish M-Score of -2.27 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Realtyome and its competitors. According to the industry distribution chart, Realtyome ranks #515 out of 765 companies in the REITs industry, placing it in the top 67.3%.
Is Realtyome's Beneish M-Score too high?
Realtyome's current Beneish M-Score is -2.27. Based on the distribution chart, Realtyome ranks #515 out of 765 companies in the REITs industry, which is below the industry midpoint. Overall, Realtyome has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Realtyome's Beneish M-Score compare to SPG and KIM?
According to the REITs industry distribution chart, Realtyome ranks #515 out of 765 companies for Beneish M-Score. This places Realtyome 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 Realtyome and its competitors. Realtyome's current Beneish M-Score is -2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Realtyome stock overvalued right now?
Based on GuruFocus' analysis, Realtyome (STU:RY6) is currently considered Fairly Valued. The stock's GF Value™ is €53.21, compared to a current price of €54.65 — trading 2.7% above its estimated fair value. The current Beneish M-Score is -2.27. Realtyome's overall GF Score™ is 83/100 with 8 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 Realtyome (STU:RY6), the current Beneish M-Score is -2.27 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 Realtyome (STU:RY6) Overvalued in 2026?

Based on GuruFocus' analysis, Realtyome stock appears to be overvalued. The current stock price of €54.65 is trading 2.7% above its estimated GF Value™ of €53.21. GuruFocus considers Realtyome to be Fairly Valued.

Key valuation signals for STU:RY6:

  • Beneish M-Score: -2.27
  • GF Value™: €53.21 vs. price of €54.65 (2.7% above fair value)
  • GF Score™: 83/100 with 8 warning signs

No single metric tells the full story. See the STU:RY6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Realtyome Business Description

Industry Real EstateREITs
Address 11995 El Camino Real, San Diego, CA, USA, 92130
Realty Income owns roughly 15,500 properties, most of which are freestanding, single-tenant, triple-net-leased retail properties. Its properties are located in 49 states and Puerto Rico and are leased to 250 tenants from 47 industries. Recent acquisitions have added industrial, gaming, office, manufacturing, and distribution properties, which make up roughly 20% of revenue.
83GF Score

Get the complete analysis for STU:RY6

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

€54.65
Price
€53.21
GF Value