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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 -2.8 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Trinity Industries's Beneish M-Score or its related term are showing as below:
STU:TTA'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.54 Med: -2.57 Max: -1.17
Current: -2.8
During the past 13 years, the highest Beneish M-Score of Trinity Industries was -1.17. The lowest was -3.54. And the median was -2.57.
Trinity Industries Beneish M-Score Related Terms
Trinity Industries Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Trinity Industries'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:TTA vs GBX, FSTR, RAIL: Beneish M-Score Comparison
For the Railroads subindustry, Trinity Industries'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.
Trinity Industries Beneish M-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Trinity Industries's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Trinity Industries'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 Trinity Industries 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 * 1.3301
+
0.528 * 0.8353
+
0.404 * 1.048
+
0.892 * 0.6707
+
0.115 * 0.9313
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.2719
+
4.679 * -0.051081
-
0.327 * 0.9977
=
-2.83
* 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))
=
(273.348 / (273.348 + 6489.245))
/
(260.726 / (260.726 + 5746.195))
=
0.040421
/
0.043404
=
0.9313
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
=
(218.33 - 259.261
-
327.162)
/
7206.055
=
-0.051081
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.
Trinity Industries has a M-score of -2.83 suggests that the company is unlikely to be a manipulator.
Trinity Industries (STU:TTA) has a Beneish M-Score of -2.80 as of Jul. 22, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Trinity Industries and its competitors. According to the industry distribution chart, Trinity Industries ranks #286 out of 966 companies in the Transportation industry, placing it in the top 29.6%.
Is Trinity Industries' Beneish M-Score too high?
Trinity Industries' current Beneish M-Score is -2.80. Based on the distribution chart, Trinity Industries ranks #286 out of 966 companies in the Transportation industry, which is above the industry midpoint. Overall, Trinity Industries has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Trinity Industries' Beneish M-Score compare to GBX and FSTR?
According to the Transportation industry distribution chart, Trinity Industries ranks #286 out of 966 companies for Beneish M-Score. This puts Trinity Industries 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 Transportation company?
A good Beneish M-Score depends on the Transportation 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 Trinity Industries and its competitors. Trinity Industries's current Beneish M-Score is -2.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trinity Industries stock overvalued right now?
Based on GuruFocus' analysis, Trinity Industries (STU:TTA) is currently considered Significantly Overvalued. The stock's GF Value™ is €19.14, compared to a current price of €32.40 — trading 69.3% above its estimated fair value. The current Beneish M-Score is -2.80. Trinity Industries' overall GF Score™ is 76/100 with 11 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 Trinity Industries (STU:TTA), the current Beneish M-Score is -2.80 as of Jul. 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 Trinity Industries (STU:TTA) Overvalued in 2026?
Based on GuruFocus' analysis, Trinity Industries stock appears to be overvalued.
The current stock price of €32.40 is trading 69.3% above its estimated GF Value™ of €19.14.
GuruFocus considers Trinity Industries to be Significantly Overvalued.
Key valuation signals for STU:TTA:
Beneish M-Score: -2.80
GF Value™: €19.14 vs. price of €32.40 (69.3% above fair value)
No single metric tells the full story. See the STU:TTA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trinity Industries Inc sells and leases railroad products and railcar maintenance services in North America. The company operates under the name TrinityRail in two main segments: railcar leasing and management services, which owns railcars and provides fleet management and administration services; rail products, which builds, sells, and modifies freight and tank railcars and their components; and all other, which sells highway products such as guardrail and other highway barriers. Customers include railroads, leasing companies, and shipping companies in agriculture, construction, consumer products, energy, and chemicals.
76GF Score
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