TKO (TKO Group Holdings) Beneish M-Score: -2.84 (As of Jun. 26, 2026)


TKO TKO Group Holdings Inc TKO
60 GF Score
Price $203.80
GF Value $131.79
Valuation Significantly Overvalued
! 8 Warning Signs
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What is TKO Group Holdings Beneish M-Score?

TKO Group Holdings TKO +0.14% 60 Beneish M-Score is -2.84 as of Jun. 26, 2026. GuruFocus rates TKO with a GF Score™ of 60/100 and a GF Value™ of $131.79 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 989 Media - Diversified companies, TKO Group Holdings ranks better than 68.66% 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 -2.84 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TKO' s Beneish M-Score Range Over the Past 10 Years
Min: -2.84   Med: -1.15   Max: 0.3
Current: -2.84

During the past 6 years, the highest Beneish M-Score of TKO Group Holdings was 0.30. The lowest was -2.84. And the median was -1.15.


TKO Group Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for TKO Group Holdings'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.

TKO Group Holdings Beneish M-Score Chart

TKO Group Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 -0.77 -1.22 -2.76

TKO Group Holdings Quarterly Data
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 -1.07 -1.62 -1.35 -2.76 -2.84

TKO vs NWSA, WMG, PSKY: Beneish M-Score Comparison

For the Entertainment subindustry, TKO Group Holdings'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.


TKO Group Holdings Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, TKO Group Holdings's Beneish M-Score distribution charts can be found below:

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


TKO
60GF Score
TKO Group Holdings Inc TKO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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TKO Group Holdings 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 TKO Group Holdings 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 * 1.4557+0.528 * 0.8044+0.404 * 0.9055+0.892 * 1.0269+0.115 * 0.898
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0153+4.679 * -0.098487-0.327 * 1.567
=-2.84

* 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 $833 Mil.
Revenue was 1596.876 + 1037.995 + 1119.914 + 1308.442 = $5,063 Mil.
Gross Profit was 862.519 + 618.494 + 680.261 + 832.059 = $2,993 Mil.
Total Current Assets was $2,935 Mil.
Total Assets was $16,023 Mil.
Property, Plant and Equipment(Net PPE) was $942 Mil.
Depreciation, Depletion and Amortization(DDA) was $555 Mil.
Selling, General, & Admin. Expense(SGA) was $1,529 Mil.
Total Current Liabilities was $2,192 Mil.
Long-Term Debt & Capital Lease Obligation was $4,874 Mil.
Net Income was 89.351 + -2.375 + 41.005 + 98.365 = $226 Mil.
Non Operating Income was 4.226 + -6.261 + -3.182 + -7.839 = $-13 Mil.
Cash Flow from Operations was 694.541 + 309.905 + 416.775 + 396.221 = $1,817 Mil.
Total Receivables was $558 Mil.
Revenue was 1268.8 + 927.919 + 1540.683 + 1193.191 = $4,931 Mil.
Gross Profit was 701.184 + 512.514 + 529.115 + 601.953 = $2,345 Mil.
Total Current Assets was $1,519 Mil.
Total Assets was $15,010 Mil.
Property, Plant and Equipment(Net PPE) was $925 Mil.
Depreciation, Depletion and Amortization(DDA) was $462 Mil.
Selling, General, & Admin. Expense(SGA) was $1,466 Mil.
Total Current Liabilities was $1,219 Mil.
Long-Term Debt & Capital Lease Obligation was $3,005 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)
=(833.42 / 5063.227) / (557.523 / 4930.593)
=0.164603 / 0.113074
=1.4557

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)
=(2344.766 / 4930.593) / (2993.333 / 5063.227)
=0.475555 / 0.591191
=0.8044

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 - (2934.771 + 941.615) / 16022.802) / (1 - (1519.228 + 924.929) / 15010.07)
=0.758071 / 0.837166
=0.9055

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
=5063.227 / 4930.593
=1.0269

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))
=(461.828 / (461.828 + 924.929)) / (555.015 / (555.015 + 941.615))
=0.333027 / 0.370843
=0.898

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)
=(1528.946 / 5063.227) / (1466.485 / 4930.593)
=0.301971 / 0.297426
=1.0153

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)
=((4873.663 + 2192.046) / 16022.802) / ((3004.75 + 1219.3) / 15010.07)
=0.440978 / 0.281414
=1.567

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
=(226.346 - -13.056 - 1817.442) / 16022.802
=-0.098487

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.

TKO Group Holdings has a M-score of -2.84 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 -2.84 mean?
TKO Group Holdings (TKO) has a Beneish M-Score of -2.84 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on TKO Group Holdings and its competitors. According to the industry distribution chart, TKO Group Holdings ranks #310 out of 989 companies in the Media - Diversified industry, placing it in the top 31.3%.
Is TKO Group Holdings' Beneish M-Score too high?
TKO Group Holdings' current Beneish M-Score is -2.84. Based on the distribution chart, TKO Group Holdings ranks #310 out of 989 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, TKO Group Holdings has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TKO Group Holdings' Beneish M-Score compare to NWSA and WMG?
According to the Media - Diversified industry distribution chart, TKO Group Holdings ranks #310 out of 989 companies for Beneish M-Score. This puts TKO Group Holdings 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 TKO Group Holdings and its competitors. TKO Group Holdings'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 TKO Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, TKO Group Holdings (TKO) is currently considered Significantly Overvalued. The stock's GF Value™ is $131.79, compared to a current price of $203.80 — trading 54.6% above its estimated fair value. The current Beneish M-Score is -2.84. TKO Group Holdings' overall GF Score™ is 60/100 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 TKO Group Holdings (TKO), the current Beneish M-Score is -2.84 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 TKO Group Holdings (TKO) Overvalued in 2026?

Based on GuruFocus' analysis, TKO Group Holdings stock appears to be overvalued. The current stock price of $203.80 is trading 54.6% above its estimated GF Value™ of $131.79. GuruFocus considers TKO Group Holdings to be Significantly Overvalued.

Key valuation signals for TKO:

  • Beneish M-Score: -2.84
  • GF Value™: $131.79 vs. price of $203.80 (54.6% above fair value)
  • GF Score™: 60/100 with 8 warning signs

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


TKO Group Holdings Business Description

Other Exchanges TKO:Mexico
Address 200 fifth Avenue, 7th Floor, New York, NY, USA, 10010
TKO Group Holdings Inc is a sports and sports entertainment company that operates combat sports and sports entertainment companies. It owns and manages valuable sports and entertainment intellectual property. The company distributes content and monetizes its intellectual property through four activities: Media rights, production, and content, Live events and hospitality, Partnerships and marketing and Consumer products licensing, The company has two reportable segments, UFC and WWE. The company generates majority of revenue from the UFC segment. The UFC segment revenue consists of media rights fees associated with the distribution of its programming content, ticket sales, and site fees associated with the business's international live events.
60GF Score

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

$203.80
Price
$131.79
GF Value