TRU (TransUnion) Beneish M-Score: -2.61 (As of Jun. 24, 2026)

What is TransUnion Beneish M-Score?

TransUnion TRU +3.09% 89 Beneish M-Score is -2.61 as of Jun. 24, 2026. GuruFocus rates TRU with a GF Score™ of 89/100 and a GF Value™ of $96.30 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 702 Capital Markets companies, TransUnion ranks better than 70.94% 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 -2.61 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TRU' s Beneish M-Score Range Over the Past 10 Years
Min: -2.94 Med: -2.52 Max: -1.82
Current: -2.61

During the past 13 years, the highest Beneish M-Score of TransUnion was -1.82. The lowest was -2.94. And the median was -2.52.

TransUnion Beneish M-Score Related Terms

TransUnion Beneish M-Score Historical Data

* Premium members only.

The historical data trend for TransUnion'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.

TransUnion Beneish M-Score Chart

TransUnion Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-1.90

-2.34

-2.44

-2.49

-2.66

TransUnion 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															-2.42	-2.39	-2.46	-2.66	-2.61

TRU vs FDS, MORN, OTCM: Beneish M-Score Comparison

For the Financial Data & Stock Exchanges subindustry, TransUnion'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.

TransUnion Beneish M-Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, TransUnion's Beneish M-Score distribution charts can be found below:

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

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89GF Score

TransUnion TRU

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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TransUnion 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 TransUnion for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.9693

0.528 * 1.0162

0.404 * 0.9917

0.892 * 1.1099

0.115 * 1.079

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.012

4.679 * -0.045595

0.327 * 0.9869

-2.61

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was $1,047 Mil.
Revenue was 1245.7 + 1171.3 + 1169.5 + 1139.7 = $4,726 Mil.
Gross Profit was 726.2 + 695.2 + 689.2 + 669.8 = $2,780 Mil.
Total Current Assets was $2,017 Mil.
Total Assets was $12,047 Mil.
Property, Plant and Equipment(Net PPE) was $349 Mil.
Depreciation, Depletion and Amortization(DDA) was $588 Mil.
Selling, General, & Admin. Expense(SGA) was $1,337 Mil.
Total Current Liabilities was $1,046 Mil.
Long-Term Debt & Capital Lease Obligation was $5,461 Mil.
Net Income was 397.1 + 101.2 + 96.6 + 109.6 = $705 Mil.
Non Operating Income was 238.8 + -8.1 + -8.4 + 12.2 = $235 Mil.
Cash Flow from Operations was 84.2 + 319.5 + 324.3 + 291.3 = $1,019 Mil.

Total Receivables was $974 Mil.
Revenue was 1095.7 + 1036.8 + 1085 + 1040.8 = $4,258 Mil.
Gross Profit was 650.1 + 625.2 + 636.3 + 634.1 = $2,546 Mil.
Total Current Assets was $1,818 Mil.
Total Assets was $10,949 Mil.
Property, Plant and Equipment(Net PPE) was $259 Mil.
Depreciation, Depletion and Amortization(DDA) was $543 Mil.
Selling, General, & Admin. Expense(SGA) was $1,191 Mil.
Total Current Liabilities was $889 Mil.
Long-Term Debt & Capital Lease Obligation was $5,103 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)
	=	(1047.4 / 4726.2)	/	(973.6 / 4258.3)
	=	0.221616	/	0.228636
	=	0.9693

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)
	=	(2545.7 / 4258.3)	/	(2780.4 / 4726.2)
	=	0.597821	/	0.588295
	=	1.0162

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 - (2017.2 + 348.8) / 12047.3)	/	(1 - (1818.4 + 258.5) / 10949.1)
	=	0.803607	/	0.810313
	=	0.9917

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
	=	4726.2	/	4258.3
	=	1.1099

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))
	=	(542.7 / (542.7 + 258.5))	/	(588.2 / (588.2 + 348.8))
	=	0.677359	/	0.627748
	=	1.079

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)
	=	(1337.2 / 4726.2)	/	(1190.5 / 4258.3)
	=	0.282933	/	0.279572
	=	1.012

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)
	=	((5460.5 + 1045.6) / 12047.3)	/	((5103.1 + 888.5) / 10949.1)
	=	0.540046	/	0.547223
	=	0.9869

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
	=	(704.5 - 234.5	-	1019.3)	/	12047.3
	=	-0.045595

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.

TransUnion has a M-score of -2.61 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 -2.61 mean?

TransUnion (TRU) has a Beneish M-Score of -2.61 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on TransUnion and its competitors. According to the industry distribution chart, TransUnion ranks #204 out of 702 companies in the Capital Markets industry, placing it in the top 29.1%.

Is TransUnion's Beneish M-Score too high?

TransUnion's current Beneish M-Score is -2.61. Based on the distribution chart, TransUnion ranks #204 out of 702 companies in the Capital Markets industry, which is above the industry midpoint. Overall, TransUnion has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does TransUnion's Beneish M-Score compare to FDS and MORN?

According to the Capital Markets industry distribution chart, TransUnion ranks #204 out of 702 companies for Beneish M-Score. This puts TransUnion 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 Capital Markets company?

A good Beneish M-Score depends on the Capital Markets 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 TransUnion and its competitors. TransUnion's current Beneish M-Score is -2.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is TransUnion stock overvalued right now?

Based on GuruFocus' analysis, TransUnion (TRU) is currently considered Modestly Undervalued. The stock's GF Value™ is $96.30, compared to a current price of $68.00 — trading 29.4% below its estimated fair value. The current Beneish M-Score is -2.61. TransUnion's overall GF Score™ is 89/100 with 5 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 TransUnion (TRU), the current Beneish M-Score is -2.61 as of Jun. 24, 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 TransUnion (TRU) Overvalued in 2026?

Based on GuruFocus' analysis, TransUnion stock appears to be undervalued. The current stock price of $68.00 is trading 29.4% below its estimated GF Value™ of $96.30. GuruFocus considers TransUnion to be Modestly Undervalued.

Key valuation signals for TRU:

Beneish M-Score: -2.61
GF Value™: $96.30 vs. price of $68.00 (29.4% below fair value)
GF Score™: 89/100 with 5 warning signs

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

TransUnion Business Description

Industry Financial Services Capital Markets

Comparable Companies FDS MORN OTCM VALU DTCX MKTW QMCI BTOG CBOE MSCI SPGI CME ICE MCO HKSE:00388 LSE:LSEG XTER:DB1 NDAQ COIN SZSE:300033

Other Exchanges 1TU:Germany

Address 555 West Adams Street, Chicago, IL, USA, 60661

Website https://www.transunion.com

TransUnion, along with Equifax and Experian, is one of the three leading credit bureaus in the United States, providing the consumer information that is the basis for granting credit. The company also provides fraud detection, marketing, and analytical services. TransUnion operates in over 30 countries. About 20%-25% of its revenue comes from international markets.

89GF Score

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

$68.00

Price

$96.30

GF Value

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