Brookfield Wealth Solutions (TSX:BNT) Beneish M-Score: -2.79 (As of Jun. 25, 2026)


TSX:BNT Brookfield Wealth Solutions Ltd TSX:BNT
73 GF Score
Price C$61.17
GF Value C$53.19
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Brookfield Wealth Solutions Beneish M-Score?

Brookfield Wealth Solutions TSX:BNT -1.89% 73 Beneish M-Score is -2.79 as of Jun. 25, 2026. GuruFocus rates TSX:BNT with a GF Score™ of 73/100 and a GF Value™ of C$53.19 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 397 Insurance companies, Brookfield Wealth Solutions ranks better than 77.83% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -2.79 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSX:BNT' s Beneish M-Score Range Over the Past 10 Years
Min: -3.8   Med: -1.96   Max: 9.99
Current: -2.79

During the past 8 years, the highest Beneish M-Score of Brookfield Wealth Solutions was 9.99. The lowest was -3.80. And the median was -1.96.

TSX:BNT
73GF Score
Brookfield Wealth Solutions Ltd TSX:BNT
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Brookfield Wealth Solutions 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 Brookfield Wealth Solutions 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 * 1.046+0.528 * 1+0.404 * 1.0001+0.892 * 0.771+0.115 * 1.0043
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.016783-0.327 * 1.2035
=-2.79

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was C$1,341 Mil.
Revenue was C$15,748 Mil.
Gross Profit was C$15,748 Mil.
Total Current Assets was C$0 Mil.
Total Assets was C$216,831 Mil.
Property, Plant and Equipment(Net PPE) was C$400 Mil.
Depreciation, Depletion and Amortization(DDA) was C$301 Mil.
Selling, General, & Admin. Expense(SGA) was C$0 Mil.
Total Current Liabilities was C$0 Mil.
Long-Term Debt & Capital Lease Obligation was C$6,591 Mil.
Net Income was C$1,057 Mil.
Gross Profit was C$1,090 Mil.
Cash Flow from Operations was C$3,606 Mil.
 Total Receivables was C$1,663 Mil.
Revenue was C$20,426 Mil.
Gross Profit was C$20,426 Mil.
Total Current Assets was C$0 Mil.
Total Assets was C$199,391 Mil.
Property, Plant and Equipment(Net PPE) was C$388 Mil.
Depreciation, Depletion and Amortization(DDA) was C$293 Mil.
Selling, General, & Admin. Expense(SGA) was C$0 Mil.
Total Current Liabilities was C$0 Mil.
Long-Term Debt & Capital Lease Obligation was C$5,036 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)
=(1340.874 / 15748.372) / (1662.625 / 20425.924)
=0.085144 / 0.081398
=1.046

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)
=(20425.924 / 20425.924) / (15748.372 / 15748.372)
=1 / 1
=1

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 - (0 + 400.055) / 216831.19) / (1 - (0 + 387.518) / 199391.039)
=0.998155 / 0.998056
=1.0001

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
=15748.372 / 20425.924
=0.771

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))
=(293.488 / (293.488 + 387.518)) / (300.731 / (300.731 + 400.055))
=0.430962 / 0.429134
=1.0043

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)
=(0 / 15748.372) / (0 / 20425.924)
=0 / 0
=1

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)
=((6591.251 + 0) / 216831.19) / ((5036.315 + 0) / 199391.039)
=0.030398 / 0.025258
=1.2035

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
=(1056.697 - 1089.805 - 3606.013) / 216831.19
=-0.016783

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.

Brookfield Wealth Solutions has a M-score of -2.79 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 -2.79 mean?
Brookfield Wealth Solutions (TSX:BNT) has a Beneish M-Score of -2.79 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Brookfield Wealth Solutions and its competitors. According to the industry distribution chart, Brookfield Wealth Solutions ranks #88 out of 397 companies in the Insurance industry, placing it in the top 22.2%.
Is Brookfield Wealth Solutions' Beneish M-Score too high?
Brookfield Wealth Solutions' current Beneish M-Score is -2.79. Based on the distribution chart, Brookfield Wealth Solutions ranks #88 out of 397 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Brookfield Wealth Solutions has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Brookfield Wealth Solutions' Beneish M-Score compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Brookfield Wealth Solutions ranks #88 out of 397 companies for Beneish M-Score. This places Brookfield Wealth Solutions in the top 22% 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 an Insurance company?
A good Beneish M-Score depends on the Insurance 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 Brookfield Wealth Solutions and its competitors. Brookfield Wealth Solutions's current Beneish M-Score is -2.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brookfield Wealth Solutions stock overvalued right now?
Based on GuruFocus' analysis, Brookfield Wealth Solutions (TSX:BNT) is currently considered Modestly Overvalued. The stock's GF Value™ is C$53.19, compared to a current price of C$61.17 — trading 15% above its estimated fair value. The current Beneish M-Score is -2.79. Brookfield Wealth Solutions' overall GF Score™ is 73/100 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 Brookfield Wealth Solutions (TSX:BNT), the current Beneish M-Score is -2.79 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 Brookfield Wealth Solutions (TSX:BNT) Overvalued in 2026?

Based on GuruFocus' analysis, Brookfield Wealth Solutions stock appears to be overvalued. The current stock price of C$61.17 is trading 15% above its estimated GF Value™ of C$53.19. GuruFocus considers Brookfield Wealth Solutions to be Modestly Overvalued.

Key valuation signals for TSX:BNT:

  • Beneish M-Score: -2.79
  • GF Value™: C$53.19 vs. price of C$61.17 (15% above fair value)
  • GF Score™: 73/100 with 8 warning signs

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

Brookfield Wealth Solutions Business Description

Other Exchanges BNT:USA
Address 94 Pitts Bay Road, Ideation House, First Floor, Pembroke, BMU, HM08
Brookfield Wealth Solutions Ltd, formerly Brookfield Reinsurance Ltd operates a capital solutions business providing insurance and reinsurance services to individuals and institutions. Through its subsidiary, the company offers a broad range of insurance products and services, including life insurance and annuities, and personal and commercial property and casualty insurance. The Company's reporting segments are Annuities, P&C, Life Insurance and Corporate and Other. Majority revenue is generated from Annuities segment followed by P&C.
73GF Score

Get the complete analysis for TSX:BNT

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

C$61.17
Price
C$53.19
GF Value