Titan AmericaTTAM +2.82%21 Beneish M-Score is -2.68 as of Jun. 26, 2026. GuruFocus rates TTAM with a GF Score™ of 21/100. The stock has 5 warning signs investors should review. Among 388 Building Materials companies, Titan America ranks better than 60.82% 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 -2.68 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Titan America's Beneish M-Score or its related term are showing as below:
TTAM'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.68 Med: -2.56 Max: -2.48
Current: -2.68
During the past 5 years, the highest Beneish M-Score of Titan America was -2.48. The lowest was -2.68. And the median was -2.56.
Titan America Beneish M-Score Related Terms
Titan America Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Titan America'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.
TTAM vs USLM, TGLS, KNF: Beneish M-Score Comparison
For the Building Materials subindustry, Titan America'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.
Titan America Beneish M-Score vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Titan America's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Titan America'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 Titan America 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 * 1.0825
+
0.528 * 1.0066
+
0.404 * 0.9447
+
0.892 * 1.0267
+
0.115 * 0.9854
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9631
+
4.679 * -0.068154
-
0.327 * 0.9056
=
-2.68
* 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))
=
(102.272 / (102.272 + 921.852))
/
(113.094 / (113.094 + 1002.864))
=
0.099863
/
0.101343
=
0.9854
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
=
(185.084 - -5.166
-
321.788)
/
1930.007
=
-0.068154
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.
Titan America has a M-score of -2.68 suggests that the company is unlikely to be a manipulator.
Titan America (TTAM) has a Beneish M-Score of -2.68 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Titan America and its competitors. According to the industry distribution chart, Titan America ranks #152 out of 388 companies in the Building Materials industry, placing it in the top 39.2%.
Is Titan America's Beneish M-Score too high?
Titan America's current Beneish M-Score is -2.68. Based on the distribution chart, Titan America ranks #152 out of 388 companies in the Building Materials industry, which is above the industry midpoint. Overall, Titan America has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Titan America's Beneish M-Score compare to USLM and TGLS?
According to the Building Materials industry distribution chart, Titan America ranks #152 out of 388 companies for Beneish M-Score. This puts Titan America 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 Building Materials company?
A good Beneish M-Score depends on the Building Materials 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 Titan America and its competitors. Titan America's current Beneish M-Score is -2.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Titan America stock overvalued right now?
Titan America (TTAM) has a current Beneish M-Score of -2.68. The current Beneish M-Score is -2.68. Titan America's overall GF Score™ is 21/100 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 Titan America (TTAM), the current Beneish M-Score is -2.68 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.
Titan America SA is a vertically integrated, multi-regional manufacturer and supplier of heavy building materials and services operating in Florida, the New York and New Jersey Metropolitan area Metro New York, Virginia, North Carolina and South Carolina. The Company, through its wholly owned subsidiaries, operates in the manufacture, distribution, and sale of cement, fly ash, aggregates, ready-mix concrete, and concrete blocks to resellers and construction contractors in the Eastern region of the United States.
21GF Score
Get the complete analysis for TTAM
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TTAM has been successfully added to your 
