Meta Platforms (WAR:META) Beneish M-Score: -2.88 (As of Jun. 24, 2026)


WAR:META Meta Platforms Inc WAR:META
78 GF Score
Price zł2,136.00
GF Value zł3,072.58
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Meta Platforms Beneish M-Score?

Meta Platforms WAR:META 78 Beneish M-Score is -2.88 as of Jun. 24, 2026. GuruFocus rates WAR:META with a GF Score™ of 78/100 and a GF Value™ of zł3,072.58 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 532 Interactive Media companies, Meta Platforms ranks better than 62.97% 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 -2.88 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

WAR:META' s Beneish M-Score Range Over the Past 10 Years
Min: -3.44   Med: -2.85   Max: -2.19
Current: -2.88

During the past 13 years, the highest Beneish M-Score of Meta Platforms was -2.19. The lowest was -3.44. And the median was -2.85.


Meta Platforms Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Meta Platforms'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.

Meta Platforms Beneish M-Score Chart

Meta Platforms Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.85 -3.29 -3.02 -2.88 -3.02

Meta Platforms 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 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 Premium Member Only Premium Member Only -2.87 -2.70 -2.94 -3.02 -2.88

WAR:META vs SPOT, NBIS, BIDU: Beneish M-Score Comparison

For the Internet Content & Information subindustry, Meta Platforms'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.


Meta Platforms Beneish M-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Meta Platforms's Beneish M-Score distribution charts can be found below:

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


WAR:META
78GF Score
Meta Platforms Inc WAR:META
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Meta Platforms 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 Meta Platforms 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 * 0.9539+0.528 * 0.9977+0.404 * 1.1686+0.892 * 1.2618+0.115 * 1.1187
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9708+4.679 * -0.135104-0.327 * 1.1414
=-2.88

* 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 zł64,196 Mil.
Revenue was 206921.527 + 220084.016 + 188294.878 + 174603.244 = zł789,904 Mil.
Gross Profit was 169374.26 + 180008.61 + 154466.326 + 143402.045 = zł647,251 Mil.
Total Current Assets was zł403,345 Mil.
Total Assets was zł1,452,394 Mil.
Property, Plant and Equipment(Net PPE) was zł801,229 Mil.
Depreciation, Depletion and Amortization(DDA) was zł76,120 Mil.
Selling, General, & Admin. Expense(SGA) was zł90,499 Mil.
Total Current Liabilities was zł171,800 Mil.
Long-Term Debt & Capital Lease Obligation was zł309,973 Mil.
Net Income was 98380.601 + 83663.748 + 9954.546 + 67381.507 = zł259,380 Mil.
Non Operating Income was -4784.355 + 1616.833 + 3659.922 + -540.169 = zł-48 Mil.
Cash Flow from Operations was 118418.304 + 133072.689 + 110234.925 + 93926.962 = zł455,653 Mil.
Total Receivables was zł53,333 Mil.
Revenue was 155487.871 + 177796.489 + 149149.151 + 143571.078 = zł626,005 Mil.
Gross Profit was 127663.648 + 145316.523 + 122048.829 + 116716.955 = zł511,746 Mil.
Total Current Assets was zł331,550 Mil.
Total Assets was zł1,029,676 Mil.
Property, Plant and Equipment(Net PPE) was zł547,783 Mil.
Depreciation, Depletion and Amortization(DDA) was zł58,882 Mil.
Selling, General, & Admin. Expense(SGA) was zł73,878 Mil.
Total Current Liabilities was zł124,533 Mil.
Long-Term Debt & Capital Lease Obligation was zł174,702 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)
=(64195.611 / 789903.665) / (53333.435 / 626004.589)
=0.08127 / 0.085197
=0.9539

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)
=(511745.955 / 626004.589) / (647251.241 / 789903.665)
=0.81748 / 0.819405
=0.9977

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 - (403344.664 + 801228.843) / 1452393.555) / (1 - (331549.939 + 547782.953) / 1029676.294)
=0.170629 / 0.14601
=1.1686

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
=789903.665 / 626004.589
=1.2618

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))
=(58882.111 / (58882.111 + 547782.953)) / (76119.753 / (76119.753 + 801228.843))
=0.097059 / 0.086761
=1.1187

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)
=(90498.541 / 789903.665) / (73878.235 / 626004.589)
=0.114569 / 0.118015
=0.9708

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)
=((309972.57 + 171799.509) / 1452393.555) / ((174702.459 + 124532.872) / 1029676.294)
=0.331709 / 0.290611
=1.1414

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
=(259380.402 - -47.769 - 455652.88) / 1452393.555
=-0.135104

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.

Meta Platforms has a M-score of -2.88 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 -2.88 mean?
Meta Platforms (WAR:META) has a Beneish M-Score of -2.88 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Meta Platforms and its competitors. According to the industry distribution chart, Meta Platforms ranks #197 out of 532 companies in the Interactive Media industry, placing it in the top 37%.
Is Meta Platforms' Beneish M-Score too high?
Meta Platforms' current Beneish M-Score is -2.88. Based on the distribution chart, Meta Platforms ranks #197 out of 532 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Meta Platforms has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Meta Platforms' Beneish M-Score compare to SPOT and NBIS?
According to the Interactive Media industry distribution chart, Meta Platforms ranks #197 out of 532 companies for Beneish M-Score. This puts Meta Platforms 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 an Interactive Media company?
A good Beneish M-Score depends on the Interactive Media 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 Meta Platforms and its competitors. Meta Platforms's current Beneish M-Score is -2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meta Platforms stock overvalued right now?
Based on GuruFocus' analysis, Meta Platforms (WAR:META) is currently considered Significantly Undervalued. The stock's GF Value™ is zł3,072.58, compared to a current price of zł2,136.00 — trading 30.5% below its estimated fair value. The current Beneish M-Score is -2.88. Meta Platforms' overall GF Score™ is 78/100 with 2 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 Meta Platforms (WAR:META), the current Beneish M-Score is -2.88 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 Meta Platforms (WAR:META) Overvalued in 2026?

Based on GuruFocus' analysis, Meta Platforms stock appears to be undervalued. The current stock price of zł2,136.00 is trading 30.5% below its estimated GF Value™ of zł3,072.58. GuruFocus considers Meta Platforms to be Significantly Undervalued.

Key valuation signals for WAR:META:

  • Beneish M-Score: -2.88
  • GF Value™: zł3,072.58 vs. price of zł2,136.00 (30.5% below fair value)
  • GF Score™: 78/100 with 2 warning signs

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


Meta Platforms Business Description

Address 1 Meta Way, Menlo Park, CA, USA, 94025
Meta is the largest social media company in the world, boasting close to 4 billion monthly active users worldwide. The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. End users can leverage these applications for a variety of different purposes, from keeping in touch with friends to following celebrities and running digital businesses for free. Meta packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers. While the firm has been investing heavily in its Reality Labs business, it remains a very small part of Meta's overall sales.
78GF Score

Get the complete analysis for WAR:META

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

zł2,136.00
Price
zł3,072.58
GF Value