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Yatra OnlineYTRA +1.50%57 Beneish M-Score is -2.09 as of Sep. 09, 2026. GuruFocus rates YTRA with a GF Score™ of 57/100 and a GF Value™ of $1.82 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 813 Travel & Leisure companies, Yatra Online ranks worse than 78.6% 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 -2.09 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Yatra Online's Beneish M-Score or its related term are showing as below:
YTRA'
s Beneish M-Score Range Over the Past 10 Years
Min: -5.63 Med: -1.89 Max: 0.14
Current: -2.09
During the past 13 years, the highest Beneish M-Score of Yatra Online was 0.14. The lowest was -5.63. And the median was -1.89.
The historical data trend for Yatra Online'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.
YTRA vs TOUR, AHMA, NTRP: Beneish M-Score Comparison
For the Travel Services subindustry, Yatra Online'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.
Yatra Online Beneish M-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Yatra Online's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Yatra Online'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 Yatra Online 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 * 1.0401
+
0.528 * 0.9541
+
0.404 * 0.99
+
0.892 * 1.0273
+
0.115 * 0.8528
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0082
+
4.679 * 0.07334
-
0.327 * 0.8935
=
-2.09
* 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))
=
(3.976 / (3.976 + 4.136))
/
(4.714 / (4.714 + 3.488))
=
0.490138
/
0.574738
=
0.8528
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
=
(-2.746 - 1.724
-
-14.803)
/
140.892
=
0.07334
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.
Yatra Online has a M-score of -2.09 suggests that the company is unlikely to be a manipulator.
Yatra Online (YTRA) has a Beneish M-Score of -2.09 as of Sep. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yatra Online and its competitors. According to the industry distribution chart, Yatra Online ranks #639 out of 813 companies in the Travel & Leisure industry, placing it in the top 78.6%.
Is Yatra Online's Beneish M-Score too high?
Yatra Online's current Beneish M-Score is -2.09. Based on the distribution chart, Yatra Online ranks #639 out of 813 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Yatra Online has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Yatra Online's Beneish M-Score compare to TOUR and AHMA?
According to the Travel & Leisure industry distribution chart, Yatra Online ranks #639 out of 813 companies for Beneish M-Score. This places Yatra Online in the lower 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 Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 Yatra Online and its competitors. Yatra Online's current Beneish M-Score is -2.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yatra Online stock overvalued right now?
Based on GuruFocus' analysis, Yatra Online (YTRA) is currently considered Possible Value Trap. The stock's GF Value™ is $1.82, compared to a current price of $1.02 — trading 44.2% below its estimated fair value. The current Beneish M-Score is -2.09. Yatra Online's overall GF Score™ is 57/100 with 4 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 Yatra Online (YTRA), the current Beneish M-Score is -2.09 as of Sep. 09, 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 Yatra Online (YTRA) Overvalued in 2026?
Based on GuruFocus' analysis, Yatra Online stock appears to be undervalued.
The current stock price of $1.02 is trading 44.2% below its estimated GF Value™ of $1.82.
GuruFocus considers Yatra Online to be Possible Value Trap.
Key valuation signals for YTRA:
Beneish M-Score: -2.09
GF Value™: $1.82 vs. price of $1.02 (44.2% below fair value)
No single metric tells the full story. See the YTRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Yatra Online Inc is an Indian consumer travel platform provider and online travel agent. The company is organized into the following business segments; Air Ticketing which derives maximum revenue, Hotels and Packages, and Other Services. It mainly provides travel-related services, which include domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, activities and ancillary services. It also involves hosting advertisements on its internet websites, the sale of rail and bus tickets, and facilitating website access to travel insurance companies. Some of its applications include Yatra Mini, Yatra Web Check-In, Yatra Corporate, and Travelguru HomeStay.
57GF Score
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