Beneish M-Score Calculator

BENEISH M-SCORE CALCULATOR

  1. Input the twelve (12) required financial statement data items for any two consecutive years. The M-Score will be computed as of the current year. The data need not be based on annual data: you can use latest (or trailing) twelve-months if you are willing to accordingly aggregate data from the income and cash flow statements.
  2. The data can be input using any currency or units (thousands, millions) so long as currency and units are kept the same for all input numbers.
  3. The calculator computes the M-Score, the odds ratio that the firm is a manipulator, and provides an assessment based on whether the model's variables are out of line relative to sample averages. The M-Score is calculated as in Beneish, Lee Nichols 2013, Financial Analysts Journal.
  4. The use of the calculator is illustrated with data from the Sunbeam case; the input and output are reproduced in the Sunbeam example.


Financial Statement Inputs
Acceptable Input
>0
>0
>0
>0
>0
>=0
>0
>0
>0
>0
Any number
Any number