Lennar Corporation (LEN)

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42.43 +0.14  +0.33%   NYSE May 23, 10:49AM BATS Real time Currency in USD

Lennar Corporation Beneish M-Score

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Lennar Corporation Beneish M-Score Chart

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Lennar Corporation Historical Beneish M-Score Data

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Nov. 30, 2012 Go Pro
Nov. 30, 2011 Go Pro
Nov. 30, 2010 Go Pro
Nov. 30, 2009 Go Pro
Nov. 30, 2008 Go Pro
Nov. 30, 2007 Go Pro
Nov. 30, 2006 Go Pro
Nov. 30, 2005 Go Pro
Nov. 30, 2004 Go Pro
Nov. 30, 2003 Go Pro
Nov. 30, 2002 Go Pro
   
Nov. 30, 2001 Go Pro
Nov. 30, 2000 Go Pro
Nov. 30, 1999 Go Pro
Nov. 30, 1998 Go Pro
Nov. 30, 1997 Go Pro
Nov. 30, 1996 Go Pro
Nov. 30, 1995 Go Pro
Nov. 30, 1994 Go Pro
Nov. 30, 1993 Go Pro
Nov. 30, 1992 Go Pro
Nov. 30, 1991 Go Pro

About Beneish M Score

The Beneish M Score helps to uncover companies who are likely to be manipulating their reported earnings. Companies with a higher score are more likely to be manipulators. This is a probabilistic model, so it will not detect manipulators with 100% accuracy.

The best cut-off point depends on the costs mistakenly classifying in one of two ways:

1) Classifying firm that is manipulating earnings as a non-manipulator (Type I error), and
2) Classifying a firm as a manipulator when it actually was not manipulating (Type II Error).

Here are optimal cut-offs according to Beneish, presented as the score followed by the cost of Type I error relative to cost of Type II error):

M Score HTML Table:

ScoreRelative Error Costs
(Type I:Type II)
M Score > -1.49 (10:1)
M Score > -1.78 (20:1)
M Score > -1.89 (40+:1)


Beneish excluded financial institutions from his sample when calculating the M-Score, so extreme care should be taken when looking at M-Scores of financial firms - their business models are different from the manufacturing and other service firms that Beneish used in his study.

If you want more details, here is the original Beneish M Score Paper, or you can learn about our calculation by clicking "Learn More" below.

Learn More

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LEN Beneish M-Score Benchmarks

Companies
PulteGroup Go Pro
Toll Brothers Go Pro
DR Horton Go Pro

LEN Beneish M-Score Rankings

Overall 82nd percentile
1405 of 8006
Sector 72nd percentile
201 of 726 in Consumer Cyclical
Industry 72nd percentile
7 of 25 in Residential Construction

LEN Beneish M-Score Range, Past 5 Years

Minimum Go Pro 2011
Maximum Go Pro 2012
Average Go Pro