AmcorASX:AMC +1.09%83 Beneish M-Score is -1.73 as of Jun. 24, 2026. GuruFocus rates ASX:AMC with a GF Score™ of 83/100 and a GF Value™ of A$70.38 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 372 Packaging & Containers companies, Amcor ranks worse than 83.6% 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.
Warning Sign:
Beneish M-Score -1.73 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Amcor's Beneish M-Score or its related term are showing as below:
ASX:AMC'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.8 Med: -2.52 Max: 0.54
Current: -1.73
During the past 13 years, the highest Beneish M-Score of Amcor was 0.54. The lowest was -2.80. And the median was -2.52.
Amcor Beneish M-Score Related Terms
Amcor Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Amcor'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.
ASX:AMC vs IP, PKG, BALL: Beneish M-Score Comparison
For the Packaging & Containers subindustry, Amcor'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.
Amcor Beneish M-Score vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Amcor's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Amcor'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 Amcor 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 * 0.9997
+
0.528 * 1.0455
+
0.404 * 1.3027
+
0.892 * 1.6024
+
0.115 * 0.7341
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1175
+
4.679 * -0.014409
-
0.327 * 0.8427
=
-1.86
* 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))
=
(838.077 / (838.077 + 6705.075))
/
(2146.542 / (2146.542 + 12036.975))
=
0.111104
/
0.151341
=
0.7341
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
=
(999.823 - -760.064
-
2531.541)
/
53554.35
=
-0.014409
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.
Amcor has a M-score of -1.86 suggests that the company is unlikely to be a manipulator.
Amcor (ASX:AMC) has a Beneish M-Score of -1.73 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Amcor and its competitors. According to the industry distribution chart, Amcor ranks #311 out of 372 companies in the Packaging & Containers industry, placing it in the top 83.6%.
Is Amcor's Beneish M-Score too high?
Amcor's current Beneish M-Score is -1.73. Based on the distribution chart, Amcor ranks #311 out of 372 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Amcor has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Amcor's Beneish M-Score compare to IP and PKG?
According to the Packaging & Containers industry distribution chart, Amcor ranks #311 out of 372 companies for Beneish M-Score. This places Amcor 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 Packaging & Containers company?
A good Beneish M-Score depends on the Packaging & Containers 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 Amcor and its competitors. Amcor's current Beneish M-Score is -1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amcor stock overvalued right now?
Based on GuruFocus' analysis, Amcor (ASX:AMC) is currently considered Modestly Undervalued. The stock's GF Value™ is A$70.38, compared to a current price of A$58.58 — trading 16.8% below its estimated fair value. The current Beneish M-Score is -1.73. Amcor's overall GF Score™ is 83/100 with 7 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 Amcor (ASX:AMC), the current Beneish M-Score is -1.73 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 Amcor (ASX:AMC) Overvalued in 2026?
Based on GuruFocus' analysis, Amcor stock appears to be undervalued.
The current stock price of A$58.58 is trading 16.8% below its estimated GF Value™ of A$70.38.
GuruFocus considers Amcor to be Modestly Undervalued.
Key valuation signals for ASX:AMC:
Beneish M-Score: -1.73
GF Value™: A$70.38 vs. price of A$58.58 (16.8% below fair value)
No single metric tells the full story. See the ASX:AMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Amcor is a global producer of plastic packaging primarily for the fast-moving consumer goods industry. About 90% of earnings are exposed to the flexible packaging business. This is soft disposable plastic for a variety of food, drink, healthcare, and hygiene products. The remainder of earnings are from the Latin and North American rigids business, which is primarily beverage bottling for the soft drink industry. Operating in more than 35 countries, Amcor has market share in its established regions of North America, Latin America, Europe, and Asia-Pacific. About half of group sales are derived from North America and the remainder is split equally between Western Europe and emerging markets. Australia and New Zealand sales make up less than 5% of group sales.
83GF Score
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