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FFI HoldingsASX:FFI +3.29%86 Beneish M-Score is -1.92 as of Jul. 13, 2026. GuruFocus rates ASX:FFI with a GF Score™ of 86/100 and a GF Value™ of A$5.04 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,851 Consumer Packaged Goods companies, FFI Holdings ranks worse than 80.28% 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 -1.92 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for FFI Holdings's Beneish M-Score or its related term are showing as below:
ASX:FFI'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.63 Med: -2.41 Max: -1.92
Current: -1.92
During the past 13 years, the highest Beneish M-Score of FFI Holdings was -1.92. The lowest was -2.63. And the median was -2.41.
FFI Holdings Beneish M-Score Related Terms
FFI Holdings Beneish M-Score Historical Data
* Premium members only.
The historical data trend for FFI Holdings'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:FFI vs MDLZ, HSY, TR: Beneish M-Score Comparison
For the Confectioners subindustry, FFI Holdings'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.
FFI Holdings Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, FFI Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where FFI Holdings'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 FFI Holdings 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 * 0.9481
+
0.528 * 1.0728
+
0.404 * 0.9331
+
0.892 * 1.104
+
0.115 * 1.1437
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9264
+
4.679 * 0.083926
-
0.327 * 0.7553
=
-1.92
* 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))
=
(0.931 / (0.931 + 16.867))
/
(1.001 / (1.001 + 20.885))
=
0.052309
/
0.045737
=
1.1437
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
=
(6.664 - 5.198
-
-5.277)
/
80.345
=
0.083926
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.
FFI Holdings has a M-score of -1.92 suggests that the company is unlikely to be a manipulator.
FFI Holdings (ASX:FFI) has a Beneish M-Score of -1.92 as of Jul. 13, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on FFI Holdings and its competitors. According to the industry distribution chart, FFI Holdings ranks #1486 out of 1851 companies in the Consumer Packaged Goods industry, placing it in the top 80.3%.
Is FFI Holdings' Beneish M-Score too high?
FFI Holdings' current Beneish M-Score is -1.92. Based on the distribution chart, FFI Holdings ranks #1486 out of 1851 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, FFI Holdings has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FFI Holdings' Beneish M-Score compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, FFI Holdings ranks #1486 out of 1851 companies for Beneish M-Score. This places FFI Holdings 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 FFI Holdings and its competitors. FFI Holdings's current Beneish M-Score is -1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FFI Holdings stock overvalued right now?
Based on GuruFocus' analysis, FFI Holdings (ASX:FFI) is currently considered Modestly Undervalued. The stock's GF Value™ is A$5.04, compared to a current price of A$4.39 — trading 12.9% below its estimated fair value. The current Beneish M-Score is -1.92. FFI Holdings' overall GF Score™ is 86/100 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 FFI Holdings (ASX:FFI), the current Beneish M-Score is -1.92 as of Jul. 13, 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 FFI Holdings (ASX:FFI) Overvalued in 2026?
Based on GuruFocus' analysis, FFI Holdings stock appears to be undervalued.
The current stock price of A$4.39 is trading 12.9% below its estimated GF Value™ of A$5.04.
GuruFocus considers FFI Holdings to be Modestly Undervalued.
Key valuation signals for ASX:FFI:
Beneish M-Score: -1.92
GF Value™: A$5.04 vs. price of A$4.39 (12.9% below fair value)
No single metric tells the full story. See the ASX:FFI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FFI Holdings Ltd engages in the processing, manufacturing, packaging, and distribution of food products. The company serves a range of food products for the Australian industrial, wholesale and retail markets. Its food operations include the manufacturing of chocolate, confectionery products, jam fillings, processed apple products, and other small goods. The firm operates in Food Operations and Investment Property Segment. The Food Operations segment manufactures a wide range of predominantly bakery and home cooking needs food products for distribution to a diverse customer base.. Its Investment Property segment manages the company's industrial or commercial land which is held for investment purposes. Key revenue is generated from the Food Operations segment.
86GF Score
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