AVO (Mission Produce) Beneish M-Score: -2.87 (As of Jun. 24, 2026)

What is Mission Produce Beneish M-Score?

Mission Produce AVO +4.01% 80 Beneish M-Score is -2.87 as of Jun. 24, 2026. GuruFocus rates AVO with a GF Score™ of 80/100 and a GF Value™ of $12.80 (Fairly Valued). The stock has 4 warning signs investors should review. Among 293 Retail - Defensive companies, Mission Produce ranks better than 74.06% 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 -2.87 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Mission Produce's Beneish M-Score or its related term are showing as below:

AVO' s Beneish M-Score Range Over the Past 10 Years
Min: -3.15 Med: -2.6 Max: -1.92
Current: -2.87

During the past 8 years, the highest Beneish M-Score of Mission Produce was -1.92. The lowest was -3.15. And the median was -2.60.

Mission Produce Beneish M-Score Related Terms

Mission Produce Beneish M-Score Historical Data

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The historical data trend for Mission Produce'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.

Mission Produce Beneish M-Score Chart

Mission Produce Annual Data

Trend

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Oct25

Beneish M-Score

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-2.27

-2.43

-2.58

-2.75

-2.72

Mission Produce Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25	Jul25	Oct25	Jan26	Apr26
Beneish M-Score	Get a 7-Day Free Trial															-2.49	-2.55	-2.72	-2.74	-2.87

AVO vs WILC, CVGW, HFFG: Beneish M-Score Comparison

For the Food Distribution subindustry, Mission Produce'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.

Mission Produce Beneish M-Score vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Mission Produce's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Mission Produce's Beneish M-Score falls into.

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80GF Score

Mission Produce Inc AVO

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Mission Produce Beneish M-Score Calculation

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 Mission Produce for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.008

0.528 * 0.8935

0.404 * 1.052

0.892 * 0.8947

0.115 * 1.0091

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.2528

4.679 * -0.053362

0.327 * 0.9148

-2.87

This Year (Apr26) TTM:

Last Year (Apr25) TTM:

Total Receivables was $120 Mil.
Revenue was 290.9 + 278.6 + 319 + 357.7 = $1,246 Mil.
Gross Profit was 20.5 + 31.6 + 55.7 + 45.1 = $153 Mil.
Total Current Assets was $284 Mil.
Total Assets was $1,008 Mil.
Property, Plant and Equipment(Net PPE) was $610 Mil.
Depreciation, Depletion and Amortization(DDA) was $35 Mil.
Selling, General, & Admin. Expense(SGA) was $102 Mil.
Total Current Liabilities was $149 Mil.
Long-Term Debt & Capital Lease Obligation was $203 Mil.
Net Income was -7.2 + -0.7 + 16 + 14.7 = $23 Mil.
Non Operating Income was -6.9 + -0.1 + 2 + 1 = $-4 Mil.
Cash Flow from Operations was -18 + -3 + 67.2 + 34.4 = $81 Mil.

Total Receivables was $133 Mil.
Revenue was 380.3 + 334.2 + 354.4 + 324 = $1,393 Mil.
Gross Profit was 28.4 + 31.5 + 55.8 + 37 = $153 Mil.
Total Current Assets was $297 Mil.
Total Assets was $1,011 Mil.
Property, Plant and Equipment(Net PPE) was $605 Mil.
Depreciation, Depletion and Amortization(DDA) was $35 Mil.
Selling, General, & Admin. Expense(SGA) was $91 Mil.
Total Current Liabilities was $150 Mil.
Long-Term Debt & Capital Lease Obligation was $235 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI	=	(Receivables_t / Revenue_t)	/	(Receivables_t-1 / Revenue_t-1)
	=	(120.3 / 1246.2)	/	(133.4 / 1392.9)
	=	0.096533	/	0.095771
	=	1.008

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI	=	GrossMargin_t-1	/	GrossMargin_t
	=	(GrossProfit_t-1 / Revenue_t-1)	/	(GrossProfit_t / Revenue_t)
	=	(152.7 / 1392.9)	/	(152.9 / 1246.2)
	=	0.109627	/	0.122693
	=	0.8935

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI	=	(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t)	/	(1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
	=	(1 - (283.6 + 610.4) / 1008.2)	/	(1 - (297.1 + 604.6) / 1010.5)
	=	0.113271	/	0.107669
	=	1.052

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

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.

SGI	=	Sales_t	/	Sales_t-1
	=	Revenue_t	/	Revenue_t-1
	=	1246.2	/	1392.9
	=	0.8947

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

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))
	=	(34.8 / (34.8 + 604.6))	/	(34.8 / (34.8 + 610.4))
	=	0.054426	/	0.053937
	=	1.0091

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

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI	=	(SGA_t / Sales_t)	/	(SGA_t-1 /Sales_t-1)
	=	(102 / 1246.2)	/	(91 / 1392.9)
	=	0.081849	/	0.065331
	=	1.2528

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI	=	((LTD_t + CurrentLiabilities_t) / TotalAssets_t)	/	((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
	=	((202.9 + 148.5) / 1008.2)	/	((235.1 + 149.9) / 1010.5)
	=	0.348542	/	0.381
	=	0.9148

8. TATA = Total Accruals to Total Assets

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
	=	(22.8 - -4	-	80.6)	/	1008.2
	=	-0.053362

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.

Mission Produce has a M-score of -2.87 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of -2.87 mean?

Mission Produce (AVO) has a Beneish M-Score of -2.87 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Mission Produce and its competitors. According to the industry distribution chart, Mission Produce ranks #76 out of 293 companies in the Retail - Defensive industry, placing it in the top 25.9%.

Is Mission Produce's Beneish M-Score too high?

Mission Produce's current Beneish M-Score is -2.87. Based on the distribution chart, Mission Produce ranks #76 out of 293 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Mission Produce has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Mission Produce's Beneish M-Score compare to WILC and CVGW?

According to the Retail - Defensive industry distribution chart, Mission Produce ranks #76 out of 293 companies for Beneish M-Score. This puts Mission Produce in the upper 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 Retail - Defensive company?

A good Beneish M-Score depends on the Retail - Defensive 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 Mission Produce and its competitors. Mission Produce's current Beneish M-Score is -2.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Mission Produce stock overvalued right now?

Based on GuruFocus' analysis, Mission Produce (AVO) is currently considered Fairly Valued. The stock's GF Value™ is $12.80, compared to a current price of $12.18 — trading 4.8% below its estimated fair value. The current Beneish M-Score is -2.87. Mission Produce's overall GF Score™ is 80/100 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 Mission Produce (AVO), the current Beneish M-Score is -2.87 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 Mission Produce (AVO) Overvalued in 2026?

Based on GuruFocus' analysis, Mission Produce stock appears to be undervalued. The current stock price of $12.18 is trading 4.8% below its estimated GF Value™ of $12.80. GuruFocus considers Mission Produce to be Fairly Valued.

Key valuation signals for AVO:

Beneish M-Score: -2.87
GF Value™: $12.80 vs. price of $12.18 (4.8% below fair value)
GF Score™: 80/100 with 4 warning signs

No single metric tells the full story. See the AVO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mission Produce Business Description

Industry Consumer Defensive Retail - Defensive

Comparable Companies WILC CVGW HFFG DIT HCIL TWG IVFH MTEX AIXN MCLE SYY USFD PFGC XLIS:JMT LSE:BNZL HKSE:01768 JSE:BID BKK:CPAXT SGX:VC2 CHEF

Other Exchanges AVO:Mexico 5YM:Germany

Address 2710 Camino Del Sol, Oxnard, CA, USA, 93030

Website https://www.missionproduce.com

Mission Produce Inc produces, packs, and distributes mainly Hass avocados to retail, wholesale, and food service customers, offering pre-ripe and ripened fruit tailored to customer specifications through its network of ripening facilities. The Company operates through three segments: Marketing & Distribution, which sources and distributes fruit globally and generates the majority of revenue; International Farming, which owns and operates avocado orchards and supplies fruit mainly to Marketing & Distribution, with operations principally in Peru and Guatemala; and Blueberries, which farms blueberries sold under an exclusive marketing agreement. The Company's operations span Peru, the United States, Guatemala, Mexico, Europe, and Canada.

80GF Score

Get the complete analysis for AVO

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$12.18

Price

$12.80

GF Value

View AVO Analysis

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