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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 -2.51 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Trafco Group BSC's Beneish M-Score or its related term are showing as below:
BAH:TRAFCO'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.76 Med: -2.69 Max: -2.17
Current: -2.51
During the past 13 years, the highest Beneish M-Score of Trafco Group BSC was -2.17. The lowest was -2.76. And the median was -2.69.
Trafco Group BSC Beneish M-Score Related Terms
Trafco Group BSC Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Trafco Group BSC'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.
BAH:TRAFCO vs SYY, USFD, PFGC: Beneish M-Score Comparison
For the Food Distribution subindustry, Trafco Group BSC'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.
Trafco Group BSC Beneish M-Score vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Trafco Group BSC's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Trafco Group BSC'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 Trafco Group BSC 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 * 1.1263
+
0.528 * 1.0579
+
0.404 * 1.0206
+
0.892 * 0.9695
+
0.115 * 0.9287
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9772
+
4.679 * -0.032911
-
0.327 * 0.9899
=
-2.51
* 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))
=
(1.399 / (1.399 + 15.72))
/
(1.509 / (1.509 + 15.64))
=
0.081722
/
0.087993
=
0.9287
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
=
(1.219 - 0
-
3.078)
/
56.486
=
-0.032911
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.
Trafco Group BSC has a M-score of -2.51 suggests that the company is unlikely to be a manipulator.
Trafco Group BSC (BAH:TRAFCO) has a Beneish M-Score of -2.51 as of Jul. 19, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Trafco Group BSC and its competitors. According to the industry distribution chart, Trafco Group BSC ranks #169 out of 295 companies in the Retail - Defensive industry, placing it in the top 57.3%.
Is Trafco Group BSC's Beneish M-Score too high?
Trafco Group BSC's current Beneish M-Score is -2.51. Based on the distribution chart, Trafco Group BSC ranks #169 out of 295 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Trafco Group BSC has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Trafco Group BSC's Beneish M-Score compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Trafco Group BSC ranks #169 out of 295 companies for Beneish M-Score. This places Trafco Group BSC 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 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 Trafco Group BSC and its competitors. Trafco Group BSC's current Beneish M-Score is -2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trafco Group BSC stock overvalued right now?
Based on GuruFocus' analysis, Trafco Group BSC (BAH:TRAFCO) is currently considered Fairly Valued. The stock's GF Value™ is BHD0.28, compared to a current price of BHD0.26 — trading 8.6% below its estimated fair value. The current Beneish M-Score is -2.51. Trafco Group BSC's overall GF Score™ is 62/100 with 8 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 Trafco Group BSC (BAH:TRAFCO), the current Beneish M-Score is -2.51 as of Jul. 19, 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 Trafco Group BSC (BAH:TRAFCO) Overvalued in 2026?
Based on GuruFocus' analysis, Trafco Group BSC stock appears to be undervalued.
The current stock price of BHD0.26 is trading 8.6% below its estimated GF Value™ of BHD0.28.
GuruFocus considers Trafco Group BSC to be Fairly Valued.
Key valuation signals for BAH:TRAFCO:
Beneish M-Score: -2.51
GF Value™: BHD0.28 vs. price of BHD0.26 (8.6% below fair value)
No single metric tells the full story. See the BAH:TRAFCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trafco Group BSC imports and distributes food products. The company has six operating segments; the Wholesale operations segment includes the import and distribution of foodstuff, the Investments segment includes investment in quoted and unquoted securities, the Dairy products and beverages segment includes the production, processing, and distribution of dairy products, juices, ice cream, bottling of water, and other items, Fruits and vegetables include import and distribution of fruits, vegetables, and other food items, Storage and logistics include providing storage and logistics services, and Livestock includes import and sale of live animals, fresh, chilled, and frozen meat and food service products.
62GF Score
Get the complete analysis for BAH:TRAFCO
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