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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 -2.66 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Crown Seal's Beneish M-Score or its related term are showing as below:
BKK:CSC-R'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.09 Med: -2.73 Max: -2.02
Current: -2.66
During the past 13 years, the highest Beneish M-Score of Crown Seal was -2.02. The lowest was -3.09. And the median was -2.73.
The historical data trend for Crown Seal'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.
BKK:CSC-R vs SW, AMCR, PKG: Beneish M-Score Comparison
For the Packaging & Containers subindustry, Crown Seal'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.
Crown Seal Beneish M-Score vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Crown Seal's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Crown Seal'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 Crown Seal 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 * 1.1812
+
0.528 * 1.0144
+
0.404 * 0.9482
+
0.892 * 0.9767
+
0.115 * 0.9311
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0896
+
4.679 * -0.056221
-
0.327 * 1.0842
=
-2.66
* 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))
=
(233.979 / (233.979 + 1554.554))
/
(242.793 / (242.793 + 1485.189))
=
0.130822
/
0.140507
=
0.9311
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
=
(289.938 - 63.741
-
531.826)
/
5436.197
=
-0.056221
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.
Crown Seal has a M-score of -2.66 suggests that the company is unlikely to be a manipulator.
Crown Seal (BKK:CSC-R) has a Beneish M-Score of -2.66 as of Sep. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Crown Seal and its competitors. According to the industry distribution chart, Crown Seal ranks #149 out of 384 companies in the Packaging & Containers industry, placing it in the top 38.8%.
Is Crown Seal's Beneish M-Score too high?
Crown Seal's current Beneish M-Score is -2.66. Based on the distribution chart, Crown Seal ranks #149 out of 384 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Crown Seal has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Crown Seal's Beneish M-Score compare to SW and AMCR?
According to the Packaging & Containers industry distribution chart, Crown Seal ranks #149 out of 384 companies for Beneish M-Score. This puts Crown Seal 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 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 Crown Seal and its competitors. Crown Seal's current Beneish M-Score is -2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Crown Seal stock overvalued right now?
Crown Seal (BKK:CSC-R) has a current Beneish M-Score of -2.66. The stock's GF Value™ is ฿44.72, compared to a current price of ฿47.00 — trading 5.1% above its estimated fair value. The current Beneish M-Score is -2.66. Crown Seal's overall GF Score™ is 73/100 with 3 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 Crown Seal (BKK:CSC-R), the current Beneish M-Score is -2.66 as of Sep. 05, 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 Crown Seal (BKK:CSC-R) Overvalued in 2026?
Based on GuruFocus' analysis, Crown Seal stock appears to be overvalued.
The current stock price of ฿47.00 is trading 5.1% above its estimated GF Value™ of ฿44.72.
Key valuation signals for BKK:CSC-R:
Beneish M-Score: -2.66
GF Value™: ฿44.72 vs. price of ฿47.00 (5.1% above fair value)
No single metric tells the full story. See the BKK:CSC-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Crown Seal PLC is engaged in the manufacture and sale of caps for bottles and the hire of printing sheets for can. Based on the products and services, the company is engaged in two reportable segments: The manufacture and sale of caps and Metal sheets printing service. Its products and services include Crown Cap, Maxi Crown, Composite Cap, Anti-counterfeit screw cap, Plastic Cap, and others. The company earns the highest revenue from the Manufacture and sale of caps segment.
73GF Score
Get the complete analysis for BKK:CSC-R
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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