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Blue Star FoodsBSFC -7.14% Beneish M-Score is -11.29 as of Aug. 01, 2026. The stock has 4 warning signs investors should review. Among 1,853 Consumer Packaged Goods companies, Blue Star Foods ranks better than 99.19% 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 -11.29 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Blue Star Foods's Beneish M-Score or its related term are showing as below:
BSFC'
s Beneish M-Score Range Over the Past 10 Years
Min: -27.78 Med: -6.56 Max: 11.81
Current: -11.29
During the past 9 years, the highest Beneish M-Score of Blue Star Foods was 11.81. The lowest was -27.78. And the median was -6.56.
The historical data trend for Blue Star Foods'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.
BSFC vs NBND, BDPT, MEHA: Beneish M-Score Comparison
For the Packaged Foods subindustry, Blue Star Foods'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.
Blue Star Foods Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Blue Star Foods's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Blue Star Foods'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 Blue Star Foods 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 * 0.3271
+
0.528 * -0.6625
+
0.404 * 1.0858
+
0.892 * 0.6236
+
0.115 * 0.3313
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.3904
+
4.679 * -1.366218
-
0.327 * 2.4547
=
-11.29
* 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))
=
(0.011 / (0.011 + 0.201))
/
(0.026 / (0.026 + 0.14))
=
0.051887
/
0.156627
=
0.3313
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
=
(-3.118 - -0.959
-
-0.331)
/
1.338
=
-1.366218
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.
Blue Star Foods has a M-score of -11.29 suggests that the company is unlikely to be a manipulator.
Blue Star Foods (BSFC) has a Beneish M-Score of -11.29 as of Aug. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Blue Star Foods and its competitors. According to the industry distribution chart, Blue Star Foods ranks #15 out of 1853 companies in the Consumer Packaged Goods industry, placing it in the top 0.8%.
Is Blue Star Foods' Beneish M-Score too high?
Blue Star Foods' current Beneish M-Score is -11.29. Based on the distribution chart, Blue Star Foods ranks #15 out of 1853 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers.
How does Blue Star Foods' Beneish M-Score compare to NBND and BDPT?
According to the Consumer Packaged Goods industry distribution chart, Blue Star Foods ranks #15 out of 1853 companies for Beneish M-Score. This places Blue Star Foods in the top 1% of its industry — outperforming the majority of peers. 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 Blue Star Foods and its competitors. Blue Star Foods's current Beneish M-Score is -11.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blue Star Foods stock overvalued right now?
Blue Star Foods (BSFC) has a current Beneish M-Score of -11.29. The current Beneish M-Score is -11.29. 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 Blue Star Foods (BSFC), the current Beneish M-Score is -11.29 as of Aug. 01, 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.
Blue Star Foods Corp is an international seafood company based in Miami. It imports, packages, and sells refrigerated pasteurized crab meat, and other premium seafood products. The company derives revenue from importing blue and red swimming crab meat from Indonesia, Philippines and China and distributing it in the United States and Canada under several premium brand names such as Blue Star, Oceanica, Pacifika, Crab & Go, First Choice, Good Stuff and Coastal Pride Fresh and TOBC steelhead salmon and rainbow trout fingerlings produced under the brand name Little Cedar Falls. The Company's products are sold in the United States and Canada.
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