BUBSF (BUBS Australia) Beneish M-Score: -2.60 (As of Jun. 27, 2026)


What is BUBS Australia Beneish M-Score?

BUBS Australia BUBSF Beneish M-Score is -2.60 as of Jun. 27, 2026. The stock has 5 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, BUBS Australia ranks better than 56.73% 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 -2.6 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BUBSF' s Beneish M-Score Range Over the Past 10 Years
Min: -7.46   Med: -2.51   Max: 1.45
Current: -2.6

During the past 13 years, the highest Beneish M-Score of BUBS Australia was 1.45. The lowest was -7.46. And the median was -2.51.

BUBS Australia Beneish M-Score Historical Data

* Premium members only.

The historical data trend for BUBS Australia'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.

BUBS Australia Beneish M-Score Chart

BUBS Australia Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.83 -2.28 -7.46 -2.50 -2.60

BUBS Australia Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -2.50 0.00 -2.60 0.00

BUBSF vs KHC, GIS: Beneish M-Score Comparison

For the Packaged Foods subindustry, BUBS Australia'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.

BUBS Australia Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, BUBS Australia's Beneish M-Score distribution charts can be found below:

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


BUBS Australia 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 BUBS Australia 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 * 0.8843+0.528 * 1.0149+0.404 * 1.1847+0.892 * 1.2614+0.115 * 0.9999
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.6568+4.679 * -0.117434-0.327 * 0.5627
=-2.62

* 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.

This Year (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was $6.91 Mil.
Revenue was $66.76 Mil.
Gross Profit was $31.94 Mil.
Total Current Assets was $33.13 Mil.
Total Assets was $37.22 Mil.
Property, Plant and Equipment(Net PPE) was $2.93 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.48 Mil.
Selling, General, & Admin. Expense(SGA) was $32.28 Mil.
Total Current Liabilities was $9.07 Mil.
Long-Term Debt & Capital Lease Obligation was $0.19 Mil.
Net Income was $3.61 Mil.
Gross Profit was $3.99 Mil.
Cash Flow from Operations was $3.99 Mil.
 Total Receivables was $6.19 Mil.
Revenue was $52.92 Mil.
Gross Profit was $25.70 Mil.
Total Current Assets was $39.59 Mil.
Total Assets was $44.33 Mil.
Property, Plant and Equipment(Net PPE) was $3.57 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.58 Mil.
Selling, General, & Admin. Expense(SGA) was $38.96 Mil.
Total Current Liabilities was $18.94 Mil.
Long-Term Debt & Capital Lease Obligation was $0.66 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)
=(6.906 / 66.76) / (6.191 / 52.924)
=0.103445 / 0.116979
=0.8843

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)
=(25.696 / 52.924) / (31.938 / 66.76)
=0.485526 / 0.4784
=1.0149

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 - (33.133 + 2.926) / 37.221) / (1 - (39.589 + 3.568) / 44.325)
=0.031219 / 0.026351
=1.1847

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
=66.76 / 52.924
=1.2614

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))
=(0.584 / (0.584 + 3.568)) / (0.479 / (0.479 + 2.926))
=0.140655 / 0.140675
=0.9999

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)
=(32.278 / 66.76) / (38.959 / 52.924)
=0.483493 / 0.736131
=0.6568

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)
=((0.193 + 9.068) / 37.221) / ((0.655 + 18.944) / 44.325)
=0.248811 / 0.442166
=0.5627

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
=(3.609 - 3.988 - 3.992) / 37.221
=-0.117434

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.

BUBS Australia has a M-score of -2.62 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 -2.60 mean?
BUBS Australia (BUBSF) has a Beneish M-Score of -2.60 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on BUBS Australia and its competitors. According to the industry distribution chart, BUBS Australia ranks #800 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 43.3%.
Is BUBS Australia's Beneish M-Score too high?
BUBS Australia's current Beneish M-Score is -2.60. Based on the distribution chart, BUBS Australia ranks #800 out of 1849 companies in the Consumer Packaged Goods industry, which is above the industry midpoint.
How does BUBS Australia's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, BUBS Australia ranks #800 out of 1849 companies for Beneish M-Score. This puts BUBS Australia 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 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 BUBS Australia and its competitors. BUBS Australia's current Beneish M-Score is -2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BUBS Australia stock overvalued right now?
Based on GuruFocus' analysis, BUBS Australia (BUBSF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.13, compared to a current price of $0.08 — trading 40.5% below its estimated fair value. The current Beneish M-Score is -2.60. 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 BUBS Australia (BUBSF), the current Beneish M-Score is -2.60 as of Jun. 27, 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.

BUBS Australia Business Description

Other Exchanges BUB:Australia
Address 23 Nina Link, Dandenong South, Melbourne, VIC, AUS, 3175
BUBS Australia Ltd is a producer of baby food. The Group offers a range of organic baby food, goat milk infant formula products, adult goat milk powder products, and fresh dairy products. The Group also provides canning services for nutritional dairy products.