UBM Holding (BUD:UBM) Beneish M-Score: 0.00 (As of Jun. 25, 2026)


BUD:UBM UBM Holding PLC BUD:UBM
22 GF Score
Price Ft1,050.00
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What is UBM Holding Beneish M-Score?

UBM Holding BUD:UBM 22 Beneish M-Score is 0.00 as of Jun. 25, 2026. GuruFocus rates BUD:UBM with a GF Score™ of 22/100.

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.

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

During the past 4 years, the highest Beneish M-Score of UBM Holding was 0.00. The lowest was 0.00. And the median was 0.00.

UBM Holding Beneish M-Score Historical Data

* Premium members only.

The historical data trend for UBM Holding'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.

UBM Holding Beneish M-Score Chart

UBM Holding Annual Data
Trend Dec16 Dec17 Dec18 Dec19
Beneish M-Score
0.00 0.00 0.00 0.00

UBM Holding Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

BUD:UBM vs ADM, TSN, BG: Beneish M-Score Comparison

For the Farm Products subindustry, UBM Holding'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.

UBM Holding Beneish M-Score vs Consumer Packaged Goods Industry

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

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


BUD:UBM
22GF Score
UBM Holding PLC BUD:UBM
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

UBM Holding 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 UBM Holding 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Dec19) TTM:Last Year (Dec18) TTM:
Total Receivables was Ft56.32 Mil.
Revenue was Ft0.00 Mil.
Gross Profit was Ft0.00 Mil.
Total Current Assets was Ft74.74 Mil.
Total Assets was Ft77.73 Mil.
Property, Plant and Equipment(Net PPE) was Ft0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was Ft0.00 Mil.
Selling, General, & Admin. Expense(SGA) was Ft1.46 Mil.
Total Current Liabilities was Ft6.85 Mil.
Long-Term Debt & Capital Lease Obligation was Ft0.00 Mil.
Net Income was Ft-12.90 Mil.
Gross Profit was Ft0.00 Mil.
Cash Flow from Operations was Ft-14.59 Mil.
 Total Receivables was Ft68.19 Mil.
Revenue was Ft0.00 Mil.
Gross Profit was Ft-0.00 Mil.
Total Current Assets was Ft72.56 Mil.
Total Assets was Ft75.65 Mil.
Property, Plant and Equipment(Net PPE) was Ft0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was Ft0.00 Mil.
Selling, General, & Admin. Expense(SGA) was Ft1.48 Mil.
Total Current Liabilities was Ft6.87 Mil.
Long-Term Debt & Capital Lease Obligation was Ft0.00 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)
=(56.323 / 0) / (68.187 / 0)
= /
=

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)
=(-0.002 / 0) / (0 / 0)
= /
=

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 - (74.744 + 0) / 77.728) / (1 - (72.56 + 0) / 75.648)
=0.03839 / 0.040821
=

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
=0 / 0
=

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 / (0 + 0)) / (0 / (0 + 0))
= /
=

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)
=(1.463 / 0) / (1.484 / 0)
= /
=

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 + 6.85) / 77.728) / ((0 + 6.869) / 75.648)
=0.088128 / 0.090802
=

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
=(-12.901 - 0 - -14.589) / 77.728
=0.021717

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
UBM Holding (BUD:UBM) has a Beneish M-Score of 0.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on UBM Holding and its competitors.
Is UBM Holding's Beneish M-Score too high?
UBM Holding's current Beneish M-Score is 0.00. Overall, UBM Holding has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does UBM Holding's Beneish M-Score compare to ADM and TSN?
UBM Holding's Beneish M-Score of 0.00 can be compared against companies in the Consumer Packaged Goods 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 UBM Holding and its competitors. UBM Holding's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UBM Holding stock overvalued right now?
UBM Holding (BUD:UBM) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. UBM Holding's overall GF Score™ is 22/100. 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 UBM Holding (BUD:UBM), the current Beneish M-Score is 0.00 as of Jun. 25, 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.

UBM Holding Business Description

Address Kisvasut utca 1, Pilisvorosvar, HUN, 2085
UBM Holding PLC operates three core businesses which are protein trade, grain and oilseeds trade and feed materials. The firm trades protein, cereal and feed.
22GF Score

Get the complete analysis for BUD:UBM

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

Ft1,050.00
Price