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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 -2.56 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Mercedes-Benz Group AG's Beneish M-Score or its related term are showing as below:
BUE:MBG GR'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.09 Med: -2.45 Max: -2.05
Current: -2.56
During the past 13 years, the highest Beneish M-Score of Mercedes-Benz Group AG was -2.05. The lowest was -3.09. And the median was -2.45.
Mercedes-Benz Group AG Beneish M-Score Related Terms
Mercedes-Benz Group AG Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Mercedes-Benz Group AG'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.
BUE:MBG GR vs TSLA, GM, F: Beneish M-Score Comparison
For the Auto Manufacturers subindustry, Mercedes-Benz Group AG'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.
Mercedes-Benz Group AG Beneish M-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Mercedes-Benz Group AG's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Mercedes-Benz Group AG's Beneish M-Score falls into.
Mercedes-Benz Group AG 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 Mercedes-Benz Group AG 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 * 0.9758
+
0.528 * 1.0743
+
0.404 * 0.9791
+
0.892 * 1.3329
+
0.115 * 0.836
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0398
+
4.679 * -0.032436
-
0.327 * 0.9916
=
-2.35
* 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))
=
(8114713.118 / (8114713.118 + 96484945.85))
/
(12010584.974 / (12010584.974 + 117410934.808))
=
0.077579
/
0.092802
=
0.836
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
=
(8316183.844 - 0
-
22691580.67)
/
443193685.609
=
-0.032436
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.
Mercedes-Benz Group AG has a M-score of -2.35 suggests that the company is unlikely to be a manipulator.
Mercedes-Benz Group AG (BUE:MBG GR) has a Beneish M-Score of -2.56 as of Aug. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Mercedes-Benz Group AG and its competitors. According to the industry distribution chart, Mercedes-Benz Group AG ranks #616 out of 1274 companies in the Vehicles & Parts industry, placing it in the top 48.4%.
Is Mercedes-Benz Group AG's Beneish M-Score too high?
Mercedes-Benz Group AG's current Beneish M-Score is -2.56. Based on the distribution chart, Mercedes-Benz Group AG ranks #616 out of 1274 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Mercedes-Benz Group AG has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Mercedes-Benz Group AG's Beneish M-Score compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Mercedes-Benz Group AG ranks #616 out of 1274 companies for Beneish M-Score. This puts Mercedes-Benz Group AG 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Mercedes-Benz Group AG and its competitors. Mercedes-Benz Group AG's current Beneish M-Score is -2.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercedes-Benz Group AG stock overvalued right now?
Mercedes-Benz Group AG (BUE:MBG GR) has a current Beneish M-Score of -2.56. The stock's GF Value™ is ARS33.50, compared to a current price of ARS28.75 — trading 14.2% below its estimated fair value. The current Beneish M-Score is -2.56. Mercedes-Benz Group AG's overall GF Score™ is 71/100 with 5 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 Mercedes-Benz Group AG (BUE:MBG GR), the current Beneish M-Score is -2.56 as of Aug. 09, 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 Mercedes-Benz Group AG (BUE:MBG GR) Overvalued in 2026?
Based on GuruFocus' analysis, Mercedes-Benz Group AG stock appears to be undervalued.
The current stock price of ARS28.75 is trading 14.2% below its estimated GF Value™ of ARS33.50.
Key valuation signals for BUE:MBG GR:
Beneish M-Score: -2.56
GF Value™: ARS33.50 vs. price of ARS28.75 (14.2% below fair value)
No single metric tells the full story. See the BUE:MBG GR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercedes-Benz Group is a premium automotive original equipment manufacturer, selling around 2 million passenger cars, including its Chinese joint venture, and just under 400,000 vans per year. The company's financial profile improved significantly following the spinoff of Daimler Truck in 2021. Unlike most automotive OEMs, Mercedes operates under its brand alone. In 2025, 15% of its passenger cars sold were top end (G Class, Maybach, AMG, S Class), 58% were core (C and E Class), and 27% entry (A and B Class). In volume terms, Asia and Europe are Mercedes' largest markets, representing 41% and 36% of 2025 vehicle sales, respectively, followed by North America at 16%.
71GF Score
Get the complete analysis for BUE:MBG GR
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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