CAWW (CCA Industries) Beneish M-Score: -3.49 (As of Jun. 26, 2026)

What is CCA Industries Beneish M-Score?

CCA Industries CAWW -2.42% 35 Beneish M-Score is -3.49 as of Jun. 26, 2026. GuruFocus rates CAWW with a GF Score™ of 35/100 and a GF Value™ of $0.25 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, CCA Industries ranks better than 93.4% 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 -3.49 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

CAWW' s Beneish M-Score Range Over the Past 10 Years
Min: -7.23 Med: -3.28 Max: -1.99
Current: -3.49

During the past 13 years, the highest Beneish M-Score of CCA Industries was -1.99. The lowest was -7.23. And the median was -3.28.

CCA Industries Beneish M-Score Related Terms

CCA Industries Beneish M-Score Historical Data

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The historical data trend for CCA Industries'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.

CCA Industries Beneish M-Score Chart

CCA Industries Annual Data

Trend

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov24

Nov25

Beneish M-Score

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-2.10

-1.99

-3.28

-7.23

-3.49

CCA Industries Semi-Annual Data
	Nov01	Nov02	Nov03	Nov04	Nov05	Nov06	Nov07	Nov08	Nov09	Nov10	Nov11	Nov12	Nov13	Nov14	Nov15	Nov16	Nov17	Nov18	Nov24	Nov25
Beneish M-Score	Get a 7-Day Free Trial															-2.10	-1.99	-3.28	-7.23	-3.49

CAWW vs BYAH, NASO, SKVI: Beneish M-Score Comparison

For the Household & Personal Products subindustry, CCA Industries'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.

CCA Industries Beneish M-Score vs Consumer Packaged Goods Industry

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

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

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35GF Score

CCA Industries Inc CAWW

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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CCA Industries 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 CCA Industries for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.7433

0.528 * 1.0667

0.404 * 1.1577

0.892 * 0.7654

0.115 * 0.75

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.8481

4.679 * -0.132588

0.327 * 1.1167

-3.49

This Year (Nov25) TTM:

Last Year (Nov24) TTM:

Total Receivables was $0.33 Mil.
Revenue was $5.92 Mil.
Gross Profit was $3.60 Mil.
Total Current Assets was $1.93 Mil.
Total Assets was $4.83 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $4.19 Mil.
Total Current Liabilities was $2.07 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was $-0.77 Mil.
Gross Profit was $0.00 Mil.
Cash Flow from Operations was $-0.13 Mil.

Total Receivables was $0.57 Mil.
Revenue was $7.74 Mil.
Gross Profit was $5.01 Mil.
Total Current Assets was $2.71 Mil.
Total Assets was $5.63 Mil.
Property, Plant and Equipment(Net PPE) was $0.01 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.01 Mil.
Selling, General, & Admin. Expense(SGA) was $6.45 Mil.
Total Current Liabilities was $2.16 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 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)
	=	(0.326 / 5.923)	/	(0.573 / 7.738)
	=	0.05504	/	0.07405
	=	0.7433

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)
	=	(5.01 / 7.738)	/	(3.595 / 5.923)
	=	0.647454	/	0.606956
	=	1.0667

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 - (1.932 + 0.002) / 4.827)	/	(1 - (2.708 + 0.006) / 5.627)
	=	0.599337	/	0.517683
	=	1.1577

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
	=	5.923	/	7.738
	=	0.7654

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))
	=	(0.006 / (0.006 + 0.006))	/	(0.004 / (0.004 + 0.002))
	=	0.5	/	0.666667
	=	0.75

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)
	=	(4.189 / 5.923)	/	(6.453 / 7.738)
	=	0.707243	/	0.833936
	=	0.8481

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 + 2.072) / 4.827)	/	((0 + 2.163) / 5.627)
	=	0.429252	/	0.384397
	=	1.1167

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
	=	(-0.766 - 0	-	-0.126)	/	4.827
	=	-0.132588

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.

CCA Industries has a M-score of -3.49 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 -3.49 mean?

CCA Industries (CAWW) has a Beneish M-Score of -3.49 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on CCA Industries and its competitors. According to the industry distribution chart, CCA Industries ranks #122 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 6.6%.

Is CCA Industries' Beneish M-Score too high?

CCA Industries' current Beneish M-Score is -3.49. Based on the distribution chart, CCA Industries ranks #122 out of 1849 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, CCA Industries has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does CCA Industries' Beneish M-Score compare to BYAH and NASO?

According to the Consumer Packaged Goods industry distribution chart, CCA Industries ranks #122 out of 1849 companies for Beneish M-Score. This places CCA Industries in the top 7% 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 CCA Industries and its competitors. CCA Industries's current Beneish M-Score is -3.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is CCA Industries stock overvalued right now?

Based on GuruFocus' analysis, CCA Industries (CAWW) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.25, compared to a current price of $0.48 — trading 93.2% above its estimated fair value. The current Beneish M-Score is -3.49. CCA Industries' overall GF Score™ is 35/100 with 4 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 CCA Industries (CAWW), the current Beneish M-Score is -3.49 as of Jun. 26, 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 CCA Industries (CAWW) Overvalued in 2026?

Based on GuruFocus' analysis, CCA Industries stock appears to be overvalued. The current stock price of $0.48 is trading 93.2% above its estimated GF Value™ of $0.25. GuruFocus considers CCA Industries to be Significantly Overvalued.

Key valuation signals for CAWW:

Beneish M-Score: -3.49
GF Value™: $0.25 vs. price of $0.48 (93.2% above fair value)
GF Score™: 35/100 with 4 warning signs

No single metric tells the full story. See the CAWW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CCA Industries Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies BYAH NASO SKVI XAGE SNBH DQWS DSY RAY PURE TANH PG XPAR:OR LSE:ULVR CL BOM:500696 LSE:RKT KVUE KMB EL XTER:HEN3

Address 500 OFFICE CENTER DRIVE, SUITE 400, FORT WASHINGTON, PA, USA, 19034

Website https://www.ccainvestor.com

CCA Industries Inc is a fast-moving consumer goods company. It is engaged in manufacturing and distributing health and beauty aid products. The company markets its products under several brand names such as Plus+White, Sudden Change, Nutra Nail, Bikini Zone, Hair Off, Solar Sense, Sunset Cafe, Lobe Miracle and Scar Zone. Its products are marketed and sold to the drug, food chains, mass merchandisers, and wholesale beauty aids distributors throughout the United States and Canada.

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$0.48

Price

$0.25

GF Value

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