Cebu AirCEBUY 63 Beneish M-Score is -2.66 as of Jul. 08, 2026. GuruFocus rates CEBUY with a GF Score™ of 63/100 and a GF Value™ of $4.37 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 964 Transportation companies, Cebu Air ranks better than 56.85% 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 -2.66 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Cebu Air's Beneish M-Score or its related term are showing as below:
CEBUY'
s Beneish M-Score Range Over the Past 10 Years
Min: -50.67 Med: -2.69 Max: 3.86
Current: -2.66
During the past 13 years, the highest Beneish M-Score of Cebu Air was 3.86. The lowest was -50.67. And the median was -2.69.
Cebu Air Beneish M-Score Related Terms
Cebu Air Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Cebu Air'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.
CEBUY vs DAL, UAL, LUV: Beneish M-Score Comparison
For the Airlines subindustry, Cebu Air'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.
Cebu Air Beneish M-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Cebu Air's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Cebu Air'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 Cebu Air 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 * 1.1601
+
0.528 * 0.8724
+
0.404 * 0.8984
+
0.892 * 1.1163
+
0.115 * 0.9532
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9614
+
4.679 * -0.070275
-
0.327 * 0.9717
=
-2.66
* 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))
=
(276.102 / (276.102 + 3053.534))
/
(326.019 / (326.019 + 3421.659))
=
0.082923
/
0.086992
=
0.9532
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
=
(185.348 - 0
-
488.464)
/
4313.283
=
-0.070275
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.
Cebu Air has a M-score of -2.66 suggests that the company is unlikely to be a manipulator.
Cebu Air (CEBUY) has a Beneish M-Score of -2.66 as of Jul. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Cebu Air and its competitors. According to the industry distribution chart, Cebu Air ranks #416 out of 964 companies in the Transportation industry, placing it in the top 43.2%.
Is Cebu Air's Beneish M-Score too high?
Cebu Air's current Beneish M-Score is -2.66. Based on the distribution chart, Cebu Air ranks #416 out of 964 companies in the Transportation industry, which is above the industry midpoint. Overall, Cebu Air has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cebu Air's Beneish M-Score compare to DAL and UAL?
According to the Transportation industry distribution chart, Cebu Air ranks #416 out of 964 companies for Beneish M-Score. This puts Cebu Air 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 Transportation company?
A good Beneish M-Score depends on the Transportation 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 Cebu Air and its competitors. Cebu Air's current Beneish M-Score is -2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cebu Air stock overvalued right now?
Based on GuruFocus' analysis, Cebu Air (CEBUY) is currently considered Possible Value Trap. The stock's GF Value™ is $4.37, compared to a current price of $2.60 — trading 40.5% below its estimated fair value. The current Beneish M-Score is -2.66. Cebu Air's overall GF Score™ is 63/100 with 7 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 Cebu Air (CEBUY), the current Beneish M-Score is -2.66 as of Jul. 08, 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 Cebu Air (CEBUY) Overvalued in 2026?
Based on GuruFocus' analysis, Cebu Air stock appears to be undervalued.
The current stock price of $2.60 is trading 40.5% below its estimated GF Value™ of $4.37.
GuruFocus considers Cebu Air to be Possible Value Trap.
Key valuation signals for CEBUY:
Beneish M-Score: -2.66
GF Value™: $4.37 vs. price of $2.60 (40.5% below fair value)
No single metric tells the full story. See the CEBUY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cebu Air Inc is a carrier in the Philippine air transportation industry. It has two reportable operating segments, has three reportable operating segments, which is the airline business (Parent Company, CEBGO and AirSWIFT), line, light and base maintenance business (A-Plus) and ground handling business (1Aviation). The revenue of the company was mainly derived from rendering transportation services, line, light and base maintenance services and ground handling services.
63GF Score
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