Royal Unibrew ASCHIX:RBREWC 79 Beneish M-Score is -2.66 as of Jun. 26, 2026. GuruFocus rates CHIX:RBREWC with a GF Score™ of 79/100 and a GF Value™ of kr587.02 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 201 Beverages - Alcoholic companies, Royal Unibrew AS ranks better than 55.22% 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 Royal Unibrew AS's Beneish M-Score or its related term are showing as below:
CHIX:RBREWc'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.85 Med: -2.56 Max: -1.3
Current: -2.66
During the past 13 years, the highest Beneish M-Score of Royal Unibrew AS was -1.30. The lowest was -2.85. And the median was -2.56.
Royal Unibrew AS Beneish M-Score Related Terms
Royal Unibrew AS Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Royal Unibrew AS'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.
CHIX:RBREWC vs STZ, TAP: Beneish M-Score Comparison
For the Beverages - Brewers subindustry, Royal Unibrew AS'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.
Royal Unibrew AS Beneish M-Score vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Royal Unibrew AS's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Royal Unibrew AS'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 Royal Unibrew AS 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 * 0.9766
+
0.528 * 0.9911
+
0.404 * 0.999
+
0.892 * 1.0522
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9754
+
4.679 * -0.046232
-
0.327 * 0.9674
=
-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))
=
(0 / (0 + 4986))
/
(0 / (0 + 5235))
=
0
/
0
=
1
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
=
(1604 - 0
-
2474)
/
18818
=
-0.046232
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.
Royal Unibrew AS has a M-score of -2.66 suggests that the company is unlikely to be a manipulator.
Royal Unibrew AS (CHIX:RBREWC) has a Beneish M-Score of -2.66 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Royal Unibrew AS and its competitors. According to the industry distribution chart, Royal Unibrew AS ranks #90 out of 201 companies in the Beverages - Alcoholic industry, placing it in the top 44.8%.
Is Royal Unibrew AS's Beneish M-Score too high?
Royal Unibrew AS's current Beneish M-Score is -2.66. Based on the distribution chart, Royal Unibrew AS ranks #90 out of 201 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Royal Unibrew AS has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Royal Unibrew AS's Beneish M-Score compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Royal Unibrew AS ranks #90 out of 201 companies for Beneish M-Score. This puts Royal Unibrew AS 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 Beverages - Alcoholic company?
A good Beneish M-Score depends on the Beverages - Alcoholic 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 Royal Unibrew AS and its competitors. Royal Unibrew AS'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 Royal Unibrew AS stock overvalued right now?
Based on GuruFocus' analysis, Royal Unibrew AS (CHIX:RBREWC) is currently considered Significantly Undervalued. The stock's GF Value™ is kr587.02, compared to a current price of kr407.80 — trading 30.5% below its estimated fair value. The current Beneish M-Score is -2.66. Royal Unibrew AS's overall GF Score™ is 79/100 with 6 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 Royal Unibrew AS (CHIX:RBREWC), the current Beneish M-Score is -2.66 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 Royal Unibrew AS (CHIX:RBREWC) Overvalued in 2026?
Based on GuruFocus' analysis, Royal Unibrew AS stock appears to be undervalued.
The current stock price of kr407.80 is trading 30.5% below its estimated GF Value™ of kr587.02.
GuruFocus considers Royal Unibrew AS to be Significantly Undervalued.
Key valuation signals for CHIX:RBREWC:
Beneish M-Score: -2.66
GF Value™: kr587.02 vs. price of kr407.80 (30.5% below fair value)
No single metric tells the full story. See the CHIX:RBREWC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Royal Unibrew AS manufactures and sells beverages, including beer, malt beverages, cider, soft drinks, juice, and water. The company produces and distributes its own brands and partner brands, with its largest licensing agreements with PepsiCo and Heineken. Royal Unibrew was founded in 1989 and listed on the Copenhagen stock exchange in 1998.In 2024, Royal Unibrew took over PepsiCo's beverage business in Luxembourg and Belgium. In 2025, Royal Unibrew finalized its acquisition of Pernod Ricard's portfolio of Nordic brands, including spirits, liqueurs, and wines.
79GF Score
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