CHS (CHSCM.PFD) Beneish M-Score: 0.00 (As of Jun. 29, 2026)

What is CHS Beneish M-Score?

CHS CHSCM.PFD -0.74% Beneish M-Score is 0.00 as of Jun. 29, 2026. The stock has 1 warning sign investors should review.

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 CHS's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of CHS was 0.00. The lowest was -3.18. And the median was -2.28.

CHS Beneish M-Score Related Terms

CHS Beneish M-Score Historical Data

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The historical data trend for CHS'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.

CHS Beneish M-Score Chart

CHS Annual Data

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Beneish M-Score

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0.00

CHS Quarterly Data
	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19
Beneish M-Score	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

CHSCM.PFD vs RSSFF, NWGFF, TURV: Beneish M-Score Comparison

For the Farm Products subindustry, CHS'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.

CHS Beneish M-Score vs Consumer Packaged Goods Industry

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

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

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CHS 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 CHS 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 * 1.2201

0.528 * 0.5094

0.404 * 0.9698

0.892 * 1.0338

0.115 * 0.9852

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0491

4.679 * -0.056115

0.327 * 0.9403

-2.77

This Year (Feb19) TTM:

Last Year (Feb18) TTM:

Total Receivables was $2,227.06 Mil.
Revenue was 6483.539 + 8484.289 + 8755.839 + 9027.525 = $32,751.19 Mil.
Gross Profit was 427.413 + 470.641 + 339.103 + 298.611 = $1,535.77 Mil.
Total Current Assets was $7,390.70 Mil.
Total Assets was $16,936.17 Mil.
Property, Plant and Equipment(Net PPE) was $5,016.20 Mil.
Depreciation, Depletion and Amortization(DDA) was $471.33 Mil.
Selling, General, & Admin. Expense(SGA) was $687.13 Mil.
Total Current Liabilities was $6,258.25 Mil.
Long-Term Debt & Capital Lease Obligation was $1,744.50 Mil.
Net Income was 248.766 + 347.504 + 199.817 + 229.333 = $1,025.42 Mil.
Non Operating Income was 53.479 + 91.642 + 43.48 + 197.98 = $386.58 Mil.
Cash Flow from Operations was -30.453 + -94.798 + 1219.599 + 494.867 = $1,589.22 Mil.

Total Receivables was $1,765.64 Mil.
Revenue was 6980.153 + 8031.884 + 8054.68 + 8614.09 = $31,680.81 Mil.
Gross Profit was 134.969 + 320.492 + 54.119 + 247.102 = $756.68 Mil.
Total Current Assets was $7,193.51 Mil.
Total Assets was $17,084.86 Mil.
Property, Plant and Equipment(Net PPE) was $5,179.87 Mil.
Depreciation, Depletion and Amortization(DDA) was $478.84 Mil.
Selling, General, & Admin. Expense(SGA) was $633.58 Mil.
Total Current Liabilities was $6,669.87 Mil.
Long-Term Debt & Capital Lease Obligation was $1,915.84 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)
	=	(2227.064 / 32751.192)	/	(1765.64 / 31680.807)
	=	0.067999	/	0.055732
	=	1.2201

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)
	=	(756.682 / 31680.807)	/	(1535.768 / 32751.192)
	=	0.023885	/	0.046892
	=	0.5094

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 - (7390.699 + 5016.202) / 16936.174)	/	(1 - (7193.505 + 5179.868) / 17084.862)
	=	0.267432	/	0.27577
	=	0.9698

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
	=	32751.192	/	31680.807
	=	1.0338

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))
	=	(478.842 / (478.842 + 5179.868))	/	(471.329 / (471.329 + 5016.202))
	=	0.08462	/	0.085891
	=	0.9852

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)
	=	(687.127 / 32751.192)	/	(633.578 / 31680.807)
	=	0.02098	/	0.019999
	=	1.0491

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)
	=	((1744.502 + 6258.252) / 16936.174)	/	((1915.843 + 6669.866) / 17084.862)
	=	0.472524	/	0.502533
	=	0.9403

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
	=	(1025.42 - 386.581	-	1589.215)	/	16936.174
	=	-0.056115

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.

CHS has a M-score of -2.77 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 0.00 mean?

CHS (CHSCM.PFD) has a Beneish M-Score of 0.00 as of Jun. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on CHS and its competitors.

Is CHS's Beneish M-Score too high?

CHS's current Beneish M-Score is 0.00.

How does CHS's Beneish M-Score compare to RSSFF and NWGFF?

CHS'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 CHS and its competitors. CHS'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 CHS stock overvalued right now?

CHS (CHSCM.PFD) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. 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 CHS (CHSCM.PFD), the current Beneish M-Score is 0.00 as of Jun. 29, 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.

CHS Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies RSSFF NWGFF TURV HMPPF YEWB GLGLF CMCI ABAC NNUTU SHMP SEED EYTH ACMB SIAF CMGHF VFFIF SANW INPCF CMLZF ALCO

Address 5500 Cenex Drive, Inver Grove Heights, MN, USA, 55077

Website https://www.chsinc.com

CHS Inc is an integrated agricultural enterprise, that provides grain, food, and energy resources to businesses and consumers. Its Energy segment produces and provides wholesale distribution of petroleum products and transportation of those products. Its Ag segment, which is the key revenue driver, purchases and processes or resells grains and oilseeds; serves as a wholesaler and retailer of crop inputs; produces and markets ethanol. Its Nitrogen Production segment consists of equity method investment in CF Nitrogen, which entitles the purchase of up to a specified quantity of granular urea and UAN annually from CF Nitrogen. Geographically, the company derives maximum revenue from North America and the rest from South America, Asia Pacific, Europe, Middle East, and Africa (EMEA).