China Mengniu Dairy CoCIADF 77 Beneish M-Score is -2.82 as of Jun. 25, 2026. GuruFocus rates CIADF with a GF Score™ of 77/100 and a GF Value™ of $2.23 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, China Mengniu Dairy Co ranks better than 74.63% 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 -2.82 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for China Mengniu Dairy Co's Beneish M-Score or its related term are showing as below:
CIADF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.41 Med: -2.7 Max: -1.78
Current: -2.82
During the past 13 years, the highest Beneish M-Score of China Mengniu Dairy Co was -1.78. The lowest was -3.41. And the median was -2.70.
China Mengniu Dairy Co Beneish M-Score Related Terms
China Mengniu Dairy Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for China Mengniu Dairy Co'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.
For the Packaged Foods subindustry, China Mengniu Dairy Co'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.
China Mengniu Dairy Co Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, China Mengniu Dairy Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where China Mengniu Dairy Co's Beneish M-Score falls into.
China Mengniu Dairy Co 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 China Mengniu Dairy Co 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 * 1.0582
+
0.528 * 0.992
+
0.404 * 0.9597
+
0.892 * 0.9588
+
0.115 * 0.9181
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0166
+
4.679 * -0.074604
-
0.327 * 0.9236
=
-2.82
* 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))
=
(467.91 / (467.91 + 3343.804))
/
(472.042 / (472.042 + 3058.355))
=
0.122756
/
0.133708
=
0.9181
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
=
(219.41 - 0
-
1242.406)
/
13712.281
=
-0.074604
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.
China Mengniu Dairy Co has a M-score of -2.82 suggests that the company is unlikely to be a manipulator.
China Mengniu Dairy Co (CIADF) has a Beneish M-Score of -2.82 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on China Mengniu Dairy Co and its competitors. According to the industry distribution chart, China Mengniu Dairy Co ranks #469 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 25.4%.
Is China Mengniu Dairy Co's Beneish M-Score too high?
China Mengniu Dairy Co's current Beneish M-Score is -2.82. Based on the distribution chart, China Mengniu Dairy Co ranks #469 out of 1849 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, China Mengniu Dairy Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Mengniu Dairy Co's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, China Mengniu Dairy Co ranks #469 out of 1849 companies for Beneish M-Score. This puts China Mengniu Dairy Co 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 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 China Mengniu Dairy Co and its competitors. China Mengniu Dairy Co's current Beneish M-Score is -2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Mengniu Dairy Co stock overvalued right now?
Based on GuruFocus' analysis, China Mengniu Dairy Co (CIADF) is currently considered Fairly Valued. The stock's GF Value™ is $2.23, compared to a current price of $2.17 — trading 2.9% below its estimated fair value. The current Beneish M-Score is -2.82. China Mengniu Dairy Co's overall GF Score™ is 77/100 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 China Mengniu Dairy Co (CIADF), the current Beneish M-Score is -2.82 as of Jun. 25, 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 China Mengniu Dairy Co (CIADF) Overvalued in 2026?
Based on GuruFocus' analysis, China Mengniu Dairy Co stock appears to be undervalued.
The current stock price of $2.17 is trading 2.9% below its estimated GF Value™ of $2.23.
GuruFocus considers China Mengniu Dairy Co to be Fairly Valued.
Key valuation signals for CIADF:
Beneish M-Score: -2.82
GF Value™: $2.23 vs. price of $2.17 (2.9% below fair value)
No single metric tells the full story. See the CIADF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Mengniu Dairy is China's second-largest dairy producer by market share. The company produces a wide range of dairy products, including liquid milk, yogurt, ice cream, infant milk formula, and cheese. Liquid milk, composed of milk, milk beverages, and yogurt, contributed roughly 80% of Mengniu's revenue in 2024. Flagship lineups include Deluxe, Mengniu Pure Milk, Just Yoghurt, and Yoyi C. Mengniu also owns two infant formula brands, Yashili and Bellamy, as well as Milkground, a cheese brand.
77GF Score
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