Cloetta ABCLOEF 64 Beneish M-Score is -2.50 as of Jun. 25, 2026. GuruFocus rates CLOEF with a GF Score™ of 64/100 and a GF Value™ of $2.83 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, Cloetta AB ranks worse than 51.97% 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 -2.5 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Cloetta AB's Beneish M-Score or its related term are showing as below:
CLOEF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.27 Med: -2.57 Max: -2.26
Current: -2.5
During the past 13 years, the highest Beneish M-Score of Cloetta AB was -2.26. The lowest was -3.27. And the median was -2.57.
Cloetta AB Beneish M-Score Related Terms
Cloetta AB Beneish M-Score Historical Data
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The historical data trend for Cloetta AB'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.
CLOEF vs MDLZ, HSY, TR: Beneish M-Score Comparison
For the Confectioners subindustry, Cloetta AB'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.
Cloetta AB Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Cloetta AB's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Cloetta AB'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 Cloetta AB 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
+
0.528 * 1.0244
+
0.404 * 1.0217
+
0.892 * 1.1202
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9361
+
4.679 * -0.02434
-
0.327 * 0.8414
=
-2.40
* 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 + 157.311))
/
(0 / (0 + 166.896))
=
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
=
(79.817 - 0
-
108.007)
/
1158.181
=
-0.02434
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.
Cloetta AB has a M-score of -2.40 suggests that the company is unlikely to be a manipulator.
Cloetta AB (CLOEF) has a Beneish M-Score of -2.50 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Cloetta AB and its competitors. According to the industry distribution chart, Cloetta AB ranks #961 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 52%.
Is Cloetta AB's Beneish M-Score too high?
Cloetta AB's current Beneish M-Score is -2.50. Based on the distribution chart, Cloetta AB ranks #961 out of 1849 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Cloetta AB has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cloetta AB's Beneish M-Score compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Cloetta AB ranks #961 out of 1849 companies for Beneish M-Score. This places Cloetta AB in the lower 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 Cloetta AB and its competitors. Cloetta AB's current Beneish M-Score is -2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cloetta AB stock overvalued right now?
Based on GuruFocus' analysis, Cloetta AB (CLOEF) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.83, compared to a current price of $5.38 — trading 90% above its estimated fair value. The current Beneish M-Score is -2.50. Cloetta AB's overall GF Score™ is 64/100 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 Cloetta AB (CLOEF), the current Beneish M-Score is -2.50 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 Cloetta AB (CLOEF) Overvalued in 2026?
Based on GuruFocus' analysis, Cloetta AB stock appears to be overvalued.
The current stock price of $5.38 is trading 90% above its estimated GF Value™ of $2.83.
GuruFocus considers Cloetta AB to be Significantly Overvalued.
Key valuation signals for CLOEF:
Beneish M-Score: -2.50
GF Value™: $2.83 vs. price of $5.38 (90% above fair value)
No single metric tells the full story. See the CLOEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cloetta AB is a Northern Europe's confectionery company, with products sold in more than 60 countries through its own brands. The assortment mainly comprises candy, chocolate, pastilles and chewing gum. The company's brands include Red Band, Malaco, Kexchoklad, CandyKing, Ahlgrens Bilar, Gott & Blandat, Lakerol, Mynthon, Tupla and Juleskum. The Core markets of the company are Sweden, Finland, Denmark, Norway and the Netherlands. The company has six production units in five countries and is headquartered in Stockholm, Sweden.
64GF Score
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