Columbia Sportswear CoCOLM -0.96%82 Beneish M-Score is -2.64 as of Jun. 25, 2026. GuruFocus rates COLM with a GF Score™ of 82/100 and a GF Value™ of $85.03 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,003 Manufacturing - Apparel & Accessories companies, Columbia Sportswear Co ranks better than 59.92% 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 -2.64 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Columbia Sportswear Co's Beneish M-Score or its related term are showing as below:
COLM'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.75 Med: -2.64 Max: -1.35
Current: -2.64
During the past 13 years, the highest Beneish M-Score of Columbia Sportswear Co was -1.35. The lowest was -3.75. And the median was -2.64.
Columbia Sportswear Co Beneish M-Score Related Terms
Columbia Sportswear Co Beneish M-Score Historical Data
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The historical data trend for Columbia Sportswear 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 Apparel Manufacturing subindustry, Columbia Sportswear 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.
Columbia Sportswear Co Beneish M-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Columbia Sportswear Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Columbia Sportswear Co's Beneish M-Score falls into.
Columbia Sportswear 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 Columbia Sportswear 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 * 0.9438
+
0.528 * 0.9956
+
0.404 * 0.9562
+
0.892 * 1.0062
+
0.115 * 0.9627
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0323
+
4.679 * -0.016648
-
0.327 * 1.0287
=
-2.64
* 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))
=
(54.339 / (54.339 + 690.653))
/
(57.061 / (57.061 + 696.04))
=
0.072939
/
0.075768
=
0.9627
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
=
(169.284 - -25.436
-
237.399)
/
2563.586
=
-0.016648
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.
Columbia Sportswear Co has a M-score of -2.64 suggests that the company is unlikely to be a manipulator.
Columbia Sportswear Co (COLM) has a Beneish M-Score of -2.64 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Columbia Sportswear Co and its competitors. According to the industry distribution chart, Columbia Sportswear Co ranks #402 out of 1003 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 40.1%.
Is Columbia Sportswear Co's Beneish M-Score too high?
Columbia Sportswear Co's current Beneish M-Score is -2.64. Based on the distribution chart, Columbia Sportswear Co ranks #402 out of 1003 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Columbia Sportswear Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Columbia Sportswear Co's Beneish M-Score compare to ZGN and KTB?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Columbia Sportswear Co ranks #402 out of 1003 companies for Beneish M-Score. This puts Columbia Sportswear 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Columbia Sportswear Co and its competitors. Columbia Sportswear Co's current Beneish M-Score is -2.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Columbia Sportswear Co stock overvalued right now?
Based on GuruFocus' analysis, Columbia Sportswear Co (COLM) is currently considered Modestly Undervalued. The stock's GF Value™ is $85.03, compared to a current price of $63.91 — trading 24.8% below its estimated fair value. The current Beneish M-Score is -2.64. Columbia Sportswear Co's overall GF Score™ is 82/100 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 Columbia Sportswear Co (COLM), the current Beneish M-Score is -2.64 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 Columbia Sportswear Co (COLM) Overvalued in 2026?
Based on GuruFocus' analysis, Columbia Sportswear Co stock appears to be undervalued.
The current stock price of $63.91 is trading 24.8% below its estimated GF Value™ of $85.03.
GuruFocus considers Columbia Sportswear Co to be Modestly Undervalued.
Key valuation signals for COLM:
Beneish M-Score: -2.64
GF Value™: $85.03 vs. price of $63.91 (24.8% below fair value)
No single metric tells the full story. See the COLM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Columbia Sportswear Co makes outdoor and active-lifestyle apparel, footwear, equipment, and accessories that it sells under four primary brands: Columbia, Sorel, Mountain Hardwear, and prAna. The majority of sales are in the United States, but the company also has remarkable sales in its three other geographic segments: Latin American and Asia-Pacific; Europe, Middle East, and Africa; and Canada. The majority of sales are through wholesale channels, including sporting goods and department stores, but the company also operates its own branded stores in each of its geographic segments. It sources products from around the world and uses contract manufacturers outside the United States, predominantly in Asia to manufacture its various products.
82GF Score
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