Aquafil SpAECNLF 67 Beneish M-Score is -2.88 as of Jun. 30, 2026. GuruFocus rates ECNLF with a GF Score™ of 67/100 and a GF Value™ of $1.52. The stock has 3 warning signs investors should review. Among 1,001 Manufacturing - Apparel & Accessories companies, Aquafil SpA ranks better than 75.82% 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 -2.88 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Aquafil SpA's Beneish M-Score or its related term are showing as below:
ECNLF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.25 Med: -2.79 Max: -2.42
Current: -2.88
During the past 10 years, the highest Beneish M-Score of Aquafil SpA was -2.42. The lowest was -3.25. And the median was -2.79.
Aquafil SpA Beneish M-Score Related Terms
Aquafil SpA Beneish M-Score Historical Data
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The historical data trend for Aquafil SpA'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 Textile Manufacturing subindustry, Aquafil SpA'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.
Aquafil SpA Beneish M-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Aquafil SpA's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Aquafil SpA'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 Aquafil SpA 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 * 0.9525
+
0.528 * 0.9414
+
0.404 * 0.9866
+
0.892 * 1.0843
+
0.115 * 0.9311
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0687
+
4.679 * -0.054709
-
0.327 * 1.0531
=
-2.78
* 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))
=
(56.606 / (56.606 + 244.597))
/
(58.459 / (58.459 + 231.167))
=
0.187933
/
0.201843
=
0.9311
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
=
(-5.496 - 0
-
34.584)
/
732.605
=
-0.054709
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.
Aquafil SpA has a M-score of -2.78 suggests that the company is unlikely to be a manipulator.
Aquafil SpA (ECNLF) has a Beneish M-Score of -2.88 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Aquafil SpA and its competitors. According to the industry distribution chart, Aquafil SpA ranks #242 out of 1001 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 24.2%.
Is Aquafil SpA's Beneish M-Score too high?
Aquafil SpA's current Beneish M-Score is -2.88. Based on the distribution chart, Aquafil SpA ranks #242 out of 1001 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Aquafil SpA has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Aquafil SpA's Beneish M-Score compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Aquafil SpA ranks #242 out of 1001 companies for Beneish M-Score. This places Aquafil SpA in the top 24% of its industry — outperforming the majority of peers. 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 Aquafil SpA and its competitors. Aquafil SpA's current Beneish M-Score is -2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aquafil SpA stock overvalued right now?
Aquafil SpA (ECNLF) has a current Beneish M-Score of -2.88. The stock's GF Value™ is $1.52, compared to a current price of $1.47 — trading 3.3% below its estimated fair value. The current Beneish M-Score is -2.88. Aquafil SpA's overall GF Score™ is 67/100 with 3 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 Aquafil SpA (ECNLF), the current Beneish M-Score is -2.88 as of Jun. 30, 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 Aquafil SpA (ECNLF) Overvalued in 2026?
Based on GuruFocus' analysis, Aquafil SpA stock appears to be undervalued.
The current stock price of $1.47 is trading 3.3% below its estimated GF Value™ of $1.52.
Key valuation signals for ECNLF:
Beneish M-Score: -2.88
GF Value™: $1.52 vs. price of $1.47 (3.3% below fair value)
No single metric tells the full story. See the ECNLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aquafil SpA is engaged in the business of manufacturing polyamides. It produces and sells fibers and polymers, principally polyamide 6, scale through the: BCF Product Line (carpet fibers), or synthetic yarns mainly intended for the textile flooring sector and used in contract segments (hotels, airports, offices, etc.), residential buildings and the automotive market; NTF Product Line (clothing fibers), or synthetic yarns mainly intended for the clothing sector (sportswear, classic, technical or specialist apparel); Polymers Product Line, or plastic raw materials, mainly targeting the engineering plastics sector for subsequent use in the molding industry. Its products are also sold on the market under the ECONYL brand.
67GF Score
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