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FLSmidth ASFLIDF 69 Beneish M-Score is -2.84 as of Aug. 02, 2026. GuruFocus rates FLIDF with a GF Score™ of 69/100 and a GF Value™ of $44.27. The stock has 2 warning signs investors should review. Among 2,908 Industrial Products companies, FLSmidth AS ranks better than 81.33% 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 -2.84 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for FLSmidth AS's Beneish M-Score or its related term are showing as below:
FLIDF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.17 Med: -2.6 Max: -2.13
Current: -2.84
During the past 13 years, the highest Beneish M-Score of FLSmidth AS was -2.13. The lowest was -3.17. And the median was -2.60.
The historical data trend for FLSmidth AS'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 Specialty Industrial Machinery subindustry, FLSmidth AS'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.
FLSmidth AS Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, FLSmidth AS's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where FLSmidth AS'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 FLSmidth AS 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 * 0.8574
+
0.528 * 0.9335
+
0.404 * 1.0019
+
0.892 * 0.967
+
0.115 * 0.8222
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9364
+
4.679 * -0.021267
-
0.327 * 1.0001
=
-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))
=
(64.924 / (64.924 + 360.906))
/
(84.96 / (84.96 + 373.223))
=
0.152465
/
0.185428
=
0.8222
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
=
(99.137 - 0
-
173.048)
/
3475.322
=
-0.021267
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.
FLSmidth AS has a M-score of -2.78 suggests that the company is unlikely to be a manipulator.
FLSmidth AS (FLIDF) has a Beneish M-Score of -2.84 as of Aug. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on FLSmidth AS and its competitors. According to the industry distribution chart, FLSmidth AS ranks #543 out of 2908 companies in the Industrial Products industry, placing it in the top 18.7%.
Is FLSmidth AS's Beneish M-Score too high?
FLSmidth AS's current Beneish M-Score is -2.84. Based on the distribution chart, FLSmidth AS ranks #543 out of 2908 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, FLSmidth AS has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does FLSmidth AS's Beneish M-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, FLSmidth AS ranks #543 out of 2908 companies for Beneish M-Score. This places FLSmidth AS in the top 19% 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 FLSmidth AS and its competitors. FLSmidth AS's current Beneish M-Score is -2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FLSmidth AS stock overvalued right now?
FLSmidth AS (FLIDF) has a current Beneish M-Score of -2.84. The stock's GF Value™ is $44.27, compared to a current price of $78.86 — trading 78.1% above its estimated fair value. The current Beneish M-Score is -2.84. FLSmidth AS's overall GF Score™ is 69/100 with 2 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 FLSmidth AS (FLIDF), the current Beneish M-Score is -2.84 as of Aug. 02, 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 FLSmidth AS (FLIDF) Overvalued in 2026?
Based on GuruFocus' analysis, FLSmidth AS stock appears to be overvalued.
The current stock price of $78.86 is trading 78.1% above its estimated GF Value™ of $44.27.
Key valuation signals for FLIDF:
Beneish M-Score: -2.84
GF Value™: $44.27 vs. price of $78.86 (78.1% above fair value)
No single metric tells the full story. See the FLIDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FLSmidth & Co AS is a Denmark-based company thatsupplies technologies and services to the mining industry, including solutions across processing flowsheets. Its offerings are aimed at supporting operational efficiency, risk management, and environmental considerations in the production of metals and minerals. The company's three segments are: Service, Products, and Pumps, Cyclones & Valves (PC&V). The majority of the company's revenue is generated from the Service segment. Geographically, the company operates across North America, South America, Europe, the Middle East & Africa, and Asia & Australia. Among all regions, South America contributes the majority of revenue.
69GF Score
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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