AritziaFRA:280 -2.50%82 Beneish M-Score is -2.81 as of Jun. 24, 2026. GuruFocus rates FRA:280 with a GF Score™ of 82/100 and a GF Value™ of €45.23 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,087 Retail - Cyclical companies, Aritzia ranks better than 67.43% 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 -2.81 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Aritzia's Beneish M-Score or its related term are showing as below:
FRA:280'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.53 Med: -2.75 Max: -1.71
Current: -2.81
During the past 13 years, the highest Beneish M-Score of Aritzia was -1.71. The lowest was -4.53. And the median was -2.75.
Aritzia Beneish M-Score Related Terms
Aritzia Beneish M-Score Historical Data
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The historical data trend for Aritzia'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.
FRA:280 vs TJX, ROST, BURL: Beneish M-Score Comparison
For the Apparel Retail subindustry, Aritzia'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.
Aritzia Beneish M-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Aritzia's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Aritzia'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 Aritzia 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 * 1.2007
+
0.528 * 0.9609
+
0.404 * 0.7653
+
0.892 * 1.2539
+
0.115 * 0.9884
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9504
+
4.679 * -0.152219
-
0.327 * 1.0345
=
-2.90
* 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))
=
(125.359 / (125.359 + 926.179))
/
(133.573 / (133.573 + 973.853))
=
0.119215
/
0.120616
=
0.9884
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
=
(237.094 - 22.169
-
510.795)
/
1943.715
=
-0.152219
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.
Aritzia has a M-score of -2.90 suggests that the company is unlikely to be a manipulator.
Aritzia (FRA:280) has a Beneish M-Score of -2.81 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Aritzia and its competitors. According to the industry distribution chart, Aritzia ranks #354 out of 1087 companies in the Retail - Cyclical industry, placing it in the top 32.6%.
Is Aritzia's Beneish M-Score too high?
Aritzia's current Beneish M-Score is -2.81. Based on the distribution chart, Aritzia ranks #354 out of 1087 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Aritzia has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aritzia's Beneish M-Score compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Aritzia ranks #354 out of 1087 companies for Beneish M-Score. This puts Aritzia 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 Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 Aritzia and its competitors. Aritzia's current Beneish M-Score is -2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aritzia stock overvalued right now?
Based on GuruFocus' analysis, Aritzia (FRA:280) is currently considered Significantly Overvalued. The stock's GF Value™ is €45.23, compared to a current price of €97.50 — trading 115.6% above its estimated fair value. The current Beneish M-Score is -2.81. Aritzia's overall GF Score™ is 82/100 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 Aritzia (FRA:280), the current Beneish M-Score is -2.81 as of Jun. 24, 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 Aritzia (FRA:280) Overvalued in 2026?
Based on GuruFocus' analysis, Aritzia stock appears to be overvalued.
The current stock price of €97.50 is trading 115.6% above its estimated GF Value™ of €45.23.
GuruFocus considers Aritzia to be Significantly Overvalued.
Key valuation signals for FRA:280:
Beneish M-Score: -2.81
GF Value™: €45.23 vs. price of €97.50 (115.6% above fair value)
No single metric tells the full story. See the FRA:280 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories. The company reports as a single segment and includes all sales channels accessed by the company's clients, including sales through the company's eCommerce website and sales at the company's boutiques. Its geographical segments include Canada and the United States, of which it generates the majority of its revenue from the United States.
82GF Score
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