Benchmark Holdings (FRA:31B) Beneish M-Score: 0.00 (As of Jun. 27, 2026)

What is Benchmark Holdings Beneish M-Score?

Benchmark Holdings FRA:31B 30 Beneish M-Score is 0.00 as of Jun. 27, 2026. GuruFocus rates FRA:31B with a GF Score™ of 30/100.

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.

The historical rank and industry rank for Benchmark Holdings's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Benchmark Holdings was 0.00. The lowest was 0.00. And the median was 0.00.

Benchmark Holdings Beneish M-Score Related Terms

Benchmark Holdings Beneish M-Score Historical Data

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The historical data trend for Benchmark Holdings'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.

Benchmark Holdings Beneish M-Score Chart

Benchmark Holdings Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Beneish M-Score

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-3.10

-2.42

-2.73

-2.77

-3.54

Benchmark Holdings Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Beneish M-Score	Get a 7-Day Free Trial															0.00	0.00	-3.54	0.00	0.00

FRA:31B vs JBS, KHC, K: Beneish M-Score Comparison

For the Packaged Foods subindustry, Benchmark Holdings'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.

Benchmark Holdings Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Benchmark Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Benchmark Holdings's Beneish M-Score falls into.

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30GF Score

Benchmark Holdings PLC FRA:31B

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Benchmark Holdings 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 Benchmark Holdings for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.7288

0.528 * 1.1093

0.404 * 0.6327

0.892 * 0.8933

0.115 * 0.4058

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * -0.107736

0.327 * 1.1626

-3.54

This Year (Sep24) TTM:

Last Year (Sep23) TTM:

Total Receivables was €31.49 Mil.
Revenue was €107.70 Mil.
Gross Profit was €52.38 Mil.
Total Current Assets was €301.41 Mil.
Total Assets was €458.73 Mil.
Property, Plant and Equipment(Net PPE) was €16.88 Mil.
Depreciation, Depletion and Amortization(DDA) was €39.94 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €174.32 Mil.
Long-Term Debt & Capital Lease Obligation was €3.38 Mil.
Net Income was €-47.03 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €2.39 Mil.

Total Receivables was €48.37 Mil.
Revenue was €120.56 Mil.
Gross Profit was €65.04 Mil.
Total Current Assets was €173.98 Mil.
Total Assets was €546.54 Mil.
Property, Plant and Equipment(Net PPE) was €108.10 Mil.
Depreciation, Depletion and Amortization(DDA) was €43.15 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €87.06 Mil.
Long-Term Debt & Capital Lease Obligation was €95.04 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI	=	(Receivables_t / Revenue_t)	/	(Receivables_t-1 / Revenue_t-1)
	=	(31.492 / 107.697)	/	(48.374 / 120.561)
	=	0.292413	/	0.401241
	=	0.7288

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI	=	GrossMargin_t-1	/	GrossMargin_t
	=	(GrossProfit_t-1 / Revenue_t-1)	/	(GrossProfit_t / Revenue_t)
	=	(65.038 / 120.561)	/	(52.376 / 107.697)
	=	0.539461	/	0.486327
	=	1.1093

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI	=	(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t)	/	(1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
	=	(1 - (301.406 + 16.875) / 458.725)	/	(1 - (173.977 + 108.097) / 546.539)
	=	0.306162	/	0.48389
	=	0.6327

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

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.

SGI	=	Sales_t	/	Sales_t-1
	=	Revenue_t	/	Revenue_t-1
	=	107.697	/	120.561
	=	0.8933

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

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))
	=	(43.148 / (43.148 + 108.097))	/	(39.943 / (39.943 + 16.875))
	=	0.285285	/	0.702999
	=	0.4058

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

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI	=	(SGA_t / Sales_t)	/	(SGA_t-1 /Sales_t-1)
	=	(0 / 107.697)	/	(0 / 120.561)
	=	0	/	0
	=	1

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI	=	((LTD_t + CurrentLiabilities_t) / TotalAssets_t)	/	((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
	=	((3.381 + 174.318) / 458.725)	/	((95.038 + 87.062) / 546.539)
	=	0.387376	/	0.333188
	=	1.1626

8. TATA = Total Accruals to Total Assets

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
	=	(-47.033 - 0	-	2.388)	/	458.725
	=	-0.107736

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.

Benchmark Holdings has a M-score of -3.54 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 0.00 mean?

Benchmark Holdings (FRA:31B) has a Beneish M-Score of 0.00 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Benchmark Holdings and its competitors.

Is Benchmark Holdings' Beneish M-Score too high?

Benchmark Holdings' current Beneish M-Score is 0.00. Overall, Benchmark Holdings has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.

How does Benchmark Holdings' Beneish M-Score compare to JBS and KHC?

Benchmark Holdings' Beneish M-Score of 0.00 can be compared against companies in the Consumer Packaged Goods 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 Benchmark Holdings and its competitors. Benchmark Holdings's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Benchmark Holdings stock overvalued right now?

Benchmark Holdings (FRA:31B) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Benchmark Holdings' overall GF Score™ is 30/100. 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 Benchmark Holdings (FRA:31B), the current Beneish M-Score is 0.00 as of Jun. 27, 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.

Benchmark Holdings Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies LSE:CARR LSE:ANP LSE:VLE LSE:SALT LSE:ZAM LSE:TOO LSE:UKR LSE:APN XSWX:NESN XPAR:BN JBS SHSE:603288 KHC K TSE:2802 GIS SZSE:300999 SHSE:600887 NSE:NESTLEIND LSE:ABF

Address Yeoman Way, Benchmark House, Highdown House, West Sussex, Worthing, Sussex, GBR, BN99 3HH

Website https://www.benchmarkplc.com

Benchmark Holdings PLC offers products and solutions that improve farming efficiency, growth, and animal health and welfare for aquaculture producers. Its portfolio of products and solutions includes salmon eggs, live feed (artemia), diets and probiotics, sea lice treatments, and others. The company's reportable segments are; Genetics, Advanced Nutrition, and Health. Maximum revenue for the company is generated from its Advanced Nutrition segment which manufactures and provides nutrition and health products to the aquaculture industry. The Health segment focuses on providing health products to the aquaculture market. Geographically, the company derives its maximum revenue from Norway and the rest from Chile, Iceland, Canada, Greece, China, the United Kingdom, and other markets.

30GF Score

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