Selena FMFRA:3Z3 -2.30%90 Beneish M-Score is -2.66 as of Jun. 26, 2026. GuruFocus rates FRA:3Z3 with a GF Score™ of 90/100 and a GF Value™ of €8.25 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,530 Chemicals companies, Selena FM ranks better than 63.92% 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 -2.66 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Selena FM's Beneish M-Score or its related term are showing as below:
FRA:3Z3'
s Beneish M-Score Range Over the Past 10 Years
Min: -3 Med: -2.59 Max: -1.63
Current: -2.66
During the past 13 years, the highest Beneish M-Score of Selena FM was -1.63. The lowest was -3.00. And the median was -2.59.
Selena FM Beneish M-Score Related Terms
Selena FM Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Selena FM'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:3Z3 vs LIN, SHW, ECL: Beneish M-Score Comparison
For the Specialty Chemicals subindustry, Selena FM'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.
Selena FM Beneish M-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Selena FM's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Selena FM'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 Selena FM 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 * 1.0964
+
0.528 * 0.9456
+
0.404 * 1.0682
+
0.892 * 1.0161
+
0.115 * 0.9411
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9744
+
4.679 * -0.063905
-
0.327 * 0.928
=
-2.66
* 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))
=
(10.596 / (10.596 + 98.11))
/
(11.248 / (11.248 + 97.349))
=
0.097474
/
0.103576
=
0.9411
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
=
(27.356 - 0
-
49.196)
/
341.755
=
-0.063905
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.
Selena FM has a M-score of -2.66 suggests that the company is unlikely to be a manipulator.
Selena FM (FRA:3Z3) has a Beneish M-Score of -2.66 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Selena FM and its competitors. According to the industry distribution chart, Selena FM ranks #552 out of 1530 companies in the Chemicals industry, placing it in the top 36.1%.
Is Selena FM's Beneish M-Score too high?
Selena FM's current Beneish M-Score is -2.66. Based on the distribution chart, Selena FM ranks #552 out of 1530 companies in the Chemicals industry, which is above the industry midpoint. Overall, Selena FM has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Selena FM's Beneish M-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Selena FM ranks #552 out of 1530 companies for Beneish M-Score. This puts Selena FM 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 Chemicals company?
A good Beneish M-Score depends on the Chemicals 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 Selena FM and its competitors. Selena FM's current Beneish M-Score is -2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Selena FM stock overvalued right now?
Based on GuruFocus' analysis, Selena FM (FRA:3Z3) is currently considered Modestly Overvalued. The stock's GF Value™ is €8.25, compared to a current price of €10.60 — trading 28.5% above its estimated fair value. The current Beneish M-Score is -2.66. Selena FM's overall GF Score™ is 90/100 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 Selena FM (FRA:3Z3), the current Beneish M-Score is -2.66 as of Jun. 26, 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 Selena FM (FRA:3Z3) Overvalued in 2026?
Based on GuruFocus' analysis, Selena FM stock appears to be overvalued.
The current stock price of €10.60 is trading 28.5% above its estimated GF Value™ of €8.25.
GuruFocus considers Selena FM to be Modestly Overvalued.
Key valuation signals for FRA:3Z3:
Beneish M-Score: -2.66
GF Value™: €8.25 vs. price of €10.60 (28.5% above fair value)
No single metric tells the full story. See the FRA:3Z3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Selena FM SA is a Poland-based company engaged in the construction materials sector. The core business of the group includes the production, distribution, and sale of construction chemicals, building materials for doors and windows, and general building accessories. Its products include polyurethane foams, adhesives, sealants, building insulation systems, flooring systems, interior wall systems, ceramic tile systems, construction mortars, waterproofing materials, and other products primarily under Tytan, Quilosa, Artelit, Cool-R, and Matizol brand names. The company's geographical segments include European Union; Eastern Europe and Asia, and North and South America. It derives a majority of its revenue from the European Union.
90GF Score
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