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 -2.69 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Bird Construction's Beneish M-Score or its related term are showing as below:
FRA:6LT'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.23 Med: -2.31 Max: -1.36
Current: -2.69
During the past 13 years, the highest Beneish M-Score of Bird Construction was -1.36. The lowest was -3.23. And the median was -2.31.
Bird Construction Beneish M-Score Related Terms
Bird Construction Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Bird Construction'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:6LT vs PWR, FIX, EME: Beneish M-Score Comparison
For the Engineering & Construction subindustry, Bird Construction'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.
Bird Construction Beneish M-Score vs Construction Industry
For the Construction industry and Industrials sector, Bird Construction's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Bird Construction'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 Bird Construction 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 * 1.0714
+
0.528 * 0.953
+
0.404 * 0.8217
+
0.892 * 0.9483
+
0.115 * 1.3291
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1091
+
4.679 * -0.030551
-
0.327 * 1.0354
=
-2.69
* 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))
=
(48.092 / (48.092 + 119.177))
/
(49.772 / (49.772 + 180.313))
=
0.287513
/
0.21632
=
1.3291
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
=
(30.936 - -34.981
-
102.814)
/
1207.708
=
-0.030551
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.
Bird Construction has a M-score of -2.69 suggests that the company is unlikely to be a manipulator.
Bird Construction (FRA:6LT) has a Beneish M-Score of -2.69 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bird Construction and its competitors. According to the industry distribution chart, Bird Construction ranks #583 out of 1704 companies in the Construction industry, placing it in the top 34.2%.
Is Bird Construction's Beneish M-Score too high?
Bird Construction's current Beneish M-Score is -2.69. Based on the distribution chart, Bird Construction ranks #583 out of 1704 companies in the Construction industry, which is above the industry midpoint. Overall, Bird Construction has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bird Construction's Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Bird Construction ranks #583 out of 1704 companies for Beneish M-Score. This puts Bird Construction 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Bird Construction and its competitors. Bird Construction's current Beneish M-Score is -2.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bird Construction stock overvalued right now?
Based on GuruFocus' analysis, Bird Construction (FRA:6LT) is currently considered Significantly Overvalued. The stock's GF Value™ is €15.63, compared to a current price of €37.50 — trading 139.9% above its estimated fair value. The current Beneish M-Score is -2.69. Bird Construction's overall GF Score™ is 74/100 with 8 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 Bird Construction (FRA:6LT), the current Beneish M-Score is -2.69 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 Bird Construction (FRA:6LT) Overvalued in 2026?
Based on GuruFocus' analysis, Bird Construction stock appears to be overvalued.
The current stock price of €37.50 is trading 139.9% above its estimated GF Value™ of €15.63.
GuruFocus considers Bird Construction to be Significantly Overvalued.
Key valuation signals for FRA:6LT:
Beneish M-Score: -2.69
GF Value™: €15.63 vs. price of €37.50 (139.9% above fair value)
No single metric tells the full story. See the FRA:6LT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bird Construction Inc. is a construction company operating from coast to coast and servicing all Canada's markets. The group provides a comprehensive range of construction services, self-perform capabilities, and solutions to the industrial, buildings, and infrastructure markets. The Company uses a variety of contract delivery methods including construction management, cost reimbursable, integrated project delivery (IPD), alliance agreement, progressive design-build - target price, progressive design build, design-build finance, design-build, stipulated sum, unit price, and public private partnership (PPP) contract delivery methods.
74GF Score
Get the complete analysis for FRA:6LT
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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