Barramundi Group (FRA:95Z) Beneish M-Score: -1.06 (As of Jun. 25, 2026)


FRA:95Z Barramundi Group Ltd FRA:95Z
22 GF Score
Price €0.06
GF Value €0.02
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Barramundi Group Beneish M-Score?

Barramundi Group FRA:95Z -4.13% 22 Beneish M-Score is -1.06 as of Jun. 25, 2026. GuruFocus rates FRA:95Z with a GF Score™ of 22/100 and a GF Value™ of €0.02 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, Barramundi Group ranks worse than 90.86% 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.

Warning Sign:

Beneish M-Score -1.06 higher than -1.78, which implies that the company might have manipulated its financial results.

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

FRA:95Z' s Beneish M-Score Range Over the Past 10 Years
Min: -25.42   Med: -3.55   Max: -1.06
Current: -1.06

During the past 9 years, the highest Beneish M-Score of Barramundi Group was -1.06. The lowest was -25.42. And the median was -3.55.


Barramundi Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Barramundi Group'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.

Barramundi Group Beneish M-Score Chart

Barramundi Group Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only -3.55 -3.44 -3.36 -4.21 -1.06

Barramundi Group Semi-Annual Data
Dec17 Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.36 0.00 -4.21 0.00 -1.06

FRA:95Z vs ADM, BG, TSN: Beneish M-Score Comparison

For the Farm Products subindustry, Barramundi Group'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.


Barramundi Group Beneish M-Score vs Consumer Packaged Goods Industry

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

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


FRA:95Z
22GF Score
Barramundi Group Ltd FRA:95Z
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Barramundi Group 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 Barramundi Group 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 * 0.8516+0.528 * 1.9688+0.404 * 0.9012+0.892 * 0.8814+0.115 * 1.0062
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9259+4.679 * 0.238221-0.327 * 0.8105
=-1.06

* 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.

This Year (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was €1.03 Mil.
Revenue was €8.67 Mil.
Gross Profit was €-0.43 Mil.
Total Current Assets was €6.74 Mil.
Total Assets was €19.00 Mil.
Property, Plant and Equipment(Net PPE) was €11.45 Mil.
Depreciation, Depletion and Amortization(DDA) was €1.74 Mil.
Selling, General, & Admin. Expense(SGA) was €2.78 Mil.
Total Current Liabilities was €3.00 Mil.
Long-Term Debt & Capital Lease Obligation was €10.37 Mil.
Net Income was €1.59 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €-2.93 Mil.
Total Receivables was €1.37 Mil.
Revenue was €9.84 Mil.
Gross Profit was €-0.97 Mil.
Total Current Assets was €6.14 Mil.
Total Assets was €20.81 Mil.
Property, Plant and Equipment(Net PPE) was €13.69 Mil.
Depreciation, Depletion and Amortization(DDA) was €2.10 Mil.
Selling, General, & Admin. Expense(SGA) was €3.40 Mil.
Total Current Liabilities was €15.11 Mil.
Long-Term Debt & Capital Lease Obligation was €2.96 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)
=(1.029 / 8.671) / (1.371 / 9.838)
=0.118671 / 0.139358
=0.8516

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)
=(-0.965 / 9.838) / (-0.432 / 8.671)
=-0.098089 / -0.049821
=1.9688

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 - (6.742 + 11.451) / 18.995) / (1 - (6.142 + 13.693) / 20.81)
=0.042222 / 0.046852
=0.9012

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
=8.671 / 9.838
=0.8814

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))
=(2.098 / (2.098 + 13.693)) / (1.742 / (1.742 + 11.451))
=0.13286 / 0.13204
=1.0062

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)
=(2.777 / 8.671) / (3.403 / 9.838)
=0.320263 / 0.345904
=0.9259

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)
=((10.371 + 3.001) / 18.995) / ((2.96 + 15.114) / 20.81)
=0.703975 / 0.868525
=0.8105

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
=(1.593 - 0 - -2.932) / 18.995
=0.238221

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.

Barramundi Group has a M-score of -1.06 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.06 mean?
Barramundi Group (FRA:95Z) has a Beneish M-Score of -1.06 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Barramundi Group and its competitors. According to the industry distribution chart, Barramundi Group ranks #1680 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 90.9%.
Is Barramundi Group's Beneish M-Score too high?
Barramundi Group's current Beneish M-Score is -1.06. Based on the distribution chart, Barramundi Group ranks #1680 out of 1849 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Barramundi Group has a GF Score™ of 22/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Barramundi Group's Beneish M-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Barramundi Group ranks #1680 out of 1849 companies for Beneish M-Score. This places Barramundi Group in the lower 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 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 Barramundi Group and its competitors. Barramundi Group's current Beneish M-Score is -1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Barramundi Group stock overvalued right now?
Based on GuruFocus' analysis, Barramundi Group (FRA:95Z) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.02, compared to a current price of €0.06 — trading 190% above its estimated fair value. The current Beneish M-Score is -1.06. Barramundi Group's overall GF Score™ is 22/100 with 6 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 Barramundi Group (FRA:95Z), the current Beneish M-Score is -1.06 as of Jun. 25, 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 Barramundi Group (FRA:95Z) Overvalued in 2026?

Based on GuruFocus' analysis, Barramundi Group stock appears to be overvalued. The current stock price of €0.06 is trading 190% above its estimated GF Value™ of €0.02. GuruFocus considers Barramundi Group to be Significantly Overvalued.

Key valuation signals for FRA:95Z:

  • Beneish M-Score: -1.06
  • GF Value™: €0.02 vs. price of €0.06 (190% above fair value)
  • GF Score™: 22/100 with 6 warning signs

No single metric tells the full story. See the FRA:95Z stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Barramundi Group Business Description

Other Exchanges BARRA:Norway
Address 35 Fishery Port Road, No. 116, New Fish Merchant Building, Singapore, SGP, 619742
Barramundi Group Ltd brings a premium white fish with a sweet, buttery taste and delicate texture. The company's operations span the entire value chain, from Genetics and Fish Health to Farming, Product Innovation, and Distribution. The principal activities of the Company are those of commercial farming, distribution, and sale of seawater barramundi. Its products are marketed under the Kuhlbarra brand name in various markets, as well as under the Cone Bay Ocean and Fassler Gourmet brands.
22GF Score

Get the complete analysis for FRA:95Z

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.06
Price
€0.02
GF Value