RedoxFRA:AE0 55 Beneish M-Score is -0.63 as of Jun. 26, 2026. GuruFocus rates FRA:AE0 with a GF Score™ of 55/100 and a GF Value™ of €1.84. The stock has 8 warning signs investors should review. Among 1,530 Chemicals companies, Redox ranks worse than 94.05% 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 -0.63 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Redox's Beneish M-Score or its related term are showing as below:
FRA:AE0'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.13 Med: -1.53 Max: -0.63
Current: -0.63
During the past 6 years, the highest Beneish M-Score of Redox was -0.63. The lowest was -2.13. And the median was -1.53.
Redox Beneish M-Score Related Terms
Redox Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Redox'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.
For the Chemicals subindustry, Redox'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.
Redox Beneish M-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Redox's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Redox'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 Redox 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 * 1.0037
+
0.528 * 1.0826
+
0.404 * 4.7704
+
0.892 * 1.0007
+
0.115 * 0.9337
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0587
+
4.679 * 0.047113
-
0.327 * 1.0339
=
-0.72
* 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))
=
(5.192 / (5.192 + 25.897))
/
(5.917 / (5.917 + 27.165))
=
0.167004
/
0.178859
=
0.9337
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
=
(43.52 - -2.952
-
27)
/
413.3
=
0.047113
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.
Redox has a M-score of -0.72 signals that the company is likely to be a manipulator.
Redox (FRA:AE0) has a Beneish M-Score of -0.63 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Redox and its competitors. According to the industry distribution chart, Redox ranks #1439 out of 1530 companies in the Chemicals industry, placing it in the top 94.1%.
Is Redox's Beneish M-Score too high?
Redox's current Beneish M-Score is -0.63. Based on the distribution chart, Redox ranks #1439 out of 1530 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Redox has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Redox's Beneish M-Score compare to DOW?
According to the Chemicals industry distribution chart, Redox ranks #1439 out of 1530 companies for Beneish M-Score. This places Redox 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 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 Redox and its competitors. Redox's current Beneish M-Score is -0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Redox stock overvalued right now?
Redox (FRA:AE0) has a current Beneish M-Score of -0.63. The stock's GF Value™ is €1.84, compared to a current price of €2.38 — trading 29.3% above its estimated fair value. The current Beneish M-Score is -0.63. Redox's overall GF Score™ is 55/100 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 Redox (FRA:AE0), the current Beneish M-Score is -0.63 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 Redox (FRA:AE0) Overvalued in 2026?
Based on GuruFocus' analysis, Redox stock appears to be overvalued.
The current stock price of €2.38 is trading 29.3% above its estimated GF Value™ of €1.84.
Key valuation signals for FRA:AE0:
Beneish M-Score: -0.63
GF Value™: €1.84 vs. price of €2.38 (29.3% above fair value)
No single metric tells the full story. See the FRA:AE0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Redox is a distributor of chemicals for a diverse range of industries within Australia and New Zealand, North America, and Southeast Asia. It is the largest player in the Australian market, with approximately 5% market share in a very fragmented market. In Southeast Asia and the US it is a smaller player, but with growth ambitions. Redox sources over 5,000 stock keeping units from about 1,000 domestic and global chemical producers. Its customers are from a diverse range of more than 200 industry subsectors. About half of annual sales are in the categories of human and animal health, nutrition, food, and crop production and protection. Other categories include industrial, surface coatings, plastics, rubber and foam, household and personal care, water care, and mining and explosives.
55GF Score
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