AGCOFRA:AGJ -0.87%77 Beneish M-Score is -2.44 as of Jun. 27, 2026. GuruFocus rates FRA:AGJ with a GF Score™ of 77/100 and a GF Value™ of €78.57 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 205 Farm & Heavy Construction Machinery companies, AGCO ranks worse than 51.22% 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 -2.44 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for AGCO's Beneish M-Score or its related term are showing as below:
FRA:AGJ'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.8 Med: -2.52 Max: -1.99
Current: -2.44
During the past 13 years, the highest Beneish M-Score of AGCO was -1.99. The lowest was -2.80. And the median was -2.52.
AGCO Beneish M-Score Related Terms
AGCO Beneish M-Score Historical Data
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The historical data trend for AGCO'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:AGJ vs OSK, TEX, FSS: Beneish M-Score Comparison
For the Farm & Heavy Construction Machinery subindustry, AGCO'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.
AGCO Beneish M-Score vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, AGCO's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where AGCO'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 AGCO 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 * 1.0562
+
0.528 * 0.9705
+
0.404 * 1.0557
+
0.892 * 0.8904
+
0.115 * 1.0256
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0029
+
4.679 * 0.000862
-
0.327 * 0.94
=
-2.49
* 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))
=
(307.357 / (307.357 + 1893.845))
/
(288.217 / (288.217 + 1828.783))
=
0.139631
/
0.136144
=
1.0256
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
=
(662.52 - -21.126
-
674.672)
/
10415.378
=
0.000862
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.
AGCO has a M-score of -2.49 suggests that the company is unlikely to be a manipulator.
AGCO (FRA:AGJ) has a Beneish M-Score of -2.44 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on AGCO and its competitors. According to the industry distribution chart, AGCO ranks #105 out of 205 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 51.2%.
Is AGCO's Beneish M-Score too high?
AGCO's current Beneish M-Score is -2.44. Based on the distribution chart, AGCO ranks #105 out of 205 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, AGCO has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AGCO's Beneish M-Score compare to OSK and TEX?
According to the Farm & Heavy Construction Machinery industry distribution chart, AGCO ranks #105 out of 205 companies for Beneish M-Score. This places AGCO 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 Farm & Heavy Construction Machinery company?
A good Beneish M-Score depends on the Farm & Heavy Construction Machinery 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 AGCO and its competitors. AGCO's current Beneish M-Score is -2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AGCO stock overvalued right now?
Based on GuruFocus' analysis, AGCO (FRA:AGJ) is currently considered Significantly Overvalued. The stock's GF Value™ is €78.57, compared to a current price of €102.90 — trading 31% above its estimated fair value. The current Beneish M-Score is -2.44. AGCO's overall GF Score™ is 77/100 with 7 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 AGCO (FRA:AGJ), the current Beneish M-Score is -2.44 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.
Is AGCO (FRA:AGJ) Overvalued in 2026?
Based on GuruFocus' analysis, AGCO stock appears to be overvalued.
The current stock price of €102.90 is trading 31% above its estimated GF Value™ of €78.57.
GuruFocus considers AGCO to be Significantly Overvalued.
Key valuation signals for FRA:AGJ:
Beneish M-Score: -2.44
GF Value™: €78.57 vs. price of €102.90 (31% above fair value)
No single metric tells the full story. See the FRA:AGJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Agco is a global manufacturer of agricultural equipment. Its main machine brands are Fendt, Massey Ferguson, and Valtra; its initiatives in precision agriculture have been organized under the PTx umbrella following a series of acquisitions. While a global business, Agco's sales skew heavily toward Europe/Middle East, representing 50%-60% of sales and even more of operating profits. The company is trying to increase its exposure to the larger North and South American markets. Its products are available through a global dealer network, which includes over 3,000 dealers and distribution locations and reaches into over 140 countries. Additionally, Agco offers retail and wholesale financing to customers through its partnership with Rabobank of the Netherlands, having exited their JV in 2026.
77GF Score
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