Fossil GroupFRA:FSL -2.95%47 Beneish M-Score is -2.37 as of Jun. 25, 2026. GuruFocus rates FRA:FSL with a GF Score™ of 47/100 and a GF Value™ of €0.96 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,003 Manufacturing - Apparel & Accessories companies, Fossil Group ranks worse than 60.92% 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 -2.37 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Fossil Group's Beneish M-Score or its related term are showing as below:
FRA:FSL'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.69 Med: -2.7 Max: -1.96
Current: -2.37
During the past 13 years, the highest Beneish M-Score of Fossil Group was -1.96. The lowest was -3.69. And the median was -2.70.
Fossil Group Beneish M-Score Related Terms
Fossil Group Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Fossil 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.
FRA:FSL vs RCKY, WEYS, FWDI: Beneish M-Score Comparison
For the Footwear & Accessories subindustry, Fossil 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.
Fossil Group Beneish M-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Fossil Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Fossil Group'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 Fossil 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 * 1.0702
+
0.528 * 0.9693
+
0.404 * 1.5051
+
0.892 * 0.8196
+
0.115 * 1.2595
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9587
+
4.679 * -0.009009
-
0.327 * 1.0701
=
-2.42
* 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))
=
(13.88 / (13.88 + 145.656))
/
(9.791 / (9.791 + 131.949))
=
0.087002
/
0.069077
=
1.2595
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
=
(-52.508 - -30.848
-
-16.559)
/
566.181
=
-0.009009
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.
Fossil Group has a M-score of -2.42 suggests that the company is unlikely to be a manipulator.
Fossil Group (FRA:FSL) has a Beneish M-Score of -2.37 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Fossil Group and its competitors. According to the industry distribution chart, Fossil Group ranks #611 out of 1003 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 60.9%.
Is Fossil Group's Beneish M-Score too high?
Fossil Group's current Beneish M-Score is -2.37. Based on the distribution chart, Fossil Group ranks #611 out of 1003 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Fossil Group has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fossil Group's Beneish M-Score compare to RCKY and WEYS?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Fossil Group ranks #611 out of 1003 companies for Beneish M-Score. This places Fossil 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Fossil Group and its competitors. Fossil Group's current Beneish M-Score is -2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fossil Group stock overvalued right now?
Based on GuruFocus' analysis, Fossil Group (FRA:FSL) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.96, compared to a current price of €3.48 — trading 262.7% above its estimated fair value. The current Beneish M-Score is -2.37. Fossil Group's overall GF Score™ is 47/100 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 Fossil Group (FRA:FSL), the current Beneish M-Score is -2.37 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 Fossil Group (FRA:FSL) Overvalued in 2026?
Based on GuruFocus' analysis, Fossil Group stock appears to be overvalued.
The current stock price of €3.48 is trading 262.7% above its estimated GF Value™ of €0.96.
GuruFocus considers Fossil Group to be Significantly Overvalued.
Key valuation signals for FRA:FSL:
Beneish M-Score: -2.37
GF Value™: €0.96 vs. price of €3.48 (262.7% above fair value)
No single metric tells the full story. See the FRA:FSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fossil Group Inc is a design, innovation, and distribution company in consumer fashion accessories, offering products such as watches, jewelry, handbags, small leather goods, belts, and sunglasses. It designs, develops, markets, and distributes products under its owned brands FOSSIL, SKAGEN, MICHELE, RELIC, and ZODIAC. It operates through Americas, Europe, and Asia segments, each including sales to wholesale and distributor customers, as well as Company-owned retail stores and e-commerce activities based on the location of the selling entity. The Americas segment contributes the majority of revenue and includes sales across Canada, Latin America, and the United States, while the Europe and Asia segments cover their respective regions. Each segment provides similar products and services.
47GF Score
Get the complete analysis for FRA:FSL
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:FSL has been successfully added to your 
