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Kewaunee ScientificFRA:KEW -4.88%72 Beneish M-Score is -2.69 as of Jul. 22, 2026. GuruFocus rates FRA:KEW with a GF Score™ of 72/100 and a GF Value™ of €37.88 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 417 Furnishings, Fixtures & Appliances companies, Kewaunee Scientific ranks better than 64.03% 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 -2.69 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Kewaunee Scientific's Beneish M-Score or its related term are showing as below:
FRA:KEW'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.06 Med: -2.44 Max: -1.81
Current: -2.69
During the past 13 years, the highest Beneish M-Score of Kewaunee Scientific was -1.81. The lowest was -3.06. And the median was -2.44.
Kewaunee Scientific Beneish M-Score Related Terms
Kewaunee Scientific Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Kewaunee Scientific'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:KEW vs VIRC, BSET, VIOT: Beneish M-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, Kewaunee Scientific'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.
Kewaunee Scientific Beneish M-Score vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Kewaunee Scientific's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Kewaunee Scientific'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 Kewaunee Scientific 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 * 0.8324
+
0.528 * 1.0022
+
0.404 * 1.0809
+
0.892 * 1.0867
+
0.115 * 0.7557
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.055072
-
0.327 * 0.7879
=
-2.74
* 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))
=
(4.403 / (4.403 + 32.164))
/
(5.373 / (5.373 + 28.35))
=
0.120409
/
0.159327
=
0.7557
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
=
(8.237 - 0.754
-
15.879)
/
152.456
=
-0.055072
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.
Kewaunee Scientific has a M-score of -2.74 suggests that the company is unlikely to be a manipulator.
Kewaunee Scientific (FRA:KEW) has a Beneish M-Score of -2.69 as of Jul. 22, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kewaunee Scientific and its competitors. According to the industry distribution chart, Kewaunee Scientific ranks #150 out of 417 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 36%.
Is Kewaunee Scientific's Beneish M-Score too high?
Kewaunee Scientific's current Beneish M-Score is -2.69. Based on the distribution chart, Kewaunee Scientific ranks #150 out of 417 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Kewaunee Scientific has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kewaunee Scientific's Beneish M-Score compare to VIRC and BSET?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Kewaunee Scientific ranks #150 out of 417 companies for Beneish M-Score. This puts Kewaunee Scientific 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 Furnishings, Fixtures & Appliances company?
A good Beneish M-Score depends on the Furnishings, Fixtures & Appliances 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 Kewaunee Scientific and its competitors. Kewaunee Scientific'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 Kewaunee Scientific stock overvalued right now?
Based on GuruFocus' analysis, Kewaunee Scientific (FRA:KEW) is currently considered Modestly Undervalued. The stock's GF Value™ is €37.88, compared to a current price of €31.20 — trading 17.6% below its estimated fair value. The current Beneish M-Score is -2.69. Kewaunee Scientific's overall GF Score™ is 72/100 with 2 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 Kewaunee Scientific (FRA:KEW), the current Beneish M-Score is -2.69 as of Jul. 22, 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 Kewaunee Scientific (FRA:KEW) Overvalued in 2026?
Based on GuruFocus' analysis, Kewaunee Scientific stock appears to be undervalued.
The current stock price of €31.20 is trading 17.6% below its estimated GF Value™ of €37.88.
GuruFocus considers Kewaunee Scientific to be Modestly Undervalued.
Key valuation signals for FRA:KEW:
Beneish M-Score: -2.69
GF Value™: €37.88 vs. price of €31.20 (17.6% below fair value)
No single metric tells the full story. See the FRA:KEW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kewaunee Scientific Corp is a designer and manufacturer of technical furniture products for industries investing in spaces where discovery occurs, typically in laboratories. It serves in end-use markets that are all commercial, Life sciences, pharma, education, government and military research, etc. The company operates through two segments: The domestic segment designs manufactures and installs scientific and technical furniture, including steel and wood laboratory cabinetry, fume hoods, laminate casework, flexible systems, and Others; The International segment provides facility design, engineering, construction, and project management from the planning stage through the testing and commissioning of laboratories. It generates the majority of its revenue from the Domestic business segment.
72GF Score
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