Mota-EngilFRA:M09 -0.21%87 Beneish M-Score is -2.74 as of Jun. 25, 2026. GuruFocus rates FRA:M09 with a GF Score™ of 87/100 and a GF Value™ of €3.54 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,704 Construction companies, Mota-Engil ranks better than 69.19% 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 -2.74 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Mota-Engil's Beneish M-Score or its related term are showing as below:
FRA:M09'
s Beneish M-Score Range Over the Past 10 Years
Min: -3 Med: -2.71 Max: -2.26
Current: -2.74
During the past 13 years, the highest Beneish M-Score of Mota-Engil was -2.26. The lowest was -3.00. And the median was -2.71.
Mota-Engil Beneish M-Score Related Terms
Mota-Engil Beneish M-Score Historical Data
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The historical data trend for Mota-Engil'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:M09 vs PWR, FIX, EME: Beneish M-Score Comparison
For the Engineering & Construction subindustry, Mota-Engil'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.
Mota-Engil Beneish M-Score vs Construction Industry
For the Construction industry and Industrials sector, Mota-Engil's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Mota-Engil'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 Mota-Engil 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 * 1.1586
+
0.528 * 0.9622
+
0.404 * 0.9363
+
0.892 * 0.8909
+
0.115 * 0.9871
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.031
+
4.679 * -0.057531
-
0.327 * 0.9579
=
-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))
=
(284.128 / (284.128 + 1362.621))
/
(301.822 / (301.822 + 1424.864))
=
0.172539
/
0.174798
=
0.9871
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
=
(133.121 - 0
-
624.443)
/
8540.124
=
-0.057531
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.
Mota-Engil has a M-score of -2.74 suggests that the company is unlikely to be a manipulator.
Mota-Engil (FRA:M09) has a Beneish M-Score of -2.74 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Mota-Engil and its competitors. According to the industry distribution chart, Mota-Engil ranks #525 out of 1704 companies in the Construction industry, placing it in the top 30.8%.
Is Mota-Engil's Beneish M-Score too high?
Mota-Engil's current Beneish M-Score is -2.74. Based on the distribution chart, Mota-Engil ranks #525 out of 1704 companies in the Construction industry, which is above the industry midpoint. Overall, Mota-Engil has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mota-Engil's Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Mota-Engil ranks #525 out of 1704 companies for Beneish M-Score. This puts Mota-Engil 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Mota-Engil and its competitors. Mota-Engil's current Beneish M-Score is -2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mota-Engil stock overvalued right now?
Based on GuruFocus' analysis, Mota-Engil (FRA:M09) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.54, compared to a current price of €4.65 — trading 31.4% above its estimated fair value. The current Beneish M-Score is -2.74. Mota-Engil's overall GF Score™ is 87/100 with 5 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 Mota-Engil (FRA:M09), the current Beneish M-Score is -2.74 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 Mota-Engil (FRA:M09) Overvalued in 2026?
Based on GuruFocus' analysis, Mota-Engil stock appears to be overvalued.
The current stock price of €4.65 is trading 31.4% above its estimated GF Value™ of €3.54.
GuruFocus considers Mota-Engil to be Significantly Overvalued.
Key valuation signals for FRA:M09:
Beneish M-Score: -2.74
GF Value™: €3.54 vs. price of €4.65 (31.4% above fair value)
No single metric tells the full story. See the FRA:M09 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mota-Engil carries out a wide range of activities related to the design, construction, management and operation of infrastructure. The Group has long-standing and recognised experience in several countries with a variety of public and private clients, as well as a high level of technical know-how, which is leveraged in the development of other activities that benefit from synergies and cross-selling, such as industrial engineering services. In addition to urban waste collection and management, the Group operates in renewable energy production and waste-to-energy and is increasingly investing in the energy and carbon efficiency sectors, contributing to the much-needed energy transition.
87GF Score
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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