Marr SpAFRA:M6Z 73 Beneish M-Score is -2.47 as of Jul. 01, 2026. GuruFocus rates FRA:M6Z with a GF Score™ of 73/100 and a GF Value™ of €10.88 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 291 Retail - Defensive companies, Marr SpA ranks worse than 60.48% 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 -2.47 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Marr SpA's Beneish M-Score or its related term are showing as below:
FRA:M6Z'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.01 Med: -2.54 Max: -2.07
Current: -2.47
During the past 13 years, the highest Beneish M-Score of Marr SpA was -2.07. The lowest was -3.01. And the median was -2.54.
Marr SpA Beneish M-Score Related Terms
Marr SpA Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Marr SpA'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:M6Z vs SYY, USFD, PFGC: Beneish M-Score Comparison
For the Food Distribution subindustry, Marr SpA'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.
Marr SpA Beneish M-Score vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Marr SpA's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Marr SpA'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 Marr SpA 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 * 1.05
+
0.528 * 0.9969
+
0.404 * 0.874
+
0.892 * 1.0272
+
0.115 * 0.8812
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8888
+
4.679 * 0.002582
-
0.327 * 1.0631
=
-2.47
* 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))
=
(22.908 / (22.908 + 210.624))
/
(28.129 / (28.129 + 224.572))
=
0.098094
/
0.111313
=
0.8812
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
=
(27.035 - 0
-
23.667)
/
1304.404
=
0.002582
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.
Marr SpA has a M-score of -2.47 suggests that the company is unlikely to be a manipulator.
Marr SpA (FRA:M6Z) has a Beneish M-Score of -2.47 as of Jul. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Marr SpA and its competitors. According to the industry distribution chart, Marr SpA ranks #176 out of 291 companies in the Retail - Defensive industry, placing it in the top 60.5%.
Is Marr SpA's Beneish M-Score too high?
Marr SpA's current Beneish M-Score is -2.47. Based on the distribution chart, Marr SpA ranks #176 out of 291 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Marr SpA has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Marr SpA's Beneish M-Score compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Marr SpA ranks #176 out of 291 companies for Beneish M-Score. This places Marr SpA 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 Retail - Defensive company?
A good Beneish M-Score depends on the Retail - Defensive 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 Marr SpA and its competitors. Marr SpA's current Beneish M-Score is -2.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marr SpA stock overvalued right now?
Based on GuruFocus' analysis, Marr SpA (FRA:M6Z) is currently considered Significantly Undervalued. The stock's GF Value™ is €10.88, compared to a current price of €6.50 — trading 40.3% below its estimated fair value. The current Beneish M-Score is -2.47. Marr SpA's overall GF Score™ is 73/100 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 Marr SpA (FRA:M6Z), the current Beneish M-Score is -2.47 as of Jul. 01, 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 Marr SpA (FRA:M6Z) Overvalued in 2026?
Based on GuruFocus' analysis, Marr SpA stock appears to be undervalued.
The current stock price of €6.50 is trading 40.3% below its estimated GF Value™ of €10.88.
GuruFocus considers Marr SpA to be Significantly Undervalued.
Key valuation signals for FRA:M6Z:
Beneish M-Score: -2.47
GF Value™: €10.88 vs. price of €6.50 (40.3% below fair value)
No single metric tells the full story. See the FRA:M6Z stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Marr SpA is an Italian distributor of frozen and fresh products to the non-domestic catering sector. The company's products consist of seafood, meat, grocery, fruits and vegetables, and kitchen equipment, as well as private label products. Marr operates through a network of sales agents, `distribution centers, stocking platforms, and logistics. The group categorizes the customers as the street market, which includes restaurants and hotels not belonging to groups or chains; the national account, which contains operators of chains and groups and canteens, and the wholesale category. Marr generates more than half of its revenue from street market customers. Geographically, it operates in Italy, European Union, and Extra-EU Countries, of which the company derives maximum revenue from Italy.
73GF Score
Get the complete analysis for FRA:M6Z
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:M6Z has been successfully added to your 
