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Marfrig Global FoodsFRA:MGP1 62 Beneish M-Score is -2.99 as of Aug. 20, 2026. GuruFocus rates FRA:MGP1 with a GF Score™ of 62/100 and a GF Value™ of €1.54 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,859 Consumer Packaged Goods companies, Marfrig Global Foods ranks better than 82.25% 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 -2.99 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Marfrig Global Foods's Beneish M-Score or its related term are showing as below:
FRA:MGP1'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.35 Med: -2.75 Max: -0.03
Current: -2.99
During the past 13 years, the highest Beneish M-Score of Marfrig Global Foods was -0.03. The lowest was -3.35. And the median was -2.75.
Marfrig Global Foods Beneish M-Score Related Terms
Marfrig Global Foods Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Marfrig Global Foods'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:MGP1 vs KHC, GIS, HRL: Beneish M-Score Comparison
For the Packaged Foods subindustry, Marfrig Global Foods'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.
Marfrig Global Foods Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Marfrig Global Foods's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Marfrig Global Foods'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 Marfrig Global Foods 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 * 0.8061
+
0.528 * 1.051
+
0.404 * 1.0144
+
0.892 * 1.0611
+
0.115 * 1.1484
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9842
+
4.679 * -0.069736
-
0.327 * 1.0679
=
-2.90
* 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))
=
(1176.598 / (1176.598 + 6930.132))
/
(1109.674 / (1109.674 + 7670.496))
=
0.145138
/
0.126384
=
1.1484
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
=
(59.197 - 0
-
1703.393)
/
23577.305
=
-0.069736
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.
Marfrig Global Foods has a M-score of -2.90 suggests that the company is unlikely to be a manipulator.
Marfrig Global Foods (FRA:MGP1) has a Beneish M-Score of -2.99 as of Aug. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Marfrig Global Foods and its competitors. According to the industry distribution chart, Marfrig Global Foods ranks #330 out of 1859 companies in the Consumer Packaged Goods industry, placing it in the top 17.8%.
Is Marfrig Global Foods' Beneish M-Score too high?
Marfrig Global Foods' current Beneish M-Score is -2.99. Based on the distribution chart, Marfrig Global Foods ranks #330 out of 1859 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Marfrig Global Foods has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marfrig Global Foods' Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Marfrig Global Foods ranks #330 out of 1859 companies for Beneish M-Score. This places Marfrig Global Foods in the top 18% of its industry — outperforming the majority of peers. 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Marfrig Global Foods and its competitors. Marfrig Global Foods's current Beneish M-Score is -2.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marfrig Global Foods stock overvalued right now?
Based on GuruFocus' analysis, Marfrig Global Foods (FRA:MGP1) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.54, compared to a current price of €2.54 — trading 64.9% above its estimated fair value. The current Beneish M-Score is -2.99. Marfrig Global Foods' overall GF Score™ is 62/100 with 8 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 Marfrig Global Foods (FRA:MGP1), the current Beneish M-Score is -2.99 as of Aug. 20, 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 Marfrig Global Foods (FRA:MGP1) Overvalued in 2026?
Based on GuruFocus' analysis, Marfrig Global Foods stock appears to be overvalued.
The current stock price of €2.54 is trading 64.9% above its estimated GF Value™ of €1.54.
GuruFocus considers Marfrig Global Foods to be Significantly Overvalued.
Key valuation signals for FRA:MGP1:
Beneish M-Score: -2.99
GF Value™: €1.54 vs. price of €2.54 (64.9% above fair value)
No single metric tells the full story. See the FRA:MGP1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Marfrig Global Foods SA is a Processing of products (formed by cattle slaughter facilities in operation, which are also used in beef processing, and for the manufacture of animal nutrition products) and sale of animal-based (beef, pork, lamb, fish, and poultry) and plant-based proteins. The company organizes itself into four main segments: Beef - North America, Beef - South America, Poultry, Pork and Processed Products - BRF, and Corporate. The company earns more than half of its revenue through its operations in Beef - North America.
62GF Score
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