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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 -3.11 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Grupo TelevisaB's Beneish M-Score or its related term are showing as below:
FRA:TLV'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.76 Med: -2.76 Max: -1.93
Current: -3.11
During the past 13 years, the highest Beneish M-Score of Grupo TelevisaB was -1.93. The lowest was -3.76. And the median was -2.76.
Grupo TelevisaB Beneish M-Score Related Terms
Grupo TelevisaB Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Grupo TelevisaB'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:TLV vs TMUS, VZ, T: Beneish M-Score Comparison
For the Telecom Services subindustry, Grupo TelevisaB'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.
Grupo TelevisaB Beneish M-Score vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Grupo TelevisaB's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Grupo TelevisaB'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 Grupo TelevisaB 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 * 1.1158
+
0.528 * 0.9076
+
0.404 * 0.9923
+
0.892 * 0.9545
+
0.115 * 0.3161
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8751
+
4.679 * -0.113561
-
0.327 * 0.9611
=
-3.04
* 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))
=
(201.288 / (201.288 + 2929.194))
/
(796.551 / (796.551 + 3119.845))
=
0.064299
/
0.203389
=
0.3161
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
=
(-399.272 - -67.877
-
902.003)
/
10861.125
=
-0.113561
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.
Grupo TelevisaB has a M-score of -3.04 suggests that the company is unlikely to be a manipulator.
Grupo TelevisaB (FRA:TLV) has a Beneish M-Score of -3.11 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Grupo TelevisaB and its competitors. According to the industry distribution chart, Grupo TelevisaB ranks #67 out of 351 companies in the Telecommunication Services industry, placing it in the top 19.1%.
Is Grupo TelevisaB's Beneish M-Score too high?
Grupo TelevisaB's current Beneish M-Score is -3.11. Based on the distribution chart, Grupo TelevisaB ranks #67 out of 351 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Grupo TelevisaB has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Grupo TelevisaB's Beneish M-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Grupo TelevisaB ranks #67 out of 351 companies for Beneish M-Score. This places Grupo TelevisaB in the top 19% 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 Telecommunication Services company?
A good Beneish M-Score depends on the Telecommunication Services 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 Grupo TelevisaB and its competitors. Grupo TelevisaB's current Beneish M-Score is -3.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo TelevisaB stock overvalued right now?
Grupo TelevisaB (FRA:TLV) has a current Beneish M-Score of -3.11. The stock's GF Value™ is €2.18, compared to a current price of €2.34 — trading 7.3% above its estimated fair value. The current Beneish M-Score is -3.11. Grupo TelevisaB's overall GF Score™ is 58/100 with 6 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 Grupo TelevisaB (FRA:TLV), the current Beneish M-Score is -3.11 as of Jul. 14, 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 Grupo TelevisaB (FRA:TLV) Overvalued in 2026?
Based on GuruFocus' analysis, Grupo TelevisaB stock appears to be overvalued.
The current stock price of €2.34 is trading 7.3% above its estimated GF Value™ of €2.18.
Key valuation signals for FRA:TLV:
Beneish M-Score: -3.11
GF Value™: €2.18 vs. price of €2.34 (7.3% above fair value)
No single metric tells the full story. See the FRA:TLV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Televisa is one of the leading telecom firms in Mexico. Its cable arm, Izzi, holds networks that pass 20 million Mexican homes and provide broadband service to nearly 6 million customers. The firm is also one of the largest pay-television providers in Mexico, with nearly 4 million customers. Televisa owns Sky Mexico, the country's only satellite-TV provider, serving about 4 million customers. After merging its traditional media business into Univision, Grupo Televisa owns a 43% stake in the combined entity TelevisaUnivision. Grupo Televisa spun off several smaller businesses, including magazine publishing, three of Mexico's professional soccer teams, and Azteca Stadium in February 2024, under the name Ollamani.
58GF 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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