Columbus McKinnon (FRA:VC3) Beneish M-Score: -1.85 (As of Aug. 11, 2026)

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FRA:VC3 Columbus McKinnon Corp FRA:VC3
50 GF Score
Price €17.40
GF Value €36.49
Valuation Possible Value Trap
! 7 Warning Signs
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What is Columbus McKinnon Beneish M-Score?

Columbus McKinnon FRA:VC3 -2.25% 50 Beneish M-Score is -1.85 as of Aug. 11, 2026. GuruFocus rates FRA:VC3 with a GF Score™ of 50/100 and a GF Value™ of €36.49 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 207 Farm & Heavy Construction Machinery companies, Columbus McKinnon ranks worse than 82.61% 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 -1.85 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Columbus McKinnon's Beneish M-Score or its related term are showing as below:

FRA:VC3' s Beneish M-Score Range Over the Past 10 Years
Min: -3.1   Med: -2.48   Max: -1.43
Current: -1.85

During the past 13 years, the highest Beneish M-Score of Columbus McKinnon was -1.43. The lowest was -3.10. And the median was -2.48.


Columbus McKinnon Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Columbus McKinnon'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.

Columbus McKinnon Beneish M-Score Chart

Columbus McKinnon Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.10 -2.58 -2.41 -2.52 -1.43

Columbus McKinnon Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.42 -2.55 -2.53 -1.43 -1.85

FRA:VC3 vs MTW, TWI, WNC: Beneish M-Score Comparison

For the Farm & Heavy Construction Machinery subindustry, Columbus McKinnon'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.


Columbus McKinnon Beneish M-Score vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Columbus McKinnon's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Columbus McKinnon's Beneish M-Score falls into.


FRA:VC3
50GF Score
Columbus McKinnon Corp FRA:VC3
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Columbus McKinnon Beneish M-Score Calculation

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 Columbus McKinnon 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 * 1.4139+0.528 * 1.1393+0.404 * 1.0075+0.892 * 1.467+0.115 * 1.4039
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0809+4.679 * -0.018547-0.327 * 1.5541
=-1.84

* 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.

This Year (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was €324 Mil.
Revenue was 461.308 + 378.722 + 220.891 + 222.412 = €1,283 Mil.
Gross Profit was 126.961 + 89.002 + 76.14 + 76.816 = €369 Mil.
Total Current Assets was €974 Mil.
Total Assets was €4,057 Mil.
Property, Plant and Equipment(Net PPE) was €340 Mil.
Depreciation, Depletion and Amortization(DDA) was €102 Mil.
Selling, General, & Admin. Expense(SGA) was €321 Mil.
Total Current Liabilities was €488 Mil.
Long-Term Debt & Capital Lease Obligation was €1,929 Mil.
Net Income was -77.017 + -206.069 + 5.122 + 3.915 = €-274 Mil.
Non Operating Income was -2.298 + -107.193 + -0.066 + -0.249 = €-110 Mil.
Cash Flow from Operations was 22.242 + -144.287 + 17.376 + 15.678 = €-89 Mil.
Total Receivables was €156 Mil.
Revenue was 204.543 + 228.372 + 223.602 + 218.289 = €875 Mil.
Gross Profit was 66.951 + 73.824 + 78.403 + 67.343 = €287 Mil.
Total Current Assets was €415 Mil.
Total Assets was €1,543 Mil.
Property, Plant and Equipment(Net PPE) was €93 Mil.
Depreciation, Depletion and Amortization(DDA) was €44 Mil.
Selling, General, & Admin. Expense(SGA) was €203 Mil.
Total Current Liabilities was €225 Mil.
Long-Term Debt & Capital Lease Obligation was €367 Mil.




1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(323.932 / 1283.333) / (156.17 / 874.806)
=0.252415 / 0.17852
=1.4139

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(286.521 / 874.806) / (368.919 / 1283.333)
=0.327525 / 0.287469
=1.1393

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (974.341 + 339.831) / 4057.259) / (1 - (414.839 + 92.539) / 1542.559)
=0.676094 / 0.67108
=1.0075

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

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.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=1283.333 / 874.806
=1.467

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

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))
=(44.329 / (44.329 + 92.539)) / (101.914 / (101.914 + 339.831))
=0.323881 / 0.230708
=1.4039

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

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(321.207 / 1283.333) / (202.576 / 874.806)
=0.250291 / 0.231567
=1.0809

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((1929.335 + 487.734) / 4057.259) / ((366.563 + 224.76) / 1542.559)
=0.595739 / 0.383339
=1.5541

8. TATA = Total Accruals to Total Assets

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
=(-274.049 - -109.806 - -88.991) / 4057.259
=-0.018547

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.

Columbus McKinnon has a M-score of -1.84 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.85 mean?
Columbus McKinnon (FRA:VC3) has a Beneish M-Score of -1.85 as of Aug. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Columbus McKinnon and its competitors. According to the industry distribution chart, Columbus McKinnon ranks #171 out of 207 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 82.6%.
Is Columbus McKinnon's Beneish M-Score too high?
Columbus McKinnon's current Beneish M-Score is -1.85. Based on the distribution chart, Columbus McKinnon ranks #171 out of 207 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Columbus McKinnon has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Columbus McKinnon's Beneish M-Score compare to MTW and TWI?
According to the Farm & Heavy Construction Machinery industry distribution chart, Columbus McKinnon ranks #171 out of 207 companies for Beneish M-Score. This places Columbus McKinnon 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 Farm & Heavy Construction Machinery company?
A good Beneish M-Score depends on the Farm & Heavy Construction Machinery 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 Columbus McKinnon and its competitors. Columbus McKinnon's current Beneish M-Score is -1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Columbus McKinnon stock overvalued right now?
Based on GuruFocus' analysis, Columbus McKinnon (FRA:VC3) is currently considered Possible Value Trap. The stock's GF Value™ is €36.49, compared to a current price of €17.40 — trading 52.3% below its estimated fair value. The current Beneish M-Score is -1.85. Columbus McKinnon's overall GF Score™ is 50/100 with 7 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 Columbus McKinnon (FRA:VC3), the current Beneish M-Score is -1.85 as of Aug. 11, 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 Columbus McKinnon (FRA:VC3) Overvalued in 2026?

Based on GuruFocus' analysis, Columbus McKinnon stock appears to be undervalued. The current stock price of €17.40 is trading 52.3% below its estimated GF Value™ of €36.49. GuruFocus considers Columbus McKinnon to be Possible Value Trap.

Key valuation signals for FRA:VC3:

  • Beneish M-Score: -1.85
  • GF Value™: €36.49 vs. price of €17.40 (52.3% below fair value)
  • GF Score™: 50/100 with 7 warning signs

No single metric tells the full story. See the FRA:VC3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Columbus McKinnon Business Description

Other Exchanges CMCO:USA
Address 13320 Ballantyne Corporate Place, Suite D, Charlotte, NC, USA, 28277
Columbus McKinnon Corp is a world'wide designer, manufacturer and marketer of intelligent motion solutions for material handling that move the world forward and improve lives by efficiently and ergonomically moving, lifting, positioning and securing materials. Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations and digital power and motion control systems. These are relevant, professional-grade solutions that solve its customers critical material handling requirements.The Company has one operating and reportable segment. It has presence in United State, Germany, Europe, Middle East, and Africa (Excluding Germany), Canada, Asia Pacific, and Latin America. It has majority of sales from United States.
50GF Score

Get the complete analysis for FRA:VC3

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€17.40
Price
€36.49
GF Value