FUPEF (Fuchs SE) Beneish M-Score: -2.38 (As of Aug. 09, 2026)

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FUPEF Fuchs SE FUPEF
73 GF Score
Price $37.00
GF Value $38.41
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Fuchs SE Beneish M-Score?

Fuchs SE FUPEF 73 Beneish M-Score is -2.38 as of Aug. 09, 2026. GuruFocus rates FUPEF with a GF Score™ of 73/100 and a GF Value™ of $38.41 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,525 Chemicals companies, Fuchs SE ranks worse than 59.28% 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 -2.38 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

FUPEF' s Beneish M-Score Range Over the Past 10 Years
Min: -2.99   Med: -2.5   Max: -1.99
Current: -2.38

During the past 13 years, the highest Beneish M-Score of Fuchs SE was -1.99. The lowest was -2.99. And the median was -2.50.


Fuchs SE Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Fuchs SE'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.

Fuchs SE Beneish M-Score Chart

Fuchs SE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.15 -2.12 -2.99 -2.58 -2.67

Fuchs SE 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 -2.67 -2.56 -2.67 -2.65 -2.38

FUPEF vs LIN, SHW, ECL: Beneish M-Score Comparison

For the Specialty Chemicals subindustry, Fuchs SE'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.


Fuchs SE Beneish M-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Fuchs SE's Beneish M-Score distribution charts can be found below:

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


FUPEF
73GF Score
Fuchs SE FUPEF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fuchs SE 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 Fuchs SE 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 * 1.1208+0.528 * 0.9891+0.404 * 0.9121+0.892 * 1.1173+0.115 * 1.0597
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8454+4.679 * -0.016864-0.327 * 1.0962
=-2.38

* 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 $882 Mil.
Revenue was 1231.567 + 1079.769 + 1010.539 + 1051.643 = $4,374 Mil.
Gross Profit was 426.267 + 379.191 + 355.972 + 369.718 = $1,531 Mil.
Total Current Assets was $1,917 Mil.
Total Assets was $3,495 Mil.
Property, Plant and Equipment(Net PPE) was $946 Mil.
Depreciation, Depletion and Amortization(DDA) was $113 Mil.
Selling, General, & Admin. Expense(SGA) was $357 Mil.
Total Current Liabilities was $978 Mil.
Long-Term Debt & Capital Lease Obligation was $63 Mil.
Net Income was 102.535 + 102.89 + 91.335 + 98.592 = $395 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0 Mil.
Cash Flow from Operations was 29.954 + 80.925 + 203.747 + 139.671 = $454 Mil.
Total Receivables was $705 Mil.
Revenue was 1014.994 + 998.919 + 899.476 + 1001.11 = $3,914 Mil.
Gross Profit was 356.401 + 342.703 + 306.806 + 349.612 = $1,356 Mil.
Total Current Assets was $1,525 Mil.
Total Assets was $3,000 Mil.
Property, Plant and Equipment(Net PPE) was $880 Mil.
Depreciation, Depletion and Amortization(DDA) was $112 Mil.
Selling, General, & Admin. Expense(SGA) was $378 Mil.
Total Current Liabilities was $761 Mil.
Long-Term Debt & Capital Lease Obligation was $54 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)
=(882.488 / 4373.518) / (704.729 / 3914.499)
=0.20178 / 0.18003
=1.1208

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)
=(1355.522 / 3914.499) / (1531.148 / 4373.518)
=0.346282 / 0.350095
=0.9891

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 - (1917.051 + 945.853) / 3495.392) / (1 - (1524.798 + 880.046) / 3000)
=0.180949 / 0.198385
=0.9121

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
=4373.518 / 3914.499
=1.1173

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))
=(112.021 / (112.021 + 880.046)) / (112.802 / (112.802 + 945.853))
=0.112917 / 0.106552
=1.0597

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)
=(356.954 / 4373.518) / (377.924 / 3914.499)
=0.081617 / 0.096545
=0.8454

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)
=((63.364 + 978.111) / 3495.392) / ((54.21 + 761.246) / 3000)
=0.297957 / 0.271819
=1.0962

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
=(395.352 - 0 - 454.297) / 3495.392
=-0.016864

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.

Fuchs SE has a M-score of -2.38 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 -2.38 mean?
Fuchs SE (FUPEF) has a Beneish M-Score of -2.38 as of Aug. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Fuchs SE and its competitors. According to the industry distribution chart, Fuchs SE ranks #904 out of 1525 companies in the Chemicals industry, placing it in the top 59.3%.
Is Fuchs SE's Beneish M-Score too high?
Fuchs SE's current Beneish M-Score is -2.38. Based on the distribution chart, Fuchs SE ranks #904 out of 1525 companies in the Chemicals industry, which is below the industry midpoint. Overall, Fuchs SE has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fuchs SE's Beneish M-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Fuchs SE ranks #904 out of 1525 companies for Beneish M-Score. This places Fuchs SE 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 Chemicals company?
A good Beneish M-Score depends on the Chemicals 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 Fuchs SE and its competitors. Fuchs SE's current Beneish M-Score is -2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuchs SE stock overvalued right now?
Based on GuruFocus' analysis, Fuchs SE (FUPEF) is currently considered Fairly Valued. The stock's GF Value™ is $38.41, compared to a current price of $37.00 — trading 3.7% below its estimated fair value. The current Beneish M-Score is -2.38. Fuchs SE's overall GF Score™ is 73/100 with 1 warning sign 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 Fuchs SE (FUPEF), the current Beneish M-Score is -2.38 as of Aug. 09, 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 Fuchs SE (FUPEF) Overvalued in 2026?

Based on GuruFocus' analysis, Fuchs SE stock appears to be undervalued. The current stock price of $37.00 is trading 3.7% below its estimated GF Value™ of $38.41. GuruFocus considers Fuchs SE to be Fairly Valued.

Key valuation signals for FUPEF:

  • Beneish M-Score: -2.38
  • GF Value™: $38.41 vs. price of $37.00 (3.7% below fair value)
  • GF Score™: 73/100 with 1 warning sign

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


Fuchs SE Business Description

Address Einsteinstrasse 11, Mannheim, DEU, 68169
Fuchs SE is a holding company, which through its subsidiaries, manufactures and sells high-grade lubricants and related specialties. The firm's product portfolio includes automotive, industrial lubricants, and other lubricants. The revenue of the company is generated from Processing industry, Off-Highway Vehicles and Transportation, Industrial Equipment and Machinery, Vehicle Components, Primary Industry and Energy, Aftermarket and Trading, and Others Segment. The company itself into three segments based on geography: Europe, the Middle East, Africa (EMEA), Asia-Pacific, and North and South America. The EMEA segment generates the majority of its revenue.
73GF Score

Get the complete analysis for FUPEF

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

$37.00
Price
$38.41
GF Value