GPFOF (Grupo Financiero InbursaB de CV) Beneish M-Score: -2.28 (As of Jun. 25, 2026)


GPFOF Grupo Financiero Inbursa SAB de CV GPFOF
74 GF Score
Price $2.33
GF Value $2.70
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Grupo Financiero InbursaB de CV Beneish M-Score?

Grupo Financiero InbursaB de CV GPFOF -0.24% 74 Beneish M-Score is -2.28 as of Jun. 25, 2026. GuruFocus rates GPFOF with a GF Score™ of 74/100 and a GF Value™ of $2.70 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,396 Banks companies, Grupo Financiero InbursaB de CV ranks worse than 69.91% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -2.28 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Grupo Financiero InbursaB de CV's Beneish M-Score or its related term are showing as below:

GPFOF' s Beneish M-Score Range Over the Past 10 Years
Min: -2.86   Med: -2.25   Max: -1.59
Current: -2.28

During the past 13 years, the highest Beneish M-Score of Grupo Financiero InbursaB de CV was -1.59. The lowest was -2.86. And the median was -2.25.

GPFOF
74GF Score
Grupo Financiero Inbursa SAB de CV GPFOF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Grupo Financiero InbursaB de CV 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 Grupo Financiero InbursaB de CV 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+0.528 * 1+0.404 * 1.0002+0.892 * 1.0737+0.115 * 1.0567
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.049+4.679 * 0.032733-0.327 * 0.8132
=-2.20

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $0 Mil.
Revenue was 1308.441 + 1098.51 + 1172.342 + 1100.902 = $4,680 Mil.
Gross Profit was 1308.441 + 1098.51 + 1172.342 + 1100.902 = $4,680 Mil.
Total Current Assets was $0 Mil.
Total Assets was $47,705 Mil.
Property, Plant and Equipment(Net PPE) was $505 Mil.
Depreciation, Depletion and Amortization(DDA) was $56 Mil.
Selling, General, & Admin. Expense(SGA) was $784 Mil.
Total Current Liabilities was $0 Mil.
Long-Term Debt & Capital Lease Obligation was $2,534 Mil.
Net Income was 405.181 + 388.897 + 418.692 + 443.139 = $1,656 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0 Mil.
Cash Flow from Operations was -1148.751 + 607.641 + -665.105 + 1300.577 = $94 Mil.
 Total Receivables was $0 Mil.
Revenue was 1039.963 + 1050.247 + 1107.425 + 1161.223 = $4,359 Mil.
Gross Profit was 1039.963 + 1050.247 + 1107.425 + 1161.223 = $4,359 Mil.
Total Current Assets was $0 Mil.
Total Assets was $40,547 Mil.
Property, Plant and Equipment(Net PPE) was $436 Mil.
Depreciation, Depletion and Amortization(DDA) was $52 Mil.
Selling, General, & Admin. Expense(SGA) was $696 Mil.
Total Current Liabilities was $0 Mil.
Long-Term Debt & Capital Lease Obligation was $2,649 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)
=(0 / 4680.195) / (0 / 4358.858)
=0 / 0
=1

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)
=(4358.858 / 4358.858) / (4680.195 / 4680.195)
=1 / 1
=1

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 - (0 + 505.436) / 47705.326) / (1 - (0 + 436.095) / 40547.191)
=0.989405 / 0.989245
=1.0002

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
=4680.195 / 4358.858
=1.0737

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))
=(51.606 / (51.606 + 436.095)) / (56.247 / (56.247 + 505.436))
=0.105815 / 0.10014
=1.0567

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)
=(783.797 / 4680.195) / (695.854 / 4358.858)
=0.167471 / 0.159641
=1.049

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)
=((2534.478 + 0) / 47705.326) / ((2649.171 + 0) / 40547.191)
=0.053128 / 0.065336
=0.8132

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
=(1655.909 - 0 - 94.362) / 47705.326
=0.032733

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 Financiero InbursaB de CV has a M-score of -2.20 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 -2.28 mean?
Grupo Financiero InbursaB de CV (GPFOF) has a Beneish M-Score of -2.28 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Grupo Financiero InbursaB de CV and its competitors. According to the industry distribution chart, Grupo Financiero InbursaB de CV ranks #976 out of 1396 companies in the Banks industry, placing it in the top 69.9%.
Is Grupo Financiero InbursaB de CV's Beneish M-Score too high?
Grupo Financiero InbursaB de CV's current Beneish M-Score is -2.28. Based on the distribution chart, Grupo Financiero InbursaB de CV ranks #976 out of 1396 companies in the Banks industry, which is below the industry midpoint. Overall, Grupo Financiero InbursaB de CV has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grupo Financiero InbursaB de CV's Beneish M-Score compare to PNC and USB?
According to the Banks industry distribution chart, Grupo Financiero InbursaB de CV ranks #976 out of 1396 companies for Beneish M-Score. This places Grupo Financiero InbursaB de CV 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Financiero InbursaB de CV and its competitors. Grupo Financiero InbursaB de CV's current Beneish M-Score is -2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo Financiero InbursaB de CV stock overvalued right now?
Based on GuruFocus' analysis, Grupo Financiero InbursaB de CV (GPFOF) is currently considered Modestly Undervalued. The stock's GF Value™ is $2.70, compared to a current price of $2.33 — trading 13.5% below its estimated fair value. The current Beneish M-Score is -2.28. Grupo Financiero InbursaB de CV's overall GF Score™ is 74/100 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 Grupo Financiero InbursaB de CV (GPFOF), the current Beneish M-Score is -2.28 as of Jun. 25, 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 Financiero InbursaB de CV (GPFOF) Overvalued in 2026?

Based on GuruFocus' analysis, Grupo Financiero InbursaB de CV stock appears to be undervalued. The current stock price of $2.33 is trading 13.5% below its estimated GF Value™ of $2.70. GuruFocus considers Grupo Financiero InbursaB de CV to be Modestly Undervalued.

Key valuation signals for GPFOF:

  • Beneish M-Score: -2.28
  • GF Value™: $2.70 vs. price of $2.33 (13.5% below fair value)
  • GF Score™: 74/100 with 1 warning sign

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

Grupo Financiero InbursaB de CV Business Description

Other Exchanges GFINBURO:Mexico4FY:Germany
Address Paseo de las Palmas 736, Lomas de Chapultepec, Miguel Hidalgo, Mexico City, DF, MEX, 11000
Grupo Financiero Inbursa SAB de CV is a financial group that controls the majority of shares in various financial entities, including a multiple banking institution, insurance companies, and companies involved in providing financial services related to social security, asset management, and retail credit, among others.
74GF Score

Get the complete analysis for GPFOF

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

$2.33
Price
$2.70
GF Value