Bor Seker ASIST:BORSK -0.16%56 Beneish M-Score is -3.61 as of Jun. 26, 2026. GuruFocus rates IST:BORSK with a GF Score™ of 56/100. The stock has 4 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, Bor Seker AS ranks better than 94% 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 -3.61 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Bor Seker AS's Beneish M-Score or its related term are showing as below:
IST:BORSK'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.61 Med: -3 Max: -2.39
Current: -3.61
During the past 6 years, the highest Beneish M-Score of Bor Seker AS was -2.39. The lowest was -3.61. And the median was -3.00.
Bor Seker AS Beneish M-Score Related Terms
Bor Seker AS Beneish M-Score Historical Data
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The historical data trend for Bor Seker AS'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.
IST:BORSK vs MDLZ, HSY, TR: Beneish M-Score Comparison
For the Confectioners subindustry, Bor Seker AS'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.
Bor Seker AS Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Bor Seker AS's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Bor Seker AS'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 Bor Seker AS 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 * 0.5729
+
0.528 * 0.9517
+
0.404 * 0.7763
+
0.892 * 0.9474
+
0.115 * 0.807
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9321
+
4.679 * -0.104092
-
0.327 * 1.2415
=
-3.61
* 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))
=
(158.384 / (158.384 + 3209.814))
/
(313.874 / (313.874 + 5072.999))
=
0.047023
/
0.058266
=
0.807
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
=
(-291.528 - 0
-
661.692)
/
9157.472
=
-0.104092
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.
Bor Seker AS has a M-score of -3.61 suggests that the company is unlikely to be a manipulator.
Bor Seker AS (IST:BORSK) has a Beneish M-Score of -3.61 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bor Seker AS and its competitors. According to the industry distribution chart, Bor Seker AS ranks #111 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 6%.
Is Bor Seker AS's Beneish M-Score too high?
Bor Seker AS's current Beneish M-Score is -3.61. Based on the distribution chart, Bor Seker AS ranks #111 out of 1849 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Bor Seker AS has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Bor Seker AS's Beneish M-Score compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Bor Seker AS ranks #111 out of 1849 companies for Beneish M-Score. This places Bor Seker AS in the top 6% 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 Bor Seker AS and its competitors. Bor Seker AS's current Beneish M-Score is -3.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bor Seker AS stock overvalued right now?
Bor Seker AS (IST:BORSK) has a current Beneish M-Score of -3.61. The current Beneish M-Score is -3.61. Bor Seker AS's overall GF Score™ is 56/100 with 4 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 Bor Seker AS (IST:BORSK), the current Beneish M-Score is -3.61 as of Jun. 26, 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.
Bor Seker AS is a company whose main activities are producing and trading crystal, granulated and cube sugar, fresh pulp, which is a by product of the sugar industry, dry pulp, molasses, dry molasses pulp, limestone, electricity production and trade of seeds and fertilizers. The products produced by the company are as follows which are crystal sugar, cube sugar, molasses, beet pulp.
56GF Score
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