Coca-Cola CoLIM:KO +10.06%69 Beneish M-Score is -2.68 as of Jun. 25, 2026. GuruFocus rates LIM:KO with a GF Score™ of 69/100 and a GF Value™ of $70.21 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 109 Beverages - Non-Alcoholic companies, Coca-Cola Co ranks better than 66.06% 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 -2.68 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Coca-Cola Co's Beneish M-Score or its related term are showing as below:
LIM:KO'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.82 Med: -2.54 Max: -2.04
Current: -2.68
During the past 13 years, the highest Beneish M-Score of Coca-Cola Co was -2.04. The lowest was -2.82. And the median was -2.54.
Coca-Cola Co Beneish M-Score Related Terms
Coca-Cola Co Beneish M-Score Historical Data
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The historical data trend for Coca-Cola Co'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.
LIM:KO vs PEP, MNST, KDP: Beneish M-Score Comparison
For the Beverages - Non-Alcoholic subindustry, Coca-Cola Co'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.
Coca-Cola Co Beneish M-Score vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Coca-Cola Co'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 Coca-Cola Co 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 * 0.8547
+
0.528 * 0.9892
+
0.404 * 0.964
+
0.892 * 1.0511
+
0.115 * 0.9471
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9708
+
4.679 * -0.026272
-
0.327 * 0.8906
=
-2.68
* 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))
=
(1080 / (1080 + 10431))
/
(1047 / (1047 + 9522))
=
0.093823
/
0.099063
=
0.9471
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
=
(13701 - 1808
-
14631)
/
104217
=
-0.026272
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.
Coca-Cola Co has a M-score of -2.68 suggests that the company is unlikely to be a manipulator.
Coca-Cola Co (LIM:KO) has a Beneish M-Score of -2.68 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Coca-Cola Co and its competitors. According to the industry distribution chart, Coca-Cola Co ranks #37 out of 109 companies in the Beverages - Non-Alcoholic industry, placing it in the top 33.9%.
Is Coca-Cola Co's Beneish M-Score too high?
Coca-Cola Co's current Beneish M-Score is -2.68. Based on the distribution chart, Coca-Cola Co ranks #37 out of 109 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, Coca-Cola Co has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coca-Cola Co's Beneish M-Score compare to PEP and MNST?
According to the Beverages - Non-Alcoholic industry distribution chart, Coca-Cola Co ranks #37 out of 109 companies for Beneish M-Score. This puts Coca-Cola Co in the upper 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 Beverages - Non-Alcoholic company?
A good Beneish M-Score depends on the Beverages - Non-Alcoholic 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 Coca-Cola Co and its competitors. Coca-Cola Co's current Beneish M-Score is -2.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coca-Cola Co stock overvalued right now?
Based on GuruFocus' analysis, Coca-Cola Co (LIM:KO) is currently considered Modestly Overvalued. The stock's GF Value™ is $70.21, compared to a current price of $80.50 — trading 14.7% above its estimated fair value. The current Beneish M-Score is -2.68. Coca-Cola Co's overall GF Score™ is 69/100 with 5 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 Coca-Cola Co (LIM:KO), the current Beneish M-Score is -2.68 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 Coca-Cola Co (LIM:KO) Overvalued in 2026?
Based on GuruFocus' analysis, Coca-Cola Co stock appears to be overvalued.
The current stock price of $80.50 is trading 14.7% above its estimated GF Value™ of $70.21.
GuruFocus considers Coca-Cola Co to be Modestly Overvalued.
Key valuation signals for LIM:KO:
Beneish M-Score: -2.68
GF Value™: $70.21 vs. price of $80.50 (14.7% above fair value)
No single metric tells the full story. See the LIM:KO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around 60% of its total revenue overseas, with sizable contributions from emerging economies in Latin America and Asia-Pacific.
69GF Score
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