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 -2.9 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Lassonde Industries's Beneish M-Score or its related term are showing as below:
LSDAF'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.99 Med: -2.67 Max: -2.06
Current: -2.9
During the past 13 years, the highest Beneish M-Score of Lassonde Industries was -2.06. The lowest was -2.99. And the median was -2.67.
Lassonde Industries Beneish M-Score Related Terms
Lassonde Industries Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Lassonde Industries'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.
LSDAF vs KO, PEP, MNST: Beneish M-Score Comparison
For the Beverages - Non-Alcoholic subindustry, Lassonde Industries'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.
Lassonde Industries Beneish M-Score vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Lassonde Industries's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Lassonde Industries'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 Lassonde Industries 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 * 0.8574
+
0.528 * 0.9634
+
0.404 * 0.9578
+
0.892 * 1.0781
+
0.115 * 0.9404
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9808
+
4.679 * -0.069929
-
0.327 * 0.8539
=
-2.86
* 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))
=
(65.466 / (65.466 + 481.087))
/
(81.451 / (81.451 + 558.028))
=
0.11978
/
0.127371
=
0.9404
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
=
(117.671 - 10.413
-
222.975)
/
1654.789
=
-0.069929
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.
Lassonde Industries has a M-score of -2.86 suggests that the company is unlikely to be a manipulator.
Lassonde Industries (LSDAF) has a Beneish M-Score of -2.90 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Lassonde Industries and its competitors. According to the industry distribution chart, Lassonde Industries ranks #23 out of 109 companies in the Beverages - Non-Alcoholic industry, placing it in the top 21.1%.
Is Lassonde Industries' Beneish M-Score too high?
Lassonde Industries' current Beneish M-Score is -2.90. Based on the distribution chart, Lassonde Industries ranks #23 out of 109 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Lassonde Industries has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lassonde Industries' Beneish M-Score compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Lassonde Industries ranks #23 out of 109 companies for Beneish M-Score. This places Lassonde Industries in the top 21% 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 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 Lassonde Industries and its competitors. Lassonde Industries's current Beneish M-Score is -2.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lassonde Industries stock overvalued right now?
Based on GuruFocus' analysis, Lassonde Industries (LSDAF) is currently considered Fairly Valued. The stock's GF Value™ is $148.21, compared to a current price of $155.58 — trading 5% above its estimated fair value. The current Beneish M-Score is -2.90. Lassonde Industries' overall GF Score™ is 79/100 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 Lassonde Industries (LSDAF), the current Beneish M-Score is -2.90 as of Jun. 24, 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 Lassonde Industries (LSDAF) Overvalued in 2026?
Based on GuruFocus' analysis, Lassonde Industries stock appears to be overvalued.
The current stock price of $155.58 is trading 5% above its estimated GF Value™ of $148.21.
GuruFocus considers Lassonde Industries to be Fairly Valued.
Key valuation signals for LSDAF:
Beneish M-Score: -2.90
GF Value™: $148.21 vs. price of $155.58 (5% above fair value)
No single metric tells the full story. See the LSDAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lassonde Industries Inc, along with its subsidiaries, operates in the food and beverages industry in North America. The company develops, manufactures, and markets a range of national brand and private label products. Its product portfolio includes fruit juices and drinks, pasta sauces, cranberry sauces, condiments, soups, broths, fruit-based snacks as well as alcoholic beverages such as ciders and wine. The company operates through a single segment. The majority of the revenue is derived from the sale of its products. Geographically, it earns the maximum revenue from the United States, and the rest from Canada and other countries.
79GF Score
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