Everest Global (LSE:EVST) Beneish M-Score: -3.81 (As of Jul. 13, 2026)

What is Everest Global Beneish M-Score?

Everest Global LSE:EVST 28 Beneish M-Score is -3.81 as of Jul. 13, 2026. GuruFocus rates LSE:EVST with a GF Score™ of 28/100. The stock has 6 warning signs investors should review. Among 1,851 Consumer Packaged Goods companies, Everest Global ranks better than 95.46% 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 -3.81 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LSE:EVST' s Beneish M-Score Range Over the Past 10 Years
Min: -4.69 Med: -3.81 Max: -0.98
Current: -3.81

During the past 13 years, the highest Beneish M-Score of Everest Global was -0.98. The lowest was -4.69. And the median was -3.81.

Everest Global Beneish M-Score Related Terms

Everest Global Beneish M-Score Historical Data

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The historical data trend for Everest Global'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.

Everest Global Beneish M-Score Chart

Everest Global Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Oct25

Beneish M-Score

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-4.35

0.00

-3.81

Everest Global Semi-Annual Data
	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24	Apr25	Oct25
Beneish M-Score	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	-3.81

LSE:EVST vs ADM, BG, TSN: Beneish M-Score Comparison

For the Farm Products subindustry, Everest Global'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.

Everest Global Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Everest Global's Beneish M-Score distribution charts can be found below:

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

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28GF Score

Everest Global PLC LSE:EVST

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Everest Global 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 Everest Global for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.1309

0.528 * 0.8176

0.404 * 1.0399

0.892 * 1.2945

0.115 * 2.52

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.7947

4.679 * -0.166253

0.327 * 1.4349

-3.81

This Year (Oct25) TTM:

Last Year (Oct24) TTM:

Total Receivables was £0.48 Mil.
Revenue was £0.57 Mil.
Gross Profit was £0.17 Mil.
Total Current Assets was £1.65 Mil.
Total Assets was £2.42 Mil.
Property, Plant and Equipment(Net PPE) was £0.23 Mil.
Depreciation, Depletion and Amortization(DDA) was £0.03 Mil.
Selling, General, & Admin. Expense(SGA) was £0.50 Mil.
Total Current Liabilities was £0.66 Mil.
Long-Term Debt & Capital Lease Obligation was £2.73 Mil.
Net Income was £-1.11 Mil.
Gross Profit was £0.00 Mil.
Cash Flow from Operations was £-0.70 Mil.

Total Receivables was £2.85 Mil.
Revenue was £0.44 Mil.
Gross Profit was £0.11 Mil.
Total Current Assets was £3.20 Mil.
Total Assets was £4.13 Mil.
Property, Plant and Equipment(Net PPE) was £0.04 Mil.
Depreciation, Depletion and Amortization(DDA) was £0.01 Mil.
Selling, General, & Admin. Expense(SGA) was £0.49 Mil.
Total Current Liabilities was £0.99 Mil.
Long-Term Debt & Capital Lease Obligation was £3.04 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)
	=	(0.482 / 0.567)	/	(2.845 / 0.438)
	=	0.850088	/	6.495434
	=	0.1309

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)
	=	(0.108 / 0.438)	/	(0.171 / 0.567)
	=	0.246575	/	0.301587
	=	0.8176

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 - (1.646 + 0.227) / 2.418)	/	(1 - (3.196 + 0.042) / 4.134)
	=	0.225393	/	0.216739
	=	1.0399

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
	=	0.567	/	0.438
	=	1.2945

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))
	=	(0.014 / (0.014 + 0.042))	/	(0.025 / (0.025 + 0.227))
	=	0.25	/	0.099206
	=	2.52

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)
	=	(0.5 / 0.567)	/	(0.486 / 0.438)
	=	0.881834	/	1.109589
	=	0.7947

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)
	=	((2.733 + 0.656) / 2.418)	/	((3.044 + 0.994) / 4.134)
	=	1.401572	/	0.976778
	=	1.4349

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
	=	(-1.105 - 0	-	-0.703)	/	2.418
	=	-0.166253

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.

Everest Global has a M-score of -3.81 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 -3.81 mean?

Everest Global (LSE:EVST) has a Beneish M-Score of -3.81 as of Jul. 13, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Everest Global and its competitors. According to the industry distribution chart, Everest Global ranks #84 out of 1851 companies in the Consumer Packaged Goods industry, placing it in the top 4.5%.

Is Everest Global's Beneish M-Score too high?

Everest Global's current Beneish M-Score is -3.81. Based on the distribution chart, Everest Global ranks #84 out of 1851 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Everest Global has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.

How does Everest Global's Beneish M-Score compare to ADM and BG?

According to the Consumer Packaged Goods industry distribution chart, Everest Global ranks #84 out of 1851 companies for Beneish M-Score. This places Everest Global in the top 5% 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 Everest Global and its competitors. Everest Global's current Beneish M-Score is -3.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Everest Global stock overvalued right now?

Everest Global (LSE:EVST) has a current Beneish M-Score of -3.81. The current Beneish M-Score is -3.81. Everest Global's overall GF Score™ is 28/100 with 6 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 Everest Global (LSE:EVST), the current Beneish M-Score is -3.81 as of Jul. 13, 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.

Everest Global Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies LSE:PACS ADM SZSE:002714 BG TSN SZSE:300498 OSL:MOWI OSL:SALM XKLS:2089 XPAR:LOUP SZSE:300972 BKK:CPF SZSE:000876 CALM SZSE:002157 XZIM:TANGANDA XKLS:7084 XKLS:4065 ISX:CPIN SHSE:600598

Address 20 Primrose Street, 7th Floor, The Broadgate Tower, London, GBR, EC2A 2EW

Website https://www.everestglobalplc.com

Everest Global PLC is a United Kingdom-based holding company. It is engaged in the food and beverage business, mainly focused on beverage distribution and production. The company operates in a single segment.

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