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 -2.76 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for The Campbell's Co's Beneish M-Score or its related term are showing as below:
LTS:0HST'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.03 Med: -2.61 Max: -2.16
Current: -2.76
During the past 13 years, the highest Beneish M-Score of The Campbell's Co was -2.16. The lowest was -3.03. And the median was -2.61.
The Campbell's Co Beneish M-Score Related Terms
The Campbell's Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for The Campbell's 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.
LTS:0HST vs CAG, INGR, LW: Beneish M-Score Comparison
For the Packaged Foods subindustry, The Campbell's 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.
The Campbell's Co Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, The Campbell's Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where The Campbell's 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 The Campbell's 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 * 0.8511
+
0.528 * 1.0472
+
0.404 * 0.9705
+
0.892 * 0.971
+
0.115 * 1.0845
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0176
+
4.679 * -0.028794
-
0.327 * 0.9961
=
-2.76
* 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))
=
(441 / (441 + 2665))
/
(412 / (412 + 2735))
=
0.141983
/
0.130918
=
1.0845
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
=
(608 - -54
-
1098)
/
15142
=
-0.028794
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.
The Campbell's Co has a M-score of -2.76 suggests that the company is unlikely to be a manipulator.
The Campbell's Co (LTS:0HST) has a Beneish M-Score of -2.76 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on The Campbell's Co and its competitors. According to the industry distribution chart, The Campbell's Co ranks #549 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 29.7%.
Is The Campbell's Co's Beneish M-Score too high?
The Campbell's Co's current Beneish M-Score is -2.76. Based on the distribution chart, The Campbell's Co ranks #549 out of 1849 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, The Campbell's Co has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does The Campbell's Co's Beneish M-Score compare to CAG and INGR?
According to the Consumer Packaged Goods industry distribution chart, The Campbell's Co ranks #549 out of 1849 companies for Beneish M-Score. This puts The Campbell's 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 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 The Campbell's Co and its competitors. The Campbell's Co's current Beneish M-Score is -2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Campbell's Co stock overvalued right now?
Based on GuruFocus' analysis, The Campbell's Co (LTS:0HST) is currently considered Possible Value Trap. The stock's GF Value™ is $41.81, compared to a current price of $22.14 — trading 47.1% below its estimated fair value. The current Beneish M-Score is -2.76. The Campbell's Co's overall GF Score™ is 59/100 with 7 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 The Campbell's Co (LTS:0HST), the current Beneish M-Score is -2.76 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 The Campbell's Co (LTS:0HST) Overvalued in 2026?
Based on GuruFocus' analysis, The Campbell's Co stock appears to be undervalued.
The current stock price of $22.14 is trading 47.1% below its estimated GF Value™ of $41.81.
GuruFocus considers The Campbell's Co to be Possible Value Trap.
Key valuation signals for LTS:0HST:
Beneish M-Score: -2.76
GF Value™: $41.81 vs. price of $22.14 (47.1% below fair value)
No single metric tells the full story. See the LTS:0HST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Over the past 150-plus years, Campbell's has evolved into a leading domestic packaged food manufacturer, with a portfolio that extends beyond its iconic red-and-white labeled canned soup. In fiscal 2025 (July year-end), snacks accounted for 43% of its revenue, followed by soup (27%), other simple meals (23%), and beverages (7%). Beyond its namesake, its brands include Pepperidge Farm, Goldfish, Snyder's of Hanover, Swanson, Pacific Foods, Prego, Pace, V8, and, most recently, Rao's (a deal that closed in 2024). Around 90% of its revenue results from the US and the remainder from Canada and Latin America.
59GF Score
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