Coty (LTS:0I4A) Beneish M-Score: -2.63 (As of Jul. 30, 2026)

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LTS:0I4A Coty Inc LTS:0I4A
44 GF Score
Price $2.78
GF Value $7.17
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Coty Beneish M-Score?

Coty LTS:0I4A -0.71% 44 Beneish M-Score is -2.63 as of Jul. 30, 2026. GuruFocus rates LTS:0I4A with a GF Score™ of 44/100 and a GF Value™ of $7.17 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,852 Consumer Packaged Goods companies, Coty ranks better than 59.23% 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 -2.63 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LTS:0I4A' s Beneish M-Score Range Over the Past 10 Years
Min: -3.17   Med: -2.58   Max: -1.41
Current: -2.63

During the past 13 years, the highest Beneish M-Score of Coty was -1.41. The lowest was -3.17. And the median was -2.58.


Coty Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Coty'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.

Coty Beneish M-Score Chart

Coty Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.35 -2.92 -2.66 -2.58 -2.54

Coty Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.45 -2.54 -2.50 -2.49 -2.63

LTS:0I4A vs NWL, SPB, EPC: Beneish M-Score Comparison

For the Household & Personal Products subindustry, Coty'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.


Coty Beneish M-Score vs Consumer Packaged Goods Industry

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

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


LTS:0I4A
44GF Score
Coty Inc LTS:0I4A
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Coty 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 Coty 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 * 1.023+0.528 * 1.0322+0.404 * 0.9672+0.892 * 0.9643+0.115 * 0.8981
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0075+4.679 * -0.027031-0.327 * 1.0045
=-2.63

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $565 Mil.
Revenue was 1281.6 + 1678.6 + 1577.2 + 1252.4 = $5,790 Mil.
Gross Profit was 791.9 + 1070.6 + 1016.8 + 779.7 = $3,659 Mil.
Total Current Assets was $1,936 Mil.
Total Assets was $10,229 Mil.
Property, Plant and Equipment(Net PPE) was $873 Mil.
Depreciation, Depletion and Amortization(DDA) was $459 Mil.
Selling, General, & Admin. Expense(SGA) was $3,084 Mil.
Total Current Liabilities was $2,356 Mil.
Long-Term Debt & Capital Lease Obligation was $3,359 Mil.
Net Income was -408.1 + -123.6 + 67.9 + -68.8 = $-533 Mil.
Non Operating Income was -415.6 + -275.4 + -29.4 + -40.7 = $-761 Mil.
Cash Flow from Operations was -203.1 + 559.7 + 65.2 + 83.2 = $505 Mil.
Total Receivables was $573 Mil.
Revenue was 1299.1 + 1669.9 + 1671.5 + 1363.4 = $6,004 Mil.
Gross Profit was 832.4 + 1114.2 + 1094.6 + 875.4 = $3,917 Mil.
Total Current Assets was $1,930 Mil.
Total Assets was $11,471 Mil.
Property, Plant and Equipment(Net PPE) was $937 Mil.
Depreciation, Depletion and Amortization(DDA) was $420 Mil.
Selling, General, & Admin. Expense(SGA) was $3,174 Mil.
Total Current Liabilities was $2,360 Mil.
Long-Term Debt & Capital Lease Obligation was $4,021 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)
=(565.2 / 5789.8) / (572.9 / 6003.9)
=0.09762 / 0.095421
=1.023

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)
=(3916.6 / 6003.9) / (3659 / 5789.8)
=0.652343 / 0.631973
=1.0322

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 - (1935.5 + 872.7) / 10228.9) / (1 - (1930.1 + 936.8) / 11470.5)
=0.725464 / 0.750063
=0.9672

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
=5789.8 / 6003.9
=0.9643

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))
=(419.8 / (419.8 + 936.8)) / (458.8 / (458.8 + 872.7))
=0.30945 / 0.344574
=0.8981

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)
=(3083.6 / 5789.8) / (3173.8 / 6003.9)
=0.532592 / 0.528623
=1.0075

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)
=((3359.2 + 2356.3) / 10228.9) / ((4020.9 + 2359.6) / 11470.5)
=0.55876 / 0.556253
=1.0045

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
=(-532.6 - -761.1 - 505) / 10228.9
=-0.027031

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.

Coty has a M-score of -2.63 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 -2.63 mean?
Coty (LTS:0I4A) has a Beneish M-Score of -2.63 as of Jul. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Coty and its competitors. According to the industry distribution chart, Coty ranks #755 out of 1852 companies in the Consumer Packaged Goods industry, placing it in the top 40.8%.
Is Coty's Beneish M-Score too high?
Coty's current Beneish M-Score is -2.63. Based on the distribution chart, Coty ranks #755 out of 1852 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Coty has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Coty's Beneish M-Score compare to NWL and SPB?
According to the Consumer Packaged Goods industry distribution chart, Coty ranks #755 out of 1852 companies for Beneish M-Score. This puts Coty 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 Coty and its competitors. Coty's current Beneish M-Score is -2.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coty stock overvalued right now?
Based on GuruFocus' analysis, Coty (LTS:0I4A) is currently considered Possible Value Trap. The stock's GF Value™ is $7.17, compared to a current price of $2.78 — trading 61.2% below its estimated fair value. The current Beneish M-Score is -2.63. Coty's overall GF Score™ is 44/100 with 3 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 Coty (LTS:0I4A), the current Beneish M-Score is -2.63 as of Jul. 30, 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 Coty (LTS:0I4A) Overvalued in 2026?

Based on GuruFocus' analysis, Coty stock appears to be undervalued. The current stock price of $2.78 is trading 61.2% below its estimated GF Value™ of $7.17. GuruFocus considers Coty to be Possible Value Trap.

Key valuation signals for LTS:0I4A:

  • Beneish M-Score: -2.63
  • GF Value™: $7.17 vs. price of $2.78 (61.2% below fair value)
  • GF Score™: 44/100 with 3 warning signs

No single metric tells the full story. See the LTS:0I4A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Coty Business Description

Address 350 Fifth Avenue, New York, NY, USA, 10118
Coty is a global beauty maker that generates 65% of sales from prestige beauty products (primarily fragrances) and 35% from mass makeup, skin care, and fragrance. For the fragrance business, Coty licenses luxury and high-end brands including Gucci, Burberry, Hugo Boss, Davidoff, and Calvin Klein. In contrast, its consumer cosmetics business focuses on acquired mass brands such as CoverGirl, Max Factor, Rimmel, Sally Hansen, and Bourjois. It also collaborates with social media celebrity Kylie Jenner to manage makeup products bearing her name. By region, Coty generates close to 48% of sales from Europe, 40% from the Americas, and 12% from Asia-Pacific. German investment firm JAB is a controlling shareholder, with a 54% stake.
44GF Score

Get the complete analysis for LTS:0I4A

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2.78
Price
$7.17
GF Value