Fortune Brands Innovations (LTS:0IRN) Beneish M-Score: -2.49 (As of Jun. 26, 2026)


LTS:0IRN Fortune Brands Innovations Inc LTS:0IRN
69 GF Score
Price $45.84
GF Value $66.25
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Fortune Brands Innovations Beneish M-Score?

Fortune Brands Innovations LTS:0IRN -0.20% 69 Beneish M-Score is -2.49 as of Jun. 26, 2026. GuruFocus rates LTS:0IRN with a GF Score™ of 69/100 and a GF Value™ of $66.25 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,704 Construction companies, Fortune Brands Innovations ranks better than 50.35% 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 -2.49 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LTS:0IRN' s Beneish M-Score Range Over the Past 10 Years
Min: -3.02   Med: -2.57   Max: -2.15
Current: -2.49

During the past 13 years, the highest Beneish M-Score of Fortune Brands Innovations was -2.15. The lowest was -3.02. And the median was -2.57.

Fortune Brands Innovations Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Fortune Brands Innovations'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.

Fortune Brands Innovations Beneish M-Score Chart

Fortune Brands Innovations Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.54 -2.55 -2.80 -2.69 -2.54

Fortune Brands Innovations 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 -2.73 -2.55 -2.56 -2.54 -2.49

LTS:0IRN vs TREX, GFF, LPX: Beneish M-Score Comparison

For the Building Products & Equipment subindustry, Fortune Brands Innovations'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.

Fortune Brands Innovations Beneish M-Score vs Construction Industry

For the Construction industry and Industrials sector, Fortune Brands Innovations's Beneish M-Score distribution charts can be found below:

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


LTS:0IRN
69GF Score
Fortune Brands Innovations Inc LTS:0IRN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fortune Brands Innovations 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 Fortune Brands Innovations 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 * 1.0586+0.528 * 1.0111+0.404 * 1.0257+0.892 * 0.9799+0.115 * 1.0082
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0827+4.679 * -0.012665-0.327 * 0.9761
=-2.49

* 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 $585 Mil.
Revenue was 1011.3 + 1077.5 + 1149.2 + 1203.3 = $4,441 Mil.
Gross Profit was 435.7 + 472.2 + 519.4 + 543.2 = $1,971 Mil.
Total Current Assets was $2,024 Mil.
Total Assets was $6,546 Mil.
Property, Plant and Equipment(Net PPE) was $1,065 Mil.
Depreciation, Depletion and Amortization(DDA) was $185 Mil.
Selling, General, & Admin. Expense(SGA) was $1,331 Mil.
Total Current Liabilities was $949 Mil.
Long-Term Debt & Capital Lease Obligation was $2,963 Mil.
Net Income was 24.2 + 76.4 + 70.8 + 100.3 = $272 Mil.
Non Operating Income was -4.2 + -14.1 + -63.5 + -6.4 = $-88 Mil.
Cash Flow from Operations was -119.2 + 208.2 + 204.4 + 149.4 = $443 Mil.
 Total Receivables was $564 Mil.
Revenue was 1033.1 + 1104.2 + 1155.3 + 1240 = $4,533 Mil.
Gross Profit was 454.7 + 507.9 + 529.8 + 541 = $2,033 Mil.
Total Current Assets was $2,062 Mil.
Total Assets was $6,585 Mil.
Property, Plant and Equipment(Net PPE) was $1,132 Mil.
Depreciation, Depletion and Amortization(DDA) was $199 Mil.
Selling, General, & Admin. Expense(SGA) was $1,254 Mil.
Total Current Liabilities was $1,462 Mil.
Long-Term Debt & Capital Lease Obligation was $2,570 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)
=(584.7 / 4441.3) / (563.7 / 4532.6)
=0.131651 / 0.124366
=1.0586

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)
=(2033.4 / 4532.6) / (1970.5 / 4441.3)
=0.448617 / 0.443676
=1.0111

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 - (2023.7 + 1064.8) / 6545.8) / (1 - (2062 + 1132.1) / 6584.8)
=0.528171 / 0.514928
=1.0257

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
=4441.3 / 4532.6
=0.9799

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))
=(198.8 / (198.8 + 1132.1)) / (185.2 / (185.2 + 1064.8))
=0.149373 / 0.14816
=1.0082

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)
=(1330.5 / 4441.3) / (1254.1 / 4532.6)
=0.299574 / 0.276684
=1.0827

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)
=((2962.9 + 949) / 6545.8) / ((2569.6 + 1461.9) / 6584.8)
=0.59762 / 0.612243
=0.9761

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
=(271.7 - -88.2 - 442.8) / 6545.8
=-0.012665

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.

Fortune Brands Innovations has a M-score of -2.49 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 -2.49 mean?
Fortune Brands Innovations (LTS:0IRN) has a Beneish M-Score of -2.49 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Fortune Brands Innovations and its competitors. According to the industry distribution chart, Fortune Brands Innovations ranks #846 out of 1704 companies in the Construction industry, placing it in the top 49.6%.
Is Fortune Brands Innovations' Beneish M-Score too high?
Fortune Brands Innovations' current Beneish M-Score is -2.49. Based on the distribution chart, Fortune Brands Innovations ranks #846 out of 1704 companies in the Construction industry, which is above the industry midpoint. Overall, Fortune Brands Innovations has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fortune Brands Innovations' Beneish M-Score compare to TREX and GFF?
According to the Construction industry distribution chart, Fortune Brands Innovations ranks #846 out of 1704 companies for Beneish M-Score. This puts Fortune Brands Innovations 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Fortune Brands Innovations and its competitors. Fortune Brands Innovations's current Beneish M-Score is -2.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortune Brands Innovations stock overvalued right now?
Based on GuruFocus' analysis, Fortune Brands Innovations (LTS:0IRN) is currently considered Significantly Undervalued. The stock's GF Value™ is $66.25, compared to a current price of $45.84 — trading 30.8% below its estimated fair value. The current Beneish M-Score is -2.49. Fortune Brands Innovations' overall GF Score™ is 69/100 with 4 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 Fortune Brands Innovations (LTS:0IRN), the current Beneish M-Score is -2.49 as of Jun. 26, 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 Fortune Brands Innovations (LTS:0IRN) Overvalued in 2026?

Based on GuruFocus' analysis, Fortune Brands Innovations stock appears to be undervalued. The current stock price of $45.84 is trading 30.8% below its estimated GF Value™ of $66.25. GuruFocus considers Fortune Brands Innovations to be Significantly Undervalued.

Key valuation signals for LTS:0IRN:

  • Beneish M-Score: -2.49
  • GF Value™: $66.25 vs. price of $45.84 (30.8% below fair value)
  • GF Score™: 69/100 with 4 warning signs

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

Fortune Brands Innovations Business Description

Address 1 Horizon Way, Building N, Deerfield, IL, USA, 60015-3888
Fortune Brands is a US-based homebuilding products company that sells building-related products serving R&R and new construction markets. The company operates in three segments: water, outdoors, and security. Water innovation, including plumbing fixtures and faucets, accounts for around 55% of total sales and features brands such as Moen, House of Rohl, and Aqualisa. The outdoors segment includes decking, railing, and doors and makes up 30% of total sales, featuring brands such as Larson, Fiberon, and Therma-Tru. The security segment, which includes smart residential padlocks, accounts for the remaining 15% of sales and features brands such as MasterLock, SentrySafe, Yale, and AmericanLock.
69GF Score

Get the complete analysis for LTS:0IRN

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

$45.84
Price
$66.25
GF Value