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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 -2.57 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Wienerberger AG's Beneish M-Score or its related term are showing as below:
LTS:0MKZ'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.08 Med: -2.68 Max: -2.21
Current: -2.57
During the past 13 years, the highest Beneish M-Score of Wienerberger AG was -2.21. The lowest was -3.08. And the median was -2.68.
The historical data trend for Wienerberger AG'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:0MKZ vs CRH, VMC, MLM: Beneish M-Score Comparison
For the Building Materials subindustry, Wienerberger AG'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.
Wienerberger AG Beneish M-Score vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Wienerberger AG's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Wienerberger AG'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 Wienerberger AG 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 * 1.2015
+
0.528 * 1.0197
+
0.404 * 1.0149
+
0.892 * 1.0015
+
0.115 * 1.0261
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9958
+
4.679 * -0.062348
-
0.327 * 1.0242
=
-2.57
* 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))
=
(375.051 / (375.051 + 2858.282))
/
(390 / (390 + 3060))
=
0.115995
/
0.113043
=
1.0261
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
=
(60 - 0
-
495)
/
6977
=
-0.062348
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.
Wienerberger AG has a M-score of -2.57 suggests that the company is unlikely to be a manipulator.
Wienerberger AG (LTS:0MKZ) has a Beneish M-Score of -2.57 as of Aug. 19, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Wienerberger AG and its competitors. According to the industry distribution chart, Wienerberger AG ranks #188 out of 385 companies in the Building Materials industry, placing it in the top 48.8%.
Is Wienerberger AG's Beneish M-Score too high?
Wienerberger AG's current Beneish M-Score is -2.57. Based on the distribution chart, Wienerberger AG ranks #188 out of 385 companies in the Building Materials industry, which is above the industry midpoint. Overall, Wienerberger AG has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Wienerberger AG's Beneish M-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Wienerberger AG ranks #188 out of 385 companies for Beneish M-Score. This puts Wienerberger AG 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 Building Materials company?
A good Beneish M-Score depends on the Building Materials 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 Wienerberger AG and its competitors. Wienerberger AG's current Beneish M-Score is -2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wienerberger AG stock overvalued right now?
Based on GuruFocus' analysis, Wienerberger AG (LTS:0MKZ) is currently considered Possible Value Trap. The stock's GF Value™ is €29.97, compared to a current price of €19.70 — trading 34.3% below its estimated fair value. The current Beneish M-Score is -2.57. Wienerberger AG's overall GF Score™ is 75/100 with 5 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 Wienerberger AG (LTS:0MKZ), the current Beneish M-Score is -2.57 as of Aug. 19, 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 Wienerberger AG (LTS:0MKZ) Overvalued in 2026?
Based on GuruFocus' analysis, Wienerberger AG stock appears to be undervalued.
The current stock price of €19.70 is trading 34.3% below its estimated GF Value™ of €29.97.
GuruFocus considers Wienerberger AG to be Possible Value Trap.
Key valuation signals for LTS:0MKZ:
Beneish M-Score: -2.57
GF Value™: €29.97 vs. price of €19.70 (34.3% below fair value)
No single metric tells the full story. See the LTS:0MKZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wienerberger AG manufactures and sells building materials to the residential construction industry. The company's product portfolio includes clay blocks, facing bricks, roof tiles, plastic and ceramic pipes, and concrete pavers, among others. The business is divided into three operating segments based on geographic locations: Europe West, Europe East, and North America. A vast majority of the company's revenue is generated by the Europe West segment, which reports on Northern and Western Europe and encompasses system solutions for the entire building envelope (wall, roof, and facade) as well as pavers, wastewater and rainwater disposal, sanitation, heating and cooling installations, and energy, gas, and potable-water supply.
75GF Score
Get the complete analysis for LTS:0MKZ
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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