LUXE (LuxExperience BV) Beneish M-Score: -0.28 (As of Jul. 07, 2026)


LUXE LuxExperience BV LUXE
60 GF Score
Price $7.92
! 3 Warning Signs
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What is LuxExperience BV Beneish M-Score?

LuxExperience BV LUXE -1.37% 60 Beneish M-Score is -0.28 as of Jul. 07, 2026. GuruFocus rates LUXE with a GF Score™ of 60/100. The stock has 3 warning signs investors should review. Among 1,082 Retail - Cyclical companies, LuxExperience BV ranks worse than 92.7% 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.

Warning Sign:

Beneish M-Score -0.28 higher than -1.78, which implies that the company might have manipulated its financial results.

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

LUXE' s Beneish M-Score Range Over the Past 10 Years
Min: -3.08   Med: -2.29   Max: 2.06
Current: -0.28

During the past 9 years, the highest Beneish M-Score of LuxExperience BV was 2.06. The lowest was -3.08. And the median was -2.29.


LuxExperience BV Beneish M-Score Historical Data

* Premium members only.

The historical data trend for LuxExperience BV'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.

LuxExperience BV Beneish M-Score Chart

LuxExperience BV Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only -1.73 2.06 -2.86 -2.21 1.55

LuxExperience BV 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 -2.92 1.55 1.78 -0.37 -0.28

LUXE vs TPR, SIG: Beneish M-Score Comparison

For the Luxury Goods subindustry, LuxExperience BV'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.


LuxExperience BV Beneish M-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, LuxExperience BV's Beneish M-Score distribution charts can be found below:

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


LUXE
60GF Score
LuxExperience BV LUXE
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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LuxExperience BV 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 LuxExperience BV 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 * 1.7779+0.528 * 1.004+0.404 * 0.5927+0.892 * 2.9507+0.115 * 1.0112
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9455+4.679 * 0.014078-0.327 * 0.9937
=-0.11

* 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 $89 Mil.
Revenue was 714.993 + 757.518 + 673.123 + 686.37 = $2,832 Mil.
Gross Profit was 325.237 + 361.329 + 294.293 + 337.377 = $1,318 Mil.
Total Current Assets was $1,776 Mil.
Total Assets was $2,391 Mil.
Property, Plant and Equipment(Net PPE) was $265 Mil.
Depreciation, Depletion and Amortization(DDA) was $64 Mil.
Selling, General, & Admin. Expense(SGA) was $894 Mil.
Total Current Liabilities was $764 Mil.
Long-Term Debt & Capital Lease Obligation was $183 Mil.
Net Income was -40.936 + -8.707 + -115.609 + 696.266 = $531 Mil.
Non Operating Income was 1.413 + 1.811 + -14.285 + 664.745 = $654 Mil.
Cash Flow from Operations was -102.466 + 138.726 + -173.388 + -19.206 = $-156 Mil.
Total Receivables was $17 Mil.
Revenue was 262.171 + 233.492 + 223.863 + 240.245 = $960 Mil.
Gross Profit was 117.332 + 118.937 + 98.372 + 113.92 = $449 Mil.
Total Current Assets was $482 Mil.
Total Assets was $753 Mil.
Property, Plant and Equipment(Net PPE) was $85 Mil.
Depreciation, Depletion and Amortization(DDA) was $21 Mil.
Selling, General, & Admin. Expense(SGA) was $320 Mil.
Total Current Liabilities was $260 Mil.
Long-Term Debt & Capital Lease Obligation was $40 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)
=(88.979 / 2832.004) / (16.961 / 959.771)
=0.031419 / 0.017672
=1.7779

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)
=(448.561 / 959.771) / (1318.236 / 2832.004)
=0.467363 / 0.465478
=1.004

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 - (1775.775 + 264.982) / 2391.166) / (1 - (482.091 + 84.741) / 753.023)
=0.146543 / 0.247258
=0.5927

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
=2832.004 / 959.771
=2.9507

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))
=(20.626 / (20.626 + 84.741)) / (63.611 / (63.611 + 264.982))
=0.195754 / 0.193586
=1.0112

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)
=(894.079 / 2832.004) / (320.481 / 959.771)
=0.315705 / 0.333914
=0.9455

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)
=((183.46 + 763.617) / 2391.166) / ((40.102 + 260.035) / 753.023)
=0.396073 / 0.398576
=0.9937

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
=(531.014 - 653.684 - -156.334) / 2391.166
=0.014078

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.

LuxExperience BV has a M-score of -0.11 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -0.28 mean?
LuxExperience BV (LUXE) has a Beneish M-Score of -0.28 as of Jul. 07, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on LuxExperience BV and its competitors. According to the industry distribution chart, LuxExperience BV ranks #1003 out of 1082 companies in the Retail - Cyclical industry, placing it in the top 92.7%.
Is LuxExperience BV's Beneish M-Score too high?
LuxExperience BV's current Beneish M-Score is -0.28. Based on the distribution chart, LuxExperience BV ranks #1003 out of 1082 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, LuxExperience BV has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does LuxExperience BV's Beneish M-Score compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, LuxExperience BV ranks #1003 out of 1082 companies for Beneish M-Score. This places LuxExperience BV in the lower 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 Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 LuxExperience BV and its competitors. LuxExperience BV's current Beneish M-Score is -0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LuxExperience BV stock overvalued right now?
LuxExperience BV (LUXE) has a current Beneish M-Score of -0.28. The current Beneish M-Score is -0.28. LuxExperience BV's overall GF Score™ is 60/100 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 LuxExperience BV (LUXE), the current Beneish M-Score is -0.28 as of Jul. 07, 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.

LuxExperience BV Business Description

Other Exchanges 0FV:Germany
Address Einsteinring 9, Aschheim, Munich, BY, DEU, 85609
LuxExperience BV is a luxury digital group offering curated multi-brand womenswear, menswear, kidswear, lifestyle products, and fine jewelry with international shipping. The company operates three segments: Luxury Mytheresa, serving high-end customers mainly in Europe outside Germany; Luxury NAP & MRP, targeting trend-driven shoppers mainly in North America; and Off-Price YOOX & THE OUTNET, offering discounted previous-season luxury collections to an international audience. Its business model combines technology with personalized, localized service through mobile-first platforms. The majority of revenue comes from the Mytheresa segment and Europe (excluding Germany).
60GF Score

Get the complete analysis for LUXE

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

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