Functional BrandsMEHA +3.92% Beneish M-Score is -2.53 as of Jun. 27, 2026. The stock has 3 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, Functional Brands ranks better than 50.73% 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 -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Functional Brands's Beneish M-Score or its related term are showing as below:
MEHA'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.64 Med: -2.53 Max: -2.14
Current: -2.53
During the past 5 years, the highest Beneish M-Score of Functional Brands was -2.14. The lowest was -4.64. And the median was -2.53.
Functional Brands Beneish M-Score Related Terms
Functional Brands Beneish M-Score Historical Data
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The historical data trend for Functional Brands'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.
MEHA vs TOFB, HIGR, CYAN: Beneish M-Score Comparison
For the Packaged Foods subindustry, Functional Brands'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.
Functional Brands Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Functional Brands's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Functional Brands'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 Functional Brands 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 * 1.1997
+
0.528 * 1.0361
+
0.404 * 1.0045
+
0.892 * 1.0364
+
0.115 * 0.8329
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.3637
+
4.679 * -0.060161
-
0.327 * 0.7614
=
-2.53
* 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))
=
(0.394 / (0.394 + 1.963))
/
(0.405 / (0.405 + 1.613))
=
0.167162
/
0.200694
=
0.8329
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
=
(-6.106 - -3.8
-
-1.872)
/
7.214
=
-0.060161
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.
Functional Brands has a M-score of -2.53 suggests that the company is unlikely to be a manipulator.
Functional Brands (MEHA) has a Beneish M-Score of -2.53 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Functional Brands and its competitors. According to the industry distribution chart, Functional Brands ranks #911 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 49.3%.
Is Functional Brands' Beneish M-Score too high?
Functional Brands' current Beneish M-Score is -2.53. Based on the distribution chart, Functional Brands ranks #911 out of 1849 companies in the Consumer Packaged Goods industry, which is above the industry midpoint.
How does Functional Brands' Beneish M-Score compare to TOFB and HIGR?
According to the Consumer Packaged Goods industry distribution chart, Functional Brands ranks #911 out of 1849 companies for Beneish M-Score. This puts Functional Brands 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 Functional Brands and its competitors. Functional Brands's current Beneish M-Score is -2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Functional Brands stock overvalued right now?
Functional Brands (MEHA) has a current Beneish M-Score of -2.53. The current Beneish M-Score is -2.53. 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 Functional Brands (MEHA), the current Beneish M-Score is -2.53 as of Jun. 27, 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.
Functional Brands Inc operates in the nutraceutical supplement industry. It is a manufacturer and distributor of supplements in categories such as pain, energy, prenatal, general health, bone and joint, gastro, immunity, cardiac, detox, brain and memory, sleep, prenatal and urinary. It is focus on end-consumers through different channels that include pharmacies, wholesalers, international distributors and direct-to-consumers sales. The Company has two reportable segments: 1) Kirkman, which sells a range of nutraceuticals, supplements and related products direct to consumers; 2) HT Naturals, which sells a range of hemp products. Key revenue is generated from Kirkman.
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