Aalberts NV (MEX:AALBN) Beneish M-Score: -2.84 (As of Jul. 08, 2026)

What is Aalberts NV Beneish M-Score?

Aalberts NV MEX:AALBN 83 Beneish M-Score is -2.84 as of Jul. 08, 2026. GuruFocus rates MEX:AALBN with a GF Score™ of 83/100 and a GF Value™ of MXN491.48. The stock has 10 warning signs investors should review. Among 2,916 Industrial Products companies, Aalberts NV ranks better than 81.07% 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 -2.84 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:AALBN' s Beneish M-Score Range Over the Past 10 Years
Min: -2.86 Med: -2.66 Max: -2.29
Current: -2.84

During the past 13 years, the highest Beneish M-Score of Aalberts NV was -2.29. The lowest was -2.86. And the median was -2.66.

Aalberts NV Beneish M-Score Related Terms

Aalberts NV Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Aalberts NV'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.

Aalberts NV Beneish M-Score Chart

Aalberts NV Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.35

-2.29

-2.63

-2.79

-2.84

Aalberts NV Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Beneish M-Score	Get a 7-Day Free Trial															-2.63	0.00	-2.79	0.00	-2.84

MEX:AALBN vs GEV, ETN, PH: Beneish M-Score Comparison

For the Specialty Industrial Machinery subindustry, Aalberts NV'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.

Aalberts NV Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Aalberts NV's Beneish M-Score distribution charts can be found below:

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

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83GF Score

Aalberts NV MEX:AALBN

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Aalberts NV 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 Aalberts NV for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.8988

0.528 * 1.004

0.404 * 1.0979

0.892 * 0.9477

0.115 * 0.9557

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.916

4.679 * -0.052232

0.327 * 1.1633

-2.87

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was MXN8,659 Mil.
Revenue was MXN65,166 Mil.
Gross Profit was MXN34,972 Mil.
Total Current Assets was MXN28,078 Mil.
Total Assets was MXN91,186 Mil.
Property, Plant and Equipment(Net PPE) was MXN28,695 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN4,761 Mil.
Selling, General, & Admin. Expense(SGA) was MXN4,267 Mil.
Total Current Liabilities was MXN18,427 Mil.
Long-Term Debt & Capital Lease Obligation was MXN17,732 Mil.
Net Income was MXN3,142 Mil.
Gross Profit was MXN0 Mil.
Cash Flow from Operations was MXN7,904 Mil.

Total Receivables was MXN10,166 Mil.
Revenue was MXN68,760 Mil.
Gross Profit was MXN37,049 Mil.
Total Current Assets was MXN30,310 Mil.
Total Assets was MXN92,377 Mil.
Property, Plant and Equipment(Net PPE) was MXN30,314 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN4,772 Mil.
Selling, General, & Admin. Expense(SGA) was MXN4,916 Mil.
Total Current Liabilities was MXN21,996 Mil.
Long-Term Debt & Capital Lease Obligation was MXN9,493 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)
	=	(8659.181 / 65166.297)	/	(10165.789 / 68760.479)
	=	0.132878	/	0.147843
	=	0.8988

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)
	=	(37048.895 / 68760.479)	/	(34971.961 / 65166.297)
	=	0.538811	/	0.536657
	=	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 - (28077.507 + 28695.267) / 91186.009)	/	(1 - (30309.556 + 30313.924) / 92376.556)
	=	0.377396	/	0.343735
	=	1.0979

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
	=	65166.297	/	68760.479
	=	0.9477

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))
	=	(4771.697 / (4771.697 + 30313.924))	/	(4760.758 / (4760.758 + 28695.267))
	=	0.136001	/	0.142299
	=	0.9557

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)
	=	(4267.393 / 65166.297)	/	(4915.83 / 68760.479)
	=	0.065485	/	0.071492
	=	0.916

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)
	=	((17731.609 + 18427.379) / 91186.009)	/	((9493.165 + 21995.666) / 92376.556)
	=	0.396541	/	0.340875
	=	1.1633

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
	=	(3141.51 - 0	-	7904.376)	/	91186.009
	=	-0.052232

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.

Aalberts NV has a M-score of -2.87 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 -2.84 mean?

Aalberts NV (MEX:AALBN) has a Beneish M-Score of -2.84 as of Jul. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Aalberts NV and its competitors. According to the industry distribution chart, Aalberts NV ranks #552 out of 2916 companies in the Industrial Products industry, placing it in the top 18.9%.

Is Aalberts NV's Beneish M-Score too high?

Aalberts NV's current Beneish M-Score is -2.84. Based on the distribution chart, Aalberts NV ranks #552 out of 2916 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Aalberts NV has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.

How does Aalberts NV's Beneish M-Score compare to GEV and ETN?

According to the Industrial Products industry distribution chart, Aalberts NV ranks #552 out of 2916 companies for Beneish M-Score. This places Aalberts NV in the top 19% of its industry — outperforming the majority of peers. 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 an Industrial Products company?

A good Beneish M-Score depends on the Industrial Products 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 Aalberts NV and its competitors. Aalberts NV's current Beneish M-Score is -2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Aalberts NV stock overvalued right now?

Aalberts NV (MEX:AALBN) has a current Beneish M-Score of -2.84. The stock's GF Value™ is MXN491.48, compared to a current price of MXN600.71 — trading 22.2% above its estimated fair value. The current Beneish M-Score is -2.84. Aalberts NV's overall GF Score™ is 83/100 with 10 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 Aalberts NV (MEX:AALBN), the current Beneish M-Score is -2.84 as of Jul. 08, 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 Aalberts NV (MEX:AALBN) Overvalued in 2026?

Based on GuruFocus' analysis, Aalberts NV stock appears to be overvalued. The current stock price of MXN600.71 is trading 22.2% above its estimated GF Value™ of MXN491.48.

Key valuation signals for MEX:AALBN:

Beneish M-Score: -2.84
GF Value™: MXN491.48 vs. price of MXN600.71 (22.2% above fair value)
GF Score™: 83/100 with 10 warning signs

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

Aalberts NV Business Description

Industry Industrials Industrial Products

Comparable Companies XAMS:KENDR GEV XTER:SIE XPAR:SU ETN XTER:ENR PH CMI OSTO:ATCO A EMR ITW TSE:7011 AME ROK OSTO:SAND TSE:6954 XSWX:SCHN XKRX:034020 IR DOV

Other Exchanges AALBF:USA AALB:Netherlands AALBa:UK 0NX1:UK AACA:Germany AALB:Austria

Address Stadsplateau 18, WTC Utrecht, Utrecht, UT, NLD, 3521 AZ

Website https://www.aalberts.com

Aalberts NV and its subsidiaries develop mission-critical technologies for buildings, sustainable transportation, semicon efficiency, and industrial niches. Its products and service offerings include developing hydronic flow control systems, integrated piping systems, surface technologies, and developed mechatronics. The company's reportable segments are Building, Industry, and Semicon. A majority of its revenue is generated from the Building segment, which develops, manufactures, and monitors hydronic flow control systems for heating and cooling to improve energy efficiency and engineers integrated piping systems to distribute and regulate water or gas flows in eco-friendly buildings and industrial niches. Geographically, the company derives key revenue from Europe.

83GF Score

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

MXN600.71

Price

MXN491.48

GF Value

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