Barratt Redrow (MEX:BDEV) Beneish M-Score: -2.30 (As of Jun. 25, 2026)


What is Barratt Redrow Beneish M-Score?

Barratt Redrow MEX:BDEV 69 Beneish M-Score is -2.30 as of Jun. 25, 2026. GuruFocus rates MEX:BDEV with a GF Score™ of 69/100. The stock has 6 warning signs investors should review. Among 89 Homebuilding & Construction companies, Barratt Redrow ranks better than 53.93% 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 -2.3 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:BDEV' s Beneish M-Score Range Over the Past 10 Years
Min: -2.66   Med: -2.33   Max: -1.98
Current: -2.3

During the past 13 years, the highest Beneish M-Score of Barratt Redrow was -1.98. The lowest was -2.66. And the median was -2.33.

Barratt Redrow Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Barratt Redrow'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.

Barratt Redrow Beneish M-Score Chart

Barratt Redrow Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.06 -2.03 -2.66 -2.46 -2.30

Barratt Redrow 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 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 0.00 -2.46 0.00 -2.30 0.00

MEX:BDEV vs DHI, PHM, LEN: Beneish M-Score Comparison

For the Residential Construction subindustry, Barratt Redrow'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.

Barratt Redrow Beneish M-Score vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Barratt Redrow's Beneish M-Score distribution charts can be found below:

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


Barratt Redrow 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 Barratt Redrow 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 * 0.9031+0.528 * 0.8688+0.404 * 1.0152+0.892 * 1.4669+0.115 * 1.0507
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1161+4.679 * 0.013602-0.327 * 1.0564
=-2.18

* 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 (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was MXN4,631.93 Mil.
Revenue was MXN142,516.86 Mil.
Gross Profit was MXN20,050.42 Mil.
Total Current Assets was MXN246,051.91 Mil.
Total Assets was MXN295,079.37 Mil.
Property, Plant and Equipment(Net PPE) was MXN3,408.16 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN1,070.48 Mil.
Selling, General, & Admin. Expense(SGA) was MXN12,855.98 Mil.
Total Current Liabilities was MXN60,266.21 Mil.
Long-Term Debt & Capital Lease Obligation was MXN6,067.75 Mil.
Net Income was MXN4,762.23 Mil.
Gross Profit was MXN0.00 Mil.
Cash Flow from Operations was MXN748.57 Mil.
 Total Receivables was MXN3,496.20 Mil.
Revenue was MXN97,152.49 Mil.
Gross Profit was MXN11,875.44 Mil.
Total Current Assets was MXN153,301.50 Mil.
Total Assets was MXN183,555.31 Mil.
Property, Plant and Equipment(Net PPE) was MXN2,300.50 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN771.50 Mil.
Selling, General, & Admin. Expense(SGA) was MXN7,852.47 Mil.
Total Current Liabilities was MXN33,715.05 Mil.
Long-Term Debt & Capital Lease Obligation was MXN5,346.86 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)
=(4631.932 / 142516.861) / (3496.203 / 97152.485)
=0.032501 / 0.035987
=0.9031

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)
=(11875.436 / 97152.485) / (20050.415 / 142516.861)
=0.122235 / 0.140688
=0.8688

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 - (246051.912 + 3408.162) / 295079.368) / (1 - (153301.503 + 2300.501) / 183555.312)
=0.1546 / 0.152288
=1.0152

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
=142516.861 / 97152.485
=1.4669

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))
=(771.495 / (771.495 + 2300.501)) / (1070.48 / (1070.48 + 3408.162))
=0.251138 / 0.239019
=1.0507

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)
=(12855.975 / 142516.861) / (7852.472 / 97152.485)
=0.090207 / 0.080826
=1.1161

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)
=((6067.754 + 60266.214) / 295079.368) / ((5346.86 + 33715.05) / 183555.312)
=0.2248 / 0.212807
=1.0564

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
=(4762.229 - 0 - 748.569) / 295079.368
=0.013602

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.

Barratt Redrow has a M-score of -2.18 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 -2.30 mean?
Barratt Redrow (MEX:BDEV) has a Beneish M-Score of -2.30 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Barratt Redrow and its competitors. According to the industry distribution chart, Barratt Redrow ranks #41 out of 89 companies in the Homebuilding & Construction industry, placing it in the top 46.1%.
Is Barratt Redrow's Beneish M-Score too high?
Barratt Redrow's current Beneish M-Score is -2.30. Based on the distribution chart, Barratt Redrow ranks #41 out of 89 companies in the Homebuilding & Construction industry, which is above the industry midpoint. Overall, Barratt Redrow has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Barratt Redrow's Beneish M-Score compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, Barratt Redrow ranks #41 out of 89 companies for Beneish M-Score. This puts Barratt Redrow 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 Homebuilding & Construction company?
A good Beneish M-Score depends on the Homebuilding & 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 Barratt Redrow and its competitors. Barratt Redrow's current Beneish M-Score is -2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Barratt Redrow stock overvalued right now?
Barratt Redrow (MEX:BDEV) has a current Beneish M-Score of -2.30. The current Beneish M-Score is -2.30. Barratt Redrow's overall GF Score™ is 69/100 with 6 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 Barratt Redrow (MEX:BDEV), the current Beneish M-Score is -2.30 as of Jun. 25, 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.

Barratt Redrow Business Description

Address Cartwright Way, Forest Business Park, Barratt House, Bardon Hill, Coalville, Leicestershire, GBR, LE67 1UF
Barratt Redrow is the UK's largest residential property developer by revenue, marketing homes under its three brands: Barratt Homes, David Wilson, and Redrow. Barratt Developments, already the largest residential property developer in the UK by revenue, merged with Redrow in 2024. Barratt Redrow typifies the business model employed by UK homebuilders, traditionally operating in the land development, construction, and sales and marketing segments of the residential property development value chain.