Grupo BimboB de CV (MEX:BIMBOA) Beneish M-Score: -2.96 (As of Jul. 25, 2026)

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MEX:BIMBOA Grupo Bimbo SAB de CV MEX:BIMBOA
75 GF Score
Price MXN58.26
GF Value MXN63.90
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Grupo BimboB de CV Beneish M-Score?

Grupo BimboB de CV MEX:BIMBOA -1.39% 75 Beneish M-Score is -2.96 as of Jul. 25, 2026. GuruFocus rates MEX:BIMBOA with a GF Score™ of 75/100 and a GF Value™ of MXN63.90 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,851 Consumer Packaged Goods companies, Grupo BimboB de CV ranks better than 80.71% 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 -2.96 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Grupo BimboB de CV's Beneish M-Score or its related term are showing as below:

MEX:BIMBOA' s Beneish M-Score Range Over the Past 10 Years
Min: -3.55   Med: -2.73   Max: -0.75
Current: -2.96

During the past 13 years, the highest Beneish M-Score of Grupo BimboB de CV was -0.75. The lowest was -3.55. And the median was -2.73.


Grupo BimboB de CV Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Grupo BimboB de CV'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.

Grupo BimboB de CV Beneish M-Score Chart

Grupo BimboB de CV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.75 -2.27 -2.78 -2.72 -2.89

Grupo BimboB de CV Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -2.83 -2.97 -2.89 -2.94 -2.96

MEX:BIMBOA vs KHC, GIS, HRL: Beneish M-Score Comparison

For the Packaged Foods subindustry, Grupo BimboB de CV'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.


Grupo BimboB de CV Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Grupo BimboB de CV's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Grupo BimboB de CV's Beneish M-Score falls into.


MEX:BIMBOA
75GF Score
Grupo Bimbo SAB de CV MEX:BIMBOA
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grupo BimboB de CV 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 Grupo BimboB de CV 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 * 1.0129+0.528 * 1.0081+0.404 * 0.9478+0.892 * 0.9864+0.115 * 0.986
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9803+4.679 * -0.097678-0.327 * 1.0103
=-2.96

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was MXN27,042 Mil.
Revenue was 105025.793 + 100318.746 + 108688.058 + 107420.822 = MXN421,453 Mil.
Gross Profit was 55254.881 + 52656.303 + 56305.223 + 56190.987 = MXN220,407 Mil.
Total Current Assets was MXN75,474 Mil.
Total Assets was MXN409,173 Mil.
Property, Plant and Equipment(Net PPE) was MXN184,603 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN24,660 Mil.
Selling, General, & Admin. Expense(SGA) was MXN179,955 Mil.
Total Current Liabilities was MXN89,577 Mil.
Long-Term Debt & Capital Lease Obligation was MXN173,609 Mil.
Net Income was 2934.922 + 2361.947 + 3157.826 + 3363.914 = MXN11,819 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = MXN0 Mil.
Cash Flow from Operations was 10075.348 + 15111.057 + 13290.58 + 13308.749 = MXN51,786 Mil.
Total Receivables was MXN27,066 Mil.
Revenue was 107388.514 + 103447.821 + 110311.897 + 106109.808 = MXN427,258 Mil.
Gross Profit was 56667.179 + 54324.829 + 57931.426 + 56321.204 = MXN225,245 Mil.
Total Current Assets was MXN65,829 Mil.
Total Assets was MXN414,568 Mil.
Property, Plant and Equipment(Net PPE) was MXN189,362 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN24,896 Mil.
Selling, General, & Admin. Expense(SGA) was MXN186,099 Mil.
Total Current Liabilities was MXN81,437 Mil.
Long-Term Debt & Capital Lease Obligation was MXN182,495 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)
=(27042.408 / 421453.419) / (27066.161 / 427258.04)
=0.064165 / 0.063349
=1.0129

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)
=(225244.638 / 427258.04) / (220407.394 / 421453.419)
=0.527186 / 0.52297
=1.0081

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 - (75473.797 + 184602.629) / 409172.953) / (1 - (65828.903 + 189361.864) / 414568.112)
=0.364385 / 0.384442
=0.9478

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
=421453.419 / 427258.04
=0.9864

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))
=(24896.407 / (24896.407 + 189361.864)) / (24660.045 / (24660.045 + 184602.629))
=0.116198 / 0.117843
=0.986

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)
=(179955.278 / 421453.419) / (186098.767 / 427258.04)
=0.426987 / 0.435565
=0.9803

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)
=((173609.121 + 89576.772) / 409172.953) / ((182495.473 + 81437.27) / 414568.112)
=0.643214 / 0.636645
=1.0103

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
=(11818.609 - 0 - 51785.734) / 409172.953
=-0.097678

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.

Grupo BimboB de CV has a M-score of -2.96 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 -2.96 mean?
Grupo BimboB de CV (MEX:BIMBOA) has a Beneish M-Score of -2.96 as of Jul. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Grupo BimboB de CV and its competitors. According to the industry distribution chart, Grupo BimboB de CV ranks #357 out of 1851 companies in the Consumer Packaged Goods industry, placing it in the top 19.3%.
Is Grupo BimboB de CV's Beneish M-Score too high?
Grupo BimboB de CV's current Beneish M-Score is -2.96. Based on the distribution chart, Grupo BimboB de CV ranks #357 out of 1851 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Grupo BimboB de CV has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grupo BimboB de CV's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Grupo BimboB de CV ranks #357 out of 1851 companies for Beneish M-Score. This places Grupo BimboB de CV 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 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 Grupo BimboB de CV and its competitors. Grupo BimboB de CV's current Beneish M-Score is -2.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo BimboB de CV stock overvalued right now?
Based on GuruFocus' analysis, Grupo BimboB de CV (MEX:BIMBOA) is currently considered Fairly Valued. The stock's GF Value™ is MXN63.90, compared to a current price of MXN58.26 — trading 8.8% below its estimated fair value. The current Beneish M-Score is -2.96. Grupo BimboB de CV's overall GF Score™ is 75/100 with 4 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 Grupo BimboB de CV (MEX:BIMBOA), the current Beneish M-Score is -2.96 as of Jul. 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.

Is Grupo BimboB de CV (MEX:BIMBOA) Overvalued in 2026?

Based on GuruFocus' analysis, Grupo BimboB de CV stock appears to be undervalued. The current stock price of MXN58.26 is trading 8.8% below its estimated GF Value™ of MXN63.90. GuruFocus considers Grupo BimboB de CV to be Fairly Valued.

Key valuation signals for MEX:BIMBOA:

  • Beneish M-Score: -2.96
  • GF Value™: MXN63.90 vs. price of MXN58.26 (8.8% below fair value)
  • GF Score™: 75/100 with 4 warning signs

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


Grupo BimboB de CV Business Description

Address Prolongacion Paseo, De la Reforma No 1000, Col. Pena Blanca Santa Fe, Delegacion Alvaro Obregon, Mexico, MEX, MEX, 01210
Grupo Bimbo SAB de CV is an international baking-products manufacturer. The company operates in over 22 countries throughout the Americas, Europe, and Asia. The firm's key product categories are packed bread, sweet baked goods, salty snacks, cookies, solutions (tortillas, pitas, wraps), prepacked foods, confectionery, and others. The key brands are Bimbo, Ideal, Ricolino, Oroweat, Arnold, Thomas, and Sara Lee. Grupo Bimbo has a large direct distribution network that allows the company to distribute products from its plants (based in Uruguay, Rio de Janeiro, China, Santiago de Chile, and Argentina) to sales centers and warehouses.
75GF Score

Get the complete analysis for MEX:BIMBOA

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

MXN58.26
Price
MXN63.90
GF Value