Beyond Meat (MEX:BYND) Beneish M-Score: -3.12 (As of Jun. 24, 2026)


MEX:BYND Beyond Meat Inc MEX:BYND
27 GF Score
Price MXN12.28
GF Value MXN30.97
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Beyond Meat Beneish M-Score?

Beyond Meat MEX:BYND +2.93% 27 Beneish M-Score is -3.12 as of Jun. 24, 2026. GuruFocus rates MEX:BYND with a GF Score™ of 27/100 and a GF Value™ of MXN30.97 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, Beyond Meat ranks better than 87.29% 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 -3.12 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:BYND' s Beneish M-Score Range Over the Past 10 Years
Min: -12.51   Med: -3.27   Max: 6.26
Current: -3.12

During the past 10 years, the highest Beneish M-Score of Beyond Meat was 6.26. The lowest was -12.51. And the median was -3.27.


Beyond Meat Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Beyond Meat'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.

Beyond Meat Beneish M-Score Chart

Beyond Meat 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 -2.85 -5.35 -4.54 -4.45 6.26

Beyond Meat 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 -4.92 -4.69 -4.89 6.26 -3.12

MEX:BYND vs NATR, ENHA, LWAY: Beneish M-Score Comparison

For the Packaged Foods subindustry, Beyond Meat'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.


Beyond Meat Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Beyond Meat's Beneish M-Score distribution charts can be found below:

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


MEX:BYND
27GF Score
Beyond Meat Inc MEX:BYND
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Beyond Meat 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 Beyond Meat 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 * 0.892+0.528 * 2.2861+0.404 * 1.0987+0.892 * 0.7703+0.115 * 0.5092
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.4372+4.679 * -0.267977-0.327 * 0.4933
=-3.29

* 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 MXN468 Mil.
Revenue was 1049.611 + 1108.953 + 1288.093 + 1411.399 = MXN4,858 Mil.
Gross Profit was 35.795 + -128.021 + 132.629 + 161.762 = MXN202 Mil.
Total Current Assets was MXN5,608 Mil.
Total Assets was MXN10,449 Mil.
Property, Plant and Equipment(Net PPE) was MXN4,576 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN590 Mil.
Selling, General, & Admin. Expense(SGA) was MXN3,789 Mil.
Total Current Liabilities was MXN1,966 Mil.
Long-Term Debt & Capital Lease Obligation was MXN8,388 Mil.
Net Income was -513.607 + 6677.558 + -2030.483 + -550.603 = MXN3,583 Mil.
Non Operating Income was 349.293 + 9466.911 + -1308.785 + 145.569 = MXN8,653 Mil.
Cash Flow from Operations was -90.668 + -842.541 + -711.443 + -625.299 = MXN-2,270 Mil.
Total Receivables was MXN681 Mil.
Revenue was 1406.113 + 1598.756 + 1595.032 + 1707.159 = MXN6,307 Mil.
Gross Profit was -141.693 + 208.682 + 281.729 + 251.297 = MXN600 Mil.
Total Current Assets was MXN5,263 Mil.
Total Assets was MXN13,172 Mil.
Property, Plant and Equipment(Net PPE) was MXN7,605 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN469 Mil.
Selling, General, & Admin. Expense(SGA) was MXN3,423 Mil.
Total Current Liabilities was MXN1,553 Mil.
Long-Term Debt & Capital Lease Obligation was MXN24,907 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)
=(467.606 / 4858.056) / (680.583 / 6307.06)
=0.096254 / 0.107908
=0.892

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)
=(600.015 / 6307.06) / (202.165 / 4858.056)
=0.095134 / 0.041614
=2.2861

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 - (5608.44 + 4576.375) / 10449.3) / (1 - (5263.322 + 7604.845) / 13171.603)
=0.025311 / 0.023037
=1.0987

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
=4858.056 / 6307.06
=0.7703

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))
=(469.206 / (469.206 + 7604.845)) / (589.565 / (589.565 + 4576.375))
=0.058113 / 0.114125
=0.5092

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)
=(3789.025 / 4858.056) / (3422.657 / 6307.06)
=0.779947 / 0.542671
=1.4372

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)
=((8388.253 + 1965.907) / 10449.3) / ((24907.02 + 1552.818) / 13171.603)
=0.990895 / 2.008855
=0.4933

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
=(3582.865 - 8652.988 - -2269.951) / 10449.3
=-0.267977

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.

Beyond Meat has a M-score of -3.29 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 -3.12 mean?
Beyond Meat (MEX:BYND) has a Beneish M-Score of -3.12 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Beyond Meat and its competitors. According to the industry distribution chart, Beyond Meat ranks #235 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 12.7%.
Is Beyond Meat's Beneish M-Score too high?
Beyond Meat's current Beneish M-Score is -3.12. Based on the distribution chart, Beyond Meat ranks #235 out of 1849 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Beyond Meat has a GF Score™ of 27/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Beyond Meat's Beneish M-Score compare to NATR and ENHA?
According to the Consumer Packaged Goods industry distribution chart, Beyond Meat ranks #235 out of 1849 companies for Beneish M-Score. This places Beyond Meat in the top 13% 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 Beyond Meat and its competitors. Beyond Meat's current Beneish M-Score is -3.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beyond Meat stock overvalued right now?
Based on GuruFocus' analysis, Beyond Meat (MEX:BYND) is currently considered Possible Value Trap. The stock's GF Value™ is MXN30.97, compared to a current price of MXN12.28 — trading 60.3% below its estimated fair value. The current Beneish M-Score is -3.12. Beyond Meat's overall GF Score™ is 27/100 with 8 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 Beyond Meat (MEX:BYND), the current Beneish M-Score is -3.12 as of Jun. 24, 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 Beyond Meat (MEX:BYND) Overvalued in 2026?

Based on GuruFocus' analysis, Beyond Meat stock appears to be undervalued. The current stock price of MXN12.28 is trading 60.3% below its estimated GF Value™ of MXN30.97. GuruFocus considers Beyond Meat to be Possible Value Trap.

Key valuation signals for MEX:BYND:

  • Beneish M-Score: -3.12
  • GF Value™: MXN30.97 vs. price of MXN12.28 (60.3% below fair value)
  • GF Score™: 27/100 with 8 warning signs

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


Beyond Meat Business Description

Address 888 N. Douglas Street, Suite 100, El Segundo, CA, USA, 90245
Beyond Meat Inc is a provider of plant-based meat company offering a portfolio of revolutionary plant-based meats. It builds meat directly from plants, an innovation that enables consumers to experience the taste, texture and other sensory attributes of popular animal-based meat products while enjoying the nutritional and environmental benefits of eating plant-based meat product It has products such as burgers, sausage, ground beef, jerky, meatballs and chicken. The company generates revenue from sales of its products to the customers across mainstream grocery, mass merchandiser, club store, convenience store and natural retailer channels and various food-away-from-home channels, including restaurants, foodservice outlets and schools, mainly in the United States.
27GF Score

Get the complete analysis for MEX:BYND

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

MXN12.28
Price
MXN30.97
GF Value