Crown Holdings (MEX:CCK) Beneish M-Score: -2.55 (As of Jun. 30, 2026)

What is Crown Holdings Beneish M-Score?

Crown Holdings MEX:CCK 78 Beneish M-Score is -2.55 as of Jun. 30, 2026. GuruFocus rates MEX:CCK with a GF Score™ of 78/100 and a GF Value™ of MXN1,816.95. The stock has 5 warning signs investors should review. Among 370 Packaging & Containers companies, Crown Holdings ranks worse than 51.89% 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 -2.55 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:CCK' s Beneish M-Score Range Over the Past 10 Years
Min: -3.03 Med: -2.59 Max: -1.59
Current: -2.55

During the past 13 years, the highest Beneish M-Score of Crown Holdings was -1.59. The lowest was -3.03. And the median was -2.59.

Crown Holdings Beneish M-Score Related Terms

Crown Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Crown Holdings'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.

Crown Holdings Beneish M-Score Chart

Crown Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.30

-2.44

-2.88

-2.65

Crown Holdings 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															-2.61	-2.58	-2.55	-2.65	-2.55

MEX:CCK vs AVY, BALL, REYN: Beneish M-Score Comparison

For the Packaging & Containers subindustry, Crown Holdings'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.

Crown Holdings Beneish M-Score vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Crown Holdings's Beneish M-Score distribution charts can be found below:

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

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78GF Score

Crown Holdings Inc MEX:CCK

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

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Crown Holdings 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 Crown Holdings 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 * 1.0254

0.528 * 1.0242

0.404 * 0.9529

0.892 * 0.9884

0.115 * 0.9532

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0028

4.679 * -0.043445

0.327 * 0.9846

-2.68

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was MXN35,290 Mil.
Revenue was 58768.569 + 56303.824 + 58738.128 + 59293.151 = MXN233,104 Mil.
Gross Profit was 11613.059 + 11919.773 + 13281.201 + 13425.22 = MXN50,239 Mil.
Total Current Assets was MXN81,742 Mil.
Total Assets was MXN257,958 Mil.
Property, Plant and Equipment(Net PPE) was MXN96,547 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN8,491 Mil.
Selling, General, & Admin. Expense(SGA) was MXN11,695 Mil.
Total Current Liabilities was MXN73,159 Mil.
Long-Term Debt & Capital Lease Obligation was MXN105,636 Mil.
Net Income was 3155.723 + 2700.855 + 3925.659 + 3408.085 = MXN13,190 Mil.
Non Operating Income was -126.229 + -522.165 + -788.801 + -1054.435 = MXN-2,492 Mil.
Cash Flow from Operations was -973.766 + 8768.776 + 10639.636 + 8454.311 = MXN26,889 Mil.

Total Receivables was MXN34,820 Mil.
Revenue was 59062.823 + 60544.097 + 60527.982 + 55693.113 = MXN235,828 Mil.
Gross Profit was 12786.375 + 13556.205 + 13605.997 + 12109.588 = MXN52,058 Mil.
Total Current Assets was MXN86,334 Mil.
Total Assets was MXN283,162 Mil.
Property, Plant and Equipment(Net PPE) was MXN105,053 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN8,771 Mil.
Selling, General, & Admin. Expense(SGA) was MXN11,798 Mil.
Total Current Liabilities was MXN98,977 Mil.
Long-Term Debt & Capital Lease Obligation was MXN100,347 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)
	=	(35289.994 / 233103.672)	/	(34819.856 / 235828.015)
	=	0.151392	/	0.147649
	=	1.0254

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)
	=	(52058.165 / 235828.015)	/	(50239.253 / 233103.672)
	=	0.220746	/	0.215523
	=	1.0242

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 - (81742.229 + 96547.076) / 257957.774)	/	(1 - (86333.604 + 105052.857) / 283161.946)
	=	0.308843	/	0.32411
	=	0.9529

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
	=	233103.672	/	235828.015
	=	0.9884

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))
	=	(8770.901 / (8770.901 + 105052.857))	/	(8490.976 / (8490.976 + 96547.076))
	=	0.077057	/	0.080837
	=	0.9532

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)
	=	(11694.986 / 233103.672)	/	(11798.233 / 235828.015)
	=	0.050171	/	0.050029
	=	1.0028

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)
	=	((105635.557 + 73158.664) / 257957.774)	/	((100347.471 + 98976.772) / 283161.946)
	=	0.693114	/	0.703923
	=	0.9846

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
	=	(13190.322 - -2491.63	-	26888.957)	/	257957.774
	=	-0.043445

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.

Crown Holdings has a M-score of -2.68 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 -2.55 mean?

Crown Holdings (MEX:CCK) has a Beneish M-Score of -2.55 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Crown Holdings and its competitors. According to the industry distribution chart, Crown Holdings ranks #192 out of 370 companies in the Packaging & Containers industry, placing it in the top 51.9%.

Is Crown Holdings' Beneish M-Score too high?

Crown Holdings' current Beneish M-Score is -2.55. Based on the distribution chart, Crown Holdings ranks #192 out of 370 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Crown Holdings has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.

How does Crown Holdings' Beneish M-Score compare to AVY and BALL?

According to the Packaging & Containers industry distribution chart, Crown Holdings ranks #192 out of 370 companies for Beneish M-Score. This places Crown Holdings in the lower 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 Packaging & Containers company?

A good Beneish M-Score depends on the Packaging & Containers 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 Crown Holdings and its competitors. Crown Holdings's current Beneish M-Score is -2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Crown Holdings stock overvalued right now?

Crown Holdings (MEX:CCK) has a current Beneish M-Score of -2.55. The stock's GF Value™ is MXN1,816.95, compared to a current price of MXN1,989.94 — trading 9.5% above its estimated fair value. The current Beneish M-Score is -2.55. Crown Holdings' overall GF Score™ is 78/100 with 5 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 Crown Holdings (MEX:CCK), the current Beneish M-Score is -2.55 as of Jun. 30, 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 Crown Holdings (MEX:CCK) Overvalued in 2026?

Based on GuruFocus' analysis, Crown Holdings stock appears to be overvalued. The current stock price of MXN1,989.94 is trading 9.5% above its estimated GF Value™ of MXN1,816.95.

Key valuation signals for MEX:CCK:

Beneish M-Score: -2.55
GF Value™: MXN1,816.95 vs. price of MXN1,989.94 (9.5% above fair value)
GF Score™: 78/100 with 5 warning signs

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

Crown Holdings Business Description

Industry Consumer Cyclical Packaging & Containers

Comparable Companies AVY BALL REYN SON SLGN AMCR IP GEF GPK PKG SW TSX:CCL.A SZSE:002812 OHEL:STERV SZSE:002831 XSWX:SIGN TSE:5901 BKK:SCGP XMAD:VID OHEL:HUH1V

Other Exchanges CCK:USA 0I4X:UK CWN:Germany

Address 14025 Riveredge Drive, Suite 300, Tampa, FL, USA, 33637-2015

Website https://www.crowncork.com

Crown Holdings Inc is a producer of metal packaging. The company manufactures beverage cans, metal food cans, and closures, as well as aerosol cans. With the purchase of Signode, the company also has a presence in a wide variety of protective transport packaging. Although it's headquartered in the United States, the vast majority of Crown's sales come from its operations in Europe, South America, and Southeast Asia.

78GF Score

Get the complete analysis for MEX:CCK

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

MXN1,989.94

Price

MXN1,816.95

GF Value

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