The Cooper (MEX:COO) Beneish M-Score: -2.75 (As of Jun. 25, 2026)


MEX:COO The Cooper Companies Inc MEX:COO
89 GF Score
Price MXN1,162.20
GF Value MXN1,702.46
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is The Cooper Beneish M-Score?

The Cooper MEX:COO 89 Beneish M-Score is -2.75 as of Jun. 25, 2026. GuruFocus rates MEX:COO with a GF Score™ of 89/100 and a GF Value™ of MXN1,702.46 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 766 Medical Devices & Instruments companies, The Cooper ranks better than 64.49% 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 -2.75 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:COO' s Beneish M-Score Range Over the Past 10 Years
Min: -2.84   Med: -2.53   Max: -1.07
Current: -2.75

During the past 13 years, the highest Beneish M-Score of The Cooper was -1.07. The lowest was -2.84. And the median was -2.53.


The Cooper Beneish M-Score Historical Data

* Premium members only.

The historical data trend for The Cooper'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.

The Cooper Beneish M-Score Chart

The Cooper Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.07 -2.64 -2.52 -2.43 -2.49

The Cooper Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 -2.47 -2.55 -2.49 -2.53 -2.75

MEX:COO vs ALGN, SOLV, BAX: Beneish M-Score Comparison

For the Medical Instruments & Supplies subindustry, The Cooper'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.


The Cooper Beneish M-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, The Cooper's Beneish M-Score distribution charts can be found below:

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


MEX:COO
89GF Score
The Cooper Companies Inc MEX:COO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Cooper 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 The Cooper 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 * 0.953+0.528 * 1.0267+0.404 * 0.9577+0.892 * 0.9721+0.115 * 1.0171
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1481+4.679 * -0.059712-0.327 * 1.0304
=-2.86

* 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 (Apr26) TTM:Last Year (Apr25) TTM:
Total Receivables was MXN14,174 Mil.
Revenue was 18943.662 + 17767.418 + 19753.877 + 19930.459 = MXN76,395 Mil.
Gross Profit was 12881.34 + 12061.233 + 12070.062 + 13007.524 = MXN50,020 Mil.
Total Current Assets was MXN40,284 Mil.
Total Assets was MXN218,641 Mil.
Property, Plant and Equipment(Net PPE) was MXN37,348 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN6,946 Mil.
Selling, General, & Admin. Expense(SGA) was MXN34,315 Mil.
Total Current Liabilities was MXN31,611 Mil.
Long-Term Debt & Capital Lease Obligation was MXN32,603 Mil.
Net Income was -1364.504 + 2269.288 + 1569.034 + 1847.745 = MXN4,322 Mil.
Non Operating Income was 61.306 + 31.229 + 14.837 + 30.075 = MXN137 Mil.
Cash Flow from Operations was 3201.943 + 4526.432 + 4597.677 + 4913.536 = MXN17,240 Mil.
Total Receivables was MXN15,299 Mil.
Revenue was 19636.46 + 19900.796 + 20399.978 + 18649.573 = MXN78,587 Mil.
Gross Profit was 13304.52 + 13619.266 + 13575.28 + 12330.143 = MXN52,829 Mil.
Total Current Assets was MXN41,645 Mil.
Total Assets was MXN243,200 Mil.
Property, Plant and Equipment(Net PPE) was MXN37,782 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN7,169 Mil.
Selling, General, & Admin. Expense(SGA) was MXN30,747 Mil.
Total Current Liabilities was MXN19,836 Mil.
Long-Term Debt & Capital Lease Obligation was MXN49,480 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)
=(14174.028 / 76395.416) / (15298.924 / 78586.807)
=0.185535 / 0.194675
=0.953

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)
=(52829.209 / 78586.807) / (50020.159 / 76395.416)
=0.67224 / 0.654753
=1.0267

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 - (40283.527 + 37347.828) / 218641.215) / (1 - (41645.439 + 37782.015) / 243199.803)
=0.644937 / 0.673407
=0.9577

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
=76395.416 / 78586.807
=0.9721

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))
=(7169.438 / (7169.438 + 37782.015)) / (6946.104 / (6946.104 + 37347.828))
=0.159493 / 0.156818
=1.0171

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)
=(34315.472 / 76395.416) / (30746.755 / 78586.807)
=0.449182 / 0.391246
=1.1481

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)
=((32602.717 + 31611.306) / 218641.215) / ((49480.04 + 19836.292) / 243199.803)
=0.293696 / 0.285018
=1.0304

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
=(4321.563 - 137.447 - 17239.588) / 218641.215
=-0.059712

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.

The Cooper has a M-score of -2.86 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 -2.75 mean?
The Cooper (MEX:COO) has a Beneish M-Score of -2.75 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on The Cooper and its competitors. According to the industry distribution chart, The Cooper ranks #272 out of 766 companies in the Medical Devices & Instruments industry, placing it in the top 35.5%.
Is The Cooper's Beneish M-Score too high?
The Cooper's current Beneish M-Score is -2.75. Based on the distribution chart, The Cooper ranks #272 out of 766 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, The Cooper has a GF Score™ of 89/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Cooper's Beneish M-Score compare to ALGN and SOLV?
According to the Medical Devices & Instruments industry distribution chart, The Cooper ranks #272 out of 766 companies for Beneish M-Score. This puts The Cooper 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 Medical Devices & Instruments company?
A good Beneish M-Score depends on the Medical Devices & Instruments 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 The Cooper and its competitors. The Cooper's current Beneish M-Score is -2.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Cooper stock overvalued right now?
Based on GuruFocus' analysis, The Cooper (MEX:COO) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN1,702.46, compared to a current price of MXN1,162.20 — trading 31.7% below its estimated fair value. The current Beneish M-Score is -2.75. The Cooper's overall GF Score™ is 89/100 with 3 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 The Cooper (MEX:COO), the current Beneish M-Score is -2.75 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.

Is The Cooper (MEX:COO) Overvalued in 2026?

Based on GuruFocus' analysis, The Cooper stock appears to be undervalued. The current stock price of MXN1,162.20 is trading 31.7% below its estimated GF Value™ of MXN1,702.46. GuruFocus considers The Cooper to be Significantly Undervalued.

Key valuation signals for MEX:COO:

  • Beneish M-Score: -2.75
  • GF Value™: MXN1,702.46 vs. price of MXN1,162.20 (31.7% below fair value)
  • GF Score™: 89/100 with 3 warning signs

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


The Cooper Business Description

Address 6101 Bollinger Canyon Road, Suite 500, San Ramon, CA, USA, 94583
CooperCompanies is one of the largest eyecare companies in the US. It operates in two segments: CooperVision and CooperSurgical. CooperVision is a pure-play contact lens business with a suite of spherical, multifocal, and toric contact lenses. The company also has one of the most comprehensive specialty lens portfolios in the world. With brands including Proclear, Biofinity, MyDay, and Clariti, Cooper controls roughly one fourth of the US contact lens market. CooperSurgical, founded in 1990, is made up of equipment related to reproductive care, fertility, and women's care. Cooper has the broadest medical device coverage of the entire IVF cycle. It also has Paragard, the only hormone-free IUD in the US, and controls 17% of the US IUD market.
89GF Score

Get the complete analysis for MEX:COO

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

MXN1,162.20
Price
MXN1,702.46
GF Value