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CortevaMEX:CTVA 66 Beneish M-Score is -2.44 as of Aug. 26, 2026. GuruFocus rates MEX:CTVA with a GF Score™ of 66/100 and a GF Value™ of MXN1,106.29 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 242 Agriculture companies, Corteva ranks better than 52.07% 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 -2.44 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Corteva's Beneish M-Score or its related term are showing as below:
MEX:CTVA'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.85 Med: -2.55 Max: -2.24
Current: -2.44
During the past 10 years, the highest Beneish M-Score of Corteva was -2.24. The lowest was -2.85. And the median was -2.55.
The historical data trend for Corteva'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.
MEX:CTVA vs CF, MOS, SMG: Beneish M-Score Comparison
For the Agricultural Inputs subindustry, Corteva'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.
Corteva Beneish M-Score vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Corteva's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Corteva's Beneish M-Score falls into.
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 Corteva 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 * 0.9948
+
0.528 * 0.9188
+
0.404 * 0.9798
+
0.892 * 0.9339
+
0.115 * 1.0046
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0802
+
4.679 * 0.028624
-
0.327 * 1.1163
=
-2.51
* 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.
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.
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))
=
(24046.869 / (24046.869 + 78197.668))
/
(22283.927 / (22283.927 + 72901.922))
=
0.23519
/
0.23411
=
1.0046
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
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
=
(17432.543 - -25417.835
-
22051.599)
/
726611.258
=
0.028624
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.
Corteva has a M-score of -2.51 suggests that the company is unlikely to be a manipulator.
Corteva (MEX:CTVA) has a Beneish M-Score of -2.44 as of Aug. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Corteva and its competitors. According to the industry distribution chart, Corteva ranks #116 out of 242 companies in the Agriculture industry, placing it in the top 47.9%.
Is Corteva's Beneish M-Score too high?
Corteva's current Beneish M-Score is -2.44. Based on the distribution chart, Corteva ranks #116 out of 242 companies in the Agriculture industry, which is above the industry midpoint. Overall, Corteva has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Corteva's Beneish M-Score compare to CF and MOS?
According to the Agriculture industry distribution chart, Corteva ranks #116 out of 242 companies for Beneish M-Score. This puts Corteva 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 an Agriculture company?
A good Beneish M-Score depends on the Agriculture 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 Corteva and its competitors. Corteva's current Beneish M-Score is -2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corteva stock overvalued right now?
Based on GuruFocus' analysis, Corteva (MEX:CTVA) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN1,106.29, compared to a current price of MXN1,375.00 — trading 24.3% above its estimated fair value. The current Beneish M-Score is -2.44. Corteva's overall GF Score™ is 66/100 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 Corteva (MEX:CTVA), the current Beneish M-Score is -2.44 as of Aug. 26, 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 Corteva (MEX:CTVA) Overvalued in 2026?
Based on GuruFocus' analysis, Corteva stock appears to be overvalued.
The current stock price of MXN1,375.00 is trading 24.3% above its estimated GF Value™ of MXN1,106.29.
GuruFocus considers Corteva to be Modestly Overvalued.
Key valuation signals for MEX:CTVA:
Beneish M-Score: -2.44
GF Value™: MXN1,106.29 vs. price of MXN1,375.00 (24.3% above fair value)
No single metric tells the full story. See the MEX:CTVA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Corteva is an agricultural inputs pure play that was formed in 2019 when it was spun off from DowDuPont. The company is a leader in the development of new seed and crop protection products. Seeds generate the majority of profits with the remainder coming from crop protection products. Corteva plans to spin off its seeds business in late 2026. The seeds business will be named Vylor, while the crop protection business will retain the Corteva name and be a pure-play crop protection company following the divestiture. Corteva operates globally, but around half of revenue comes from North America.
66GF Score
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