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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 -2.78 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Grupo GiganteB de CV's Beneish M-Score or its related term are showing as below:
MEX:GIGANTE'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.57 Med: -2.86 Max: -2.28
Current: -2.78
During the past 13 years, the highest Beneish M-Score of Grupo GiganteB de CV was -2.28. The lowest was -3.57. And the median was -2.86.
Grupo GiganteB de CV Beneish M-Score Related Terms
Grupo GiganteB de CV Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Grupo GiganteB 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.
MEX:GIGANTE vs CASY, WSM, DKS: Beneish M-Score Comparison
For the Specialty Retail subindustry, Grupo GiganteB 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 GiganteB de CV Beneish M-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Grupo GiganteB de CV's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Grupo GiganteB de CV'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 Grupo GiganteB 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 * 0.8754
+
0.528 * 0.9849
+
0.404 * 1.0444
+
0.892 * 1.0106
+
0.115 * 0.946
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9594
+
4.679 * -0.049505
-
0.327 * 0.9205
=
-2.78
* 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))
=
(1945.152 / (1945.152 + 13411.812))
/
(1994.481 / (1994.481 + 12900.789))
=
0.126663
/
0.1339
=
0.946
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
=
(2023.565 - 0
-
4738.988)
/
54852.012
=
-0.049505
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 GiganteB de CV has a M-score of -2.78 suggests that the company is unlikely to be a manipulator.
Grupo GiganteB de CV (MEX:GIGANTE) has a Beneish M-Score of -2.78 as of Jul. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Grupo GiganteB de CV and its competitors. According to the industry distribution chart, Grupo GiganteB de CV ranks #373 out of 1086 companies in the Retail - Cyclical industry, placing it in the top 34.3%.
Is Grupo GiganteB de CV's Beneish M-Score too high?
Grupo GiganteB de CV's current Beneish M-Score is -2.78. Based on the distribution chart, Grupo GiganteB de CV ranks #373 out of 1086 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Grupo GiganteB de CV has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grupo GiganteB de CV's Beneish M-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Grupo GiganteB de CV ranks #373 out of 1086 companies for Beneish M-Score. This puts Grupo GiganteB de CV 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 Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 GiganteB de CV and its competitors. Grupo GiganteB de CV's current Beneish M-Score is -2.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo GiganteB de CV stock overvalued right now?
Based on GuruFocus' analysis, Grupo GiganteB de CV (MEX:GIGANTE) is currently considered Fairly Valued. The stock's GF Value™ is MXN30.73, compared to a current price of MXN30.20 — trading 1.7% below its estimated fair value. The current Beneish M-Score is -2.78. Grupo GiganteB de CV's overall GF Score™ is 69/100 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 Grupo GiganteB de CV (MEX:GIGANTE), the current Beneish M-Score is -2.78 as of Jul. 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 Grupo GiganteB de CV (MEX:GIGANTE) Overvalued in 2026?
Based on GuruFocus' analysis, Grupo GiganteB de CV stock appears to be undervalued.
The current stock price of MXN30.20 is trading 1.7% below its estimated GF Value™ of MXN30.73.
GuruFocus considers Grupo GiganteB de CV to be Fairly Valued.
Key valuation signals for MEX:GIGANTE:
Beneish M-Score: -2.78
GF Value™: MXN30.73 vs. price of MXN30.20 (1.7% below fair value)
No single metric tells the full story. See the MEX:GIGANTE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grupo Gigante SAB de CV is an investment holding company. The company's operating segment includes Retail; Prisa distribution; Restaurants; Real Estate; Corporate, and Other. It generates maximum revenue from the Retail segment. The Retail segment mainly sells office supplies and furniture as well as office electronics and housewares. Its Restaurants segment operates a family restaurant chain and offers other related services. Geographically, it derives a majority of revenue from Mexico and also has a presence in Chile; Central America; Colombia, and the Caribbean.
69GF Score
Get the complete analysis for MEX:GIGANTE
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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