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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 -2.59 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for GXO Logistics's Beneish M-Score or its related term are showing as below:
MEX:GXO'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.63 Med: -2.52 Max: -2.3
Current: -2.59
During the past 8 years, the highest Beneish M-Score of GXO Logistics was -2.30. The lowest was -2.63. And the median was -2.52.
The historical data trend for GXO Logistics'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:GXO vs LSTR, HUBG, PBI: Beneish M-Score Comparison
For the Integrated Freight & Logistics subindustry, GXO Logistics'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.
GXO Logistics Beneish M-Score vs Transportation Industry
For the Transportation industry and Industrials sector, GXO Logistics's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where GXO Logistics'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 GXO Logistics 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 * 1.016
+
0.528 * 0.9752
+
0.404 * 0.9164
+
0.892 * 0.9683
+
0.115 * 0.9849
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.006
+
4.679 * -0.02376
-
0.327 * 1.0309
=
-2.66
* 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))
=
(8843.473 / (8843.473 + 73622.172))
/
(8440.594 / (8440.594 + 69080.591))
=
0.107238
/
0.108881
=
0.9849
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
=
(2364.909 - -1708.149
-
9201.961)
/
215861.579
=
-0.02376
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.
GXO Logistics has a M-score of -2.66 suggests that the company is unlikely to be a manipulator.
GXO Logistics (MEX:GXO) has a Beneish M-Score of -2.59 as of Sep. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on GXO Logistics and its competitors. According to the industry distribution chart, GXO Logistics ranks #461 out of 975 companies in the Transportation industry, placing it in the top 47.3%.
Is GXO Logistics' Beneish M-Score too high?
GXO Logistics' current Beneish M-Score is -2.59. Based on the distribution chart, GXO Logistics ranks #461 out of 975 companies in the Transportation industry, which is above the industry midpoint. Overall, GXO Logistics has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does GXO Logistics' Beneish M-Score compare to LSTR and HUBG?
According to the Transportation industry distribution chart, GXO Logistics ranks #461 out of 975 companies for Beneish M-Score. This puts GXO Logistics 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 Transportation company?
A good Beneish M-Score depends on the Transportation 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 GXO Logistics and its competitors. GXO Logistics's current Beneish M-Score is -2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GXO Logistics stock overvalued right now?
GXO Logistics (MEX:GXO) has a current Beneish M-Score of -2.59. The stock's GF Value™ is MXN1,480.22, compared to a current price of MXN1,121.53 — trading 24.2% below its estimated fair value. The current Beneish M-Score is -2.59. GXO Logistics' overall GF Score™ is 85/100 with 2 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 GXO Logistics (MEX:GXO), the current Beneish M-Score is -2.59 as of Sep. 04, 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 GXO Logistics (MEX:GXO) Overvalued in 2026?
Based on GuruFocus' analysis, GXO Logistics stock appears to be undervalued.
The current stock price of MXN1,121.53 is trading 24.2% below its estimated GF Value™ of MXN1,480.22.
Key valuation signals for MEX:GXO:
Beneish M-Score: -2.59
GF Value™: MXN1,480.22 vs. price of MXN1,121.53 (24.2% below fair value)
No single metric tells the full story. See the MEX:GXO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GXO Logistics Inc is a contract logistics company. Its revenue is diversified across numerous verticals and customers, including many multinational corporations. It provides warehousing and distribution, order fulfillment, e-commerce, reverse logistics, and other supply chain services differentiated by its ability to deliver technology-enabled, customized solutions at scale. Geographically, it generates revenue from the United Kingdom, the United States, the Netherlands, France, Spain, Italy, and other countries, and derives the majority of its revenue from the United Kingdom.
85GF Score
Get the complete analysis for MEX:GXO
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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