KB Home (MEX:KBH) Beneish M-Score: -2.48 (As of Jun. 26, 2026)

What is KB Home Beneish M-Score?

KB Home MEX:KBH 77 Beneish M-Score is -2.48 as of Jun. 26, 2026. GuruFocus rates MEX:KBH with a GF Score™ of 77/100 and a GF Value™ of MXN984.05. The stock has 6 warning signs investors should review. Among 89 Homebuilding & Construction companies, KB Home ranks better than 70.79% 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 -2.48 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:KBH' s Beneish M-Score Range Over the Past 10 Years
Min: -3.07 Med: -2.44 Max: -1.75
Current: -2.48

During the past 13 years, the highest Beneish M-Score of KB Home was -1.75. The lowest was -3.07. And the median was -2.44.

KB Home Beneish M-Score Related Terms

KB Home Beneish M-Score Historical Data

* Premium members only.

The historical data trend for KB Home'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.

KB Home Beneish M-Score Chart

KB Home Annual Data

Trend

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Nov25

Beneish M-Score

Get a 7-Day Free Trial

-1.97

-2.06

-2.67

-2.26

-2.42

KB Home Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26	May26
Beneish M-Score	Get a 7-Day Free Trial															-2.23	-2.39	-2.42	-2.48	0.00

MEX:KBH vs GRBK, MHO, SKY: Beneish M-Score Comparison

For the Residential Construction subindustry, KB Home'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.

KB Home Beneish M-Score vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, KB Home's Beneish M-Score distribution charts can be found below:

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

Save Embed

77GF Score

KB Home MEX:KBH

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

View Full Analysis

KB Home 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 KB Home 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 * 1.0315

0.528 * 1.1697

0.404 * 1.2077

0.892 * 0.8264

0.115 * 0.8308

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0592

4.679 * -0.035807

0.327 * 1.0825

-2.66

This Year (Feb26) TTM:

Last Year (Feb25) TTM:

Total Receivables was MXN6,148 Mil.
Revenue was 18546.883 + 31041.376 + 30562.935 + 29720.002 = MXN109,871 Mil.
Gross Profit was 2883.296 + 5366.047 + 5615.655 + 5789.395 = MXN19,654 Mil.
Total Current Assets was MXN107,828 Mil.
Total Assets was MXN115,428 Mil.
Property, Plant and Equipment(Net PPE) was MXN1,801 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN711 Mil.
Selling, General, & Admin. Expense(SGA) was MXN11,574 Mil.
Total Current Liabilities was MXN16,405 Mil.
Long-Term Debt & Capital Lease Obligation was MXN32,603 Mil.
Net Income was 575.585 + 1859.887 + 2071.41 + 2096.178 = MXN6,603 Mil.
Non Operating Income was 45.721 + 56.866 + 108.693 + 115.454 = MXN327 Mil.
Cash Flow from Operations was -2158.907 + 5566.452 + 3729.153 + 3272.769 = MXN10,409 Mil.

Total Receivables was MXN7,212 Mil.
Revenue was 28566.78 + 40759.432 + 34571.085 + 29056.562 = MXN132,954 Mil.
Gross Profit was 5805.076 + 8582.393 + 7208.431 + 6223.849 = MXN27,820 Mil.
Total Current Assets was MXN134,979 Mil.
Total Assets was MXN143,252 Mil.
Property, Plant and Equipment(Net PPE) was MXN2,314 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN712 Mil.
Selling, General, & Admin. Expense(SGA) was MXN13,222 Mil.
Total Current Liabilities was MXN20,994 Mil.
Long-Term Debt & Capital Lease Obligation was MXN35,195 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)
	=	(6147.962 / 109871.196)	/	(7212.195 / 132953.859)
	=	0.055956	/	0.054246
	=	1.0315

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)
	=	(27819.749 / 132953.859)	/	(19654.393 / 109871.196)
	=	0.209244	/	0.178886
	=	1.1697

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 - (107827.516 + 1800.717) / 115427.545)	/	(1 - (134978.52 + 2313.869) / 143252.103)
	=	0.050242	/	0.041603
	=	1.2077

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
	=	109871.196	/	132953.859
	=	0.8264

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))
	=	(711.937 / (711.937 + 2313.869))	/	(711.442 / (711.442 + 1800.717))
	=	0.235288	/	0.283199
	=	0.8308

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)
	=	(11573.653 / 109871.196)	/	(13222.148 / 132953.859)
	=	0.105338	/	0.099449
	=	1.0592

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)
	=	((32603.228 + 16405.179) / 115427.545)	/	((35194.76 + 20993.995) / 143252.103)
	=	0.424582	/	0.392237
	=	1.0825

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
	=	(6603.06 - 326.734	-	10409.467)	/	115427.545
	=	-0.035807

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.

KB Home has a M-score of -2.66 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 -2.48 mean?

KB Home (MEX:KBH) has a Beneish M-Score of -2.48 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on KB Home and its competitors. According to the industry distribution chart, KB Home ranks #26 out of 89 companies in the Homebuilding & Construction industry, placing it in the top 29.2%.

Is KB Home's Beneish M-Score too high?

KB Home's current Beneish M-Score is -2.48. Based on the distribution chart, KB Home ranks #26 out of 89 companies in the Homebuilding & Construction industry, which is above the industry midpoint. Overall, KB Home has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.

How does KB Home's Beneish M-Score compare to GRBK and MHO?

According to the Homebuilding & Construction industry distribution chart, KB Home ranks #26 out of 89 companies for Beneish M-Score. This puts KB Home 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 Homebuilding & Construction company?

A good Beneish M-Score depends on the Homebuilding & Construction 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 KB Home and its competitors. KB Home's current Beneish M-Score is -2.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is KB Home stock overvalued right now?

KB Home (MEX:KBH) has a current Beneish M-Score of -2.48. The stock's GF Value™ is MXN984.05, compared to a current price of MXN1,010.00 — trading 2.6% above its estimated fair value. The current Beneish M-Score is -2.48. KB Home's overall GF Score™ is 77/100 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 KB Home (MEX:KBH), the current Beneish M-Score is -2.48 as of Jun. 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 KB Home (MEX:KBH) Overvalued in 2026?

Based on GuruFocus' analysis, KB Home stock appears to be overvalued. The current stock price of MXN1,010.00 is trading 2.6% above its estimated GF Value™ of MXN984.05.

Key valuation signals for MEX:KBH:

Beneish M-Score: -2.48
GF Value™: MXN984.05 vs. price of MXN1,010.00 (2.6% above fair value)
GF Score™: 77/100 with 6 warning signs

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

KB Home Business Description

Industry Consumer Cyclical Homebuilding & Construction

Comparable Companies GRBK MHO SKY CVCO MTH DFH LGIH BZH TMHC HOV DHI PHM LEN NVR TSE:1928 TOL IBP TSE:1911 LSE:BTRW LSE:PSN

Other Exchanges KBH:USA KBH:Germany

Address 10990 Wilshire Boulevard, Floor 7, Los Angeles, CA, USA, 90024

Website https://www.kbhome.com

KB Home is an American construction company that focuses on residential construction in the United States. The company builds single-family homes and communities across different geographical segments which include the West Coast which also derives the majority of the revenue, Southwest, Central, and Southeast. The company operates in several markets and focuses on first-time and move-up homebuyers. It also invests in land acquisition and development to support future building activities and is also engaged in financial services operations which includes providing mortgage banking services through its joint venture with a third party.

77GF Score

Get the complete analysis for MEX:KBH

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

MXN1,010.00

Price

MXN984.05

GF Value

View MEX:KBH Analysis

See Beneish M-Score data for all stocks →