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 -3.05 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Kering's Beneish M-Score or its related term are showing as below:
MEX:KER N'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.05 Med: -2.64 Max: -2.38
Current: -3.05
During the past 13 years, the highest Beneish M-Score of Kering was -2.38. The lowest was -3.05. And the median was -2.64.
Kering Beneish M-Score Related Terms
Kering Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Kering'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.
For the Luxury Goods subindustry, Kering'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.
Kering Beneish M-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Kering's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Kering'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 Kering 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 * 0.9472
+
0.528 * 1.0111
+
0.404 * 0.8634
+
0.892 * 0.8396
+
0.115 * 0.8129
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.073527
-
0.327 * 0.976
=
-3.08
* 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))
=
(46144.601 / (46144.601 + 262563.436))
/
(43095.61 / (43095.61 + 191273.666))
=
0.149477
/
0.183879
=
0.8129
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
=
(1518.045 - 0
-
65360.269)
/
868279.552
=
-0.073527
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.
Kering has a M-score of -3.08 suggests that the company is unlikely to be a manipulator.
Kering (MEX:KER N) has a Beneish M-Score of -3.05 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kering and its competitors. According to the industry distribution chart, Kering ranks #226 out of 1087 companies in the Retail - Cyclical industry, placing it in the top 20.8%.
Is Kering's Beneish M-Score too high?
Kering's current Beneish M-Score is -3.05. Based on the distribution chart, Kering ranks #226 out of 1087 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Kering has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Kering's Beneish M-Score compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Kering ranks #226 out of 1087 companies for Beneish M-Score. This places Kering in the top 21% of its industry — outperforming the majority of peers. 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 Kering and its competitors. Kering's current Beneish M-Score is -3.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kering stock overvalued right now?
Kering (MEX:KER N) has a current Beneish M-Score of -3.05. The stock's GF Value™ is MXN6,045.57, compared to a current price of MXN6,285.00 — trading 4% above its estimated fair value. The current Beneish M-Score is -3.05. Kering's overall GF Score™ is 80/100 with 8 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 Kering (MEX:KER N), the current Beneish M-Score is -3.05 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 Kering (MEX:KER N) Overvalued in 2026?
Based on GuruFocus' analysis, Kering stock appears to be overvalued.
The current stock price of MXN6,285.00 is trading 4% above its estimated GF Value™ of MXN6,045.57.
Key valuation signals for MEX:KER N:
Beneish M-Score: -3.05
GF Value™: MXN6,045.57 vs. price of MXN6,285.00 (4% above fair value)
No single metric tells the full story. See the MEX:KER N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kering is the world's third-largest luxury goods conglomerate by revenue after LVMH and Richemont. Its flagship brand is Gucci, which accounts for over 40% of revenue and over 50% of operating profit. Its other leading brands include Bottega Veneta and Saint Laurent. McQueen, Balenciaga, and Boucheron are also part of Kering's portfolio.
80GF Score
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