Korn Ferry (MEX:KFY) Beneish M-Score: -2.63 (As of Jul. 12, 2026)

What is Korn Ferry Beneish M-Score?

Korn Ferry MEX:KFY 91 Beneish M-Score is -2.63 as of Jul. 12, 2026. GuruFocus rates MEX:KFY with a GF Score™ of 91/100 and a GF Value™ of MXN1,128.99. The stock has 3 warning signs investors should review. Among 1,021 Business Services companies, Korn Ferry ranks better than 57.1% 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 -2.63 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:KFY' s Beneish M-Score Range Over the Past 10 Years
Min: -2.81 Med: -2.61 Max: -2.42
Current: -2.63

During the past 13 years, the highest Beneish M-Score of Korn Ferry was -2.42. The lowest was -2.81. And the median was -2.61.

Korn Ferry Beneish M-Score Related Terms

Korn Ferry Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Korn Ferry'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.

Korn Ferry Beneish M-Score Chart

Korn Ferry Annual Data

Trend

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Apr25

Apr26

Beneish M-Score

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-2.42

-2.50

-2.63

-2.59

-2.63

Korn Ferry Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25	Jul25	Oct25	Jan26	Apr26
Beneish M-Score	Get a 7-Day Free Trial															-2.59	-2.58	-2.55	-2.55	-2.63

MEX:KFY vs RHI, TNET, MAN: Beneish M-Score Comparison

For the Staffing & Employment Services subindustry, Korn Ferry'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.

Korn Ferry Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Korn Ferry's Beneish M-Score distribution charts can be found below:

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

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91GF Score

Korn Ferry MEX:KFY

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

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Korn Ferry 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 Korn Ferry 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 * 0.9862

0.528 * 1.0052

0.404 * 0.9561

0.892 * 0.9743

0.115 * 0.903

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9857

4.679 * -0.037097

0.327 * 0.9885

-2.71

This Year (Apr26) TTM:

Last Year (Apr25) TTM:

Total Receivables was MXN11,364 Mil.
Revenue was 13456.849 + 12578.971 + 13535.236 + 13450.062 = MXN53,021 Mil.
Gross Profit was 11867.333 + 11047.653 + 11918.203 + 11868.783 = MXN46,702 Mil.
Total Current Assets was MXN33,385 Mil.
Total Assets was MXN71,199 Mil.
Property, Plant and Equipment(Net PPE) was MXN6,350 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN1,789 Mil.
Selling, General, & Admin. Expense(SGA) was MXN38,155 Mil.
Total Current Liabilities was MXN17,201 Mil.
Long-Term Debt & Capital Lease Obligation was MXN9,870 Mil.
Net Income was 1281.022 + 1132.302 + 1342.748 + 1252.557 = MXN5,009 Mil.
Non Operating Income was 112.278 + 129.565 + 131.216 + 239.699 = MXN613 Mil.
Cash Flow from Operations was 5196.747 + 4050.368 + 2251.823 + -4461.788 = MXN7,037 Mil.

Total Receivables was MXN11,826 Mil.
Revenue was 14102.419 + 13956.302 + 13660.614 + 12697.648 = MXN54,417 Mil.
Gross Profit was 12484.051 + 12185.179 + 12213.305 + 11296.159 = MXN48,179 Mil.
Total Current Assets was MXN34,288 Mil.
Total Assets was MXN75,647 Mil.
Property, Plant and Equipment(Net PPE) was MXN6,393 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN1,583 Mil.
Selling, General, & Admin. Expense(SGA) was MXN39,728 Mil.
Total Current Liabilities was MXN18,722 Mil.
Long-Term Debt & Capital Lease Obligation was MXN10,374 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)
	=	(11363.745 / 53021.118)	/	(11826.329 / 54416.983)
	=	0.214325	/	0.217328
	=	0.9862

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)
	=	(48178.694 / 54416.983)	/	(46701.972 / 53021.118)
	=	0.885361	/	0.880818
	=	1.0052

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 - (33385.284 + 6349.884) / 71199.023)	/	(1 - (34287.654 + 6393.105) / 75646.784)
	=	0.441914	/	0.462228
	=	0.9561

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
	=	53021.118	/	54416.983
	=	0.9743

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))
	=	(1583.399 / (1583.399 + 6393.105))	/	(1789.118 / (1789.118 + 6349.884))
	=	0.198508	/	0.21982
	=	0.903

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)
	=	(38155.355 / 53021.118)	/	(39727.599 / 54416.983)
	=	0.719626	/	0.730059
	=	0.9857

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)
	=	((9869.692 + 17200.985) / 71199.023)	/	((10373.607 + 18721.503) / 75646.784)
	=	0.380211	/	0.384618
	=	0.9885

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
	=	(5008.629 - 612.758	-	7037.15)	/	71199.023
	=	-0.037097

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.

Korn Ferry has a M-score of -2.71 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 -2.63 mean?

Korn Ferry (MEX:KFY) has a Beneish M-Score of -2.63 as of Jul. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Korn Ferry and its competitors. According to the industry distribution chart, Korn Ferry ranks #438 out of 1021 companies in the Business Services industry, placing it in the top 42.9%.

Is Korn Ferry's Beneish M-Score too high?

Korn Ferry's current Beneish M-Score is -2.63. Based on the distribution chart, Korn Ferry ranks #438 out of 1021 companies in the Business Services industry, which is above the industry midpoint. Overall, Korn Ferry has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.

How does Korn Ferry's Beneish M-Score compare to RHI and TNET?

According to the Business Services industry distribution chart, Korn Ferry ranks #438 out of 1021 companies for Beneish M-Score. This puts Korn Ferry 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 Business Services company?

A good Beneish M-Score depends on the Business Services 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 Korn Ferry and its competitors. Korn Ferry's current Beneish M-Score is -2.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Korn Ferry stock overvalued right now?

Korn Ferry (MEX:KFY) has a current Beneish M-Score of -2.63. The stock's GF Value™ is MXN1,128.99, compared to a current price of MXN1,195.00 — trading 5.8% above its estimated fair value. The current Beneish M-Score is -2.63. Korn Ferry's overall GF Score™ is 91/100 with 3 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 Korn Ferry (MEX:KFY), the current Beneish M-Score is -2.63 as of Jul. 12, 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 Korn Ferry (MEX:KFY) Overvalued in 2026?

Based on GuruFocus' analysis, Korn Ferry stock appears to be overvalued. The current stock price of MXN1,195.00 is trading 5.8% above its estimated GF Value™ of MXN1,128.99.

Key valuation signals for MEX:KFY:

Beneish M-Score: -2.63
GF Value™: MXN1,128.99 vs. price of MXN1,195.00 (5.8% above fair value)
GF Score™: 91/100 with 3 warning signs

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

Korn Ferry Business Description

Industry Industrials Business Services

Comparable Companies RHI TNET MAN NSP BBSI KFRC KELYA TBI HQI MHH XAMS:RAND TSE:2181 XSWX:ADEN HKSE:02225 TSE:9744 TSE:2154 SHSE:600861 ASX:MMS TSE:215A TSE:2124

Other Exchanges KFY:USA KFY:Germany

Address 1900 Avenue of the Stars, Suite 1225, Los Angeles, CA, USA, 90067

Website https://www.kornferry.com

Korn Ferry is a consulting firm that powers performance. The Company helps unlock the potential in people and unleash transformation across organizations synchronizing, operations, and talent to accelerate performance, fuel growth, and inspire a legacy of change. The company's segment includes Consulting, Digital, Executive Search North America, Executive Search EMEA, Executive Search APAC, Executive Search Latin America, Professional Search & Interim and RPO. The company generates the majority of its revenue from the Executive Search segment and Consulting segment. The Executive search segment helps organizations recruit board-level, chief executive, and other C-suite/senior executive and general management talent to deliver lasting impact.

91GF Score

Get the complete analysis for MEX:KFY

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

MXN1,195.00

Price

MXN1,128.99

GF Value

View MEX:KFY Analysis

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