KKR (MEX:KKRC) Beneish M-Score: -2.45 (As of Jun. 25, 2026)


MEX:KKRC KKR & Co Inc MEX:KKRC
85 GF Score
Price MXN1,650.00
GF Value MXN1,961.93
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is KKR Beneish M-Score?

KKR MEX:KKRC -1.49% 85 Beneish M-Score is -2.45 as of Jun. 25, 2026. GuruFocus rates MEX:KKRC with a GF Score™ of 85/100 and a GF Value™ of MXN1,961.93 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 955 Asset Management companies, KKR ranks better than 59.27% 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 -2.45 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:KKRC' s Beneish M-Score Range Over the Past 10 Years
Min: -3.01   Med: -1.83   Max: 3.12
Current: -2.45

During the past 13 years, the highest Beneish M-Score of KKR was 3.12. The lowest was -3.01. And the median was -1.83.


KKR Beneish M-Score Historical Data

* Premium members only.

The historical data trend for KKR'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.

KKR Beneish M-Score Chart

KKR Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.05 -1.49 -1.11 -1.75 -2.45

KKR Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.19 -2.06 -2.53 -2.45 -2.45

MEX:KKRC vs APO, STT, AMP: Beneish M-Score Comparison

For the Asset Management subindustry, KKR'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.


KKR Beneish M-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, KKR's Beneish M-Score distribution charts can be found below:

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


MEX:KKRC
85GF Score
KKR & Co Inc MEX:KKRC
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KKR 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 KKR 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 * 0.7458+0.528 * 0.7771+0.404 * 1.0307+0.892 * 1.2548+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7993+4.679 * -0.004664-0.327 * 1.0011
=-2.58

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was MXN2,024,518 Mil.
Revenue was 76688.132 + 102363.197 + 100249.696 + 94200.209 = MXN373,501 Mil.
Gross Profit was 21244.252 + 20543.675 + 24721.011 + 19822.949 = MXN86,332 Mil.
Total Current Assets was MXN4,406,890 Mil.
Total Assets was MXN7,430,996 Mil.
Property, Plant and Equipment(Net PPE) was MXN33,056 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN0 Mil.
Selling, General, & Admin. Expense(SGA) was MXN50,660 Mil.
Total Current Liabilities was MXN1,124,921 Mil.
Long-Term Debt & Capital Lease Obligation was MXN985,215 Mil.
Net Income was 7307.373 + 20632.858 + 16516.329 + 9605.208 = MXN54,062 Mil.
Non Operating Income was 304.662 + 40298.323 + 30728.535 + 22027.17 = MXN93,359 Mil.
Cash Flow from Operations was 31497.176 + -88233.89 + 43835.465 + 8261.424 = MXN-4,640 Mil.
Total Receivables was MXN2,163,427 Mil.
Revenue was 62493.561 + 66746.165 + 93165.324 + 75259.368 = MXN297,664 Mil.
Gross Profit was -1732.257 + 19787.075 + 17438.498 + 17969.969 = MXN53,463 Mil.
Total Current Assets was MXN4,607,096 Mil.
Total Assets was MXN7,618,080 Mil.
Property, Plant and Equipment(Net PPE) was MXN35,972 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN0 Mil.
Selling, General, & Admin. Expense(SGA) was MXN50,512 Mil.
Total Current Liabilities was MXN1,121,765 Mil.
Long-Term Debt & Capital Lease Obligation was MXN1,039,098 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)
=(2024517.923 / 373501.234) / (2163427.381 / 297664.418)
=5.420378 / 7.268008
=0.7458

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)
=(53463.285 / 297664.418) / (86331.887 / 373501.234)
=0.179609 / 0.231142
=0.7771

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 - (4406889.638 + 33055.526) / 7430996.404) / (1 - (4607096.423 + 35971.694) / 7618079.657)
=0.40251 / 0.39052
=1.0307

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
=373501.234 / 297664.418
=1.2548

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))
=(0 / (0 + 35971.694)) / (0 / (0 + 33055.526))
=0 / 0
=1

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)
=(50659.697 / 373501.234) / (50511.877 / 297664.418)
=0.135635 / 0.169694
=0.7993

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)
=((985215.033 + 1124921.032) / 7430996.404) / ((1039098.002 + 1121765.128) / 7618079.657)
=0.283964 / 0.283649
=1.0011

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
=(54061.768 - 93358.69 - -4639.825) / 7430996.404
=-0.004664

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.

KKR has a M-score of -2.58 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 -2.45 mean?
KKR (MEX:KKRC) has a Beneish M-Score of -2.45 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on KKR and its competitors. According to the industry distribution chart, KKR ranks #389 out of 955 companies in the Asset Management industry, placing it in the top 40.7%.
Is KKR's Beneish M-Score too high?
KKR's current Beneish M-Score is -2.45. Based on the distribution chart, KKR ranks #389 out of 955 companies in the Asset Management industry, which is above the industry midpoint. Overall, KKR has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does KKR's Beneish M-Score compare to APO and STT?
According to the Asset Management industry distribution chart, KKR ranks #389 out of 955 companies for Beneish M-Score. This puts KKR 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 an Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 KKR and its competitors. KKR's current Beneish M-Score is -2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KKR stock overvalued right now?
Based on GuruFocus' analysis, KKR (MEX:KKRC) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN1,961.93, compared to a current price of MXN1,650.00 — trading 15.9% below its estimated fair value. The current Beneish M-Score is -2.45. KKR's overall GF Score™ is 85/100 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 KKR (MEX:KKRC), the current Beneish M-Score is -2.45 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 KKR (MEX:KKRC) Overvalued in 2026?

Based on GuruFocus' analysis, KKR stock appears to be undervalued. The current stock price of MXN1,650.00 is trading 15.9% below its estimated GF Value™ of MXN1,961.93. GuruFocus considers KKR to be Modestly Undervalued.

Key valuation signals for MEX:KKRC:

  • Beneish M-Score: -2.45
  • GF Value™: MXN1,961.93 vs. price of MXN1,650.00 (15.9% below fair value)
  • GF Score™: 85/100 with 6 warning signs

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


KKR Business Description

Address 30 Hudson Yards, New York, NY, USA, 10001
KKR is one of the world's largest alternative asset managers, with $723.2 billion in total managed assets, including $585.0 billion in fee-earning AUM, at the end of September 2025. The company has two core segments: asset management (which includes private markets-private equity, credit, infrastructure, energy, and real estate-and public markets-primarily credit and hedge/investment fund platforms) and insurance (following the firm's initial investment in, and then ultimate purchase of, Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance).
85GF Score

Get the complete analysis for MEX:KKRC

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

MXN1,650.00
Price
MXN1,961.93
GF Value