Kerry Group (MEX:KYGAN) Beneish M-Score: -2.43 (As of Jun. 30, 2026)

What is Kerry Group Beneish M-Score?

Kerry Group MEX:KYGAN 65 Beneish M-Score is -2.43 as of Jun. 30, 2026. GuruFocus rates MEX:KYGAN with a GF Score™ of 65/100 and a GF Value™ of MXN1,739.69. The stock has 3 warning signs investors should review. Among 1,848 Consumer Packaged Goods companies, Kerry Group ranks worse than 58.01% 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 -2.43 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:KYGAN' s Beneish M-Score Range Over the Past 10 Years
Min: -2.71 Med: -2.55 Max: -2.31
Current: -2.43

During the past 13 years, the highest Beneish M-Score of Kerry Group was -2.31. The lowest was -2.71. And the median was -2.55.

Kerry Group Beneish M-Score Related Terms

Kerry Group Beneish M-Score Historical Data

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The historical data trend for Kerry Group'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.

Kerry Group Beneish M-Score Chart

Kerry Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.31

-2.34

-2.65

-2.71

-2.43

Kerry Group Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Beneish M-Score	Get a 7-Day Free Trial															-2.65	0.00	-2.71	0.00	-2.43

MEX:KYGAN vs KHC, GIS, HRL: Beneish M-Score Comparison

For the Packaged Foods subindustry, Kerry Group'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.

Kerry Group Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kerry Group's Beneish M-Score distribution charts can be found below:

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

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65GF Score

Kerry Group PLC MEX:KYGAN

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

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Kerry Group 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 Kerry Group 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 * 1.0479

0.528 * 1.0045

0.404 * 1.0828

0.892 * 0.9416

0.115 * 1.0014

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9839

4.679 * -0.009092

0.327 * 0.9067

-2.46

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was MXN25,609 Mil.
Revenue was MXN142,477 Mil.
Gross Profit was MXN72,881 Mil.
Total Current Assets was MXN58,407 Mil.
Total Assets was MXN224,947 Mil.
Property, Plant and Equipment(Net PPE) was MXN42,615 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN6,515 Mil.
Selling, General, & Admin. Expense(SGA) was MXN21,191 Mil.
Total Current Liabilities was MXN34,862 Mil.
Long-Term Debt & Capital Lease Obligation was MXN53,975 Mil.
Net Income was MXN13,884 Mil.
Gross Profit was MXN0 Mil.
Cash Flow from Operations was MXN15,929 Mil.

Total Receivables was MXN25,955 Mil.
Revenue was MXN151,321 Mil.
Gross Profit was MXN77,751 Mil.
Total Current Assets was MXN88,225 Mil.
Total Assets was MXN273,253 Mil.
Property, Plant and Equipment(Net PPE) was MXN46,007 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN7,045 Mil.
Selling, General, & Admin. Expense(SGA) was MXN22,876 Mil.
Total Current Liabilities was MXN63,596 Mil.
Long-Term Debt & Capital Lease Obligation was MXN55,430 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)
	=	(25608.575 / 142476.954)	/	(25954.973 / 151320.661)
	=	0.179738	/	0.171523
	=	1.0479

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)
	=	(77751.36 / 151320.661)	/	(72880.917 / 142476.954)
	=	0.513819	/	0.511528
	=	1.0045

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 - (58406.78 + 42614.896) / 224946.855)	/	(1 - (88225.071 + 46007.019) / 273253.347)
	=	0.550909	/	0.508763
	=	1.0828

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
	=	142476.954	/	151320.661
	=	0.9416

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))
	=	(7045.077 / (7045.077 + 46007.019))	/	(6514.943 / (6514.943 + 42614.896))
	=	0.132795	/	0.132607
	=	1.0014

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)
	=	(21191.486 / 142476.954)	/	(22875.755 / 151320.661)
	=	0.148736	/	0.151174
	=	0.9839

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)
	=	((53974.932 + 34862.324) / 224946.855)	/	((55430.301 + 63595.69) / 273253.347)
	=	0.394926	/	0.435588
	=	0.9067

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
	=	(13883.786 - 0	-	15928.93)	/	224946.855
	=	-0.009092

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.

Kerry Group has a M-score of -2.46 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 -2.43 mean?

Kerry Group (MEX:KYGAN) has a Beneish M-Score of -2.43 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kerry Group and its competitors. According to the industry distribution chart, Kerry Group ranks #1072 out of 1848 companies in the Consumer Packaged Goods industry, placing it in the top 58%.

Is Kerry Group's Beneish M-Score too high?

Kerry Group's current Beneish M-Score is -2.43. Based on the distribution chart, Kerry Group ranks #1072 out of 1848 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Kerry Group has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.

How does Kerry Group's Beneish M-Score compare to KHC and GIS?

According to the Consumer Packaged Goods industry distribution chart, Kerry Group ranks #1072 out of 1848 companies for Beneish M-Score. This places Kerry Group in the lower 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 Consumer Packaged Goods company?

A good Beneish M-Score depends on the Consumer Packaged Goods 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 Kerry Group and its competitors. Kerry Group's current Beneish M-Score is -2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Kerry Group stock overvalued right now?

Kerry Group (MEX:KYGAN) has a current Beneish M-Score of -2.43. The stock's GF Value™ is MXN1,739.69, compared to a current price of MXN1,758.74 — trading 1.1% above its estimated fair value. The current Beneish M-Score is -2.43. Kerry Group's overall GF Score™ is 65/100 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 Kerry Group (MEX:KYGAN), the current Beneish M-Score is -2.43 as of Jun. 30, 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 Kerry Group (MEX:KYGAN) Overvalued in 2026?

Based on GuruFocus' analysis, Kerry Group stock appears to be overvalued. The current stock price of MXN1,758.74 is trading 1.1% above its estimated GF Value™ of MXN1,739.69.

Key valuation signals for MEX:KYGAN:

Beneish M-Score: -2.43
GF Value™: MXN1,739.69 vs. price of MXN1,758.74 (1.1% above fair value)
GF Score™: 65/100 with 3 warning signs

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

Kerry Group Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies DUB:GL9 XSWX:NESN XPAR:BN BOG:NUTRESA TSE:2802 NSE:NESTLEIND SHSE:603288 KHC SHSE:600887 GIS SZSE:300999 LSE:ABF SGX:F34 HRL MEX:BIMBOA HKSE:00288 MKC TPE:1216 BOM:500825 JBS

Other Exchanges KRYAY:USA KRYAF:USA KRZ:Ireland KYGAl:UK KYGA:UK KRZ:Germany

Address Prince\'s Street, Tralee, Kerry, IRL, V92 EH11

Website https://www.kerry.com

Kerry Group is a leading taste and ingredient technology company and an innovation partner for the food, beverage, and pharmaceutical sectors. The company has more than 200 locations that supply clients in more than 50 countries. Its taste and nutrition unit earns around 67% of its revenue from developed countries and 33% from the developing world, servicing a wide range of sectors, such as meat, meals, snacks, dairy, drinks, and pharmaceuticals. Kerry has expanded through a combination of organic development and dozens of tuck-in acquisitions.

65GF Score

Get the complete analysis for MEX:KYGAN

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

MXN1,758.74

Price

MXN1,739.69

GF Value

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