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 -2.88 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Malibu Boats's Beneish M-Score or its related term are showing as below:
MEX:MBUU'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.72 Med: -2.5 Max: -0.91
Current: -2.88
During the past 13 years, the highest Beneish M-Score of Malibu Boats was -0.91. The lowest was -3.72. And the median was -2.50.
Malibu Boats Beneish M-Score Related Terms
Malibu Boats Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Malibu Boats'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.
MEX:MBUU vs MCFT, WGO, KNDI: Beneish M-Score Comparison
For the Recreational Vehicles subindustry, Malibu Boats'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.
Malibu Boats Beneish M-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Malibu Boats's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Malibu Boats'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 Malibu Boats 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 * 0.8804
+
0.528 * 1.0734
+
0.404 * 1.2089
+
0.892 * 0.9984
+
0.115 * 0.9101
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9242
+
4.679 * -0.063892
-
0.327 * 1.7043
=
-2.99
* 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))
=
(738.656 / (738.656 + 4856.756))
/
(749.243 / (749.243 + 4416.118))
=
0.132011
/
0.145051
=
0.9101
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
=
(-12.749 - 17.993
-
1129.23)
/
18155.34
=
-0.063892
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.
Malibu Boats has a M-score of -2.99 suggests that the company is unlikely to be a manipulator.
Malibu Boats (MEX:MBUU) has a Beneish M-Score of -2.88 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Malibu Boats and its competitors. According to the industry distribution chart, Malibu Boats ranks #256 out of 1273 companies in the Vehicles & Parts industry, placing it in the top 20.1%.
Is Malibu Boats' Beneish M-Score too high?
Malibu Boats' current Beneish M-Score is -2.88. Based on the distribution chart, Malibu Boats ranks #256 out of 1273 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Malibu Boats has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Malibu Boats' Beneish M-Score compare to MCFT and WGO?
According to the Vehicles & Parts industry distribution chart, Malibu Boats ranks #256 out of 1273 companies for Beneish M-Score. This places Malibu Boats in the top 20% 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Malibu Boats and its competitors. Malibu Boats's current Beneish M-Score is -2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malibu Boats stock overvalued right now?
Malibu Boats (MEX:MBUU) has a current Beneish M-Score of -2.88. The stock's GF Value™ is MXN930.55, compared to a current price of MXN706.23 — trading 24.1% below its estimated fair value. The current Beneish M-Score is -2.88. Malibu Boats' overall GF Score™ is 77/100 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 Malibu Boats (MEX:MBUU), the current Beneish M-Score is -2.88 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 Malibu Boats (MEX:MBUU) Overvalued in 2026?
Based on GuruFocus' analysis, Malibu Boats stock appears to be undervalued.
The current stock price of MXN706.23 is trading 24.1% below its estimated GF Value™ of MXN930.55.
Key valuation signals for MEX:MBUU:
Beneish M-Score: -2.88
GF Value™: MXN930.55 vs. price of MXN706.23 (24.1% below fair value)
No single metric tells the full story. See the MEX:MBUU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Malibu Boats is a designer and manufacturer of power boats in the United States. It is a market leader in performance sport boats, sold under its Malibu and Axis brands. It acquired Cobalt Boats, a producer of sterndrive boats, in 2017, and Pursuit Boats, which makes high-end offshore and outboard motorboats, in 2018. In 2021, it purchased Maverick Boat Group, a seller of flat fishing boats, with exposure to bay, dual console, and center console boats. Most recently, in 2026, it tied up with Saxdor Yachts, focused on adventure dayboats. Malibu has also expanded into boat trailers and accessories, and in 2020, began producing its own engines for its performance sport boats.
77GF Score
Get the complete analysis for MEX:MBUU
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:MBUU has been successfully added to your 
