McCormickMEX:MKC 65 Beneish M-Score is -1.67 as of Jun. 25, 2026. GuruFocus rates MEX:MKC with a GF Score™ of 65/100 and a GF Value™ of MXN1,416.54 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, McCormick ranks worse than 84.75% 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.
Warning Sign:
Beneish M-Score -1.67 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for McCormick's Beneish M-Score or its related term are showing as below:
MEX:MKC'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.73 Med: -2.49 Max: -1.67
Current: -1.67
During the past 13 years, the highest Beneish M-Score of McCormick was -1.67. The lowest was -2.73. And the median was -2.49.
McCormick Beneish M-Score Related Terms
McCormick Beneish M-Score Historical Data
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The historical data trend for McCormick'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:MKC vs HRL, JBS, SJM: Beneish M-Score Comparison
For the Packaged Foods subindustry, McCormick'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.
McCormick Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, McCormick's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where McCormick'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 McCormick 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 * 1.3429
+
0.528 * 1.0182
+
0.404 * 1.0163
+
0.892 * 1.0022
+
0.115 * 0.879
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9686
+
4.679 * 0.048944
-
0.327 * 0.8972
=
-1.89
* 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))
=
(4197.169 / (4197.169 + 28589.83))
/
(4433.182 / (4433.182 + 26008.423))
=
0.128013
/
0.145629
=
0.879
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
=
(29409.394 - -947.177
-
16579.03)
/
281494.729
=
0.048944
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.
McCormick has a M-score of -1.89 suggests that the company is unlikely to be a manipulator.
McCormick (MEX:MKC) has a Beneish M-Score of -1.67 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on McCormick and its competitors. According to the industry distribution chart, McCormick ranks #1567 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 84.7%.
Is McCormick's Beneish M-Score too high?
McCormick's current Beneish M-Score is -1.67. Based on the distribution chart, McCormick ranks #1567 out of 1849 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, McCormick has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does McCormick's Beneish M-Score compare to HRL and JBS?
According to the Consumer Packaged Goods industry distribution chart, McCormick ranks #1567 out of 1849 companies for Beneish M-Score. This places McCormick 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 McCormick and its competitors. McCormick's current Beneish M-Score is -1.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McCormick stock overvalued right now?
Based on GuruFocus' analysis, McCormick (MEX:MKC) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN1,416.54, compared to a current price of MXN833.57 — trading 41.2% below its estimated fair value. The current Beneish M-Score is -1.67. McCormick's overall GF Score™ is 65/100 with 5 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 McCormick (MEX:MKC), the current Beneish M-Score is -1.67 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 McCormick (MEX:MKC) Overvalued in 2026?
Based on GuruFocus' analysis, McCormick stock appears to be undervalued.
The current stock price of MXN833.57 is trading 41.2% below its estimated GF Value™ of MXN1,416.54.
GuruFocus considers McCormick to be Significantly Undervalued.
Key valuation signals for MEX:MKC:
Beneish M-Score: -1.67
GF Value™: MXN1,416.54 vs. price of MXN833.57 (41.2% below fair value)
No single metric tells the full story. See the MEX:MKC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
In its 135-plus-year history, McCormick has become the leading global manufacturer of spices, herbs, extracts, seasonings, and other flavorings. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and Cholula. This mix will be complemented by the pending addition of Unilever's food brands, primarily Knorr cooking aids and Hellmann's mayonnaise. After the deal close, the combined business is slated to generate 70% of sales from consumers and 30% from restaurants and other packaged food and beverage manufacturers. Around 40% of sales are slated to come from faster-growing emerging markets, with Europe (23%) and North America (36%) accounting for the remainder.
65GF Score
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