Moncler SpA (MEX:MONCN) Beneish M-Score: -2.83 (As of Jun. 26, 2026)


MEX:MONCN Moncler SpA MEX:MONCN
100 GF Score
Price MXN1,065.00
GF Value MXN1,209.51
! 2 Warning Signs
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What is Moncler SpA Beneish M-Score?

Moncler SpA MEX:MONCN 100 Beneish M-Score is -2.83 as of Jun. 26, 2026. GuruFocus rates MEX:MONCN with a GF Score™ of 100/100 and a GF Value™ of MXN1,209.51. The stock has 2 warning signs investors should review. Among 1,003 Manufacturing - Apparel & Accessories companies, Moncler SpA ranks better than 72.98% 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 -2.83 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:MONCN' s Beneish M-Score Range Over the Past 10 Years
Min: -3.17   Med: -2.69   Max: -2.27
Current: -2.83

During the past 13 years, the highest Beneish M-Score of Moncler SpA was -2.27. The lowest was -3.17. And the median was -2.69.

Moncler SpA Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Moncler SpA'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.

Moncler SpA Beneish M-Score Chart

Moncler SpA 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 -2.27 -2.27 -2.70 -2.77 -2.83

Moncler SpA 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 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 -2.70 0.00 -2.77 0.00 -2.83

MEX:MONCN vs RL, LEVI, VFC: Beneish M-Score Comparison

For the Apparel Manufacturing subindustry, Moncler SpA'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.

Moncler SpA Beneish M-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Moncler SpA's Beneish M-Score distribution charts can be found below:

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


MEX:MONCN
100GF Score
Moncler SpA MEX:MONCN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Moncler SpA 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 Moncler SpA 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 * 0.9167+0.528 * 0.9994+0.404 * 0.94+0.892 * 0.9727+0.115 * 1.0736
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9912+4.679 * -0.056019-0.327 * 0.9955
=-2.86

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was MXN7,345 Mil.
Revenue was MXN66,038 Mil.
Gross Profit was MXN51,576 Mil.
Total Current Assets was MXN50,025 Mil.
Total Assets was MXN125,650 Mil.
Property, Plant and Equipment(Net PPE) was MXN31,592 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN7,099 Mil.
Selling, General, & Admin. Expense(SGA) was MXN14,831 Mil.
Total Current Liabilities was MXN20,657 Mil.
Long-Term Debt & Capital Lease Obligation was MXN19,787 Mil.
Net Income was MXN13,213 Mil.
Gross Profit was MXN0 Mil.
Cash Flow from Operations was MXN20,251 Mil.
 Total Receivables was MXN8,238 Mil.
Revenue was MXN67,894 Mil.
Gross Profit was MXN52,992 Mil.
Total Current Assets was MXN48,077 Mil.
Total Assets was MXN120,212 Mil.
Property, Plant and Equipment(Net PPE) was MXN27,317 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN6,701 Mil.
Selling, General, & Admin. Expense(SGA) was MXN15,384 Mil.
Total Current Liabilities was MXN22,246 Mil.
Long-Term Debt & Capital Lease Obligation was MXN16,623 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)
=(7345.208 / 66037.655) / (8237.696 / 67894.017)
=0.111228 / 0.121332
=0.9167

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)
=(52992.194 / 67894.017) / (51575.514 / 66037.655)
=0.780513 / 0.781002
=0.9994

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 - (50024.621 + 31591.781) / 125649.931) / (1 - (48076.865 + 27317.233) / 120211.6)
=0.350446 / 0.372822
=0.94

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
=66037.655 / 67894.017
=0.9727

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))
=(6700.991 / (6700.991 + 27317.233)) / (7098.631 / (7098.631 + 31591.781))
=0.196982 / 0.183473
=1.0736

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)
=(14831.32 / 66037.655) / (15383.71 / 67894.017)
=0.224589 / 0.226584
=0.9912

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)
=((19787.084 + 20657.303) / 125649.931) / ((16623.15 + 22246.131) / 120211.6)
=0.321881 / 0.323341
=0.9955

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
=(13212.684 - 0 - 20251.458) / 125649.931
=-0.056019

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.

Moncler SpA has a M-score of -2.86 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 -2.83 mean?
Moncler SpA (MEX:MONCN) has a Beneish M-Score of -2.83 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Moncler SpA and its competitors. According to the industry distribution chart, Moncler SpA ranks #271 out of 1003 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 27%.
Is Moncler SpA's Beneish M-Score too high?
Moncler SpA's current Beneish M-Score is -2.83. Based on the distribution chart, Moncler SpA ranks #271 out of 1003 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Moncler SpA has a GF Score™ of 100/100, reflecting its overall financial health beyond just this single metric.
How does Moncler SpA's Beneish M-Score compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Moncler SpA ranks #271 out of 1003 companies for Beneish M-Score. This puts Moncler SpA 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Moncler SpA and its competitors. Moncler SpA's current Beneish M-Score is -2.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moncler SpA stock overvalued right now?
Moncler SpA (MEX:MONCN) has a current Beneish M-Score of -2.83. The stock's GF Value™ is MXN1,209.51, compared to a current price of MXN1,065.00 — trading 11.9% below its estimated fair value. The current Beneish M-Score is -2.83. Moncler SpA's overall GF Score™ is 100/100 with 2 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 Moncler SpA (MEX:MONCN), the current Beneish M-Score is -2.83 as of Jun. 26, 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 Moncler SpA (MEX:MONCN) Overvalued in 2026?

Based on GuruFocus' analysis, Moncler SpA stock appears to be undervalued. The current stock price of MXN1,065.00 is trading 11.9% below its estimated GF Value™ of MXN1,209.51.

Key valuation signals for MEX:MONCN:

  • Beneish M-Score: -2.83
  • GF Value™: MXN1,209.51 vs. price of MXN1,065.00 (11.9% below fair value)
  • GF Score™: 100/100 with 2 warning signs

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

Moncler SpA Business Description

Address Via Stendhal 47, Milan, ITA, 20144
Moncler consists of its namesake brand and Stone Island (bought in 2021). The Moncler brand is one of the leading players in luxury outerwear. It is globally present with 35% of sales generated in Europe, the Middle East, and Africa, 15% in the Americas, and 50% in Asia and rest of the world. Most of Moncler brand sales are direct to consumer, with 86% generated through the own-retail channel. Around 75%-80% of revenue is generated in the core outerwear segment, with the remainder in the accessory, knitwear, and footwear categories. Stone Island contributed 13% of revenue in 2024.
100GF Score

Get the complete analysis for MEX:MONCN

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

MXN1,065.00
Price
MXN1,209.51
GF Value