Regional de Cv (MEX:RA) Beneish M-Score: -1.03 (As of Jun. 24, 2026)


MEX:RA Regional SA de Cv MEX:RA
71 GF Score
Price MXN127.49
GF Value MXN159.63
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Regional de Cv Beneish M-Score?

Regional de Cv MEX:RA -0.59% 71 Beneish M-Score is -1.03 as of Jun. 24, 2026. GuruFocus rates MEX:RA with a GF Score™ of 71/100 and a GF Value™ of MXN159.63 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,396 Banks companies, Regional de Cv ranks worse than 97.35% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -1.03 higher than -1.78, which implies that the company might have manipulated its financial results.

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

MEX:RA' s Beneish M-Score Range Over the Past 10 Years
Min: -3.93   Med: -2.28   Max: -1.03
Current: -1.03

During the past 13 years, the highest Beneish M-Score of Regional de Cv was -1.03. The lowest was -3.93. And the median was -2.28.

MEX:RA
71GF Score
Regional SA de Cv MEX:RA
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Regional de Cv 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 Regional de Cv 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+0.528 * 1+0.404 * 1.0002+0.892 * 1.072+0.115 * 11.664
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0746+4.679 * 0.023859-0.327 * 0.8192
=-1.03

* 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 MXN0 Mil.
Revenue was MXN19,319 Mil.
Gross Profit was MXN19,319 Mil.
Total Current Assets was MXN0 Mil.
Total Assets was MXN277,416 Mil.
Property, Plant and Equipment(Net PPE) was MXN4,814 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN84 Mil.
Selling, General, & Admin. Expense(SGA) was MXN2,146 Mil.
Total Current Liabilities was MXN0 Mil.
Long-Term Debt & Capital Lease Obligation was MXN9,868 Mil.
Net Income was MXN6,619 Mil.
Gross Profit was MXN0 Mil.
Cash Flow from Operations was MXN0 Mil.
 Total Receivables was MXN0 Mil.
Revenue was MXN18,022 Mil.
Gross Profit was MXN18,022 Mil.
Total Current Assets was MXN0 Mil.
Total Assets was MXN248,010 Mil.
Property, Plant and Equipment(Net PPE) was MXN4,351 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN1,088 Mil.
Selling, General, & Admin. Expense(SGA) was MXN1,863 Mil.
Total Current Liabilities was MXN0 Mil.
Long-Term Debt & Capital Lease Obligation was MXN10,769 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)
=(0 / 19319) / (0 / 18022)
=0 / 0
=1

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)
=(18022 / 18022) / (19319 / 19319)
=1 / 1
=1

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 - (0 + 4814) / 277416) / (1 - (0 + 4351) / 248010)
=0.982647 / 0.982456
=1.0002

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
=19319 / 18022
=1.072

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))
=(1088 / (1088 + 4351)) / (84 / (84 + 4814))
=0.200037 / 0.01715
=11.664

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)
=(2146 / 19319) / (1863 / 18022)
=0.111082 / 0.103374
=1.0746

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)
=((9868 + 0) / 277416) / ((10769 + 0) / 248010)
=0.035571 / 0.043422
=0.8192

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
=(6619 - 0 - 0) / 277416
=0.023859

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.

Regional de Cv has a M-score of -1.03 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.03 mean?
Regional de Cv (MEX:RA) has a Beneish M-Score of -1.03 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Regional de Cv and its competitors. According to the industry distribution chart, Regional de Cv ranks #1359 out of 1396 companies in the Banks industry, placing it in the top 97.3%.
Is Regional de Cv's Beneish M-Score too high?
Regional de Cv's current Beneish M-Score is -1.03. Based on the distribution chart, Regional de Cv ranks #1359 out of 1396 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Regional de Cv has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Regional de Cv's Beneish M-Score compare to PNC and USB?
According to the Banks industry distribution chart, Regional de Cv ranks #1359 out of 1396 companies for Beneish M-Score. This places Regional de Cv 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Regional de Cv and its competitors. Regional de Cv's current Beneish M-Score is -1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Regional de Cv stock overvalued right now?
Based on GuruFocus' analysis, Regional de Cv (MEX:RA) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN159.63, compared to a current price of MXN127.49 — trading 20.1% below its estimated fair value. The current Beneish M-Score is -1.03. Regional de Cv's overall GF Score™ is 71/100 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 Regional de Cv (MEX:RA), the current Beneish M-Score is -1.03 as of Jun. 24, 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 Regional de Cv (MEX:RA) Overvalued in 2026?

Based on GuruFocus' analysis, Regional de Cv stock appears to be undervalued. The current stock price of MXN127.49 is trading 20.1% below its estimated GF Value™ of MXN159.63. GuruFocus considers Regional de Cv to be Modestly Undervalued.

Key valuation signals for MEX:RA:

  • Beneish M-Score: -1.03
  • GF Value™: MXN159.63 vs. price of MXN127.49 (20.1% below fair value)
  • GF Score™: 71/100 with 3 warning signs

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

Regional de Cv Business Description

Address Avenida Pedro Ramirez Vazquez 200, Tower 12, Colonia Parque Corporativo Ucaly, San Pedro Garza Garcia, NL, MEX, 66278
Regional SA de Cv is a banking Institution focused on serving the financial needs of Small and Medium Size Businesses. The company's segments include Wholesale Busines; Retail Banking SMEs; Preferred Banking; and Leasing.
71GF Score

Get the complete analysis for MEX:RA

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

MXN127.49
Price
MXN159.63
GF Value