Ralph Lauren (MEX:RL) Beneish M-Score: -2.44 (As of Jul. 12, 2026)


MEX:RL Ralph Lauren Corp MEX:RL
29 GF Score
Price MXN5,774.00
GF Value MXN4,321.62
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Ralph Lauren Beneish M-Score?

Ralph Lauren MEX:RL 29 Beneish M-Score is -2.44 as of Jul. 12, 2026. GuruFocus rates MEX:RL with a GF Score™ of 29/100 and a GF Value™ of MXN4,321.62 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 997 Manufacturing - Apparel & Accessories companies, Ralph Lauren ranks worse than 56.07% 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 -2.44 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:RL' s Beneish M-Score Range Over the Past 10 Years
Min: -3.08   Med: -2.73   Max: -2.15
Current: -2.44

During the past 13 years, the highest Beneish M-Score of Ralph Lauren was -2.15. The lowest was -3.08. And the median was -2.73.


Ralph Lauren Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Ralph Lauren'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.

Ralph Lauren Beneish M-Score Chart

Ralph Lauren Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.45 -2.23 -2.77 -2.71 -2.44

Ralph Lauren Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -2.71 -2.57 -2.50 -2.46 -2.44

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

For the Apparel Manufacturing subindustry, Ralph Lauren'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.


Ralph Lauren Beneish M-Score vs Manufacturing - Apparel & Accessories Industry

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

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


MEX:RL
29GF Score
Ralph Lauren Corp MEX:RL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ralph Lauren 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 Ralph Lauren 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 * 0.9286+0.528 * 0.9806+0.404 * 0.9654+0.892 * 1.0506+0.115 * 1.1328
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.989+4.679 * -0.011284-0.327 * 1.0086
=-2.56

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was MXN12,221 Mil.
Revenue was 35681.304 + 43321.714 + 36884.683 + 32369.278 = MXN148,257 Mil.
Gross Profit was 24863.487 + 30280.186 + 25065.515 + 23391.515 = MXN103,601 Mil.
Total Current Assets was MXN70,097 Mil.
Total Assets was MXN139,564 Mil.
Property, Plant and Equipment(Net PPE) was MXN42,741 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN4,262 Mil.
Selling, General, & Admin. Expense(SGA) was MXN79,899 Mil.
Total Current Liabilities was MXN32,937 Mil.
Long-Term Debt & Capital Lease Obligation was MXN50,077 Mil.
Net Income was 2733.757 + 6510.861 + 3806.422 + 4149.956 = MXN17,201 Mil.
Non Operating Income was -434.588 + -682.416 + -713.589 + -342.691 = MXN-2,173 Mil.
Cash Flow from Operations was 2620.151 + 14037.244 + 975.911 + 3315.822 = MXN20,949 Mil.
Total Receivables was MXN12,527 Mil.
Revenue was 34723.703 + 44704.193 + 33985.458 + 27703.66 = MXN141,117 Mil.
Gross Profit was 23839.94 + 30576.542 + 22756.08 + 19525.566 = MXN96,698 Mil.
Total Current Assets was MXN77,535 Mil.
Total Assets was MXN144,175 Mil.
Property, Plant and Equipment(Net PPE) was MXN38,042 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN4,355 Mil.
Selling, General, & Admin. Expense(SGA) was MXN76,900 Mil.
Total Current Liabilities was MXN43,652 Mil.
Long-Term Debt & Capital Lease Obligation was MXN41,375 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)
=(12220.761 / 148256.979) / (12526.556 / 141117.014)
=0.08243 / 0.088767
=0.9286

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)
=(96698.128 / 141117.014) / (103600.703 / 148256.979)
=0.685234 / 0.698791
=0.9806

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 - (70096.711 + 42741.106) / 139564.082) / (1 - (77534.532 + 38042.023) / 144175.073)
=0.191498 / 0.19836
=0.9654

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
=148256.979 / 141117.014
=1.0506

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))
=(4354.968 / (4354.968 + 38042.023)) / (4261.968 / (4261.968 + 42741.106))
=0.102719 / 0.090674
=1.1328

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)
=(79899.014 / 148256.979) / (76899.923 / 141117.014)
=0.538922 / 0.544937
=0.989

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)
=((50076.808 + 32936.727) / 139564.082) / ((41374.664 + 43651.661) / 144175.073)
=0.594806 / 0.589744
=1.0086

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
=(17200.996 - -2173.284 - 20949.128) / 139564.082
=-0.011284

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.

Ralph Lauren has a M-score of -2.56 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 -2.44 mean?
Ralph Lauren (MEX:RL) has a Beneish M-Score of -2.44 as of Jul. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ralph Lauren and its competitors. According to the industry distribution chart, Ralph Lauren ranks #559 out of 997 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 56.1%.
Is Ralph Lauren's Beneish M-Score too high?
Ralph Lauren's current Beneish M-Score is -2.44. Based on the distribution chart, Ralph Lauren ranks #559 out of 997 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Ralph Lauren has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ralph Lauren's Beneish M-Score compare to LEVI and VFC?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Ralph Lauren ranks #559 out of 997 companies for Beneish M-Score. This places Ralph Lauren 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 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 Ralph Lauren and its competitors. Ralph Lauren's current Beneish M-Score is -2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ralph Lauren stock overvalued right now?
Based on GuruFocus' analysis, Ralph Lauren (MEX:RL) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN4,321.62, compared to a current price of MXN5,774.00 — trading 33.6% above its estimated fair value. The current Beneish M-Score is -2.44. Ralph Lauren's overall GF Score™ is 29/100 with 6 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 Ralph Lauren (MEX:RL), the current Beneish M-Score is -2.44 as of Jul. 12, 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 Ralph Lauren (MEX:RL) Overvalued in 2026?

Based on GuruFocus' analysis, Ralph Lauren stock appears to be overvalued. The current stock price of MXN5,774.00 is trading 33.6% above its estimated GF Value™ of MXN4,321.62. GuruFocus considers Ralph Lauren to be Significantly Overvalued.

Key valuation signals for MEX:RL:

  • Beneish M-Score: -2.44
  • GF Value™: MXN4,321.62 vs. price of MXN5,774.00 (33.6% above fair value)
  • GF Score™: 29/100 with 6 warning signs

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


Ralph Lauren Business Description

Address 650 Madison Avenue, New York, NY, USA, 10022
Founded by designer Ralph Lauren (current executive chairman and chief creative officer) in 1967 in New York City, Ralph Lauren Corp. designs, markets, and distributes lifestyle merchandise in North America (41% of fiscal 2026 sales), Europe (31%), and Asia (26%). Best known for its iconic polo shirts, its products also include other types of apparel, footwear, eyewear, jewelry, handbags, home goods, and fragrances. The company's brands include Ralph Lauren Collection, Polo Ralph Lauren, and Lauren Ralph Lauren. Distribution channels for Ralph Lauren include wholesale (department stores and specialty stores), retail (company-owned retail stores and e-commerce), and licensing.
29GF Score

Get the complete analysis for MEX:RL

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

MXN5,774.00
Price
MXN4,321.62
GF Value