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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 Revolve Group's Beneish M-Score or its related term are showing as below:
MEX:RVLV'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.79 Med: -2.09 Max: 1.27
Current: -1.67
During the past 9 years, the highest Beneish M-Score of Revolve Group was 1.27. The lowest was -3.79. And the median was -2.09.
The historical data trend for Revolve Group'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:RVLV vs LQDT, TDUP, JMIA: Beneish M-Score Comparison
For the Internet Retail subindustry, Revolve Group'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.
Revolve Group Beneish M-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Revolve Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Revolve Group'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 Revolve Group 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 * 1.7026
+
0.528 * 0.9659
+
0.404 * 1.1924
+
0.892 * 0.9966
+
0.115 * 0.8964
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0147
+
4.679 * 0.016413
-
0.327 * 1.0233
=
-1.72
* 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))
=
(113.255 / (113.255 + 820.106))
/
(129.875 / (129.875 + 829.613))
=
0.121341
/
0.135359
=
0.8964
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
=
(1305.159 - 282.549
-
781.235)
/
14706.715
=
0.016413
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.
Revolve Group has a M-score of -1.72 signals that the company is likely to be a manipulator.
Revolve Group (MEX:RVLV) has a Beneish M-Score of -1.67 as of Aug. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Revolve Group and its competitors. According to the industry distribution chart, Revolve Group ranks #921 out of 1087 companies in the Retail - Cyclical industry, placing it in the top 84.7%.
Is Revolve Group's Beneish M-Score too high?
Revolve Group's current Beneish M-Score is -1.67. Based on the distribution chart, Revolve Group ranks #921 out of 1087 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Revolve Group has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Revolve Group's Beneish M-Score compare to LQDT and TDUP?
According to the Retail - Cyclical industry distribution chart, Revolve Group ranks #921 out of 1087 companies for Beneish M-Score. This places Revolve Group 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 Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 Revolve Group and its competitors. Revolve Group'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 Revolve Group stock overvalued right now?
Revolve Group (MEX:RVLV) has a current Beneish M-Score of -1.67. The stock's GF Value™ is MXN375.91, compared to a current price of MXN375.00 — trading 0.2% below its estimated fair value. The current Beneish M-Score is -1.67. Revolve Group's overall GF Score™ is 90/100 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 Revolve Group (MEX:RVLV), the current Beneish M-Score is -1.67 as of Aug. 08, 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 Revolve Group (MEX:RVLV) Overvalued in 2026?
Based on GuruFocus' analysis, Revolve Group stock appears to be undervalued.
The current stock price of MXN375.00 is trading 0.2% below its estimated GF Value™ of MXN375.91.
Key valuation signals for MEX:RVLV:
Beneish M-Score: -1.67
GF Value™: MXN375.91 vs. price of MXN375.00 (0.2% below fair value)
No single metric tells the full story. See the MEX:RVLV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Revolve Group Inc is an emerging e-commerce retailer, selling women's dresses, handbags, shoes, beauty products, and incidentals across its marketplace properties, Revolve and FWRD. The platform is built to suit the "next-generation customer," emphasizing mobile commerce, influencer marketing, and occupying an aspirational but attainable luxury niche. With $1.1 billion in 2024 net sales, the firm sits just outside the top 30 apparel retailers (by sales) in the U.S, but has consistently generated robust top-line growth as the industry continues to favor digital channels. Revolve generates approximately 18% of sales from private-label offerings, while focusing on building an inventory of distinctive products from emerging fashion brands with less than $10 million in annual sales.
90GF Score
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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