Banco debadell (MEX:SABE N) Beneish M-Score: -2.43 (As of Jun. 26, 2026)


MEX:SABE N Banco de Sabadell SA MEX:SABE N
53 GF Score
Price MXN59.11
GF Value MXN38.23
! 5 Warning Signs
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What is Banco debadell Beneish M-Score?

Banco debadell MEX:SABE N 53 Beneish M-Score is -2.43 as of Jun. 26, 2026. GuruFocus rates MEX:SABE N with a GF Score™ of 53/100 and a GF Value™ of MXN38.23. The stock has 5 warning signs investors should review. Among 1,397 Banks companies, Banco debadell ranks better than 55.91% 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.

Good Sign:

Beneish M-Score -2.43 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:SABE N' s Beneish M-Score Range Over the Past 10 Years
Min: -2.77   Med: -2.42   Max: -1.85
Current: -2.43

During the past 13 years, the highest Beneish M-Score of Banco debadell was -1.85. The lowest was -2.77. And the median was -2.42.

MEX:SABE N
53GF Score
Banco de Sabadell SA MEX:SABE N
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Banco debadell 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 Banco debadell 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 * 1.0018+0.892 * 0.9169+0.115 * 0.8595
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0055+4.679 * 0.000397-0.327 * 0.6798
=-2.46

* 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 MXN102,951 Mil.
Gross Profit was MXN102,951 Mil.
Total Current Assets was MXN0 Mil.
Total Assets was MXN5,173,843 Mil.
Property, Plant and Equipment(Net PPE) was MXN33,711 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN8,876 Mil.
Selling, General, & Admin. Expense(SGA) was MXN10,566 Mil.
Total Current Liabilities was MXN0 Mil.
Long-Term Debt & Capital Lease Obligation was MXN475,123 Mil.
Net Income was MXN37,433 Mil.
Gross Profit was MXN0 Mil.
Cash Flow from Operations was MXN35,378 Mil.
 Total Receivables was MXN0 Mil.
Revenue was MXN112,277 Mil.
Gross Profit was MXN112,277 Mil.
Total Current Assets was MXN0 Mil.
Total Assets was MXN5,232,442 Mil.
Property, Plant and Equipment(Net PPE) was MXN43,608 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN9,517 Mil.
Selling, General, & Admin. Expense(SGA) was MXN11,460 Mil.
Total Current Liabilities was MXN0 Mil.
Long-Term Debt & Capital Lease Obligation was MXN706,844 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 / 102950.689) / (0 / 112277.109)
=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)
=(112277.109 / 112277.109) / (102950.689 / 102950.689)
=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 + 33711.077) / 5173842.891) / (1 - (0 + 43608.264) / 5232442.394)
=0.993484 / 0.991666
=1.0018

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
=102950.689 / 112277.109
=0.9169

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))
=(9516.642 / (9516.642 + 43608.264)) / (8876.283 / (8876.283 + 33711.077))
=0.179137 / 0.208425
=0.8595

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)
=(10565.867 / 102950.689) / (11459.825 / 112277.109)
=0.10263 / 0.102067
=1.0055

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)
=((475123.005 + 0) / 5173842.891) / ((706844.049 + 0) / 5232442.394)
=0.091832 / 0.135089
=0.6798

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
=(37432.691 - 0 - 35378.439) / 5173842.891
=0.000397

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.

Banco debadell has a M-score of -2.46 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 -2.43 mean?
Banco debadell (MEX:SABE N) has a Beneish M-Score of -2.43 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Banco debadell and its competitors. According to the industry distribution chart, Banco debadell ranks #616 out of 1397 companies in the Banks industry, placing it in the top 44.1%.
Is Banco debadell's Beneish M-Score too high?
Banco debadell's current Beneish M-Score is -2.43. Based on the distribution chart, Banco debadell ranks #616 out of 1397 companies in the Banks industry, which is above the industry midpoint. Overall, Banco debadell has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Banco debadell's Beneish M-Score compare to JPM and BAC?
According to the Banks industry distribution chart, Banco debadell ranks #616 out of 1397 companies for Beneish M-Score. This puts Banco debadell 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 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 Banco debadell and its competitors. Banco debadell's current Beneish M-Score is -2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco debadell stock overvalued right now?
Banco debadell (MEX:SABE N) has a current Beneish M-Score of -2.43. The stock's GF Value™ is MXN38.23, compared to a current price of MXN59.11 — trading 54.6% above its estimated fair value. The current Beneish M-Score is -2.43. Banco debadell's overall GF Score™ is 53/100 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 Banco debadell (MEX:SABE N), the current Beneish M-Score is -2.43 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 Banco debadell (MEX:SABE N) Overvalued in 2026?

Based on GuruFocus' analysis, Banco debadell stock appears to be overvalued. The current stock price of MXN59.11 is trading 54.6% above its estimated GF Value™ of MXN38.23.

Key valuation signals for MEX:SABE N:

  • Beneish M-Score: -2.43
  • GF Value™: MXN38.23 vs. price of MXN59.11 (54.6% above fair value)
  • GF Score™: 53/100 with 5 warning signs

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

Banco debadell Business Description

Address Placa de Sant Roc no. 20, Sabadell, Alicante, ESP, 08201
Banco de Sabadell SA is a Spanish retail and commercial bank operating mostly in Spain but with a notable lending presence in the United Kingdom and the Americas. It emphasizes scaling its current customer base and laying the foundation for international expansion. Its business line is commercial banking, which focuses on providing financial products and services to large corporations, small to medium-sized enterprises, retailers and sole proprietors, professional groupings, entrepreneurs, and personal customers. Loans and advances constitute a majority of the bank's earning assets. Its credit risk is mostly exposed to mortgage loans, followed by sovereign debt.
53GF Score

Get the complete analysis for MEX:SABE N

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

MXN59.11
Price
MXN38.23
GF Value