Valmet (MEX:VALMT) Beneish M-Score: -2.55 (As of Jun. 27, 2026)


What is Valmet Beneish M-Score?

Valmet MEX:VALMT 82 Beneish M-Score is -2.55 as of Jun. 27, 2026. GuruFocus rates MEX:VALMT with a GF Score™ of 82/100. The stock has 6 warning signs investors should review. Among 2,926 Industrial Products companies, Valmet ranks better than 59.36% 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 -2.55 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:VALMT' s Beneish M-Score Range Over the Past 10 Years
Min: -3.16   Med: -2.65   Max: -1.75
Current: -2.55

During the past 13 years, the highest Beneish M-Score of Valmet was -1.75. The lowest was -3.16. And the median was -2.65.

Valmet Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Valmet'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.

Valmet Beneish M-Score Chart

Valmet 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 -2.65 -1.77 -2.58 -2.80 -2.79

Valmet 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 -3.02 -2.98 -2.90 -2.79 -2.55

MEX:VALMT vs GEV, ETN, PH: Beneish M-Score Comparison

For the Specialty Industrial Machinery subindustry, Valmet'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.

Valmet Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Valmet's Beneish M-Score distribution charts can be found below:

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


Valmet 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 Valmet 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 * 0.9654+0.528 * 1.0355+0.404 * 0.9931+0.892 * 0.9819+0.115 * 0.9879
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9836+4.679 * -0.022137-0.327 * 0.9996
=-2.61

* 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 MXN21,826.86 Mil.
Revenue was 25933.733 + 31141.006 + 27882.323 + 26951.6 = MXN111,908.66 Mil.
Gross Profit was 6462.586 + 8517.919 + 7557.294 + 7622.894 = MXN30,160.69 Mil.
Total Current Assets was MXN60,289.67 Mil.
Total Assets was MXN138,757.98 Mil.
Property, Plant and Equipment(Net PPE) was MXN15,260.04 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN4,407.80 Mil.
Selling, General, & Admin. Expense(SGA) was MXN20,677.89 Mil.
Total Current Liabilities was MXN51,638.15 Mil.
Long-Term Debt & Capital Lease Obligation was MXN28,289.45 Mil.
Net Income was 708.8 + 2213.816 + 1851.645 + 608.094 = MXN5,382.36 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = MXN0.00 Mil.
Cash Flow from Operations was 729.647 + 3984.868 + 2023.891 + 1715.694 = MXN8,454.10 Mil.
 Total Receivables was MXN23,023.77 Mil.
Revenue was 26186.496 + 33369.12 + 28300.709 + 26109.598 = MXN113,965.92 Mil.
Gross Profit was 7541.888 + 9150.302 + 7954.794 + 7158.447 = MXN31,805.43 Mil.
Total Current Assets was MXN65,798.00 Mil.
Total Assets was MXN151,833.02 Mil.
Property, Plant and Equipment(Net PPE) was MXN16,388.68 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN4,660.20 Mil.
Selling, General, & Admin. Expense(SGA) was MXN21,408.16 Mil.
Total Current Liabilities was MXN59,428.31 Mil.
Long-Term Debt & Capital Lease Obligation was MXN28,066.44 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)
=(21826.863 / 111908.662) / (23023.769 / 113965.923)
=0.195042 / 0.202023
=0.9654

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)
=(31805.431 / 113965.923) / (30160.693 / 111908.662)
=0.279078 / 0.269512
=1.0355

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 - (60289.674 + 15260.042) / 138757.978) / (1 - (65797.995 + 16388.677) / 151833.019)
=0.455529 / 0.458704
=0.9931

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
=111908.662 / 113965.923
=0.9819

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))
=(4660.196 / (4660.196 + 16388.677)) / (4407.799 / (4407.799 + 15260.042))
=0.221399 / 0.224112
=0.9879

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)
=(20677.885 / 111908.662) / (21408.155 / 113965.923)
=0.184775 / 0.187847
=0.9836

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)
=((28289.45 + 51638.148) / 138757.978) / ((28066.439 + 59428.306) / 151833.019)
=0.576022 / 0.576256
=0.9996

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
=(5382.355 - 0 - 8454.1) / 138757.978
=-0.022137

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.

Valmet has a M-score of -2.61 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 -2.55 mean?
Valmet (MEX:VALMT) has a Beneish M-Score of -2.55 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Valmet and its competitors. According to the industry distribution chart, Valmet ranks #1189 out of 2926 companies in the Industrial Products industry, placing it in the top 40.6%.
Is Valmet's Beneish M-Score too high?
Valmet's current Beneish M-Score is -2.55. Based on the distribution chart, Valmet ranks #1189 out of 2926 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Valmet has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Valmet's Beneish M-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Valmet ranks #1189 out of 2926 companies for Beneish M-Score. This puts Valmet 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Valmet and its competitors. Valmet's current Beneish M-Score is -2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Valmet stock overvalued right now?
Valmet (MEX:VALMT) has a current Beneish M-Score of -2.55. The current Beneish M-Score is -2.55. Valmet's overall GF Score™ is 82/100 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 Valmet (MEX:VALMT), the current Beneish M-Score is -2.55 as of Jun. 27, 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.

Valmet Business Description

Address Keilasatama 5, P.O. Box 11, Espoo, FIN, 02150
Valmet Oyj is a Finland-based company that supplies technologies, automation solutions, and other services to customers in the pulp, paper, packaging, tissue, and energy industries. The company operates in two segments; Biomaterial Solutions and Services, covering pulp, energy, circularity, packaging, paper, and tissue; and Process Performance Solutions, focusing on flow control and automation technologies. The company generates maximum revenue from the Biomaterial Solutions and Services segment.