Value Grupo FinancieroB de CV (MEX:VALUEGFO) Beneish M-Score: -2.66 (As of Aug. 09, 2026)

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MEX:VALUEGFO Value Grupo Financiero SAB de CV MEX:VALUEGFO
48 GF Score
Price MXN60.00
GF Value MXN778.85
! 2 Warning Signs
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What is Value Grupo FinancieroB de CV Beneish M-Score?

Value Grupo FinancieroB de CV MEX:VALUEGFO 48 Beneish M-Score is -2.66 as of Aug. 09, 2026. GuruFocus rates MEX:VALUEGFO with a GF Score™ of 48/100 and a GF Value™ of MXN778.85. The stock has 2 warning signs investors should review.

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 -2.66 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Value Grupo FinancieroB de CV's Beneish M-Score or its related term are showing as below:

MEX:VALUEGFO' s Beneish M-Score Range Over the Past 10 Years
Min: -6.66   Med: -2.3   Max: 25.01
Current: -2.66

During the past 13 years, the highest Beneish M-Score of Value Grupo FinancieroB de CV was 25.01. The lowest was -6.66. And the median was -2.30.

MEX:VALUEGFO
48GF Score
Value Grupo Financiero SAB de CV MEX:VALUEGFO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Value Grupo FinancieroB 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 Value Grupo FinancieroB 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 * 1.0046+0.892 * 1.0363+0.115 * 1.1896
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1613+4.679 * -0.029396-0.327 * 1.2246
=-2.66

* 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 MXN0 Mil.
Revenue was 868.708 + 198.814 + 553.873 + 425.864 = MXN2,047 Mil.
Gross Profit was 868.708 + 198.814 + 553.873 + 425.864 = MXN2,047 Mil.
Total Current Assets was MXN0 Mil.
Total Assets was MXN26,542 Mil.
Property, Plant and Equipment(Net PPE) was MXN1,763 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN50 Mil.
Selling, General, & Admin. Expense(SGA) was MXN2,057 Mil.
Total Current Liabilities was MXN0 Mil.
Long-Term Debt & Capital Lease Obligation was MXN10,290 Mil.
Net Income was 165.94 + -432.71 + 85.88 + 48.57 = MXN-132 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = MXN0 Mil.
Cash Flow from Operations was 724.66 + 520.833 + -513.726 + -83.855 = MXN648 Mil.
 Total Receivables was MXN0 Mil.
Revenue was 877.906 + 109.07 + 679.009 + 309.635 = MXN1,976 Mil.
Gross Profit was 877.906 + 109.07 + 679.009 + 309.635 = MXN1,976 Mil.
Total Current Assets was MXN0 Mil.
Total Assets was MXN20,305 Mil.
Property, Plant and Equipment(Net PPE) was MXN1,436 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN49 Mil.
Selling, General, & Admin. Expense(SGA) was MXN1,709 Mil.
Total Current Liabilities was MXN0 Mil.
Long-Term Debt & Capital Lease Obligation was MXN6,428 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 / 2047.259) / (0 / 1975.62)
=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)
=(1975.62 / 1975.62) / (2047.259 / 2047.259)
=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 + 1763.095) / 26542.371) / (1 - (0 + 1435.802) / 20304.977)
=0.933574 / 0.929288
=1.0046

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
=2047.259 / 1975.62
=1.0363

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))
=(48.651 / (48.651 + 1435.802)) / (49.949 / (49.949 + 1763.095))
=0.032774 / 0.02755
=1.1896

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)
=(2056.997 / 2047.259) / (1709.233 / 1975.62)
=1.004757 / 0.865163
=1.1613

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)
=((10289.641 + 0) / 26542.371) / ((6427.633 + 0) / 20304.977)
=0.387668 / 0.316555
=1.2246

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
=(-132.32 - 0 - 647.912) / 26542.371
=-0.029396

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.

Value Grupo FinancieroB de CV has a M-score of -2.66 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 -2.66 mean?
Value Grupo FinancieroB de CV (MEX:VALUEGFO) has a Beneish M-Score of -2.66 as of Aug. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Value Grupo FinancieroB de CV and its competitors.
Is Value Grupo FinancieroB de CV's Beneish M-Score too high?
Value Grupo FinancieroB de CV's current Beneish M-Score is -2.66. Overall, Value Grupo FinancieroB de CV has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Value Grupo FinancieroB de CV's Beneish M-Score compare to MS and GS?
Value Grupo FinancieroB de CV's Beneish M-Score of -2.66 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Beneish M-Score depends on the Capital Markets 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 Value Grupo FinancieroB de CV and its competitors. Value Grupo FinancieroB de CV's current Beneish M-Score is -2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Value Grupo FinancieroB de CV stock overvalued right now?
Value Grupo FinancieroB de CV (MEX:VALUEGFO) has a current Beneish M-Score of -2.66. The stock's GF Value™ is MXN778.85, compared to a current price of MXN60.00 — trading 92.3% below its estimated fair value. The current Beneish M-Score is -2.66. Value Grupo FinancieroB de CV's overall GF Score™ is 48/100 with 2 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 Value Grupo FinancieroB de CV (MEX:VALUEGFO), the current Beneish M-Score is -2.66 as of Aug. 09, 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 Value Grupo FinancieroB de CV (MEX:VALUEGFO) Overvalued in 2026?

Based on GuruFocus' analysis, Value Grupo FinancieroB de CV stock appears to be undervalued. The current stock price of MXN60.00 is trading 92.3% below its estimated GF Value™ of MXN778.85.

Key valuation signals for MEX:VALUEGFO:

  • Beneish M-Score: -2.66
  • GF Value™: MXN778.85 vs. price of MXN60.00 (92.3% below fair value)
  • GF Score™: 48/100 with 2 warning signs

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

Value Grupo FinancieroB de CV Business Description

Address Avenida Bosques del Valles 106, Colonia del Valle, San Pedro Garza Garcia, MEX, 66250
Value Grupo Financiero SAB de CV is engaged in brokerage, operator of funds, investment management and leasing. The company provides services in Mexico to the client base that includes corporations, governments and individual investors.
48GF Score

Get the complete analysis for MEX:VALUEGFO

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

MXN60.00
Price
MXN778.85
GF Value