Whirlpool (MEX:WHR) Beneish M-Score: -2.51 (As of Aug. 10, 2026)

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MEX:WHR Whirlpool Corp MEX:WHR
51 GF Score
Price MXN663.24
GF Value MXN1,246.37
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Whirlpool Beneish M-Score?

Whirlpool MEX:WHR 51 Beneish M-Score is -2.51 as of Aug. 10, 2026. GuruFocus rates MEX:WHR with a GF Score™ of 51/100 and a GF Value™ of MXN1,246.37 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 418 Furnishings, Fixtures & Appliances companies, Whirlpool ranks worse than 55.98% 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 -2.51 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:WHR' s Beneish M-Score Range Over the Past 10 Years
Min: -2.96   Med: -2.58   Max: -2.19
Current: -2.51

During the past 13 years, the highest Beneish M-Score of Whirlpool was -2.19. The lowest was -2.96. And the median was -2.58.


Whirlpool Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Whirlpool'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.

Whirlpool Beneish M-Score Chart

Whirlpool 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 -2.60 -2.92 -2.58 -2.66 -2.58

Whirlpool Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -2.75 -2.61 -2.58 -2.64 -2.51

MEX:WHR vs TILE, HNI, LZB: Beneish M-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Whirlpool'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.


Whirlpool Beneish M-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Whirlpool's Beneish M-Score distribution charts can be found below:

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


MEX:WHR
51GF Score
Whirlpool Corp MEX:WHR
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Whirlpool 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 Whirlpool 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 * 0.961+0.528 * 1.2+0.404 * 0.9975+0.892 * 0.865+0.115 * 0.9906
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0033+4.679 * -0.013575-0.327 * 0.9194
=-2.57

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was MXN21,584 Mil.
Revenue was 61368.133 + 59021.027 + 73787.359 + 73982.159 = MXN268,159 Mil.
Gross Profit was 7712.458 + 7483.571 + 10353.278 + 10896.455 = MXN36,446 Mil.
Total Current Assets was MXN100,436 Mil.
Total Assets was MXN302,339 Mil.
Property, Plant and Equipment(Net PPE) was MXN57,843 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN6,465 Mil.
Selling, General, & Admin. Expense(SGA) was MXN28,011 Mil.
Total Current Liabilities was MXN87,402 Mil.
Long-Term Debt & Capital Lease Obligation was MXN136,608 Mil.
Net Income was 1535.512 + -1478.681 + 1944.616 + 1339.127 = MXN3,341 Mil.
Non Operating Income was 1710.002 + -577.046 + 1764.559 + 440.261 = MXN3,338 Mil.
Cash Flow from Operations was -2093.88 + -14913.043 + 20508.492 + 605.359 = MXN4,107 Mil.
Total Receivables was MXN25,965 Mil.
Revenue was 71042.572 + 74079.142 + 86259.175 + 78623.368 = MXN310,004 Mil.
Gross Profit was 11485.812 + 12418.127 + 13994.175 + 12660.863 = MXN50,559 Mil.
Total Current Assets was MXN105,952 Mil.
Total Assets was MXN315,559 Mil.
Property, Plant and Equipment(Net PPE) was MXN58,879 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN6,512 Mil.
Selling, General, & Admin. Expense(SGA) was MXN32,277 Mil.
Total Current Liabilities was MXN125,045 Mil.
Long-Term Debt & Capital Lease Obligation was MXN129,244 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)
=(21584.413 / 268158.678) / (25965.467 / 310004.257)
=0.080491 / 0.083758
=0.961

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)
=(50558.977 / 310004.257) / (36445.762 / 268158.678)
=0.163091 / 0.135911
=1.2

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 - (100436.444 + 57843.435) / 302338.823) / (1 - (105951.908 + 58878.908) / 315558.563)
=0.476482 / 0.477654
=0.9975

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
=268158.678 / 310004.257
=0.865

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))
=(6511.78 / (6511.78 + 58878.908)) / (6464.944 / (6464.944 + 57843.435))
=0.099583 / 0.10053
=0.9906

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)
=(28011.136 / 268158.678) / (32276.573 / 310004.257)
=0.104457 / 0.104117
=1.0033

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)
=((136608.221 + 87402.041) / 302338.823) / ((129243.629 + 125044.717) / 315558.563)
=0.740925 / 0.805836
=0.9194

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
=(3340.574 - 3337.776 - 4106.928) / 302338.823
=-0.013575

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.

Whirlpool has a M-score of -2.57 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 -2.51 mean?
Whirlpool (MEX:WHR) has a Beneish M-Score of -2.51 as of Aug. 10, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Whirlpool and its competitors. According to the industry distribution chart, Whirlpool ranks #234 out of 418 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 56%.
Is Whirlpool's Beneish M-Score too high?
Whirlpool's current Beneish M-Score is -2.51. Based on the distribution chart, Whirlpool ranks #234 out of 418 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Whirlpool has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Whirlpool's Beneish M-Score compare to TILE and HNI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Whirlpool ranks #234 out of 418 companies for Beneish M-Score. This places Whirlpool 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 Furnishings, Fixtures & Appliances company?
A good Beneish M-Score depends on the Furnishings, Fixtures & Appliances 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 Whirlpool and its competitors. Whirlpool's current Beneish M-Score is -2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Whirlpool stock overvalued right now?
Based on GuruFocus' analysis, Whirlpool (MEX:WHR) is currently considered Possible Value Trap. The stock's GF Value™ is MXN1,246.37, compared to a current price of MXN663.24 — trading 46.8% below its estimated fair value. The current Beneish M-Score is -2.51. Whirlpool's overall GF Score™ is 51/100 with 8 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 Whirlpool (MEX:WHR), the current Beneish M-Score is -2.51 as of Aug. 10, 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 Whirlpool (MEX:WHR) Overvalued in 2026?

Based on GuruFocus' analysis, Whirlpool stock appears to be undervalued. The current stock price of MXN663.24 is trading 46.8% below its estimated GF Value™ of MXN1,246.37. GuruFocus considers Whirlpool to be Possible Value Trap.

Key valuation signals for MEX:WHR:

  • Beneish M-Score: -2.51
  • GF Value™: MXN1,246.37 vs. price of MXN663.24 (46.8% below fair value)
  • GF Score™: 51/100 with 8 warning signs

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


Whirlpool Business Description

Address 2000 North M-63, Mail Drop 2609, Benton Harbor, MI, USA, 49022-2692
Whirlpool Corp is a manufacturer and marketer of kitchen and laundry appliances, with its presence in different markets around the world. It offers products like refrigerators, washing machines, cooktops, ovens, freezers, and others, which are marketed through various brands such as KitchenAid, Maytag, Amana, Brastemp, Consul, Whirlpool, Jennair, etc. The company's operating and reportable segments are: Major Domestic Appliances (MDA) North America (its key revenue-generating segment), MDA Europe, MDA Latin America, and Small Domestic Appliances (SDA) Global.
51GF Score

Get the complete analysis for MEX:WHR

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

MXN663.24
Price
MXN1,246.37
GF Value