Caleffi SpAMIL:CLF -3.97%33 Beneish M-Score is -2.90 as of Jun. 27, 2026. GuruFocus rates MIL:CLF with a GF Score™ of 33/100 and a GF Value™ of €0.90 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,001 Manufacturing - Apparel & Accessories companies, Caleffi SpA ranks better than 77.12% 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 -2.9 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Caleffi SpA's Beneish M-Score or its related term are showing as below:
MIL:CLF'
s Beneish M-Score Range Over the Past 10 Years
Min: -23.7 Med: -2.74 Max: -1.98
Current: -2.9
During the past 13 years, the highest Beneish M-Score of Caleffi SpA was -1.98. The lowest was -23.70. And the median was -2.74.
Caleffi SpA Beneish M-Score Related Terms
Caleffi SpA Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Caleffi SpA'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.
For the Textile Manufacturing subindustry, Caleffi SpA'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.
Caleffi SpA Beneish M-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Caleffi SpA's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Caleffi SpA'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 Caleffi SpA 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 * 0.7253
+
0.528 * 0.9934
+
0.404 * 1.0179
+
0.892 * 1.0624
+
0.115 * 0.9569
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0969
+
4.679 * -0.050322
-
0.327 * 0.9216
=
-2.90
* 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))
=
(2.41 / (2.41 + 9.256))
/
(2.51 / (2.51 + 9.117))
=
0.206583
/
0.215877
=
0.9569
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
=
(1.836 - 0
-
4.801)
/
58.921
=
-0.050322
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.
Caleffi SpA has a M-score of -2.90 suggests that the company is unlikely to be a manipulator.
Caleffi SpA (MIL:CLF) has a Beneish M-Score of -2.90 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Caleffi SpA and its competitors. According to the industry distribution chart, Caleffi SpA ranks #229 out of 1001 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 22.9%.
Is Caleffi SpA's Beneish M-Score too high?
Caleffi SpA's current Beneish M-Score is -2.90. Based on the distribution chart, Caleffi SpA ranks #229 out of 1001 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Caleffi SpA has a GF Score™ of 33/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Caleffi SpA's Beneish M-Score compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Caleffi SpA ranks #229 out of 1001 companies for Beneish M-Score. This places Caleffi SpA in the top 23% of its industry — outperforming the majority of peers. 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Caleffi SpA and its competitors. Caleffi SpA's current Beneish M-Score is -2.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caleffi SpA stock overvalued right now?
Based on GuruFocus' analysis, Caleffi SpA (MIL:CLF) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.90, compared to a current price of €0.77 — trading 14% below its estimated fair value. The current Beneish M-Score is -2.90. Caleffi SpA's overall GF Score™ is 33/100 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 Caleffi SpA (MIL:CLF), the current Beneish M-Score is -2.90 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.
Is Caleffi SpA (MIL:CLF) Overvalued in 2026?
Based on GuruFocus' analysis, Caleffi SpA stock appears to be undervalued.
The current stock price of €0.77 is trading 14% below its estimated GF Value™ of €0.90.
GuruFocus considers Caleffi SpA to be Modestly Undervalued.
Key valuation signals for MIL:CLF:
Beneish M-Score: -2.90
GF Value™: €0.90 vs. price of €0.77 (14% below fair value)
No single metric tells the full story. See the MIL:CLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Caleffi SpA is engaged in the design, manufacturing, and marketing of luxury household linen including duvet covers, sheets, throws, towels, bathrobes, etc. The company's products are sold under its brands such as Caleffi Colors, Living, Campus, Yachting, Cambio, Spugnissima, etc., and through licensed brands such as Disney, Barbie, and Mariella Burani. It caters to both Italian and international markets through its distribution network, both in the retail business and in the wholesale. The company's product offering spans across two categories; Bed which includes the bed cover, lat linen, and accessories; and Other which includes the bathroom, furniture, nightwear, homewear, table, and kitchen textiles. Geographically, it derives key revenue from its business in Italy.
33GF Score
Get the complete analysis for MIL:CLF
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:CLF has been successfully added to your 
