Maple Leaf FoodsMLFNF +0.97%56 Beneish M-Score is -2.42 as of Jun. 24, 2026. GuruFocus rates MLFNF with a GF Score™ of 56/100 and a GF Value™ of $14.71 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, Maple Leaf Foods ranks worse than 58.41% 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 -2.42 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Maple Leaf Foods's Beneish M-Score or its related term are showing as below:
MLFNF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.35 Med: -2.78 Max: -2.06
Current: -2.42
During the past 13 years, the highest Beneish M-Score of Maple Leaf Foods was -2.06. The lowest was -3.35. And the median was -2.78.
Maple Leaf Foods Beneish M-Score Related Terms
Maple Leaf Foods Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Maple Leaf Foods'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 Packaged Foods subindustry, Maple Leaf Foods'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.
Maple Leaf Foods Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Maple Leaf Foods's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Maple Leaf Foods'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 Maple Leaf Foods 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 * 0.8284
+
0.528 * 0.8293
+
0.404 * 1.1622
+
0.892 * 1.0922
+
0.115 * 0.9786
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9352
+
4.679 * 0.036142
-
0.327 * 0.9485
=
-2.39
* 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))
=
(188.575 / (188.575 + 1567.883))
/
(158.564 / (158.564 + 1286.757))
=
0.107361
/
0.109709
=
0.9786
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
=
(390.583 - -53.383
-
349.824)
/
2604.756
=
0.036142
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.
Maple Leaf Foods has a M-score of -2.39 suggests that the company is unlikely to be a manipulator.
Maple Leaf Foods (MLFNF) has a Beneish M-Score of -2.42 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Maple Leaf Foods and its competitors. According to the industry distribution chart, Maple Leaf Foods ranks #1080 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 58.4%.
Is Maple Leaf Foods' Beneish M-Score too high?
Maple Leaf Foods' current Beneish M-Score is -2.42. Based on the distribution chart, Maple Leaf Foods ranks #1080 out of 1849 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Maple Leaf Foods has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Maple Leaf Foods' Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Maple Leaf Foods ranks #1080 out of 1849 companies for Beneish M-Score. This places Maple Leaf Foods 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Maple Leaf Foods and its competitors. Maple Leaf Foods's current Beneish M-Score is -2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maple Leaf Foods stock overvalued right now?
Based on GuruFocus' analysis, Maple Leaf Foods (MLFNF) is currently considered Significantly Overvalued. The stock's GF Value™ is $14.71, compared to a current price of $21.79 — trading 48.1% above its estimated fair value. The current Beneish M-Score is -2.42. Maple Leaf Foods' overall GF Score™ is 56/100 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 Maple Leaf Foods (MLFNF), the current Beneish M-Score is -2.42 as of Jun. 24, 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 Maple Leaf Foods (MLFNF) Overvalued in 2026?
Based on GuruFocus' analysis, Maple Leaf Foods stock appears to be overvalued.
The current stock price of $21.79 is trading 48.1% above its estimated GF Value™ of $14.71.
GuruFocus considers Maple Leaf Foods to be Significantly Overvalued.
Key valuation signals for MLFNF:
Beneish M-Score: -2.42
GF Value™: $14.71 vs. price of $21.79 (48.1% above fair value)
No single metric tells the full story. See the MLFNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maple Leaf Foods Inc is a protein-focused consumer packaged goods company that responsibly produces food products under brands including Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Mina, Greenfield Natural Meat Co., Lightlife, and Field Roast. The company's portfolio includes prepared meats, ready-to-cook and ready-to-serve meals, value-added fresh pork and poultry, and plant protein products. Its main markets are Canada, the United States, and Others.
56GF Score
Get the complete analysis for MLFNF
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
MLFNF has been successfully added to your 
