The Marzetti CoMZTI +1.54%77 Beneish M-Score is -3.08 as of Jun. 25, 2026. GuruFocus rates MZTI with a GF Score™ of 77/100 and a GF Value™ of $182.64 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, The Marzetti Co ranks better than 86.1% 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 -3.08 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for The Marzetti Co's Beneish M-Score or its related term are showing as below:
MZTI'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.11 Med: -2.69 Max: -1.94
Current: -3.08
During the past 13 years, the highest Beneish M-Score of The Marzetti Co was -1.94. The lowest was -3.11. And the median was -2.69.
The Marzetti Co Beneish M-Score Related Terms
The Marzetti Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for The Marzetti Co'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.
MZTI vs FRPT, CENT, POST: Beneish M-Score Comparison
For the Packaged Foods subindustry, The Marzetti Co'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.
The Marzetti Co Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, The Marzetti Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where The Marzetti Co'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 The Marzetti Co 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 * 0.8946
+
0.528 * 0.9798
+
0.404 * 0.958
+
0.892 * 1.0285
+
0.115 * 0.8712
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0645
+
4.679 * -0.103168
-
0.327 * 0.9738
=
-3.08
* 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))
=
(59.058 / (59.058 + 591.725))
/
(68.901 / (68.901 + 592.576))
=
0.090749
/
0.104162
=
0.8712
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
=
(175.845 - -1.09
-
316.836)
/
1356.055
=
-0.103168
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.
The Marzetti Co has a M-score of -3.08 suggests that the company is unlikely to be a manipulator.
The Marzetti Co (MZTI) has a Beneish M-Score of -3.08 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on The Marzetti Co and its competitors. According to the industry distribution chart, The Marzetti Co ranks #257 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 13.9%.
Is The Marzetti Co's Beneish M-Score too high?
The Marzetti Co's current Beneish M-Score is -3.08. Based on the distribution chart, The Marzetti Co ranks #257 out of 1849 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, The Marzetti Co has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Marzetti Co's Beneish M-Score compare to FRPT and CENT?
According to the Consumer Packaged Goods industry distribution chart, The Marzetti Co ranks #257 out of 1849 companies for Beneish M-Score. This places The Marzetti Co in the top 14% 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 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 The Marzetti Co and its competitors. The Marzetti Co's current Beneish M-Score is -3.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Marzetti Co stock overvalued right now?
Based on GuruFocus' analysis, The Marzetti Co (MZTI) is currently considered Significantly Undervalued. The stock's GF Value™ is $182.64, compared to a current price of $114.35 — trading 37.4% below its estimated fair value. The current Beneish M-Score is -3.08. The Marzetti Co's overall GF Score™ is 77/100 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 The Marzetti Co (MZTI), the current Beneish M-Score is -3.08 as of Jun. 25, 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 The Marzetti Co (MZTI) Overvalued in 2026?
Based on GuruFocus' analysis, The Marzetti Co stock appears to be undervalued.
The current stock price of $114.35 is trading 37.4% below its estimated GF Value™ of $182.64.
GuruFocus considers The Marzetti Co to be Significantly Undervalued.
Key valuation signals for MZTI:
Beneish M-Score: -3.08
GF Value™: $182.64 vs. price of $114.35 (37.4% below fair value)
No single metric tells the full story. See the MZTI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Marzetti Co manufactures and sells specialty food products. Its retail brands include Marzetti, New York Bakery and Sister Schubert's, in addition to exclusive license agreements for Olive Garden dressings, Chick-fil-A sauces and dressings, Buffalo Wild Wings sauces, Arby's sauces, Subway sauces, and Texas Roadhouse steak sauces and frozen rolls. Its foodservice business supplies many of the top restaurant chains in the United States with dressings, sauces, breads and frozen pastas. The company has two reportable segments: Retail and Foodservice, of which it derives maximum revenue from Retail segment.
77GF Score
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