PZ Cussons NigeriaNSA:PZ 67 Beneish M-Score is -1.76 as of Jun. 25, 2026. GuruFocus rates NSA:PZ with a GF Score™ of 67/100 and a GF Value™ of ₦52.02 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, PZ Cussons Nigeria ranks worse than 83.18% 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.
Warning Sign:
Beneish M-Score -1.76 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for PZ Cussons Nigeria's Beneish M-Score or its related term are showing as below:
NSA:PZ'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.06 Med: -2.51 Max: 3.74
Current: -1.76
During the past 13 years, the highest Beneish M-Score of PZ Cussons Nigeria was 3.74. The lowest was -4.06. And the median was -2.51.
PZ Cussons Nigeria Beneish M-Score Related Terms
PZ Cussons Nigeria Beneish M-Score Historical Data
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The historical data trend for PZ Cussons Nigeria'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.
NSA:PZ vs PG, CL, KVUE: Beneish M-Score Comparison
For the Household & Personal Products subindustry, PZ Cussons Nigeria'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.
PZ Cussons Nigeria Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, PZ Cussons Nigeria's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where PZ Cussons Nigeria'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 PZ Cussons Nigeria 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 * 1.0476
+
0.528 * 1.0864
+
0.404 * 0.5181
+
0.892 * 1.297
+
0.115 * 0.9602
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.2263
+
4.679 * 0.115149
-
0.327 * 0.8025
=
-1.76
* 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))
=
(1934.744 / (1934.744 + 15286.15))
/
(2429.259 / (2429.259 + 18333.264))
=
0.112349
/
0.117002
=
0.9602
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
=
(32289.77 - 0
-
12062.741)
/
175659.59
=
0.115149
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.
PZ Cussons Nigeria has a M-score of -1.76 signals that the company is likely to be a manipulator.
PZ Cussons Nigeria (NSA:PZ) has a Beneish M-Score of -1.76 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PZ Cussons Nigeria and its competitors. According to the industry distribution chart, PZ Cussons Nigeria ranks #1538 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 83.2%.
Is PZ Cussons Nigeria's Beneish M-Score too high?
PZ Cussons Nigeria's current Beneish M-Score is -1.76. Based on the distribution chart, PZ Cussons Nigeria ranks #1538 out of 1849 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, PZ Cussons Nigeria has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PZ Cussons Nigeria's Beneish M-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, PZ Cussons Nigeria ranks #1538 out of 1849 companies for Beneish M-Score. This places PZ Cussons Nigeria 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 PZ Cussons Nigeria and its competitors. PZ Cussons Nigeria's current Beneish M-Score is -1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PZ Cussons Nigeria stock overvalued right now?
Based on GuruFocus' analysis, PZ Cussons Nigeria (NSA:PZ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦52.02, compared to a current price of ₦94.95 — trading 82.5% above its estimated fair value. The current Beneish M-Score is -1.76. PZ Cussons Nigeria's overall GF Score™ is 67/100 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 PZ Cussons Nigeria (NSA:PZ), the current Beneish M-Score is -1.76 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 PZ Cussons Nigeria (NSA:PZ) Overvalued in 2026?
Based on GuruFocus' analysis, PZ Cussons Nigeria stock appears to be overvalued.
The current stock price of ₦94.95 is trading 82.5% above its estimated GF Value™ of ₦52.02.
GuruFocus considers PZ Cussons Nigeria to be Significantly Overvalued.
Key valuation signals for NSA:PZ:
Beneish M-Score: -1.76
GF Value™: ₦52.02 vs. price of ₦94.95 (82.5% above fair value)
No single metric tells the full story. See the NSA:PZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PZ Cussons Nigeria PLC manufactures, distributes and sells consumer products and home appliances. The company's operating segment includes Home and Personal Care Products and Durable Electrical Appliances. It generates maximum revenue from the Home and Personal Care Products segment. Home and Personal Care Products segment includes the production and sale of Morning Fresh, Zip, Canoe, Premier, Excel, Joy, Stella, Venus, Imperial Leather, Cussons Baby, Original Source, Carex, Robb, and others. The Durable Electrical Appliances segment includes the production and sale of Haier Thermocool Refrigerators, Freezers, Televisions, Generators, Air conditioners, Washing Machines and others. Geographically it derives revenue from Nigeria.
67GF Score
Get the complete analysis for NSA:PZ
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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