PPC (Pilgrims Pride) Beneish M-Score: -2.73 (As of Aug. 24, 2026)

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PPC Pilgrims Pride Corp PPC
76 GF Score
Price $32.45
GF Value $39.80
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Pilgrims Pride Beneish M-Score?

Pilgrims Pride PPC +0.54% 76 Beneish M-Score is -2.73 as of Aug. 24, 2026. GuruFocus rates PPC with a GF Score™ of 76/100 and a GF Value™ of $39.80 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,864 Consumer Packaged Goods companies, Pilgrims Pride ranks better than 68.24% 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 -2.73 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

PPC' s Beneish M-Score Range Over the Past 10 Years
Min: -3.3   Med: -2.51   Max: -0.9
Current: -2.73

During the past 13 years, the highest Beneish M-Score of Pilgrims Pride was -0.90. The lowest was -3.30. And the median was -2.51.


Pilgrims Pride Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Pilgrims Pride'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.

Pilgrims Pride Beneish M-Score Chart

Pilgrims Pride 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 -2.59 -2.26 -2.27 -3.30 -2.39

Pilgrims Pride 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 -2.72 -2.59 -2.39 -2.49 -2.73

PPC vs LW, CAG, CPB: Beneish M-Score Comparison

For the Packaged Foods subindustry, Pilgrims Pride'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.


Pilgrims Pride Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Pilgrims Pride's Beneish M-Score distribution charts can be found below:

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


PPC
76GF Score
Pilgrims Pride Corp PPC
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pilgrims Pride 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 Pilgrims Pride 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 * 0.8203+0.528 * 1.4342+0.404 * 0.9979+0.892 * 1.0142+0.115 * 1.0357
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1408+4.679 * -0.065474-0.327 * 0.9872
=-2.73

* 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 $1,006 Mil.
Revenue was 4626.23 + 4532.633 + 4517.837 + 4759.342 = $18,436 Mil.
Gross Profit was 339.752 + 345.49 + 428.591 + 659.384 = $1,773 Mil.
Total Current Assets was $3,720 Mil.
Total Assets was $10,030 Mil.
Property, Plant and Equipment(Net PPE) was $4,014 Mil.
Depreciation, Depletion and Amortization(DDA) was $480 Mil.
Selling, General, & Admin. Expense(SGA) was $825 Mil.
Total Current Liabilities was $2,745 Mil.
Long-Term Debt & Capital Lease Obligation was $3,051 Mil.
Net Income was 13.377 + 101.423 + 87.993 + 342.813 = $546 Mil.
Non Operating Income was -6.747 + -2.524 + -5.796 + -4.017 = $-19 Mil.
Cash Flow from Operations was 331.028 + 140.818 + 291.21 + 458.337 = $1,221 Mil.
Total Receivables was $1,209 Mil.
Revenue was 4757.365 + 4463.009 + 4372.064 + 4584.979 = $18,177 Mil.
Gross Profit was 715.295 + 554.873 + 553.262 + 683.97 = $2,507 Mil.
Total Current Assets was $4,257 Mil.
Total Assets was $10,119 Mil.
Property, Plant and Equipment(Net PPE) was $3,541 Mil.
Depreciation, Depletion and Amortization(DDA) was $440 Mil.
Selling, General, & Admin. Expense(SGA) was $713 Mil.
Total Current Liabilities was $2,619 Mil.
Long-Term Debt & Capital Lease Obligation was $3,304 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)
=(1005.877 / 18436.042) / (1208.989 / 18177.417)
=0.05456 / 0.06651
=0.8203

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)
=(2507.4 / 18177.417) / (1773.217 / 18436.042)
=0.13794 / 0.096182
=1.4342

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 - (3720.23 + 4014.171) / 10029.924) / (1 - (4257.211 + 3540.842) / 10118.666)
=0.228867 / 0.22934
=0.9979

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
=18436.042 / 18177.417
=1.0142

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))
=(440.346 / (440.346 + 3540.842)) / (479.922 / (479.922 + 4014.171))
=0.110607 / 0.10679
=1.0357

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)
=(825.286 / 18436.042) / (713.309 / 18177.417)
=0.044765 / 0.039241
=1.1408

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)
=((3051.183 + 2744.955) / 10029.924) / ((3303.686 + 2619.379) / 10118.666)
=0.577885 / 0.58536
=0.9872

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
=(545.606 - -19.084 - 1221.393) / 10029.924
=-0.065474

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.

Pilgrims Pride has a M-score of -2.73 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 -2.73 mean?
Pilgrims Pride (PPC) has a Beneish M-Score of -2.73 as of Aug. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Pilgrims Pride and its competitors. According to the industry distribution chart, Pilgrims Pride ranks #592 out of 1864 companies in the Consumer Packaged Goods industry, placing it in the top 31.8%.
Is Pilgrims Pride's Beneish M-Score too high?
Pilgrims Pride's current Beneish M-Score is -2.73. Based on the distribution chart, Pilgrims Pride ranks #592 out of 1864 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Pilgrims Pride has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pilgrims Pride's Beneish M-Score compare to LW and CAG?
According to the Consumer Packaged Goods industry distribution chart, Pilgrims Pride ranks #592 out of 1864 companies for Beneish M-Score. This puts Pilgrims Pride in the upper 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 Pilgrims Pride and its competitors. Pilgrims Pride's current Beneish M-Score is -2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pilgrims Pride stock overvalued right now?
Based on GuruFocus' analysis, Pilgrims Pride (PPC) is currently considered Modestly Undervalued. The stock's GF Value™ is $39.80, compared to a current price of $32.45 — trading 18.5% below its estimated fair value. The current Beneish M-Score is -2.73. Pilgrims Pride's overall GF Score™ is 76/100 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 Pilgrims Pride (PPC), the current Beneish M-Score is -2.73 as of Aug. 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 Pilgrims Pride (PPC) Overvalued in 2026?

Based on GuruFocus' analysis, Pilgrims Pride stock appears to be undervalued. The current stock price of $32.45 is trading 18.5% below its estimated GF Value™ of $39.80. GuruFocus considers Pilgrims Pride to be Modestly Undervalued.

Key valuation signals for PPC:

  • Beneish M-Score: -2.73
  • GF Value™: $39.80 vs. price of $32.45 (18.5% below fair value)
  • GF Score™: 76/100 with 2 warning signs

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


Pilgrims Pride Business Description

Other Exchanges 1PPC:Italy6PP:Germany
Address 1770 Promontory Circle, Greeley, CO, USA, 80634-9038
Pilgrim's Pride is the second-largest poultry producer in the US (59% of 2024 sales), the UK (29% including other European sales), and Mexico (12%). Its UK and European arm also includes pork operations from the 2019 acquisition of Tulip. Pilgrim's sells to chain restaurants, food processors, food distributors, and retail chains. Most of its US and Mexican sales come from fresh chicken, while prepared chicken and pork constitute most of its UK and European sales. JBS owns more than 80% of Pilgrim's Pride's outstanding shares, though it failed to acquire the remaining stake in 2021 after a special board committee deemed JBS's offer undervalued Pilgrim's Pride.
76GF Score

Get the complete analysis for PPC

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

$32.45
Price
$39.80
GF Value