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Fourth Milling CoSAU:2286 -2.16%23 Beneish M-Score is -1.89 as of Jul. 16, 2026. GuruFocus rates SAU:2286 with a GF Score™ of 23/100. The stock has 3 warning signs investors should review. Among 1,851 Consumer Packaged Goods companies, Fourth Milling Co ranks worse than 80.71% 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 -1.89 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Fourth Milling Co's Beneish M-Score or its related term are showing as below:
SAU:2286'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.21 Med: -1.89 Max: -1.4
Current: -1.89
During the past 3 years, the highest Beneish M-Score of Fourth Milling Co was -1.40. The lowest was -3.21. And the median was -1.89.
Fourth Milling Co Beneish M-Score Related Terms
Fourth Milling Co Beneish M-Score Historical Data
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The historical data trend for Fourth Milling 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.
SAU:2286 vs ADM, BG, TSN: Beneish M-Score Comparison
For the Farm Products subindustry, Fourth Milling 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.
Fourth Milling Co Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Fourth Milling Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Fourth Milling 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 Fourth Milling 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 * 1.4031
+
0.528 * 0.9795
+
0.404 * 1.8158
+
0.892 * 1.0768
+
0.115 * 0.9557
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1402
+
4.679 * -0.034212
-
0.327 * 0.9361
=
-1.89
* 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))
=
(53.811 / (53.811 + 845.446))
/
(56.022 / (56.022 + 838.667))
=
0.059839
/
0.062616
=
0.9557
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
=
(201.41 - 0
-
245.745)
/
1295.876
=
-0.034212
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.
Fourth Milling Co has a M-score of -1.89 suggests that the company is unlikely to be a manipulator.
Fourth Milling Co (SAU:2286) has a Beneish M-Score of -1.89 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Fourth Milling Co and its competitors. According to the industry distribution chart, Fourth Milling Co ranks #1494 out of 1851 companies in the Consumer Packaged Goods industry, placing it in the top 80.7%.
Is Fourth Milling Co's Beneish M-Score too high?
Fourth Milling Co's current Beneish M-Score is -1.89. Based on the distribution chart, Fourth Milling Co ranks #1494 out of 1851 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Fourth Milling Co has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Fourth Milling Co's Beneish M-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Fourth Milling Co ranks #1494 out of 1851 companies for Beneish M-Score. This places Fourth Milling Co 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 Fourth Milling Co and its competitors. Fourth Milling Co's current Beneish M-Score is -1.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fourth Milling Co stock overvalued right now?
Fourth Milling Co (SAU:2286) has a current Beneish M-Score of -1.89. The current Beneish M-Score is -1.89. Fourth Milling Co's overall GF Score™ is 23/100 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 Fourth Milling Co (SAU:2286), the current Beneish M-Score is -1.89 as of Jul. 16, 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.
Fourth Milling Co licensed activities include the packing and milling of wheat, maize, barley, rice, flour, meal, bulgur wheat, oats, dried leguminous vegetables, edible nuts, and corn, as well as the production of flour from rice and the manufacture of starch from corn and potatoes. It also manufactures bakery products such as bread, cakes, biscuits, pies, breakfast cereals, popcorn, frozen bakery items, and traditional desserts. In addition, the Company produces animal feed, including cattle, poultry, birds, and pet feed, along with non-medicinal feed additives. The Company is also engaged in freight transport by road, storage and warehousing of grain, silos, flour, and agricultural products, as well as the wholesale and retail of grains, feed, bakery products, and food and beverages.
23GF Score
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