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 -2.66 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Reliance Worldwide's Beneish M-Score or its related term are showing as below:
STU:0EU'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.85 Med: -2.66 Max: -2.21
Current: -2.66
During the past 9 years, the highest Beneish M-Score of Reliance Worldwide was -2.21. The lowest was -2.85. And the median was -2.66.
Reliance Worldwide Beneish M-Score Related Terms
Reliance Worldwide Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Reliance Worldwide'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.
STU:0EU vs TT, JCI, CARR: Beneish M-Score Comparison
For the Building Products & Equipment subindustry, Reliance Worldwide'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.
Reliance Worldwide Beneish M-Score vs Construction Industry
For the Construction industry and Industrials sector, Reliance Worldwide's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Reliance Worldwide'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 Reliance Worldwide 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 * 0.92
+
0.528 * 1.0097
+
0.404 * 1.0319
+
0.892 * 0.9849
+
0.115 * 0.8345
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9925
+
4.679 * -0.047654
-
0.327 * 0.857
=
-2.74
* 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))
=
(55.786 / (55.786 + 325.157))
/
(60.154 / (60.154 + 282.635))
=
0.146442
/
0.175484
=
0.8345
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
=
(108.372 - -2.778
-
202.008)
/
1906.632
=
-0.047654
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.
Reliance Worldwide has a M-score of -2.74 suggests that the company is unlikely to be a manipulator.
Reliance Worldwide (STU:0EU) has a Beneish M-Score of -2.66 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Reliance Worldwide and its competitors. According to the industry distribution chart, Reliance Worldwide ranks #615 out of 1704 companies in the Construction industry, placing it in the top 36.1%.
Is Reliance Worldwide's Beneish M-Score too high?
Reliance Worldwide's current Beneish M-Score is -2.66. Based on the distribution chart, Reliance Worldwide ranks #615 out of 1704 companies in the Construction industry, which is above the industry midpoint. Overall, Reliance Worldwide has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Reliance Worldwide's Beneish M-Score compare to TT and JCI?
According to the Construction industry distribution chart, Reliance Worldwide ranks #615 out of 1704 companies for Beneish M-Score. This puts Reliance Worldwide 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Reliance Worldwide and its competitors. Reliance Worldwide's current Beneish M-Score is -2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reliance Worldwide stock overvalued right now?
Based on GuruFocus' analysis, Reliance Worldwide (STU:0EU) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.66, compared to a current price of €2.12 — trading 20.3% below its estimated fair value. The current Beneish M-Score is -2.66. Reliance Worldwide's overall GF Score™ is 86/100 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 Reliance Worldwide (STU:0EU), the current Beneish M-Score is -2.66 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 Reliance Worldwide (STU:0EU) Overvalued in 2026?
Based on GuruFocus' analysis, Reliance Worldwide stock appears to be undervalued.
The current stock price of €2.12 is trading 20.3% below its estimated GF Value™ of €2.66.
GuruFocus considers Reliance Worldwide to be Modestly Undervalued.
Key valuation signals for STU:0EU:
Beneish M-Score: -2.66
GF Value™: €2.66 vs. price of €2.12 (20.3% below fair value)
No single metric tells the full story. See the STU:0EU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reliance manufactures behind-the-wall plumbing products, which include fittings, pipes, valves, fluid dispensers, pipe systems, and appliance connectors. Its main segment is the US, which comprises about two-thirds of our midcycle EBITDA estimates. Other segments include EMEA and the Asia-Pacific, which contribute about 15% and 20%, respectively, of our midcycle EBITDA estimates. The firm is best known for its push-to-connect products, including the brands SharkBite in the US and John Guest in the United Kingdom. Reliance's primary target segment is the do-it-yourself market. Smaller sales segments include residential and commercial construction, and hot water system manufacturers, which use some Reliance products in manufacturing.
86GF Score
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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