CNH Industrial NVSTU:37C +3.06%68 Beneish M-Score is -2.66 as of Jun. 25, 2026. GuruFocus rates STU:37C with a GF Score™ of 68/100 and a GF Value™ of €8.82 (Fairly Valued). The stock has 6 warning signs investors should review. Among 205 Farm & Heavy Construction Machinery companies, CNH Industrial NV ranks better than 66.83% 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 -2.66 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for CNH Industrial NV's Beneish M-Score or its related term are showing as below:
STU:37C'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.86 Med: -2.5 Max: -1.09
Current: -2.66
During the past 13 years, the highest Beneish M-Score of CNH Industrial NV was -1.09. The lowest was -2.86. And the median was -2.50.
CNH Industrial NV Beneish M-Score Related Terms
CNH Industrial NV Beneish M-Score Historical Data
* Premium members only.
The historical data trend for CNH Industrial NV'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:37C vs AGCO, OSK, TEX: Beneish M-Score Comparison
For the Farm & Heavy Construction Machinery subindustry, CNH Industrial NV'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.
CNH Industrial NV Beneish M-Score vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, CNH Industrial NV's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where CNH Industrial NV'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 CNH Industrial NV 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 * 1.0341
+
0.528 * 1.0366
+
0.404 * 1.0101
+
0.892 * 0.8889
+
0.115 * 1.0238
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.2079
+
4.679 * -0.031567
-
0.327 * 1.0092
=
-2.71
* 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))
=
(562.889 / (562.889 + 3235.65))
/
(554.366 / (554.366 + 3275.755))
=
0.148186
/
0.144739
=
1.0238
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
=
(332.33 - -587.896
-
2068.097)
/
36362.87
=
-0.031567
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.
CNH Industrial NV has a M-score of -2.71 suggests that the company is unlikely to be a manipulator.
CNH Industrial NV (STU:37C) has a Beneish M-Score of -2.66 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on CNH Industrial NV and its competitors. According to the industry distribution chart, CNH Industrial NV ranks #68 out of 205 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 33.2%.
Is CNH Industrial NV's Beneish M-Score too high?
CNH Industrial NV's current Beneish M-Score is -2.66. Based on the distribution chart, CNH Industrial NV ranks #68 out of 205 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, CNH Industrial NV has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CNH Industrial NV's Beneish M-Score compare to AGCO and OSK?
According to the Farm & Heavy Construction Machinery industry distribution chart, CNH Industrial NV ranks #68 out of 205 companies for Beneish M-Score. This puts CNH Industrial NV 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 Farm & Heavy Construction Machinery company?
A good Beneish M-Score depends on the Farm & Heavy Construction Machinery 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 CNH Industrial NV and its competitors. CNH Industrial NV'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 CNH Industrial NV stock overvalued right now?
Based on GuruFocus' analysis, CNH Industrial NV (STU:37C) is currently considered Fairly Valued. The stock's GF Value™ is €8.82, compared to a current price of €9.08 — trading 2.9% above its estimated fair value. The current Beneish M-Score is -2.66. CNH Industrial NV's overall GF Score™ is 68/100 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 CNH Industrial NV (STU:37C), the current Beneish M-Score is -2.66 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 CNH Industrial NV (STU:37C) Overvalued in 2026?
Based on GuruFocus' analysis, CNH Industrial NV stock appears to be overvalued.
The current stock price of €9.08 is trading 2.9% above its estimated GF Value™ of €8.82.
GuruFocus considers CNH Industrial NV to be Fairly Valued.
Key valuation signals for STU:37C:
Beneish M-Score: -2.66
GF Value™: €8.82 vs. price of €9.08 (2.9% above fair value)
No single metric tells the full story. See the STU:37C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CNH Industrial is the world's second largest manufacturer of agricultural machinery (82% of industrial net sales) as well as a major player in construction equipment (18% of industrial net sales). Its Case and New Holland brands have served farmers for generations. Geographically, agricultural sales are 40% in North America, 32% in Europe, the Middle East, and Africa, 18% in South America, and 10% in Asia-Pacific. CNH's products are available through a robust independent dealer network, which includes over 2,600 dealer and distribution locations and reach into 164 countries. The construction business leverages over 400 dealers. The company's captive finance arm provides retail financing to its customers and wholesale financing to dealers to maintain inventory, thereby supporting sales.
68GF Score
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