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 -2.19 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Aegis Brands's Beneish M-Score or its related term are showing as below:
TSX:AEG'
s Beneish M-Score Range Over the Past 10 Years
Min: -5.83 Med: -2.31 Max: 25.65
Current: -2.19
During the past 13 years, the highest Beneish M-Score of Aegis Brands was 25.65. The lowest was -5.83. And the median was -2.31.
Aegis Brands Beneish M-Score Related Terms
Aegis Brands Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Aegis Brands'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.
TSX:AEG vs MCD, SBUX, CMG: Beneish M-Score Comparison
For the Restaurants subindustry, Aegis Brands'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.
Aegis Brands Beneish M-Score vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Aegis Brands's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Aegis Brands'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 Aegis Brands 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 * 1.373
+
0.528 * 0.8501
+
0.404 * 1.0202
+
0.892 * 0.9636
+
0.115 * 0.942
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0386
+
4.679 * 0.005195
-
0.327 * 0.8945
=
-2.19
* 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))
=
(1.221 / (1.221 + 0.332))
/
(1.166 / (1.166 + 0.231))
=
0.78622
/
0.834646
=
0.942
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
=
(3.337 - 0.388
-
2.66)
/
55.633
=
0.005195
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.
Aegis Brands has a M-score of -2.19 suggests that the company is unlikely to be a manipulator.
Aegis Brands (TSX:AEG) has a Beneish M-Score of -2.19 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Aegis Brands and its competitors. According to the industry distribution chart, Aegis Brands ranks #304 out of 357 companies in the Restaurants industry, placing it in the top 85.2%.
Is Aegis Brands' Beneish M-Score too high?
Aegis Brands' current Beneish M-Score is -2.19. Based on the distribution chart, Aegis Brands ranks #304 out of 357 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Aegis Brands has a GF Score™ of 32/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aegis Brands' Beneish M-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Aegis Brands ranks #304 out of 357 companies for Beneish M-Score. This places Aegis Brands 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 Restaurants company?
A good Beneish M-Score depends on the Restaurants 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 Aegis Brands and its competitors. Aegis Brands's current Beneish M-Score is -2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aegis Brands stock overvalued right now?
Based on GuruFocus' analysis, Aegis Brands (TSX:AEG) is currently considered Modestly Undervalued. The stock's GF Value™ is C$0.35, compared to a current price of C$0.27 — trading 22.1% below its estimated fair value. The current Beneish M-Score is -2.19. Aegis Brands' overall GF Score™ is 32/100 with 5 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 Aegis Brands (TSX:AEG), the current Beneish M-Score is -2.19 as of Jun. 27, 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 Aegis Brands (TSX:AEG) Overvalued in 2026?
Based on GuruFocus' analysis, Aegis Brands stock appears to be undervalued.
The current stock price of C$0.27 is trading 22.1% below its estimated GF Value™ of C$0.35.
GuruFocus considers Aegis Brands to be Modestly Undervalued.
Key valuation signals for TSX:AEG:
Beneish M-Score: -2.19
GF Value™: C$0.35 vs. price of C$0.27 (22.1% below fair value)
No single metric tells the full story. See the TSX:AEG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aegis Brands Inc is a consolidator of brands in the food and beverage space. The company operates in business segments: Aegis (Corporate): It amounts are public company expenses and amounts relating to shared groups who provide services, such as back-office functions, to support its operating brands; and St. Louis, The company owns the partnership interest of the St. Louis brands and its products, such as sauces and frozen food products, are also sold in grocery stores across Canada. The The company's consolidated operating revenues from continuing operations are comprised of the sales of goods from company operated restaurants, the sale of goods through retail and other ancillary channels, royalties from the St. Louis franchisees, supplier contributions, and other service fees.
32GF Score
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