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AGT Food and IngredientsTSX:AGTF -0.69%34 Beneish M-Score is -2.61 as of Jul. 28, 2026. GuruFocus rates TSX:AGTF with a GF Score™ of 34/100. The stock has 5 warning signs investors should review. Among 1,854 Consumer Packaged Goods companies, AGT Food and Ingredients ranks better than 57.55% 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 -2.61 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for AGT Food and Ingredients's Beneish M-Score or its related term are showing as below:
TSX:AGTF'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.61 Med: -2.45 Max: 10.22
Current: -2.61
During the past 13 years, the highest Beneish M-Score of AGT Food and Ingredients was 10.22. The lowest was -2.61. And the median was -2.45.
AGT Food and Ingredients Beneish M-Score Related Terms
AGT Food and Ingredients Beneish M-Score Historical Data
* 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:AGTF vs ADM, BG, TSN: Beneish M-Score Comparison
For the Farm Products subindustry, AGT Food and Ingredients'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.
AGT Food and Ingredients Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, AGT Food and Ingredients's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where AGT Food and Ingredients's Beneish M-Score falls into.
AGT Food and Ingredients 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 AGT Food and Ingredients 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 * 1.3946
+
0.528 * 0.7143
+
0.404 * 1.1253
+
0.892 * 0.6605
+
0.115 * 1.137
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 2.0001
+
4.679 * 0.01513
-
0.327 * 1.0146
=
-2.61
* 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))
=
(50.164 / (50.164 + 807.442))
/
(44.73 / (44.73 + 824.758))
=
0.058493
/
0.051444
=
1.137
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
=
(-36.288 - -41.449
-
-31.309)
/
2410.462
=
0.01513
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.
AGT Food and Ingredients has a M-score of -2.61 suggests that the company is unlikely to be a manipulator.
AGT Food and Ingredients (TSX:AGTF) has a Beneish M-Score of -2.61 as of Jul. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on AGT Food and Ingredients and its competitors. According to the industry distribution chart, AGT Food and Ingredients ranks #787 out of 1854 companies in the Consumer Packaged Goods industry, placing it in the top 42.4%.
Is AGT Food and Ingredients' Beneish M-Score too high?
AGT Food and Ingredients' current Beneish M-Score is -2.61. Based on the distribution chart, AGT Food and Ingredients ranks #787 out of 1854 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, AGT Food and Ingredients has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does AGT Food and Ingredients' Beneish M-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, AGT Food and Ingredients ranks #787 out of 1854 companies for Beneish M-Score. This puts AGT Food and Ingredients 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 AGT Food and Ingredients and its competitors. AGT Food and Ingredients's current Beneish M-Score is -2.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AGT Food and Ingredients stock overvalued right now?
AGT Food and Ingredients (TSX:AGTF) has a current Beneish M-Score of -2.61. The current Beneish M-Score is -2.61. AGT Food and Ingredients' overall GF Score™ is 34/100 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 AGT Food and Ingredients (TSX:AGTF), the current Beneish M-Score is -2.61 as of Jul. 28, 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.
AGT Food and Ingredients Inc is a globally diversified food company that produces staple products for everyday consumption. Its product portfolio comprises pasta, spices, milled wheat, pulses, rice, cereals, bulgar, popcorn, beans, flours, etc. The products are offered through brands like Corona, Pouyoukas, Pastavilla, Arbella, Veggi, Tamam, Clic, and others. AGT has three reportable operating segments: Packaged Foods and Ingredients, Value Added Processing and Distribution. Maximum revenue is generated from the Value Added Processing segment, which sources pulses and grains from producers, adds value to them through processing, sorting, and packaging, and sells them to its clients. Geographically, the company generates maximum revenue from Europe, Middle East, and Africa (EMEA) region.
34GF Score
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