Krynica VitaminWAR:KVT 69 Beneish M-Score is -2.69 as of Jun. 29, 2026. GuruFocus rates WAR:KVT with a GF Score™ of 69/100 and a GF Value™ of zł10.41 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 109 Beverages - Non-Alcoholic companies, Krynica Vitamin ranks better than 66.97% 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 -2.69 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Krynica Vitamin's Beneish M-Score or its related term are showing as below:
WAR:KVT'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.46 Med: -2.71 Max: -1.86
Current: -2.69
During the past 12 years, the highest Beneish M-Score of Krynica Vitamin was -1.86. The lowest was -3.46. And the median was -2.71.
Krynica Vitamin Beneish M-Score Related Terms
Krynica Vitamin Beneish M-Score Historical Data
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The historical data trend for Krynica Vitamin'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.
WAR:KVT vs KO, PEP, MNST: Beneish M-Score Comparison
For the Beverages - Non-Alcoholic subindustry, Krynica Vitamin'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.
Krynica Vitamin Beneish M-Score vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Krynica Vitamin's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Krynica Vitamin'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 Krynica Vitamin 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 * 1.1848
+
0.528 * 0.9841
+
0.404 * 1.1759
+
0.892 * 0.94
+
0.115 * 0.9684
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9014
+
4.679 * -0.088599
-
0.327 * 0.959
=
-2.69
* 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))
=
(14.373 / (14.373 + 122.049))
/
(14.352 / (14.352 + 117.562))
=
0.105357
/
0.108798
=
0.9684
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
=
(11.857 - 0
-
31.965)
/
226.954
=
-0.088599
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.
Krynica Vitamin has a M-score of -2.69 suggests that the company is unlikely to be a manipulator.
Krynica Vitamin (WAR:KVT) has a Beneish M-Score of -2.69 as of Jun. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Krynica Vitamin and its competitors. According to the industry distribution chart, Krynica Vitamin ranks #36 out of 109 companies in the Beverages - Non-Alcoholic industry, placing it in the top 33%.
Is Krynica Vitamin's Beneish M-Score too high?
Krynica Vitamin's current Beneish M-Score is -2.69. Based on the distribution chart, Krynica Vitamin ranks #36 out of 109 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, Krynica Vitamin has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Krynica Vitamin's Beneish M-Score compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Krynica Vitamin ranks #36 out of 109 companies for Beneish M-Score. This puts Krynica Vitamin 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 Beverages - Non-Alcoholic company?
A good Beneish M-Score depends on the Beverages - Non-Alcoholic 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 Krynica Vitamin and its competitors. Krynica Vitamin's current Beneish M-Score is -2.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Krynica Vitamin stock overvalued right now?
Based on GuruFocus' analysis, Krynica Vitamin (WAR:KVT) is currently considered Modestly Overvalued. The stock's GF Value™ is zł10.41, compared to a current price of zł13.50 — trading 29.7% above its estimated fair value. The current Beneish M-Score is -2.69. Krynica Vitamin's overall GF Score™ is 69/100 with 9 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 Krynica Vitamin (WAR:KVT), the current Beneish M-Score is -2.69 as of Jun. 29, 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 Krynica Vitamin (WAR:KVT) Overvalued in 2026?
Based on GuruFocus' analysis, Krynica Vitamin stock appears to be overvalued.
The current stock price of zł13.50 is trading 29.7% above its estimated GF Value™ of zł10.41.
GuruFocus considers Krynica Vitamin to be Modestly Overvalued.
Key valuation signals for WAR:KVT:
Beneish M-Score: -2.69
GF Value™: zł10.41 vs. price of zł13.50 (29.7% above fair value)
No single metric tells the full story. See the WAR:KVT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Krynica Vitamin SA is a Polish producer of non-alcoholic and low-alcoholic beverages. The company is engaged in producing beverages for own brands and providing bottling services for brand-name products. It offer includes functional and energy drinks such as isotonic and hypotonic drinks, beverages that support metabolism, and diet supplementary vitamin drinks. It also offers functional waters, modern mixed-fruit drinks, drinks with fruit pulp, alcopops, ciders, malt beverages and a wide selection of carbonated beverages.
69GF Score
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