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ColruytXBRU:COLRS 89 Beneish M-Score is -2.76 as of Aug. 25, 2026. GuruFocus rates XBRU:COLRS with a GF Score™ of 89/100. The stock has 2 warning signs investors should review. Among 294 Retail - Defensive companies, Colruyt ranks better than 64.63% 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 -2.76 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Colruyt's Beneish M-Score or its related term are showing as below:
XBRU:COLRS'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.88 Med: -2.76 Max: -2.31
Current: -2.76
During the past 13 years, the highest Beneish M-Score of Colruyt was -2.31. The lowest was -2.88. And the median was -2.76.
The historical data trend for Colruyt'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.
For the Grocery Stores subindustry, Colruyt'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.
Colruyt Beneish M-Score vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Colruyt's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Colruyt'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 Colruyt 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 * 0.9747
+
0.528 * 0.9995
+
0.404 * 1.1193
+
0.892 * 1.0312
+
0.115 * 0.8454
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0577
+
4.679 * -0.067964
-
0.327 * 0.9825
=
-2.77
* 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))
=
(412.1 / (412.1 + 3123.4))
/
(481.5 / (481.5 + 3010.6))
=
0.116561
/
0.137883
=
0.8454
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
=
(303.5 - 0
-
744.7)
/
6491.7
=
-0.067964
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.
Colruyt has a M-score of -2.77 suggests that the company is unlikely to be a manipulator.
Colruyt (XBRU:COLRS) has a Beneish M-Score of -2.76 as of Aug. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Colruyt and its competitors. According to the industry distribution chart, Colruyt ranks #104 out of 294 companies in the Retail - Defensive industry, placing it in the top 35.4%.
Is Colruyt's Beneish M-Score too high?
Colruyt's current Beneish M-Score is -2.76. Based on the distribution chart, Colruyt ranks #104 out of 294 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Colruyt has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does Colruyt's Beneish M-Score compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Colruyt ranks #104 out of 294 companies for Beneish M-Score. This puts Colruyt 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 Retail - Defensive company?
A good Beneish M-Score depends on the Retail - Defensive 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 Colruyt and its competitors. Colruyt's current Beneish M-Score is -2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Colruyt stock overvalued right now?
Colruyt (XBRU:COLRS) has a current Beneish M-Score of -2.76. The current Beneish M-Score is -2.76. Colruyt's overall GF Score™ is 89/100 with 2 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 Colruyt (XBRU:COLRS), the current Beneish M-Score is -2.76 as of Aug. 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.
Colruyt Group NV is a retail group that operates in the areas of expertise Food, Health and Well-being, Non-Food and Energy, mainly in Belgium, but also in other countries, including France and Luxembourg. It operates a chain of supermarkets under the Colruyt brand, offering products at low prices through both physical outlets and webshops. The group is also active in the wholesale segment through Spar stores and the Solucious food service, among other initiatives. Its operating segments are: Food; Health and Well-being and Non-food; and Group activities, Real Estate and Energy. The majority of its revenue is generated from the Food segment, which offers a diverse range of food brands and sells directly to bulk and other consumers through its own stores and online channels (retail).
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