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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 -2.46 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for The Walt Disney Co's Beneish M-Score or its related term are showing as below:
XKAZ:DIS_KZ'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.8 Med: -2.58 Max: -1.76
Current: -2.46
During the past 13 years, the highest Beneish M-Score of The Walt Disney Co was -1.76. The lowest was -2.80. And the median was -2.58.
The Walt Disney Co Beneish M-Score Related Terms
The Walt Disney Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for The Walt Disney Co'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.
XKAZ:DIS_KZ vs WBD, LYV, NFLX: Beneish M-Score Comparison
For the Entertainment subindustry, The Walt Disney Co'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.
The Walt Disney Co Beneish M-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, The Walt Disney Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where The Walt Disney Co'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 The Walt Disney Co 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 * 1.0201
+
0.528 * 0.9982
+
0.404 * 0.9711
+
0.892 * 1.0855
+
0.115 * 0.9782
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0131
+
4.679 * -0.02085
-
0.327 * 1.0114
=
-2.50
* 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))
=
(2478120.562 / (2478120.562 + 19385732.844))
/
(2781963.376 / (2781963.376 + 21226937.619))
=
0.113343
/
0.115872
=
0.9782
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
=
(5717127.332 - -256159.955
-
8025584.968)
/
98432458.647
=
-0.02085
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.
The Walt Disney Co has a M-score of -2.50 suggests that the company is unlikely to be a manipulator.
The Walt Disney Co (XKAZ:DIS_KZ) has a Beneish M-Score of -2.46 as of Jul. 17, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on The Walt Disney Co and its competitors. According to the industry distribution chart, The Walt Disney Co ranks #563 out of 976 companies in the Media - Diversified industry, placing it in the top 57.7%.
Is The Walt Disney Co's Beneish M-Score too high?
The Walt Disney Co's current Beneish M-Score is -2.46. Based on the distribution chart, The Walt Disney Co ranks #563 out of 976 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, The Walt Disney Co has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does The Walt Disney Co's Beneish M-Score compare to WBD and LYV?
According to the Media - Diversified industry distribution chart, The Walt Disney Co ranks #563 out of 976 companies for Beneish M-Score. This places The Walt Disney Co 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 The Walt Disney Co and its competitors. The Walt Disney Co's current Beneish M-Score is -2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Walt Disney Co stock overvalued right now?
The Walt Disney Co (XKAZ:DIS_KZ) has a current Beneish M-Score of -2.46. The stock's GF Value™ is ₸115.77, compared to a current price of ₸102.00 — trading 11.9% below its estimated fair value. The current Beneish M-Score is -2.46. The Walt Disney Co's overall GF Score™ is 86/100 with 3 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 The Walt Disney Co (XKAZ:DIS_KZ), the current Beneish M-Score is -2.46 as of Jul. 17, 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 The Walt Disney Co (XKAZ:DIS_KZ) Overvalued in 2026?
Based on GuruFocus' analysis, The Walt Disney Co stock appears to be undervalued.
The current stock price of ₸102.00 is trading 11.9% below its estimated GF Value™ of ₸115.77.
Key valuation signals for XKAZ:DIS_KZ:
Beneish M-Score: -2.46
GF Value™: ₸115.77 vs. price of ₸102.00 (11.9% below fair value)
No single metric tells the full story. See the XKAZ:DIS_KZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Disney operates in three global business segments: entertainment, sports, and experiences. Entertainment and experiences both benefit from the firm's ownership of iconic franchises and characters. Entertainment includes the ABC broadcast network, several cable television networks, and the Disney+ and Hulu streaming services. Within the segment, Disney also engages in movie and television production and distribution, with content licensed to movie theaters, other content providers, or, increasingly, kept in-house for use on Disney's own streaming platform and television networks. The sports segment houses the ESPN family of TV networks and streaming services. Experiences contains Disney's theme parks, cruises, and vacation destinations and also engages in merchandise licensing.
86GF Score
Get the complete analysis for XKAZ:DIS_KZ
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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