Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Unilever NepalXNEP:UNL 99 Beneish M-Score is -3.38 as of Jul. 19, 2026. GuruFocus rates XNEP:UNL with a GF Score™ of 99/100 and a GF Value™ of NPR41,178.55 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,851 Consumer Packaged Goods companies, Unilever Nepal ranks better than 92.54% 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 -3.38 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Unilever Nepal's Beneish M-Score or its related term are showing as below:
XNEP:UNL'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.67 Med: -2.62 Max: 0.17
Current: -3.38
During the past 10 years, the highest Beneish M-Score of Unilever Nepal was 0.17. The lowest was -3.67. And the median was -2.62.
Unilever Nepal Beneish M-Score Related Terms
Unilever Nepal Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Unilever Nepal'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.
XNEP:UNL vs PG, CL, KVUE: Beneish M-Score Comparison
For the Household & Personal Products subindustry, Unilever Nepal'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.
Unilever Nepal Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Unilever Nepal's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Unilever Nepal'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 Unilever Nepal 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 * 1.2976
+
0.528 * 0.9946
+
0.404 * -1.5925
+
0.892 * 1.0007
+
0.115 * 1.2302
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9729
+
4.679 * -0.028604
-
0.327 * 1.0721
=
-3.38
* 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))
=
(341.218 / (341.218 + 1777.376))
/
(308.173 / (308.173 + 2045.722))
=
0.161059
/
0.13092
=
1.2302
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
=
(1972.58 - 0
-
2198.423)
/
7895.543
=
-0.028604
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.
Unilever Nepal has a M-score of -3.38 suggests that the company is unlikely to be a manipulator.
Unilever Nepal (XNEP:UNL) has a Beneish M-Score of -3.38 as of Jul. 19, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Unilever Nepal and its competitors. According to the industry distribution chart, Unilever Nepal ranks #138 out of 1851 companies in the Consumer Packaged Goods industry, placing it in the top 7.5%.
Is Unilever Nepal's Beneish M-Score too high?
Unilever Nepal's current Beneish M-Score is -3.38. Based on the distribution chart, Unilever Nepal ranks #138 out of 1851 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Unilever Nepal has a GF Score™ of 99/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Unilever Nepal's Beneish M-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Unilever Nepal ranks #138 out of 1851 companies for Beneish M-Score. This places Unilever Nepal in the top 8% of its industry — outperforming the majority of peers. 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 Unilever Nepal and its competitors. Unilever Nepal's current Beneish M-Score is -3.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unilever Nepal stock overvalued right now?
Based on GuruFocus' analysis, Unilever Nepal (XNEP:UNL) is currently considered Modestly Overvalued. The stock's GF Value™ is NPR41,178.55, compared to a current price of NPR47,200.00 — trading 14.6% above its estimated fair value. The current Beneish M-Score is -3.38. Unilever Nepal's overall GF Score™ is 99/100 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 Unilever Nepal (XNEP:UNL), the current Beneish M-Score is -3.38 as of Jul. 19, 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 Unilever Nepal (XNEP:UNL) Overvalued in 2026?
Based on GuruFocus' analysis, Unilever Nepal stock appears to be overvalued.
The current stock price of NPR47,200.00 is trading 14.6% above its estimated GF Value™ of NPR41,178.55.
GuruFocus considers Unilever Nepal to be Modestly Overvalued.
Key valuation signals for XNEP:UNL:
Beneish M-Score: -3.38
GF Value™: NPR41,178.55 vs. price of NPR47,200.00 (14.6% above fair value)
No single metric tells the full story. See the XNEP:UNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Unilever Nepal Ltd is engaged in manufacturing and selling personal products for the domestic market and exports to India. The company operates in a single segment namely Fast-moving consumer goods (FMCG) which mainly consist of products like detergents, scourers, laundry soaps, toilet soaps, Personal and Beauty Care Products and Food Products.
99GF Score
Get the complete analysis for XNEP:UNL
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XNEP:UNL has been successfully added to your 
