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 -2.66 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Cementos Bio-Bio's Beneish M-Score or its related term are showing as below:
XSGO:CEMENTOS'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.11 Med: -2.66 Max: -2.19
Current: -2.66
During the past 13 years, the highest Beneish M-Score of Cementos Bio-Bio was -2.19. The lowest was -3.11. And the median was -2.66.
Cementos Bio-Bio Beneish M-Score Related Terms
Cementos Bio-Bio Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Cementos Bio-Bio'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.
XSGO:CEMENTOS vs CRH, VMC, MLM: Beneish M-Score Comparison
For the Building Materials subindustry, Cementos Bio-Bio'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.
Cementos Bio-Bio Beneish M-Score vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Cementos Bio-Bio's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Cementos Bio-Bio'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 Cementos Bio-Bio 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 * 1.0445
+
0.528 * 0.9884
+
0.404 * 0.8371
+
0.892 * 1.0305
+
0.115 * 1.2895
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9559
+
4.679 * -0.05099
-
0.327 * 0.9281
=
-2.66
* 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))
=
(3730.115 / (3730.115 + 322407.152))
/
(2799.457 / (2799.457 + 312836.181))
=
0.011437
/
0.008869
=
1.2895
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
=
(33087.78 - 0
-
60017.214)
/
528134.343
=
-0.05099
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.
Cementos Bio-Bio has a M-score of -2.66 suggests that the company is unlikely to be a manipulator.
Cementos Bio-Bio (XSGO:CEMENTOS) has a Beneish M-Score of -2.66 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Cementos Bio-Bio and its competitors. According to the industry distribution chart, Cementos Bio-Bio ranks #162 out of 389 companies in the Building Materials industry, placing it in the top 41.6%.
Is Cementos Bio-Bio's Beneish M-Score too high?
Cementos Bio-Bio's current Beneish M-Score is -2.66. Based on the distribution chart, Cementos Bio-Bio ranks #162 out of 389 companies in the Building Materials industry, which is above the industry midpoint. Overall, Cementos Bio-Bio has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cementos Bio-Bio's Beneish M-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Cementos Bio-Bio ranks #162 out of 389 companies for Beneish M-Score. This puts Cementos Bio-Bio 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 Building Materials company?
A good Beneish M-Score depends on the Building Materials 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 Cementos Bio-Bio and its competitors. Cementos Bio-Bio's current Beneish M-Score is -2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cementos Bio-Bio stock overvalued right now?
Based on GuruFocus' analysis, Cementos Bio-Bio (XSGO:CEMENTOS) is currently considered Significantly Overvalued. The stock's GF Value™ is CLP740.12, compared to a current price of CLP1,730.00 — trading 133.7% above its estimated fair value. The current Beneish M-Score is -2.66. Cementos Bio-Bio's overall GF Score™ is 33/100 with 8 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 Cementos Bio-Bio (XSGO:CEMENTOS), the current Beneish M-Score is -2.66 as of Jun. 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.
Is Cementos Bio-Bio (XSGO:CEMENTOS) Overvalued in 2026?
Based on GuruFocus' analysis, Cementos Bio-Bio stock appears to be overvalued.
The current stock price of CLP1,730.00 is trading 133.7% above its estimated GF Value™ of CLP740.12.
GuruFocus considers Cementos Bio-Bio to be Significantly Overvalued.
Key valuation signals for XSGO:CEMENTOS:
Beneish M-Score: -2.66
GF Value™: CLP740.12 vs. price of CLP1,730.00 (133.7% above fair value)
No single metric tells the full story. See the XSGO:CEMENTOS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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