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MelonXSGO:MELON 39 Beneish M-Score is -2.81 as of Aug. 12, 2026. GuruFocus rates XSGO:MELON with a GF Score™ of 39/100 and a GF Value™ of CLP0.39 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 385 Building Materials companies, Melon ranks better than 71.43% 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 -2.81 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Melon's Beneish M-Score or its related term are showing as below:
XSGO:MELON'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.16 Med: -2.77 Max: -2.42
Current: -2.81
During the past 13 years, the highest Beneish M-Score of Melon was -2.42. The lowest was -3.16. And the median was -2.77.
The historical data trend for Melon'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:MELON vs CRH, VMC, MLM: Beneish M-Score Comparison
For the Building Materials subindustry, Melon'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.
Melon Beneish M-Score vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Melon's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Melon'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 Melon 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 * 0.991
+
0.528 * 0.8926
+
0.404 * 1.0626
+
0.892 * 1.0255
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9666
+
4.679 * -0.067931
-
0.327 * 0.9925
=
-2.81
* 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))
=
(0 / (0 + 187288.081))
/
(0 / (0 + 180985.446))
=
0
/
0
=
1
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
=
(12256.652 - 0
-
37735.973)
/
375074.586
=
-0.067931
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.
Melon has a M-score of -2.81 suggests that the company is unlikely to be a manipulator.
Melon (XSGO:MELON) has a Beneish M-Score of -2.81 as of Aug. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Melon and its competitors. According to the industry distribution chart, Melon ranks #110 out of 385 companies in the Building Materials industry, placing it in the top 28.6%.
Is Melon's Beneish M-Score too high?
Melon's current Beneish M-Score is -2.81. Based on the distribution chart, Melon ranks #110 out of 385 companies in the Building Materials industry, which is above the industry midpoint. Overall, Melon has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Melon's Beneish M-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Melon ranks #110 out of 385 companies for Beneish M-Score. This puts Melon 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 Melon and its competitors. Melon's current Beneish M-Score is -2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melon stock overvalued right now?
Based on GuruFocus' analysis, Melon (XSGO:MELON) is currently considered Significantly Overvalued. The stock's GF Value™ is CLP0.39, compared to a current price of CLP0.68 — trading 74.4% above its estimated fair value. The current Beneish M-Score is -2.81. Melon's overall GF Score™ is 39/100 with 6 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 Melon (XSGO:MELON), the current Beneish M-Score is -2.81 as of Aug. 12, 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 Melon (XSGO:MELON) Overvalued in 2026?
Based on GuruFocus' analysis, Melon stock appears to be overvalued.
The current stock price of CLP0.68 is trading 74.4% above its estimated GF Value™ of CLP0.39.
GuruFocus considers Melon to be Significantly Overvalued.
Key valuation signals for XSGO:MELON:
Beneish M-Score: -2.81
GF Value™: CLP0.39 vs. price of CLP0.68 (74.4% above fair value)
No single metric tells the full story. See the XSGO:MELON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Melon SA is a Chile-based building materials firm. It is engaged in manufacturing, marketing, and supplying cement, ready-mixed concrete, and aggregates to companies distributing construction materials, construction companies linked to the real estate, infrastructure, civil works and mining sectors, and concrete companies. Along with its subsidiaries, the company operates in the following segments; Cements and Aggregates. A majority of its revenue is generated from the Cements segment which includes the production, marketing, and distribution of different types of Portland and pozzolanic cement and ready-mixed concrete. The Aggregates segment represents the extraction, production, and distribution of aggregates and their products such as sand, gravel, and other products.
39GF Score
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