ArterisAIP -0.29%59 Beneish M-Score is -3.06 as of Jun. 24, 2026. GuruFocus rates AIP with a GF Score™ of 59/100 and a GF Value™ of $9.89 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 987 Semiconductors companies, Arteris ranks better than 83.79% 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 -3.06 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Arteris's Beneish M-Score or its related term are showing as below:
AIP'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.61 Med: -3.33 Max: -2.27
Current: -3.06
During the past 7 years, the highest Beneish M-Score of Arteris was -2.27. The lowest was -4.61. And the median was -3.33.
Arteris Beneish M-Score Related Terms
Arteris Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Arteris'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.
AIP vs AMBQ, SKYT, AOSL: Beneish M-Score Comparison
For the Semiconductors subindustry, Arteris'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.
Arteris Beneish M-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Arteris's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Arteris'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 Arteris 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 * 1.1397
+
0.528 * 1.0155
+
0.404 * 1.4752
+
0.892 * 1.2557
+
0.115 * 0.9872
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0101
+
4.679 * -0.240463
-
0.327 * 1.0364
=
-3.06
* 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))
=
(3.373 / (3.373 + 7.761))
/
(3.878 / (3.878 + 8.759))
=
0.302946
/
0.306877
=
0.9872
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
=
(-34.584 - 2.24
-
-3.189)
/
139.876
=
-0.240463
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.
Arteris has a M-score of -3.06 suggests that the company is unlikely to be a manipulator.
Arteris (AIP) has a Beneish M-Score of -3.06 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Arteris and its competitors. According to the industry distribution chart, Arteris ranks #160 out of 987 companies in the Semiconductors industry, placing it in the top 16.2%.
Is Arteris' Beneish M-Score too high?
Arteris' current Beneish M-Score is -3.06. Based on the distribution chart, Arteris ranks #160 out of 987 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Arteris has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arteris' Beneish M-Score compare to AMBQ and SKYT?
According to the Semiconductors industry distribution chart, Arteris ranks #160 out of 987 companies for Beneish M-Score. This places Arteris in the top 16% 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 Semiconductors company?
A good Beneish M-Score depends on the Semiconductors 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 Arteris and its competitors. Arteris's current Beneish M-Score is -3.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arteris stock overvalued right now?
Based on GuruFocus' analysis, Arteris (AIP) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.89, compared to a current price of $41.03 — trading 314.9% above its estimated fair value. The current Beneish M-Score is -3.06. Arteris' overall GF Score™ is 59/100 with 7 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 Arteris (AIP), the current Beneish M-Score is -3.06 as of Jun. 24, 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 Arteris (AIP) Overvalued in 2026?
Based on GuruFocus' analysis, Arteris stock appears to be overvalued.
The current stock price of $41.03 is trading 314.9% above its estimated GF Value™ of $9.89.
GuruFocus considers Arteris to be Significantly Overvalued.
Key valuation signals for AIP:
Beneish M-Score: -3.06
GF Value™: $9.89 vs. price of $41.03 (314.9% above fair value)
No single metric tells the full story. See the AIP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arteris Inc is a provider of semiconductor system IP, including interconnect and other intellectual property, (collectively, System IP) technology. Its IP technology manages the on-chip communications and IP block deployments in System-on-Chip (SoC) semiconductors and systems of chiplets. Its proprietary System IP solutions achieve this by connecting client IP blocks such as processors, memories, artificial intelligence/machine learning (AI/ML) accelerators, graphics subsystems, safety and security, and other input/output subsystems (I/Os) via multiple Network-on-Chips (NoCs). The company operates in Americas, Asia Pacific and Europe, Middle East, out of which it derives maximum its revenue from Asia Pacific.
59GF Score
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