ALH (Alliance Laundry Holdings) Beneish M-Score: -2.79 (As of Sep. 12, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

ALH Alliance Laundry Holdings Inc ALH
17 GF Score
Price $21.61
! 3 Warning Signs
View Full Analysis

What is Alliance Laundry Holdings Beneish M-Score?

Alliance Laundry Holdings ALH +2.22% 17 Beneish M-Score is -2.79 as of Sep. 12, 2026. GuruFocus rates ALH with a GF Score™ of 17/100. The stock has 3 warning signs investors should review. Among 418 Furnishings, Fixtures & Appliances companies, Alliance Laundry Holdings ranks better than 71.77% 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 -2.79 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Alliance Laundry Holdings's Beneish M-Score or its related term are showing as below:

ALH' s Beneish M-Score Range Over the Past 10 Years
Min: -2.79   Med: -2.79   Max: -2.79
Current: -2.79

During the past 4 years, the highest Beneish M-Score of Alliance Laundry Holdings was -2.79. The lowest was -2.79. And the median was -2.79.


Alliance Laundry Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Alliance Laundry Holdings'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.

Alliance Laundry Holdings Beneish M-Score Chart

Alliance Laundry Holdings Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 0.00

Alliance Laundry Holdings Quarterly Data
Dec23 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 -2.79

ALH vs HNI, WHR, TILE: Beneish M-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Alliance Laundry Holdings'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.


Alliance Laundry Holdings Beneish M-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Alliance Laundry Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Alliance Laundry Holdings's Beneish M-Score falls into.


ALH
17GF Score
Alliance Laundry Holdings Inc ALH
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alliance Laundry Holdings Beneish M-Score Calculation

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 Alliance Laundry Holdings 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 * 0.6991+0.528 * 0.9854+0.404 * 1.0174+0.892 * 1.099+0.115 * 1.0286
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0307+4.679 * -0.042957-0.327 * 0.7599
=-2.79

* 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.

This Year (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was $285 Mil.
Revenue was 476.755 + 426.887 + 434.874 + 437.606 = $1,776 Mil.
Gross Profit was 189.896 + 157.189 + 160.941 + 161.953 = $670 Mil.
Total Current Assets was $747 Mil.
Total Assets was $2,947 Mil.
Property, Plant and Equipment(Net PPE) was $277 Mil.
Depreciation, Depletion and Amortization(DDA) was $92 Mil.
Selling, General, & Admin. Expense(SGA) was $331 Mil.
Total Current Liabilities was $522 Mil.
Long-Term Debt & Capital Lease Obligation was $1,702 Mil.
Net Income was 68.669 + 56.916 + 20.596 + 32.896 = $179 Mil.
Non Operating Income was -0.007 + 6.47 + -2.317 + -5.606 = $-1 Mil.
Cash Flow from Operations was 66.27 + 79.869 + 94.895 + 66.093 = $307 Mil.
Total Receivables was $371 Mil.
Revenue was 447.184 + 389.573 + 395.136 + 384.295 = $1,616 Mil.
Gross Profit was 174.189 + 145.021 + 138.561 + 142.961 = $601 Mil.
Total Current Assets was $800 Mil.
Total Assets was $2,965 Mil.
Property, Plant and Equipment(Net PPE) was $263 Mil.
Depreciation, Depletion and Amortization(DDA) was $91 Mil.
Selling, General, & Admin. Expense(SGA) was $293 Mil.
Total Current Liabilities was $509 Mil.
Long-Term Debt & Capital Lease Obligation was $2,435 Mil.




1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(285.022 / 1776.122) / (370.973 / 1616.188)
=0.160474 / 0.229536
=0.6991

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(600.732 / 1616.188) / (669.979 / 1776.122)
=0.371697 / 0.377215
=0.9854

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (747.208 + 277.185) / 2946.898) / (1 - (800.375 + 263.305) / 2964.882)
=0.652383 / 0.64124
=1.0174

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

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.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=1776.122 / 1616.188
=1.099

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

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))
=(91.218 / (91.218 + 263.305)) / (92.466 / (92.466 + 277.185))
=0.257298 / 0.250144
=1.0286

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

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(331.492 / 1776.122) / (292.647 / 1616.188)
=0.186638 / 0.181072
=1.0307

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((1702.133 + 522.022) / 2946.898) / ((2435.45 + 509.202) / 2964.882)
=0.754744 / 0.993177
=0.7599

8. TATA = Total Accruals to Total Assets

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
=(179.077 - -1.46 - 307.127) / 2946.898
=-0.042957

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.

Alliance Laundry Holdings has a M-score of -2.79 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.79 mean?
Alliance Laundry Holdings (ALH) has a Beneish M-Score of -2.79 as of Sep. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Alliance Laundry Holdings and its competitors. According to the industry distribution chart, Alliance Laundry Holdings ranks #118 out of 418 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 28.2%.
Is Alliance Laundry Holdings' Beneish M-Score too high?
Alliance Laundry Holdings' current Beneish M-Score is -2.79. Based on the distribution chart, Alliance Laundry Holdings ranks #118 out of 418 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Alliance Laundry Holdings has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Alliance Laundry Holdings' Beneish M-Score compare to HNI and WHR?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Alliance Laundry Holdings ranks #118 out of 418 companies for Beneish M-Score. This puts Alliance Laundry Holdings 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 Furnishings, Fixtures & Appliances company?
A good Beneish M-Score depends on the Furnishings, Fixtures & Appliances 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 Alliance Laundry Holdings and its competitors. Alliance Laundry Holdings's current Beneish M-Score is -2.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alliance Laundry Holdings stock overvalued right now?
Alliance Laundry Holdings (ALH) has a current Beneish M-Score of -2.79. The current Beneish M-Score is -2.79. Alliance Laundry Holdings' overall GF Score™ is 17/100 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 Alliance Laundry Holdings (ALH), the current Beneish M-Score is -2.79 as of Sep. 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.

Alliance Laundry Holdings Business Description

Address 221 Shepard Street, PO Box 990, Ripon, WI, USA, 54971
Alliance Laundry Holdings Inc is a designer and manufacturer of commercial laundry systems, serving diverse international markets. The company offers premium, durable laundry equipment under brands like Speed Queen, UniMac, Huebsch, Primus, IPSO, and others. It serves commercial laundry needs across healthcare, hotels, laundromats, and residential markets. Revenue is generated through the sale of commercial-grade laundry systems and service parts across two geographic segments, North America and International, and into the three end markets of OPL, Vended, and Commercial In-Home.
17GF Score

Get the complete analysis for ALH

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$21.61
Price