Arxis (ARXS) Beneish M-Score: -2.21 (As of Jul. 17, 2026)

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ARXS Arxis Inc ARXS
15 GF Score
Price $40.21
! 2 Warning Signs
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What is Arxis Beneish M-Score?

Arxis ARXS -3.23% 15 Beneish M-Score is -2.21 as of Jul. 17, 2026. GuruFocus rates ARXS with a GF Score™ of 15/100. The stock has 2 warning signs investors should review. Among 326 Aerospace & Defense companies, Arxis ranks worse than 61.96% 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 -2.21 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ARXS' s Beneish M-Score Range Over the Past 10 Years
Min: -2.21   Med: -2.21   Max: -2.21
Current: -2.21

During the past 3 years, the highest Beneish M-Score of Arxis was -2.21. The lowest was -2.21. And the median was -2.21.

Arxis Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Arxis'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.

Arxis Beneish M-Score Chart

Arxis Annual Data
Trend Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.21

Arxis Semi-Annual Data
Dec23 Dec24 Dec25
Beneish M-Score 0.00 0.00 -2.21

ARXS vs BWXT, TXT, MOG.A: Beneish M-Score Comparison

For the Aerospace & Defense subindustry, Arxis'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.

Arxis Beneish M-Score vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Arxis's Beneish M-Score distribution charts can be found below:

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


ARXS
15GF Score
Arxis Inc ARXS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arxis 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 Arxis 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 * 0.5138+0.528 * 0.9413+0.404 * 0.929+0.892 * 2.1549+0.115 * 0.5759
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.5143+4.679 * -0.044471-0.327 * 0.7038
=-2.21

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was $285 Mil.
Revenue was $1,601 Mil.
Gross Profit was $758 Mil.
Total Current Assets was $1,215 Mil.
Total Assets was $6,903 Mil.
Property, Plant and Equipment(Net PPE) was $463 Mil.
Depreciation, Depletion and Amortization(DDA) was $200 Mil.
Selling, General, & Admin. Expense(SGA) was $510 Mil.
Total Current Liabilities was $240 Mil.
Long-Term Debt & Capital Lease Obligation was $1,930 Mil.
Net Income was $-50 Mil.
Gross Profit was $6 Mil.
Cash Flow from Operations was $251 Mil.
 Total Receivables was $257 Mil.
Revenue was $743 Mil.
Gross Profit was $331 Mil.
Total Current Assets was $712 Mil.
Total Assets was $6,318 Mil.
Property, Plant and Equipment(Net PPE) was $457 Mil.
Depreciation, Depletion and Amortization(DDA) was $96 Mil.
Selling, General, & Admin. Expense(SGA) was $156 Mil.
Total Current Liabilities was $263 Mil.
Long-Term Debt & Capital Lease Obligation was $2,558 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)
=(284.716 / 1601.074) / (257.162 / 742.992)
=0.177828 / 0.346117
=0.5138

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)
=(331.139 / 742.992) / (758.059 / 1601.074)
=0.445683 / 0.473469
=0.9413

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 - (1214.534 + 462.58) / 6903.287) / (1 - (712.06 + 457.475) / 6317.59)
=0.757056 / 0.814876
=0.929

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
=1601.074 / 742.992
=2.1549

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))
=(96.303 / (96.303 + 457.475)) / (200.111 / (200.111 + 462.58))
=0.173902 / 0.301967
=0.5759

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)
=(509.525 / 1601.074) / (156.143 / 742.992)
=0.31824 / 0.210154
=1.5143

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)
=((1929.684 + 240.093) / 6903.287) / ((2558.346 + 263.021) / 6317.59)
=0.314311 / 0.446589
=0.7038

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
=(-49.833 - 5.967 - 251.196) / 6903.287
=-0.044471

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.

Arxis has a M-score of -2.21 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 -2.21 mean?
Arxis (ARXS) has a Beneish M-Score of -2.21 as of Jul. 17, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Arxis and its competitors. According to the industry distribution chart, Arxis ranks #202 out of 326 companies in the Aerospace & Defense industry, placing it in the top 62%.
Is Arxis' Beneish M-Score too high?
Arxis' current Beneish M-Score is -2.21. Based on the distribution chart, Arxis ranks #202 out of 326 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Arxis has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Arxis' Beneish M-Score compare to BWXT and TXT?
According to the Aerospace & Defense industry distribution chart, Arxis ranks #202 out of 326 companies for Beneish M-Score. This places Arxis in the lower 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 an Aerospace & Defense company?
A good Beneish M-Score depends on the Aerospace & Defense 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 Arxis and its competitors. Arxis's current Beneish M-Score is -2.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arxis stock overvalued right now?
Arxis (ARXS) has a current Beneish M-Score of -2.21. The current Beneish M-Score is -2.21. Arxis' overall GF Score™ is 15/100 with 2 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 Arxis (ARXS), the current Beneish M-Score is -2.21 as of Jul. 17, 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.

Arxis Business Description

Address 1332 Blue Hills Avenue, Bloomfield, CT, USA, 06002
Arxis Inc designs and manufactures proprietary electronic and mechanical components used in applications that require performance in extreme environments. The company operates in two reportable segments: i) Electronic Components: It provides specialized, engineered electronic components and interconnect solutions, including connectors, cable assemblies, microelectronic packaging, RF and microwave products, power products, sensors, capacitors and resistors. and ii) Mechanical Components: It provides precision and self-lubricating bearings, seals, springs, gaskets and ducting, and radar absorbing materials. The majority of the company's revenue is derived from the Mechanical Components segment. Geographically, it generates the maximum revenue from the United States.
15GF Score

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

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