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AudioCodesAUDC -3.77%71 Beneish M-Score is -2.80 as of Jul. 22, 2026. GuruFocus rates AUDC with a GF Score™ of 71/100 and a GF Value™ of $13.17 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,405 Hardware companies, AudioCodes ranks better than 73.72% 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 -2.8 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for AudioCodes's Beneish M-Score or its related term are showing as below:
AUDC'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.23 Med: -2.46 Max: -2.02
Current: -2.8
During the past 13 years, the highest Beneish M-Score of AudioCodes was -2.02. The lowest was -3.23. And the median was -2.46.
AudioCodes Beneish M-Score Related Terms
AudioCodes Beneish M-Score Historical Data
* Premium members only.
The historical data trend for AudioCodes'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.
AUDC vs CSCO, CIEN, MSI: Beneish M-Score Comparison
For the Communication Equipment subindustry, AudioCodes'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.
AudioCodes Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, AudioCodes's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where AudioCodes'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 AudioCodes 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 * 1.1174
+
0.528 * 1.0013
+
0.404 * 0.8232
+
0.892 * 1.0202
+
0.115 * 0.9635
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0281
+
4.679 * -0.071427
-
0.327 * 1.1127
=
-2.80
* 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))
=
(4.314 / (4.314 + 60.257))
/
(4.362 / (4.362 + 58.544))
=
0.06681
/
0.069342
=
0.9635
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
=
(6.892 - 0
-
28.725)
/
305.667
=
-0.071427
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.
AudioCodes has a M-score of -2.80 suggests that the company is unlikely to be a manipulator.
AudioCodes (AUDC) has a Beneish M-Score of -2.80 as of Jul. 22, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on AudioCodes and its competitors. According to the industry distribution chart, AudioCodes ranks #632 out of 2405 companies in the Hardware industry, placing it in the top 26.3%.
Is AudioCodes' Beneish M-Score too high?
AudioCodes' current Beneish M-Score is -2.80. Based on the distribution chart, AudioCodes ranks #632 out of 2405 companies in the Hardware industry, which is above the industry midpoint. Overall, AudioCodes has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AudioCodes' Beneish M-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, AudioCodes ranks #632 out of 2405 companies for Beneish M-Score. This puts AudioCodes 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 AudioCodes and its competitors. AudioCodes's current Beneish M-Score is -2.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AudioCodes stock overvalued right now?
Based on GuruFocus' analysis, AudioCodes (AUDC) is currently considered Modestly Undervalued. The stock's GF Value™ is $13.17, compared to a current price of $9.50 — trading 27.9% below its estimated fair value. The current Beneish M-Score is -2.80. AudioCodes' overall GF Score™ is 71/100 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 AudioCodes (AUDC), the current Beneish M-Score is -2.80 as of Jul. 22, 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 AudioCodes (AUDC) Overvalued in 2026?
Based on GuruFocus' analysis, AudioCodes stock appears to be undervalued.
The current stock price of $9.50 is trading 27.9% below its estimated GF Value™ of $13.17.
GuruFocus considers AudioCodes to be Modestly Undervalued.
Key valuation signals for AUDC:
Beneish M-Score: -2.80
GF Value™: $13.17 vs. price of $9.50 (27.9% below fair value)
No single metric tells the full story. See the AUDC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AudioCodes Ltd provides voice communications solutions for enterprises, contact centers, and service providers, including voice infrastructure, cloud-based platforms, and Voice AI applications. Its AudioCodes Live Platform is a cloud-based service delivery platform that enables provisioning, management, and operation of voice and AI-based communication services, including PSTN connectivity and integration with platforms such as Microsoft Teams, Webex Calling, and Zoom Phone. The company's solutions are organized into three layers: voice infrastructure and devices, cloud-based platforms, and Voice AI applications for contact center and productivity use cases. It also offers management tools such as One Voice Operations Center (OVOC), Device Manager, and AudioCodes Routing Manager (ARM).
71GF Score
Get the complete analysis for AUDC
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