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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 -2.76 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for General Dynamics's Beneish M-Score or its related term are showing as below:
BSP:GDBR34'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.79 Med: -2.46 Max: -1.03
Current: -2.76
During the past 13 years, the highest Beneish M-Score of General Dynamics was -1.03. The lowest was -2.79. And the median was -2.46.
General Dynamics Beneish M-Score Related Terms
General Dynamics Beneish M-Score Historical Data
* Premium members only.
The historical data trend for General Dynamics'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.
BSP:GDBR34 vs HWM, TDG, NOC: Beneish M-Score Comparison
For the Aerospace & Defense subindustry, General Dynamics'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.
General Dynamics Beneish M-Score vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, General Dynamics's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where General Dynamics'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 General Dynamics 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 * 0.7985
+
0.528 * 1.0136
+
0.404 * 0.9765
+
0.892 * 1.0342
+
0.115 * 1.0642
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9607
+
4.679 * -0.054581
-
0.327 * 0.9236
=
-2.85
* 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))
=
(5124.32 / (5124.32 + 37203.084))
/
(5036.854 / (5036.854 + 39237.689))
=
0.121064
/
0.113764
=
1.0642
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
=
(23422.023 - 312.322
-
39958.891)
/
308698.058
=
-0.054581
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.
General Dynamics has a M-score of -2.85 suggests that the company is unlikely to be a manipulator.
General Dynamics (BSP:GDBR34) has a Beneish M-Score of -2.76 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on General Dynamics and its competitors. According to the industry distribution chart, General Dynamics ranks #80 out of 326 companies in the Aerospace & Defense industry, placing it in the top 24.5%.
Is General Dynamics' Beneish M-Score too high?
General Dynamics' current Beneish M-Score is -2.76. Based on the distribution chart, General Dynamics ranks #80 out of 326 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, General Dynamics has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does General Dynamics' Beneish M-Score compare to HWM and TDG?
According to the Aerospace & Defense industry distribution chart, General Dynamics ranks #80 out of 326 companies for Beneish M-Score. This places General Dynamics in the top 25% 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 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 General Dynamics and its competitors. General Dynamics's current Beneish M-Score is -2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General Dynamics stock overvalued right now?
Based on GuruFocus' analysis, General Dynamics (BSP:GDBR34) is currently considered Fairly Valued. The stock's GF Value™ is R$1,774.08, compared to a current price of R$1,908.00 — trading 7.5% above its estimated fair value. The current Beneish M-Score is -2.76. General Dynamics' overall GF Score™ is 89/100 with 8 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 General Dynamics (BSP:GDBR34), the current Beneish M-Score is -2.76 as of Jul. 14, 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 General Dynamics (BSP:GDBR34) Overvalued in 2026?
Based on GuruFocus' analysis, General Dynamics stock appears to be overvalued.
The current stock price of R$1,908.00 is trading 7.5% above its estimated GF Value™ of R$1,774.08.
GuruFocus considers General Dynamics to be Fairly Valued.
Key valuation signals for BSP:GDBR34:
Beneish M-Score: -2.76
GF Value™: R$1,774.08 vs. price of R$1,908.00 (7.5% above fair value)
No single metric tells the full story. See the BSP:GDBR34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
General Dynamics is a defense contractor and business jet manufacturer. The firm's segments are aerospace, marine, combat systems, and technologies. General Dynamics' aerospace segment manufactures Gulfstream business jets and operates a global aircraft servicing operation. Combat systems produces land-based combat vehicles such as the M1 Abrams tank and Stryker armored personnel carrier, as well as munitions. The marine segment builds and services nuclear-powered submarines, destroyers, and Navy support ships. The technologies segment contains two main units: an IT business that primarily serves the government market and a mission systems business focusing on electronics that provide command, control, computing, intelligence, surveillance, and reconnaissance capabilities to the military.
89GF Score
Get the complete analysis for BSP:GDBR34
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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