Monolithic Power Systems (BSP:M2PR34) Beneish M-Score: -2.43 (As of Jun. 24, 2026)


BSP:M2PR34 Monolithic Power Systems Inc BSP:M2PR34
69 GF Score
Price R$123.11
GF Value R$92.53
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Monolithic Power Systems Beneish M-Score?

Monolithic Power Systems BSP:M2PR34 -5.58% 69 Beneish M-Score is -2.43 as of Jun. 24, 2026. GuruFocus rates BSP:M2PR34 with a GF Score™ of 69/100 and a GF Value™ of R$92.53 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 987 Semiconductors companies, Monolithic Power Systems ranks better than 50.46% 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 -2.43 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BSP:M2PR34' s Beneish M-Score Range Over the Past 10 Years
Min: -3.29   Med: -2.53   Max: 0.27
Current: -2.43

During the past 13 years, the highest Beneish M-Score of Monolithic Power Systems was 0.27. The lowest was -3.29. And the median was -2.53.


Monolithic Power Systems Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Monolithic Power Systems'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.

Monolithic Power Systems Beneish M-Score Chart

Monolithic Power Systems Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.38 -0.99 -2.66 -0.10 -2.53

Monolithic Power Systems Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.14 0.12 0.27 -2.53 -2.43

BSP:M2PR34 vs NXPI, ALAB, CBRS: Beneish M-Score Comparison

For the Semiconductors subindustry, Monolithic Power Systems'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.


Monolithic Power Systems Beneish M-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Monolithic Power Systems's Beneish M-Score distribution charts can be found below:

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


BSP:M2PR34
69GF Score
Monolithic Power Systems Inc BSP:M2PR34
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Monolithic Power Systems 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 Monolithic Power Systems 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 * 1.0919+0.528 * 1.0037+0.404 * 0.8376+0.892 * 1.1696+0.115 * 0.8466
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9677+4.679 * -0.036744-0.327 * 1.1476
=-2.54

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was R$1,580 Mil.
Revenue was 4205.566 + 4098.076 + 3953.475 + 3685.594 = R$15,943 Mil.
Gross Profit was 2327.512 + 2260.116 + 2178.601 + 2029.852 = R$8,796 Mil.
Total Current Assets was R$12,191 Mil.
Total Assets was R$23,266 Mil.
Property, Plant and Equipment(Net PPE) was R$3,629 Mil.
Depreciation, Depletion and Amortization(DDA) was R$303 Mil.
Selling, General, & Admin. Expense(SGA) was R$2,376 Mil.
Total Current Liabilities was R$2,547 Mil.
Long-Term Debt & Capital Lease Obligation was R$104 Mil.
Net Income was 1010.495 + 958.523 + 956.083 + 741.618 = R$3,667 Mil.
Non Operating Income was -9.994 + 4.168 + 11.016 + 34.256 = R$39 Mil.
Cash Flow from Operations was 1308.723 + 572.357 + 1283.194 + 1317.887 = R$4,482 Mil.
Total Receivables was R$1,237 Mil.
Revenue was 3671.1 + 3792.778 + 3434.095 + 2733.074 = R$13,631 Mil.
Gross Profit was 2033.934 + 2101.233 + 1901.919 + 1511.221 = R$7,548 Mil.
Total Current Assets was R$10,298 Mil.
Total Assets was R$21,914 Mil.
Property, Plant and Equipment(Net PPE) was R$3,243 Mil.
Depreciation, Depletion and Amortization(DDA) was R$226 Mil.
Selling, General, & Admin. Expense(SGA) was R$2,099 Mil.
Total Current Liabilities was R$2,092 Mil.
Long-Term Debt & Capital Lease Obligation was R$83 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)
=(1580.061 / 15942.711) / (1237.22 / 13631.047)
=0.099109 / 0.090765
=1.0919

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)
=(7548.307 / 13631.047) / (8796.081 / 15942.711)
=0.553758 / 0.551731
=1.0037

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 - (12190.694 + 3628.631) / 23265.79) / (1 - (10297.705 + 3242.985) / 21913.947)
=0.320061 / 0.382097
=0.8376

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
=15942.711 / 13631.047
=1.1696

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))
=(226.312 / (226.312 + 3242.985)) / (302.943 / (302.943 + 3628.631))
=0.065233 / 0.077054
=0.8466

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)
=(2375.838 / 15942.711) / (2099.109 / 13631.047)
=0.149023 / 0.153995
=0.9677

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)
=((104.425 + 2546.596) / 23265.79) / ((83.337 + 2092.499) / 21913.947)
=0.113945 / 0.09929
=1.1476

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
=(3666.719 - 39.446 - 4482.161) / 23265.79
=-0.036744

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.

Monolithic Power Systems has a M-score of -2.54 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 -2.43 mean?
Monolithic Power Systems (BSP:M2PR34) has a Beneish M-Score of -2.43 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Monolithic Power Systems and its competitors. According to the industry distribution chart, Monolithic Power Systems ranks #489 out of 987 companies in the Semiconductors industry, placing it in the top 49.5%.
Is Monolithic Power Systems' Beneish M-Score too high?
Monolithic Power Systems' current Beneish M-Score is -2.43. Based on the distribution chart, Monolithic Power Systems ranks #489 out of 987 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Monolithic Power Systems has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Monolithic Power Systems' Beneish M-Score compare to NXPI and ALAB?
According to the Semiconductors industry distribution chart, Monolithic Power Systems ranks #489 out of 987 companies for Beneish M-Score. This puts Monolithic Power Systems 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 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 Monolithic Power Systems and its competitors. Monolithic Power Systems's current Beneish M-Score is -2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Monolithic Power Systems stock overvalued right now?
Based on GuruFocus' analysis, Monolithic Power Systems (BSP:M2PR34) is currently considered Significantly Overvalued. The stock's GF Value™ is R$92.53, compared to a current price of R$123.11 — trading 33% above its estimated fair value. The current Beneish M-Score is -2.43. Monolithic Power Systems' overall GF Score™ is 69/100 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 Monolithic Power Systems (BSP:M2PR34), the current Beneish M-Score is -2.43 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 Monolithic Power Systems (BSP:M2PR34) Overvalued in 2026?

Based on GuruFocus' analysis, Monolithic Power Systems stock appears to be overvalued. The current stock price of R$123.11 is trading 33% above its estimated GF Value™ of R$92.53. GuruFocus considers Monolithic Power Systems to be Significantly Overvalued.

Key valuation signals for BSP:M2PR34:

  • Beneish M-Score: -2.43
  • GF Value™: R$92.53 vs. price of R$123.11 (33% above fair value)
  • GF Score™: 69/100 with 3 warning signs

No single metric tells the full story. See the BSP:M2PR34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Monolithic Power Systems Business Description

Address 1555 Palm Beach Lakes Boulevard, West Palm Beach, FL, USA, 33401
Monolithic Power Systems is an analog and mixed-signal chipmaker specializing in power management solutions. Its mission is to reduce total energy consumption in end systems. It serves the computing, automotive, industrial, communications, and consumer end markets. MPS uses a fabless manufacturing model, partnering with third-party chip foundries to host its proprietary BCD process technology.
69GF Score

Get the complete analysis for BSP:M2PR34

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

R$123.11
Price
R$92.53
GF Value