Synaptics (BSP:S2YN34) Beneish M-Score: -2.61 (As of Jul. 26, 2026)

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BSP:S2YN34 Synaptics Inc BSP:S2YN34
42 GF Score
Price R$19.64
GF Value R$15.33
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Synaptics Beneish M-Score?

Synaptics BSP:S2YN34 42 Beneish M-Score is -2.61 as of Jul. 26, 2026. GuruFocus rates BSP:S2YN34 with a GF Score™ of 42/100 and a GF Value™ of R$15.33 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 987 Semiconductors companies, Synaptics ranks better than 62.61% 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 -2.61 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BSP:S2YN34' s Beneish M-Score Range Over the Past 10 Years
Min: -3.77   Med: -2.92   Max: -1.94
Current: -2.61

During the past 13 years, the highest Beneish M-Score of Synaptics was -1.94. The lowest was -3.77. And the median was -2.92.


Synaptics Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Synaptics'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.

Synaptics Beneish M-Score Chart

Synaptics Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.87 -2.44 -3.49 -2.35 -2.72

Synaptics 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 -2.25 -2.72 -2.80 -2.89 -2.61

BSP:S2YN34 vs DIOD, POWI, NVTS: Beneish M-Score Comparison

For the Semiconductors subindustry, Synaptics'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.


Synaptics Beneish M-Score vs Semiconductors Industry

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

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


BSP:S2YN34
42GF Score
Synaptics Inc BSP:S2YN34
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Synaptics 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 Synaptics 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 * 1.0472+0.528 * 1.0425+0.404 * 0.965+0.892 * 1.0677+0.115 * 0.9197
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9707+4.679 * -0.075291-0.327 * 0.9833
=-2.72

* 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$850 Mil.
Revenue was 1538.548 + 1650.349 + 1568.677 + 1568.352 = R$6,326 Mil.
Gross Profit was 697.106 + 718.516 + 668.23 + 673.815 = R$2,758 Mil.
Total Current Assets was R$3,950 Mil.
Total Assets was R$13,191 Mil.
Property, Plant and Equipment(Net PPE) was R$637 Mil.
Depreciation, Depletion and Amortization(DDA) was R$861 Mil.
Selling, General, & Admin. Expense(SGA) was R$1,024 Mil.
Total Current Liabilities was R$1,298 Mil.
Long-Term Debt & Capital Lease Obligation was R$4,376 Mil.
Net Income was -41.837 + -80.744 + -110.478 + -26.065 = R$-259 Mil.
Non Operating Income was 0 + -0.546 + -13.407 + -7.764 = R$-22 Mil.
Cash Flow from Operations was 114.005 + 162.58 + 161.963 + 317.22 = R$756 Mil.
Total Receivables was R$760 Mil.
Revenue was 1535.109 + 1630.187 + 1427.091 + 1332.521 = R$5,925 Mil.
Gross Profit was 666.788 + 745.542 + 669.52 + 610.784 = R$2,693 Mil.
Total Current Assets was R$4,103 Mil.
Total Assets was R$14,708 Mil.
Property, Plant and Equipment(Net PPE) was R$664 Mil.
Depreciation, Depletion and Amortization(DDA) was R$745 Mil.
Selling, General, & Admin. Expense(SGA) was R$988 Mil.
Total Current Liabilities was R$1,425 Mil.
Long-Term Debt & Capital Lease Obligation was R$5,008 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)
=(849.81 / 6325.926) / (760.069 / 5924.908)
=0.134338 / 0.128284
=1.0472

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)
=(2692.634 / 5924.908) / (2757.667 / 6325.926)
=0.45446 / 0.435931
=1.0425

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 - (3950.44 + 637.488) / 13191.143) / (1 - (4103.222 + 664.485) / 14707.915)
=0.652196 / 0.675841
=0.965

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
=6325.926 / 5924.908
=1.0677

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))
=(744.797 / (744.797 + 664.485)) / (861.172 / (861.172 + 637.488))
=0.528494 / 0.574628
=0.9197

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)
=(1023.602 / 6325.926) / (987.677 / 5924.908)
=0.161811 / 0.166699
=0.9707

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)
=((4375.606 + 1297.987) / 13191.143) / ((5008.395 + 1425.13) / 14707.915)
=0.430106 / 0.437419
=0.9833

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
=(-259.124 - -21.717 - 755.768) / 13191.143
=-0.075291

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.

Synaptics has a M-score of -2.72 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 -2.61 mean?
Synaptics (BSP:S2YN34) has a Beneish M-Score of -2.61 as of Jul. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Synaptics and its competitors. According to the industry distribution chart, Synaptics ranks #369 out of 987 companies in the Semiconductors industry, placing it in the top 37.4%.
Is Synaptics' Beneish M-Score too high?
Synaptics' current Beneish M-Score is -2.61. Based on the distribution chart, Synaptics ranks #369 out of 987 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Synaptics has a GF Score™ of 42/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Synaptics' Beneish M-Score compare to DIOD and POWI?
According to the Semiconductors industry distribution chart, Synaptics ranks #369 out of 987 companies for Beneish M-Score. This puts Synaptics 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 Synaptics and its competitors. Synaptics's current Beneish M-Score is -2.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Synaptics stock overvalued right now?
Based on GuruFocus' analysis, Synaptics (BSP:S2YN34) is currently considered Modestly Overvalued. The stock's GF Value™ is R$15.33, compared to a current price of R$19.64 — trading 28.1% above its estimated fair value. The current Beneish M-Score is -2.61. Synaptics' overall GF Score™ is 42/100 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 Synaptics (BSP:S2YN34), the current Beneish M-Score is -2.61 as of Jul. 26, 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 Synaptics (BSP:S2YN34) Overvalued in 2026?

Based on GuruFocus' analysis, Synaptics stock appears to be overvalued. The current stock price of R$19.64 is trading 28.1% above its estimated GF Value™ of R$15.33. GuruFocus considers Synaptics to be Modestly Overvalued.

Key valuation signals for BSP:S2YN34:

  • Beneish M-Score: -2.61
  • GF Value™: R$15.33 vs. price of R$19.64 (28.1% above fair value)
  • GF Score™: 42/100 with 2 warning signs

No single metric tells the full story. See the BSP:S2YN34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Synaptics Business Description

Address 1109 McKay Drive, San Jose, CA, USA, 95131
Synaptics Inc is a producer of semiconductor solutions for the mobile, PC, and Internet of Things markets. The company develops human interface solutions that enable touch, display, fingerprint, video, audio, voice, AI, and connectivity functions for smartphones, PCs, Internet of Things products, and other electronic devices. It operates in one segment: the development, marketing, and sale of semiconductor products used in electronic devices and products. The company geographically, it derives a majority of revenue from China, and also has its presence in Taiwan, Japan, South Korea, United States and Other countries.
42GF Score

Get the complete analysis for BSP:S2YN34

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

R$19.64
Price
R$15.33
GF Value