RTX (BUE:RTX) Beneish M-Score: -2.49 (As of Jun. 25, 2026)


BUE:RTX RTX Corp BUE:RTX
71 GF Score
Price ARS57,450.00
GF Value ARS44,743.70
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is RTX Beneish M-Score?

RTX BUE:RTX -0.86% 71 Beneish M-Score is -2.49 as of Jun. 25, 2026. GuruFocus rates BUE:RTX with a GF Score™ of 71/100 and a GF Value™ of ARS44,743.70 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 326 Aerospace & Defense companies, RTX ranks better than 56.75% 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 -2.49 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BUE:RTX' s Beneish M-Score Range Over the Past 10 Years
Min: -2.9   Med: -2.49   Max: -1.28
Current: -2.49

During the past 13 years, the highest Beneish M-Score of RTX was -1.28. The lowest was -2.90. And the median was -2.49.

RTX Beneish M-Score Historical Data

* Premium members only.

The historical data trend for RTX'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.

RTX Beneish M-Score Chart

RTX 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 -2.61 -2.66 -2.58 -2.52 -2.44

RTX 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 -2.56 -2.45 -2.43 -2.44 -2.49

BUE:RTX vs BA, GE, LMT: Beneish M-Score Comparison

For the Aerospace & Defense subindustry, RTX'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.

RTX Beneish M-Score vs Aerospace & Defense Industry

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

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


BUE:RTX
71GF Score
RTX Corp BUE:RTX
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RTX 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 RTX 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 * 1.0017+0.528 * 0.9689+0.404 * 0.9456+0.892 * 1.5229+0.115 * 0.9786
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.943+4.679 * -0.030187-0.327 * 0.9732
=-2.18

* 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 ARS43,366,571 Mil.
Revenue was 30867658.619 + 35181190.096 + 30525402.776 + 25621679.828 = ARS122,195,931 Mil.
Gross Profit was 6423537.946 + 6846673.557 + 6219696.802 + 5195332.511 = ARS24,685,241 Mil.
Total Current Assets was ARS83,907,290 Mil.
Total Assets was ARS238,304,309 Mil.
Property, Plant and Equipment(Net PPE) was ARS26,028,332 Mil.
Depreciation, Depletion and Amortization(DDA) was ARS5,938,851 Mil.
Selling, General, & Admin. Expense(SGA) was ARS8,258,972 Mil.
Total Current Liabilities was ARS81,907,799 Mil.
Long-Term Debt & Capital Lease Obligation was ARS48,233,863 Mil.
Net Income was 2878986.641 + 2354315.139 + 2604667.787 + 1967245.423 = ARS9,805,215 Mil.
Non Operating Income was 485191.046 + 142245.921 + 478020.366 + 410782.689 = ARS1,516,240 Mil.
Cash Flow from Operations was 2593744.643 + 6045451.636 + 6299819.534 + 543752.809 = ARS15,482,769 Mil.
 Total Receivables was ARS28,428,007 Mil.
Revenue was 21646946.049 + 21839230.218 + 19094593.661 + 17660155.247 = ARS80,240,925 Mil.
Gross Profit was 4387808.034 + 4277350.043 + 3834316.831 + 3205889.954 = ARS15,705,365 Mil.
Total Current Assets was ARS56,410,411 Mil.
Total Assets was ARS175,751,114 Mil.
Property, Plant and Equipment(Net PPE) was ARS19,224,910 Mil.
Depreciation, Depletion and Amortization(DDA) was ARS4,271,684 Mil.
Selling, General, & Admin. Expense(SGA) was ARS5,751,185 Mil.
Total Current Liabilities was ARS56,099,128 Mil.
Long-Term Debt & Capital Lease Obligation was ARS42,524,213 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)
=(43366571.483 / 122195931.319) / (28428007.008 / 80240925.175)
=0.354894 / 0.354283
=1.0017

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)
=(15705364.862 / 80240925.175) / (24685240.816 / 122195931.319)
=0.195728 / 0.202014
=0.9689

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 - (83907289.639 + 26028332.361) / 238304309.028) / (1 - (56410410.576 + 19224910.128) / 175751113.635)
=0.538675 / 0.569645
=0.9456

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
=122195931.319 / 80240925.175
=1.5229

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))
=(4271683.81 / (4271683.81 + 19224910.128)) / (5938850.69 / (5938850.69 + 26028332.361))
=0.1818 / 0.18578
=0.9786

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)
=(8258972.361 / 122195931.319) / (5751185.424 / 80240925.175)
=0.067588 / 0.071674
=0.943

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)
=((48233862.644 + 81907799.159) / 238304309.028) / ((42524213.43 + 56099127.79) / 175751113.635)
=0.546115 / 0.561153
=0.9732

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
=(9805214.99 - 1516240.022 - 15482768.622) / 238304309.028
=-0.030187

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.

RTX has a M-score of -2.18 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 -2.49 mean?
RTX (BUE:RTX) has a Beneish M-Score of -2.49 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on RTX and its competitors. According to the industry distribution chart, RTX ranks #141 out of 326 companies in the Aerospace & Defense industry, placing it in the top 43.3%.
Is RTX's Beneish M-Score too high?
RTX's current Beneish M-Score is -2.49. Based on the distribution chart, RTX ranks #141 out of 326 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, RTX has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does RTX's Beneish M-Score compare to BA and GE?
According to the Aerospace & Defense industry distribution chart, RTX ranks #141 out of 326 companies for Beneish M-Score. This puts RTX 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 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 RTX and its competitors. RTX's current Beneish M-Score is -2.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RTX stock overvalued right now?
Based on GuruFocus' analysis, RTX (BUE:RTX) is currently considered Modestly Overvalued. The stock's GF Value™ is ARS44,743.70, compared to a current price of ARS57,450.00 — trading 28.4% above its estimated fair value. The current Beneish M-Score is -2.49. RTX's overall GF Score™ is 71/100 with 1 warning sign 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 RTX (BUE:RTX), the current Beneish M-Score is -2.49 as of Jun. 25, 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 RTX (BUE:RTX) Overvalued in 2026?

Based on GuruFocus' analysis, RTX stock appears to be overvalued. The current stock price of ARS57,450.00 is trading 28.4% above its estimated GF Value™ of ARS44,743.70. GuruFocus considers RTX to be Modestly Overvalued.

Key valuation signals for BUE:RTX:

  • Beneish M-Score: -2.49
  • GF Value™: ARS44,743.70 vs. price of ARS57,450.00 (28.4% above fair value)
  • GF Score™: 71/100 with 1 warning sign

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

RTX Business Description

Address 1000 Wilson Boulevard, Arlington, VA, USA, 22209
RTX is an aerospace and defense manufacturer formed from the merger of United Technologies and Raytheon, with roughly equal exposure across three segments, mostly as a supplier to commercial aerospace and to the defense market: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, a commercial and military aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military.
71GF Score

Get the complete analysis for BUE:RTX

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

ARS57,450.00
Price
ARS44,743.70
GF Value