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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 -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Snap-on's Beneish M-Score or its related term are showing as below:
BUE:SNA'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.84 Med: -2.47 Max: -2.27
Current: -2.53
During the past 13 years, the highest Beneish M-Score of Snap-on was -2.27. The lowest was -2.84. And the median was -2.47.
Snap-on Beneish M-Score Related Terms
Snap-on Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Snap-on'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.
BUE:SNA vs RBC, LECO, SWK: Beneish M-Score Comparison
For the Tools & Accessories subindustry, Snap-on'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.
Snap-on Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Snap-on's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Snap-on'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 Snap-on 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 * 0.9402
+
0.528 * 1.0086
+
0.404 * 0.9598
+
0.892 * 1.4186
+
0.115 * 0.9388
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.01558
-
0.327 * 0.9426
=
-2.23
* 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))
=
(95539.485 / (95539.485 + 681624.018))
/
(134325.996 / (134325.996 + 891521.07))
=
0.122934
/
0.130942
=
0.9388
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
=
(1381350.68 - 3201.924
-
1563680.527)
/
11908014.489
=
-0.01558
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.
Snap-on has a M-score of -2.23 suggests that the company is unlikely to be a manipulator.
Snap-on (BUE:SNA) has a Beneish M-Score of -2.53 as of Jul. 18, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Snap-on and its competitors. According to the industry distribution chart, Snap-on ranks #1249 out of 2909 companies in the Industrial Products industry, placing it in the top 42.9%.
Is Snap-on's Beneish M-Score too high?
Snap-on's current Beneish M-Score is -2.53. Based on the distribution chart, Snap-on ranks #1249 out of 2909 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Snap-on has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Snap-on's Beneish M-Score compare to RBC and LECO?
According to the Industrial Products industry distribution chart, Snap-on ranks #1249 out of 2909 companies for Beneish M-Score. This puts Snap-on 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 Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Snap-on and its competitors. Snap-on's current Beneish M-Score is -2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Snap-on stock overvalued right now?
Based on GuruFocus' analysis, Snap-on (BUE:SNA) is currently considered Modestly Overvalued. The stock's GF Value™ is ARS83,303.92, compared to a current price of ARS108,075.00 — trading 29.7% above its estimated fair value. The current Beneish M-Score is -2.53. Snap-on's overall GF Score™ is 75/100 with 5 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 Snap-on (BUE:SNA), the current Beneish M-Score is -2.53 as of Jul. 18, 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 Snap-on (BUE:SNA) Overvalued in 2026?
Based on GuruFocus' analysis, Snap-on stock appears to be overvalued.
The current stock price of ARS108,075.00 is trading 29.7% above its estimated GF Value™ of ARS83,303.92.
GuruFocus considers Snap-on to be Modestly Overvalued.
Key valuation signals for BUE:SNA:
Beneish M-Score: -2.53
GF Value™: ARS83,303.92 vs. price of ARS108,075.00 (29.7% above fair value)
No single metric tells the full story. See the BUE:SNA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Snap-on is a manufacturer of premium tools, equipment, and diagnostics for professional technicians, primarily involved in the repair of passenger cars but having expanded into other industrial applications. The company's legacy business is selling hand tools through franchisee-operated mobile vans to technicians who purchase the tools at their own expense. The company also operates a commercial and industrial business that is focused on repair facilities serving other industries. The third segment, repair systems and information, targets auto OEMs and large dealerships more directly and also offers substantial diagnostic solutions to aid repairs. The company's finance arm provides financing to franchisees to run their operations, as well as underwriting end customer purchases.
75GF Score
Get the complete analysis for BUE:SNA
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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