Alphabet (CHIX:ABECD) Beneish M-Score: -2.75 (As of Jun. 24, 2026)


CHIX:ABECD Alphabet Inc CHIX:ABECD
93 GF Score
Price €318.20
GF Value €213.26
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Alphabet Beneish M-Score?

Alphabet CHIX:ABECD 93 Beneish M-Score is -2.75 as of Jun. 24, 2026. GuruFocus rates CHIX:ABECD with a GF Score™ of 93/100 and a GF Value™ of €213.26 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 532 Interactive Media companies, Alphabet ranks better than 56.95% 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 -2.75 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

CHIX:ABECd' s Beneish M-Score Range Over the Past 10 Years
Min: -2.9   Med: -2.72   Max: -2.37
Current: -2.75

During the past 13 years, the highest Beneish M-Score of Alphabet was -2.37. The lowest was -2.90. And the median was -2.72.


Alphabet Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Alphabet'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.

Alphabet Beneish M-Score Chart

Alphabet 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 -2.50 -2.72 -2.58 -2.62 -2.84

Alphabet 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 -2.59 -2.58 -2.79 -2.84 -2.75

CHIX:ABECD vs META, SPOT, NBIS: Beneish M-Score Comparison

For the Internet Content & Information subindustry, Alphabet'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.


Alphabet Beneish M-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Alphabet's Beneish M-Score distribution charts can be found below:

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


CHIX:ABECD
93GF Score
Alphabet Inc CHIX:ABECD
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alphabet 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 Alphabet 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 * 1.0622+0.528 * 0.9704+0.404 * 1.1417+0.892 * 1.0875+0.115 * 1.0616
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0545+4.679 * -0.094259-0.327 * 1.1924
=-2.81

* 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 €54,494 Mil.
Revenue was 95060.04 + 97209.966 + 87198.792 + 83603.076 = €363,072 Mil.
Gross Profit was 59360.625 + 58124.948 + 51952.404 + 49756.263 = €219,194 Mil.
Total Current Assets was €184,896 Mil.
Total Assets was €608,890 Mil.
Property, Plant and Equipment(Net PPE) was €256,498 Mil.
Depreciation, Depletion and Amortization(DDA) was €19,879 Mil.
Selling, General, & Admin. Expense(SGA) was €44,978 Mil.
Total Current Liabilities was €96,178 Mil.
Long-Term Debt & Capital Lease Obligation was €78,269 Mil.
Net Income was 54129.97 + 29424.57 + 29802.108 + 24445.932 = €137,803 Mil.
Non Operating Income was 31890.82 + 1940.288 + 10075.752 + 1623.891 = €45,531 Mil.
Cash Flow from Operations was 39608.35 + 44751.308 + 41248.728 + 24056.649 = €149,665 Mil.
Total Receivables was €47,175 Mil.
Revenue was 83466.45 + 92127.895 + 79529.468 + 78725.318 = €333,849 Mil.
Gross Profit was 49832.525 + 53342.48 + 46666.394 + 45739.315 = €195,581 Mil.
Total Current Assets was €149,898 Mil.
Total Assets was €439,721 Mil.
Property, Plant and Equipment(Net PPE) was €183,875 Mil.
Depreciation, Depletion and Amortization(DDA) was €15,201 Mil.
Selling, General, & Admin. Expense(SGA) was €39,219 Mil.
Total Current Liabilities was €84,780 Mil.
Long-Term Debt & Capital Lease Obligation was €20,872 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)
=(54494.135 / 363071.874) / (47175 / 333849.131)
=0.150092 / 0.141306
=1.0622

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)
=(195580.714 / 333849.131) / (219194.24 / 363071.874)
=0.585836 / 0.603721
=0.9704

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 - (184896.345 + 256497.585) / 608889.935) / (1 - (149898.1 + 183875.2) / 439720.95)
=0.275084 / 0.240943
=1.1417

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
=363071.874 / 333849.131
=1.0875

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))
=(15201.467 / (15201.467 + 183875.2)) / (19878.928 / (19878.928 + 256497.585))
=0.07636 / 0.071927
=1.0616

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)
=(44977.995 / 363071.874) / (39218.891 / 333849.131)
=0.123882 / 0.117475
=1.0545

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)
=((78268.66 + 96177.62) / 608889.935) / ((20871.7 + 84779.95) / 439720.95)
=0.286499 / 0.24027
=1.1924

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
=(137802.58 - 45530.751 - 149665.035) / 608889.935
=-0.094259

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.

Alphabet has a M-score of -2.81 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 -2.75 mean?
Alphabet (CHIX:ABECD) has a Beneish M-Score of -2.75 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Alphabet and its competitors. According to the industry distribution chart, Alphabet ranks #229 out of 532 companies in the Interactive Media industry, placing it in the top 43%.
Is Alphabet's Beneish M-Score too high?
Alphabet's current Beneish M-Score is -2.75. Based on the distribution chart, Alphabet ranks #229 out of 532 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Alphabet has a GF Score™ of 93/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alphabet's Beneish M-Score compare to META and SPOT?
According to the Interactive Media industry distribution chart, Alphabet ranks #229 out of 532 companies for Beneish M-Score. This puts Alphabet 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 Interactive Media company?
A good Beneish M-Score depends on the Interactive Media 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 Alphabet and its competitors. Alphabet's current Beneish M-Score is -2.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alphabet stock overvalued right now?
Based on GuruFocus' analysis, Alphabet (CHIX:ABECD) is currently considered Significantly Overvalued. The stock's GF Value™ is €213.26, compared to a current price of €318.20 — trading 49.2% above its estimated fair value. The current Beneish M-Score is -2.75. Alphabet's overall GF Score™ is 93/100 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 Alphabet (CHIX:ABECD), the current Beneish M-Score is -2.75 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 Alphabet (CHIX:ABECD) Overvalued in 2026?

Based on GuruFocus' analysis, Alphabet stock appears to be overvalued. The current stock price of €318.20 is trading 49.2% above its estimated GF Value™ of €213.26. GuruFocus considers Alphabet to be Significantly Overvalued.

Key valuation signals for CHIX:ABECD:

  • Beneish M-Score: -2.75
  • GF Value™: €213.26 vs. price of €318.20 (49.2% above fair value)
  • GF Score™: 93/100 with 2 warning signs

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


Alphabet Business Description

Address 1600 Amphitheatre Parkway, Mountain View, CA, USA, 94043
Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV and YouTube Music, among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform accounts for roughly 10% of Alphabet's revenue. The firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) make up the rest.
93GF Score

Get the complete analysis for CHIX:ABECD

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

€318.20
Price
€213.26
GF Value