CMT (Core Molding Technologies) Beneish M-Score: -2.88 (As of Aug. 20, 2026)

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CMT Core Molding Technologies Inc CMT
49 GF Score
Price $26.58
GF Value $14.89
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Core Molding Technologies Beneish M-Score?

Core Molding Technologies CMT +1.84% 49 Beneish M-Score is -2.88 as of Aug. 20, 2026. GuruFocus rates CMT with a GF Score™ of 49/100 and a GF Value™ of $14.89 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,530 Chemicals companies, Core Molding Technologies ranks better than 80.13% 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 -2.88 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

CMT' s Beneish M-Score Range Over the Past 10 Years
Min: -4.07   Med: -2.75   Max: 1.92
Current: -2.88

During the past 13 years, the highest Beneish M-Score of Core Molding Technologies was 1.92. The lowest was -4.07. And the median was -2.75.


Core Molding Technologies Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Core Molding Technologies'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.

Core Molding Technologies Beneish M-Score Chart

Core Molding Technologies 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 -2.40 -2.41 -2.98 -3.22 -2.62

Core Molding Technologies Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -2.95 -2.73 -2.62 -2.12 -2.88

CMT vs FF, HDSN, MNTK: Beneish M-Score Comparison

For the Specialty Chemicals subindustry, Core Molding Technologies'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.


Core Molding Technologies Beneish M-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Core Molding Technologies's Beneish M-Score distribution charts can be found below:

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


CMT
49GF Score
Core Molding Technologies Inc CMT
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Core Molding Technologies 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 Core Molding Technologies 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 * 0.8831+0.528 * 0.9638+0.404 * 0.9713+0.892 * 0.9212+0.115 * 1.3309
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1174+4.679 * -0.043519-0.327 * 1.0131
=-2.88

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was $35.3 Mil.
Revenue was 62.729 + 58.583 + 74.677 + 58.435 = $254.4 Mil.
Gross Profit was 12.728 + 11.978 + 11.34 + 10.145 = $46.2 Mil.
Total Current Assets was $96.3 Mil.
Total Assets was $227.4 Mil.
Property, Plant and Equipment(Net PPE) was $108.0 Mil.
Depreciation, Depletion and Amortization(DDA) was $12.2 Mil.
Selling, General, & Admin. Expense(SGA) was $36.9 Mil.
Total Current Liabilities was $48.2 Mil.
Long-Term Debt & Capital Lease Obligation was $13.0 Mil.
Net Income was 1.783 + 0.605 + 3.083 + 1.877 = $7.3 Mil.
Non Operating Income was 0.117 + 0.117 + 0.233 + 0.117 = $0.6 Mil.
Cash Flow from Operations was 16.299 + -9.229 + 5.019 + 4.572 = $16.7 Mil.
Total Receivables was $43.4 Mil.
Revenue was 79.239 + 61.447 + 62.498 + 72.992 = $276.2 Mil.
Gross Profit was 14.314 + 11.783 + 9.885 + 12.345 = $48.3 Mil.
Total Current Assets was $113.2 Mil.
Total Assets was $219.9 Mil.
Property, Plant and Equipment(Net PPE) was $83.8 Mil.
Depreciation, Depletion and Amortization(DDA) was $13.1 Mil.
Selling, General, & Admin. Expense(SGA) was $35.8 Mil.
Total Current Liabilities was $39.7 Mil.
Long-Term Debt & Capital Lease Obligation was $18.8 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)
=(35.292 / 254.424) / (43.379 / 276.176)
=0.138713 / 0.15707
=0.8831

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)
=(48.327 / 276.176) / (46.191 / 254.424)
=0.174986 / 0.181551
=0.9638

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 - (96.304 + 108.04) / 227.42) / (1 - (113.193 + 83.755) / 219.924)
=0.101469 / 0.104472
=0.9713

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
=254.424 / 276.176
=0.9212

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))
=(13.062 / (13.062 + 83.755)) / (12.188 / (12.188 + 108.04))
=0.134914 / 0.101374
=1.3309

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)
=(36.85 / 254.424) / (35.799 / 276.176)
=0.144837 / 0.129624
=1.1174

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)
=((13.027 + 48.239) / 227.42) / ((18.797 + 39.685) / 219.924)
=0.269396 / 0.265919
=1.0131

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
=(7.348 - 0.584 - 16.661) / 227.42
=-0.043519

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.

Core Molding Technologies has a M-score of -2.88 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 -2.88 mean?
Core Molding Technologies (CMT) has a Beneish M-Score of -2.88 as of Aug. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Core Molding Technologies and its competitors. According to the industry distribution chart, Core Molding Technologies ranks #304 out of 1530 companies in the Chemicals industry, placing it in the top 19.9%.
Is Core Molding Technologies' Beneish M-Score too high?
Core Molding Technologies' current Beneish M-Score is -2.88. Based on the distribution chart, Core Molding Technologies ranks #304 out of 1530 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Core Molding Technologies has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Core Molding Technologies' Beneish M-Score compare to FF and HDSN?
According to the Chemicals industry distribution chart, Core Molding Technologies ranks #304 out of 1530 companies for Beneish M-Score. This places Core Molding Technologies in the top 20% of its industry — outperforming the majority of peers. 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 Chemicals company?
A good Beneish M-Score depends on the Chemicals 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 Core Molding Technologies and its competitors. Core Molding Technologies's current Beneish M-Score is -2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Core Molding Technologies stock overvalued right now?
Based on GuruFocus' analysis, Core Molding Technologies (CMT) is currently considered Significantly Overvalued. The stock's GF Value™ is $14.89, compared to a current price of $26.58 — trading 78.5% above its estimated fair value. The current Beneish M-Score is -2.88. Core Molding Technologies' overall GF Score™ is 49/100 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 Core Molding Technologies (CMT), the current Beneish M-Score is -2.88 as of Aug. 20, 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 Core Molding Technologies (CMT) Overvalued in 2026?

Based on GuruFocus' analysis, Core Molding Technologies stock appears to be overvalued. The current stock price of $26.58 is trading 78.5% above its estimated GF Value™ of $14.89. GuruFocus considers Core Molding Technologies to be Significantly Overvalued.

Key valuation signals for CMT:

  • Beneish M-Score: -2.88
  • GF Value™: $14.89 vs. price of $26.58 (78.5% above fair value)
  • GF Score™: 49/100 with 5 warning signs

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


Core Molding Technologies Business Description

Other Exchanges XQN:Germany
Address 800 Manor Park Drive, Columbus, OH, USA, 43228-0183
Core Molding Technologies Inc operates in the engineered materials market as one operating segment as a molder of thermoplastic and thermoset structural products. It produces and sells molded products for varied markets, including medium and heavy-duty trucks, automobiles, power sports, construction and agriculture, building products, and other industrial markets. The processes include compression molding of sheet molding compound (SMC), resin transfer molding (RTM), liquid molding of dicyclopentadiene (DCPD), spray-up and hand-lay-up, direct long-fiber thermoplastics (D-LFT) and structural foam and structural web injection molding (SIM). It operates operates in Columbus, Ohio; Gaffney, South Carolina; Winona, Minnesota; Matamoros and Escobedo, Mexico; and Cobourg, Ontario, Canada.
49GF Score

Get the complete analysis for CMT

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

$26.58
Price
$14.89
GF Value