EACO (EACO) Beneish M-Score: -1.90 (As of Aug. 01, 2026)

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EACO EACO Corp EACO
81 GF Score
Price $105.01
GF Value $54.11
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is EACO Beneish M-Score?

EACO EACO 81 Beneish M-Score is -1.90 as of Aug. 01, 2026. GuruFocus rates EACO with a GF Score™ of 81/100 and a GF Value™ of $54.11 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,402 Hardware companies, EACO ranks worse than 80.81% 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 -1.9 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

EACO' s Beneish M-Score Range Over the Past 10 Years
Min: -2.8   Med: -1.99   Max: -1.18
Current: -1.9

During the past 13 years, the highest Beneish M-Score of EACO was -1.18. The lowest was -2.80. And the median was -1.99.


EACO Beneish M-Score Historical Data

* Premium members only.

The historical data trend for EACO'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.

EACO Beneish M-Score Chart

EACO Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.21 -2.29 -2.09 -1.76 -2.14

EACO Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 -1.73 -2.14 -2.06 -2.08 -1.90

EACO vs CLMB, NLST, SPRS: Beneish M-Score Comparison

For the Electronics & Computer Distribution subindustry, EACO'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.


EACO Beneish M-Score vs Hardware Industry

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

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


EACO
81GF Score
EACO Corp EACO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

EACO 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 EACO 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 * 1.016+0.528 * 0.9755+0.404 * 0.5948+0.892 * 1.2279+0.115 * 1.0805
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9836+4.679 * 0.105528-0.327 * 0.9036
=-1.90

* 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 (May26) TTM:Last Year (May25) TTM:
Total Receivables was $72.2 Mil.
Revenue was 142.35 + 117.836 + 110.953 + 122.469 = $493.6 Mil.
Gross Profit was 44.446 + 36.227 + 34.355 + 37.344 = $152.4 Mil.
Total Current Assets was $220.2 Mil.
Total Assets was $268.1 Mil.
Property, Plant and Equipment(Net PPE) was $45.0 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.7 Mil.
Selling, General, & Admin. Expense(SGA) was $97.6 Mil.
Total Current Liabilities was $73.6 Mil.
Long-Term Debt & Capital Lease Obligation was $6.0 Mil.
Net Income was 13.565 + 9.797 + 9.32 + 9.128 = $41.8 Mil.
Non Operating Income was 0.251 + 0.416 + 0.043 + 0.512 = $1.2 Mil.
Cash Flow from Operations was 3.642 + 1.474 + -0.584 + 7.765 = $12.3 Mil.
Total Receivables was $57.9 Mil.
Revenue was 111.41 + 100.132 + 93.92 + 96.52 = $402.0 Mil.
Gross Profit was 34.073 + 29.508 + 27.781 + 29.685 = $121.0 Mil.
Total Current Assets was $173.5 Mil.
Total Assets was $218.6 Mil.
Property, Plant and Equipment(Net PPE) was $41.1 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.7 Mil.
Selling, General, & Admin. Expense(SGA) was $80.8 Mil.
Total Current Liabilities was $63.0 Mil.
Long-Term Debt & Capital Lease Obligation was $8.8 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)
=(72.173 / 493.608) / (57.85 / 401.982)
=0.146215 / 0.143912
=1.016

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)
=(121.047 / 401.982) / (152.372 / 493.608)
=0.301125 / 0.30869
=0.9755

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 - (220.207 + 44.972) / 268.089) / (1 - (173.464 + 41.107) / 218.56)
=0.010855 / 0.018251
=0.5948

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
=493.608 / 401.982
=1.2279

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))
=(1.706 / (1.706 + 41.107)) / (1.722 / (1.722 + 44.972))
=0.039848 / 0.036878
=1.0805

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)
=(97.614 / 493.608) / (80.821 / 401.982)
=0.197756 / 0.201056
=0.9836

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)
=((6.017 + 73.594) / 268.089) / ((8.829 + 62.998) / 218.56)
=0.296957 / 0.328637
=0.9036

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
=(41.81 - 1.222 - 12.297) / 268.089
=0.105528

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.

EACO has a M-score of -1.90 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 -1.90 mean?
EACO (EACO) has a Beneish M-Score of -1.90 as of Aug. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on EACO and its competitors. According to the industry distribution chart, EACO ranks #1941 out of 2402 companies in the Hardware industry, placing it in the top 80.8%.
Is EACO's Beneish M-Score too high?
EACO's current Beneish M-Score is -1.90. Based on the distribution chart, EACO ranks #1941 out of 2402 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, EACO has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does EACO's Beneish M-Score compare to CLMB and NLST?
According to the Hardware industry distribution chart, EACO ranks #1941 out of 2402 companies for Beneish M-Score. This places EACO in the lower 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 EACO and its competitors. EACO's current Beneish M-Score is -1.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EACO stock overvalued right now?
Based on GuruFocus' analysis, EACO (EACO) is currently considered Significantly Overvalued. The stock's GF Value™ is $54.11, compared to a current price of $105.01 — trading 94.1% above its estimated fair value. The current Beneish M-Score is -1.90. EACO's overall GF Score™ is 81/100 with 3 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 EACO (EACO), the current Beneish M-Score is -1.90 as of Aug. 01, 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 EACO (EACO) Overvalued in 2026?

Based on GuruFocus' analysis, EACO stock appears to be overvalued. The current stock price of $105.01 is trading 94.1% above its estimated GF Value™ of $54.11. GuruFocus considers EACO to be Significantly Overvalued.

Key valuation signals for EACO:

  • Beneish M-Score: -1.90
  • GF Value™: $54.11 vs. price of $105.01 (94.1% above fair value)
  • GF Score™: 81/100 with 3 warning signs

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


EACO Business Description

Address 5065 East Hunter Avenue, Anaheim, CA, USA, 92807
EACO Corp is a holding company. The company, through its subsidiary, distributes electronic components and fasteners. Its products include electronic components such as spacers and standoffs, card guides and ejectors, component holders and fuses, circuit board connectors, and cable components, as well as a large variety of fasteners and hardware. It also provides customized services and solutions for a wide range of production needs, including special packaging, bin stocking, kitting and assembly, bar coding, electronic requisitioning, and integrated supply programs. It operates through three divisions, Bisco Industries, National-Precision, and Fast-Cor. Geographically, the company derives maximum revenue from the United States and the rest from Asia, Canada, and other regions.
81GF Score

Get the complete analysis for EACO

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

$105.01
Price
$54.11
GF Value