EchoStarECHO -3.25%48 Beneish M-Score is -2.21 as of Jun. 25, 2026. GuruFocus rates ECHO with a GF Score™ of 48/100 and a GF Value™ of $19.76 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 355 Telecommunication Services companies, EchoStar ranks worse than 82.54% 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 -2.21 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for EchoStar's Beneish M-Score or its related term are showing as below:
ECHO'
s Beneish M-Score Range Over the Past 10 Years
Min: -5 Med: -2.68 Max: 4.76
Current: -2.21
During the past 13 years, the highest Beneish M-Score of EchoStar was 4.76. The lowest was -5.00. And the median was -2.68.
EchoStar Beneish M-Score Related Terms
EchoStar Beneish M-Score Historical Data
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The historical data trend for EchoStar'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.
ECHO vs CHTR, TIGO, LUMN: Beneish M-Score Comparison
For the Telecom Services subindustry, EchoStar'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.
EchoStar Beneish M-Score vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, EchoStar's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where EchoStar'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 EchoStar 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 * 1.1263
+
0.528 * 0.9317
+
0.404 * 1.2736
+
0.892 * 0.944
+
0.115 * 0.3978
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0686
+
4.679 * 0.075133
-
0.327 * 1.4295
=
-2.21
* 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))
=
(1933.126 / (1933.126 + 12223.378))
/
(1263.817 / (1263.817 + 2418.206))
=
0.136554
/
0.34324
=
0.3978
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
=
(-14441.396 - -17482.246
-
-67.845)
/
41375.692
=
0.075133
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.
EchoStar has a M-score of -2.21 suggests that the company is unlikely to be a manipulator.
EchoStar (ECHO) has a Beneish M-Score of -2.21 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on EchoStar and its competitors. According to the industry distribution chart, EchoStar ranks #293 out of 355 companies in the Telecommunication Services industry, placing it in the top 82.5%.
Is EchoStar's Beneish M-Score too high?
EchoStar's current Beneish M-Score is -2.21. Based on the distribution chart, EchoStar ranks #293 out of 355 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, EchoStar has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does EchoStar's Beneish M-Score compare to CHTR and TIGO?
According to the Telecommunication Services industry distribution chart, EchoStar ranks #293 out of 355 companies for Beneish M-Score. This places EchoStar 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 Telecommunication Services company?
A good Beneish M-Score depends on the Telecommunication Services 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 EchoStar and its competitors. EchoStar's current Beneish M-Score is -2.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EchoStar stock overvalued right now?
Based on GuruFocus' analysis, EchoStar (ECHO) is currently considered Significantly Overvalued. The stock's GF Value™ is $19.76, compared to a current price of $97.02 — trading 391% above its estimated fair value. The current Beneish M-Score is -2.21. EchoStar's overall GF Score™ is 48/100 with 10 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 EchoStar (ECHO), the current Beneish M-Score is -2.21 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 EchoStar (ECHO) Overvalued in 2026?
Based on GuruFocus' analysis, EchoStar stock appears to be overvalued.
The current stock price of $97.02 is trading 391% above its estimated GF Value™ of $19.76.
GuruFocus considers EchoStar to be Significantly Overvalued.
Key valuation signals for ECHO:
Beneish M-Score: -2.21
GF Value™: $19.76 vs. price of $97.02 (391% above fair value)
No single metric tells the full story. See the ECHO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Satellite television provides the bulk of EchoStar's revenue. The firm serves about 5 million US satellite customers, about 10% of the traditional television market. It also serves 2 million customers under the Sling brand. EchoStar has also amassed an extensive portfolio of spectrum licenses. It acquired Sprint's prepaid business, serving approximately 7 million customers, primarily under the Boost brand. The firm has agreed to sell a portion of its wireless licenses to AT&T and SpaceX, and will rely heavily on the AT&T network to serve customers. EchoStar's legacy businesses provide satellite telecom services and equipment to businesses and consumers, including about 700,000 internet customers.
48GF Score
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