ETD (Ethan Allen Interiors) Beneish M-Score: -2.39 (As of Jun. 26, 2026)


ETD Ethan Allen Interiors Inc ETD
71 GF Score
Price $22.13
GF Value $24.66
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Ethan Allen Interiors Beneish M-Score?

Ethan Allen Interiors ETD +0.68% 71 Beneish M-Score is -2.39 as of Jun. 26, 2026. GuruFocus rates ETD with a GF Score™ of 71/100 and a GF Value™ of $24.66 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 419 Furnishings, Fixtures & Appliances companies, Ethan Allen Interiors ranks worse than 63.96% 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 -2.39 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ETD' s Beneish M-Score Range Over the Past 10 Years
Min: -3.62   Med: -2.66   Max: -1.57
Current: -2.39

During the past 13 years, the highest Beneish M-Score of Ethan Allen Interiors was -1.57. The lowest was -3.62. And the median was -2.66.


Ethan Allen Interiors Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Ethan Allen Interiors'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.

Ethan Allen Interiors Beneish M-Score Chart

Ethan Allen Interiors Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.87 -1.57 -2.75 -2.73 -2.51

Ethan Allen Interiors 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 -2.71 -2.51 -2.67 -2.63 -2.39

ETD vs XMAX, AMWD, HBB: Beneish M-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Ethan Allen Interiors'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.


Ethan Allen Interiors Beneish M-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ethan Allen Interiors's Beneish M-Score distribution charts can be found below:

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


ETD
71GF Score
Ethan Allen Interiors Inc ETD
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ethan Allen Interiors 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 Ethan Allen Interiors 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 * 0.742+0.528 * 1.0061+0.404 * 2.1377+0.892 * 0.9521+0.115 * 0.9976
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0599+4.679 * -0.019884-0.327 * 0.9805
=-2.39

* 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 $5.2 Mil.
Revenue was 135.835 + 149.916 + 146.984 + 160.357 = $593.1 Mil.
Gross Profit was 80.686 + 91.271 + 90.198 + 96.059 = $358.2 Mil.
Total Current Assets was $288.2 Mil.
Total Assets was $723.3 Mil.
Property, Plant and Equipment(Net PPE) was $313.8 Mil.
Depreciation, Depletion and Amortization(DDA) was $15.4 Mil.
Selling, General, & Admin. Expense(SGA) was $312.2 Mil.
Total Current Liabilities was $148.6 Mil.
Long-Term Debt & Capital Lease Obligation was $94.1 Mil.
Net Income was 5.934 + 11.744 + 10.451 + 12.268 = $40.4 Mil.
Non Operating Income was -0.329 + 0.815 + -0.584 + 0.001 = $-0.1 Mil.
Cash Flow from Operations was 15.053 + -1.827 + 16.832 + 24.817 = $54.9 Mil.
Total Receivables was $7.3 Mil.
Revenue was 142.695 + 157.26 + 154.337 + 168.632 = $622.9 Mil.
Gross Profit was 87.356 + 94.837 + 93.869 + 102.461 = $378.5 Mil.
Total Current Assets was $361.4 Mil.
Total Assets was $738.7 Mil.
Property, Plant and Equipment(Net PPE) was $319.4 Mil.
Depreciation, Depletion and Amortization(DDA) was $15.6 Mil.
Selling, General, & Admin. Expense(SGA) was $309.4 Mil.
Total Current Liabilities was $157.8 Mil.
Long-Term Debt & Capital Lease Obligation was $95.1 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)
=(5.166 / 593.092) / (7.312 / 622.924)
=0.00871 / 0.011738
=0.742

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)
=(378.523 / 622.924) / (358.214 / 593.092)
=0.607655 / 0.603977
=1.0061

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 - (288.151 + 313.812) / 723.259) / (1 - (361.392 + 319.391) / 738.74)
=0.167708 / 0.078454
=2.1377

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
=593.092 / 622.924
=0.9521

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))
=(15.59 / (15.59 + 319.391)) / (15.357 / (15.357 + 313.812))
=0.04654 / 0.046654
=0.9976

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)
=(312.229 / 593.092) / (309.413 / 622.924)
=0.526443 / 0.496711
=1.0599

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)
=((94.069 + 148.645) / 723.259) / ((95.064 + 157.786) / 738.74)
=0.335584 / 0.342272
=0.9805

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
=(40.397 - -0.097 - 54.875) / 723.259
=-0.019884

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.

Ethan Allen Interiors has a M-score of -2.39 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 -2.39 mean?
Ethan Allen Interiors (ETD) has a Beneish M-Score of -2.39 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ethan Allen Interiors and its competitors. According to the industry distribution chart, Ethan Allen Interiors ranks #268 out of 419 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 64%.
Is Ethan Allen Interiors' Beneish M-Score too high?
Ethan Allen Interiors' current Beneish M-Score is -2.39. Based on the distribution chart, Ethan Allen Interiors ranks #268 out of 419 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Ethan Allen Interiors has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ethan Allen Interiors' Beneish M-Score compare to XMAX and AMWD?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Ethan Allen Interiors ranks #268 out of 419 companies for Beneish M-Score. This places Ethan Allen Interiors 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 Furnishings, Fixtures & Appliances company?
A good Beneish M-Score depends on the Furnishings, Fixtures & Appliances 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 Ethan Allen Interiors and its competitors. Ethan Allen Interiors's current Beneish M-Score is -2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ethan Allen Interiors stock overvalued right now?
Based on GuruFocus' analysis, Ethan Allen Interiors (ETD) is currently considered Modestly Undervalued. The stock's GF Value™ is $24.66, compared to a current price of $22.13 — trading 10.3% below its estimated fair value. The current Beneish M-Score is -2.39. Ethan Allen Interiors' overall GF Score™ is 71/100 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 Ethan Allen Interiors (ETD), the current Beneish M-Score is -2.39 as of Jun. 26, 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 Ethan Allen Interiors (ETD) Overvalued in 2026?

Based on GuruFocus' analysis, Ethan Allen Interiors stock appears to be undervalued. The current stock price of $22.13 is trading 10.3% below its estimated GF Value™ of $24.66. GuruFocus considers Ethan Allen Interiors to be Modestly Undervalued.

Key valuation signals for ETD:

  • Beneish M-Score: -2.39
  • GF Value™: $24.66 vs. price of $22.13 (10.3% below fair value)
  • GF Score™: 71/100 with 3 warning signs

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


Ethan Allen Interiors Business Description

Address 25 Lake Avenue Extension, Danbury, CT, USA, 06811 - 5286
Ethan Allen Interiors Inc through its subsidiaries, operates as an interior design company, and a manufacturer and retailer in the home furnishings marketplace. Its product offerings include fabric chairs, beds, wallpapers, desks, and dining tables among others. The company's reportable segments are; Wholesale and Retail. The Wholesale segment is principally involved in the development of the Ethan Allen brand and encompasses all aspects of design, manufacturing, sourcing, marketing, sale, and distribution of home furnishings and accents. The Retail segment which generates maximum revenue, sells home furnishings and accents to clients through company-operated design centers. Geographically, it derives key revenue from the United States and the rest from other regions.
71GF Score

Get the complete analysis for ETD

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

$22.13
Price
$24.66
GF Value