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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 -2.54 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Franklin Wireless's Beneish M-Score or its related term are showing as below:
FKWL'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.42 Med: -2.38 Max: 6.21
Current: -2.54
During the past 13 years, the highest Beneish M-Score of Franklin Wireless was 6.21. The lowest was -4.42. And the median was -2.38.
Franklin Wireless Beneish M-Score Related Terms
Franklin Wireless Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Franklin Wireless'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.
FKWL vs BOSC, FIEE, UTSI: Beneish M-Score Comparison
For the Communication Equipment subindustry, Franklin Wireless'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.
Franklin Wireless Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Franklin Wireless's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Franklin Wireless'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 Franklin Wireless 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 * 1.0674
+
0.528 * 0.8387
+
0.404 * 1.0854
+
0.892 * 0.774
+
0.115 * 1.0489
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8708
+
4.679 * 0.036876
-
0.327 * 1.2129
=
-2.54
* 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))
=
(0.958 / (0.958 + 1.533))
/
(0.664 / (0.664 + 1.147))
=
0.384585
/
0.366648
=
1.0489
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
=
(-0.726 - 0.645
-
-3.229)
/
50.385
=
0.036876
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.
Franklin Wireless has a M-score of -2.54 suggests that the company is unlikely to be a manipulator.
Franklin Wireless (FKWL) has a Beneish M-Score of -2.54 as of Jul. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Franklin Wireless and its competitors. According to the industry distribution chart, Franklin Wireless ranks #1053 out of 2403 companies in the Hardware industry, placing it in the top 43.8%.
Is Franklin Wireless' Beneish M-Score too high?
Franklin Wireless' current Beneish M-Score is -2.54. Based on the distribution chart, Franklin Wireless ranks #1053 out of 2403 companies in the Hardware industry, which is above the industry midpoint. Overall, Franklin Wireless has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Franklin Wireless' Beneish M-Score compare to BOSC and FIEE?
According to the Hardware industry distribution chart, Franklin Wireless ranks #1053 out of 2403 companies for Beneish M-Score. This puts Franklin Wireless 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 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 Franklin Wireless and its competitors. Franklin Wireless's current Beneish M-Score is -2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Franklin Wireless stock overvalued right now?
Based on GuruFocus' analysis, Franklin Wireless (FKWL) is currently considered Possible Value Trap. The stock's GF Value™ is $4.11, compared to a current price of $2.34 — trading 43.1% below its estimated fair value. The current Beneish M-Score is -2.54. Franklin Wireless' overall GF Score™ is 46/100 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 Franklin Wireless (FKWL), the current Beneish M-Score is -2.54 as of Jul. 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 Franklin Wireless (FKWL) Overvalued in 2026?
Based on GuruFocus' analysis, Franklin Wireless stock appears to be undervalued.
The current stock price of $2.34 is trading 43.1% below its estimated GF Value™ of $4.11.
GuruFocus considers Franklin Wireless to be Possible Value Trap.
Key valuation signals for FKWL:
Beneish M-Score: -2.54
GF Value™: $4.11 vs. price of $2.34 (43.1% below fair value)
No single metric tells the full story. See the FKWL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Franklin Wireless Corp is a provider of wireless solutions, including mobile hotspots, routers, and modems, as well as hardware and software products that support machine-to-machine (M2M) applications and the Internet of Things (IoT). Its M2M and IoT solutions include embedded modules, modems, and gateways built to deliver reliable always-on connectivity supporting a spectrum of applications. These products are designed to solve wireless connectivity challenges in a range of vertical markets, including video surveillance, digital signage, home security, oil and gas exploration, kiosks, fleet management, smart grid, vehicle diagnostics, and telematics.
46GF Score
Get the complete analysis for FKWL
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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