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 -2.95 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Flux Power Holdings's Beneish M-Score or its related term are showing as below:
FLUX'
s Beneish M-Score Range Over the Past 10 Years
Min: -53.31 Med: -2.32 Max: 5.84
Current: -2.95
During the past 13 years, the highest Beneish M-Score of Flux Power Holdings was 5.84. The lowest was -53.31. And the median was -2.32.
Flux Power Holdings Beneish M-Score Related Terms
Flux Power Holdings Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Flux Power Holdings'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.
FLUX vs CHEV, SDST, EPOW: Beneish M-Score Comparison
For the Electrical Equipment & Parts subindustry, Flux Power Holdings'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.
Flux Power Holdings Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Flux Power Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Flux Power Holdings'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 Flux Power Holdings 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 * 0.4889
+
0.528 * 0.9671
+
0.404 * 0.9229
+
0.892 * 0.8026
+
0.115 * 0.756
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0693
+
4.679 * 0.037028
-
0.327 * 0.7073
=
-2.95
* 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))
=
(1.008 / (1.008 + 3.1))
/
(0.999 / (0.999 + 2.079))
=
0.245375
/
0.324561
=
0.756
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
=
(-6.315 - 0
-
-7.263)
/
25.602
=
0.037028
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.
Flux Power Holdings has a M-score of -2.95 suggests that the company is unlikely to be a manipulator.
Flux Power Holdings (FLUX) has a Beneish M-Score of -2.95 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Flux Power Holdings and its competitors. According to the industry distribution chart, Flux Power Holdings ranks #414 out of 2926 companies in the Industrial Products industry, placing it in the top 14.1%.
Is Flux Power Holdings' Beneish M-Score too high?
Flux Power Holdings' current Beneish M-Score is -2.95. Based on the distribution chart, Flux Power Holdings ranks #414 out of 2926 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Flux Power Holdings has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Flux Power Holdings' Beneish M-Score compare to CHEV and SDST?
According to the Industrial Products industry distribution chart, Flux Power Holdings ranks #414 out of 2926 companies for Beneish M-Score. This places Flux Power Holdings in the top 14% 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Flux Power Holdings and its competitors. Flux Power Holdings's current Beneish M-Score is -2.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flux Power Holdings stock overvalued right now?
Based on GuruFocus' analysis, Flux Power Holdings (FLUX) is currently considered Possible Value Trap. The stock's GF Value™ is $1.55, compared to a current price of $0.78 — trading 50% below its estimated fair value. The current Beneish M-Score is -2.95. Flux Power Holdings' overall GF Score™ is 58/100 with 4 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 Flux Power Holdings (FLUX), the current Beneish M-Score is -2.95 as of Jun. 27, 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 Flux Power Holdings (FLUX) Overvalued in 2026?
Based on GuruFocus' analysis, Flux Power Holdings stock appears to be undervalued.
The current stock price of $0.78 is trading 50% below its estimated GF Value™ of $1.55.
GuruFocus considers Flux Power Holdings to be Possible Value Trap.
Key valuation signals for FLUX:
Beneish M-Score: -2.95
GF Value™: $1.55 vs. price of $0.78 (50% below fair value)
No single metric tells the full story. See the FLUX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Flux Power Holdings Inc design, develop, manufacture, and sell a portfolio of lithium-ion energy storage solutions for electrification of a range of industrial commercial sectors which include material handling, airport ground support equipment (GSE), and other commercial and industrial applications. It offers a high-power battery cell management system(BMS). The company's BMS provides three functions to its battery systems which include Cell Balancing, Monitoring, and Error Reporting.
58GF Score
Get the complete analysis for FLUX
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FLUX has been successfully added to your 
