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 -2.32 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Dorman Products's Beneish M-Score or its related term are showing as below:
FRA:RAB'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.72 Med: -2.35 Max: -1.25
Current: -2.32
During the past 13 years, the highest Beneish M-Score of Dorman Products was -1.25. The lowest was -3.72. And the median was -2.35.
Dorman Products Beneish M-Score Related Terms
Dorman Products Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Dorman Products'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.
FRA:RAB vs AAP, ATMU, DAN: Beneish M-Score Comparison
For the Auto Parts subindustry, Dorman Products'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.
Dorman Products Beneish M-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Dorman Products's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Dorman Products'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 Dorman Products 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 * 0.871
+
0.528 * 0.9943
+
0.404 * 0.885
+
0.892 * 0.9729
+
0.115 * 1.0022
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0095
+
4.679 * 0.054725
-
0.327 * 0.8817
=
-2.38
* 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))
=
(52.553 / (52.553 + 261.252))
/
(48.035 / (48.035 + 239.411))
=
0.16747
/
0.16711
=
1.0022
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
=
(163.555 - -42.944
-
91.226)
/
2106.388
=
0.054725
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.
Dorman Products has a M-score of -2.38 suggests that the company is unlikely to be a manipulator.
Dorman Products (FRA:RAB) has a Beneish M-Score of -2.32 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Dorman Products and its competitors. According to the industry distribution chart, Dorman Products ranks #866 out of 1273 companies in the Vehicles & Parts industry, placing it in the top 68%.
Is Dorman Products' Beneish M-Score too high?
Dorman Products' current Beneish M-Score is -2.32. Based on the distribution chart, Dorman Products ranks #866 out of 1273 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Dorman Products has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Dorman Products' Beneish M-Score compare to AAP and ATMU?
According to the Vehicles & Parts industry distribution chart, Dorman Products ranks #866 out of 1273 companies for Beneish M-Score. This places Dorman Products 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Dorman Products and its competitors. Dorman Products's current Beneish M-Score is -2.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dorman Products stock overvalued right now?
Dorman Products (FRA:RAB) has a current Beneish M-Score of -2.32. The stock's GF Value™ is €104.02, compared to a current price of €111.00 — trading 6.7% above its estimated fair value. The current Beneish M-Score is -2.32. Dorman Products' overall GF Score™ is 88/100 with 2 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 Dorman Products (FRA:RAB), the current Beneish M-Score is -2.32 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 Dorman Products (FRA:RAB) Overvalued in 2026?
Based on GuruFocus' analysis, Dorman Products stock appears to be overvalued.
The current stock price of €111.00 is trading 6.7% above its estimated GF Value™ of €104.02.
Key valuation signals for FRA:RAB:
Beneish M-Score: -2.32
GF Value™: €104.02 vs. price of €111.00 (6.7% above fair value)
No single metric tells the full story. See the FRA:RAB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dorman Products Inc is a supplier of original equipment parts for automobiles. It offers automotive and heavy-duty replacement parts, automotive hardware, brake parts, and fasteners for the automotive and heavy-duty aftermarket. The products are sold under the Dorman brand and its sub-brands OE Solutions, Help!, Conduct-Tite, Super ATV, etc., through aftermarket retailers, warehouse distributors, specialty markets, and salvage yards. The company operates through three business segments, which include Light Duty, Heavy Duty, and Specialty Vehicle. A majority of its revenue is generated from the Light Duty segment, which designs and markets replacement parts and fasteners mainly for passenger cars and light trucks. Geographically, it derives key revenue from the United States.
88GF Score
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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