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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.
Warning Sign:
Beneish M-Score -1.05 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for FTAI Aviation's Beneish M-Score or its related term are showing as below:
FTAI'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.26 Med: -2.16 Max: 1.11
Current: -1.05
During the past 13 years, the highest Beneish M-Score of FTAI Aviation was 1.11. The lowest was -3.26. And the median was -2.16.
The historical data trend for FTAI Aviation'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.
FTAI vs WWD, ARXS, TXT: Beneish M-Score Comparison
For the Aerospace & Defense subindustry, FTAI Aviation'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.
FTAI Aviation Beneish M-Score vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, FTAI Aviation's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where FTAI Aviation'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 FTAI Aviation 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 * 0.583
+
0.528 * 1.1806
+
0.404 * 1.8035
+
0.892 * 1.4526
+
0.115 * 0.7419
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.4485
+
4.679 * 0.19479
-
0.327 * 0.947
=
-1.05
* 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))
=
(271.164 / (271.164 + 2003.85))
/
(245.206 / (245.206 + 1281.115))
=
0.119192
/
0.160652
=
0.7419
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
=
(496.273 - 61.594
-
-439.764)
/
4489.162
=
0.19479
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.
FTAI Aviation has a M-score of -1.05 signals that the company is likely to be a manipulator.
FTAI Aviation (FTAI) has a Beneish M-Score of -1.05 as of Aug. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on FTAI Aviation and its competitors. According to the industry distribution chart, FTAI Aviation ranks #288 out of 326 companies in the Aerospace & Defense industry, placing it in the top 88.3%.
Is FTAI Aviation's Beneish M-Score too high?
FTAI Aviation's current Beneish M-Score is -1.05. Based on the distribution chart, FTAI Aviation ranks #288 out of 326 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, FTAI Aviation has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does FTAI Aviation's Beneish M-Score compare to WWD and ARXS?
According to the Aerospace & Defense industry distribution chart, FTAI Aviation ranks #288 out of 326 companies for Beneish M-Score. This places FTAI Aviation 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 an Aerospace & Defense company?
A good Beneish M-Score depends on the Aerospace & Defense 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 FTAI Aviation and its competitors. FTAI Aviation's current Beneish M-Score is -1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FTAI Aviation stock overvalued right now?
Based on GuruFocus' analysis, FTAI Aviation (FTAI) is currently considered Fairly Valued. The stock's GF Value™ is $231.18, compared to a current price of $221.22 — trading 4.3% below its estimated fair value. The current Beneish M-Score is -1.05. FTAI Aviation's overall GF Score™ is 89/100 with 5 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 FTAI Aviation (FTAI), the current Beneish M-Score is -1.05 as of Aug. 06, 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 FTAI Aviation (FTAI) Overvalued in 2026?
Based on GuruFocus' analysis, FTAI Aviation stock appears to be undervalued.
The current stock price of $221.22 is trading 4.3% below its estimated GF Value™ of $231.18.
GuruFocus considers FTAI Aviation to be Fairly Valued.
Key valuation signals for FTAI:
Beneish M-Score: -1.05
GF Value™: $231.18 vs. price of $221.22 (4.3% below fair value)
No single metric tells the full story. See the FTAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FTAI Aviation Ltd is an independent engine maintenance platform focused on the CFM56-5B, CFM56-7B, and V2500 aircraft engines, which power the 737NG and A320ceo aircraft. The company repairs and rebuilds engines in its maintenance facilities and with joint venture partners, and sells or leases engines through its proprietary Maintenance, Repair and Exchange (MRE) model under the Aerospace Products segment, which earns maximum revenue from North America and develops, repairs/refurbishes, and sells aircraft engines and aftermarket components. It also operates an Aviation Leasing segment, owning and managing a portfolio of on- and off-lease aircraft and engines, including engine transfers for rebuilding and sales.
89GF 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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