GCTS (GCT Semiconductor Holding) Beneish M-Score: -7.30 (As of Jun. 25, 2026)


What is GCT Semiconductor Holding Beneish M-Score?

GCT Semiconductor Holding GCTS -5.00% Beneish M-Score is -7.30 as of Jun. 25, 2026. The stock has 8 warning signs investors should review. Among 987 Semiconductors companies, GCT Semiconductor Holding ranks better than 98.78% 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 -7.3 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for GCT Semiconductor Holding's Beneish M-Score or its related term are showing as below:

GCTS' s Beneish M-Score Range Over the Past 10 Years
Min: -146.72   Med: -4.74   Max: -2.21
Current: -7.3

During the past 5 years, the highest Beneish M-Score of GCT Semiconductor Holding was -2.21. The lowest was -146.72. And the median was -4.74.

GCT Semiconductor Holding Beneish M-Score Historical Data

* Premium members only.

The historical data trend for GCT Semiconductor Holding'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.

GCT Semiconductor Holding Beneish M-Score Chart

GCT Semiconductor Holding Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 -2.21 -7.49

GCT Semiconductor Holding Quarterly Data
Dec21 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 -3.84 -4.74 -146.72 -7.49 -7.30

GCTS vs MX, GSIT, QUIK: Beneish M-Score Comparison

For the Semiconductors subindustry, GCT Semiconductor Holding'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.

GCT Semiconductor Holding Beneish M-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, GCT Semiconductor Holding's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where GCT Semiconductor Holding's Beneish M-Score falls into.


GCT Semiconductor Holding 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 GCT Semiconductor Holding 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 * 1.1176+0.528 * -2.2612+0.404 * 0.5265+0.892 * 0.6746+0.115 * 1.3311
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 2.1184+4.679 * -0.557199-0.327 * 0.8753
=-7.30

* 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 $7.61 Mil.
Revenue was 1.92 + 0.758 + 0.43 + 1.182 = $4.29 Mil.
Gross Profit was 0.947 + -1.233 + -1.05 + 0.378 = $-0.96 Mil.
Total Current Assets was $19.04 Mil.
Total Assets was $22.38 Mil.
Property, Plant and Equipment(Net PPE) was $2.98 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.56 Mil.
Selling, General, & Admin. Expense(SGA) was $20.89 Mil.
Total Current Liabilities was $74.54 Mil.
Long-Term Debt & Capital Lease Obligation was $5.66 Mil.
Net Income was -9.864 + -9.017 + -13.849 + -13.538 = $-46.27 Mil.
Non Operating Income was -1.795 + 5.158 + -2.634 + -4.375 = $-3.65 Mil.
Cash Flow from Operations was -7.429 + -7.223 + -6.863 + -8.638 = $-30.15 Mil.
 Total Receivables was $10.10 Mil.
Revenue was 0.496 + 1.785 + 2.61 + 1.468 = $6.36 Mil.
Gross Profit was 0.088 + 0.576 + 1.626 + 0.921 = $3.21 Mil.
Total Current Assets was $15.41 Mil.
Total Assets was $17.48 Mil.
Property, Plant and Equipment(Net PPE) was $1.53 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.28 Mil.
Selling, General, & Admin. Expense(SGA) was $14.62 Mil.
Total Current Liabilities was $71.43 Mil.
Long-Term Debt & Capital Lease Obligation was $0.12 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)
=(7.613 / 4.29) / (10.097 / 6.359)
=1.774592 / 1.587828
=1.1176

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)
=(3.211 / 6.359) / (-0.958 / 4.29)
=0.504954 / -0.22331
=-2.2612

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 - (19.037 + 2.983) / 22.378) / (1 - (15.414 + 1.531) / 17.476)
=0.015998 / 0.030385
=0.5265

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
=4.29 / 6.359
=0.6746

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))
=(1.284 / (1.284 + 1.531)) / (1.555 / (1.555 + 2.983))
=0.456128 / 0.342662
=1.3311

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)
=(20.891 / 4.29) / (14.618 / 6.359)
=4.869697 / 2.298789
=2.1184

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)
=((5.66 + 74.535) / 22.378) / ((0.12 + 71.427) / 17.476)
=3.583654 / 4.094015
=0.8753

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
=(-46.268 - -3.646 - -30.153) / 22.378
=-0.557199

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.

GCT Semiconductor Holding has a M-score of -7.30 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 -7.30 mean?
GCT Semiconductor Holding (GCTS) has a Beneish M-Score of -7.30 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on GCT Semiconductor Holding and its competitors. According to the industry distribution chart, GCT Semiconductor Holding ranks #12 out of 987 companies in the Semiconductors industry, placing it in the top 1.2%.
Is GCT Semiconductor Holding's Beneish M-Score too high?
GCT Semiconductor Holding's current Beneish M-Score is -7.30. Based on the distribution chart, GCT Semiconductor Holding ranks #12 out of 987 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers.
How does GCT Semiconductor Holding's Beneish M-Score compare to MX and GSIT?
According to the Semiconductors industry distribution chart, GCT Semiconductor Holding ranks #12 out of 987 companies for Beneish M-Score. This places GCT Semiconductor Holding in the top 1% 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 a Semiconductors company?
A good Beneish M-Score depends on the Semiconductors 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 GCT Semiconductor Holding and its competitors. GCT Semiconductor Holding's current Beneish M-Score is -7.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GCT Semiconductor Holding stock overvalued right now?
GCT Semiconductor Holding (GCTS) has a current Beneish M-Score of -7.30. The current Beneish M-Score is -7.30. 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 GCT Semiconductor Holding (GCTS), the current Beneish M-Score is -7.30 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.

GCT Semiconductor Holding Business Description

Address 2290 North 1st Street, Suite 201, San Jose, CA, USA, 95131
GCT Semiconductor Holding Inc is a designer and supplier of 5G and 4G LTE semiconductor solutions. It enabled fast and reliable 4G LTE connectivity to numerous commercial devices such as CPEs, mobile hotspots, routers, M2M applications, and smartphones, etc. The system-on-chip solutions integrate radio frequency, baseband modem, and digital signal processing functions, therefore offering complete 4G and 5G platform solutions with small form factors, low power consumption, high performance, high reliability, and cost-effectiveness. Geographically, operates in South Korea and the United States, with maximum revenue from the USA.