NVIDIAHAM:NVD -2.36%96 Beneish M-Score is -1.22 as of Jun. 25, 2026. GuruFocus rates HAM:NVD with a GF Score™ of 96/100 and a GF Value™ of €304.46 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 987 Semiconductors companies, NVIDIA ranks worse than 87.84% 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.
Warning Sign:
Beneish M-Score -1.22 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for NVIDIA's Beneish M-Score or its related term are showing as below:
HAM:NVD'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.3 Med: -1.89 Max: -0.45
Current: -1.22
During the past 13 years, the highest Beneish M-Score of NVIDIA was -0.45. The lowest was -3.30. And the median was -1.89.
NVIDIA Beneish M-Score Related Terms
NVIDIA Beneish M-Score Historical Data
* Premium members only.
The historical data trend for NVIDIA'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.
HAM:NVD vs AVGO, MU, AMD: Beneish M-Score Comparison
For the Semiconductors subindustry, NVIDIA'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.
NVIDIA Beneish M-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, NVIDIA's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where NVIDIA'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 NVIDIA 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 * 0.9473
+
0.404 * 1.6806
+
0.892 * 1.5811
+
0.115 * 1.1896
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.7547
+
4.679 * 0.034223
-
0.327 * 0.7299
=
-1.29
* 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))
=
(1906.358 / (1906.358 + 7961.94))
/
(2761.889 / (2761.889 + 14245.155))
=
0.19318
/
0.162397
=
1.1896
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
=
(136477.759 - 21475.368
-
107410.022)
/
221850.27
=
0.034223
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.
NVIDIA has a M-score of -1.29 signals that the company is likely to be a manipulator.
NVIDIA (HAM:NVD) has a Beneish M-Score of -1.22 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on NVIDIA and its competitors. According to the industry distribution chart, NVIDIA ranks #867 out of 987 companies in the Semiconductors industry, placing it in the top 87.8%.
Is NVIDIA's Beneish M-Score too high?
NVIDIA's current Beneish M-Score is -1.22. Based on the distribution chart, NVIDIA ranks #867 out of 987 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, NVIDIA has a GF Score™ of 96/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NVIDIA's Beneish M-Score compare to AVGO and MU?
According to the Semiconductors industry distribution chart, NVIDIA ranks #867 out of 987 companies for Beneish M-Score. This places NVIDIA 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 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 NVIDIA and its competitors. NVIDIA's current Beneish M-Score is -1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NVIDIA stock overvalued right now?
Based on GuruFocus' analysis, NVIDIA (HAM:NVD) is currently considered Possible Value Trap. The stock's GF Value™ is €304.46, compared to a current price of €173.82 — trading 42.9% below its estimated fair value. The current Beneish M-Score is -1.22. NVIDIA's overall GF Score™ is 96/100 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 NVIDIA (HAM:NVD), the current Beneish M-Score is -1.22 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 NVIDIA (HAM:NVD) Overvalued in 2026?
Based on GuruFocus' analysis, NVIDIA stock appears to be undervalued.
The current stock price of €173.82 is trading 42.9% below its estimated GF Value™ of €304.46.
GuruFocus considers NVIDIA to be Possible Value Trap.
Key valuation signals for HAM:NVD:
Beneish M-Score: -1.22
GF Value™: €304.46 vs. price of €173.82 (42.9% below fair value)
No single metric tells the full story. See the HAM:NVD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. GPU use cases have since emerged as important semiconductors used in artificial intelligence to run large language models. Nvidia not only offers AI GPUs, but also a software platform, Cuda, used for AI model development and training. Nvidia is also expanding its data center networking solutions, helping to tie GPUs together to handle complex workloads.
96GF Score
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