Amentum Holdings (HAM:ZI7) Beneish M-Score: -2.60 (As of Jun. 27, 2026)


HAM:ZI7 Amentum Holdings Inc HAM:ZI7
16 GF Score
Price €17.56
! 3 Warning Signs
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What is Amentum Holdings Beneish M-Score?

Amentum Holdings HAM:ZI7 -0.68% 16 Beneish M-Score is -2.60 as of Jun. 27, 2026. GuruFocus rates HAM:ZI7 with a GF Score™ of 16/100. The stock has 3 warning signs investors should review. Among 1,020 Business Services companies, Amentum Holdings ranks better than 54.71% 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 -2.6 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

HAM:ZI7' s Beneish M-Score Range Over the Past 10 Years
Min: -2.65   Med: -2.5   Max: -1.84
Current: -2.6

During the past 5 years, the highest Beneish M-Score of Amentum Holdings was -1.84. The lowest was -2.65. And the median was -2.50.


Amentum Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Amentum 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.

Amentum Holdings Beneish M-Score Chart

Amentum Holdings Annual Data
Trend Sep21 Sep22 Sep23 Sep24 Sep25
Beneish M-Score
0.00 0.00 0.00 -1.84 -2.50

Amentum Holdings Quarterly Data
Sep22 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 -2.58 -2.65 -2.50 -2.47 -2.60

HAM:ZI7 vs DLB, UNF, AZZ: Beneish M-Score Comparison

For the Specialty Business Services subindustry, Amentum 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.


Amentum Holdings Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Amentum Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Amentum Holdings's Beneish M-Score falls into.


HAM:ZI7
16GF Score
Amentum Holdings Inc HAM:ZI7
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Amentum Holdings 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 Amentum 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 * 0.7984+0.528 * 0.9816+0.404 * 0.9951+0.892 * 1.1652+0.115 * 0.9119
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9439+4.679 * -0.034175-0.327 * 0.9542
=-2.68

* 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 €2,159 Mil.
Revenue was 3008.47 + 2764.398 + 3344.1 + 3087.387 = €12,204 Mil.
Gross Profit was 298.425 + 278.404 + 355.284 + 319.056 = €1,251 Mil.
Total Current Assets was €2,679 Mil.
Total Assets was €9,662 Mil.
Property, Plant and Equipment(Net PPE) was €91 Mil.
Depreciation, Depletion and Amortization(DDA) was €401 Mil.
Selling, General, & Admin. Expense(SGA) was €498 Mil.
Total Current Liabilities was €1,809 Mil.
Long-Term Debt & Capital Lease Obligation was €3,362 Mil.
Net Income was 46.71 + 37.576 + 34.08 + 8.67 = €127 Mil.
Non Operating Income was 20.76 + 17.934 + 5.112 + 13.005 = €57 Mil.
Cash Flow from Operations was 194.625 + -116.144 + 230.04 + 91.902 = €400 Mil.
Total Receivables was €2,321 Mil.
Revenue was 3229.175 + 3262.28 + 1993.012 + 1989.918 = €10,474 Mil.
Gross Profit was 339.475 + 344.755 + 178.398 + 191.374 = €1,054 Mil.
Total Current Assets was €3,021 Mil.
Total Assets was €11,104 Mil.
Property, Plant and Equipment(Net PPE) was €123 Mil.
Depreciation, Depletion and Amortization(DDA) was €357 Mil.
Selling, General, & Admin. Expense(SGA) was €453 Mil.
Total Current Liabilities was €1,940 Mil.
Long-Term Debt & Capital Lease Obligation was €4,288 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)
=(2159.04 / 12204.355) / (2320.825 / 10474.385)
=0.176907 / 0.221571
=0.7984

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)
=(1054.002 / 10474.385) / (1251.169 / 12204.355)
=0.100627 / 0.102518
=0.9816

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 - (2678.905 + 90.825) / 9662.05) / (1 - (3021.05 + 123.025) / 11103.7)
=0.713339 / 0.716844
=0.9951

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
=12204.355 / 10474.385
=1.1652

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))
=(356.881 / (356.881 + 123.025)) / (401.331 / (401.331 + 90.825))
=0.743648 / 0.815455
=0.9119

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)
=(498.477 / 12204.355) / (453.245 / 10474.385)
=0.040844 / 0.043272
=0.9439

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)
=((3362.255 + 1808.715) / 9662.05) / ((4288.3 + 1939.725) / 11103.7)
=0.535184 / 0.560896
=0.9542

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
=(127.036 - 56.811 - 400.423) / 9662.05
=-0.034175

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.

Amentum Holdings has a M-score of -2.68 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 -2.60 mean?
Amentum Holdings (HAM:ZI7) has a Beneish M-Score of -2.60 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Amentum Holdings and its competitors. According to the industry distribution chart, Amentum Holdings ranks #462 out of 1020 companies in the Business Services industry, placing it in the top 45.3%.
Is Amentum Holdings' Beneish M-Score too high?
Amentum Holdings' current Beneish M-Score is -2.60. Based on the distribution chart, Amentum Holdings ranks #462 out of 1020 companies in the Business Services industry, which is above the industry midpoint. Overall, Amentum Holdings has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Amentum Holdings' Beneish M-Score compare to DLB and UNF?
According to the Business Services industry distribution chart, Amentum Holdings ranks #462 out of 1020 companies for Beneish M-Score. This puts Amentum Holdings in the upper 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 Business Services company?
A good Beneish M-Score depends on the Business Services 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 Amentum Holdings and its competitors. Amentum Holdings's current Beneish M-Score is -2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amentum Holdings stock overvalued right now?
Amentum Holdings (HAM:ZI7) has a current Beneish M-Score of -2.60. The current Beneish M-Score is -2.60. Amentum Holdings' overall GF Score™ is 16/100 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 Amentum Holdings (HAM:ZI7), the current Beneish M-Score is -2.60 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.

Amentum Holdings Business Description

Address 4800 Westfields Boulevard, Suite No. 400, Chantilly, VA, USA, 20151
Amentum Holdings Inc is an engineering and technology solutions provider serving U.S. and allied government agencies, as well as international and commercial customers across energy and environmental, intelligence, space, defense, civilian and commercial markets. It provides environmental remediation, intelligence and counter-threat solutions, data analytics, engineering and integration, testing, training and citizen services. The company operates through two segments: Digital Solutions, offering digital and data-driven services, and Global Engineering Solutions, providing environmental remediation, nuclear power solutions, platform engineering, sustainment, and supply chain management. majority of its revenue comes from the Global Engineering Solutions segment and from the United States.
16GF 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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