HBB (Hamilton Beach Brands Holding Co) Beneish M-Score: -2.22 (As of Jun. 27, 2026)


HBB Hamilton Beach Brands Holding Co HBB
75 GF Score
Price $21.00
GF Value $16.87
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Hamilton Beach Brands Holding Co Beneish M-Score?

Hamilton Beach Brands Holding Co HBB +5.95% 75 Beneish M-Score is -2.22 as of Jun. 27, 2026. GuruFocus rates HBB with a GF Score™ of 75/100 and a GF Value™ of $16.87 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 419 Furnishings, Fixtures & Appliances companies, Hamilton Beach Brands Holding Co ranks worse than 74.22% 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 -2.22 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Hamilton Beach Brands Holding Co's Beneish M-Score or its related term are showing as below:

HBB' s Beneish M-Score Range Over the Past 10 Years
Min: -3.3   Med: -2.53   Max: -1.28
Current: -2.22

During the past 11 years, the highest Beneish M-Score of Hamilton Beach Brands Holding Co was -1.28. The lowest was -3.30. And the median was -2.53.


Hamilton Beach Brands Holding Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Hamilton Beach Brands Holding Co'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.

Hamilton Beach Brands Holding Co Beneish M-Score Chart

Hamilton Beach Brands Holding Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.44 -1.99 -3.16 -2.87 -2.48

Hamilton Beach Brands Holding Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.76 -2.12 -2.34 -2.48 -2.22

HBB vs FLXS, LOVE, LCUT: Beneish M-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Hamilton Beach Brands Holding Co'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.


Hamilton Beach Brands Holding Co Beneish M-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hamilton Beach Brands Holding Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Hamilton Beach Brands Holding Co's Beneish M-Score falls into.


HBB
75GF Score
Hamilton Beach Brands Holding Co HBB
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Hamilton Beach Brands Holding Co 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 Hamilton Beach Brands Holding Co 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 * 1.2016+0.528 * 0.978+0.404 * 0.8591+0.892 * 0.9025+0.115 * 0.5967
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0544+4.679 * 0.049091-0.327 * 0.8176
=-2.22

* 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 $89.3 Mil.
Revenue was 121.963 + 212.931 + 132.779 + 127.77 = $595.4 Mil.
Gross Profit was 36.192 + 60.225 + 28.026 + 35.131 = $159.6 Mil.
Total Current Assets was $283.7 Mil.
Total Assets was $370.1 Mil.
Property, Plant and Equipment(Net PPE) was $61.7 Mil.
Depreciation, Depletion and Amortization(DDA) was $7.3 Mil.
Selling, General, & Admin. Expense(SGA) was $120.1 Mil.
Total Current Liabilities was $95.1 Mil.
Long-Term Debt & Capital Lease Obligation was $85.2 Mil.
Net Income was 3.539 + 18.544 + 1.653 + 4.453 = $28.2 Mil.
Non Operating Income was -0.094 + 0.059 + -0.625 + 0.182 = $-0.5 Mil.
Cash Flow from Operations was 3.304 + 28.454 + 9.132 + -30.393 = $10.5 Mil.
Total Receivables was $82.3 Mil.
Revenue was 133.372 + 213.509 + 156.667 + 156.24 = $659.8 Mil.
Gross Profit was 32.771 + 55.755 + 43.902 + 40.496 = $172.9 Mil.
Total Current Assets was $313.4 Mil.
Total Assets was $418.0 Mil.
Property, Plant and Equipment(Net PPE) was $72.0 Mil.
Depreciation, Depletion and Amortization(DDA) was $4.8 Mil.
Selling, General, & Admin. Expense(SGA) was $126.2 Mil.
Total Current Liabilities was $158.8 Mil.
Long-Term Debt & Capital Lease Obligation was $90.2 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)
=(89.28 / 595.443) / (82.331 / 659.788)
=0.149939 / 0.124784
=1.2016

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)
=(172.924 / 659.788) / (159.574 / 595.443)
=0.26209 / 0.267992
=0.978

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 - (283.685 + 61.653) / 370.132) / (1 - (313.448 + 71.976) / 418.02)
=0.066987 / 0.077977
=0.8591

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
=595.443 / 659.788
=0.9025

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))
=(4.838 / (4.838 + 71.976)) / (7.276 / (7.276 + 61.653))
=0.062983 / 0.105558
=0.5967

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)
=(120.107 / 595.443) / (126.214 / 659.788)
=0.20171 / 0.191295
=1.0544

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)
=((85.181 + 95.101) / 370.132) / ((90.184 + 158.838) / 418.02)
=0.487075 / 0.595718
=0.8176

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
=(28.189 - -0.478 - 10.497) / 370.132
=0.049091

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.

Hamilton Beach Brands Holding Co has a M-score of -2.22 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 -2.22 mean?
Hamilton Beach Brands Holding Co (HBB) has a Beneish M-Score of -2.22 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hamilton Beach Brands Holding Co and its competitors. According to the industry distribution chart, Hamilton Beach Brands Holding Co ranks #311 out of 419 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 74.2%.
Is Hamilton Beach Brands Holding Co's Beneish M-Score too high?
Hamilton Beach Brands Holding Co's current Beneish M-Score is -2.22. Based on the distribution chart, Hamilton Beach Brands Holding Co ranks #311 out of 419 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Hamilton Beach Brands Holding Co has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hamilton Beach Brands Holding Co's Beneish M-Score compare to FLXS and LOVE?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Hamilton Beach Brands Holding Co ranks #311 out of 419 companies for Beneish M-Score. This places Hamilton Beach Brands Holding Co 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 Furnishings, Fixtures & Appliances company?
A good Beneish M-Score depends on the Furnishings, Fixtures & Appliances 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 Hamilton Beach Brands Holding Co and its competitors. Hamilton Beach Brands Holding Co's current Beneish M-Score is -2.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hamilton Beach Brands Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Hamilton Beach Brands Holding Co (HBB) is currently considered Modestly Overvalued. The stock's GF Value™ is $16.87, compared to a current price of $21.00 — trading 24.5% above its estimated fair value. The current Beneish M-Score is -2.22. Hamilton Beach Brands Holding Co's overall GF Score™ is 75/100 with 6 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 Hamilton Beach Brands Holding Co (HBB), the current Beneish M-Score is -2.22 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.

Is Hamilton Beach Brands Holding Co (HBB) Overvalued in 2026?

Based on GuruFocus' analysis, Hamilton Beach Brands Holding Co stock appears to be overvalued. The current stock price of $21.00 is trading 24.5% above its estimated GF Value™ of $16.87. GuruFocus considers Hamilton Beach Brands Holding Co to be Modestly Overvalued.

Key valuation signals for HBB:

  • Beneish M-Score: -2.22
  • GF Value™: $16.87 vs. price of $21.00 (24.5% above fair value)
  • GF Score™: 75/100 with 6 warning signs

No single metric tells the full story. See the HBB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hamilton Beach Brands Holding Co Business Description

Address 4421 Waterfront Drive, Glen Allen, VA, USA, 23060
Hamilton Beach Brands Holding Co, through its subsidiaries, is engaged in consumer, commercial, and specialty small appliances and specialty retail. It designs, markets, and distributes small branded electric household and specialty housewares small appliances, as well as commercial products for restaurants, bars, and hotels. It has two operating segments Home and Commercial Products segment includes consumer product revenue consisting of sales of small electric household and specialty housewares appliances whereas the health segment includes lease revenue associated with leases of connected devices to specialty pharmacy networks and pharmaceutical companies, as well as licensing revenue which grant customers the right to use software for healthcare management.
75GF Score

Get the complete analysis for HBB

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$21.00
Price
$16.87
GF Value