HUBB (Hubbell) Beneish M-Score: -2.52 (As of Jun. 25, 2026)

What is Hubbell Beneish M-Score?

Hubbell HUBB +1.61% 91 Beneish M-Score is -2.52 as of Jun. 25, 2026. GuruFocus rates HUBB with a GF Score™ of 91/100 and a GF Value™ of $445.69 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 2,926 Industrial Products companies, Hubbell ranks better than 56.08% 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 -2.52 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

HUBB' s Beneish M-Score Range Over the Past 10 Years
Min: -2.98 Med: -2.52 Max: -2.25
Current: -2.52

During the past 13 years, the highest Beneish M-Score of Hubbell was -2.25. The lowest was -2.98. And the median was -2.52.

Hubbell Beneish M-Score Related Terms

Hubbell Beneish M-Score Historical Data

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The historical data trend for Hubbell'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.

Hubbell Beneish M-Score Chart

Hubbell Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.38

-2.47

-2.53

-2.60

-2.44

Hubbell 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															-2.49	-2.52	-2.56	-2.44	-2.52

HUBB vs NVT, FPS, AEIS: Beneish M-Score Comparison

For the Electrical Equipment & Parts subindustry, Hubbell'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.

Hubbell Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hubbell's Beneish M-Score distribution charts can be found below:

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

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91GF Score

Hubbell Inc HUBB

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Hubbell 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 Hubbell for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.0079

0.528 * 0.9648

0.404 * 0.9995

0.892 * 1.0718

0.115 * 1.0332

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0247

4.679 * -0.017534

0.327 * 1.0437

-2.52

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was $974 Mil.
Revenue was 1516.7 + 1492.7 + 1502.4 + 1484.3 = $5,996 Mil.
Gross Profit was 505.3 + 525.1 + 544.3 + 552.1 = $2,127 Mil.
Total Current Assets was $2,802 Mil.
Total Assets was $8,418 Mil.
Property, Plant and Equipment(Net PPE) was $843 Mil.
Depreciation, Depletion and Amortization(DDA) was $219 Mil.
Selling, General, & Admin. Expense(SGA) was $885 Mil.
Total Current Liabilities was $1,775 Mil.
Long-Term Debt & Capital Lease Obligation was $2,159 Mil.
Net Income was 181.8 + 224.2 + 255.5 + 244.2 = $906 Mil.
Non Operating Income was -5.4 + -7.8 + -5.9 + -6.6 = $-26 Mil.
Cash Flow from Operations was 86.6 + 447.5 + 284.3 + 260.6 = $1,079 Mil.

Total Receivables was $902 Mil.
Revenue was 1365.2 + 1334.3 + 1442.6 + 1452.5 = $5,595 Mil.
Gross Profit was 442.6 + 452.2 + 506 + 513.8 = $1,915 Mil.
Total Current Assets was $2,262 Mil.
Total Assets was $6,922 Mil.
Property, Plant and Equipment(Net PPE) was $734 Mil.
Depreciation, Depletion and Amortization(DDA) was $199 Mil.
Selling, General, & Admin. Expense(SGA) was $806 Mil.
Total Current Liabilities was $1,938 Mil.
Long-Term Debt & Capital Lease Obligation was $1,161 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)
	=	(974.4 / 5996.1)	/	(902 / 5594.6)
	=	0.162506	/	0.161227
	=	1.0079

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)
	=	(1914.6 / 5594.6)	/	(2126.8 / 5996.1)
	=	0.342223	/	0.354697
	=	0.9648

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 - (2802.4 + 843.4) / 8417.7)	/	(1 - (2261.8 + 734.4) / 6922.1)
	=	0.566889	/	0.567154
	=	0.9995

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
	=	5996.1	/	5594.6
	=	1.0718

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))
	=	(199.1 / (199.1 + 734.4))	/	(219.4 / (219.4 + 843.4))
	=	0.213283	/	0.206436
	=	1.0332

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)
	=	(884.6 / 5996.1)	/	(805.5 / 5594.6)
	=	0.147529	/	0.143978
	=	1.0247

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)
	=	((2158.5 + 1775) / 8417.7)	/	((1161 + 1938.3) / 6922.1)
	=	0.467289	/	0.44774
	=	1.0437

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
	=	(905.7 - -25.7	-	1079)	/	8417.7
	=	-0.017534

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.

Hubbell has a M-score of -2.52 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 -2.52 mean?

Hubbell (HUBB) has a Beneish M-Score of -2.52 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hubbell and its competitors. According to the industry distribution chart, Hubbell ranks #1285 out of 2926 companies in the Industrial Products industry, placing it in the top 43.9%.

Is Hubbell's Beneish M-Score too high?

Hubbell's current Beneish M-Score is -2.52. Based on the distribution chart, Hubbell ranks #1285 out of 2926 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Hubbell has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Hubbell's Beneish M-Score compare to NVT and FPS?

According to the Industrial Products industry distribution chart, Hubbell ranks #1285 out of 2926 companies for Beneish M-Score. This puts Hubbell 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 an Industrial Products company?

A good Beneish M-Score depends on the Industrial Products 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 Hubbell and its competitors. Hubbell's current Beneish M-Score is -2.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hubbell stock overvalued right now?

Based on GuruFocus' analysis, Hubbell (HUBB) is currently considered Modestly Overvalued. The stock's GF Value™ is $445.69, compared to a current price of $518.18 — trading 16.3% above its estimated fair value. The current Beneish M-Score is -2.52. Hubbell's overall GF Score™ is 91/100 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 Hubbell (HUBB), the current Beneish M-Score is -2.52 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 Hubbell (HUBB) Overvalued in 2026?

Based on GuruFocus' analysis, Hubbell stock appears to be overvalued. The current stock price of $518.18 is trading 16.3% above its estimated GF Value™ of $445.69. GuruFocus considers Hubbell to be Modestly Overvalued.

Key valuation signals for HUBB:

Beneish M-Score: -2.52
GF Value™: $445.69 vs. price of $518.18 (16.3% above fair value)
GF Score™: 91/100 with 6 warning signs

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

Hubbell Business Description

Industry Industrials Industrial Products

Comparable Companies NVT FPS AEIS POWL AYI ENS PLUG HAYW TE AMPX SZSE:300750 XSWX:ABBN BKK:DELTA VRT TSE:6503 BE XKRX:373220 SZSE:300274 MIL:PRY XPAR:LR

Other Exchanges HUBB:Mexico HUEC:Germany

Address 40 Waterview Drive, Shelton, CT, USA, 06484

Website https://www.hubbell.com

Founded in 1888 by Harvey Hubbell, the eponymous company was the conduit through which the pull-chain lamp socket was originally sold. Hubbell has since grown into an electricity transmission and distribution behemoth, housing more than 75 brands that sell components found on power lines, in electrical substations, and in commercial and industrial buildings. The company's primary operations are in the United States, where around 90% of revenue is derived.

91GF Score

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

$518.18

Price

$445.69

GF Value

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