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Intchains GroupICG -0.12%55 Beneish M-Score is 2.49 as of Jul. 19, 2026, which is 82% above its 10-year median of 1.37. GuruFocus rates ICG with a GF Score™ of 55/100 and a GF Value™ of $5.71 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 987 Semiconductors companies, Intchains Group ranks worse than 98.07% 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 2.49 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Intchains Group's Beneish M-Score or its related term are showing as below:
ICG'
s Beneish M-Score Range Over the Past 10 Years
Min: 0.24 Med: 1.37 Max: 2.49
Current: 2.49
During the past 7 years, the highest Beneish M-Score of Intchains Group was 2.49. The lowest was 0.24. And the median was 1.37.
Intchains Group Beneish M-Score Related Terms
Intchains Group Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Intchains Group'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.
For the Semiconductors subindustry, Intchains Group'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.
Intchains Group Beneish M-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Intchains Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Intchains Group'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 Intchains Group 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 * 2.2965
+
0.528 * 8.4719
+
0.404 * 1.4764
+
0.892 * 0.7863
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.4308
+
4.679 * -0.048597
-
0.327 * 0.6084
=
2.49
* 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))
=
(0 / (0 + 21.61))
/
(0 / (0 + 20.258))
=
0
/
0
=
1
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
=
(-6.835 - 0.171
-
0)
/
144.166
=
-0.048597
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.
Intchains Group has a M-score of 2.49 signals that the company is likely to be a manipulator.
Intchains Group (ICG) has a Beneish M-Score of 2.49 as of Jul. 19, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Intchains Group and its competitors. This is 82% above median its historical median of 1.37. Over the past decade, Intchains Group's Beneish M-Score has ranged from 0.24 to 2.49. According to the industry distribution chart, Intchains Group ranks #968 out of 987 companies in the Semiconductors industry, placing it in the top 98.1%.
Is Intchains Group's Beneish M-Score too high?
Intchains Group's current Beneish M-Score of 2.49 is 82% above median its 10-year median of 1.37. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 2.49. Based on the distribution chart, Intchains Group ranks #968 out of 987 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Intchains Group has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Intchains Group's Beneish M-Score compare to NA and PXLW?
According to the Semiconductors industry distribution chart, Intchains Group ranks #968 out of 987 companies for Beneish M-Score. This places Intchains Group in the lower half of its industry. Historically, Intchains Group's own Beneish M-Score has ranged from 0.24 to 2.49 over the past decade. 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 Intchains Group and its competitors. Intchains Group's current Beneish M-Score is 2.49, which is 82% above median its own 10-year median of 1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intchains Group stock overvalued right now?
Based on GuruFocus' analysis, Intchains Group (ICG) is currently considered Possible Value Trap. The stock's GF Value™ is $5.71, compared to a current price of $0.81 — trading 85.8% below its estimated fair value. The current Beneish M-Score is 2.49, which is 82% above median its 10-year median of 1.37. Intchains Group's overall GF Score™ is 55/100 with 5 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 Intchains Group (ICG), the current Beneish M-Score is 2.49 as of Jul. 19, 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 Intchains Group (ICG) Overvalued in 2026?
Based on GuruFocus' analysis, Intchains Group stock appears to be undervalued.
The current stock price of $0.81 is trading 85.8% below its estimated GF Value™ of $5.71.
GuruFocus considers Intchains Group to be Possible Value Trap.
Key valuation signals for ICG:
Beneish M-Score: 2.49 (82% above median its 10-year median of 1.37)
GF Value™: $5.71 vs. price of $0.81 (85.8% below fair value)
No single metric tells the full story. See the ICG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Intchains Group Ltd is an inventive altcoins development company that engages in the provision of altcoin mining products, the strategic acquisition and holding of Ethereum-based cryptocurrencies and the active development of inventive Web3 applications. The company offers high-performance mining products including altcoin mining machines incorporating its ASIC chips that have high computing power and superior power efficiency, ASIC chips and ancillary software and hardware, all of which cater to the evolving needs of the blockchain industry. Geographically, it operates in Mainland China, Hong Kong, and Other countries or regions.
55GF Score
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