Ichor HoldingsICHR +0.79%60 Beneish M-Score is -2.49 as of Jun. 25, 2026. GuruFocus rates ICHR with a GF Score™ of 60/100 and a GF Value™ of $31.07 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 987 Semiconductors companies, Ichor Holdings ranks better than 53.8% 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 -2.49 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Ichor Holdings's Beneish M-Score or its related term are showing as below:
ICHR'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.35 Med: -2.49 Max: -1.33
Current: -2.49
During the past 12 years, the highest Beneish M-Score of Ichor Holdings was -1.33. The lowest was -3.35. And the median was -2.49.
Ichor Holdings Beneish M-Score Related Terms
Ichor Holdings Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Ichor 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.
ICHR vs COHU, AEHR, PLAB: Beneish M-Score Comparison
For the Semiconductor Equipment & Materials subindustry, Ichor 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.
Ichor Holdings Beneish M-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Ichor Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Ichor Holdings'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 Ichor 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 * 1.0838
+
0.528 * 1.2791
+
0.404 * 1.0107
+
0.892 * 1.0753
+
0.115 * 0.9169
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0954
+
4.679 * -0.058372
-
0.327 * 1.025
=
-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))
=
(31.246 / (31.246 + 145.604))
/
(33.101 / (33.101 + 138.677))
=
0.176681
/
0.192696
=
0.9169
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
=
(-50.691 - -1.916
-
7.992)
/
972.502
=
-0.058372
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.
Ichor Holdings has a M-score of -2.49 suggests that the company is unlikely to be a manipulator.
Ichor Holdings (ICHR) has a Beneish M-Score of -2.49 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ichor Holdings and its competitors. According to the industry distribution chart, Ichor Holdings ranks #456 out of 987 companies in the Semiconductors industry, placing it in the top 46.2%.
Is Ichor Holdings' Beneish M-Score too high?
Ichor Holdings' current Beneish M-Score is -2.49. Based on the distribution chart, Ichor Holdings ranks #456 out of 987 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Ichor Holdings has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ichor Holdings' Beneish M-Score compare to COHU and AEHR?
According to the Semiconductors industry distribution chart, Ichor Holdings ranks #456 out of 987 companies for Beneish M-Score. This puts Ichor 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 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 Ichor Holdings and its competitors. Ichor Holdings's current Beneish M-Score is -2.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichor Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ichor Holdings (ICHR) is currently considered Significantly Overvalued. The stock's GF Value™ is $31.07, compared to a current price of $90.09 — trading 189.9% above its estimated fair value. The current Beneish M-Score is -2.49. Ichor Holdings' overall GF Score™ is 60/100 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 Ichor Holdings (ICHR), the current Beneish M-Score is -2.49 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 Ichor Holdings (ICHR) Overvalued in 2026?
Based on GuruFocus' analysis, Ichor Holdings stock appears to be overvalued.
The current stock price of $90.09 is trading 189.9% above its estimated GF Value™ of $31.07.
GuruFocus considers Ichor Holdings to be Significantly Overvalued.
Key valuation signals for ICHR:
Beneish M-Score: -2.49
GF Value™: $31.07 vs. price of $90.09 (189.9% above fair value)
No single metric tells the full story. See the ICHR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ichor Holdings Ltd designs, engineers, and manufactures critical fluid delivery subsystems and components mainly for semiconductor capital equipment, along with solutions for defense/aerospace and medical industries. Its product portfolio includes gas and chemical delivery subsystems that enable precise delivery, monitoring, and control of specialized gases and reactive liquid chemistries used in semiconductor manufacturing processes such as etch, electroplating, and cleaning. The company also provides precision-machined components, weldments, e-beam and laser-welded components, as well as precision vacuum and hydrogen brazing. Geographically, the company operates across the United States, Singapore, Europe, and other regions, with Singapore contributing the majority of revenue.
60GF Score
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