IES HoldingsIESC +5.20%85 Beneish M-Score is -2.39 as of Jun. 25, 2026. GuruFocus rates IESC with a GF Score™ of 85/100 and a GF Value™ of $261.71 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,704 Construction companies, IES Holdings ranks worse than 56.92% 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 -2.39 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for IES Holdings's Beneish M-Score or its related term are showing as below:
IESC'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.2 Med: -2.39 Max: 0.1
Current: -2.39
During the past 13 years, the highest Beneish M-Score of IES Holdings was 0.10. The lowest was -3.20. And the median was -2.39.
IES Holdings Beneish M-Score Related Terms
IES Holdings Beneish M-Score Historical Data
* Premium members only.
The historical data trend for IES 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.
For the Engineering & Construction subindustry, IES 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.
IES Holdings Beneish M-Score vs Construction Industry
For the Construction industry and Industrials sector, IES Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where IES 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 IES 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 * 1.0776
+
0.528 * 0.9417
+
0.404 * 0.8665
+
0.892 * 1.1616
+
0.115 * 1.4614
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0302
+
4.679 * -0.015004
-
0.327 * 1.0504
=
-2.39
* 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))
=
(44.7 / (44.7 + 230.484))
/
(52.671 / (52.671 + 421.199))
=
0.162437
/
0.111151
=
1.4614
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
=
(380.368 - 55.308
-
354.979)
/
1994.038
=
-0.015004
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.
IES Holdings has a M-score of -2.39 suggests that the company is unlikely to be a manipulator.
IES Holdings (IESC) has a Beneish M-Score of -2.39 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on IES Holdings and its competitors. According to the industry distribution chart, IES Holdings ranks #970 out of 1704 companies in the Construction industry, placing it in the top 56.9%.
Is IES Holdings' Beneish M-Score too high?
IES Holdings' current Beneish M-Score is -2.39. Based on the distribution chart, IES Holdings ranks #970 out of 1704 companies in the Construction industry, which is below the industry midpoint. Overall, IES Holdings has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IES Holdings' Beneish M-Score compare to J and BLD?
According to the Construction industry distribution chart, IES Holdings ranks #970 out of 1704 companies for Beneish M-Score. This places IES Holdings 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 Construction company?
A good Beneish M-Score depends on the Construction 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 IES Holdings and its competitors. IES Holdings's current Beneish M-Score is -2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IES Holdings stock overvalued right now?
Based on GuruFocus' analysis, IES Holdings (IESC) is currently considered Significantly Overvalued. The stock's GF Value™ is $261.71, compared to a current price of $747.49 — trading 185.6% above its estimated fair value. The current Beneish M-Score is -2.39. IES Holdings' overall GF Score™ is 85/100 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 IES Holdings (IESC), the current Beneish M-Score is -2.39 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 IES Holdings (IESC) Overvalued in 2026?
Based on GuruFocus' analysis, IES Holdings stock appears to be overvalued.
The current stock price of $747.49 is trading 185.6% above its estimated GF Value™ of $261.71.
GuruFocus considers IES Holdings to be Significantly Overvalued.
Key valuation signals for IESC:
Beneish M-Score: -2.39
GF Value™: $261.71 vs. price of $747.49 (185.6% above fair value)
No single metric tells the full story. See the IESC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IES Holdings Inc owns and manages subsidiaries that design and installs integrated electrical and technology systems and provide infrastructure products and services. It has four business segments; Communications, Residential, Infrastructure Solutions, and Commercial & Industrial. The majority of the revenue for the company is generated from its Residential segment in which the company provides electrical installation services for single-family housing and multi-family apartment complexes, as well as heating, ventilation, and air conditioning (HVAC) and plumbing installation services. This segment also provides services for installing residential solar power, both for new construction and existing residences.
85GF Score
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