IOT (Samsara) Beneish M-Score: -2.55 (As of Jun. 24, 2026)


IOT Samsara Inc IOT
76 GF Score
Price $31.24
GF Value $56.17
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Samsara Beneish M-Score?

Samsara IOT -0.16% 76 Beneish M-Score is -2.55 as of Jun. 24, 2026. GuruFocus rates IOT with a GF Score™ of 76/100 and a GF Value™ of $56.17 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,633 Software companies, Samsara ranks better than 50.55% 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 -2.55 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

IOT' s Beneish M-Score Range Over the Past 10 Years
Min: -2.88   Med: -2.63   Max: -2.23
Current: -2.55

During the past 7 years, the highest Beneish M-Score of Samsara was -2.23. The lowest was -2.88. And the median was -2.63.


Samsara Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Samsara'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.

Samsara Beneish M-Score Chart

Samsara Annual Data
Trend Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Beneish M-Score
Get a 7-Day Free Trial 0.00 -2.23 -2.65 -2.88 -2.57

Samsara Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 -2.72 -2.70 -2.59 -2.57 -2.55

IOT vs OKTA, FFIV, AKAM: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, Samsara'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.


Samsara Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Samsara's Beneish M-Score distribution charts can be found below:

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


IOT
76GF Score
Samsara Inc IOT
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Samsara 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 Samsara 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 * 1.0158+0.528 * 1.0043+0.404 * 0.9409+0.892 * 1.296+0.115 * 1.0807
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8679+4.679 * -0.079378-0.327 * 0.9501
=-2.55

* 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 (Apr26) TTM:Last Year (Apr25) TTM:
Total Receivables was $285 Mil.
Revenue was 478.844 + 444.296 + 415.975 + 391.48 = $1,731 Mil.
Gross Profit was 361.143 + 338.381 + 319.011 + 300.979 = $1,320 Mil.
Total Current Assets was $1,478 Mil.
Total Assets was $2,614 Mil.
Property, Plant and Equipment(Net PPE) was $142 Mil.
Depreciation, Depletion and Amortization(DDA) was $27 Mil.
Selling, General, & Admin. Expense(SGA) was $973 Mil.
Total Current Liabilities was $912 Mil.
Long-Term Debt & Capital Lease Obligation was $57 Mil.
Net Income was 44.508 + 22.038 + 7.766 + -16.8 = $58 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0 Mil.
Cash Flow from Operations was 81.413 + 69.733 + 63.704 + 50.161 = $265 Mil.
Total Receivables was $216 Mil.
Revenue was 366.884 + 346.29 + 321.981 + 300.202 = $1,335 Mil.
Gross Profit was 283.715 + 265.986 + 245.954 + 226.837 = $1,022 Mil.
Total Current Assets was $1,133 Mil.
Total Assets was $2,074 Mil.
Property, Plant and Equipment(Net PPE) was $103 Mil.
Depreciation, Depletion and Amortization(DDA) was $21 Mil.
Selling, General, & Admin. Expense(SGA) was $865 Mil.
Total Current Liabilities was $741 Mil.
Long-Term Debt & Capital Lease Obligation was $68 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)
=(284.979 / 1730.595) / (216.469 / 1335.357)
=0.164671 / 0.162106
=1.0158

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)
=(1022.492 / 1335.357) / (1319.514 / 1730.595)
=0.765707 / 0.762463
=1.0043

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 - (1478.298 + 141.683) / 2614.07) / (1 - (1132.875 + 102.649) / 2073.617)
=0.380284 / 0.40417
=0.9409

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
=1730.595 / 1335.357
=1.296

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))
=(21.336 / (21.336 + 102.649)) / (26.834 / (26.834 + 141.683))
=0.172085 / 0.159236
=1.0807

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)
=(972.726 / 1730.595) / (864.86 / 1335.357)
=0.562076 / 0.647662
=0.8679

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)
=((56.967 + 912.132) / 2614.07) / ((67.948 + 741.156) / 2073.617)
=0.370724 / 0.39019
=0.9501

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
=(57.512 - 0 - 265.011) / 2614.07
=-0.079378

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.

Samsara has a M-score of -2.55 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 -2.55 mean?
Samsara (IOT) has a Beneish M-Score of -2.55 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Samsara and its competitors. According to the industry distribution chart, Samsara ranks #1302 out of 2633 companies in the Software industry, placing it in the top 49.4%.
Is Samsara's Beneish M-Score too high?
Samsara's current Beneish M-Score is -2.55. Based on the distribution chart, Samsara ranks #1302 out of 2633 companies in the Software industry, which is above the industry midpoint. Overall, Samsara has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Samsara's Beneish M-Score compare to OKTA and FFIV?
According to the Software industry distribution chart, Samsara ranks #1302 out of 2633 companies for Beneish M-Score. This puts Samsara 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 Software company?
A good Beneish M-Score depends on the Software 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 Samsara and its competitors. Samsara's current Beneish M-Score is -2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Samsara stock overvalued right now?
Based on GuruFocus' analysis, Samsara (IOT) is currently considered Significantly Undervalued. The stock's GF Value™ is $56.17, compared to a current price of $31.24 — trading 44.4% below its estimated fair value. The current Beneish M-Score is -2.55. Samsara's overall GF Score™ is 76/100 with 1 warning sign 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 Samsara (IOT), the current Beneish M-Score is -2.55 as of Jun. 24, 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 Samsara (IOT) Overvalued in 2026?

Based on GuruFocus' analysis, Samsara stock appears to be undervalued. The current stock price of $31.24 is trading 44.4% below its estimated GF Value™ of $56.17. GuruFocus considers Samsara to be Significantly Undervalued.

Key valuation signals for IOT:

  • Beneish M-Score: -2.55
  • GF Value™: $56.17 vs. price of $31.24 (44.4% below fair value)
  • GF Score™: 76/100 with 1 warning sign

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


Samsara Business Description

Other Exchanges IOT:MexicoYL8:Germany
Address 1 De Haro Street, San Francisco, CA, USA, 94107
Samsara Inc provides an end-to-end solution for operations. The company's Connected Operations Platform consolidates data from its IoT devices and a growing ecosystem of connected assets and third-party systems, and makes it easy for organizations to access, analyze, and act on data insights using its cloud dashboard, custom alerts and reports, mobile apps, and workflows. The company derives almost all of its revenue from subscription services. Geographically, it derives a majority of its revenue from the United States. The company's customers range from small and medium-sized businesses to state and local governments.
76GF Score

Get the complete analysis for IOT

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

$31.24
Price
$56.17
GF Value