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 -9.23 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Laser Photonics's Beneish M-Score or its related term are showing as below:
LASE'
s Beneish M-Score Range Over the Past 10 Years
Min: -9.23 Med: -2.1 Max: 153.62
Current: -9.23
During the past 7 years, the highest Beneish M-Score of Laser Photonics was 153.62. The lowest was -9.23. And the median was -2.10.
Laser Photonics Beneish M-Score Related Terms
Laser Photonics Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Laser Photonics'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.
LASE vs SPPL, BURU, CVV: Beneish M-Score Comparison
For the Specialty Industrial Machinery subindustry, Laser Photonics'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.
Laser Photonics Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Laser Photonics's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Laser Photonics'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 Laser Photonics 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 * 0.5414
+
0.528 * -3.9409
+
0.404 * 0.3116
+
0.892 * 1.4041
+
0.115 * 0.8628
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9965
+
4.679 * -0.73856
-
0.327 * 2.0174
=
-9.23
* 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))
=
(1.024 / (1.024 + 6.372))
/
(0.989 / (0.989 + 5.174))
=
0.138453
/
0.160474
=
0.8628
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
=
(-18.722 - -3.592
-
-7.076)
/
10.905
=
-0.73856
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.
Laser Photonics has a M-score of -9.23 suggests that the company is unlikely to be a manipulator.
Laser Photonics (LASE) has a Beneish M-Score of -9.23 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Laser Photonics and its competitors. According to the industry distribution chart, Laser Photonics ranks #12 out of 2926 companies in the Industrial Products industry, placing it in the top 0.40000000000001%.
Is Laser Photonics' Beneish M-Score too high?
Laser Photonics' current Beneish M-Score is -9.23. Based on the distribution chart, Laser Photonics ranks #12 out of 2926 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Laser Photonics has a GF Score™ of 50/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Laser Photonics' Beneish M-Score compare to SPPL and BURU?
According to the Industrial Products industry distribution chart, Laser Photonics ranks #12 out of 2926 companies for Beneish M-Score. This places Laser Photonics in the top 0% of its industry — outperforming the majority of peers. 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 Laser Photonics and its competitors. Laser Photonics's current Beneish M-Score is -9.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Laser Photonics stock overvalued right now?
Based on GuruFocus' analysis, Laser Photonics (LASE) is currently considered Fairly Valued. The stock's GF Value™ is $2.00, compared to a current price of $1.94 — trading 3% below its estimated fair value. The current Beneish M-Score is -9.23. Laser Photonics' overall GF Score™ is 50/100 with 7 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 Laser Photonics (LASE), the current Beneish M-Score is -9.23 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 Laser Photonics (LASE) Overvalued in 2026?
Based on GuruFocus' analysis, Laser Photonics stock appears to be undervalued.
The current stock price of $1.94 is trading 3% below its estimated GF Value™ of $2.00.
GuruFocus considers Laser Photonics to be Fairly Valued.
Key valuation signals for LASE:
Beneish M-Score: -9.23
GF Value™: $2.00 vs. price of $1.94 (3% below fair value)
No single metric tells the full story. See the LASE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Laser Photonics Corp is an integrated manufacturing company for photonics-based industrial products and solutions, laser cleaning technologies. Its laser-blasting technologies are focused on disrupting the sandblasting and abrasive blasting markets. The company offers a portfolio of integrated laser-blasting solutions for corrosion control, rust removal, de-coating, pre-welding and post-welding, laser cleaning, and surface conditioning. Its laser-blasting solutions are applicable in every industry dealing with materials processing, including automotive, aerospace, healthcare, consumer products, shipbuilding, machine manufacturing, nuclear maintenance and decommissioning, and surface coating. Geographically, the company generates almost all of its revenue from the domestic market.
50GF Score
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