LCTC (Lifeloc Technologies) Beneish M-Score: -4.13 (As of Jun. 25, 2026)


LCTC Lifeloc Technologies Inc LCTC
61 GF Score
Price $2.70
GF Value $3.03
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Lifeloc Technologies Beneish M-Score?

Lifeloc Technologies LCTC +16.38% 61 Beneish M-Score is -4.13 as of Jun. 25, 2026. GuruFocus rates LCTC with a GF Score™ of 61/100 and a GF Value™ of $3.03 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,403 Hardware companies, Lifeloc Technologies ranks better than 96.13% 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 -4.13 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LCTC' s Beneish M-Score Range Over the Past 10 Years
Min: -4.34   Med: -2.56   Max: -0.77
Current: -4.13

During the past 13 years, the highest Beneish M-Score of Lifeloc Technologies was -0.77. The lowest was -4.34. And the median was -2.56.

Lifeloc Technologies Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Lifeloc Technologies'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.

Lifeloc Technologies Beneish M-Score Chart

Lifeloc Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.88 -2.54 -1.37 -2.22 -4.34

Lifeloc Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -2.63 -2.70 -2.46 -4.34 -4.13

LCTC vs SCND, SOBR, QURT: Beneish M-Score Comparison

For the Scientific & Technical Instruments subindustry, Lifeloc Technologies'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.

Lifeloc Technologies Beneish M-Score vs Hardware Industry

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

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


LCTC
61GF Score
Lifeloc Technologies Inc LCTC
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Lifeloc Technologies 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 Lifeloc Technologies 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 * 1.0306+0.528 * 0.9877+0.404 * 0.1271+0.892 * 1.0441+0.115 * 0.8512
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9689+4.679 * -0.267547-0.327 * 1.3011
=-4.13

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $0.91 Mil.
Revenue was 2.294 + 2.273 + 2.257 + 2.219 = $9.04 Mil.
Gross Profit was 0.987 + 0.902 + 0.907 + 0.925 = $3.72 Mil.
Total Current Assets was $4.37 Mil.
Total Assets was $6.74 Mil.
Property, Plant and Equipment(Net PPE) was $2.25 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.41 Mil.
Selling, General, & Admin. Expense(SGA) was $2.70 Mil.
Total Current Liabilities was $1.06 Mil.
Long-Term Debt & Capital Lease Obligation was $1.72 Mil.
Net Income was -0.153 + -1.521 + -0.263 + -0.394 = $-2.33 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was -0.129 + 0.079 + -0.189 + -0.289 = $-0.53 Mil.
 Total Receivables was $0.84 Mil.
Revenue was 2.277 + 1.91 + 2.087 + 2.387 = $8.66 Mil.
Gross Profit was 0.909 + 0.705 + 0.912 + 0.994 = $3.52 Mil.
Total Current Assets was $5.68 Mil.
Total Assets was $9.22 Mil.
Property, Plant and Equipment(Net PPE) was $2.29 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.35 Mil.
Selling, General, & Admin. Expense(SGA) was $2.67 Mil.
Total Current Liabilities was $1.13 Mil.
Long-Term Debt & Capital Lease Obligation was $1.79 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)
=(0.906 / 9.043) / (0.842 / 8.661)
=0.100188 / 0.097217
=1.0306

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)
=(3.52 / 8.661) / (3.721 / 9.043)
=0.40642 / 0.411478
=0.9877

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 - (4.369 + 2.254) / 6.739) / (1 - (5.676 + 2.294) / 9.219)
=0.017213 / 0.135481
=0.1271

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
=9.043 / 8.661
=1.0441

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))
=(0.345 / (0.345 + 2.294)) / (0.409 / (0.409 + 2.254))
=0.130731 / 0.153586
=0.8512

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)
=(2.701 / 9.043) / (2.67 / 8.661)
=0.298684 / 0.308278
=0.9689

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)
=((1.717 + 1.064) / 6.739) / ((1.79 + 1.134) / 9.219)
=0.412673 / 0.317171
=1.3011

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
=(-2.331 - 0 - -0.528) / 6.739
=-0.267547

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.

Lifeloc Technologies has a M-score of -4.13 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 -4.13 mean?
Lifeloc Technologies (LCTC) has a Beneish M-Score of -4.13 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Lifeloc Technologies and its competitors. According to the industry distribution chart, Lifeloc Technologies ranks #93 out of 2403 companies in the Hardware industry, placing it in the top 3.9%.
Is Lifeloc Technologies' Beneish M-Score too high?
Lifeloc Technologies' current Beneish M-Score is -4.13. Based on the distribution chart, Lifeloc Technologies ranks #93 out of 2403 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Lifeloc Technologies has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lifeloc Technologies' Beneish M-Score compare to SCND and SOBR?
According to the Hardware industry distribution chart, Lifeloc Technologies ranks #93 out of 2403 companies for Beneish M-Score. This places Lifeloc Technologies in the top 4% 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 a Hardware company?
A good Beneish M-Score depends on the Hardware 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 Lifeloc Technologies and its competitors. Lifeloc Technologies's current Beneish M-Score is -4.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lifeloc Technologies stock overvalued right now?
Based on GuruFocus' analysis, Lifeloc Technologies (LCTC) is currently considered Modestly Undervalued. The stock's GF Value™ is $3.03, compared to a current price of $2.70 — trading 10.9% below its estimated fair value. The current Beneish M-Score is -4.13. Lifeloc Technologies' overall GF Score™ is 61/100 with 4 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 Lifeloc Technologies (LCTC), the current Beneish M-Score is -4.13 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 Lifeloc Technologies (LCTC) Overvalued in 2026?

Based on GuruFocus' analysis, Lifeloc Technologies stock appears to be undervalued. The current stock price of $2.70 is trading 10.9% below its estimated GF Value™ of $3.03. GuruFocus considers Lifeloc Technologies to be Modestly Undervalued.

Key valuation signals for LCTC:

  • Beneish M-Score: -4.13
  • GF Value™: $3.03 vs. price of $2.70 (10.9% below fair value)
  • GF Score™: 61/100 with 4 warning signs

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

Lifeloc Technologies Business Description

Address 12441 West 49th Avenue, Wheat Ridge, CO, USA, 80033
Lifeloc Technologies Inc is a developer, manufacturer, and marketer of portable hand-held and fixed station breathalyzers and related accessories, supplies, and education. It offers fuel-cell-based breath alcohol testing equipment and also a line of supplies, accessories, services, and training to support customers' alcohol testing programs. The company operates through one segment. The products of the company include: L series breathalyzers, FC series breathalyzers, Sentinel alcohol system, calibration equipment, impairment goggles, AlcoMark breath testing management software.
61GF Score

Get the complete analysis for LCTC

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

$2.70
Price
$3.03
GF Value