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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 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Arrow Electronics's Beneish M-Score or its related term are showing as below:
LTS:0HI1'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.84 Med: -2.3 Max: -1.75
Current: -2
During the past 13 years, the highest Beneish M-Score of Arrow Electronics was -1.75. The lowest was -2.84. And the median was -2.30.
The historical data trend for Arrow Electronics'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.
LTS:0HI1 vs AVT, NSIT, SNX: Beneish M-Score Comparison
For the Electronics & Computer Distribution subindustry, Arrow Electronics'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.
Arrow Electronics Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Arrow Electronics's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Arrow Electronics'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 Arrow Electronics 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 * 1.455
+
0.528 * 0.9969
+
0.404 * 0.631
+
0.892 * 1.2605
+
0.115 * 1.0459
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9086
+
4.679 * -4.3E-5
-
0.327 * 1.1221
=
-2.00
* 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))
=
(151.202 / (151.202 + 474.598))
/
(138.43 / (138.43 + 460.819))
=
0.241614
/
0.231006
=
1.0459
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
=
(811.614 - -123.12
-
936.367)
/
38376.681
=
-4.3E-5
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.
Arrow Electronics has a M-score of -2.00 suggests that the company is unlikely to be a manipulator.
Arrow Electronics (LTS:0HI1) has a Beneish M-Score of -2.00 as of Aug. 10, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Arrow Electronics and its competitors. According to the industry distribution chart, Arrow Electronics ranks #1864 out of 2400 companies in the Hardware industry, placing it in the top 77.7%.
Is Arrow Electronics' Beneish M-Score too high?
Arrow Electronics' current Beneish M-Score is -2.00. Based on the distribution chart, Arrow Electronics ranks #1864 out of 2400 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Arrow Electronics has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arrow Electronics' Beneish M-Score compare to AVT and NSIT?
According to the Hardware industry distribution chart, Arrow Electronics ranks #1864 out of 2400 companies for Beneish M-Score. This places Arrow Electronics 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 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 Arrow Electronics and its competitors. Arrow Electronics's current Beneish M-Score is -2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arrow Electronics stock overvalued right now?
Based on GuruFocus' analysis, Arrow Electronics (LTS:0HI1) is currently considered Significantly Overvalued. The stock's GF Value™ is $152.64, compared to a current price of $201.53 — trading 32% above its estimated fair value. The current Beneish M-Score is -2.00. Arrow Electronics' overall GF Score™ is 74/100 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 Arrow Electronics (LTS:0HI1), the current Beneish M-Score is -2.00 as of Aug. 10, 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 Arrow Electronics (LTS:0HI1) Overvalued in 2026?
Based on GuruFocus' analysis, Arrow Electronics stock appears to be overvalued.
The current stock price of $201.53 is trading 32% above its estimated GF Value™ of $152.64.
GuruFocus considers Arrow Electronics to be Significantly Overvalued.
Key valuation signals for LTS:0HI1:
Beneish M-Score: -2.00
GF Value™: $152.64 vs. price of $201.53 (32% above fair value)
No single metric tells the full story. See the LTS:0HI1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arrow Electronics Inc. is a provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. It has one of the world's broadest portfolios of product offerings available from electronic components and enterprise computing solutions suppliers, coupled with a range of services, solutions, and software, the company helps industrial and commercial customers introduce products, reduce their time to market, and enhance their overall competitiveness. The company has two business segments, the global components business and the global enterprise computing solutions.
74GF Score
Get the complete analysis for LTS:0HI1
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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