Stryker (LTS:0R2S) Beneish M-Score: -2.77 (As of Jun. 26, 2026)


LTS:0R2S Stryker Corp LTS:0R2S
93 GF Score
Price $317.88
GF Value $413.33
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Stryker Beneish M-Score?

Stryker LTS:0R2S +0.75% 93 Beneish M-Score is -2.77 as of Jun. 26, 2026. GuruFocus rates LTS:0R2S with a GF Score™ of 93/100 and a GF Value™ of $413.33 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 766 Medical Devices & Instruments companies, Stryker ranks better than 66.32% 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 -2.77 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LTS:0R2S' s Beneish M-Score Range Over the Past 10 Years
Min: -2.77   Med: -2.4   Max: -2.04
Current: -2.77

During the past 13 years, the highest Beneish M-Score of Stryker was -2.04. The lowest was -2.77. And the median was -2.40.


Stryker Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Stryker'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.

Stryker Beneish M-Score Chart

Stryker 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 -2.49 -2.27 -2.52 -2.49 -2.64

Stryker 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 -2.44 -2.54 -2.57 -2.64 -2.77

LTS:0R2S vs MDT, ABT, BSX: Beneish M-Score Comparison

For the Medical Devices subindustry, Stryker'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.


Stryker Beneish M-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Stryker's Beneish M-Score distribution charts can be found below:

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


LTS:0R2S
93GF Score
Stryker Corp LTS:0R2S
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Stryker 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 Stryker 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 * 0.8283+0.528 * 1.002+0.404 * 0.981+0.892 * 1.0884+0.115 * 0.9663
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9734+4.679 * -0.049038-0.327 * 0.9149
=-2.77

* 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 $3,571 Mil.
Revenue was 6020 + 7171 + 6057 + 6022 = $25,270 Mil.
Gross Profit was 3810 + 4628 + 3852 + 3841 = $16,131 Mil.
Total Current Assets was $13,338 Mil.
Total Assets was $46,291 Mil.
Property, Plant and Equipment(Net PPE) was $3,887 Mil.
Depreciation, Depletion and Amortization(DDA) was $1,221 Mil.
Selling, General, & Admin. Expense(SGA) was $8,632 Mil.
Total Current Liabilities was $6,315 Mil.
Long-Term Debt & Capital Lease Obligation was $14,224 Mil.
Net Income was 745 + 849 + 859 + 884 = $3,337 Mil.
Non Operating Income was 62 + 501 + -179 + -152 = $232 Mil.
Cash Flow from Operations was 581 + 2143 + 1540 + 1111 = $5,375 Mil.
Total Receivables was $3,961 Mil.
Revenue was 5866 + 6436 + 5494 + 5422 = $23,218 Mil.
Gross Profit was 3744 + 4174 + 3517 + 3416 = $14,851 Mil.
Total Current Assets was $13,022 Mil.
Total Assets was $46,006 Mil.
Property, Plant and Equipment(Net PPE) was $3,536 Mil.
Depreciation, Depletion and Amortization(DDA) was $1,062 Mil.
Selling, General, & Admin. Expense(SGA) was $8,148 Mil.
Total Current Liabilities was $7,929 Mil.
Long-Term Debt & Capital Lease Obligation was $14,383 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)
=(3571 / 25270) / (3961 / 23218)
=0.141314 / 0.1706
=0.8283

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)
=(14851 / 23218) / (16131 / 25270)
=0.639633 / 0.638346
=1.002

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 - (13338 + 3887) / 46291) / (1 - (13022 + 3536) / 46006)
=0.627897 / 0.64009
=0.981

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
=25270 / 23218
=1.0884

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))
=(1062 / (1062 + 3536)) / (1221 / (1221 + 3887))
=0.23097 / 0.239037
=0.9663

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)
=(8632 / 25270) / (8148 / 23218)
=0.341591 / 0.350935
=0.9734

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)
=((14224 + 6315) / 46291) / ((14383 + 7929) / 46006)
=0.443693 / 0.48498
=0.9149

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
=(3337 - 232 - 5375) / 46291
=-0.049038

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.

Stryker has a M-score of -2.77 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 -2.77 mean?
Stryker (LTS:0R2S) has a Beneish M-Score of -2.77 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Stryker and its competitors. According to the industry distribution chart, Stryker ranks #258 out of 766 companies in the Medical Devices & Instruments industry, placing it in the top 33.7%.
Is Stryker's Beneish M-Score too high?
Stryker's current Beneish M-Score is -2.77. Based on the distribution chart, Stryker ranks #258 out of 766 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Stryker has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Stryker's Beneish M-Score compare to MDT and ABT?
According to the Medical Devices & Instruments industry distribution chart, Stryker ranks #258 out of 766 companies for Beneish M-Score. This puts Stryker 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 Medical Devices & Instruments company?
A good Beneish M-Score depends on the Medical Devices & Instruments 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 Stryker and its competitors. Stryker's current Beneish M-Score is -2.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stryker stock overvalued right now?
Based on GuruFocus' analysis, Stryker (LTS:0R2S) is currently considered Modestly Undervalued. The stock's GF Value™ is $413.33, compared to a current price of $317.88 — trading 23.1% below its estimated fair value. The current Beneish M-Score is -2.77. Stryker's overall GF Score™ is 93/100 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 Stryker (LTS:0R2S), the current Beneish M-Score is -2.77 as of Jun. 26, 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 Stryker (LTS:0R2S) Overvalued in 2026?

Based on GuruFocus' analysis, Stryker stock appears to be undervalued. The current stock price of $317.88 is trading 23.1% below its estimated GF Value™ of $413.33. GuruFocus considers Stryker to be Modestly Undervalued.

Key valuation signals for LTS:0R2S:

  • Beneish M-Score: -2.77
  • GF Value™: $413.33 vs. price of $317.88 (23.1% below fair value)
  • GF Score™: 93/100 with 1 warning sign

No single metric tells the full story. See the LTS:0R2S stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Stryker Business Description

Address 1941 Stryker Way, Portage, MI, USA, 49002
Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implantable devices. The product portfolio includes hip and knee replacements, extremities, endoscopy systems, operating room equipment, embolic coils, hospital beds and gurneys, and orthopedic robotics. Stryker remains one of the three largest competitors in reconstructive orthopedic implants and holds the leadership position in operating room equipment. Roughly one-fourth of Stryker's total revenue currently comes from outside the United States.
93GF Score

Get the complete analysis for LTS:0R2S

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

$317.88
Price
$413.33
GF Value