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AMETEK Inc MEX:AME
AMETEK MEX:AME 93 Beneish M-Score is -2.44 as of Jun. 25, 2026. GuruFocus rates MEX:AME with a GF Score™ of 93/100 and a GF Value™ of MXN3,306.45 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 2,926 Industrial Products companies, AMETEK ranks worse than 51.54% 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 -2.44 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for AMETEK's Beneish M-Score or its related term are showing as below:
During the past 13 years, the highest Beneish M-Score of AMETEK was -2.19. The lowest was -2.88. And the median was -2.51.
The historical data trend for AMETEK'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.
| AMETEK Annual Data | |||||||||||||||||||||
| Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | Dec25 | |||||||||||
| Beneish M-Score | Get a 7-Day Free Trial |
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-2.19 | -2.37 | -2.52 | -2.60 | -2.43 | |||||||||||||
| AMETEK 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 |
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-2.54 | -2.51 | -2.42 | -2.43 | -2.44 | ||
For the Specialty Industrial Machinery subindustry, AMETEK'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.
For the Industrial Products industry and Industrials sector, AMETEK's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where AMETEK'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 AMETEK 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 * 1.0107 | + | 0.528 * 0.9964 | + | 0.404 * 0.9956 | + | 0.892 * 1.0099 | + | 0.115 * 0.9435 | |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI | |||||||
| - | 0.172 * 1.0406 | + | 4.679 * -0.017068 | - | 0.327 * 1.0179 | |||||||
| = | -2.56 |
* 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 MXN20,809 Mil. Revenue was 34774.926 + 35983.455 + 34718.985 + 33479.372 = MXN138,957 Mil. Gross Profit was 12939.526 + 12971.558 + 12586.616 + 11973.281 = MXN50,471 Mil. Total Current Assets was MXN56,578 Mil. Total Assets was MXN294,105 Mil. Property, Plant and Equipment(Net PPE) was MXN19,900 Mil. Depreciation, Depletion and Amortization(DDA) was MXN7,724 Mil. Selling, General, & Admin. Expense(SGA) was MXN14,433 Mil. Total Current Liabilities was MXN49,701 Mil. Long-Term Debt & Capital Lease Obligation was MXN19,162 Mil. Net Income was 7201.485 + 7177.09 + 6813.329 + 6747.764 = MXN27,940 Mil. Non Operating Income was -18.88 + -155.011 + -328.38 + -48.956 = MXN-551 Mil. Cash Flow from Operations was 8142.053 + 10520.082 + 8087.316 + 6761.359 = MXN33,511 Mil. |
Total Receivables was MXN20,387 Mil. Revenue was 35433.009 + 36739.443 + 33642.138 + 31782.338 = MXN137,597 Mil. Gross Profit was 12786.375 + 13446.692 + 12125.484 + 11439.237 = MXN49,798 Mil. Total Current Assets was MXN56,481 Mil. Total Assets was MXN304,359 Mil. Property, Plant and Equipment(Net PPE) was MXN21,666 Mil. Depreciation, Depletion and Amortization(DDA) was MXN7,763 Mil. Selling, General, & Admin. Expense(SGA) was MXN13,734 Mil. Total Current Liabilities was MXN40,150 Mil. Long-Term Debt & Capital Lease Obligation was MXN29,858 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) |
| = | (20808.852 / 138956.738) | / | (20387.333 / 137596.928) | |
| = | 0.149751 | / | 0.148167 | |
| = | 1.0107 |
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) | |
| = | (49797.788 / 137596.928) | / | (50470.981 / 138956.738) | |
| = | 0.361911 | / | 0.363214 | |
| = | 0.9964 |
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 - (56577.741 + 19900.076) / 294104.952) | / | (1 - (56480.917 + 21665.643) / 304358.606) | |
| = | 0.739964 | / | 0.743242 | |
| = | 0.9956 |
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 | |
| = | 138956.738 | / | 137596.928 | |
| = | 1.0099 |
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)) |
| = | (7762.899 / (7762.899 + 21665.643)) | / | (7723.523 / (7723.523 + 19900.076)) | |
| = | 0.263788 | / | 0.279599 | |
| = | 0.9435 |
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) |
| = | (14432.75 / 138956.738) | / | (13734.436 / 137596.928) | |
| = | 0.103865 | / | 0.099816 | |
| = | 1.0406 |
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) |
| = | ((19161.601 + 49700.574) / 294104.952) | / | ((29857.618 + 40150.425) / 304358.606) | |
| = | 0.234142 | / | 0.230018 | |
| = | 1.0179 |
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 | |
| = | (27939.668 - -551.227 | - | 33510.81) | / | 294104.952 | |
| = | -0.017068 |
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.
AMETEK has a M-score of -2.56 suggests that the company is unlikely to be a manipulator.
Based on GuruFocus' analysis, AMETEK stock appears to be overvalued. The current stock price of MXN3,883.98 is trading 17.5% above its estimated GF Value™ of MXN3,306.45. GuruFocus considers AMETEK to be Modestly Overvalued.
Key valuation signals for MEX:AME:
No single metric tells the full story. See the MEX:AME stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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