Credo Technology Group Holding (MEX:CRDON) Beneish M-Score: 0.00 (As of Jul. 27, 2026)

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MEX:CRDON Credo Technology Group Holding Ltd MEX:CRDON
80 GF Score
Price MXN3,675.01
GF Value MXN3,776.76
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Credo Technology Group Holding Beneish M-Score?

Credo Technology Group Holding MEX:CRDON -10.80% 80 Beneish M-Score is 0.00 as of Jul. 27, 2026. GuruFocus rates MEX:CRDON with a GF Score™ of 80/100 and a GF Value™ of MXN3,776.76 (Fairly Valued). The stock has 3 warning signs investors should review. Among 986 Semiconductors companies, Credo Technology Group Holding ranks worse than 101419.78% 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.

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

During the past 7 years, the highest Beneish M-Score of Credo Technology Group Holding was -1.12. The lowest was -3.22. And the median was -1.60.


Credo Technology Group Holding Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Credo Technology Group Holding'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.

Credo Technology Group Holding Beneish M-Score Chart

Credo Technology Group Holding Annual Data
Trend Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Beneish M-Score
Get a 7-Day Free Trial 0.00 -1.12 -3.22 -1.60 0.00

Credo Technology Group Holding Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 -1.60 -1.40 0.04 -0.24 0.00

MEX:CRDON vs MCHP, CBRS, ON: Beneish M-Score Comparison

For the Semiconductors subindustry, Credo Technology Group Holding'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.


Credo Technology Group Holding Beneish M-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Credo Technology Group Holding's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Credo Technology Group Holding's Beneish M-Score falls into.


MEX:CRDON
80GF Score
Credo Technology Group Holding Ltd MEX:CRDON
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Credo Technology Group Holding 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 Credo Technology Group Holding 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 * 0.4672+0.528 * 0.9521+0.404 * 3.5195+0.892 * 2.7545+0.115 * 0.9918
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.6154+4.679 * -0.009119-0.327 * 0.6374
=-0.27

* 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 (Apr26) TTM:Last Year (Apr25) TTM:
Total Receivables was MXN4,088 Mil.
Revenue was 7654.588 + 7061.373 + 4970.963 + 4193.122 = MXN23,880 Mil.
Gross Profit was 5220.971 + 4838.165 + 3357.77 + 2826.467 = MXN16,243 Mil.
Total Current Assets was MXN35,051 Mil.
Total Assets was MXN40,210 Mil.
Property, Plant and Equipment(Net PPE) was MXN2,211 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN626 Mil.
Selling, General, & Admin. Expense(SGA) was MXN3,307 Mil.
Total Current Liabilities was MXN3,452 Mil.
Long-Term Debt & Capital Lease Obligation was MXN361 Mil.
Net Income was 2962.008 + 2726.304 + 1532.609 + 1191.711 = MXN8,413 Mil.
Non Operating Income was 212.575 + 164.107 + 90.674 + 74.173 = MXN542 Mil.
Cash Flow from Operations was 3192.169 + 2883.749 + 1143.67 + 1018.196 = MXN8,238 Mil.
Total Receivables was MXN3,177 Mil.
Revenue was 3331.028 + 2784.956 + 1442.942 + 1110.531 = MXN8,669 Mil.
Gross Profit was 2237.103 + 1772.567 + 911.669 + 693.371 = MXN5,615 Mil.
Total Current Assets was MXN13,979 Mil.
Total Assets was MXN15,854 Mil.
Property, Plant and Equipment(Net PPE) was MXN1,545 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN433 Mil.
Selling, General, & Admin. Expense(SGA) was MXN1,951 Mil.
Total Current Liabilities was MXN2,110 Mil.
Long-Term Debt & Capital Lease Obligation was MXN249 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)
=(4087.855 / 23880.046) / (3176.628 / 8669.457)
=0.171183 / 0.366416
=0.4672

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)
=(5614.71 / 8669.457) / (16243.373 / 23880.046)
=0.647643 / 0.680207
=0.9521

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 - (35050.942 + 2211.32) / 40210.292) / (1 - (13979.13 + 1545.076) / 15854.478)
=0.073315 / 0.020831
=3.5195

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
=23880.046 / 8669.457
=2.7545

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))
=(433.036 / (433.036 + 1545.076)) / (626.346 / (626.346 + 2211.32))
=0.218914 / 0.220726
=0.9918

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)
=(3307.151 / 23880.046) / (1950.858 / 8669.457)
=0.13849 / 0.225027
=0.6154

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)
=((361.129 + 3452.266) / 40210.292) / ((248.674 + 2110.209) / 15854.478)
=0.094836 / 0.148783
=0.6374

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
=(8412.632 - 541.529 - 8237.784) / 40210.292
=-0.009119

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.

Credo Technology Group Holding has a M-score of -0.27 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Credo Technology Group Holding (MEX:CRDON) has a Beneish M-Score of 0.00 as of Jul. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Credo Technology Group Holding and its competitors. According to the industry distribution chart, Credo Technology Group Holding ranks #999999 out of 986 companies in the Semiconductors industry.
Is Credo Technology Group Holding's Beneish M-Score too high?
Credo Technology Group Holding's current Beneish M-Score is 0.00. Based on the distribution chart, Credo Technology Group Holding ranks #999999 out of 986 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Credo Technology Group Holding has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Credo Technology Group Holding's Beneish M-Score compare to MCHP and CBRS?
According to the Semiconductors industry distribution chart, Credo Technology Group Holding ranks #999999 out of 986 companies for Beneish M-Score. This places Credo Technology Group Holding 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 Semiconductors company?
A good Beneish M-Score depends on the Semiconductors 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 Credo Technology Group Holding and its competitors. Credo Technology Group Holding's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Credo Technology Group Holding stock overvalued right now?
Based on GuruFocus' analysis, Credo Technology Group Holding (MEX:CRDON) is currently considered Fairly Valued. The stock's GF Value™ is MXN3,776.76, compared to a current price of MXN3,675.01 — trading 2.7% below its estimated fair value. The current Beneish M-Score is 0.00. Credo Technology Group Holding's overall GF Score™ is 80/100 with 3 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 Credo Technology Group Holding (MEX:CRDON), the current Beneish M-Score is 0.00 as of Jul. 27, 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 Credo Technology Group Holding (MEX:CRDON) Overvalued in 2026?

Based on GuruFocus' analysis, Credo Technology Group Holding stock appears to be undervalued. The current stock price of MXN3,675.01 is trading 2.7% below its estimated GF Value™ of MXN3,776.76. GuruFocus considers Credo Technology Group Holding to be Fairly Valued.

Key valuation signals for MEX:CRDON:

  • Beneish M-Score: 0.00
  • GF Value™: MXN3,776.76 vs. price of MXN3,675.01 (2.7% below fair value)
  • GF Score™: 80/100 with 3 warning signs

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


Credo Technology Group Holding Business Description

Other Exchanges CRDO:USA
Address c/o Maples Corporate Services, Ugland House, PO Box 309, Grand Cayman, CYM, KY1-1104
Credo Technology Group Holding Ltd provides connectivity solutions for AI-driven applications, cloud computing, and hyperscale networks. Its high-speed copper and optical interconnect products support data infrastructure demands. The Company's product portfolio includes ZeroFlap (ZF) Active Electrical Cables (AECs), ZF optical transceivers, OmniConnect memory solutions, and retimers and DSPs for optical and copper Ethernet and PCIe, leveraging the PILOT diagnostic and analytics software platform. Its products are based on Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies and include integrated circuits (ICs), Active Electrical Cables (AECs), SerDes Chiplets, and SerDes IP licensing solutions. The United States generates the maximum revenue.
80GF Score

Get the complete analysis for MEX:CRDON

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

MXN3,675.01
Price
MXN3,776.76
GF Value