GE Aerospace (MEX:GE) Beneish M-Score: -2.32 (As of Jun. 24, 2026)


MEX:GE GE Aerospace MEX:GE
60 GF Score
Price MXN6,191.88
GF Value MXN4,207.34
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is GE Aerospace Beneish M-Score?

GE Aerospace MEX:GE 60 Beneish M-Score is -2.32 as of Jun. 24, 2026. GuruFocus rates MEX:GE with a GF Score™ of 60/100 and a GF Value™ of MXN4,207.34 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 326 Aerospace & Defense companies, GE Aerospace ranks worse than 58.9% 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 -2.32 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:GE' s Beneish M-Score Range Over the Past 10 Years
Min: -5.5   Med: -2.54   Max: -1.83
Current: -2.32

During the past 13 years, the highest Beneish M-Score of GE Aerospace was -1.83. The lowest was -5.50. And the median was -2.54.


GE Aerospace Beneish M-Score Historical Data

* Premium members only.

The historical data trend for GE Aerospace'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.

GE Aerospace Beneish M-Score Chart

GE Aerospace 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 -2.42 -2.40 -2.57 -2.64 -2.33

GE Aerospace 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 -2.72 -2.37 -2.42 -2.33 -2.32

MEX:GE vs RTX, BA, LMT: Beneish M-Score Comparison

For the Aerospace & Defense subindustry, GE Aerospace'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.


GE Aerospace Beneish M-Score vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, GE Aerospace's Beneish M-Score distribution charts can be found below:

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


MEX:GE
60GF Score
GE Aerospace MEX:GE
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GE Aerospace 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 GE Aerospace 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 * 0.9888+0.528 * 1.0222+0.404 * 0.9785+0.892 * 1.1196+0.115 * 0.9939
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9641+4.679 * -0.011372-0.327 * 1.0728
=-2.45

* 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 MXN269,589 Mil.
Revenue was 223461.219 + 228978.487 + 223450.7 + 207535.442 = MXN883,426 Mil.
Gross Profit was 69353.764 + 68493.683 + 71890.92 + 65487.958 = MXN275,226 Mil.
Total Current Assets was MXN727,800 Mil.
Total Assets was MXN2,316,210 Mil.
Property, Plant and Equipment(Net PPE) was MXN143,775 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN22,568 Mil.
Selling, General, & Admin. Expense(SGA) was MXN80,247 Mil.
Total Current Liabilities was MXN721,813 Mil.
Long-Term Debt & Capital Lease Obligation was MXN327,726 Mil.
Net Income was 34334.261 + 45752.484 + 39568.439 + 38185.618 = MXN157,841 Mil.
Non Operating Income was 4868.829 + 6878.177 + 4916.246 + 5403.98 = MXN22,067 Mil.
Cash Flow from Operations was 32873.612 + 41071.002 + 45878.844 + 42290.383 = MXN162,114 Mil.
Total Receivables was MXN243,534 Mil.
Revenue was 203231.759 + 225470.973 + 193791.933 + 166584.697 = MXN789,079 Mil.
Gross Profit was 66243.652 + 75664.48 + 57141.251 + 52230.614 = MXN251,280 Mil.
Total Current Assets was MXN768,758 Mil.
Total Assets was MXN2,539,333 Mil.
Property, Plant and Equipment(Net PPE) was MXN151,923 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN23,680 Mil.
Selling, General, & Admin. Expense(SGA) was MXN74,343 Mil.
Total Current Liabilities was MXN714,830 Mil.
Long-Term Debt & Capital Lease Obligation was MXN357,753 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)
=(269588.865 / 883425.848) / (243534.413 / 789079.362)
=0.305163 / 0.308631
=0.9888

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)
=(251279.997 / 789079.362) / (275226.325 / 883425.848)
=0.318447 / 0.311544
=1.0222

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 - (727799.773 + 143774.717) / 2316210.153) / (1 - (768757.782 + 151922.593) / 2539333.16)
=0.623707 / 0.637432
=0.9785

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
=883425.848 / 789079.362
=1.1196

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))
=(23679.654 / (23679.654 + 151922.593)) / (22568.126 / (22568.126 + 143774.717))
=0.134848 / 0.135672
=0.9939

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)
=(80246.746 / 883425.848) / (74343.194 / 789079.362)
=0.090836 / 0.094215
=0.9641

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)
=((327726.29 + 721812.916) / 2316210.153) / ((357752.544 + 714829.967) / 2539333.16)
=0.453128 / 0.422387
=1.0728

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
=(157840.802 - 22067.232 - 162113.841) / 2316210.153
=-0.011372

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.

GE Aerospace has a M-score of -2.45 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 -2.32 mean?
GE Aerospace (MEX:GE) has a Beneish M-Score of -2.32 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on GE Aerospace and its competitors. According to the industry distribution chart, GE Aerospace ranks #192 out of 326 companies in the Aerospace & Defense industry, placing it in the top 58.9%.
Is GE Aerospace's Beneish M-Score too high?
GE Aerospace's current Beneish M-Score is -2.32. Based on the distribution chart, GE Aerospace ranks #192 out of 326 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, GE Aerospace has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GE Aerospace's Beneish M-Score compare to RTX and BA?
According to the Aerospace & Defense industry distribution chart, GE Aerospace ranks #192 out of 326 companies for Beneish M-Score. This places GE Aerospace 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 an Aerospace & Defense company?
A good Beneish M-Score depends on the Aerospace & Defense 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 GE Aerospace and its competitors. GE Aerospace's current Beneish M-Score is -2.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GE Aerospace stock overvalued right now?
Based on GuruFocus' analysis, GE Aerospace (MEX:GE) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN4,207.34, compared to a current price of MXN6,191.88 — trading 47.2% above its estimated fair value. The current Beneish M-Score is -2.32. GE Aerospace's overall GF Score™ is 60/100 with 6 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 GE Aerospace (MEX:GE), the current Beneish M-Score is -2.32 as of Jun. 24, 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 GE Aerospace (MEX:GE) Overvalued in 2026?

Based on GuruFocus' analysis, GE Aerospace stock appears to be overvalued. The current stock price of MXN6,191.88 is trading 47.2% above its estimated GF Value™ of MXN4,207.34. GuruFocus considers GE Aerospace to be Significantly Overvalued.

Key valuation signals for MEX:GE:

  • Beneish M-Score: -2.32
  • GF Value™: MXN4,207.34 vs. price of MXN6,191.88 (47.2% above fair value)
  • GF Score™: 60/100 with 6 warning signs

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


GE Aerospace Business Description

Address 1 Neumann Way, Evendale, OH, USA, 45215
GE Aerospace is the global leader in designing, manufacturing, and servicing commercial aircraft turbine engines, along with partner Safran in their CFM joint venture. With its massive global installed base of nearly 80,000 commercial and military engines, GE Aerospace earns most of its profits on recurring service revenue of that equipment, which operates for decades. GE Aerospace is the remaining core business of the company formed in 1892 with historical ties to American inventor Thomas Edison; General Electric became a storied conglomerate, with peak revenue of $130 billion in 2000, until it spun off its appliance, finance, healthcare, and wind and power businesses between 2016 and 2024.
60GF Score

Get the complete analysis for MEX:GE

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

MXN6,191.88
Price
MXN4,207.34
GF Value