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GE Aerospace MEX:GE
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:
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.
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 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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-2.42 | -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 |
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-2.72 | -2.37 | -2.42 | -2.33 | -2.32 | ||
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.
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.
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.
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:
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.
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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