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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 -2.42 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Mirion Technologies's Beneish M-Score or its related term are showing as below:
MEX:MIR'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.24 Med: -2.59 Max: 255.76
Current: -2.42
During the past 8 years, the highest Beneish M-Score of Mirion Technologies was 255.76. The lowest was -3.24. And the median was -2.59.
Mirion Technologies Beneish M-Score Related Terms
Mirion Technologies Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Mirion Technologies'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.
MEX:MIR vs CSW, FELE, MWA: Beneish M-Score Comparison
For the Specialty Industrial Machinery subindustry, Mirion Technologies'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.
Mirion Technologies Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mirion Technologies's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Mirion Technologies'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 Mirion Technologies 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 * 1.1059
+
0.528 * 0.9989
+
0.404 * 0.9842
+
0.892 * 1.0363
+
0.115 * 0.9904
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9952
+
4.679 * -0.030425
-
0.327 * 1.1426
=
-2.55
* 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.
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.
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))
=
(2874.586 / (2874.586 + 3645.651))
/
(2653.377 / (2653.377 + 3307.197))
=
0.440871
/
0.445155
=
0.9904
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
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
=
(459.668 - 101.846
-
2297.792)
/
63761.824
=
-0.030425
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.
Mirion Technologies has a M-score of -2.55 suggests that the company is unlikely to be a manipulator.
Mirion Technologies (MEX:MIR) has a Beneish M-Score of -2.42 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Mirion Technologies and its competitors. According to the industry distribution chart, Mirion Technologies ranks #1558 out of 2910 companies in the Industrial Products industry, placing it in the top 53.5%.
Is Mirion Technologies' Beneish M-Score too high?
Mirion Technologies' current Beneish M-Score is -2.42. Based on the distribution chart, Mirion Technologies ranks #1558 out of 2910 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Mirion Technologies has a GF Score™ of 33/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mirion Technologies' Beneish M-Score compare to CSW and FELE?
According to the Industrial Products industry distribution chart, Mirion Technologies ranks #1558 out of 2910 companies for Beneish M-Score. This places Mirion Technologies 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 Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Mirion Technologies and its competitors. Mirion Technologies's current Beneish M-Score is -2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mirion Technologies stock overvalued right now?
Based on GuruFocus' analysis, Mirion Technologies (MEX:MIR) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN272.90, compared to a current price of MXN321.32 — trading 17.7% above its estimated fair value. The current Beneish M-Score is -2.42. Mirion Technologies' overall GF Score™ is 33/100 with 5 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 Mirion Technologies (MEX:MIR), the current Beneish M-Score is -2.42 as of Jul. 16, 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 Mirion Technologies (MEX:MIR) Overvalued in 2026?
Based on GuruFocus' analysis, Mirion Technologies stock appears to be overvalued.
The current stock price of MXN321.32 is trading 17.7% above its estimated GF Value™ of MXN272.90.
GuruFocus considers Mirion Technologies to be Modestly Overvalued.
Key valuation signals for MEX:MIR:
Beneish M-Score: -2.42
GF Value™: MXN272.90 vs. price of MXN321.32 (17.7% above fair value)
No single metric tells the full story. See the MEX:MIR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mirion Technologies Inc provides products, services, and software that allow customers to safely leverage the power of ionizing radiation for applications that benefit the health, safety, vitality, and technological progress of the human experience. The Company manages its operations through two segments: Nuclear & Safety and Medical. The Medical segment improves the quality and safety of cancer care delivery and supports applications across medical diagnostics and practitioner safety. The Nuclear & Safety segment powers advancements in nuclear energy and critical radiation safety, measurement and analysis applications across laboratories, research and other industrial markets such as defense.
33GF Score
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