MACOM Technology Solutions Holdings (MEX:MTSI) Beneish M-Score: -2.39 (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:MTSI MACOM Technology Solutions Holdings Inc MEX:MTSI
55 GF Score
Price MXN5,015.00
GF Value MXN2,911.77
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is MACOM Technology Solutions Holdings Beneish M-Score?

MACOM Technology Solutions Holdings MEX:MTSI 55 Beneish M-Score is -2.39 as of Aug. 08, 2026. GuruFocus rates MEX:MTSI with a GF Score™ of 55/100 and a GF Value™ of MXN2,911.77 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 984 Semiconductors companies, MACOM Technology Solutions Holdings ranks worse than 50.41% 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 -2.39 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for MACOM Technology Solutions Holdings's Beneish M-Score or its related term are showing as below:

MEX:MTSI' s Beneish M-Score Range Over the Past 10 Years
Min: -3.75   Med: -2.64   Max: -1.72
Current: -2.39

During the past 13 years, the highest Beneish M-Score of MACOM Technology Solutions Holdings was -1.72. The lowest was -3.75. And the median was -2.64.


MACOM Technology Solutions Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for MACOM Technology Solutions Holdings'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.

MACOM Technology Solutions Holdings Beneish M-Score Chart

MACOM Technology Solutions Holdings Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.16 -1.83 -2.71 -2.52 -2.39

MACOM Technology Solutions Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -2.52 -2.39 -2.02 -2.39 0.00

MEX:MTSI vs LSCC, SITM, SMTC: Beneish M-Score Comparison

For the Semiconductors subindustry, MACOM Technology Solutions Holdings'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.


MACOM Technology Solutions Holdings Beneish M-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, MACOM Technology Solutions Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where MACOM Technology Solutions Holdings's Beneish M-Score falls into.


MEX:MTSI
55GF Score
MACOM Technology Solutions Holdings Inc MEX:MTSI
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MACOM Technology Solutions Holdings 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 MACOM Technology Solutions Holdings 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 * 1.1106+0.528 * 0.9687+0.404 * 1.0189+0.892 * 1.1544+0.115 * 1.1493
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9193+4.679 * -0.039388-0.327 * 0.7462
=-2.32

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was MXN3,126 Mil.
Revenue was 5971.693 + 5210.639 + 4890.564 + 4790.955 = MXN20,864 Mil.
Gross Profit was 3481.983 + 2965.171 + 2732.887 + 2610.398 = MXN11,790 Mil.
Total Current Assets was MXN20,455 Mil.
Total Assets was MXN37,459 Mil.
Property, Plant and Equipment(Net PPE) was MXN4,298 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN1,156 Mil.
Selling, General, & Admin. Expense(SGA) was MXN3,132 Mil.
Total Current Liabilities was MXN8,751 Mil.
Long-Term Debt & Capital Lease Obligation was MXN523 Mil.
Net Income was 1757.254 + 835.473 + 878.084 + 827.69 = MXN4,299 Mil.
Non Operating Income was 724.884 + 0 + 0 + 184.983 = MXN910 Mil.
Cash Flow from Operations was 1395.239 + 1418.524 + 772.895 + 1277.417 = MXN4,864 Mil.
Total Receivables was MXN2,438 Mil.
Revenue was 4746.446 + 4825.823 + 4549.087 + 3952.04 = MXN18,073 Mil.
Gross Profit was 2625.468 + 2662.757 + 2442.39 + 2162.822 = MXN9,893 Mil.
Total Current Assets was MXN21,227 Mil.
Total Assets was MXN37,720 Mil.
Property, Plant and Equipment(Net PPE) was MXN3,935 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN1,267 Mil.
Selling, General, & Admin. Expense(SGA) was MXN2,951 Mil.
Total Current Liabilities was MXN5,548 Mil.
Long-Term Debt & Capital Lease Obligation was MXN6,967 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)
=(3125.936 / 20863.851) / (2438.268 / 18073.396)
=0.149825 / 0.134909
=1.1106

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)
=(9893.437 / 18073.396) / (11790.439 / 20863.851)
=0.547403 / 0.565113
=0.9687

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 - (20454.992 + 4297.828) / 37458.972) / (1 - (21227.193 + 3935.058) / 37720.009)
=0.339202 / 0.33292
=1.0189

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
=20863.851 / 18073.396
=1.1544

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))
=(1267.087 / (1267.087 + 3935.058)) / (1155.774 / (1155.774 + 4297.828))
=0.24357 / 0.211929
=1.1493

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)
=(3131.686 / 20863.851) / (2951.108 / 18073.396)
=0.150101 / 0.163285
=0.9193

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)
=((523.121 + 8750.778) / 37458.972) / ((6967.143 + 5547.967) / 37720.009)
=0.247575 / 0.33179
=0.7462

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
=(4298.501 - 909.867 - 4864.075) / 37458.972
=-0.039388

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.

MACOM Technology Solutions Holdings has a M-score of -2.32 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 -2.39 mean?
MACOM Technology Solutions Holdings (MEX:MTSI) has a Beneish M-Score of -2.39 as of Aug. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on MACOM Technology Solutions Holdings and its competitors. According to the industry distribution chart, MACOM Technology Solutions Holdings ranks #496 out of 984 companies in the Semiconductors industry, placing it in the top 50.4%.
Is MACOM Technology Solutions Holdings' Beneish M-Score too high?
MACOM Technology Solutions Holdings' current Beneish M-Score is -2.39. Based on the distribution chart, MACOM Technology Solutions Holdings ranks #496 out of 984 companies in the Semiconductors industry, which is below the industry midpoint. Overall, MACOM Technology Solutions Holdings has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MACOM Technology Solutions Holdings' Beneish M-Score compare to LSCC and SITM?
According to the Semiconductors industry distribution chart, MACOM Technology Solutions Holdings ranks #496 out of 984 companies for Beneish M-Score. This places MACOM Technology Solutions Holdings 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 MACOM Technology Solutions Holdings and its competitors. MACOM Technology Solutions Holdings's current Beneish M-Score is -2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MACOM Technology Solutions Holdings stock overvalued right now?
Based on GuruFocus' analysis, MACOM Technology Solutions Holdings (MEX:MTSI) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN2,911.77, compared to a current price of MXN5,015.00 — trading 72.2% above its estimated fair value. The current Beneish M-Score is -2.39. MACOM Technology Solutions Holdings' overall GF Score™ is 55/100 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 MACOM Technology Solutions Holdings (MEX:MTSI), the current Beneish M-Score is -2.39 as of Aug. 08, 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 MACOM Technology Solutions Holdings (MEX:MTSI) Overvalued in 2026?

Based on GuruFocus' analysis, MACOM Technology Solutions Holdings stock appears to be overvalued. The current stock price of MXN5,015.00 is trading 72.2% above its estimated GF Value™ of MXN2,911.77. GuruFocus considers MACOM Technology Solutions Holdings to be Significantly Overvalued.

Key valuation signals for MEX:MTSI:

  • Beneish M-Score: -2.39
  • GF Value™: MXN2,911.77 vs. price of MXN5,015.00 (72.2% above fair value)
  • GF Score™: 55/100 with 3 warning signs

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


MACOM Technology Solutions Holdings Business Description

Other Exchanges MTSI:USA0A8Z:UK1MA:Germany
Address 100 Chelmsford Street, Lowell, MA, USA, 01851
MACOM Technology Solutions Holdings Inc is a provider of analog, digital, and mixed-signal semiconductor solutions to original equipment manufacturers and distributors. These solutions are found in systems for industrial, medical, scientific, and test and measurement markets. The firm's portfolio of products includes integrated circuits, multichip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems.
55GF Score

Get the complete analysis for MEX:MTSI

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

MXN5,015.00
Price
MXN2,911.77
GF Value