ImpinjMEX:PI 55 Beneish M-Score is -2.94 as of Jun. 25, 2026. GuruFocus rates MEX:PI with a GF Score™ of 55/100 and a GF Value™ of MXN2,701.09 (Fairly Valued). The stock has 3 warning signs investors should review. Among 987 Semiconductors companies, Impinj ranks better than 80.45% 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 -2.94 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Impinj's Beneish M-Score or its related term are showing as below:
MEX:PI'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.16 Med: -2.7 Max: -1.38
Current: -2.94
During the past 13 years, the highest Beneish M-Score of Impinj was -1.38. The lowest was -4.16. And the median was -2.70.
Impinj Beneish M-Score Related Terms
Impinj Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Impinj'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:PI vs POWI, DIOD, LASR: Beneish M-Score Comparison
For the Semiconductors subindustry, Impinj'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.
Impinj Beneish M-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Impinj's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Impinj'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 Impinj 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 * 1.2124
+
0.528 * 0.9821
+
0.404 * 1.1059
+
0.892 * 0.9213
+
0.115 * 1.0233
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9831
+
4.679 * -0.170732
-
0.327 * 0.8922
=
-3.08
* 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))
=
(262.507 / (262.507 + 1148.789))
/
(281.103 / (281.103 + 1265.391))
=
0.186004
/
0.181768
=
1.0233
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
=
(-493.487 - -311.459
-
1365.126)
/
9061.865
=
-0.170732
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.
Impinj has a M-score of -3.08 suggests that the company is unlikely to be a manipulator.
Impinj (MEX:PI) has a Beneish M-Score of -2.94 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Impinj and its competitors. According to the industry distribution chart, Impinj ranks #193 out of 987 companies in the Semiconductors industry, placing it in the top 19.6%.
Is Impinj's Beneish M-Score too high?
Impinj's current Beneish M-Score is -2.94. Based on the distribution chart, Impinj ranks #193 out of 987 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Impinj has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Impinj's Beneish M-Score compare to POWI and DIOD?
According to the Semiconductors industry distribution chart, Impinj ranks #193 out of 987 companies for Beneish M-Score. This places Impinj in the top 20% of its industry — outperforming the majority of peers. 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 Impinj and its competitors. Impinj's current Beneish M-Score is -2.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Impinj stock overvalued right now?
Based on GuruFocus' analysis, Impinj (MEX:PI) is currently considered Fairly Valued. The stock's GF Value™ is MXN2,701.09, compared to a current price of MXN2,746.55 — trading 1.7% above its estimated fair value. The current Beneish M-Score is -2.94. Impinj's 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 Impinj (MEX:PI), the current Beneish M-Score is -2.94 as of Jun. 25, 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 Impinj (MEX:PI) Overvalued in 2026?
Based on GuruFocus' analysis, Impinj stock appears to be overvalued.
The current stock price of MXN2,746.55 is trading 1.7% above its estimated GF Value™ of MXN2,701.09.
GuruFocus considers Impinj to be Fairly Valued.
Key valuation signals for MEX:PI:
Beneish M-Score: -2.94
GF Value™: MXN2,701.09 vs. price of MXN2,746.55 (1.7% above fair value)
No single metric tells the full story. See the MEX:PI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Impinj Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's identity, location, and authenticity to business and consumer applications. Its platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs. Geographically, the company has a business presence in the Americas, Asia Pacific, Europe, Middle East and Africa, of which key revenue is derived from the operations in the Asia Pacific region.
55GF Score
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