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Stryker Corp MEX:SYK
Stryker MEX:SYK +0.68% 92 Beneish M-Score is -2.77 as of Jul. 15, 2026. GuruFocus rates MEX:SYK with a GF Score™ of 92/100 and a GF Value™ of MXN7,306.10 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 763 Medical Devices & Instruments companies, Stryker ranks better than 66.45% 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 -2.77 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Stryker's Beneish M-Score or its related term are showing as below:
During the past 13 years, the highest Beneish M-Score of Stryker was -2.04. The lowest was -2.77. And the median was -2.40.
The historical data trend for Stryker'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.
| Stryker 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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-2.49 | -2.27 | -2.52 | -2.49 | -2.64 | |||||||||||||
| Stryker 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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-2.44 | -2.54 | -2.57 | -2.64 | -2.77 | ||
For the Medical Devices subindustry, Stryker'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 Medical Devices & Instruments industry and Healthcare sector, Stryker's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Stryker'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 Stryker 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 * 0.7939 | + | 0.528 * 1.0025 | + | 0.404 * 0.981 | + | 0.892 * 1.0009 | + | 0.115 * 0.9334 | |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI | |||||||
| - | 0.172 * 0.9727 | + | 4.679 * -0.049238 | - | 0.327 * 0.9149 | |||||||
| = | -2.88 |
* 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 MXN64,395 Mil. Revenue was 108556.854 + 129118.875 + 111110.819 + 113389.442 = MXN462,176 Mil. Gross Profit was 68704.587 + 83330.38 + 70661.858 + 72322.957 = MXN295,020 Mil. Total Current Assets was MXN240,520 Mil. Total Assets was MXN834,752 Mil. Property, Plant and Equipment(Net PPE) was MXN70,093 Mil. Depreciation, Depletion and Amortization(DDA) was MXN22,341 Mil. Selling, General, & Admin. Expense(SGA) was MXN157,891 Mil. Total Current Liabilities was MXN113,877 Mil. Long-Term Debt & Capital Lease Obligation was MXN256,497 Mil. Net Income was 13434.362 + 15286.839 + 15757.668 + 16645.013 = MXN61,124 Mil. Non Operating Income was 1118.027 + 9020.856 + -3283.612 + -2862.038 = MXN3,993 Mil. Cash Flow from Operations was 10476.999 + 38586.215 + 28250.068 + 20919.241 = MXN98,233 Mil. |
Total Receivables was MXN81,035 Mil. Revenue was 120007.801 + 134227.285 + 108178.508 + 99331.599 = MXN461,745 Mil. Gross Profit was 76595.501 + 87051.692 + 69250.785 + 62581.472 = MXN295,479 Mil. Total Current Assets was MXN266,407 Mil. Total Assets was MXN941,200 Mil. Property, Plant and Equipment(Net PPE) was MXN72,340 Mil. Depreciation, Depletion and Amortization(DDA) was MXN21,074 Mil. Selling, General, & Admin. Expense(SGA) was MXN162,168 Mil. Total Current Liabilities was MXN162,213 Mil. Long-Term Debt & Capital Lease Obligation was MXN294,250 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) |
| = | (64394.772 / 462175.99) | / | (81034.93 / 461745.193) | |
| = | 0.13933 | / | 0.175497 | |
| = | 0.7939 |
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) | |
| = | (295479.45 / 461745.193) | / | (295019.782 / 462175.99) | |
| = | 0.639919 | / | 0.638328 | |
| = | 1.0025 |
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 - (240520.153 + 70093.105) / 834751.716) | / | (1 - (266406.681 + 72340.195) / 941199.95) | |
| = | 0.627897 | / | 0.64009 | |
| = | 0.981 |
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 | |
| = | 462175.99 | / | 461745.193 | |
| = | 1.0009 |
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)) |
| = | (21074.122 / (21074.122 + 72340.195)) | / | (22341.412 / (22341.412 + 70093.105)) | |
| = | 0.225598 | / | 0.2417 | |
| = | 0.9334 |
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) |
| = | (157891.079 / 462175.99) | / | (162168.048 / 461745.193) | |
| = | 0.341625 | / | 0.351207 | |
| = | 0.9727 |
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) |
| = | ((256497.125 + 113876.501) / 834751.716) | / | ((294250.291 + 162213.068) / 941199.95) | |
| = | 0.443693 | / | 0.48498 | |
| = | 0.9149 |
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 | |
| = | (61123.882 - 3993.233 | - | 98232.523) | / | 834751.716 | |
| = | -0.049238 |
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.
Stryker has a M-score of -2.88 suggests that the company is unlikely to be a manipulator.
Based on GuruFocus' analysis, Stryker stock appears to be undervalued. The current stock price of MXN5,500.00 is trading 24.7% below its estimated GF Value™ of MXN7,306.10. GuruFocus considers Stryker to be Modestly Undervalued.
Key valuation signals for MEX:SYK:
No single metric tells the full story. See the MEX:SYK 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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