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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 -3.05 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Texas Instruments's Beneish M-Score or its related term are showing as below:
MEX:TXN'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.11 Med: -2.62 Max: -2.15
Current: -3.05
During the past 13 years, the highest Beneish M-Score of Texas Instruments was -2.15. The lowest was -3.11. And the median was -2.62.
Texas Instruments Beneish M-Score Related Terms
Texas Instruments Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Texas Instruments'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:TXN vs MRVL, QCOM, ADI: Beneish M-Score Comparison
For the Semiconductors subindustry, Texas Instruments'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.
Texas Instruments Beneish M-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Texas Instruments's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Texas Instruments'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 Texas Instruments 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 * 0.6116
+
0.528 * 1.0119
+
0.404 * 0.9363
+
0.892 * 1.0591
+
0.115 * 0.8012
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8919
+
4.679 * -0.074413
-
0.327 * 1.0237
=
-3.16
* 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))
=
(33051.13 / (33051.13 + 241631.8))
/
(38704.348 / (38704.348 + 219007.142))
=
0.120325
/
0.150185
=
0.8012
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
=
(98206.454 - 1166.912
-
143190.662)
/
620198.652
=
-0.074413
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.
Texas Instruments has a M-score of -3.16 suggests that the company is unlikely to be a manipulator.
Texas Instruments (MEX:TXN) has a Beneish M-Score of -3.05 as of Jul. 17, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Texas Instruments and its competitors. According to the industry distribution chart, Texas Instruments ranks #160 out of 987 companies in the Semiconductors industry, placing it in the top 16.2%.
Is Texas Instruments' Beneish M-Score too high?
Texas Instruments' current Beneish M-Score is -3.05. Based on the distribution chart, Texas Instruments ranks #160 out of 987 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Texas Instruments has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Texas Instruments' Beneish M-Score compare to MRVL and QCOM?
According to the Semiconductors industry distribution chart, Texas Instruments ranks #160 out of 987 companies for Beneish M-Score. This places Texas Instruments in the top 16% 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 Texas Instruments and its competitors. Texas Instruments's current Beneish M-Score is -3.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Texas Instruments stock overvalued right now?
Based on GuruFocus' analysis, Texas Instruments (MEX:TXN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN3,724.99, compared to a current price of MXN5,050.00 — trading 35.6% above its estimated fair value. The current Beneish M-Score is -3.05. Texas Instruments' overall GF Score™ is 68/100 with 10 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 Texas Instruments (MEX:TXN), the current Beneish M-Score is -3.05 as of Jul. 17, 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 Texas Instruments (MEX:TXN) Overvalued in 2026?
Based on GuruFocus' analysis, Texas Instruments stock appears to be overvalued.
The current stock price of MXN5,050.00 is trading 35.6% above its estimated GF Value™ of MXN3,724.99.
GuruFocus considers Texas Instruments to be Significantly Overvalued.
Key valuation signals for MEX:TXN:
Beneish M-Score: -3.05
GF Value™: MXN3,724.99 vs. price of MXN5,050.00 (35.6% above fair value)
No single metric tells the full story. See the MEX:TXN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dallas-based Texas Instruments generates over 95% of its revenue from semiconductors and the remainder from its well-known calculators. Texas Instruments is the world's largest maker of analog chips, which are used to process real-world signals such as sound and power. Texas Instruments also has a leading market share position in processors and microcontrollers used in a wide variety of electronics applications.
68GF Score
Get the complete analysis for MEX:TXN
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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