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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 -2.74 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Murata Manufacturing Co's Beneish M-Score or its related term are showing as below:
MRAAF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.16 Med: -2.68 Max: -2.41
Current: -2.74
During the past 13 years, the highest Beneish M-Score of Murata Manufacturing Co was -2.41. The lowest was -3.16. And the median was -2.68.
* 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.
MRAAF vs APH, GLW, TEL: Beneish M-Score Comparison
For the Electronic Components subindustry, Murata Manufacturing Co'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.
Murata Manufacturing Co Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Murata Manufacturing Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Murata Manufacturing Co's Beneish M-Score falls into.
Murata Manufacturing Co 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 Murata Manufacturing Co 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 * 1.0041
+
0.528 * 0.974
+
0.404 * 0.8625
+
0.892 * 1.0427
+
0.115 * 1.0031
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0171
+
4.679 * -0.061025
-
0.327 * 1.0456
=
-2.81
* 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))
=
(1150.201 / (1150.201 + 8372.139))
/
(1173.669 / (1173.669 + 8573.373))
=
0.12079
/
0.120413
=
1.0031
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
=
(1545.839 - 0
-
2776.134)
/
20160.351
=
-0.061025
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.
Murata Manufacturing Co has a M-score of -2.81 suggests that the company is unlikely to be a manipulator.
Murata Manufacturing Co (MRAAF) has a Beneish M-Score of -2.74 as of Jul. 31, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Murata Manufacturing Co and its competitors. According to the industry distribution chart, Murata Manufacturing Co ranks #684 out of 2402 companies in the Hardware industry, placing it in the top 28.5%.
Is Murata Manufacturing Co's Beneish M-Score too high?
Murata Manufacturing Co's current Beneish M-Score is -2.74. Based on the distribution chart, Murata Manufacturing Co ranks #684 out of 2402 companies in the Hardware industry, which is above the industry midpoint. Overall, Murata Manufacturing Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Murata Manufacturing Co's Beneish M-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Murata Manufacturing Co ranks #684 out of 2402 companies for Beneish M-Score. This puts Murata Manufacturing Co in the upper 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 Murata Manufacturing Co and its competitors. Murata Manufacturing Co's current Beneish M-Score is -2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Murata Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Murata Manufacturing Co (MRAAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $22.06, compared to a current price of $45.89 — trading 108% above its estimated fair value. The current Beneish M-Score is -2.74. Murata Manufacturing Co's overall GF Score™ is 70/100 with 2 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 Murata Manufacturing Co (MRAAF), the current Beneish M-Score is -2.74 as of Jul. 31, 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 Murata Manufacturing Co (MRAAF) Overvalued in 2026?
Based on GuruFocus' analysis, Murata Manufacturing Co stock appears to be overvalued.
The current stock price of $45.89 is trading 108% above its estimated GF Value™ of $22.06.
GuruFocus considers Murata Manufacturing Co to be Significantly Overvalued.
Key valuation signals for MRAAF:
Beneish M-Score: -2.74
GF Value™: $22.06 vs. price of $45.89 (108% above fair value)
No single metric tells the full story. See the MRAAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Murata Manufacturing produces passive components for electronic devices. Passive components are necessary for all electronic circuits, used to enable wireless communication, store electricity and handle electric flow, remove electromagnetic noise from circuits, and so on. Thus, passive components are imperative for electronic circuits. For instance, one high-end smartphone contains more than 1,000 passive components. Murata Manufacturing is the world's leading supplier of passive components, such as MLCC and SAW filters.
70GF Score
Get the complete analysis for MRAAF
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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