Enpro (NPO) Beneish M-Score: -2.48 (As of Jul. 31, 2026)

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NPO Enpro Inc NPO
81 GF Score
Price $314.32
GF Value $189.18
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Enpro Beneish M-Score?

Enpro NPO +0.44% 81 Beneish M-Score is -2.48 as of Jul. 31, 2026. GuruFocus rates NPO with a GF Score™ of 81/100 and a GF Value™ of $189.18 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,909 Industrial Products companies, Enpro ranks better than 51.8% 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 -2.48 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

NPO' s Beneish M-Score Range Over the Past 10 Years
Min: -3.18   Med: -2.58   Max: -1.7
Current: -2.48

During the past 13 years, the highest Beneish M-Score of Enpro was -1.70. The lowest was -3.18. And the median was -2.58.


Enpro Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Enpro'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.

Enpro Beneish M-Score Chart

Enpro Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.75 -2.19 -2.82 -2.62 -2.45

Enpro 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 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 -2.59 -2.58 -2.58 -2.45 -2.48

NPO vs JBTM, GTES, MIDD: Beneish M-Score Comparison

For the Specialty Industrial Machinery subindustry, Enpro'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.


Enpro Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Enpro's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Enpro's Beneish M-Score falls into.


NPO
81GF Score
Enpro Inc NPO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Enpro 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 Enpro 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 * 1.0307+0.528 * 1.0083+0.404 * 1.0643+0.892 * 1.1021+0.115 * 1.0695
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0253+4.679 * -0.037412-0.327 * 0.9475
=-2.48

* 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 $164 Mil.
Revenue was 303 + 295.4 + 286.6 + 288.1 = $1,173 Mil.
Gross Profit was 130 + 124.3 + 120.2 + 124.8 = $499 Mil.
Total Current Assets was $433 Mil.
Total Assets was $2,636 Mil.
Property, Plant and Equipment(Net PPE) was $221 Mil.
Depreciation, Depletion and Amortization(DDA) was $105 Mil.
Selling, General, & Admin. Expense(SGA) was $333 Mil.
Total Current Liabilities was $197 Mil.
Long-Term Debt & Capital Lease Obligation was $605 Mil.
Net Income was 27.4 + -32 + 21.6 + 26.4 = $43 Mil.
Non Operating Income was -0.8 + -71.9 + -2.4 + -2.7 = $-78 Mil.
Cash Flow from Operations was 39.6 + 62.7 + 65.3 + 52.2 = $220 Mil.
Total Receivables was $144 Mil.
Revenue was 273.2 + 258.4 + 260.9 + 271.9 = $1,064 Mil.
Gross Profit was 118.2 + 109.3 + 110.3 + 119 = $457 Mil.
Total Current Assets was $544 Mil.
Total Assets was $2,507 Mil.
Property, Plant and Equipment(Net PPE) was $192 Mil.
Depreciation, Depletion and Amortization(DDA) was $101 Mil.
Selling, General, & Admin. Expense(SGA) was $295 Mil.
Total Current Liabilities was $184 Mil.
Long-Term Debt & Capital Lease Obligation was $620 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)
=(163.8 / 1173.1) / (144.2 / 1064.4)
=0.13963 / 0.135475
=1.0307

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)
=(456.8 / 1064.4) / (499.3 / 1173.1)
=0.429162 / 0.425624
=1.0083

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 - (433.2 + 221.3) / 2635.5) / (1 - (544.2 + 192.1) / 2506.6)
=0.75166 / 0.706255
=1.0643

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
=1173.1 / 1064.4
=1.1021

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))
=(100.9 / (100.9 + 192.1)) / (105.1 / (105.1 + 221.3))
=0.344369 / 0.321998
=1.0695

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)
=(333 / 1173.1) / (294.7 / 1064.4)
=0.283863 / 0.27687
=1.0253

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)
=((605.2 + 196.5) / 2635.5) / ((620.4 + 184.3) / 2506.6)
=0.304193 / 0.321032
=0.9475

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
=(43.4 - -77.8 - 219.8) / 2635.5
=-0.037412

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.

Enpro has a M-score of -2.48 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 -2.48 mean?
Enpro (NPO) has a Beneish M-Score of -2.48 as of Jul. 31, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Enpro and its competitors. According to the industry distribution chart, Enpro ranks #1402 out of 2909 companies in the Industrial Products industry, placing it in the top 48.2%.
Is Enpro's Beneish M-Score too high?
Enpro's current Beneish M-Score is -2.48. Based on the distribution chart, Enpro ranks #1402 out of 2909 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Enpro has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Enpro's Beneish M-Score compare to JBTM and GTES?
According to the Industrial Products industry distribution chart, Enpro ranks #1402 out of 2909 companies for Beneish M-Score. This puts Enpro 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Enpro and its competitors. Enpro's current Beneish M-Score is -2.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enpro stock overvalued right now?
Based on GuruFocus' analysis, Enpro (NPO) is currently considered Significantly Overvalued. The stock's GF Value™ is $189.18, compared to a current price of $314.32 — trading 66.1% above its estimated fair value. The current Beneish M-Score is -2.48. Enpro's overall GF Score™ is 81/100 with 1 warning sign 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 Enpro (NPO), the current Beneish M-Score is -2.48 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 Enpro (NPO) Overvalued in 2026?

Based on GuruFocus' analysis, Enpro stock appears to be overvalued. The current stock price of $314.32 is trading 66.1% above its estimated GF Value™ of $189.18. GuruFocus considers Enpro to be Significantly Overvalued.

Key valuation signals for NPO:

  • Beneish M-Score: -2.48
  • GF Value™: $189.18 vs. price of $314.32 (66.1% above fair value)
  • GF Score™: 81/100 with 1 warning sign

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


Enpro Business Description

Other Exchanges EP9:Germany
Address 5605 Carnegie Boulevard, Suite 500, Charlotte, NC, USA, 28209
Enpro Inc formerly EnPro Industries Inc is a United States-based company that designs, develops, manufactures, and markets proprietary engineered industrial products. The company operates through two segments: Sealing Technologies, which derives maximum revenue, manufactures and markets sealing products, wheel-end components & systems; and Advanced Surface Technologies, which manufactures wafer processing sub-systems, thin-film coatings, optical filters, and other services like cleaning, coating, testing, and refurbishment. Its geographical segments are the United States, Europe, and other foreign countries.
81GF Score

Get the complete analysis for NPO

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

$314.32
Price
$189.18
GF Value