NRIX (Nurix Therapeutics) Beneish M-Score: -4.55 (As of Aug. 07, 2026)

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NRIX Nurix Therapeutics Inc NRIX
61 GF Score
Price $25.22
GF Value $6.41
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Nurix Therapeutics Beneish M-Score?

Nurix Therapeutics NRIX +0.36% 61 Beneish M-Score is -4.55 as of Aug. 07, 2026. GuruFocus rates NRIX with a GF Score™ of 61/100 and a GF Value™ of $6.41 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 822 Biotechnology companies, Nurix Therapeutics ranks better than 92.7% 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 -4.55 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

NRIX' s Beneish M-Score Range Over the Past 10 Years
Min: -4.55   Med: -2.86   Max: -1.41
Current: -4.55

During the past 8 years, the highest Beneish M-Score of Nurix Therapeutics was -1.41. The lowest was -4.55. And the median was -2.86.


Nurix Therapeutics Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Nurix Therapeutics'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.

Nurix Therapeutics Beneish M-Score Chart

Nurix Therapeutics Annual Data
Trend Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Beneish M-Score
Get a 7-Day Free Trial -2.84 -3.62 -2.86 -3.18 -1.68

Nurix Therapeutics Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 -2.21 -2.33 -1.68 -2.45 -4.55

NRIX vs PHVS, NKTR, TRVI: Beneish M-Score Comparison

For the Biotechnology subindustry, Nurix Therapeutics'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.


Nurix Therapeutics Beneish M-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Nurix Therapeutics's Beneish M-Score distribution charts can be found below:

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


NRIX
61GF Score
Nurix Therapeutics Inc NRIX
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nurix Therapeutics 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 Nurix Therapeutics 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+0.528 * 1+0.404 * 1.3651+0.892 * 0.416+0.115 * 1.0326
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 2.8333+4.679 * -0.08897-0.327 * 1.1464
=-4.55

* 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 (May26) TTM:Last Year (May25) TTM:
Total Receivables was $0.00 Mil.
Revenue was 9.043 + 6.252 + 13.577 + 7.894 = $36.77 Mil.
Gross Profit was 9.043 + 6.252 + 13.577 + 7.894 = $36.77 Mil.
Total Current Assets was $456.48 Mil.
Total Assets was $535.54 Mil.
Property, Plant and Equipment(Net PPE) was $70.11 Mil.
Depreciation, Depletion and Amortization(DDA) was $17.26 Mil.
Selling, General, & Admin. Expense(SGA) was $57.01 Mil.
Total Current Liabilities was $72.02 Mil.
Long-Term Debt & Capital Lease Obligation was $54.92 Mil.
Net Income was -89.535 + -87.174 + -78.221 + -86.421 = $-341.35 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was -96.573 + -71.914 + -67.832 + -57.385 = $-293.70 Mil.
Total Receivables was $19.00 Mil.
Revenue was 44.056 + 18.453 + 13.284 + 12.588 = $88.38 Mil.
Gross Profit was 44.056 + 18.453 + 13.284 + 12.588 = $88.38 Mil.
Total Current Assets was $515.33 Mil.
Total Assets was $591.56 Mil.
Property, Plant and Equipment(Net PPE) was $68.99 Mil.
Depreciation, Depletion and Amortization(DDA) was $17.67 Mil.
Selling, General, & Admin. Expense(SGA) was $48.37 Mil.
Total Current Liabilities was $75.61 Mil.
Long-Term Debt & Capital Lease Obligation was $46.70 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)
=(0 / 36.766) / (19 / 88.381)
=0 / 0.214978
=0

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)
=(88.381 / 88.381) / (36.766 / 36.766)
=1 / 1
=1

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 - (456.481 + 70.114) / 535.54) / (1 - (515.33 + 68.987) / 591.555)
=0.016703 / 0.012236
=1.3651

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
=36.766 / 88.381
=0.416

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))
=(17.674 / (17.674 + 68.987)) / (17.257 / (17.257 + 70.114))
=0.203944 / 0.197514
=1.0326

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)
=(57.011 / 36.766) / (48.371 / 88.381)
=1.550645 / 0.547301
=2.8333

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)
=((54.922 + 72.02) / 535.54) / ((46.696 + 75.614) / 591.555)
=0.237036 / 0.20676
=1.1464

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
=(-341.351 - 0 - -293.704) / 535.54
=-0.08897

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.

Nurix Therapeutics has a M-score of -4.55 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 -4.55 mean?
Nurix Therapeutics (NRIX) has a Beneish M-Score of -4.55 as of Aug. 07, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Nurix Therapeutics and its competitors. According to the industry distribution chart, Nurix Therapeutics ranks #60 out of 822 companies in the Biotechnology industry, placing it in the top 7.3%.
Is Nurix Therapeutics' Beneish M-Score too high?
Nurix Therapeutics' current Beneish M-Score is -4.55. Based on the distribution chart, Nurix Therapeutics ranks #60 out of 822 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Nurix Therapeutics has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nurix Therapeutics' Beneish M-Score compare to PHVS and NKTR?
According to the Biotechnology industry distribution chart, Nurix Therapeutics ranks #60 out of 822 companies for Beneish M-Score. This places Nurix Therapeutics in the top 7% 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 Biotechnology company?
A good Beneish M-Score depends on the Biotechnology 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 Nurix Therapeutics and its competitors. Nurix Therapeutics's current Beneish M-Score is -4.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nurix Therapeutics stock overvalued right now?
Based on GuruFocus' analysis, Nurix Therapeutics (NRIX) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.41, compared to a current price of $25.22 — trading 293.4% above its estimated fair value. The current Beneish M-Score is -4.55. Nurix Therapeutics' overall GF Score™ is 61/100 with 6 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 Nurix Therapeutics (NRIX), the current Beneish M-Score is -4.55 as of Aug. 07, 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 Nurix Therapeutics (NRIX) Overvalued in 2026?

Based on GuruFocus' analysis, Nurix Therapeutics stock appears to be overvalued. The current stock price of $25.22 is trading 293.4% above its estimated GF Value™ of $6.41. GuruFocus considers Nurix Therapeutics to be Significantly Overvalued.

Key valuation signals for NRIX:

  • Beneish M-Score: -4.55
  • GF Value™: $6.41 vs. price of $25.22 (293.4% above fair value)
  • GF Score™: 61/100 with 6 warning signs

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


Nurix Therapeutics Business Description

Address 1600 Sierra Point Parkway, Brisbane, CA, USA, 94005
Nurix Therapeutics Inc is a clinical-stage biopharmaceutical company focused on the discovery, development, and potential commercialization of targeted protein degradation therapies for cancer and inflammatory diseases. It utilizes an integrated discovery platform that incorporates artificial intelligence and ligase expertise to support its research activities. The company's pipeline includes Bexobrutideg (NX-5948), Zelebrudomide (NX-2127), NX-1607 and BRAF degrader. These drug candidates target specific proteins involved in immune and cancer-related pathways. It operates in a single business segment.
61GF Score

Get the complete analysis for NRIX

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

$25.22
Price
$6.41
GF Value