NSIT (Insight Enterprises) Beneish M-Score: -2.31 (As of Jun. 24, 2026)


NSIT Insight Enterprises Inc NSIT
73 GF Score
Price $113.44
GF Value $157.26
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Insight Enterprises Beneish M-Score?

Insight Enterprises NSIT +2.49% 73 Beneish M-Score is -2.31 as of Jun. 24, 2026. GuruFocus rates NSIT with a GF Score™ of 73/100 and a GF Value™ of $157.26 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,403 Hardware companies, Insight Enterprises ranks worse than 62.8% 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 -2.31 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

NSIT' s Beneish M-Score Range Over the Past 10 Years
Min: -2.93   Med: -2.35   Max: -1.32
Current: -2.31

During the past 13 years, the highest Beneish M-Score of Insight Enterprises was -1.32. The lowest was -2.93. And the median was -2.35.


Insight Enterprises Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Insight Enterprises'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.

Insight Enterprises Beneish M-Score Chart

Insight Enterprises 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 -2.34 -2.21 -2.52 -2.59 -2.37

Insight Enterprises 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 -2.45 -2.38 -2.40 -2.37 -2.31

NSIT vs CNXN, NLST, SCSC: Beneish M-Score Comparison

For the Electronics & Computer Distribution subindustry, Insight Enterprises'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.


Insight Enterprises Beneish M-Score vs Hardware Industry

For the Hardware industry and Technology sector, Insight Enterprises's Beneish M-Score distribution charts can be found below:

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


NSIT
73GF Score
Insight Enterprises Inc NSIT
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Insight Enterprises 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 Insight Enterprises 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 * 1.4127+0.528 * 0.9355+0.404 * 0.8212+0.892 * 0.9817+0.115 * 0.8741
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0836+4.679 * -0.004077-0.327 * 1.1203
=-2.31

* 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 $6,481 Mil.
Revenue was 2127.986 + 2048.297 + 2003.845 + 2091.482 = $8,272 Mil.
Gross Profit was 462.151 + 478.428 + 434.195 + 442.327 = $1,817 Mil.
Total Current Assets was $7,453 Mil.
Total Assets was $10,055 Mil.
Property, Plant and Equipment(Net PPE) was $187 Mil.
Depreciation, Depletion and Amortization(DDA) was $109 Mil.
Selling, General, & Admin. Expense(SGA) was $1,431 Mil.
Total Current Liabilities was $6,134 Mil.
Long-Term Debt & Capital Lease Obligation was $1,469 Mil.
Net Income was 30.009 + 51.954 + 50.947 + 46.932 = $180 Mil.
Non Operating Income was -5.034 + -21.459 + -7.333 + -3.494 = $-37 Mil.
Cash Flow from Operations was 32.383 + 153.77 + 249.058 + -177.051 = $258 Mil.
Total Receivables was $4,673 Mil.
Revenue was 2103.556 + 2072.665 + 2087.886 + 2161.662 = $8,426 Mil.
Gross Profit was 406.477 + 439.638 + 432.085 + 453.365 = $1,732 Mil.
Total Current Assets was $5,390 Mil.
Total Assets was $7,923 Mil.
Property, Plant and Equipment(Net PPE) was $215 Mil.
Depreciation, Depletion and Amortization(DDA) was $102 Mil.
Selling, General, & Admin. Expense(SGA) was $1,345 Mil.
Total Current Liabilities was $4,386 Mil.
Long-Term Debt & Capital Lease Obligation was $961 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)
=(6481.425 / 8271.61) / (4673.485 / 8425.769)
=0.783575 / 0.554666
=1.4127

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)
=(1731.565 / 8425.769) / (1817.101 / 8271.61)
=0.205508 / 0.219679
=0.9355

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 - (7452.736 + 187.21) / 10055.277) / (1 - (5390.136 + 215.151) / 7922.573)
=0.240205 / 0.292492
=0.8212

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
=8271.61 / 8425.769
=0.9817

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))
=(102.03 / (102.03 + 215.151)) / (109.019 / (109.019 + 187.21))
=0.321678 / 0.368023
=0.8741

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)
=(1430.616 / 8271.61) / (1344.89 / 8425.769)
=0.172955 / 0.159616
=1.0836

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)
=((1469.032 + 6133.971) / 10055.277) / ((961.172 + 4385.8) / 7922.573)
=0.756121 / 0.674903
=1.1203

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
=(179.842 - -37.32 - 258.16) / 10055.277
=-0.004077

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.

Insight Enterprises has a M-score of -2.31 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 -2.31 mean?
Insight Enterprises (NSIT) has a Beneish M-Score of -2.31 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Insight Enterprises and its competitors. According to the industry distribution chart, Insight Enterprises ranks #1509 out of 2403 companies in the Hardware industry, placing it in the top 62.8%.
Is Insight Enterprises' Beneish M-Score too high?
Insight Enterprises' current Beneish M-Score is -2.31. Based on the distribution chart, Insight Enterprises ranks #1509 out of 2403 companies in the Hardware industry, which is below the industry midpoint. Overall, Insight Enterprises has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Insight Enterprises' Beneish M-Score compare to CNXN and NLST?
According to the Hardware industry distribution chart, Insight Enterprises ranks #1509 out of 2403 companies for Beneish M-Score. This places Insight Enterprises in the lower 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 Insight Enterprises and its competitors. Insight Enterprises's current Beneish M-Score is -2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Insight Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Insight Enterprises (NSIT) is currently considered Modestly Undervalued. The stock's GF Value™ is $157.26, compared to a current price of $113.44 — trading 27.9% below its estimated fair value. The current Beneish M-Score is -2.31. Insight Enterprises' overall GF Score™ is 73/100 with 5 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 Insight Enterprises (NSIT), the current Beneish M-Score is -2.31 as of Jun. 24, 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 Insight Enterprises (NSIT) Overvalued in 2026?

Based on GuruFocus' analysis, Insight Enterprises stock appears to be undervalued. The current stock price of $113.44 is trading 27.9% below its estimated GF Value™ of $157.26. GuruFocus considers Insight Enterprises to be Modestly Undervalued.

Key valuation signals for NSIT:

  • Beneish M-Score: -2.31
  • GF Value™: $157.26 vs. price of $113.44 (27.9% below fair value)
  • GF Score™: 73/100 with 5 warning signs

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


Insight Enterprises Business Description

Address 2701 East Insight Way, Chandler, AZ, USA, 85286
Insight Enterprises Inc is a Fortune IT provider engaged in helping businesses of all sizes, large enterprises, government agencies, schools, and healthcare organizations. The company has three geographic operating segments: North America, EMEA, and APAC. It generates maximum revenue from the North America segment. The company provides digital workplace, cloud/data center transformation, IT modernization, Cyber Security and supply chain optimization solutions and services.
73GF Score

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

$113.44
Price
$157.26
GF Value