QuantumQMCO -20.65%41 Beneish M-Score is -2.81 as of Jun. 26, 2026. GuruFocus rates QMCO with a GF Score™ of 41/100 and a GF Value™ of $3.48 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,404 Hardware companies, Quantum ranks better than 74.17% 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 -2.81 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Quantum's Beneish M-Score or its related term are showing as below:
QMCO'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.15 Med: -2.76 Max: -0.71
Current: -2.81
During the past 13 years, the highest Beneish M-Score of Quantum was -0.71. The lowest was -4.15. And the median was -2.76.
Quantum Beneish M-Score Related Terms
Quantum Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Quantum'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.
QMCO vs QTEX, VTIX, ALOT: Beneish M-Score Comparison
For the Computer Hardware subindustry, Quantum'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.
Quantum Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Quantum's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Quantum'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 Quantum 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 * 1.3004
+
0.528 * 1.0874
+
0.404 * 0.8408
+
0.892 * 1.0202
+
0.115 * 0.9116
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8087
+
4.679 * -0.008802
-
0.327 * 1.1297
=
-2.26
* 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))
=
(5.598 / (5.598 + 19.958))
/
(5.282 / (5.282 + 16.7))
=
0.219048
/
0.240288
=
0.9116
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
=
(-101.046 - -61.809
-
-37.856)
/
156.892
=
-0.008802
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.
Quantum has a M-score of -2.26 suggests that the company is unlikely to be a manipulator.
Quantum (QMCO) has a Beneish M-Score of -2.81 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Quantum and its competitors. According to the industry distribution chart, Quantum ranks #621 out of 2404 companies in the Hardware industry, placing it in the top 25.8%.
Is Quantum's Beneish M-Score too high?
Quantum's current Beneish M-Score is -2.81. Based on the distribution chart, Quantum ranks #621 out of 2404 companies in the Hardware industry, which is above the industry midpoint. Overall, Quantum has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Quantum's Beneish M-Score compare to QTEX and VTIX?
According to the Hardware industry distribution chart, Quantum ranks #621 out of 2404 companies for Beneish M-Score. This puts Quantum 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 Quantum and its competitors. Quantum's current Beneish M-Score is -2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quantum stock overvalued right now?
Based on GuruFocus' analysis, Quantum (QMCO) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.48, compared to a current price of $10.26 — trading 194.8% above its estimated fair value. The current Beneish M-Score is -2.81. Quantum's overall GF Score™ is 41/100 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 Quantum (QMCO), the current Beneish M-Score is -2.81 as of Jun. 26, 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 Quantum (QMCO) Overvalued in 2026?
Based on GuruFocus' analysis, Quantum stock appears to be overvalued.
The current stock price of $10.26 is trading 194.8% above its estimated GF Value™ of $3.48.
GuruFocus considers Quantum to be Significantly Overvalued.
Key valuation signals for QMCO:
Beneish M-Score: -2.81
GF Value™: $3.48 vs. price of $10.26 (194.8% above fair value)
No single metric tells the full story. See the QMCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quantum Corp is a United States-based company that delivers end-to-end data management solutions designed for unstructured data in the era of artificial intelligence (AI). It provides one of the comprehensive and cost-efficient solutions for the entire data lifecycle. The group provides solutions for video, images, audio, and other large files because this unstructured data represents. Its portfolio of products includes primary storage software and systems, secondary storage software and systems, as well as devices and media. The group operates in three geographic regions: Americas, Europe, the Middle East, and Africa (EMEA), and Asia Pacific (APAC).
41GF Score
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