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 -1.92 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for RCM Technologies's Beneish M-Score or its related term are showing as below:
RCMT'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.31 Med: -2.38 Max: -1.41
Current: -1.92
During the past 13 years, the highest Beneish M-Score of RCM Technologies was -1.41. The lowest was -4.31. And the median was -2.38.
RCM Technologies Beneish M-Score Related Terms
RCM Technologies Beneish M-Score Historical Data
* Premium members only.
The historical data trend for RCM Technologies'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.
RCMT vs NNBR, TUSK, BOOM: Beneish M-Score Comparison
For the Conglomerates subindustry, RCM Technologies'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.
RCM Technologies Beneish M-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, RCM Technologies's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where RCM Technologies'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 RCM Technologies 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 * 1.1119
+
0.528 * 1.011
+
0.404 * 0.8904
+
0.892 * 1.093
+
0.115 * 0.9753
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9774
+
4.679 * 0.083191
-
0.327 * 0.9323
=
-1.92
* 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))
=
(2.194 / (2.194 + 12.511))
/
(2.048 / (2.048 + 11.34))
=
0.149201
/
0.152973
=
0.9753
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
=
(15.992 - -0.241
-
4.975)
/
135.327
=
0.083191
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.
RCM Technologies has a M-score of -1.92 suggests that the company is unlikely to be a manipulator.
RCM Technologies (RCMT) has a Beneish M-Score of -1.92 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on RCM Technologies and its competitors. According to the industry distribution chart, RCM Technologies ranks #457 out of 538 companies in the Conglomerates industry, placing it in the top 84.9%.
Is RCM Technologies' Beneish M-Score too high?
RCM Technologies' current Beneish M-Score is -1.92. Based on the distribution chart, RCM Technologies ranks #457 out of 538 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, RCM Technologies has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does RCM Technologies' Beneish M-Score compare to NNBR and TUSK?
According to the Conglomerates industry distribution chart, RCM Technologies ranks #457 out of 538 companies for Beneish M-Score. This places RCM Technologies 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 Conglomerates company?
A good Beneish M-Score depends on the Conglomerates 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 RCM Technologies and its competitors. RCM Technologies's current Beneish M-Score is -1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RCM Technologies stock overvalued right now?
Based on GuruFocus' analysis, RCM Technologies (RCMT) is currently considered Fairly Valued. The stock's GF Value™ is $27.35, compared to a current price of $28.17 — trading 3% above its estimated fair value. The current Beneish M-Score is -1.92. RCM Technologies' overall GF Score™ is 76/100 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 RCM Technologies (RCMT), the current Beneish M-Score is -1.92 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 RCM Technologies (RCMT) Overvalued in 2026?
Based on GuruFocus' analysis, RCM Technologies stock appears to be overvalued.
The current stock price of $28.17 is trading 3% above its estimated GF Value™ of $27.35.
GuruFocus considers RCM Technologies to be Fairly Valued.
Key valuation signals for RCMT:
Beneish M-Score: -1.92
GF Value™: $27.35 vs. price of $28.17 (3% above fair value)
No single metric tells the full story. See the RCMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
RCM Technologies Inc is a provider of business and technology solutions designed to enhance and maximize the operational performance of its customers. It operates in three segments: Specialty Health Care, Engineering, and Life Sciences, Data and Solutions (LS&D). The company generates maximum revenue from the Specialty Health Care segment that provides staffing solutions, including medical healthcare professionals, health information management professionals, nurses, paraprofessionals, physicians, and therapists. Geographically, it derives a majority of its revenue from the United States and also has a presence in Canada, Puerto Rico, and Europe.
76GF Score
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