Scientific IndustriesSCND 31 Beneish M-Score is -2.40 as of Jun. 25, 2026. GuruFocus rates SCND with a GF Score™ of 31/100 and a GF Value™ of $0.75 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,403 Hardware companies, Scientific Industries ranks worse than 55.64% 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 -2.4 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Scientific Industries's Beneish M-Score or its related term are showing as below:
SCND'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.89 Med: -2.8 Max: -0.86
Current: -2.4
During the past 13 years, the highest Beneish M-Score of Scientific Industries was -0.86. The lowest was -4.89. And the median was -2.80.
Scientific Industries Beneish M-Score Related Terms
Scientific Industries Beneish M-Score Historical Data
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The historical data trend for Scientific Industries'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.
SCND vs LCTC, QURT, SOBR: Beneish M-Score Comparison
For the Scientific & Technical Instruments subindustry, Scientific Industries'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.
Scientific Industries Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Scientific Industries's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Scientific Industries'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 Scientific Industries 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 * 0.4478
+
0.528 * 1.4217
+
0.404 * 0.4494
+
0.892 * 1.0616
+
0.115 * 1.1304
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8103
+
4.679 * 0.080512
-
0.327 * 0.6754
=
-2.40
* 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))
=
(0.729 / (0.729 + 1.835))
/
(0.498 / (0.498 + 1.482))
=
0.284321
/
0.251515
=
1.1304
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
=
(-1.031 - 5.697
-
-7.622)
/
11.104
=
0.080512
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.
Scientific Industries has a M-score of -2.40 suggests that the company is unlikely to be a manipulator.
Scientific Industries (SCND) has a Beneish M-Score of -2.40 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Scientific Industries and its competitors. According to the industry distribution chart, Scientific Industries ranks #1337 out of 2403 companies in the Hardware industry, placing it in the top 55.6%.
Is Scientific Industries' Beneish M-Score too high?
Scientific Industries' current Beneish M-Score is -2.40. Based on the distribution chart, Scientific Industries ranks #1337 out of 2403 companies in the Hardware industry, which is below the industry midpoint. Overall, Scientific Industries has a GF Score™ of 31/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Scientific Industries' Beneish M-Score compare to LCTC and QURT?
According to the Hardware industry distribution chart, Scientific Industries ranks #1337 out of 2403 companies for Beneish M-Score. This places Scientific Industries 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 Scientific Industries and its competitors. Scientific Industries's current Beneish M-Score is -2.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scientific Industries stock overvalued right now?
Based on GuruFocus' analysis, Scientific Industries (SCND) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.75, compared to a current price of $0.56 — trading 24.8% below its estimated fair value. The current Beneish M-Score is -2.40. Scientific Industries' overall GF Score™ is 31/100 with 4 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 Scientific Industries (SCND), the current Beneish M-Score is -2.40 as of Jun. 25, 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 Scientific Industries (SCND) Overvalued in 2026?
Based on GuruFocus' analysis, Scientific Industries stock appears to be undervalued.
The current stock price of $0.56 is trading 24.8% below its estimated GF Value™ of $0.75.
GuruFocus considers Scientific Industries to be Modestly Undervalued.
Key valuation signals for SCND:
Beneish M-Score: -2.40
GF Value™: $0.75 vs. price of $0.56 (24.8% below fair value)
No single metric tells the full story. See the SCND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Scientific Industries Inc is engaged in the design, manufacture, and marketing of benchtop laboratory equipment. Its products are used for research purposes by universities, pharmaceutical companies, pharmacies, national laboratories, medical device manufacturers, petrochemical companies, and other industries performing laboratory-scale research. The company's operating segment includes Benchtop Laboratory Equipment, Bioprocessing Systems and Corporate. It generates maximum revenue from the Benchtop Laboratory Equipment segment. The company offers equipment products such as mixers, shakers, stirrers, refrigerated incubators, pharmacy balances and scales, force gauges, catalyst instruments, reactor systems, and high throughput systems.
31GF Score
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