Solid PowerSLDP -3.30%60 Beneish M-Score is 2.84 as of Jun. 24, 2026, which is 5580% above its 10-year median of 0.05. GuruFocus rates SLDP with a GF Score™ of 60/100 and a GF Value™ of $1.43 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,273 Vehicles & Parts companies, Solid Power ranks worse than 98.51% 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.
Warning Sign:
Beneish M-Score 2.84 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Solid Power's Beneish M-Score or its related term are showing as below:
SLDP'
s Beneish M-Score Range Over the Past 10 Years
Min: -9.55 Med: 0.05 Max: 58.11
Current: 2.84
During the past 7 years, the highest Beneish M-Score of Solid Power was 58.11. The lowest was -9.55. And the median was 0.05.
Solid Power Beneish M-Score Related Terms
Solid Power Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Solid Power'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.
SLDP vs FOXF, SMP, MLR: Beneish M-Score Comparison
For the Auto Parts subindustry, Solid Power'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.
Solid Power Beneish M-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Solid Power's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Solid Power'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 Solid Power 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 * 7.4184
+
0.528 * -0.0725
+
0.404 * 2.0926
+
0.892 * 0.7712
+
0.115 * 0.8414
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1985
+
4.679 * -0.043097
-
0.327 * 0.9919
=
2.84
* 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))
=
(18.111 / (18.111 + 101.992))
/
(19.965 / (19.965 + 91.43))
=
0.150796
/
0.179227
=
0.8414
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
=
(-91.288 - -1.526
-
-65.855)
/
554.728
=
-0.043097
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.
Solid Power has a M-score of 2.84 signals that the company is likely to be a manipulator.
Solid Power (SLDP) has a Beneish M-Score of 2.84 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Solid Power and its competitors. This is 5580% above median its historical median of 0.05. According to the industry distribution chart, Solid Power ranks #1254 out of 1273 companies in the Vehicles & Parts industry, placing it in the top 98.5%.
Is Solid Power's Beneish M-Score too high?
Solid Power's current Beneish M-Score of 2.84 is 5580% above median its 10-year median of 0.05. Based on the distribution chart, Solid Power ranks #1254 out of 1273 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Solid Power has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Solid Power's Beneish M-Score compare to FOXF and SMP?
According to the Vehicles & Parts industry distribution chart, Solid Power ranks #1254 out of 1273 companies for Beneish M-Score. This places Solid Power 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Solid Power and its competitors. Solid Power's current Beneish M-Score is 2.84, which is 5580% above median its own 10-year median of 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solid Power stock overvalued right now?
Based on GuruFocus' analysis, Solid Power (SLDP) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.43, compared to a current price of $2.65 — trading 85.3% above its estimated fair value. The current Beneish M-Score is 2.84, which is 5580% above median its 10-year median of 0.05. Solid Power's overall GF Score™ is 60/100 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 Solid Power (SLDP), the current Beneish M-Score is 2.84 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 Solid Power (SLDP) Overvalued in 2026?
Based on GuruFocus' analysis, Solid Power stock appears to be overvalued.
The current stock price of $2.65 is trading 85.3% above its estimated GF Value™ of $1.43.
GuruFocus considers Solid Power to be Significantly Overvalued.
Key valuation signals for SLDP:
Beneish M-Score: 2.84 (5580% above median its 10-year median of 0.05)
GF Value™: $1.43 vs. price of $2.65 (85.3% above fair value)
No single metric tells the full story. See the SLDP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Solid Power Inc develops solid-state battery technology and manufacturing processes. Its sulfide-based solid electrolyte material replaces the liquid or gel electrolyte used in traditional lithium-ion battery cells and enables improvement in energy density, battery life and safety performance. The company produces electrolytes on two pilot manufacturing lines using a batch manufacturing process for customer sampling and internal cell development, and manufactures solid-state cells on pre-pilot and pilot cell manufacturing lines. Its cell manufacturing processes are developed around industry-standard lithium-ion battery manufacturing processes and equipment, and it manufactures all cell designs, including cathodes and anodes, using materials sourced from external suppliers.
60GF Score
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