Smiths GroupSMGZY -0.98%79 Beneish M-Score is -2.82 as of Jun. 27, 2026. GuruFocus rates SMGZY with a GF Score™ of 79/100 and a GF Value™ of $30.90 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,926 Industrial Products companies, Smiths Group ranks better than 80.14% 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 -2.82 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Smiths Group's Beneish M-Score or its related term are showing as below:
SMGZY'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.82 Med: -2.53 Max: -1.54
Current: -2.82
During the past 13 years, the highest Beneish M-Score of Smiths Group was -1.54. The lowest was -2.82. And the median was -2.53.
Smiths Group Beneish M-Score Related Terms
Smiths Group Beneish M-Score Historical Data
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The historical data trend for Smiths Group'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.
For the Specialty Industrial Machinery subindustry, Smiths Group'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.
Smiths Group Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Smiths Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Smiths Group'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 Smiths Group 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 * 0.8736
+
0.528 * 1.0103
+
0.404 * 0.8993
+
0.892 * 1.1003
+
0.115 * 0.8385
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0055
+
4.679 * -0.041386
-
0.327 * 1.0578
=
-2.77
* 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))
=
(173.745 / (173.745 + 489.06))
/
(210.526 / (210.526 + 462.888))
=
0.262136
/
0.312625
=
0.8385
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
=
(391.363 - 0
-
615.385)
/
5412.955
=
-0.041386
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.
Smiths Group has a M-score of -2.77 suggests that the company is unlikely to be a manipulator.
Smiths Group (SMGZY) has a Beneish M-Score of -2.82 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Smiths Group and its competitors. According to the industry distribution chart, Smiths Group ranks #581 out of 2926 companies in the Industrial Products industry, placing it in the top 19.9%.
Is Smiths Group's Beneish M-Score too high?
Smiths Group's current Beneish M-Score is -2.82. Based on the distribution chart, Smiths Group ranks #581 out of 2926 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Smiths Group has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Smiths Group's Beneish M-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Smiths Group ranks #581 out of 2926 companies for Beneish M-Score. This places Smiths Group in the top 20% of its industry — outperforming the majority of peers. 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Smiths Group and its competitors. Smiths Group's current Beneish M-Score is -2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smiths Group stock overvalued right now?
Based on GuruFocus' analysis, Smiths Group (SMGZY) is currently considered Fairly Valued. The stock's GF Value™ is $30.90, compared to a current price of $33.98 — trading 10% above its estimated fair value. The current Beneish M-Score is -2.82. Smiths Group's overall GF Score™ is 79/100 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 Smiths Group (SMGZY), the current Beneish M-Score is -2.82 as of Jun. 27, 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 Smiths Group (SMGZY) Overvalued in 2026?
Based on GuruFocus' analysis, Smiths Group stock appears to be overvalued.
The current stock price of $33.98 is trading 10% above its estimated GF Value™ of $30.90.
GuruFocus considers Smiths Group to be Fairly Valued.
Key valuation signals for SMGZY:
Beneish M-Score: -2.82
GF Value™: $30.90 vs. price of $33.98 (10% above fair value)
No single metric tells the full story. See the SMGZY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smiths Group is a UK-based industrial technology company focused on engineered solutions for fluid and energy management, following the agreed divestments of its Detection and Interconnect divisions. Its two core businesses—John Crane and Flex-Tek - serve critical infrastructure, energy, aerospace, HVAC, and industrial markets. John Crane supplies mechanical seals, filtration systems, and condition-monitoring technologies used in rotating equipment, with a high-margin, recurring aftermarket business. Flex-Tek provides specialized tubing, heating components, and ducting systems primarily for US HVAC and aerospace OEMs.
79GF Score
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