SN (SharkNinja) Beneish M-Score: -1.88 (As of Jul. 11, 2026)


SN SharkNinja Inc SN
65 GF Score
Price $152.65
GF Value $112.97
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is SharkNinja Beneish M-Score?

SharkNinja SN +2.58% 65 Beneish M-Score is -1.88 as of Jul. 11, 2026. GuruFocus rates SN with a GF Score™ of 65/100 and a GF Value™ of $112.97 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 416 Furnishings, Fixtures & Appliances companies, SharkNinja ranks worse than 85.1% 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 -1.88 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for SharkNinja's Beneish M-Score or its related term are showing as below:

SN' s Beneish M-Score Range Over the Past 10 Years
Min: -2.77   Med: -2.21   Max: -1.88
Current: -1.88

During the past 6 years, the highest Beneish M-Score of SharkNinja was -1.88. The lowest was -2.77. And the median was -2.21.


SharkNinja Beneish M-Score Historical Data

* Premium members only.

The historical data trend for SharkNinja'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.

SharkNinja Beneish M-Score Chart

SharkNinja Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 -2.70 -2.25 -2.28

SharkNinja Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.16 -2.13 -2.13 -2.28 -1.88

SN vs SGI, MHK, ALH: Beneish M-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, SharkNinja'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.


SharkNinja Beneish M-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, SharkNinja's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where SharkNinja's Beneish M-Score falls into.


SN
65GF Score
SharkNinja Inc SN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SharkNinja Beneish M-Score Calculation

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 SharkNinja 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 * 1.3735+0.528 * 0.9833+0.404 * 0.81+0.892 * 1.1591+0.115 * 0.9299
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9442+4.679 * 0.033328-0.327 * 0.8761
=-1.88

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $1,657 Mil.
Revenue was 1412.806 + 2101.434 + 1630.24 + 1444.876 = $6,589 Mil.
Gross Profit was 694.968 + 1007.628 + 817.469 + 708.167 = $3,228 Mil.
Total Current Assets was $3,262 Mil.
Total Assets was $5,018 Mil.
Property, Plant and Equipment(Net PPE) was $380 Mil.
Depreciation, Depletion and Amortization(DDA) was $146 Mil.
Selling, General, & Admin. Expense(SGA) was $1,901 Mil.
Total Current Liabilities was $1,372 Mil.
Long-Term Debt & Capital Lease Obligation was $822 Mil.
Net Income was 121.462 + 255.212 + 188.729 + 139.598 = $705 Mil.
Non Operating Income was -10.336 + -4.506 + -6.116 + 26.003 = $5 Mil.
Cash Flow from Operations was -156.28 + 587.056 + 111.014 + -9.082 = $533 Mil.
Total Receivables was $1,041 Mil.
Revenue was 1222.638 + 1787.187 + 1426.566 + 1248.658 = $5,685 Mil.
Gross Profit was 603.226 + 839.468 + 695.007 + 600.899 = $2,739 Mil.
Total Current Assets was $2,396 Mil.
Total Assets was $4,175 Mil.
Property, Plant and Equipment(Net PPE) was $365 Mil.
Depreciation, Depletion and Amortization(DDA) was $127 Mil.
Selling, General, & Admin. Expense(SGA) was $1,737 Mil.
Total Current Liabilities was $1,214 Mil.
Long-Term Debt & Capital Lease Obligation was $870 Mil.




1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(1656.624 / 6589.356) / (1040.635 / 5685.049)
=0.251409 / 0.183048
=1.3735

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(2738.6 / 5685.049) / (3228.232 / 6589.356)
=0.48172 / 0.489916
=0.9833

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (3261.723 + 379.776) / 5018.262) / (1 - (2396.05 + 365.179) / 4175.402)
=0.274351 / 0.338691
=0.81

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

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.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=6589.356 / 5685.049
=1.1591

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

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))
=(127.238 / (127.238 + 365.179)) / (146.132 / (146.132 + 379.776))
=0.258395 / 0.277866
=0.9299

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

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(1901.07 / 6589.356) / (1737.189 / 5685.049)
=0.288506 / 0.305572
=0.9442

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((821.522 + 1372.458) / 5018.262) / ((869.642 + 1213.993) / 4175.402)
=0.437199 / 0.499026
=0.8761

8. TATA = Total Accruals to Total Assets

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
=(705.001 - 5.045 - 532.708) / 5018.262
=0.033328

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.

SharkNinja has a M-score of -1.88 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.88 mean?
SharkNinja (SN) has a Beneish M-Score of -1.88 as of Jul. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on SharkNinja and its competitors. According to the industry distribution chart, SharkNinja ranks #354 out of 416 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 85.1%.
Is SharkNinja's Beneish M-Score too high?
SharkNinja's current Beneish M-Score is -1.88. Based on the distribution chart, SharkNinja ranks #354 out of 416 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, SharkNinja has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SharkNinja's Beneish M-Score compare to SGI and MHK?
According to the Furnishings, Fixtures & Appliances industry distribution chart, SharkNinja ranks #354 out of 416 companies for Beneish M-Score. This places SharkNinja 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 Furnishings, Fixtures & Appliances company?
A good Beneish M-Score depends on the Furnishings, Fixtures & Appliances 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 SharkNinja and its competitors. SharkNinja's current Beneish M-Score is -1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SharkNinja stock overvalued right now?
Based on GuruFocus' analysis, SharkNinja (SN) is currently considered Significantly Overvalued. The stock's GF Value™ is $112.97, compared to a current price of $152.65 — trading 35.1% above its estimated fair value. The current Beneish M-Score is -1.88. SharkNinja's overall GF Score™ is 65/100 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 SharkNinja (SN), the current Beneish M-Score is -1.88 as of Jul. 11, 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 SharkNinja (SN) Overvalued in 2026?

Based on GuruFocus' analysis, SharkNinja stock appears to be overvalued. The current stock price of $152.65 is trading 35.1% above its estimated GF Value™ of $112.97. GuruFocus considers SharkNinja to be Significantly Overvalued.

Key valuation signals for SN:

  • Beneish M-Score: -1.88
  • GF Value™: $112.97 vs. price of $152.65 (35.1% above fair value)
  • GF Score™: 65/100 with 6 warning signs

No single metric tells the full story. See the SN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SharkNinja Business Description

Address 89 A Street, Needham, MA, USA, 02494
SharkNinja Inc is a product design and technology company that creates 5-star-rated lifestyle solutions through inventive products for consumers around the world. Its product categories include Cleaning, Cooking, Food Preparation, Home Environment, and Beauty products. It sells vacuum cleaners, cooking pots, fryers, hair dryers, etc. The Company has identified two operating segments, Domestic and International. The SharkNinja Group is expected to carry on the design, production, marketing, and distribution of the Shark and Ninja brands of small household appliances in North America, Europe and other selected international markets (excluding the Asia Pacific Region and Greater China). Currently, the majority of the revenue is derived from the U.S. market.
65GF Score

Get the complete analysis for SN

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$152.65
Price
$112.97
GF Value