SNA (Snap-on) Beneish M-Score: -2.53 (As of Jun. 25, 2026)

What is Snap-on Beneish M-Score?

Snap-on SNA +1.63% 91 Beneish M-Score is -2.53 as of Jun. 25, 2026. GuruFocus rates SNA with a GF Score™ of 91/100 and a GF Value™ of $318.15 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 2,926 Industrial Products companies, Snap-on ranks better than 57.28% 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 -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

SNA' s Beneish M-Score Range Over the Past 10 Years
Min: -2.84 Med: -2.47 Max: -2.27
Current: -2.53

During the past 13 years, the highest Beneish M-Score of Snap-on was -2.27. The lowest was -2.84. And the median was -2.47.

Snap-on Beneish M-Score Related Terms

Snap-on Beneish M-Score Historical Data

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The historical data trend for Snap-on'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.

Snap-on Beneish M-Score Chart

Snap-on Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.51

-2.27

-2.51

-2.41

-2.47

Snap-on Quarterly Data
	Jun21	Sep21	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															-2.56	-2.50	-2.46	-2.47	-2.53

SNA vs RBC, LECO, SWK: Beneish M-Score Comparison

For the Tools & Accessories subindustry, Snap-on'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.

Snap-on Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Snap-on's Beneish M-Score distribution charts can be found below:

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

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91GF Score

Snap-on Inc SNA

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Snap-on 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 Snap-on for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.9874

0.528 * 1.0084

0.404 * 0.9598

0.892 * 1.0299

0.115 * 0.9802

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * -0.015359

0.327 * 0.9426

-2.53

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was $1,616 Mil.
Revenue was 1308.3 + 1339.9 + 1291.9 + 1281.1 = $5,221 Mil.
Gross Profit was 676.3 + 679.9 + 674.8 + 663.7 = $2,695 Mil.
Total Current Assets was $4,548 Mil.
Total Assets was $8,516 Mil.
Property, Plant and Equipment(Net PPE) was $638 Mil.
Depreciation, Depletion and Amortization(DDA) was $100 Mil.
Selling, General, & Admin. Expense(SGA) was $0 Mil.
Total Current Liabilities was $1,289 Mil.
Long-Term Debt & Capital Lease Obligation was $955 Mil.
Net Income was 247 + 260.7 + 265.4 + 250.3 = $1,023 Mil.
Non Operating Income was 2.8 + 0 + -0.7 + 0.2 = $2 Mil.
Cash Flow from Operations was 368.7 + 268.1 + 277.9 + 237.2 = $1,152 Mil.

Total Receivables was $1,590 Mil.
Revenue was 1243.2 + 1299.2 + 1247.4 + 1279.9 = $5,070 Mil.
Gross Profit was 648.8 + 662.8 + 659.5 + 667.5 = $2,639 Mil.
Total Current Assets was $4,141 Mil.
Total Assets was $8,069 Mil.
Property, Plant and Equipment(Net PPE) was $639 Mil.
Depreciation, Depletion and Amortization(DDA) was $98 Mil.
Selling, General, & Admin. Expense(SGA) was $0 Mil.
Total Current Liabilities was $1,000 Mil.
Long-Term Debt & Capital Lease Obligation was $1,256 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)
	=	(1616.3 / 5221.2)	/	(1589.5 / 5069.7)
	=	0.309565	/	0.313529
	=	0.9874

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)
	=	(2638.6 / 5069.7)	/	(2694.7 / 5221.2)
	=	0.520465	/	0.516107
	=	1.0084

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 - (4547.7 + 637.6) / 8516.4)	/	(1 - (4141.4 + 639.4) / 8069)
	=	0.391139	/	0.40751
	=	0.9598

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
	=	5221.2	/	5069.7
	=	1.0299

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))
	=	(97.5 / (97.5 + 639.4))	/	(99.5 / (99.5 + 637.6))
	=	0.132311	/	0.134988
	=	0.9802

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)
	=	(0 / 5221.2)	/	(0 / 5069.7)
	=	0	/	0
	=	1

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)
	=	((954.8 + 1289.1) / 8516.4)	/	((1255.7 + 999.9) / 8069)
	=	0.26348	/	0.279539
	=	0.9426

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
	=	(1023.4 - 2.3	-	1151.9)	/	8516.4
	=	-0.015359

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.

Snap-on has a M-score of -2.53 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 -2.53 mean?

Snap-on (SNA) has a Beneish M-Score of -2.53 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Snap-on and its competitors. According to the industry distribution chart, Snap-on ranks #1250 out of 2926 companies in the Industrial Products industry, placing it in the top 42.7%.

Is Snap-on's Beneish M-Score too high?

Snap-on's current Beneish M-Score is -2.53. Based on the distribution chart, Snap-on ranks #1250 out of 2926 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Snap-on has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Snap-on's Beneish M-Score compare to RBC and LECO?

According to the Industrial Products industry distribution chart, Snap-on ranks #1250 out of 2926 companies for Beneish M-Score. This puts Snap-on in the upper 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 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 Snap-on and its competitors. Snap-on's current Beneish M-Score is -2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Snap-on stock overvalued right now?

Based on GuruFocus' analysis, Snap-on (SNA) is currently considered Modestly Overvalued. The stock's GF Value™ is $318.15, compared to a current price of $392.14 — trading 23.3% above its estimated fair value. The current Beneish M-Score is -2.53. Snap-on's overall GF Score™ is 91/100 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 Snap-on (SNA), the current Beneish M-Score is -2.53 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 Snap-on (SNA) Overvalued in 2026?

Based on GuruFocus' analysis, Snap-on stock appears to be overvalued. The current stock price of $392.14 is trading 23.3% above its estimated GF Value™ of $318.15. GuruFocus considers Snap-on to be Modestly Overvalued.

Key valuation signals for SNA:

Beneish M-Score: -2.53
GF Value™: $318.15 vs. price of $392.14 (23.3% above fair value)
GF Score™: 91/100 with 5 warning signs

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

Snap-on Business Description

Industry Industrials Industrial Products

Comparable Companies RBC LECO SWK TKR TTC KMT HLMN QEPC EML CVR HKSE:00669 OSTO:SKF B TSE:6586 XSWX:SFSN TSE:9962 SZSE:002444 TPE:2049 XTER:GIL SHSE:603667 SHSE:688257

Other Exchanges 0L7G:UK SPU:Germany S1NA34:Brazil SNA:Argentina

Address 2801 80th Street, Kenosha, WI, USA, 53143

Website https://www.snapon.com

Snap-on is a manufacturer of premium tools, equipment, and diagnostics for professional technicians, primarily involved in the repair of passenger cars but having expanded into other industrial applications. The company's legacy business is selling hand tools through franchisee-operated mobile vans to technicians who purchase the tools at their own expense. The company also operates a commercial and industrial business that is focused on repair facilities serving other industries. The third segment, repair systems and information, targets auto OEMs and large dealerships more directly and also offers substantial diagnostic solutions to aid repairs. The company's finance arm provides financing to franchisees to run their operations, as well as underwriting end customer purchases.

91GF Score

Get the complete analysis for SNA

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

$392.14

Price

$318.15

GF Value

View SNA Analysis

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