SanDiskSNDK -2.15%46 Beneish M-Score is -1.31 as of Jun. 24, 2026. GuruFocus rates SNDK with a GF Score™ of 46/100. The stock has 3 warning signs investors should review. Among 2,403 Hardware companies, SanDisk ranks worse than 90.43% 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 -1.31 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for SanDisk's Beneish M-Score or its related term are showing as below:
SNDK'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.12 Med: -1.9 Max: -0.9
Current: -1.31
During the past 13 years, the highest Beneish M-Score of SanDisk was -0.90. The lowest was -3.12. And the median was -1.90.
SanDisk Beneish M-Score Related Terms
SanDisk Beneish M-Score Historical Data
* Premium members only.
The historical data trend for SanDisk'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.
SNDK vs DELL, ANET, STX: Beneish M-Score Comparison
For the Computer Hardware subindustry, SanDisk'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.
SanDisk Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, SanDisk's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where SanDisk'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 SanDisk 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 * 1.4883
+
0.528 * 0.5813
+
0.404 * 0.7581
+
0.892 * 1.8276
+
0.115 * 1.2433
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.6643
+
4.679 * 0.008141
-
0.327 * 0.4554
=
-1.31
* 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))
=
(181 / (181 + 603))
/
(148 / (148 + 649))
=
0.230867
/
0.185696
=
1.2433
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
=
(4507 - -271
-
4639)
/
17075
=
0.008141
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.
SanDisk has a M-score of -1.31 signals that the company is likely to be a manipulator.
SanDisk (SNDK) has a Beneish M-Score of -1.31 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on SanDisk and its competitors. According to the industry distribution chart, SanDisk ranks #2173 out of 2403 companies in the Hardware industry, placing it in the top 90.4%.
Is SanDisk's Beneish M-Score too high?
SanDisk's current Beneish M-Score is -1.31. Based on the distribution chart, SanDisk ranks #2173 out of 2403 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, SanDisk has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does SanDisk's Beneish M-Score compare to DELL and ANET?
According to the Hardware industry distribution chart, SanDisk ranks #2173 out of 2403 companies for Beneish M-Score. This places SanDisk 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 SanDisk and its competitors. SanDisk's current Beneish M-Score is -1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SanDisk stock overvalued right now?
SanDisk (SNDK) has a current Beneish M-Score of -1.31. The current Beneish M-Score is -1.31. SanDisk's overall GF Score™ is 46/100 with 3 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 SanDisk (SNDK), the current Beneish M-Score is -1.31 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.
Sandisk is one of the five largest suppliers of NAND flash memory semiconductors globally. Sandisk is vertically integrated, producing substantially all of its flash chips at manufacturing sites across Japan via a joint-venture framework with Kioxia. Sandisk then repackages most of its chips into SSDs for consumer electronics, external storage, or cloud storage. Sandisk was formerly a piece of Western Digital for nine years (after being acquired in 2016) and was spun off as an independent company in 2025.
46GF Score
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