SOLS (Solstice Advanced Materials) Beneish M-Score: -2.34 (As of Aug. 12, 2026)

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SOLS Solstice Advanced Materials Inc SOLS
22 GF Score
Price $61.11
! 2 Warning Signs
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What is Solstice Advanced Materials Beneish M-Score?

Solstice Advanced Materials SOLS +1.31% 22 Beneish M-Score is -2.34 as of Aug. 12, 2026. GuruFocus rates SOLS with a GF Score™ of 22/100. The stock has 2 warning signs investors should review. Among 1,527 Chemicals companies, Solstice Advanced Materials ranks worse than 61.89% 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 -2.34 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

SOLS' s Beneish M-Score Range Over the Past 10 Years
Min: -2.34   Med: -2.34   Max: -2.34
Current: -2.34

During the past 4 years, the highest Beneish M-Score of Solstice Advanced Materials was -2.34. The lowest was -2.34. And the median was -2.34.

Solstice Advanced Materials Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Solstice Advanced Materials'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.

Solstice Advanced Materials Beneish M-Score Chart

Solstice Advanced Materials Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 0.00

Solstice Advanced Materials Quarterly Data
Dec23 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 -2.34

SOLS vs WLK, ESI, EMN: Beneish M-Score Comparison

For the Specialty Chemicals subindustry, Solstice Advanced Materials'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.

Solstice Advanced Materials Beneish M-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Solstice Advanced Materials's Beneish M-Score distribution charts can be found below:

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


SOLS
22GF Score
Solstice Advanced Materials Inc SOLS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Solstice Advanced Materials 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 Solstice Advanced Materials 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 * 1.3684+0.528 * 1.148+0.404 * 0.7242+0.892 * 1.0923+0.115 * 1.1625
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0596+4.679 * -0.059311-0.327 * 0.939
=-2.34

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was $985 Mil.
Revenue was 1148 + 992 + 987 + 969 = $4,096 Mil.
Gross Profit was 370 + 317 + 258 + 310 = $1,255 Mil.
Total Current Assets was $2,568 Mil.
Total Assets was $5,918 Mil.
Property, Plant and Equipment(Net PPE) was $2,126 Mil.
Depreciation, Depletion and Amortization(DDA) was $221 Mil.
Selling, General, & Admin. Expense(SGA) was $456 Mil.
Total Current Liabilities was $1,760 Mil.
Long-Term Debt & Capital Lease Obligation was $2,076 Mil.
Net Income was 119 + 85 + 41 + -35 = $210 Mil.
Non Operating Income was -23 + -16 + -10 + 4 = $-45 Mil.
Cash Flow from Operations was 262 + 199 + 166 + -21 = $606 Mil.
 Total Receivables was $659 Mil.
Revenue was 1033 + 897 + 913 + 907 = $3,750 Mil.
Gross Profit was 361 + 321 + 305 + 332 = $1,319 Mil.
Total Current Assets was $1,824 Mil.
Total Assets was $5,070 Mil.
Property, Plant and Equipment(Net PPE) was $1,798 Mil.
Depreciation, Depletion and Amortization(DDA) was $221 Mil.
Selling, General, & Admin. Expense(SGA) was $394 Mil.
Total Current Liabilities was $1,236 Mil.
Long-Term Debt & Capital Lease Obligation was $2,264 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)
=(985 / 4096) / (659 / 3750)
=0.240479 / 0.175733
=1.3684

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)
=(1319 / 3750) / (1255 / 4096)
=0.351733 / 0.306396
=1.148

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 - (2568 + 2126) / 5918) / (1 - (1824 + 1798) / 5070)
=0.206827 / 0.285602
=0.7242

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
=4096 / 3750
=1.0923

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))
=(221 / (221 + 1798)) / (221 / (221 + 2126))
=0.10946 / 0.094163
=1.1625

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)
=(456 / 4096) / (394 / 3750)
=0.111328 / 0.105067
=1.0596

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)
=((2076 + 1760) / 5918) / ((2264 + 1236) / 5070)
=0.648192 / 0.690335
=0.939

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
=(210 - -45 - 606) / 5918
=-0.059311

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.

Solstice Advanced Materials has a M-score of -2.34 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 -2.34 mean?
Solstice Advanced Materials (SOLS) has a Beneish M-Score of -2.34 as of Aug. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Solstice Advanced Materials and its competitors. According to the industry distribution chart, Solstice Advanced Materials ranks #945 out of 1527 companies in the Chemicals industry, placing it in the top 61.9%.
Is Solstice Advanced Materials' Beneish M-Score too high?
Solstice Advanced Materials' current Beneish M-Score is -2.34. Based on the distribution chart, Solstice Advanced Materials ranks #945 out of 1527 companies in the Chemicals industry, which is below the industry midpoint. Overall, Solstice Advanced Materials has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Solstice Advanced Materials' Beneish M-Score compare to WLK and ESI?
According to the Chemicals industry distribution chart, Solstice Advanced Materials ranks #945 out of 1527 companies for Beneish M-Score. This places Solstice Advanced Materials 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 Chemicals company?
A good Beneish M-Score depends on the Chemicals 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 Solstice Advanced Materials and its competitors. Solstice Advanced Materials's current Beneish M-Score is -2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solstice Advanced Materials stock overvalued right now?
Solstice Advanced Materials (SOLS) has a current Beneish M-Score of -2.34. The current Beneish M-Score is -2.34. Solstice Advanced Materials' overall GF Score™ is 22/100 with 2 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 Solstice Advanced Materials (SOLS), the current Beneish M-Score is -2.34 as of Aug. 12, 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.

Solstice Advanced Materials Business Description

Other Exchanges SOLS:MexicoA8E:Germany
Address 115 Tabor Road, Morris Plains, NJ, USA, 07950
Solstice Advanced Materials is a diversified specialty chemicals company created in late 2025 after being spun off from Honeywell. It sells chemicals and materials to a wide range of end markets. Its largest product category is refrigerants used in heating, ventilation and air conditioning systems, and autos, where Solstice sells low global warming potential refrigerants. The company also sells materials used for building and construction, semiconductor production, healthcare packaging, and defense. Additionally, Solstice runs the only US uranium conversion business currently in operation.
22GF Score

Get the complete analysis for SOLS

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

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