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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 -2.21 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Lennox International's Beneish M-Score or its related term are showing as below:
STU:LXI'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.48 Med: -2.57 Max: -1.91
Current: -2.21
During the past 13 years, the highest Beneish M-Score of Lennox International was -1.91. The lowest was -3.48. And the median was -2.57.
Lennox International Beneish M-Score Related Terms
Lennox International Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Lennox International'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.
STU:LXI vs MAIR, MAS, CSL: Beneish M-Score Comparison
For the Building Products & Equipment subindustry, Lennox International'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.
Lennox International Beneish M-Score vs Construction Industry
For the Construction industry and Industrials sector, Lennox International's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Lennox International'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 Lennox International 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 * 1.0233
+
0.528 * 0.9917
+
0.404 * 1.6178
+
0.892 * 0.9085
+
0.115 * 0.9835
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9693
+
4.679 * 0.003272
-
0.327 * 0.9367
=
-2.26
* 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))
=
(89.824 / (89.824 + 1048.395))
/
(99.765 / (99.765 + 1143.53))
=
0.078916
/
0.080242
=
0.9835
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
=
(689.912 - -14.256
-
692.017)
/
3713.185
=
0.003272
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.
Lennox International has a M-score of -2.26 suggests that the company is unlikely to be a manipulator.
Lennox International (STU:LXI) has a Beneish M-Score of -2.21 as of Jul. 21, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Lennox International and its competitors. According to the industry distribution chart, Lennox International ranks #1156 out of 1699 companies in the Construction industry, placing it in the top 68%.
Is Lennox International's Beneish M-Score too high?
Lennox International's current Beneish M-Score is -2.21. Based on the distribution chart, Lennox International ranks #1156 out of 1699 companies in the Construction industry, which is below the industry midpoint. Overall, Lennox International has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lennox International's Beneish M-Score compare to MAIR and MAS?
According to the Construction industry distribution chart, Lennox International ranks #1156 out of 1699 companies for Beneish M-Score. This places Lennox International 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Lennox International and its competitors. Lennox International's current Beneish M-Score is -2.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lennox International stock overvalued right now?
Based on GuruFocus' analysis, Lennox International (STU:LXI) is currently considered Fairly Valued. The stock's GF Value™ is €469.91, compared to a current price of €467.40 — trading 0.5% below its estimated fair value. The current Beneish M-Score is -2.21. Lennox International's overall GF Score™ is 92/100 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 Lennox International (STU:LXI), the current Beneish M-Score is -2.21 as of Jul. 21, 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 Lennox International (STU:LXI) Overvalued in 2026?
Based on GuruFocus' analysis, Lennox International stock appears to be undervalued.
The current stock price of €467.40 is trading 0.5% below its estimated GF Value™ of €469.91.
GuruFocus considers Lennox International to be Fairly Valued.
Key valuation signals for STU:LXI:
Beneish M-Score: -2.21
GF Value™: €469.91 vs. price of €467.40 (0.5% below fair value)
No single metric tells the full story. See the STU:LXI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lennox International manufacturers and distributes heating, ventilating, air conditioning, and refrigeration products for the North American replacement (75% of sales) and new construction (25% of sales) markets. Residential HVAC (home comfort solutions) accounts for 67% of sales and commercial HVAC (building climate solutions) accounts for the remaining 33% of sales. Lennox's commercial exposure is what its peers refer to as residential and light commercial, and lacks the scale and complexity of what is referred to as an applied solution. The company goes to market with multiple brands, but Lennox is its flagship HVAC brand.
92GF Score
Get the complete analysis for STU:LXI
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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