Synaptics (STU:SJN) Beneish M-Score: -2.61 (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:SJN Synaptics Inc STU:SJN
75 GF Score
Price €91.50
GF Value €81.85
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Synaptics Beneish M-Score?

Synaptics STU:SJN +3.39% 75 Beneish M-Score is -2.61 as of Aug. 08, 2026. GuruFocus rates STU:SJN with a GF Score™ of 75/100 and a GF Value™ of €81.85 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 984 Semiconductors companies, Synaptics ranks better than 64.74% 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 -2.61 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

STU:SJN' s Beneish M-Score Range Over the Past 10 Years
Min: -3.77   Med: -2.92   Max: -1.94
Current: -2.61

During the past 13 years, the highest Beneish M-Score of Synaptics was -1.94. The lowest was -3.77. And the median was -2.92.


Synaptics Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Synaptics'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.

Synaptics Beneish M-Score Chart

Synaptics Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.44 -3.49 -2.35 -2.72 0.00

Synaptics Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 Premium Member Only Premium Member Only -2.72 -2.80 -2.89 -2.61 0.00

STU:SJN vs DIOD, LASR, PI: Beneish M-Score Comparison

For the Semiconductors subindustry, Synaptics'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.


Synaptics Beneish M-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Synaptics's Beneish M-Score distribution charts can be found below:

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


STU:SJN
75GF Score
Synaptics Inc STU:SJN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Synaptics 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 Synaptics 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 * 1.1986+0.528 * 1.0001+0.404 * 0.8803+0.892 * 1.0513+0.115 * 0.973
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.987+4.679 * -0.298948-0.327 * 1.222
=-3.77

* 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 €142 Mil.
Revenue was 267.344 + 254.483 + 258.335 + 249.21 = €1,029 Mil.
Gross Profit was 126.554 + 115.304 + 112.472 + 106.159 = €460 Mil.
Total Current Assets was €683 Mil.
Total Assets was €1,825 Mil.
Property, Plant and Equipment(Net PPE) was €75 Mil.
Depreciation, Depletion and Amortization(DDA) was €103 Mil.
Selling, General, & Admin. Expense(SGA) was €171 Mil.
Total Current Liabilities was €609 Mil.
Long-Term Debt & Capital Lease Obligation was €345 Mil.
Net Income was -388.343 + -6.92 + -12.639 + -17.551 = €-425 Mil.
Non Operating Income was -6.51 + 0 + -0.085 + -2.13 = €-9 Mil.
Cash Flow from Operations was 58.677 + 18.857 + 25.449 + 25.73 = €129 Mil.
Total Receivables was €113 Mil.
Revenue was 245.188 + 246.605 + 255.176 + 232.188 = €979 Mil.
Gross Profit was 105.34 + 107.115 + 116.701 + 108.931 = €438 Mil.
Total Current Assets was €652 Mil.
Total Assets was €2,241 Mil.
Property, Plant and Equipment(Net PPE) was €102 Mil.
Depreciation, Depletion and Amortization(DDA) was €130 Mil.
Selling, General, & Admin. Expense(SGA) was €164 Mil.
Total Current Liabilities was €235 Mil.
Long-Term Debt & Capital Lease Obligation was €724 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)
=(142.352 / 1029.372) / (112.97 / 979.157)
=0.13829 / 0.115375
=1.1986

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)
=(438.087 / 979.157) / (460.489 / 1029.372)
=0.447412 / 0.447349
=1.0001

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 - (683.116 + 75.429) / 1824.536) / (1 - (651.897 + 101.699) / 2240.675)
=0.584253 / 0.663675
=0.8803

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
=1029.372 / 979.157
=1.0513

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))
=(130.181 / (130.181 + 101.699)) / (102.878 / (102.878 + 75.429))
=0.561415 / 0.576971
=0.973

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)
=(170.567 / 1029.372) / (164.389 / 979.157)
=0.1657 / 0.167888
=0.987

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)
=((345.204 + 608.728) / 1824.536) / ((723.772 + 234.87) / 2240.675)
=0.522835 / 0.427836
=1.222

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
=(-425.453 - -8.725 - 128.713) / 1824.536
=-0.298948

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.

Synaptics has a M-score of -3.77 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 -2.61 mean?
Synaptics (STU:SJN) has a Beneish M-Score of -2.61 as of Aug. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Synaptics and its competitors. According to the industry distribution chart, Synaptics ranks #347 out of 984 companies in the Semiconductors industry, placing it in the top 35.3%.
Is Synaptics' Beneish M-Score too high?
Synaptics' current Beneish M-Score is -2.61. Based on the distribution chart, Synaptics ranks #347 out of 984 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Synaptics has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Synaptics' Beneish M-Score compare to DIOD and LASR?
According to the Semiconductors industry distribution chart, Synaptics ranks #347 out of 984 companies for Beneish M-Score. This puts Synaptics 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 a Semiconductors company?
A good Beneish M-Score depends on the Semiconductors 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 Synaptics and its competitors. Synaptics's current Beneish M-Score is -2.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Synaptics stock overvalued right now?
Based on GuruFocus' analysis, Synaptics (STU:SJN) is currently considered Modestly Overvalued. The stock's GF Value™ is €81.85, compared to a current price of €91.50 — trading 11.8% above its estimated fair value. The current Beneish M-Score is -2.61. Synaptics' overall GF Score™ is 75/100 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 Synaptics (STU:SJN), the current Beneish M-Score is -2.61 as of Aug. 08, 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 Synaptics (STU:SJN) Overvalued in 2026?

Based on GuruFocus' analysis, Synaptics stock appears to be overvalued. The current stock price of €91.50 is trading 11.8% above its estimated GF Value™ of €81.85. GuruFocus considers Synaptics to be Modestly Overvalued.

Key valuation signals for STU:SJN:

  • Beneish M-Score: -2.61
  • GF Value™: €81.85 vs. price of €91.50 (11.8% above fair value)
  • GF Score™: 75/100 with 2 warning signs

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


Synaptics Business Description

Other Exchanges SYNA:USA1SYNA:Italy
Address 1109 McKay Drive, San Jose, CA, USA, 95131
Synaptics Inc is a producer of semiconductor solutions for the mobile, PC, and Internet of Things markets. The company develops human interface solutions that enable touch, display, fingerprint, video, audio, voice, AI, and connectivity functions for smartphones, PCs, Internet of Things products, and other electronic devices. It operates in one segment: the development, marketing, and sale of semiconductor products used in electronic devices and products. The company geographically, it derives a majority of revenue from China, and also has its presence in Taiwan, Japan, South Korea, United States and Other countries.
75GF Score

Get the complete analysis for STU:SJN

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

€91.50
Price
€81.85
GF Value