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 -2.56 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Standex International's Beneish M-Score or its related term are showing as below:
SXI'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.8 Med: -2.5 Max: -1.7
Current: -2.56
During the past 13 years, the highest Beneish M-Score of Standex International was -1.70. The lowest was -2.80. And the median was -2.50.
Standex International Beneish M-Score Related Terms
Standex International Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Standex 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.
For the Specialty Industrial Machinery subindustry, Standex 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.
Standex International Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Standex International's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Standex 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 Standex 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 * 0.8253
+
0.528 * 0.9487
+
0.404 * 0.981
+
0.892 * 1.1833
+
0.115 * 0.8775
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9999
+
4.679 * -0.014914
-
0.327 * 0.8958
=
-2.56
* 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))
=
(32.304 / (32.304 + 189.98))
/
(39.377 / (39.377 + 198.393))
=
0.145328
/
0.16561
=
0.8775
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
=
(98.98 - 39.196
-
82.555)
/
1526.777
=
-0.014914
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.
Standex International has a M-score of -2.56 suggests that the company is unlikely to be a manipulator.
Standex International (SXI) has a Beneish M-Score of -2.56 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Standex International and its competitors. According to the industry distribution chart, Standex International ranks #1164 out of 2926 companies in the Industrial Products industry, placing it in the top 39.8%.
Is Standex International's Beneish M-Score too high?
Standex International's current Beneish M-Score is -2.56. Based on the distribution chart, Standex International ranks #1164 out of 2926 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Standex International has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Standex International's Beneish M-Score compare to KAI and MWA?
According to the Industrial Products industry distribution chart, Standex International ranks #1164 out of 2926 companies for Beneish M-Score. This puts Standex International 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 Standex International and its competitors. Standex International's current Beneish M-Score is -2.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Standex International stock overvalued right now?
Based on GuruFocus' analysis, Standex International (SXI) is currently considered Significantly Overvalued. The stock's GF Value™ is $211.05, compared to a current price of $317.84 — trading 50.6% above its estimated fair value. The current Beneish M-Score is -2.56. Standex International's overall GF Score™ is 83/100 with 7 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 Standex International (SXI), the current Beneish M-Score is -2.56 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.
Is Standex International (SXI) Overvalued in 2026?
Based on GuruFocus' analysis, Standex International stock appears to be overvalued.
The current stock price of $317.84 is trading 50.6% above its estimated GF Value™ of $211.05.
GuruFocus considers Standex International to be Significantly Overvalued.
Key valuation signals for SXI:
Beneish M-Score: -2.56
GF Value™: $211.05 vs. price of $317.84 (50.6% above fair value)
No single metric tells the full story. See the SXI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Standex International Corp is an industrial manufacturer of different products and services used in commercial and industrial markets. The company has five reportable segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions. The maximum revenue is generated from its Electronics segment, which is a component and value-added services provider of both sensing and switching technologies, as well as magnetic power conversion components and assemblies, like custom wound transformers and inductors, current sense technology, value-added assemblies, and mechanical packaging, among others. Geographically, it derives key revenue from the United States and the rest from the Asia Pacific, Europe, the Middle East, and Africa (EMEA), as well as other regions.
83GF Score
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