TCCO (Technical Communications) Beneish M-Score: 0.00 (As of Jun. 25, 2026)

What is Technical Communications Beneish M-Score?

Technical Communications TCCO 12 Beneish M-Score is 0.00 as of Jun. 25, 2026. GuruFocus rates TCCO with a GF Score™ of 12/100.

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.

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

During the past 13 years, the highest Beneish M-Score of Technical Communications was 0.00. The lowest was 0.00. And the median was 0.00.

Technical Communications Beneish M-Score Related Terms

Technical Communications Beneish M-Score Historical Data

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The historical data trend for Technical Communications'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.

Technical Communications Beneish M-Score Chart

Technical Communications Annual Data

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Beneish M-Score

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Technical Communications Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Beneish M-Score	Get a 7-Day Free Trial															-1.27	0.00	0.00	0.00	0.00

TCCO vs CASSQ, TPTW, MLRT: Beneish M-Score Comparison

For the Communication Equipment subindustry, Technical Communications'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.

Technical Communications Beneish M-Score vs Hardware Industry

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

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

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Technical Communications Corp TCCO

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Technical Communications 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 Technical Communications for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Jun23) TTM:

Last Year (Jun22) TTM:

Total Receivables was $0.01 Mil.
Revenue was 0.035 + 0.028 + 0.122 + 0.169 = $0.35 Mil.
Gross Profit was -0.029 + -0.085 + -0.027 + -0.091 = $-0.23 Mil.
Total Current Assets was $1.53 Mil.
Total Assets was $1.67 Mil.
Property, Plant and Equipment(Net PPE) was $0.13 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.01 Mil.
Selling, General, & Admin. Expense(SGA) was $1.49 Mil.
Total Current Liabilities was $2.31 Mil.
Long-Term Debt & Capital Lease Obligation was $3.20 Mil.
Net Income was -0.466 + -0.629 + -0.849 + -0.353 = $-2.30 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was -0.153 + -0.136 + -0.673 + -0.667 = $-1.63 Mil.

Total Receivables was $0.02 Mil.
Revenue was 0.146 + 0.565 + 0.423 + 0.657 = $1.79 Mil.
Gross Profit was -0.036 + 0.075 + 0.067 + 0.07 = $0.18 Mil.
Total Current Assets was $1.35 Mil.
Total Assets was $1.64 Mil.
Property, Plant and Equipment(Net PPE) was $0.29 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.01 Mil.
Selling, General, & Admin. Expense(SGA) was $1.92 Mil.
Total Current Liabilities was $2.96 Mil.
Long-Term Debt & Capital Lease Obligation was $0.27 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)
	=	(0.014 / 0.354)	/	(0.022 / 1.791)
	=	0.039548	/	0.012284
	=

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)
	=	(0.176 / 1.791)	/	(-0.232 / 0.354)
	=	0.098269	/	-0.655367
	=

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 - (1.533 + 0.134) / 1.667)	/	(1 - (1.347 + 0.289) / 1.636)
	=	0	/	0
	=

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
	=	0.354	/	1.791
	=

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))
	=	(0.005 / (0.005 + 0.289))	/	(0.005 / (0.005 + 0.134))
	=	0.017007	/	0.035971
	=

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)
	=	(1.492 / 0.354)	/	(1.921 / 1.791)
	=	4.214689	/	1.072585
	=

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)
	=	((3.204 + 2.309) / 1.667)	/	((0.273 + 2.958) / 1.636)
	=	3.307139	/	1.974939
	=

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
	=	(-2.297 - 0	-	-1.629)	/	1.667
	=	-0.40072

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.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 0.00 mean?

Technical Communications (TCCO) has a Beneish M-Score of 0.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Technical Communications and its competitors.

Is Technical Communications' Beneish M-Score too high?

Technical Communications' current Beneish M-Score is 0.00. Overall, Technical Communications has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Technical Communications' Beneish M-Score compare to CASSQ and TPTW?

Technical Communications' Beneish M-Score of 0.00 can be compared against companies in the Hardware 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 Technical Communications and its competitors. Technical Communications's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Technical Communications stock overvalued right now?

Technical Communications (TCCO) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Technical Communications' overall GF Score™ is 12/100. 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 Technical Communications (TCCO), the current Beneish M-Score is 0.00 as of Jun. 25, 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.

Technical Communications Business Description

Industry Technology Hardware

Comparable Companies CASSQ TPTW MLRT ELST SYTA BDRL ASNS CSCO SHSE:601138 MSI HPE OHEL:NOKIA OSTO:ERIC B ZBRA SZSE:000063 SHSE:688036 JNPR TPE:2345 UI SZSE:300502

Address 100 Domino Drive, Concord, MA, USA, 01742-2892

Website https://www.tccsecure.com

Technical Communications Corp designs, develops, manufactures, distributes, and markets communications security equipment. The company produces and supplies several custom-designed, special-purpose, and standard secure communications products for both domestic and international customers. Its products consist of voice, data, facsimile encryptors and video networks for military, government and corporate/industrial applications. In addition to product sales, it generates revenues from contract engineering services for certain government agencies, domestic and foreign, and commercial entities.

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