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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 -3.03 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Faraday Technology's Beneish M-Score or its related term are showing as below:
TPE:3035'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.47 Med: -2.61 Max: -1.09
Current: -3.03
During the past 13 years, the highest Beneish M-Score of Faraday Technology was -1.09. The lowest was -3.47. And the median was -2.61.
Faraday Technology Beneish M-Score Related Terms
Faraday Technology Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Faraday Technology'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.
TPE:3035 vs AMAT, LRCX, KLAC: Beneish M-Score Comparison
For the Semiconductor Equipment & Materials subindustry, Faraday Technology'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.
Faraday Technology Beneish M-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Faraday Technology's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Faraday Technology'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 Faraday Technology 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 * 1.2807
+
0.528 * 0.9672
+
0.404 * 1.0615
+
0.892 * 0.8254
+
0.115 * 0.9204
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.3705
+
4.679 * -0.120205
-
0.327 * 1.0632
=
-3.03
* 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))
=
(860.6 / (860.6 + 1349.359))
/
(947.859 / (947.859 + 1292.509))
=
0.389419
/
0.423082
=
0.9204
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
=
(489.377 - 0
-
3001.129)
/
20895.528
=
-0.120205
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.
Faraday Technology has a M-score of -3.03 suggests that the company is unlikely to be a manipulator.
Faraday Technology (TPE:3035) has a Beneish M-Score of -3.03 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Faraday Technology and its competitors. According to the industry distribution chart, Faraday Technology ranks #167 out of 987 companies in the Semiconductors industry, placing it in the top 16.9%.
Is Faraday Technology's Beneish M-Score too high?
Faraday Technology's current Beneish M-Score is -3.03. Based on the distribution chart, Faraday Technology ranks #167 out of 987 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Faraday Technology has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Faraday Technology's Beneish M-Score compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Faraday Technology ranks #167 out of 987 companies for Beneish M-Score. This places Faraday Technology in the top 17% of its industry — outperforming the majority of peers. 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 Faraday Technology and its competitors. Faraday Technology's current Beneish M-Score is -3.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Faraday Technology stock overvalued right now?
Based on GuruFocus' analysis, Faraday Technology (TPE:3035) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$268.93, compared to a current price of NT$207.00 — trading 23% below its estimated fair value. The current Beneish M-Score is -3.03. Faraday Technology's overall GF Score™ is 95/100 with 9 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 Faraday Technology (TPE:3035), the current Beneish M-Score is -3.03 as of Jul. 15, 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 Faraday Technology (TPE:3035) Overvalued in 2026?
Based on GuruFocus' analysis, Faraday Technology stock appears to be undervalued.
The current stock price of NT$207.00 is trading 23% below its estimated GF Value™ of NT$268.93.
GuruFocus considers Faraday Technology to be Modestly Undervalued.
Key valuation signals for TPE:3035:
Beneish M-Score: -3.03
GF Value™: NT$268.93 vs. price of NT$207.00 (23% below fair value)
No single metric tells the full story. See the TPE:3035 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Faraday Technology Corp is a fabless ASIC vendor and silicon intellectual property and system platform provider. It offers a comprehensive range of ASIC solutions, including total 3DIC packaging, Neoverse CSS design, FPGA-Go-ASIC, and design implementation services. Furthermore, its silicon IP portfolio encompasses a wide array of offerings, such as I/O, Cell Library, Memory Compiler, ARM-compliant CPUs, USB 3.1/2.0, 10/100 Ethernet, Giga Ethernet, SATA3/2, etc. Faraday generates revenue from the sale of goods, the rendering of services, and silicon intellectual property licenses. Geographically, the company generates maximum revenue from Taiwan, and the rest from China, Singapore, the United States, Japan, and other markets.
95GF Score
Get the complete analysis for TPE:3035
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