Titan InternationalTWI 65 Beneish M-Score is -2.75 as of Jun. 25, 2026. GuruFocus rates TWI with a GF Score™ of 65/100 and a GF Value™ of $9.12 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 205 Farm & Heavy Construction Machinery companies, Titan International ranks better than 74.63% 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 -2.75 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Titan International's Beneish M-Score or its related term are showing as below:
TWI'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.52 Med: -2.63 Max: -1.84
Current: -2.75
During the past 13 years, the highest Beneish M-Score of Titan International was -1.84. The lowest was -3.52. And the median was -2.63.
Titan International Beneish M-Score Related Terms
Titan International Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Titan 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 Farm & Heavy Construction Machinery subindustry, Titan 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.
Titan International Beneish M-Score vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Titan International's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Titan 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 Titan 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 * 1.0537
+
0.528 * 0.9659
+
0.404 * 0.8859
+
0.892 * 0.9937
+
0.115 * 0.9274
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0242
+
4.679 * -0.047855
-
0.327 * 1.0318
=
-2.75
* 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))
=
(64.574 / (64.574 + 556.764))
/
(68.313 / (68.313 + 541.292))
=
0.103927
/
0.112061
=
0.9274
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
=
(-87.059 - -27.09
-
22.094)
/
1714.821
=
-0.047855
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.
Titan International has a M-score of -2.75 suggests that the company is unlikely to be a manipulator.
Titan International (TWI) has a Beneish M-Score of -2.75 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Titan International and its competitors. According to the industry distribution chart, Titan International ranks #52 out of 205 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 25.4%.
Is Titan International's Beneish M-Score too high?
Titan International's current Beneish M-Score is -2.75. Based on the distribution chart, Titan International ranks #52 out of 205 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Titan International has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Titan International's Beneish M-Score compare to CMCO and MTW?
According to the Farm & Heavy Construction Machinery industry distribution chart, Titan International ranks #52 out of 205 companies for Beneish M-Score. This puts Titan 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 a Farm & Heavy Construction Machinery company?
A good Beneish M-Score depends on the Farm & Heavy Construction Machinery 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 Titan International and its competitors. Titan International's current Beneish M-Score is -2.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Titan International stock overvalued right now?
Based on GuruFocus' analysis, Titan International (TWI) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.12, compared to a current price of $7.51 — trading 17.7% below its estimated fair value. The current Beneish M-Score is -2.75. Titan International's overall GF Score™ is 65/100 with 6 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 Titan International (TWI), the current Beneish M-Score is -2.75 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.
Is Titan International (TWI) Overvalued in 2026?
Based on GuruFocus' analysis, Titan International stock appears to be undervalued.
The current stock price of $7.51 is trading 17.7% below its estimated GF Value™ of $9.12.
GuruFocus considers Titan International to be Modestly Undervalued.
Key valuation signals for TWI:
Beneish M-Score: -2.75
GF Value™: $9.12 vs. price of $7.51 (17.7% below fair value)
No single metric tells the full story. See the TWI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. It designs and manufactures products for OEMs and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets. The company operates through three segments, namely Agricultural, Earthmoving/Construction, and Consumer. It derives the majority of revenue from the Agricultural segment which manufactures various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment. Geographically, the company generates the maximum revenue from North America, followed by Europe / CIS, Latin America, and Asia and other regions.
65GF Score
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