Solrom Holdings (XTAE:SLRM) Beneish M-Score: -1.66 (As of Aug. 15, 2026)

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XTAE:SLRM Solrom Holdings Ltd XTAE:SLRM
24 GF Score
Price ₪5.83
! 2 Warning Signs
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What is Solrom Holdings Beneish M-Score?

Solrom Holdings XTAE:SLRM +0.40% 24 Beneish M-Score is -1.66 as of Aug. 15, 2026. GuruFocus rates XTAE:SLRM with a GF Score™ of 24/100. The stock has 2 warning signs investors should review. Among 2,400 Hardware companies, Solrom Holdings ranks worse than 85.92% 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.

Warning Sign:

Beneish M-Score -1.66 higher than -1.78, which implies that the company might have manipulated its financial results.

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

XTAE:SLRM' s Beneish M-Score Range Over the Past 10 Years
Min: -1.66   Med: -1.66   Max: -1.66
Current: -1.66

During the past 3 years, the highest Beneish M-Score of Solrom Holdings was -1.66. The lowest was -1.66. And the median was -1.66.

Solrom Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Solrom Holdings'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.

Solrom Holdings Beneish M-Score Chart

Solrom Holdings Annual Data
Trend Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -1.66

Solrom Holdings Semi-Annual Data
Dec23 Dec24 Dec25
Beneish M-Score 0.00 0.00 -1.66

XTAE:SLRM vs DELL, ANET, SNDK: Beneish M-Score Comparison

For the Computer Hardware subindustry, Solrom Holdings'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.

Solrom Holdings Beneish M-Score vs Hardware Industry

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

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


XTAE:SLRM
24GF Score
Solrom Holdings Ltd XTAE:SLRM
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Solrom Holdings 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 Solrom Holdings 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 * 1.1907+0.528 * 0.7771+0.404 * 0.7395+0.892 * 1.2812+0.115 * 1.2955
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7169+4.679 * 0.081413-0.327 * 0.5229
=-1.66

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was ₪54.90 Mil.
Revenue was ₪98.63 Mil.
Gross Profit was ₪44.71 Mil.
Total Current Assets was ₪81.24 Mil.
Total Assets was ₪173.49 Mil.
Property, Plant and Equipment(Net PPE) was ₪21.48 Mil.
Depreciation, Depletion and Amortization(DDA) was ₪6.91 Mil.
Selling, General, & Admin. Expense(SGA) was ₪3.58 Mil.
Total Current Liabilities was ₪30.40 Mil.
Long-Term Debt & Capital Lease Obligation was ₪22.25 Mil.
Net Income was ₪17.54 Mil.
Gross Profit was ₪0.00 Mil.
Cash Flow from Operations was ₪3.42 Mil.
 Total Receivables was ₪35.99 Mil.
Revenue was ₪76.98 Mil.
Gross Profit was ₪27.12 Mil.
Total Current Assets was ₪57.86 Mil.
Total Assets was ₪149.02 Mil.
Property, Plant and Equipment(Net PPE) was ₪8.96 Mil.
Depreciation, Depletion and Amortization(DDA) was ₪4.13 Mil.
Selling, General, & Admin. Expense(SGA) was ₪3.89 Mil.
Total Current Liabilities was ₪62.77 Mil.
Long-Term Debt & Capital Lease Obligation was ₪23.72 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)
=(54.897 / 98.632) / (35.985 / 76.982)
=0.556584 / 0.467447
=1.1907

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)
=(27.115 / 76.982) / (44.706 / 98.632)
=0.352225 / 0.453261
=0.7771

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 - (81.243 + 21.476) / 173.485) / (1 - (57.855 + 8.962) / 149.024)
=0.407908 / 0.551636
=0.7395

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
=98.632 / 76.982
=1.2812

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))
=(4.125 / (4.125 + 8.962)) / (6.905 / (6.905 + 21.476))
=0.315198 / 0.243297
=1.2955

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)
=(3.575 / 98.632) / (3.892 / 76.982)
=0.036246 / 0.050557
=0.7169

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)
=((22.249 + 30.398) / 173.485) / ((23.723 + 62.765) / 149.024)
=0.303467 / 0.580363
=0.5229

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
=(17.539 - 0 - 3.415) / 173.485
=0.081413

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.

Solrom Holdings has a M-score of -1.66 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 -1.66 mean?
Solrom Holdings (XTAE:SLRM) has a Beneish M-Score of -1.66 as of Aug. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Solrom Holdings and its competitors. According to the industry distribution chart, Solrom Holdings ranks #2062 out of 2400 companies in the Hardware industry, placing it in the top 85.9%.
Is Solrom Holdings' Beneish M-Score too high?
Solrom Holdings' current Beneish M-Score is -1.66. Based on the distribution chart, Solrom Holdings ranks #2062 out of 2400 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Solrom Holdings has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Solrom Holdings' Beneish M-Score compare to DELL and ANET?
According to the Hardware industry distribution chart, Solrom Holdings ranks #2062 out of 2400 companies for Beneish M-Score. This places Solrom Holdings in the lower 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 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 Solrom Holdings and its competitors. Solrom Holdings's current Beneish M-Score is -1.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solrom Holdings stock overvalued right now?
Solrom Holdings (XTAE:SLRM) has a current Beneish M-Score of -1.66. The current Beneish M-Score is -1.66. Solrom Holdings' overall GF Score™ is 24/100 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 Solrom Holdings (XTAE:SLRM), the current Beneish M-Score is -1.66 as of Aug. 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.

Solrom Holdings Business Description

Address Kibbutz Kfar Masaryk, Rosh Haayin, ISR, 2520800
Solrom Holdings Ltd operates in the industrial-defense sector and is engaged, itself and through subsidiaries, in the development and manufacture of electronic and electromechanical systems, products, and equipment for military markets and defense companies, as well as in the development and manufacture of products based on QCL laser technology for military-defense applications. The group develops products for a variety of customers in the Israeli defense sector, which are integrated into national-level flagship projects currently being developed in the sea, land, air, and space.
24GF Score

Get the complete analysis for XTAE:SLRM

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

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