Kimball Electronics, Inc.
KE Industrials Electrical Equipment & Parts
Kimball Electronics, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $1.4 billion, down 3.72% from fiscal 2025. In the quarter to June 2026, revenue fell 2.34%, EPS grew 29.6%, free cash flow fell 50.5% and total debt fell 21.0%, each against the same quarter a year earlier.
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Kimball Electronics, Inc. (KE) Beneish M-score
Kimball Electronics, Inc.'s Beneish M-score for fiscal 2026 is −2.76; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2026 | −2.76 | 0.31 |
| FY2025 | −3.07 | (0.54) |
| FY2024 | −2.52 | (0.50) |
| FY2023 | −2.03 | (0.12) |
| FY2022 | −1.91 | 0.95 |
| FY2021 | −2.86 | 0.12 |
| FY2020 | −2.98 | (1.14) |
| FY2019 | −1.84 | 0.79 |
| FY2018 | −2.62 | (0.10) |
| FY2017 | −2.52 | (0.13) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 1.02 | — | 0.94 | |
| Gross margin index | 0.86 | — | 0.45 | |
| Asset quality index | 1.09 | — | 0.44 | |
| Sales growth index | 0.96 | — | 0.86 | |
| Depreciation index | 0.99 | — | 0.11 | |
| SG&A index | 1.26 | — | −0.22 | |
| Total accruals to total assets | (0.04) | — | −0.19 | |
| Leverage index | 0.97 | — | −0.32 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −2.76 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| AMPX Amprius Technologies, Inc. compare | −4.8× |
| ENVX Enovix Corporation compare | −3.4× |
| KE Kimball Electronics, Inc. | −2.8× |
| HYLN Hyliion Holdings Corp. compare | −2.3× |
| TE T1 Energy Inc compare | 226× |
| ADSE ADS-TEC Energy PLC compare | — |
| EOSE Eos Energy Enterprises, Inc. compare | — |
| FCEL FuelCell Energy, Inc. compare | — |
| FAC Factorial Energy Inc. compare | — |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI