Vitura Health (ASX:VIT) Beneish M-Score: -2.52 (As of Jul. 06, 2026)


What is Vitura Health Beneish M-Score?

Vitura Health ASX:VIT Beneish M-Score is -2.52 as of Jul. 06, 2026. The stock has 8 warning signs investors should review. Among 910 Drug Manufacturers companies, Vitura Health ranks better than 51.87% 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 -2.52 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ASX:VIT' s Beneish M-Score Range Over the Past 10 Years
Min: -2.52   Med: -1.39   Max: 33.44
Current: -2.52

During the past 7 years, the highest Beneish M-Score of Vitura Health was 33.44. The lowest was -2.52. And the median was -1.39.

Vitura Health Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Vitura Health'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.

Vitura Health Beneish M-Score Chart

Vitura Health Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial 9.81 33.44 -1.39 -1.78 -2.52

Vitura Health Semi-Annual Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -1.78 0.00 -2.52 0.00

ASX:VIT vs ZTS, UTHR: Beneish M-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Vitura Health'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.

Vitura Health Beneish M-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Vitura Health's Beneish M-Score distribution charts can be found below:

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


Vitura Health 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 Vitura Health 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 * 0.7656+0.528 * 1.0153+0.404 * 1.3007+0.892 * 1.0013+0.115 * 0.4827
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9258+4.679 * 0.004928-0.327 * 0.8005
=-2.52

* 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 (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was A$10.5 Mil.
Revenue was A$124.0 Mil.
Gross Profit was A$33.8 Mil.
Total Current Assets was A$25.7 Mil.
Total Assets was A$75.5 Mil.
Property, Plant and Equipment(Net PPE) was A$3.2 Mil.
Depreciation, Depletion and Amortization(DDA) was A$2.3 Mil.
Selling, General, & Admin. Expense(SGA) was A$18.8 Mil.
Total Current Liabilities was A$18.8 Mil.
Long-Term Debt & Capital Lease Obligation was A$8.8 Mil.
Net Income was A$3.3 Mil.
Gross Profit was A$0.3 Mil.
Cash Flow from Operations was A$2.7 Mil.
 Total Receivables was A$13.7 Mil.
Revenue was A$123.9 Mil.
Gross Profit was A$34.2 Mil.
Total Current Assets was A$31.0 Mil.
Total Assets was A$71.3 Mil.
Property, Plant and Equipment(Net PPE) was A$6.5 Mil.
Depreciation, Depletion and Amortization(DDA) was A$1.6 Mil.
Selling, General, & Admin. Expense(SGA) was A$20.3 Mil.
Total Current Liabilities was A$23.4 Mil.
Long-Term Debt & Capital Lease Obligation was A$9.3 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)
=(10.531 / 124.037) / (13.736 / 123.871)
=0.084902 / 0.11089
=0.7656

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)
=(34.22 / 123.871) / (33.75 / 124.037)
=0.276255 / 0.272096
=1.0153

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 - (25.718 + 3.159) / 75.494) / (1 - (30.973 + 6.469) / 71.283)
=0.617493 / 0.474742
=1.3007

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
=124.037 / 123.871
=1.0013

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))
=(1.642 / (1.642 + 6.469)) / (2.282 / (2.282 + 3.159))
=0.202441 / 0.419408
=0.4827

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)
=(18.841 / 124.037) / (20.324 / 123.871)
=0.151898 / 0.164074
=0.9258

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)
=((8.849 + 18.836) / 75.494) / ((9.295 + 23.359) / 71.283)
=0.366718 / 0.45809
=0.8005

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
=(3.324 - 0.284 - 2.668) / 75.494
=0.004928

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.

Vitura Health has a M-score of -2.52 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.52 mean?
Vitura Health (ASX:VIT) has a Beneish M-Score of -2.52 as of Jul. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Vitura Health and its competitors. According to the industry distribution chart, Vitura Health ranks #438 out of 910 companies in the Drug Manufacturers industry, placing it in the top 48.1%.
Is Vitura Health's Beneish M-Score too high?
Vitura Health's current Beneish M-Score is -2.52. Based on the distribution chart, Vitura Health ranks #438 out of 910 companies in the Drug Manufacturers industry, which is above the industry midpoint.
How does Vitura Health's Beneish M-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Vitura Health ranks #438 out of 910 companies for Beneish M-Score. This puts Vitura Health 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 Drug Manufacturers company?
A good Beneish M-Score depends on the Drug Manufacturers 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 Vitura Health and its competitors. Vitura Health's current Beneish M-Score is -2.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vitura Health stock overvalued right now?
Based on GuruFocus' analysis, Vitura Health (ASX:VIT) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.10, compared to a current price of A$0.03 — trading 73% below its estimated fair value. The current Beneish M-Score is -2.52. 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 Vitura Health (ASX:VIT), the current Beneish M-Score is -2.52 as of Jul. 06, 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.

Vitura Health Business Description

Address 299 Toorak Road, Suite 8, Level 3, South Yarra, VIC, AUS, 3141
Vitura Health Ltd is focused on creating medicinal cannabis products and digital health solutions that connect and strengthen the ecosystem between patients, prescribers, pharmacists, and suppliers. The company has two business segments namely, Sales and distribution (involving the sale and distribution of medical products including medicinal cannabis, psychedelic drugs, and smoking cessation products) and Clinics and services (involving the operation of medicinal cannabis clinics and the provision of related services). The company generates the majority of its revenue from the Sales and distribution segment. Geographically the company generates the majority of its revenue from Australia.