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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 -2.64 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Infineon Technologies AG's Beneish M-Score or its related term are showing as below:
BUD:INFINEON'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.92 Med: -2.71 Max: -2.16
Current: -2.64
During the past 13 years, the highest Beneish M-Score of Infineon Technologies AG was -2.16. The lowest was -2.92. And the median was -2.71.
Infineon Technologies AG Beneish M-Score Related Terms
Infineon Technologies AG Beneish M-Score Historical Data
* 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.
BUD:INFINEON vs NVDA, AVGO, MU: Beneish M-Score Comparison
For the Semiconductors subindustry, Infineon Technologies AG'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.
Infineon Technologies AG Beneish M-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Infineon Technologies AG's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Infineon Technologies AG's Beneish M-Score falls into.
Infineon Technologies AG 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 Infineon Technologies AG 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 * 1.0829
+
0.528 * 1.0376
+
0.404 * 1.0431
+
0.892 * 1.1137
+
0.115 * 1.0386
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9968
+
4.679 * -0.05726
-
0.327 * 1.1611
=
-2.58
* 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))
=
(649439.036 / (649439.036 + 2920689.793))
/
(687643.64 / (687643.64 + 3238284.115))
=
0.181909
/
0.175154
=
1.0386
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
=
(400376.002 - 0
-
1061296.921)
/
11542528.544
=
-0.05726
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.
Infineon Technologies AG has a M-score of -2.58 suggests that the company is unlikely to be a manipulator.
Infineon Technologies AG (BUD:INFINEON) has a Beneish M-Score of -2.64 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Infineon Technologies AG and its competitors. According to the industry distribution chart, Infineon Technologies AG ranks #353 out of 987 companies in the Semiconductors industry, placing it in the top 35.8%.
Is Infineon Technologies AG's Beneish M-Score too high?
Infineon Technologies AG's current Beneish M-Score is -2.64. Based on the distribution chart, Infineon Technologies AG ranks #353 out of 987 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Infineon Technologies AG has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Infineon Technologies AG's Beneish M-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Infineon Technologies AG ranks #353 out of 987 companies for Beneish M-Score. This puts Infineon Technologies AG 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 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 Infineon Technologies AG and its competitors. Infineon Technologies AG's current Beneish M-Score is -2.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Infineon Technologies AG stock overvalued right now?
Based on GuruFocus' analysis, Infineon Technologies AG (BUD:INFINEON) is currently considered Significantly Overvalued. The stock's GF Value™ is Ft12,206.51, compared to a current price of Ft25,330.00 — trading 107.5% above its estimated fair value. The current Beneish M-Score is -2.64. Infineon Technologies AG's overall GF Score™ is 81/100 with 4 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 Infineon Technologies AG (BUD:INFINEON), the current Beneish M-Score is -2.64 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 Infineon Technologies AG (BUD:INFINEON) Overvalued in 2026?
Based on GuruFocus' analysis, Infineon Technologies AG stock appears to be overvalued.
The current stock price of Ft25,330.00 is trading 107.5% above its estimated GF Value™ of Ft12,206.51.
GuruFocus considers Infineon Technologies AG to be Significantly Overvalued.
Key valuation signals for BUD:INFINEON:
Beneish M-Score: -2.64
GF Value™: Ft12,206.51 vs. price of Ft25,330.00 (107.5% above fair value)
No single metric tells the full story. See the BUD:INFINEON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Infineon Technologies headquartered in Munich, was spun off from German industrial conglomerate Siemens in 2000 and today is one of Europe's largest chipmakers. The company is a leader in the automotive semiconductor market with prominent products used in active safety and powertrain content within vehicles. Infineon is also the market leader in power semiconductors used to deliver voltage within a wide variety of electrical systems. The company operates in four segments: automotive, or ATV, green industrial power, or GIP, power and sensor systems, or PSS, and connected secure systems, or CSS.
81GF Score
Get the complete analysis for BUD:INFINEON
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