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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 -3.16 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Adval Tech Holding AG's Beneish M-Score or its related term are showing as below:
CHIX:ADVNz'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.16 Med: -2.53 Max: -1.94
Current: -3.16
During the past 13 years, the highest Beneish M-Score of Adval Tech Holding AG was -1.94. The lowest was -3.16. And the median was -2.53.
Adval Tech Holding AG Beneish M-Score Related Terms
Adval Tech Holding AG Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Adval Tech Holding AG'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.
CHIX:ADVNZ vs ATI, CRS, MLI: Beneish M-Score Comparison
For the Metal Fabrication subindustry, Adval Tech Holding 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.
Adval Tech Holding AG Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Adval Tech Holding AG's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Adval Tech Holding AG'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 Adval Tech Holding 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 * 1.0252
+
0.528 * 0.9697
+
0.404 * 1.0592
+
0.892 * 0.9418
+
0.115 * 1.1188
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0458
+
4.679 * -0.136963
-
0.327 * 1.0606
=
-3.16
* 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))
=
(6.526 / (6.526 + 50.092))
/
(5.874 / (5.874 + 51.142))
=
0.115264
/
0.103024
=
1.1188
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
=
(-6.933 - 0
-
13.086)
/
146.164
=
-0.136963
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.
Adval Tech Holding AG has a M-score of -3.16 suggests that the company is unlikely to be a manipulator.
Adval Tech Holding AG (CHIX:ADVNZ) has a Beneish M-Score of -3.16 as of Sep. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Adval Tech Holding AG and its competitors. According to the industry distribution chart, Adval Tech Holding AG ranks #266 out of 2942 companies in the Industrial Products industry, placing it in the top 9%.
Is Adval Tech Holding AG's Beneish M-Score too high?
Adval Tech Holding AG's current Beneish M-Score is -3.16. Based on the distribution chart, Adval Tech Holding AG ranks #266 out of 2942 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Adval Tech Holding AG has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Adval Tech Holding AG's Beneish M-Score compare to ATI and CRS?
According to the Industrial Products industry distribution chart, Adval Tech Holding AG ranks #266 out of 2942 companies for Beneish M-Score. This places Adval Tech Holding AG in the top 9% of its industry — outperforming the majority of peers. 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Adval Tech Holding AG and its competitors. Adval Tech Holding AG's current Beneish M-Score is -3.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adval Tech Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Adval Tech Holding AG (CHIX:ADVNZ) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF62.08, compared to a current price of CHF44.00 — trading 29.1% below its estimated fair value. The current Beneish M-Score is -3.16. Adval Tech Holding AG's overall GF Score™ is 60/100 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 Adval Tech Holding AG (CHIX:ADVNZ), the current Beneish M-Score is -3.16 as of Sep. 05, 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 Adval Tech Holding AG (CHIX:ADVNZ) Overvalued in 2026?
Based on GuruFocus' analysis, Adval Tech Holding AG stock appears to be undervalued.
The current stock price of CHF44.00 is trading 29.1% below its estimated GF Value™ of CHF62.08.
GuruFocus considers Adval Tech Holding AG to be Modestly Undervalued.
Key valuation signals for CHIX:ADVNZ:
Beneish M-Score: -3.16
GF Value™: CHF62.08 vs. price of CHF44.00 (29.1% below fair value)
No single metric tells the full story. See the CHIX:ADVNZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adval Tech Holding AG is an industrial supplier of technologically sophisticated components and subassemblies made of metal and plastic. The company focuses on the automotive market and on related applications. The Components division is engaged in the manufacture of metal and plastic high-volume components, focusing on the automotive industry in terms of quantities, quality requirements, lifetime, and production processes. Geographically, activities function through Germany, Switzerland, Hungary, France, Czech Republic, Turkey, Slovakia, other European countries, China, North America, Latin America, Africa, Australia and Oceania. Maximum revenue is generated from Germany region.
60GF Score
Get the complete analysis for CHIX:ADVNZ
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