IONOS Group SE (CHIX:IOSD) Beneish M-Score: -3.06 (As of Jun. 25, 2026)


CHIX:IOSD IONOS Group SE CHIX:IOSD
55 GF Score
Price €29.17
GF Value €23.48
Valuation Modestly Overvalued
! 1 Warning Sign
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What is IONOS Group SE Beneish M-Score?

IONOS Group SE CHIX:IOSD 55 Beneish M-Score is -3.06 as of Jun. 25, 2026. GuruFocus rates CHIX:IOSD with a GF Score™ of 55/100 and a GF Value™ of €23.48 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 2,633 Software companies, IONOS Group SE ranks better than 78.69% 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 -3.06 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

CHIX:IOSd' s Beneish M-Score Range Over the Past 10 Years
Min: -4.02   Med: -3.06   Max: -2.89
Current: -3.06

During the past 4 years, the highest Beneish M-Score of IONOS Group SE was -2.89. The lowest was -4.02. And the median was -3.06.


IONOS Group SE Beneish M-Score Historical Data

* Premium members only.

The historical data trend for IONOS Group SE'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.

IONOS Group SE Beneish M-Score Chart

IONOS Group SE Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.95 -3.20

IONOS Group SE Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only Premium Member Only Premium Member Only -3.05 -2.91 -3.44 -3.20 -3.06

CHIX:IOSD vs IBM, ACN, FISV: Beneish M-Score Comparison

For the Information Technology Services subindustry, IONOS Group SE'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.


IONOS Group SE Beneish M-Score vs Software Industry

For the Software industry and Technology sector, IONOS Group SE's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where IONOS Group SE's Beneish M-Score falls into.


CHIX:IOSD
55GF Score
IONOS Group SE CHIX:IOSD
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IONOS Group SE 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 IONOS Group SE 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 * 0.8398+0.528 * 0.9926+0.404 * 0.9882+0.892 * 1.1086+0.115 * 0.9793
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0001+4.679 * -0.110853-0.327 * 1.0094
=-3.06

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was €205 Mil.
Revenue was 348.371 + 336.653 + 85.192 + 565.408 = €1,336 Mil.
Gross Profit was 211.709 + 200.84 + 151.484 + 233.635 = €798 Mil.
Total Current Assets was €344 Mil.
Total Assets was €1,644 Mil.
Property, Plant and Equipment(Net PPE) was €282 Mil.
Depreciation, Depletion and Amortization(DDA) was €106 Mil.
Selling, General, & Admin. Expense(SGA) was €247 Mil.
Total Current Liabilities was €1,171 Mil.
Long-Term Debt & Capital Lease Obligation was €0 Mil.
Net Income was 52.591 + 53.454 + 60.844 + 64.686 = €232 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = €0 Mil.
Cash Flow from Operations was 99.188 + 97.643 + 95.986 + 120.988 = €414 Mil.
Total Receivables was €220 Mil.
Revenue was 329.641 + 324.975 + 171.481 + 378.645 = €1,205 Mil.
Gross Profit was 196.438 + 184.565 + 148.423 + 184.739 = €714 Mil.
Total Current Assets was €318 Mil.
Total Assets was €1,680 Mil.
Property, Plant and Equipment(Net PPE) was €308 Mil.
Depreciation, Depletion and Amortization(DDA) was €112 Mil.
Selling, General, & Admin. Expense(SGA) was €223 Mil.
Total Current Liabilities was €388 Mil.
Long-Term Debt & Capital Lease Obligation was €798 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)
=(204.895 / 1335.624) / (220.075 / 1204.742)
=0.153408 / 0.182674
=0.8398

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)
=(714.165 / 1204.742) / (797.668 / 1335.624)
=0.592795 / 0.597225
=0.9926

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 - (343.642 + 281.85) / 1643.885) / (1 - (318.495 + 308.453) / 1680.483)
=0.619504 / 0.626924
=0.9882

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
=1335.624 / 1204.742
=1.1086

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))
=(112.362 / (112.362 + 308.453)) / (105.661 / (105.661 + 281.85))
=0.26701 / 0.272666
=0.9793

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)
=(247.25 / 1335.624) / (222.991 / 1204.742)
=0.185119 / 0.185094
=1.0001

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)
=((0 + 1170.93) / 1643.885) / ((797.886 + 387.926) / 1680.483)
=0.712294 / 0.705638
=1.0094

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
=(231.575 - 0 - 413.805) / 1643.885
=-0.110853

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.

IONOS Group SE has a M-score of -3.06 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 -3.06 mean?
IONOS Group SE (CHIX:IOSD) has a Beneish M-Score of -3.06 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on IONOS Group SE and its competitors. According to the industry distribution chart, IONOS Group SE ranks #561 out of 2633 companies in the Software industry, placing it in the top 21.3%.
Is IONOS Group SE's Beneish M-Score too high?
IONOS Group SE's current Beneish M-Score is -3.06. Based on the distribution chart, IONOS Group SE ranks #561 out of 2633 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, IONOS Group SE has a GF Score™ of 55/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IONOS Group SE's Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, IONOS Group SE ranks #561 out of 2633 companies for Beneish M-Score. This places IONOS Group SE in the top 21% 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 a Software company?
A good Beneish M-Score depends on the Software 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 IONOS Group SE and its competitors. IONOS Group SE's current Beneish M-Score is -3.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IONOS Group SE stock overvalued right now?
Based on GuruFocus' analysis, IONOS Group SE (CHIX:IOSD) is currently considered Modestly Overvalued. The stock's GF Value™ is €23.48, compared to a current price of €29.17 — trading 24.2% above its estimated fair value. The current Beneish M-Score is -3.06. IONOS Group SE's overall GF Score™ is 55/100 with 1 warning sign 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 IONOS Group SE (CHIX:IOSD), the current Beneish M-Score is -3.06 as of Jun. 25, 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 IONOS Group SE (CHIX:IOSD) Overvalued in 2026?

Based on GuruFocus' analysis, IONOS Group SE stock appears to be overvalued. The current stock price of €29.17 is trading 24.2% above its estimated GF Value™ of €23.48. GuruFocus considers IONOS Group SE to be Modestly Overvalued.

Key valuation signals for CHIX:IOSD:

  • Beneish M-Score: -3.06
  • GF Value™: €23.48 vs. price of €29.17 (24.2% above fair value)
  • GF Score™: 55/100 with 1 warning sign

No single metric tells the full story. See the CHIX:IOSD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IONOS Group SE Business Description

Other Exchanges IOS:GermanyIOS:Austria
Address Elgendorfer Strasse 57, Montabaur, NW, DEU, 56410
IONOS Group SE is an international digitalization partner and cloud enabler for small and medium-sized enterprises (SMEs), as well as for individual users and larger corporate customers. It offers a comprehensive product portfolio in the areas of web presence and productivity, as well as cloud solutions, which is further supported by customer care and infrastructure. In addition, IONOS offers an online marketplace for buying, selling, and parking domains. The company's operating segments include Digital Solutions & Cloud segment which offers its customers customized server products and other solutions to set up an online presence and maintain their IT infrastructure. Geographically, it derives key revenue from Germany.
55GF Score

Get the complete analysis for CHIX:IOSD

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

€29.17
Price
€23.48
GF Value