Meyer Burger Technology AG (CHIX:MBTNZ) Beneish M-Score: 0.00 (As of Jun. 26, 2026)

What is Meyer Burger Technology AG Beneish M-Score?

Meyer Burger Technology AG CHIX:MBTNZ 4 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates CHIX:MBTNZ with a GF Score™ of 4/100.

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.

The historical rank and industry rank for Meyer Burger Technology AG's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Meyer Burger Technology AG was 0.00. The lowest was 0.00. And the median was 0.00.

Meyer Burger Technology AG Beneish M-Score Related Terms

Meyer Burger Technology AG Beneish M-Score Historical Data

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The historical data trend for Meyer Burger Technology 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.

Meyer Burger Technology AG Beneish M-Score Chart

Meyer Burger Technology AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

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-0.41

-3.07

-3.84

-0.24

-7.40

Meyer Burger Technology AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Beneish M-Score	Get a 7-Day Free Trial															0.00	-0.24	0.00	-7.40	0.00

CHIX:MBTNZ vs FSLR, NXT, ENPH: Beneish M-Score Comparison

For the Solar subindustry, Meyer Burger Technology 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.

Meyer Burger Technology AG Beneish M-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Meyer Burger Technology AG's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Meyer Burger Technology AG's Beneish M-Score falls into.

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Meyer Burger Technology AG CHIX:MBTNZ

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Meyer Burger Technology 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 Meyer Burger Technology AG for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.9521

0.528 * -5.5157

0.404 * 0.8482

0.892 * 0.9173

0.115 * 0.8311

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.3676

4.679 * -0.204875

0.327 * 1.7897

-7.40

This Year (Dec23) TTM:

Last Year (Dec22) TTM:

Total Receivables was CHF23.54 Mil.
Revenue was CHF135.04 Mil.
Gross Profit was CHF-10.81 Mil.
Total Current Assets was CHF386.07 Mil.
Total Assets was CHF681.22 Mil.
Property, Plant and Equipment(Net PPE) was CHF266.33 Mil.
Depreciation, Depletion and Amortization(DDA) was CHF29.20 Mil.
Selling, General, & Admin. Expense(SGA) was CHF14.93 Mil.
Total Current Liabilities was CHF160.52 Mil.
Long-Term Debt & Capital Lease Obligation was CHF326.19 Mil.
Net Income was CHF-291.94 Mil.
Gross Profit was CHF0.00 Mil.
Cash Flow from Operations was CHF-152.37 Mil.

Total Receivables was CHF26.95 Mil.
Revenue was CHF147.21 Mil.
Gross Profit was CHF65.03 Mil.
Total Current Assets was CHF473.80 Mil.
Total Assets was CHF720.44 Mil.
Property, Plant and Equipment(Net PPE) was CHF210.71 Mil.
Depreciation, Depletion and Amortization(DDA) was CHF18.85 Mil.
Selling, General, & Admin. Expense(SGA) was CHF11.90 Mil.
Total Current Liabilities was CHF89.45 Mil.
Long-Term Debt & Capital Lease Obligation was CHF198.15 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)
	=	(23.538 / 135.035)	/	(26.953 / 147.214)
	=	0.17431	/	0.183087
	=	0.9521

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)
	=	(65.026 / 147.214)	/	(-10.814 / 135.035)
	=	0.441711	/	-0.080083
	=	-5.5157

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 - (386.068 + 266.33) / 681.216)	/	(1 - (473.798 + 210.712) / 720.442)
	=	0.042304	/	0.049875
	=	0.8482

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
	=	135.035	/	147.214
	=	0.9173

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))
	=	(18.854 / (18.854 + 210.712))	/	(29.203 / (29.203 + 266.33))
	=	0.082129	/	0.098815
	=	0.8311

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)
	=	(14.928 / 135.035)	/	(11.9 / 147.214)
	=	0.110549	/	0.080835
	=	1.3676

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)
	=	((326.189 + 160.517) / 681.216)	/	((198.148 + 89.452) / 720.442)
	=	0.714466	/	0.399199
	=	1.7897

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
	=	(-291.938 - 0	-	-152.374)	/	681.216
	=	-0.204875

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.

Meyer Burger Technology AG has a M-score of -7.40 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 0.00 mean?

Meyer Burger Technology AG (CHIX:MBTNZ) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Meyer Burger Technology AG and its competitors.

Is Meyer Burger Technology AG's Beneish M-Score too high?

Meyer Burger Technology AG's current Beneish M-Score is 0.00. Overall, Meyer Burger Technology AG has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.

How does Meyer Burger Technology AG's Beneish M-Score compare to FSLR and NXT?

Meyer Burger Technology AG's Beneish M-Score of 0.00 can be compared against companies in the Semiconductors 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 Meyer Burger Technology AG and its competitors. Meyer Burger Technology AG's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Meyer Burger Technology AG stock overvalued right now?

Meyer Burger Technology AG (CHIX:MBTNZ) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Meyer Burger Technology AG's overall GF Score™ is 4/100. 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 Meyer Burger Technology AG (CHIX:MBTNZ), the current Beneish M-Score is 0.00 as of Jun. 26, 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.

Meyer Burger Technology AG Business Description

Industry Technology Semiconductors

Comparable Companies XSWX:WIHN FSLR SHSE:600438 NSE:WAAREEENER NXT SHSE:688223 NSE:PREMIERENE SZSE:002459 HKSE:06865 SHSE:688599 SHSE:688472 XKRX:009830 ENPH HKSE:03800 SHSE:600732 HKSE:00968 RUN SZSE:002506 SZSE:301658 SZSE:300118

Address Schorenstrasse 39, Gwatt (Thun), CHE, CH-3645

Website https://www.meyerburger.com

Meyer Burger Technology AG operates in the technology sector of Switzerland. Its business involves building equipment to produce solar cells, modules, and systems. Meyer's activities are divided into reportable segments, Photovoltaics, and Modules. The company generates maximum revenue from Modules Segment whose product range includes efficient solar modules for roof systems in the private and commercial sector as well as solutions for the solar power plant segment. The company derives the majority of its revenue from Germany.

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