Mycronic ABCHIX:MYCRS 92 Beneish M-Score is -2.39 as of Jun. 26, 2026. GuruFocus rates CHIX:MYCRS with a GF Score™ of 92/100 and a GF Value™ of kr226.14 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,926 Industrial Products companies, Mycronic AB ranks worse than 55.95% 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 -2.39 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Mycronic AB's Beneish M-Score or its related term are showing as below:
CHIX:MYCRs'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.25 Med: -2.34 Max: -0.37
Current: -2.39
During the past 13 years, the highest Beneish M-Score of Mycronic AB was -0.37. The lowest was -3.25. And the median was -2.34.
Mycronic AB Beneish M-Score Related Terms
Mycronic AB Beneish M-Score Historical Data
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The historical data trend for Mycronic AB'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:MYCRS vs GEV, ETN, PH: Beneish M-Score Comparison
For the Specialty Industrial Machinery subindustry, Mycronic AB'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.
Mycronic AB Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mycronic AB's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Mycronic AB'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 Mycronic AB 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 * 0.9424
+
0.528 * 1.0257
+
0.404 * 1.2252
+
0.892 * 1.1054
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0736
+
4.679 * -0.010137
-
0.327 * 0.9812
=
-2.39
* 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))
=
(0 / (0 + 538))
/
(0 / (0 + 821))
=
0
/
0
=
1
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
=
(1655 - 0
-
1776)
/
11937
=
-0.010137
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.
Mycronic AB has a M-score of -2.39 suggests that the company is unlikely to be a manipulator.
Mycronic AB (CHIX:MYCRS) has a Beneish M-Score of -2.39 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Mycronic AB and its competitors. According to the industry distribution chart, Mycronic AB ranks #1637 out of 2926 companies in the Industrial Products industry, placing it in the top 55.9%.
Is Mycronic AB's Beneish M-Score too high?
Mycronic AB's current Beneish M-Score is -2.39. Based on the distribution chart, Mycronic AB ranks #1637 out of 2926 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Mycronic AB has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mycronic AB's Beneish M-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Mycronic AB ranks #1637 out of 2926 companies for Beneish M-Score. This places Mycronic AB in the lower 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 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 Mycronic AB and its competitors. Mycronic AB's current Beneish M-Score is -2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mycronic AB stock overvalued right now?
Based on GuruFocus' analysis, Mycronic AB (CHIX:MYCRS) is currently considered Significantly Overvalued. The stock's GF Value™ is kr226.14, compared to a current price of kr300.40 — trading 32.8% above its estimated fair value. The current Beneish M-Score is -2.39. Mycronic AB's overall GF Score™ is 92/100 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 Mycronic AB (CHIX:MYCRS), the current Beneish M-Score is -2.39 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.
Is Mycronic AB (CHIX:MYCRS) Overvalued in 2026?
Based on GuruFocus' analysis, Mycronic AB stock appears to be overvalued.
The current stock price of kr300.40 is trading 32.8% above its estimated GF Value™ of kr226.14.
GuruFocus considers Mycronic AB to be Significantly Overvalued.
Key valuation signals for CHIX:MYCRS:
Beneish M-Score: -2.39
GF Value™: kr226.14 vs. price of kr300.40 (32.8% above fair value)
No single metric tells the full story. See the CHIX:MYCRS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mycronic AB develops solutions for electronics production. It operates in four segments: Pattern Generators, which develops, manufactures, & markets mask writers & measuring machines for the production of photomasks for displays; The PCB Assembly Solutions division develops, manufactures, and markets flexible PCB assembly solutions, including jet printing, stencil printing, 3D inspection, component placement, and automated storage solutions. The High Volume division develops, manufactures, & markets equipment for dispensing and conformal coating of circuit boards, with a focus on high-volume markets in Asia. The Global Technologies division's offering includes production solutions with high levels of differentiation. The majority of its revenue is generated from the PCB Generators segment.
92GF Score
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