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 -2.52 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Q.Beyond AG's Beneish M-Score or its related term are showing as below:
CHIX:QBY0d'
s Beneish M-Score Range Over the Past 10 Years
Min: -5.35 Med: -2.98 Max: 2.36
Current: -2.52
During the past 13 years, the highest Beneish M-Score of Q.Beyond AG was 2.36. The lowest was -5.35. And the median was -2.98.
Q.Beyond AG Beneish M-Score Related Terms
Q.Beyond AG Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Q.Beyond 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:QBY0D vs IBM, ACN, FISV: Beneish M-Score Comparison
For the Information Technology Services subindustry, Q.Beyond 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.
Q.Beyond AG Beneish M-Score vs Software Industry
For the Software industry and Technology sector, Q.Beyond AG's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Q.Beyond 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 Q.Beyond 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 * 1.0943
+
0.528 * 0.9324
+
0.404 * 0.9652
+
0.892 * 0.933
+
0.115 * 1.0897
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1016
+
4.679 * -0.015025
-
0.327 * 0.8288
=
-2.52
* 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))
=
(12.383 / (12.383 + 38.28))
/
(10.078 / (10.078 + 34.852))
=
0.244419
/
0.224304
=
1.0897
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
=
(0.845 - 0
-
2.936)
/
139.169
=
-0.015025
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.
Q.Beyond AG has a M-score of -2.52 suggests that the company is unlikely to be a manipulator.
Q.Beyond AG (CHIX:QBY0D) has a Beneish M-Score of -2.52 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Q.Beyond AG and its competitors. According to the industry distribution chart, Q.Beyond AG ranks #1346 out of 2633 companies in the Software industry, placing it in the top 51.1%.
Is Q.Beyond AG's Beneish M-Score too high?
Q.Beyond AG's current Beneish M-Score is -2.52. Based on the distribution chart, Q.Beyond AG ranks #1346 out of 2633 companies in the Software industry, which is below the industry midpoint. Overall, Q.Beyond AG has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Q.Beyond AG's Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, Q.Beyond AG ranks #1346 out of 2633 companies for Beneish M-Score. This places Q.Beyond AG 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 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 Q.Beyond AG and its competitors. Q.Beyond AG's current Beneish M-Score is -2.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Q.Beyond AG stock overvalued right now?
Q.Beyond AG (CHIX:QBY0D) has a current Beneish M-Score of -2.52. The stock's GF Value™ is €9.62, compared to a current price of €9.31 — trading 3.2% below its estimated fair value. The current Beneish M-Score is -2.52. Q.Beyond AG's overall GF Score™ is 69/100 with 3 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 Q.Beyond AG (CHIX:QBY0D), the current Beneish M-Score is -2.52 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 Q.Beyond AG (CHIX:QBY0D) Overvalued in 2026?
Based on GuruFocus' analysis, Q.Beyond AG stock appears to be undervalued.
The current stock price of €9.31 is trading 3.2% below its estimated GF Value™ of €9.62.
Key valuation signals for CHIX:QBY0D:
Beneish M-Score: -2.52
GF Value™: €9.62 vs. price of €9.31 (3.2% below fair value)
No single metric tells the full story. See the CHIX:QBY0D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Q.Beyond AG helps its customers find digital solutions for their business and then put them into practice. The company is into Cloud, SAP, and IoT. It focuses on a digital branch, tailored cloud, SAP S / 4HANA, and cybersecurity. The company's segments are into consulting and development services (the "Consulting" segment) and operating services (the "Managed Services" segment). The portfolio under Managed Services ranges from turnkey cloud modules to digital workplaces facilitating networked mobile work to individual IT outsourcing services. The Consulting segment comprises a variety of consulting and customised development services. The company generates the majority of its revenue from the Managed Services segment.
69GF Score
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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