Relief Therapeutics Holding (CHIX:RLFZ) Beneish M-Score: -2.80 (As of Jun. 26, 2026)

What is Relief Therapeutics Holding Beneish M-Score?

Relief Therapeutics Holding CHIX:RLFZ -2.76% 28 Beneish M-Score is -2.80 as of Jun. 26, 2026. GuruFocus rates CHIX:RLFZ with a GF Score™ of 28/100 and a GF Value™ of CHF5.89. The stock has 5 warning signs investors should review.

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 -2.8 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Relief Therapeutics Holding's Beneish M-Score or its related term are showing as below:

CHIX:RLFz' s Beneish M-Score Range Over the Past 10 Years
Min: -6.18 Med: -2.8 Max: -1.79
Current: -2.8

During the past 13 years, the highest Beneish M-Score of Relief Therapeutics Holding was -1.79. The lowest was -6.18. And the median was -2.80.

Relief Therapeutics Holding Beneish M-Score Related Terms

Relief Therapeutics Holding Beneish M-Score Historical Data

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The historical data trend for Relief Therapeutics Holding'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.

Relief Therapeutics Holding Beneish M-Score Chart

Relief Therapeutics Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Beneish M-Score

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0.00

-6.18

-1.79

-2.80

Relief Therapeutics Holding Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25
Beneish M-Score	Get a 7-Day Free Trial															0.00	-1.79	0.00	-2.80	0.00

CHIX:RLFZ vs KTTA, OSRH, LIMN: Beneish M-Score Comparison

For the Biotechnology subindustry, Relief Therapeutics Holding'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.

Relief Therapeutics Holding Beneish M-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Relief Therapeutics Holding's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Relief Therapeutics Holding's Beneish M-Score falls into.

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28GF Score

Relief Therapeutics Holding SA CHIX:RLFZ

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Relief Therapeutics Holding 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 Relief Therapeutics Holding 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 * 0.511

0.528 * 1.0262

0.404 * 0.8109

0.892 * 1.3952

0.115 * 1.0218

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.3626

4.679 * -0.053209

0.327 * 1.0592

-2.80

This Year (Dec24) TTM:

Last Year (Dec23) TTM:

Total Receivables was CHF2.03 Mil.
Revenue was CHF8.42 Mil.
Gross Profit was CHF5.84 Mil.
Total Current Assets was CHF19.69 Mil.
Total Assets was CHF53.22 Mil.
Property, Plant and Equipment(Net PPE) was CHF2.40 Mil.
Depreciation, Depletion and Amortization(DDA) was CHF2.56 Mil.
Selling, General, & Admin. Expense(SGA) was CHF9.83 Mil.
Total Current Liabilities was CHF4.98 Mil.
Long-Term Debt & Capital Lease Obligation was CHF1.66 Mil.
Net Income was CHF-17.12 Mil.
Gross Profit was CHF-11.37 Mil.
Cash Flow from Operations was CHF-2.92 Mil.

Total Receivables was CHF2.85 Mil.
Revenue was CHF6.03 Mil.
Gross Profit was CHF4.30 Mil.
Total Current Assets was CHF18.30 Mil.
Total Assets was CHF76.39 Mil.
Property, Plant and Equipment(Net PPE) was CHF2.97 Mil.
Depreciation, Depletion and Amortization(DDA) was CHF3.32 Mil.
Selling, General, & Admin. Expense(SGA) was CHF19.43 Mil.
Total Current Liabilities was CHF6.92 Mil.
Long-Term Debt & Capital Lease Obligation was CHF2.09 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)
	=	(2.029 / 8.417)	/	(2.846 / 6.033)
	=	0.24106	/	0.471739
	=	0.511

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)
	=	(4.297 / 6.033)	/	(5.842 / 8.417)
	=	0.712249	/	0.694072
	=	1.0262

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 - (19.688 + 2.396) / 53.224)	/	(1 - (18.304 + 2.967) / 76.39)
	=	0.585074	/	0.721547
	=	0.8109

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
	=	8.417	/	6.033
	=	1.3952

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))
	=	(3.318 / (3.318 + 2.967))	/	(2.561 / (2.561 + 2.396))
	=	0.527924	/	0.516643
	=	1.0218

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)
	=	(9.83 / 8.417)	/	(19.429 / 6.033)
	=	1.167875	/	3.220454
	=	0.3626

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)
	=	((1.663 + 4.982) / 53.224)	/	((2.086 + 6.918) / 76.39)
	=	0.12485	/	0.117869
	=	1.0592

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
	=	(-17.119 - -11.371	-	-2.916)	/	53.224
	=	-0.053209

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.

Relief Therapeutics Holding has a M-score of -2.80 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 -2.80 mean?

Relief Therapeutics Holding (CHIX:RLFZ) has a Beneish M-Score of -2.80 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Relief Therapeutics Holding and its competitors.

Is Relief Therapeutics Holding's Beneish M-Score too high?

Relief Therapeutics Holding's current Beneish M-Score is -2.80. Overall, Relief Therapeutics Holding has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.

How does Relief Therapeutics Holding's Beneish M-Score compare to KTTA and OSRH?

Relief Therapeutics Holding's Beneish M-Score of -2.80 can be compared against companies in the Biotechnology 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 Biotechnology company?

A good Beneish M-Score depends on the Biotechnology 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 Relief Therapeutics Holding and its competitors. Relief Therapeutics Holding's current Beneish M-Score is -2.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Relief Therapeutics Holding stock overvalued right now?

Relief Therapeutics Holding (CHIX:RLFZ) has a current Beneish M-Score of -2.80. The stock's GF Value™ is CHF5.89, compared to a current price of CHF2.82 — trading 52.2% below its estimated fair value. The current Beneish M-Score is -2.80. Relief Therapeutics Holding's overall GF Score™ is 28/100 with 5 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 Relief Therapeutics Holding (CHIX:RLFZ), the current Beneish M-Score is -2.80 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 Relief Therapeutics Holding (CHIX:RLFZ) Overvalued in 2026?

Based on GuruFocus' analysis, Relief Therapeutics Holding stock appears to be undervalued. The current stock price of CHF2.82 is trading 52.2% below its estimated GF Value™ of CHF5.89.

Key valuation signals for CHIX:RLFZ:

Beneish M-Score: -2.80
GF Value™: CHF5.89 vs. price of CHF2.82 (52.2% below fair value)
GF Score™: 28/100 with 5 warning signs

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

Relief Therapeutics Holding Business Description

Industry Healthcare Biotechnology

Comparable Companies KTTA OSRH LIMN LNAI LEXX PMN CASI ITRM TRAW VYNE VRTX REGN ASX:CSL XBRU:UCB XKRX:207940 XBRU:ARGX ALNY ONC INSM XKRX:068270

Address Avenue de Secheron 15, Geneva, CHE, 1202

Website https://www.relieftherapeutics.com

Relief Therapeutics Holding SA is engaged in the research, development, and commercialization of biopharmaceutical products. It mainly develops drugs of natural human origin. It has a focus on commercial products, and the development program pipeline is focused on three main areas: rare genetic, metabolic disorders, rare connective tissue disorders, and rare lung diseases. Its pipeline includes various drug candidates in their different stages of development, such as RLF-TD011 and RLF-100, among others. It also has commercial legacy products like Cambia, Setofilm, Voltadol, and Voltfast, among others. Geographically, the company generates a majority of its revenue from Europe (excluding Switzerland) and the rest from North America, Switzerland, and the rest of the world.

28GF Score

Get the complete analysis for CHIX:RLFZ

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

CHF2.82

Price

CHF5.89

GF Value

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