COTGF (Concurrent Technologies) Beneish M-Score: -2.31 (As of Jun. 27, 2026)

What is Concurrent Technologies Beneish M-Score?

Concurrent Technologies COTGF -0.45% 72 Beneish M-Score is -2.31 as of Jun. 27, 2026. GuruFocus rates COTGF with a GF Score™ of 72/100 and a GF Value™ of $2.53 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,404 Hardware companies, Concurrent Technologies ranks worse than 62.65% 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 -2.31 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

COTGF' s Beneish M-Score Range Over the Past 10 Years
Min: -3.25 Med: -2.49 Max: -1.26
Current: -2.31

During the past 13 years, the highest Beneish M-Score of Concurrent Technologies was -1.26. The lowest was -3.25. And the median was -2.49.

Concurrent Technologies Beneish M-Score Related Terms

Concurrent Technologies Beneish M-Score Historical Data

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The historical data trend for Concurrent Technologies'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.

Concurrent Technologies Beneish M-Score Chart

Concurrent Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.47

-1.26

-2.40

-2.50

-2.31

Concurrent Technologies Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Beneish M-Score	Get a 7-Day Free Trial															-2.40	0.00	-2.50	0.00	-2.31

COTGF vs DELL, SNDK, ANET: Beneish M-Score Comparison

For the Computer Hardware subindustry, Concurrent Technologies'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.

Concurrent Technologies Beneish M-Score vs Hardware Industry

For the Hardware industry and Technology sector, Concurrent Technologies's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Concurrent Technologies's Beneish M-Score falls into.

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72GF Score

Concurrent Technologies PLC COTGF

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

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Concurrent Technologies 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 Concurrent Technologies 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 * 1.3142

0.528 * 0.929

0.404 * 0.9365

0.892 * 1.2045

0.115 * 1.2039

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0725

4.679 * -0.033361

0.327 * 1.1024

-2.25

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was $16.22 Mil.
Revenue was $61.41 Mil.
Gross Profit was $32.74 Mil.
Total Current Assets was $51.08 Mil.
Total Assets was $80.06 Mil.
Property, Plant and Equipment(Net PPE) was $6.25 Mil.
Depreciation, Depletion and Amortization(DDA) was $4.33 Mil.
Selling, General, & Admin. Expense(SGA) was $24.14 Mil.
Total Current Liabilities was $14.04 Mil.
Long-Term Debt & Capital Lease Obligation was $2.31 Mil.
Net Income was $6.77 Mil.
Gross Profit was $0.00 Mil.
Cash Flow from Operations was $9.44 Mil.

Total Receivables was $10.25 Mil.
Revenue was $50.98 Mil.
Gross Profit was $25.25 Mil.
Total Current Assets was $41.34 Mil.
Total Assets was $64.20 Mil.
Property, Plant and Equipment(Net PPE) was $3.40 Mil.
Depreciation, Depletion and Amortization(DDA) was $3.30 Mil.
Selling, General, & Admin. Expense(SGA) was $18.69 Mil.
Total Current Liabilities was $11.33 Mil.
Long-Term Debt & Capital Lease Obligation was $0.56 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)
	=	(16.218 / 61.406)	/	(10.245 / 50.979)
	=	0.264111	/	0.200965
	=	1.3142

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)
	=	(25.253 / 50.979)	/	(32.743 / 61.406)
	=	0.495361	/	0.533222
	=	0.929

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 - (51.082 + 6.253) / 80.063)	/	(1 - (41.341 + 3.397) / 64.197)
	=	0.283876	/	0.303114
	=	0.9365

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
	=	61.406	/	50.979
	=	1.2045

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))
	=	(3.3 / (3.3 + 3.397))	/	(4.333 / (4.333 + 6.253))
	=	0.492758	/	0.409314
	=	1.2039

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)
	=	(24.143 / 61.406)	/	(18.688 / 50.979)
	=	0.39317	/	0.366582
	=	1.0725

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)
	=	((2.311 + 14.036) / 80.063)	/	((0.564 + 11.326) / 64.197)
	=	0.204177	/	0.185211
	=	1.1024

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
	=	(6.772 - 0	-	9.443)	/	80.063
	=	-0.033361

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.

Concurrent Technologies has a M-score of -2.25 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 -2.31 mean?

Concurrent Technologies (COTGF) has a Beneish M-Score of -2.31 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Concurrent Technologies and its competitors. According to the industry distribution chart, Concurrent Technologies ranks #1506 out of 2404 companies in the Hardware industry, placing it in the top 62.6%.

Is Concurrent Technologies' Beneish M-Score too high?

Concurrent Technologies' current Beneish M-Score is -2.31. Based on the distribution chart, Concurrent Technologies ranks #1506 out of 2404 companies in the Hardware industry, which is below the industry midpoint. Overall, Concurrent Technologies has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Concurrent Technologies' Beneish M-Score compare to DELL and SNDK?

According to the Hardware industry distribution chart, Concurrent Technologies ranks #1506 out of 2404 companies for Beneish M-Score. This places Concurrent Technologies 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 Hardware company?

A good Beneish M-Score depends on the Hardware 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 Concurrent Technologies and its competitors. Concurrent Technologies's current Beneish M-Score is -2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Concurrent Technologies stock overvalued right now?

Based on GuruFocus' analysis, Concurrent Technologies (COTGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.53, compared to a current price of $3.47 — trading 37.2% above its estimated fair value. The current Beneish M-Score is -2.31. Concurrent Technologies' overall GF Score™ is 72/100 with 8 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 Concurrent Technologies (COTGF), the current Beneish M-Score is -2.31 as of Jun. 27, 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 Concurrent Technologies (COTGF) Overvalued in 2026?

Based on GuruFocus' analysis, Concurrent Technologies stock appears to be overvalued. The current stock price of $3.47 is trading 37.2% above its estimated GF Value™ of $2.53. GuruFocus considers Concurrent Technologies to be Significantly Overvalued.

Key valuation signals for COTGF:

Beneish M-Score: -2.31
GF Value™: $2.53 vs. price of $3.47 (37.2% above fair value)
GF Score™: 72/100 with 8 warning signs

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

Concurrent Technologies Business Description

Industry Technology Hardware

Comparable Companies LSE:XAR LSE:TST DELL SNDK ANET STX WDC SHSE:688041 SHSE:688795 TPE:2382 SZSE:002415 HKSE:00992 SZSE:301308 TPE:6669 SMCI IONQ P HPQ TSE:7751 SHSE:603019

Other Exchanges CNC:UK FJV:Germany

Address 4 Gilberd Court, Newcomen Way, Colchester, Essex, GBR, CO4 9WN

Website https://www.gocct.com

Concurrent Technologies PLC is engaged in designing, manufacturing, and supplying high-end embedded computer products aimed at a wide base of customers within the defense, telecommunications, aerospace, transport, scientific, and industrial markets. Its core product range is central processing unit (CPU) boards, designed using Intel processors including the high-performance 11th-generation embedded Intel Core and Intel Xeon processors designed to be compliant with the CompactPCI, OpenVPX, VME, AMC, and XMC open architecture standards. The company's products also support many operating systems including Microsoft Windows, Linux, Solaris, QNX, and VxWorks. Geographically, it operates in USA, which derives maximum revenue; United Kingdom; Rest of Europe; Rest of World; and Italy.

72GF Score

Get the complete analysis for COTGF

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

$3.47

Price

$2.53

GF Value

View COTGF Analysis

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