Daldrup & Sohne AG (FRA:4DS) Beneish M-Score: -2.77 (As of Jun. 26, 2026)

What is Daldrup & Sohne AG Beneish M-Score?

Daldrup & Sohne AG FRA:4DS +4.11% 68 Beneish M-Score is -2.77 as of Jun. 26, 2026. GuruFocus rates FRA:4DS with a GF Score™ of 68/100 and a GF Value™ of €9.10 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 822 Oil & Gas companies, Daldrup & Sohne AG ranks better than 57.3% 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 -2.77 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Daldrup & Sohne AG's Beneish M-Score or its related term are showing as below:

FRA:4DS' s Beneish M-Score Range Over the Past 10 Years
Min: -4.38 Med: -2.47 Max: 3.82
Current: -2.77

During the past 13 years, the highest Beneish M-Score of Daldrup & Sohne AG was 3.82. The lowest was -4.38. And the median was -2.47.

Daldrup & Sohne AG Beneish M-Score Related Terms

Daldrup & Sohne AG Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Daldrup & Sohne 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.

Daldrup & Sohne AG Beneish M-Score Chart

Daldrup & Sohne AG Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

Get a 7-Day Free Trial

-0.13

-2.29

-2.64

-4.38

-2.77

Daldrup & Sohne AG 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															-2.64	0.00	-4.38	0.00	-2.77

FRA:4DS vs NE, RIG, VAL: Beneish M-Score Comparison

For the Oil & Gas Drilling subindustry, Daldrup & Sohne 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.

Daldrup & Sohne AG Beneish M-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Daldrup & Sohne AG's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Daldrup & Sohne AG's Beneish M-Score falls into.

Save Embed

68GF Score

Daldrup & Sohne AG FRA:4DS

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

View Full Analysis

Daldrup & Sohne 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 Daldrup & Sohne 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 * 1.6366

0.528 * 0.7603

0.404 * 0.5661

0.892 * 0.7547

0.115 * 2.6047

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.1721

4.679 * -0.062539

0.327 * 1.655

-2.77

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was €10.97 Mil.
Revenue was €41.18 Mil.
Gross Profit was €31.69 Mil.
Total Current Assets was €33.49 Mil.
Total Assets was €46.50 Mil.
Property, Plant and Equipment(Net PPE) was €12.33 Mil.
Depreciation, Depletion and Amortization(DDA) was €2.10 Mil.
Selling, General, & Admin. Expense(SGA) was €2.52 Mil.
Total Current Liabilities was €8.14 Mil.
Long-Term Debt & Capital Lease Obligation was €3.44 Mil.
Net Income was €7.75 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €10.66 Mil.

Total Receivables was €8.88 Mil.
Revenue was €54.56 Mil.
Gross Profit was €31.92 Mil.
Total Current Assets was €24.67 Mil.
Total Assets was €34.21 Mil.
Property, Plant and Equipment(Net PPE) was €8.65 Mil.
Depreciation, Depletion and Amortization(DDA) was €5.27 Mil.
Selling, General, & Admin. Expense(SGA) was €2.85 Mil.
Total Current Liabilities was €3.52 Mil.
Long-Term Debt & Capital Lease Obligation was €1.63 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)
	=	(10.967 / 41.179)	/	(8.879 / 54.563)
	=	0.266325	/	0.162729
	=	1.6366

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)
	=	(31.922 / 54.563)	/	(31.685 / 41.179)
	=	0.585048	/	0.769446
	=	0.7603

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 - (33.485 + 12.327) / 46.499)	/	(1 - (24.673 + 8.647) / 34.213)
	=	0.014775	/	0.026101
	=	0.5661

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
	=	41.179	/	54.563
	=	0.7547

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))
	=	(5.27 / (5.27 + 8.647))	/	(2.097 / (2.097 + 12.327))
	=	0.378674	/	0.145383
	=	2.6047

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)
	=	(2.521 / 41.179)	/	(2.85 / 54.563)
	=	0.061221	/	0.052233
	=	1.1721

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)
	=	((3.443 + 8.143) / 46.499)	/	((1.633 + 3.518) / 34.213)
	=	0.249167	/	0.150557
	=	1.655

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
	=	(7.748 - 0	-	10.656)	/	46.499
	=	-0.062539

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.

Daldrup & Sohne AG has a M-score of -2.77 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 -2.77 mean?

Daldrup & Sohne AG (FRA:4DS) has a Beneish M-Score of -2.77 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Daldrup & Sohne AG and its competitors. According to the industry distribution chart, Daldrup & Sohne AG ranks #351 out of 822 companies in the Oil & Gas industry, placing it in the top 42.7%.

Is Daldrup & Sohne AG's Beneish M-Score too high?

Daldrup & Sohne AG's current Beneish M-Score is -2.77. Based on the distribution chart, Daldrup & Sohne AG ranks #351 out of 822 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Daldrup & Sohne AG has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Daldrup & Sohne AG's Beneish M-Score compare to NE and RIG?

According to the Oil & Gas industry distribution chart, Daldrup & Sohne AG ranks #351 out of 822 companies for Beneish M-Score. This puts Daldrup & Sohne AG in the upper 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 Oil & Gas company?

A good Beneish M-Score depends on the Oil & Gas 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 Daldrup & Sohne AG and its competitors. Daldrup & Sohne AG's current Beneish M-Score is -2.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Daldrup & Sohne AG stock overvalued right now?

Based on GuruFocus' analysis, Daldrup & Sohne AG (FRA:4DS) is currently considered Significantly Overvalued. The stock's GF Value™ is €9.10, compared to a current price of €22.80 — trading 150.5% above its estimated fair value. The current Beneish M-Score is -2.77. Daldrup & Sohne AG's overall GF Score™ is 68/100 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 Daldrup & Sohne AG (FRA:4DS), the current Beneish M-Score is -2.77 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 Daldrup & Sohne AG (FRA:4DS) Overvalued in 2026?

Based on GuruFocus' analysis, Daldrup & Sohne AG stock appears to be overvalued. The current stock price of €22.80 is trading 150.5% above its estimated GF Value™ of €9.10. GuruFocus considers Daldrup & Sohne AG to be Significantly Overvalued.

Key valuation signals for FRA:4DS:

Beneish M-Score: -2.77
GF Value™: €9.10 vs. price of €22.80 (150.5% above fair value)
GF Score™: 68/100 with 4 warning signs

No single metric tells the full story. See the FRA:4DS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Daldrup & Sohne AG Business Description

Industry Energy Oil & Gas

Comparable Companies XTER:DR0 ADX:ADNOCDRILL NE RIG VAL SAU:2382 SHSE:600871 PTEN HP SDRL OSL:ODL SOC SAU:2381 BORR NBR TSX:PD MUS:ABRJ OSL:PLSV STC:PVD XKLS:5243

Other Exchanges 4DS:Germany

Address Bajuwarenring 17a, Oberhaching, BY, DEU, 82041

Website https://www.daldrup.eu

Daldrup & Söhne AG is a provider of drilling and environmental services in Germany and Central Europe. Its geographical segments include Geothermal Energy, Raw Materials/Exploration, Water Procurement, and EDS(Environment, Development & Services). Geographically, It generates the majority of the revenue from the Domestic Market.

68GF Score

Get the complete analysis for FRA:4DS

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

€22.80

Price

€9.10

GF Value

View FRA:4DS Analysis

See Beneish M-Score data for all stocks →