artec technologies AG (FRA:A6T) Beneish M-Score: -0.54 (As of Jun. 28, 2026)

What is artec technologies AG Beneish M-Score?

artec technologies AG FRA:A6T +0.89% 81 Beneish M-Score is -0.54 as of Jun. 28, 2026. GuruFocus rates FRA:A6T with a GF Score™ of 81/100 and a GF Value™ of €2.35 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,408 Hardware companies, artec technologies AG ranks worse than 94.73% 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.

Warning Sign:

Beneish M-Score -0.54 higher than -1.78, which implies that the company might have manipulated its financial results.

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

FRA:A6T' s Beneish M-Score Range Over the Past 10 Years
Min: -5.48 Med: -3.16 Max: -0.54
Current: -0.54

During the past 13 years, the highest Beneish M-Score of artec technologies AG was -0.54. The lowest was -5.48. And the median was -3.16.

artec technologies AG Beneish M-Score Related Terms

artec technologies AG Beneish M-Score Historical Data

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The historical data trend for artec technologies 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.

artec technologies AG Beneish M-Score Chart

artec technologies AG Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-3.67

-4.68

-2.43

-4.74

-0.54

artec technologies 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															-2.43	0.00	-4.74	0.00	-0.54

FRA:A6T vs AAPL: Beneish M-Score Comparison

For the Consumer Electronics subindustry, artec technologies 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.

artec technologies AG Beneish M-Score vs Hardware Industry

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

* The bar in red indicates where artec technologies AG's Beneish M-Score falls into.

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81GF Score

artec technologies AG FRA:A6T

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

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artec technologies 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 artec technologies 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 * 3.3795

0.528 * 1.128

0.404 * 1.1377

0.892 * 1.028

0.115 * 0.9625

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * -0.116502

0.327 * 0.5472

-0.54

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was €0.40 Mil.
Revenue was €3.23 Mil.
Gross Profit was €2.60 Mil.
Total Current Assets was €1.00 Mil.
Total Assets was €3.55 Mil.
Property, Plant and Equipment(Net PPE) was €0.08 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.57 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €0.57 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Net Income was €-0.01 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €0.41 Mil.

Total Receivables was €0.12 Mil.
Revenue was €3.14 Mil.
Gross Profit was €2.86 Mil.
Total Current Assets was €1.55 Mil.
Total Assets was €4.23 Mil.
Property, Plant and Equipment(Net PPE) was €0.11 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.55 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €1.01 Mil.
Long-Term Debt & Capital Lease Obligation was €0.23 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)
	=	(0.403 / 3.231)	/	(0.116 / 3.143)
	=	0.124729	/	0.036907
	=	3.3795

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)
	=	(2.855 / 3.143)	/	(2.602 / 3.231)
	=	0.908368	/	0.805323
	=	1.128

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 - (1.003 + 0.083) / 3.545)	/	(1 - (1.546 + 0.105) / 4.23)
	=	0.693653	/	0.609693
	=	1.1377

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
	=	3.231	/	3.143
	=	1.028

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))
	=	(0.549 / (0.549 + 0.105))	/	(0.566 / (0.566 + 0.083))
	=	0.83945	/	0.872111
	=	0.9625

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)
	=	(0 / 3.231)	/	(0 / 3.143)
	=	0	/	0
	=	1

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)
	=	((0 + 0.565) / 3.545)	/	((0.226 + 1.006) / 4.23)
	=	0.159379	/	0.291253
	=	0.5472

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
	=	(-0.005 - 0	-	0.408)	/	3.545
	=	-0.116502

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.

artec technologies AG has a M-score of -0.54 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of -0.54 mean?

artec technologies AG (FRA:A6T) has a Beneish M-Score of -0.54 as of Jun. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on artec technologies AG and its competitors. According to the industry distribution chart, artec technologies AG ranks #2281 out of 2408 companies in the Hardware industry, placing it in the top 94.7%.

Is artec technologies AG's Beneish M-Score too high?

artec technologies AG's current Beneish M-Score is -0.54. Based on the distribution chart, artec technologies AG ranks #2281 out of 2408 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, artec technologies AG has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does artec technologies AG's Beneish M-Score compare to AAPL?

According to the Hardware industry distribution chart, artec technologies AG ranks #2281 out of 2408 companies for Beneish M-Score. This places artec technologies 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 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 artec technologies AG and its competitors. artec technologies AG's current Beneish M-Score is -0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is artec technologies AG stock overvalued right now?

Based on GuruFocus' analysis, artec technologies AG (FRA:A6T) is currently considered Fairly Valued. The stock's GF Value™ is €2.35, compared to a current price of €2.27 — trading 3.4% below its estimated fair value. The current Beneish M-Score is -0.54. artec technologies AG's overall GF Score™ is 81/100 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 artec technologies AG (FRA:A6T), the current Beneish M-Score is -0.54 as of Jun. 28, 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 artec technologies AG (FRA:A6T) Overvalued in 2026?

Based on GuruFocus' analysis, artec technologies AG stock appears to be undervalued. The current stock price of €2.27 is trading 3.4% below its estimated GF Value™ of €2.35. GuruFocus considers artec technologies AG to be Fairly Valued.

Key valuation signals for FRA:A6T:

Beneish M-Score: -0.54
GF Value™: €2.35 vs. price of €2.27 (3.4% below fair value)
GF Score™: 81/100 with 3 warning signs

No single metric tells the full story. See the FRA:A6T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

artec technologies AG Business Description

Industry Technology Hardware

Comparable Companies FRA:TCU AAPL XKRX:005930 TSE:6758 HKSE:01810 TSE:6752 XKRX:066570 SZSE:300857 SHSE:603296 HKSE:03296 XKRX:003550 SZSE:002241 NSE:LGEINDIA SHSE:688036 SZSE:300866 BOM:540699 XKRX:034220 SHSE:600060 HKSE:01070 SZSE:301606

Other Exchanges A6T:Germany

Address Muehlenstrasse 15-18, Diepholz, DEU, 49356

Website http://www.artec.de

artec technologies AG develops and produces products and system solutions for the transmission, recording, and playback of video, TV, and metadata through network and internet. The company offers products and solutions such as Multieye, it is used for simple and complex video surveillance and security systems, and Xentaurix is used for the transmission, recording, and playback of TV, video and radio broadcasts through networks and internet such as proof of broadcasting and broadcasting as online VCR.

81GF Score

Get the complete analysis for FRA:A6T

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

€2.27

Price

€2.35

GF Value

View FRA:A6T Analysis

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