Dynamic Map Platform Co (FRA:AD9) Beneish M-Score: -2.97 (As of Sep. 01, 2026)

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FRA:AD9 Dynamic Map Platform Co Ltd FRA:AD9
6 GF Score
Price €6.89
! 6 Warning Signs
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What is Dynamic Map Platform Co Beneish M-Score?

Dynamic Map Platform Co FRA:AD9 +30.98% 6 Beneish M-Score is -2.97 as of Sep. 01, 2026. GuruFocus rates FRA:AD9 with a GF Score™ of 6/100. The stock has 6 warning signs investors should review. Among 527 Interactive Media companies, Dynamic Map Platform Co ranks better than 67.55% 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 -2.97 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Dynamic Map Platform Co's Beneish M-Score or its related term are showing as below:

FRA:AD9' s Beneish M-Score Range Over the Past 10 Years
Min: -2.97   Med: -1.95   Max: -0.92
Current: -2.97

During the past 4 years, the highest Beneish M-Score of Dynamic Map Platform Co was -0.92. The lowest was -2.97. And the median was -1.95.


Dynamic Map Platform Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Dynamic Map Platform Co'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.

Dynamic Map Platform Co Beneish M-Score Chart

Dynamic Map Platform Co Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -0.92 -2.97

Dynamic Map Platform Co Quarterly Data
Mar23 Mar24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 -2.97 0.00

FRA:AD9 vs GOOGL, META, SPOT: Beneish M-Score Comparison

For the Internet Content & Information subindustry, Dynamic Map Platform Co'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.


Dynamic Map Platform Co Beneish M-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Dynamic Map Platform Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Dynamic Map Platform Co's Beneish M-Score falls into.


FRA:AD9
6GF Score
Dynamic Map Platform Co Ltd FRA:AD9
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Dynamic Map Platform Co 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 Dynamic Map Platform Co 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 * 0.9181+0.528 * 1.2413+0.404 * 1.9629+0.892 * 0.7617+0.115 * 0.7123
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.3889+4.679 * -0.151254-0.327 * 0.7348
=-2.97

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was €2,809 Mil.
Revenue was €5,686 Mil.
Gross Profit was €810 Mil.
Total Current Assets was €6,611 Mil.
Total Assets was €10,889 Mil.
Property, Plant and Equipment(Net PPE) was €731 Mil.
Depreciation, Depletion and Amortization(DDA) was €990 Mil.
Selling, General, & Admin. Expense(SGA) was €2,687 Mil.
Total Current Liabilities was €2,614 Mil.
Long-Term Debt & Capital Lease Obligation was €806 Mil.
Net Income was €-1,708 Mil.
Gross Profit was €0 Mil.
Cash Flow from Operations was €-61 Mil.
Total Receivables was €4,017 Mil.
Revenue was €7,465 Mil.
Gross Profit was €1,320 Mil.
Total Current Assets was €12,562 Mil.
Total Assets was €15,975 Mil.
Property, Plant and Equipment(Net PPE) was €762 Mil.
Depreciation, Depletion and Amortization(DDA) was €529 Mil.
Selling, General, & Admin. Expense(SGA) was €2,540 Mil.
Total Current Liabilities was €6,024 Mil.
Long-Term Debt & Capital Lease Obligation was €804 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)
=(2809 / 5686) / (4017 / 7465)
=0.49402 / 0.538111
=0.9181

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)
=(1320 / 7465) / (810 / 5686)
=0.176825 / 0.142455
=1.2413

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 - (6611 + 731) / 10889) / (1 - (12562 + 762) / 15975)
=0.325742 / 0.165947
=1.9629

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
=5686 / 7465
=0.7617

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))
=(529 / (529 + 762)) / (990 / (990 + 731))
=0.40976 / 0.575247
=0.7123

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)
=(2687 / 5686) / (2540 / 7465)
=0.472564 / 0.340255
=1.3889

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)
=((806 + 2614) / 10889) / ((804 + 6024) / 15975)
=0.314078 / 0.427418
=0.7348

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
=(-1708 - 0 - -61) / 10889
=-0.151254

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.

Dynamic Map Platform Co has a M-score of -2.97 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 -2.97 mean?
Dynamic Map Platform Co (FRA:AD9) has a Beneish M-Score of -2.97 as of Sep. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Dynamic Map Platform Co and its competitors. According to the industry distribution chart, Dynamic Map Platform Co ranks #171 out of 527 companies in the Interactive Media industry, placing it in the top 32.4%.
Is Dynamic Map Platform Co's Beneish M-Score too high?
Dynamic Map Platform Co's current Beneish M-Score is -2.97. Based on the distribution chart, Dynamic Map Platform Co ranks #171 out of 527 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Dynamic Map Platform Co has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Dynamic Map Platform Co's Beneish M-Score compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Dynamic Map Platform Co ranks #171 out of 527 companies for Beneish M-Score. This puts Dynamic Map Platform Co 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 Interactive Media company?
A good Beneish M-Score depends on the Interactive Media 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 Dynamic Map Platform Co and its competitors. Dynamic Map Platform Co's current Beneish M-Score is -2.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dynamic Map Platform Co stock overvalued right now?
Dynamic Map Platform Co (FRA:AD9) has a current Beneish M-Score of -2.97. The current Beneish M-Score is -2.97. Dynamic Map Platform Co's overall GF Score™ is 6/100 with 6 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 Dynamic Map Platform Co (FRA:AD9), the current Beneish M-Score is -2.97 as of Sep. 01, 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.

Dynamic Map Platform Co Business Description

Other Exchanges 336A:Japan
Address 2-12-4 Shibuya, NEXTSITE Shibuya Building, 12th floor, Shibuya-ku, Tokyo, JPN, 150-0002
Dynamic Map Platform Co Ltd is engaged in the Production and sales of high-precision 3D map data (HD maps) for Autonomous Driving / Advanced Driver-Assistance Systems (AD/ADAS), and supply high-precision location information and related solutions for multiple purposes (other than autonomous driving) utilizing HD map-related technology.
6GF Score

Get the complete analysis for FRA:AD9

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

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