iQ International AG (FRA:IQL) Beneish M-Score: 0.00 (As of Jun. 26, 2026)

What is iQ International AG Beneish M-Score?

iQ International AG FRA:IQL 10 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates FRA:IQL with a GF Score™ of 10/100.

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.

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

During the past 13 years, the highest Beneish M-Score of iQ International AG was 0.00. The lowest was 0.00. And the median was 0.00.

iQ International AG Beneish M-Score Related Terms

iQ International AG Beneish M-Score Historical Data

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The historical data trend for iQ International 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.

iQ International AG Beneish M-Score Chart

iQ International AG Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Beneish M-Score

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51.68

-4.26

-5.45

-4.21

1,142.34

iQ International AG Semi-Annual Data
	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Dec18	Jun19	Jun20
Beneish M-Score	Get a 7-Day Free Trial															0.00	-4.21	1,142.34	0.00	0.00

iQ International AG Beneish M-Score Competitor Comparison

For the Auto Parts subindustry, iQ International 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.

iQ International AG Beneish M-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, iQ International AG's Beneish M-Score distribution charts can be found below:

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

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iQ International AG FRA:IQL

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iQ International 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 iQ International 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 * 0.2039

0.528 * 152.207

0.404 * 12.0546

0.892 * 1293.75

0.115 * 0.1361

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.0023

4.679 * -0.457182

0.327 * 0.1058

1,232.45

This Year (Dec18) TTM:

Last Year (Dec17) TTM:

Total Receivables was €3.96 Mil.
Revenue was €5.18 Mil.
Gross Profit was €0.02 Mil.
Total Current Assets was €9.72 Mil.
Total Assets was €39.10 Mil.
Property, Plant and Equipment(Net PPE) was €6.72 Mil.
Depreciation, Depletion and Amortization(DDA) was €14.89 Mil.
Selling, General, & Admin. Expense(SGA) was €2.78 Mil.
Total Current Liabilities was €26.46 Mil.
Long-Term Debt & Capital Lease Obligation was €0.63 Mil.
Net Income was €-24.30 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €-6.43 Mil.

Total Receivables was €0.02 Mil.
Revenue was €0.00 Mil.
Gross Profit was €0.00 Mil.
Total Current Assets was €0.41 Mil.
Total Assets was €0.52 Mil.
Property, Plant and Equipment(Net PPE) was €0.09 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.01 Mil.
Selling, General, & Admin. Expense(SGA) was €0.93 Mil.
Total Current Liabilities was €3.41 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 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)
	=	(3.957 / 5.175)	/	(0.015 / 0.004)
	=	0.764638	/	3.75
	=	0.2039

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)
	=	(0.002 / 0.004)	/	(0.017 / 5.175)
	=	0.5	/	0.003285
	=	152.207

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 - (9.719 + 6.719) / 39.096)	/	(1 - (0.408 + 0.087) / 0.52)
	=	0.579548	/	0.048077
	=	12.0546

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
	=	5.175	/	0.004
	=	1293.75

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))
	=	(0.009 / (0.009 + 0.087))	/	(14.889 / (14.889 + 6.719))
	=	0.09375	/	0.68905
	=	0.1361

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)
	=	(2.776 / 5.175)	/	(0.93 / 0.004)
	=	0.536425	/	232.5
	=	0.0023

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)
	=	((0.625 + 26.46) / 39.096)	/	((0 + 3.405) / 0.52)
	=	0.692782	/	6.548077
	=	0.1058

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
	=	(-24.303 - 0	-	-6.429)	/	39.096
	=	-0.457182

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.

iQ International AG has a M-score of 1,232.45 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 0.00 mean?

iQ International AG (FRA:IQL) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on iQ International AG and its competitors.

Is iQ International AG's Beneish M-Score too high?

iQ International AG's current Beneish M-Score is 0.00. Overall, iQ International AG has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.

How does iQ International AG's Beneish M-Score compare to competitors?

iQ International AG's Beneish M-Score of 0.00 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?

A good Beneish M-Score depends on the Vehicles & Parts 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 iQ International AG and its competitors. iQ International AG's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is iQ International AG stock overvalued right now?

iQ International AG (FRA:IQL) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. iQ International AG's overall GF Score™ is 10/100. 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 iQ International AG (FRA:IQL), the current Beneish M-Score is 0.00 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.

iQ International AG Business Description

Industry Consumer Cyclical Vehicles & Parts

Comparable Companies BOM:542684 XKRX:086250 COL:TYRE.N0000 XKRX:130740 XKLS:5198 XKRX:008830 BOM:538992 KAR:ATBA OSTO:CIMCO BOM:532988 ROCO:3642 NSE:SINTERCOM XKRX:090150 BOM:505160 WAR:HDR TSE:7268 BSP:PLAS3 MIC:NKSH XKLS:5886 XKLS:5220

Address Landis + Gyr Strasse 1, Zug, CHE, 6300

Website https://www.iqint.com

iQ International AG is a Switzerland-based technology company focusing on the manufacturing, distribution, and development of efficient lead acid batteries for the automotive SLI (Starting-Lighting-Ignition) and storage markets using patented, eco-friendly technologies that prevent acid stratification and corrosion. In addition, the company provides consulting services to licensees and manufacturers of vehicle batteries and advanced energy systems. The company has two reportable segments which are batteries and licensing. The batteries segment comprises the sale of production batteries and the trade of batteries for the automotive SLI. Royalties from patented, eco-friendly technologies that prevent acid stratification and corrosion are achieved from third-party licensees.

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