NeXR Technologies SE (FRA:NXR) Beneish M-Score: 0.00 (As of Jun. 26, 2026)

What is NeXR Technologies SE Beneish M-Score?

NeXR Technologies SE FRA:NXR Beneish M-Score is 0.00 as of Jun. 26, 2026.

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 NeXR Technologies SE's Beneish M-Score or its related term are showing as below:

During the past 11 years, the highest Beneish M-Score of NeXR Technologies SE was 0.00. The lowest was 0.00. And the median was 0.00.

NeXR Technologies SE Beneish M-Score Related Terms

NeXR Technologies SE Beneish M-Score Historical Data

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The historical data trend for NeXR Technologies SE'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.

NeXR Technologies SE Beneish M-Score Chart

NeXR Technologies SE Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Beneish M-Score

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-8.64

-15.55

-5.65

-2.42

48.08

NeXR Technologies SE Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Beneish M-Score	Get a 7-Day Free Trial															-5.65	0.00	-2.42	0.00	48.08

FRA:NXR vs HPK, MRO, APA: Beneish M-Score Comparison

For the Computer Hardware subindustry, NeXR Technologies SE'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.

NeXR Technologies SE Beneish M-Score vs Hardware Industry

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

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

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NeXR Technologies SE 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 NeXR Technologies SE 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 * 0.5558

0.528 * 96.4869

0.404 * 1.0825

0.892 * 2.1324

0.115 * 0.9529

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * -0.114494

0.327 * 0.8538

48.08

This Year (Dec22) TTM:

Last Year (Dec21) TTM:

Total Receivables was €0.03 Mil.
Revenue was €0.87 Mil.
Gross Profit was €-0.02 Mil.
Total Current Assets was €1.25 Mil.
Total Assets was €56.03 Mil.
Property, Plant and Equipment(Net PPE) was €0.38 Mil.
Depreciation, Depletion and Amortization(DDA) was €2.55 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €1.28 Mil.
Long-Term Debt & Capital Lease Obligation was €3.50 Mil.
Net Income was €-15.14 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €-8.73 Mil.

Total Receivables was €0.03 Mil.
Revenue was €0.41 Mil.
Gross Profit was €-0.91 Mil.
Total Current Assets was €4.25 Mil.
Total Assets was €46.29 Mil.
Property, Plant and Equipment(Net PPE) was €0.52 Mil.
Depreciation, Depletion and Amortization(DDA) was €2.51 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €1.12 Mil.
Long-Term Debt & Capital Lease Obligation was €3.50 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)
	=	(0.032 / 0.87)	/	(0.027 / 0.408)
	=	0.036782	/	0.066176
	=	0.5558

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)
	=	(-0.905 / 0.408)	/	(-0.02 / 0.87)
	=	-2.218137	/	-0.022989
	=	96.4869

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 - (1.248 + 0.38) / 56.029)	/	(1 - (4.254 + 0.515) / 46.293)
	=	0.970944	/	0.896982
	=	1.0825

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
	=	0.87	/	0.408
	=	2.1324

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))
	=	(2.505 / (2.505 + 0.515))	/	(2.553 / (2.553 + 0.38))
	=	0.82947	/	0.87044
	=	0.9529

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 / 0.87)	/	(0 / 0.408)
	=	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)
	=	((3.5 + 1.277) / 56.029)	/	((3.5 + 1.123) / 46.293)
	=	0.085259	/	0.099864
	=	0.8538

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
	=	(-15.144 - 0	-	-8.729)	/	56.029
	=	-0.114494

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.

NeXR Technologies SE has a M-score of 48.08 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?

NeXR Technologies SE (FRA:NXR) 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 NeXR Technologies SE and its competitors.

Is NeXR Technologies SE's Beneish M-Score too high?

NeXR Technologies SE's current Beneish M-Score is 0.00.

How does NeXR Technologies SE's Beneish M-Score compare to HPK and MRO?

NeXR Technologies SE's Beneish M-Score of 0.00 can be compared against companies in the Hardware 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 NeXR Technologies SE and its competitors. NeXR Technologies SE'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 NeXR Technologies SE stock overvalued right now?

NeXR Technologies SE (FRA:NXR) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. 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 NeXR Technologies SE (FRA:NXR), 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.

NeXR Technologies SE Business Description

Industry Technology Hardware

Comparable Companies HPK MRO APA FANG CRT GRNT PNRG KRP PR MXC ANET DELL SZSE:002415 HPQ TPE:2382 TSE:7751 SHSE:688041 HKSE:00992 NTAP STX

Address Charlottenstrasse 4, Berlin, DEU, 10969

Website https://www.nexr-technologies.com

NeXR Technologies SE is a technology company. The company is engaged in two business areas: 3D scanner systems and VR experience worlds. It develops and produces complex 3D photogrammetry scanner systems that can be used for both professional studio purposes and end-user applications. The company is also developing and producing digital VR worlds for prominent companies and stars from the sports, music, and entertainment industries as a provider of agency services.