Saf TehnikaFRA:VTZ 63 Beneish M-Score is -0.56 as of Jun. 26, 2026. GuruFocus rates FRA:VTZ with a GF Score™ of 63/100 and a GF Value™ of €8.79 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 2,404 Hardware companies, Saf Tehnika ranks worse than 94.63% 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 -0.56 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Saf Tehnika's Beneish M-Score or its related term are showing as below:
FRA:VTZ'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.9 Med: -2.28 Max: -0.4
Current: -0.56
During the past 13 years, the highest Beneish M-Score of Saf Tehnika was -0.40. The lowest was -3.90. And the median was -2.28.
Saf Tehnika Beneish M-Score Related Terms
Saf Tehnika Beneish M-Score Historical Data
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The historical data trend for Saf Tehnika'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.
FRA:VTZ vs CSCO, CIEN, MSI: Beneish M-Score Comparison
For the Communication Equipment subindustry, Saf Tehnika'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.
Saf Tehnika Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Saf Tehnika's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Saf Tehnika's Beneish M-Score falls into.
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 Saf Tehnika 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 * 2.3677
+
0.528 * 1.0199
+
0.404 * 0.8249
+
0.892 * 1.5724
+
0.115 * 0.9273
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.668
+
4.679 * 0.045351
-
0.327 * 1.1667
=
-0.56
* 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.
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.
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))
=
(1.622 / (1.622 + 3.992))
/
(1.689 / (1.689 + 3.732))
=
0.288921
/
0.311566
=
0.9273
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
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
=
(4.993 - 0
-
3.414)
/
34.817
=
0.045351
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.
Saf Tehnika has a M-score of -0.56 signals that the company is likely to be a manipulator.
Saf Tehnika (FRA:VTZ) has a Beneish M-Score of -0.56 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Saf Tehnika and its competitors. According to the industry distribution chart, Saf Tehnika ranks #2275 out of 2404 companies in the Hardware industry, placing it in the top 94.6%.
Is Saf Tehnika's Beneish M-Score too high?
Saf Tehnika's current Beneish M-Score is -0.56. Based on the distribution chart, Saf Tehnika ranks #2275 out of 2404 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Saf Tehnika has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saf Tehnika's Beneish M-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Saf Tehnika ranks #2275 out of 2404 companies for Beneish M-Score. This places Saf Tehnika 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 Saf Tehnika and its competitors. Saf Tehnika's current Beneish M-Score is -0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saf Tehnika stock overvalued right now?
Based on GuruFocus' analysis, Saf Tehnika (FRA:VTZ) is currently considered Modestly Overvalued. The stock's GF Value™ is €8.79, compared to a current price of €10.60 — trading 20.6% above its estimated fair value. The current Beneish M-Score is -0.56. Saf Tehnika's overall GF Score™ is 63/100 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 Saf Tehnika (FRA:VTZ), the current Beneish M-Score is -0.56 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 Saf Tehnika (FRA:VTZ) Overvalued in 2026?
Based on GuruFocus' analysis, Saf Tehnika stock appears to be overvalued.
The current stock price of €10.60 is trading 20.6% above its estimated GF Value™ of €8.79.
GuruFocus considers Saf Tehnika to be Modestly Overvalued.
Key valuation signals for FRA:VTZ:
Beneish M-Score: -0.56
GF Value™: €8.79 vs. price of €10.60 (20.6% above fair value)
No single metric tells the full story. See the FRA:VTZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saf Tehnika and its subsidiaries are engaged in the design, production, and distribution of microwave radio data transmission equipment thus offering an alternative to cable channels. The company offers products to mobile network operators, data service providers such as Internet service providers and telecommunications companies, as well as state institutions and private companies. The company also sells antennas, cables, OEM products, and other accessories purchased from other suppliers, as another structural unit. The company's segments are; CFIP, Integra, Spectrum, Compact, Aranet; and Other. It sells its product in Latvia, North and South America, Europe, CIS, Asia, Africa, and the Middle East, of which key sales revenue is generated from North and South America.
63GF Score
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