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Integer HoldingsFRA:WGB 82 Beneish M-Score is -2.46 as of Aug. 13, 2026. GuruFocus rates FRA:WGB with a GF Score™ of 82/100 and a GF Value™ of €104.37 (Fairly Valued). The stock has 6 warning signs investors should review. Among 767 Medical Devices & Instruments companies, Integer Holdings ranks worse than 59.71% 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 -2.46 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Integer Holdings's Beneish M-Score or its related term are showing as below:
FRA:WGB'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.79 Med: -2.46 Max: -1.73
Current: -2.46
During the past 13 years, the highest Beneish M-Score of Integer Holdings was -1.73. The lowest was -2.79. And the median was -2.46.
The historical data trend for Integer Holdings'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:WGB vs HAE, IRTC, ESTA: Beneish M-Score Comparison
For the Medical Devices subindustry, Integer Holdings'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.
Integer Holdings Beneish M-Score vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Integer Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Integer Holdings'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 Integer Holdings 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 * 1.1666
+
0.528 * 1.0473
+
0.404 * 0.9611
+
0.892 * 0.9688
+
0.115 * 0.9649
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1071
+
4.679 * -0.01458
-
0.327 * 1.0138
=
-2.44
* 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))
=
(109.065 / (109.065 + 558.706))
/
(118.739 / (118.739 + 582.726))
=
0.163327
/
0.169273
=
0.9649
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
=
(110.084 - -23.011
-
176.422)
/
2971.682
=
-0.01458
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.
Integer Holdings has a M-score of -2.44 suggests that the company is unlikely to be a manipulator.
Integer Holdings (FRA:WGB) has a Beneish M-Score of -2.46 as of Aug. 13, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Integer Holdings and its competitors. According to the industry distribution chart, Integer Holdings ranks #458 out of 767 companies in the Medical Devices & Instruments industry, placing it in the top 59.7%.
Is Integer Holdings' Beneish M-Score too high?
Integer Holdings' current Beneish M-Score is -2.46. Based on the distribution chart, Integer Holdings ranks #458 out of 767 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Integer Holdings has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Integer Holdings' Beneish M-Score compare to HAE and IRTC?
According to the Medical Devices & Instruments industry distribution chart, Integer Holdings ranks #458 out of 767 companies for Beneish M-Score. This places Integer Holdings 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 Medical Devices & Instruments company?
A good Beneish M-Score depends on the Medical Devices & Instruments 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 Integer Holdings and its competitors. Integer Holdings's current Beneish M-Score is -2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Integer Holdings stock overvalued right now?
Based on GuruFocus' analysis, Integer Holdings (FRA:WGB) is currently considered Fairly Valued. The stock's GF Value™ is €104.37, compared to a current price of €107.00 — trading 2.5% above its estimated fair value. The current Beneish M-Score is -2.46. Integer Holdings' overall GF Score™ is 82/100 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 Integer Holdings (FRA:WGB), the current Beneish M-Score is -2.46 as of Aug. 13, 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 Integer Holdings (FRA:WGB) Overvalued in 2026?
Based on GuruFocus' analysis, Integer Holdings stock appears to be overvalued.
The current stock price of €107.00 is trading 2.5% above its estimated GF Value™ of €104.37.
GuruFocus considers Integer Holdings to be Fairly Valued.
Key valuation signals for FRA:WGB:
Beneish M-Score: -2.46
GF Value™: €104.37 vs. price of €107.00 (2.5% above fair value)
No single metric tells the full story. See the FRA:WGB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Integer Holdings Corp is a manufacturer of medical device components used by original equipment manufacturers in the medical industry. The firm organizes itself into one segment and derives its revenues from three product lines: Cardio & Vascular, Cardiac Rhythm Management & Neuromodulation and Other Markets. The company earns maximum of its revenue in the United States, and also has its presence in Ireland, Puerto Rico, Costa Rica, and Rest of the World.
82GF Score
Get the complete analysis for FRA:WGB
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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