DISO Verwaltungs AGHAM:MT3 38 Beneish M-Score is 0.00 as of Jul. 05, 2026. GuruFocus rates HAM:MT3 with a GF Score™ of 38/100. The stock has 1 warning sign investors should review. Among 2,405 Hardware companies, DISO Verwaltungs AG ranks worse than 41580% 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.
The historical rank and industry rank for DISO Verwaltungs AG's Beneish M-Score or its related term are showing as below:
During the past 13 years, the highest Beneish M-Score of DISO Verwaltungs AG was -1.80. The lowest was -4.61. And the median was -3.21.
DISO Verwaltungs AG Beneish M-Score Related Terms
DISO Verwaltungs AG Beneish M-Score Historical Data
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The historical data trend for DISO Verwaltungs 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.
HAM:MT3 vs SNDK, DELL, STX: Beneish M-Score Comparison
For the Computer Hardware subindustry, DISO Verwaltungs 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.
DISO Verwaltungs AG Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, DISO Verwaltungs AG's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where DISO Verwaltungs AG'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 DISO Verwaltungs AG 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 *
+
0.528 *
+
0.404 *
+
0.892 *
+
0.115 *
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 *
+
4.679 *
-
0.327 *
=
* 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))
=
(1.07 / (1.07 + 0.48))
/
(0.002 / (0.002 + 0.002))
=
0.690323
/
0.5
=
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
=
(1.544 - 0
-
0)
/
2.426
=
0.636439
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.
DISO Verwaltungs AG (HAM:MT3) has a Beneish M-Score of 0.00 as of Jul. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on DISO Verwaltungs AG and its competitors. According to the industry distribution chart, DISO Verwaltungs AG ranks #999999 out of 2405 companies in the Hardware industry.
Is DISO Verwaltungs AG's Beneish M-Score too high?
DISO Verwaltungs AG's current Beneish M-Score is 0.00. Based on the distribution chart, DISO Verwaltungs AG ranks #999999 out of 2405 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, DISO Verwaltungs AG has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does DISO Verwaltungs AG's Beneish M-Score compare to SNDK and DELL?
According to the Hardware industry distribution chart, DISO Verwaltungs AG ranks #999999 out of 2405 companies for Beneish M-Score. This places DISO Verwaltungs AG 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 DISO Verwaltungs AG and its competitors. DISO Verwaltungs 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 DISO Verwaltungs AG stock overvalued right now?
DISO Verwaltungs AG (HAM:MT3) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. DISO Verwaltungs AG's overall GF Score™ is 38/100 with 1 warning sign 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 DISO Verwaltungs AG (HAM:MT3), the current Beneish M-Score is 0.00 as of Jul. 05, 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.
DISO Verwaltungs AG provides, markets, sells, and supports Matica brand secure credential solutions. It provides ID card and high-security identification solutions through the brand name EDIsecure and IDExpert. It also provides systems for desktop laser engraving, e-passport printing, and high-volume financial card central issuance.
38GF Score
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