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Tele Columbus AGHAM:TC1 -4.00%33 Beneish M-Score is -7.42 as of Jul. 22, 2026. GuruFocus rates HAM:TC1 with a GF Score™ of 33/100 and a GF Value™ of €0.32 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 351 Telecommunication Services companies, Tele Columbus AG ranks better than 99.15% 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 -7.42 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Tele Columbus AG's Beneish M-Score or its related term are showing as below:
HAM:TC1'
s Beneish M-Score Range Over the Past 10 Years
Min: -7.42 Med: -3.24 Max: -2.56
Current: -7.42
During the past 13 years, the highest Beneish M-Score of Tele Columbus AG was -2.56. The lowest was -7.42. And the median was -3.24.
Tele Columbus AG Beneish M-Score Related Terms
Tele Columbus AG Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Tele Columbus 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:TC1 vs TMUS, VZ, T: Beneish M-Score Comparison
For the Telecom Services subindustry, Tele Columbus 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.
Tele Columbus AG Beneish M-Score vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Tele Columbus AG's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Tele Columbus 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 Tele Columbus 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 * 0.844
+
0.528 * 1.0921
+
0.404 * 0.3966
+
0.892 * 1.0104
+
0.115 * 0.3515
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.632
+
4.679 * -0.944324
-
0.327 * 1.559
=
-7.42
* 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))
=
(212.006 / (212.006 + 872.45))
/
(1011.355 / (1011.355 + 807.172))
=
0.195495
/
0.55614
=
0.3515
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
=
(-1038.583 - 0
-
144.749)
/
1253.099
=
-0.944324
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.
Tele Columbus AG has a M-score of -7.42 suggests that the company is unlikely to be a manipulator.
Tele Columbus AG (HAM:TC1) has a Beneish M-Score of -7.42 as of Jul. 22, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Tele Columbus AG and its competitors. According to the industry distribution chart, Tele Columbus AG ranks #3 out of 351 companies in the Telecommunication Services industry, placing it in the top 0.90000000000001%.
Is Tele Columbus AG's Beneish M-Score too high?
Tele Columbus AG's current Beneish M-Score is -7.42. Based on the distribution chart, Tele Columbus AG ranks #3 out of 351 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Tele Columbus AG has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tele Columbus AG's Beneish M-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Tele Columbus AG ranks #3 out of 351 companies for Beneish M-Score. This places Tele Columbus AG in the top 1% of its industry — outperforming the majority of peers. 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 Telecommunication Services company?
A good Beneish M-Score depends on the Telecommunication Services 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 Tele Columbus AG and its competitors. Tele Columbus AG's current Beneish M-Score is -7.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tele Columbus AG stock overvalued right now?
Based on GuruFocus' analysis, Tele Columbus AG (HAM:TC1) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.32, compared to a current price of €0.48 — trading 50% above its estimated fair value. The current Beneish M-Score is -7.42. Tele Columbus AG's overall GF Score™ is 33/100 with 7 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 Tele Columbus AG (HAM:TC1), the current Beneish M-Score is -7.42 as of Jul. 22, 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 Tele Columbus AG (HAM:TC1) Overvalued in 2026?
Based on GuruFocus' analysis, Tele Columbus AG stock appears to be overvalued.
The current stock price of €0.48 is trading 50% above its estimated GF Value™ of €0.32.
GuruFocus considers Tele Columbus AG to be Significantly Overvalued.
Key valuation signals for HAM:TC1:
Beneish M-Score: -7.42
GF Value™: €0.32 vs. price of €0.48 (50% above fair value)
No single metric tells the full story. See the HAM:TC1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tele Columbus AG is a triple-play telecommunications company. It derives revenue from TV, the Internet, cellphone, and voice services. The group operates through two main segments: TV and Internet, and telephony. The company's TV segment offers cable TV services to customers. The majority of revenue stems from this segment. Internet and telephony derive revenue from the provision of broadband Internet access as well as fixed-line and mobile telephony services to customers. The company is an owner of telecommunications infrastructure. The company generates the vast majority of its revenue in Germany.
33GF Score
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