IMTE (Integrated Media Technology) Beneish M-Score: -2.65 (As of Jun. 24, 2026)

What is Integrated Media Technology Beneish M-Score?

Integrated Media Technology IMTE +0.08% 33 Beneish M-Score is -2.65 as of Jun. 24, 2026. GuruFocus rates IMTE with a GF Score™ of 33/100 and a GF Value™ of $0.79 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 2,403 Hardware companies, Integrated Media Technology ranks better than 64.92% 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 -2.65 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Integrated Media Technology's Beneish M-Score or its related term are showing as below:

IMTE' s Beneish M-Score Range Over the Past 10 Years
Min: -4.75 Med: -2.49 Max: 2238.91
Current: -2.65

During the past 13 years, the highest Beneish M-Score of Integrated Media Technology was 2238.91. The lowest was -4.75. And the median was -2.49.

Integrated Media Technology Beneish M-Score Related Terms

Integrated Media Technology Beneish M-Score Historical Data

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The historical data trend for Integrated Media Technology'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.

Integrated Media Technology Beneish M-Score Chart

Integrated Media Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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2,238.91

14.07

-4.75

96.25

-2.65

Integrated Media Technology Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Beneish M-Score	Get a 7-Day Free Trial															-4.75	0.00	96.25	0.00	-2.65

IMTE vs WLAN, DPLS, UCLE: Beneish M-Score Comparison

For the Electronic Components subindustry, Integrated Media Technology'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.

Integrated Media Technology Beneish M-Score vs Hardware Industry

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

* The bar in red indicates where Integrated Media Technology's Beneish M-Score falls into.

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33GF Score

Integrated Media Technology Ltd IMTE

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Integrated Media Technology 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 Integrated Media Technology 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 * 0.8855

0.528 * 0.9231

0.404 * 0.9511

0.892 * 1.2

0.115 * 1

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.8591

4.679 * -0.096704

0.327 * 0.2389

-2.65

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was $1.43 Mil.
Revenue was $0.07 Mil.
Gross Profit was $0.04 Mil.
Total Current Assets was $1.43 Mil.
Total Assets was $15.69 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.83 Mil.
Total Current Liabilities was $1.99 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was $-0.27 Mil.
Gross Profit was $1.26 Mil.
Cash Flow from Operations was $-0.01 Mil.

Total Receivables was $1.34 Mil.
Revenue was $0.06 Mil.
Gross Profit was $0.03 Mil.
Total Current Assets was $1.35 Mil.
Total Assets was $30.61 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.44 Mil.
Selling, General, & Admin. Expense(SGA) was $0.81 Mil.
Total Current Liabilities was $16.15 Mil.
Long-Term Debt & Capital Lease Obligation was $0.09 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)
	=	(1.426 / 0.072)	/	(1.342 / 0.06)
	=	19.805556	/	22.366667
	=	0.8855

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)
	=	(0.03 / 0.06)	/	(0.039 / 0.072)
	=	0.5	/	0.541667
	=	0.9231

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 - (1.426 + 0) / 15.687)	/	(1 - (1.352 + 0) / 30.613)
	=	0.909097	/	0.955836
	=	0.9511

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
	=	0.072	/	0.06
	=	1.2

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))
	=	(1.442 / (1.442 + 0))	/	(0 / (0 + 0))
	=	1	/
	=	1

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)
	=	(0.834 / 0.072)	/	(0.809 / 0.06)
	=	11.583333	/	13.483333
	=	0.8591

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)
	=	((0 + 1.987) / 15.687)	/	((0.087 + 16.145) / 30.613)
	=	0.126665	/	0.530232
	=	0.2389

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
	=	(-0.268 - 1.259	-	-0.01)	/	15.687
	=	-0.096704

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.

Integrated Media Technology has a M-score of -2.65 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of -2.65 mean?

Integrated Media Technology (IMTE) has a Beneish M-Score of -2.65 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Integrated Media Technology and its competitors. According to the industry distribution chart, Integrated Media Technology ranks #843 out of 2403 companies in the Hardware industry, placing it in the top 35.1%.

Is Integrated Media Technology's Beneish M-Score too high?

Integrated Media Technology's current Beneish M-Score is -2.65. Based on the distribution chart, Integrated Media Technology ranks #843 out of 2403 companies in the Hardware industry, which is above the industry midpoint. Overall, Integrated Media Technology has a GF Score™ of 33/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Integrated Media Technology's Beneish M-Score compare to WLAN and DPLS?

According to the Hardware industry distribution chart, Integrated Media Technology ranks #843 out of 2403 companies for Beneish M-Score. This puts Integrated Media Technology in the upper 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 Integrated Media Technology and its competitors. Integrated Media Technology's current Beneish M-Score is -2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Integrated Media Technology stock overvalued right now?

Based on GuruFocus' analysis, Integrated Media Technology (IMTE) is currently considered Possible Value Trap. The stock's GF Value™ is $0.79, compared to a current price of $0.51 — trading 36% below its estimated fair value. The current Beneish M-Score is -2.65. Integrated Media Technology's overall GF Score™ is 33/100 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 Integrated Media Technology (IMTE), the current Beneish M-Score is -2.65 as of Jun. 24, 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 Integrated Media Technology (IMTE) Overvalued in 2026?

Based on GuruFocus' analysis, Integrated Media Technology stock appears to be undervalued. The current stock price of $0.51 is trading 36% below its estimated GF Value™ of $0.79. GuruFocus considers Integrated Media Technology to be Possible Value Trap.

Key valuation signals for IMTE:

Beneish M-Score: -2.65
GF Value™: $0.79 vs. price of $0.51 (36% below fair value)
GF Score™: 33/100 with 6 warning signs

No single metric tells the full story. See the IMTE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Integrated Media Technology Business Description

Industry Technology Hardware

Comparable Companies WLAN DPLS UCLE FCUV WTO GMEX MFCO ASNS ZSPC GWSO TPE:2308 APH GLW TPE:2317 TSE:6981 XKRX:009150 SZSE:002475 TEL TPE:2383 SZSE:002384

Address 89 Pirie Street, Suite 3 Level 3, Adelaide, SA, AUS, 5000

Website https://www.imtechltd.com

Integrated Media Technology Ltd is mainly engaged in the business of manufacture and sale of nano-coated plates for filters, the manufacture and sale of electronic glass, Halal certification and distribution of Halal products, and new energy products and services. It operates through the following segments: the sale of electronic glass, sales of air-filter products, sales of Halal products, NFT, corporate, provision of consultancy and provision of new energy products and solutions.

33GF Score

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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.51

Price

$0.79

GF Value

View IMTE Analysis

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