Nasmed Ozelglik Hizmetleri Ticaret AS (IST:EGEPO) Beneish M-Score: -2.14 (As of Jul. 15, 2026)

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IST:EGEPO Nasmed Ozel Saglik Hizmetleri Ticaret AS IST:EGEPO
73 GF Score
Price ₺18.28
GF Value ₺8.41
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Nasmed Ozelglik Hizmetleri Ticaret AS Beneish M-Score?

Nasmed Ozelglik Hizmetleri Ticaret AS IST:EGEPO -2.45% 73 Beneish M-Score is -2.14 as of Jul. 15, 2026. GuruFocus rates IST:EGEPO with a GF Score™ of 73/100 and a GF Value™ of ₺8.41 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 630 Healthcare Providers & Services companies, Nasmed Ozelglik Hizmetleri Ticaret AS ranks worse than 76.51% 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 -2.14 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Nasmed Ozelglik Hizmetleri Ticaret AS's Beneish M-Score or its related term are showing as below:

IST:EGEPO' s Beneish M-Score Range Over the Past 10 Years
Min: -2.89   Med: -2.09   Max: 1.01
Current: -2.14

During the past 7 years, the highest Beneish M-Score of Nasmed Ozelglik Hizmetleri Ticaret AS was 1.01. The lowest was -2.89. And the median was -2.09.


Nasmed Ozelglik Hizmetleri Ticaret AS Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Nasmed Ozelglik Hizmetleri Ticaret AS'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.

Nasmed Ozelglik Hizmetleri Ticaret AS Beneish M-Score Chart

Nasmed Ozelglik Hizmetleri Ticaret AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 -0.89 -1.67 -2.89

Nasmed Ozelglik Hizmetleri Ticaret AS Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.89 -2.46 -2.01 -2.25 -2.14

IST:EGEPO vs HCA, THC, DVA: Beneish M-Score Comparison

For the Medical Care Facilities subindustry, Nasmed Ozelglik Hizmetleri Ticaret AS'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.


Nasmed Ozelglik Hizmetleri Ticaret AS Beneish M-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Nasmed Ozelglik Hizmetleri Ticaret AS's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Nasmed Ozelglik Hizmetleri Ticaret AS's Beneish M-Score falls into.


IST:EGEPO
73GF Score
Nasmed Ozel Saglik Hizmetleri Ticaret AS IST:EGEPO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nasmed Ozelglik Hizmetleri Ticaret AS 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 Nasmed Ozelglik Hizmetleri Ticaret AS 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 * 1.1987+0.528 * 1.4261+0.404 * 1.0596+0.892 * 1.0187+0.115 * 1.0598
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7324+4.679 * -0.05061-0.327 * 0.7846
=-2.14

* 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.

This Year (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was ₺166 Mil.
Revenue was 383.78 + 324.827 + 288 + 287.197 = ₺1,284 Mil.
Gross Profit was 56.123 + 41.486 + 33.453 + 74.048 = ₺205 Mil.
Total Current Assets was ₺364 Mil.
Total Assets was ₺2,309 Mil.
Property, Plant and Equipment(Net PPE) was ₺1,715 Mil.
Depreciation, Depletion and Amortization(DDA) was ₺172 Mil.
Selling, General, & Admin. Expense(SGA) was ₺53 Mil.
Total Current Liabilities was ₺202 Mil.
Long-Term Debt & Capital Lease Obligation was ₺38 Mil.
Net Income was 12.767 + -7.994 + -1.739 + -0.212 = ₺3 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₺0 Mil.
Cash Flow from Operations was 104.358 + 67.965 + -43.063 + -9.564 = ₺120 Mil.
Total Receivables was ₺136 Mil.
Revenue was 370.577 + 332.277 + 269.795 + 287.629 = ₺1,260 Mil.
Gross Profit was 42.983 + 106.597 + 59.499 + 78.067 = ₺287 Mil.
Total Current Assets was ₺376 Mil.
Total Assets was ₺2,220 Mil.
Property, Plant and Equipment(Net PPE) was ₺1,635 Mil.
Depreciation, Depletion and Amortization(DDA) was ₺175 Mil.
Selling, General, & Admin. Expense(SGA) was ₺71 Mil.
Total Current Liabilities was ₺229 Mil.
Long-Term Debt & Capital Lease Obligation was ₺66 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)
=(165.636 / 1283.804) / (135.65 / 1260.278)
=0.12902 / 0.107635
=1.1987

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)
=(287.146 / 1260.278) / (205.11 / 1283.804)
=0.227843 / 0.159767
=1.4261

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 - (364.124 + 1714.709) / 2309.289) / (1 - (375.978 + 1635.031) / 2220.102)
=0.099795 / 0.094182
=1.0596

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
=1283.804 / 1260.278
=1.0187

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))
=(175.333 / (175.333 + 1635.031)) / (172.451 / (172.451 + 1714.709))
=0.09685 / 0.091381
=1.0598

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)
=(52.751 / 1283.804) / (70.703 / 1260.278)
=0.04109 / 0.056101
=0.7324

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)
=((38.448 + 202.149) / 2309.289) / ((66.006 + 228.82) / 2220.102)
=0.104187 / 0.132798
=0.7846

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
=(2.822 - 0 - 119.696) / 2309.289
=-0.05061

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.

Nasmed Ozelglik Hizmetleri Ticaret AS has a M-score of -2.14 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 -2.14 mean?
Nasmed Ozelglik Hizmetleri Ticaret AS (IST:EGEPO) has a Beneish M-Score of -2.14 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Nasmed Ozelglik Hizmetleri Ticaret AS and its competitors. According to the industry distribution chart, Nasmed Ozelglik Hizmetleri Ticaret AS ranks #482 out of 630 companies in the Healthcare Providers & Services industry, placing it in the top 76.5%.
Is Nasmed Ozelglik Hizmetleri Ticaret AS's Beneish M-Score too high?
Nasmed Ozelglik Hizmetleri Ticaret AS's current Beneish M-Score is -2.14. Based on the distribution chart, Nasmed Ozelglik Hizmetleri Ticaret AS ranks #482 out of 630 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Nasmed Ozelglik Hizmetleri Ticaret AS has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nasmed Ozelglik Hizmetleri Ticaret AS's Beneish M-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Nasmed Ozelglik Hizmetleri Ticaret AS ranks #482 out of 630 companies for Beneish M-Score. This places Nasmed Ozelglik Hizmetleri Ticaret AS 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 Healthcare Providers & Services company?
A good Beneish M-Score depends on the Healthcare Providers & 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 Nasmed Ozelglik Hizmetleri Ticaret AS and its competitors. Nasmed Ozelglik Hizmetleri Ticaret AS's current Beneish M-Score is -2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nasmed Ozelglik Hizmetleri Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Nasmed Ozelglik Hizmetleri Ticaret AS (IST:EGEPO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺8.41, compared to a current price of ₺18.28 — trading 117.4% above its estimated fair value. The current Beneish M-Score is -2.14. Nasmed Ozelglik Hizmetleri Ticaret AS's overall GF Score™ is 73/100 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 Nasmed Ozelglik Hizmetleri Ticaret AS (IST:EGEPO), the current Beneish M-Score is -2.14 as of Jul. 15, 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 Nasmed Ozelglik Hizmetleri Ticaret AS (IST:EGEPO) Overvalued in 2026?

Based on GuruFocus' analysis, Nasmed Ozelglik Hizmetleri Ticaret AS stock appears to be overvalued. The current stock price of ₺18.28 is trading 117.4% above its estimated GF Value™ of ₺8.41. GuruFocus considers Nasmed Ozelglik Hizmetleri Ticaret AS to be Significantly Overvalued.

Key valuation signals for IST:EGEPO:

  • Beneish M-Score: -2.14
  • GF Value™: ₺8.41 vs. price of ₺18.28 (117.4% above fair value)
  • GF Score™: 73/100 with 7 warning signs

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


Nasmed Ozelglik Hizmetleri Ticaret AS Business Description

Address Iller Bankasi Halide Edip Adivar Bulvar, 507. Sk. No:3, Izmir, TUR, 35270
Nasmed Ozel Saglik Hizmetleri Ticaret AS provides quality healthcare services. It arranges consultations, travel planning, accommodation, translation, and other relevant services for its patients 24/7.
73GF Score

Get the complete analysis for IST:EGEPO

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

₺18.28
Price
₺8.41
GF Value