Centiel AG (LTS:0QQI) Beneish M-Score: -1.94 (As of Jul. 02, 2026)


LTS:0QQI Centiel AG LTS:0QQI
27 GF Score
Price CHF6.50
! 5 Warning Signs
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What is Centiel AG Beneish M-Score?

Centiel AG LTS:0QQI -8.38% 27 Beneish M-Score is -1.94 as of Jul. 02, 2026. GuruFocus rates LTS:0QQI with a GF Score™ of 27/100. The stock has 5 warning signs investors should review. Among 2,918 Industrial Products companies, Centiel AG ranks worse than 79.88% 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 -1.94 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LTS:0QQI' s Beneish M-Score Range Over the Past 10 Years
Min: -1.94   Med: -1.94   Max: -1.94
Current: -1.94

During the past 3 years, the highest Beneish M-Score of Centiel AG was -1.94. The lowest was -1.94. And the median was -1.94.

Centiel AG Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Centiel 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.

Centiel AG Beneish M-Score Chart

Centiel AG Annual Data
Trend Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -1.94

Centiel AG Semi-Annual Data
Dec23 Dec24 Dec25
Beneish M-Score 0.00 0.00 -1.94

LTS:0QQI vs VRT, BE, HUBB: Beneish M-Score Comparison

For the Electrical Equipment & Parts subindustry, Centiel 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.

Centiel AG Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Centiel AG's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Centiel AG's Beneish M-Score falls into.


LTS:0QQI
27GF Score
Centiel AG LTS:0QQI
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Centiel AG 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 Centiel 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 * 1.0241+0.528 * 0.9262+0.404 * 1.2114+0.892 * 1.2559+0.115 * 0.8589
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1244+4.679 * 0.042946-0.327 * 0.7602
=-1.94

* 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 CHF11.29 Mil.
Revenue was CHF45.71 Mil.
Gross Profit was CHF22.58 Mil.
Total Current Assets was CHF30.13 Mil.
Total Assets was CHF31.46 Mil.
Property, Plant and Equipment(Net PPE) was CHF1.06 Mil.
Depreciation, Depletion and Amortization(DDA) was CHF0.22 Mil.
Selling, General, & Admin. Expense(SGA) was CHF2.26 Mil.
Total Current Liabilities was CHF12.52 Mil.
Long-Term Debt & Capital Lease Obligation was CHF0.39 Mil.
Net Income was CHF7.82 Mil.
Gross Profit was CHF0.00 Mil.
Cash Flow from Operations was CHF6.47 Mil.
 Total Receivables was CHF8.77 Mil.
Revenue was CHF36.40 Mil.
Gross Profit was CHF16.65 Mil.
Total Current Assets was CHF22.77 Mil.
Total Assets was CHF23.65 Mil.
Property, Plant and Equipment(Net PPE) was CHF0.71 Mil.
Depreciation, Depletion and Amortization(DDA) was CHF0.13 Mil.
Selling, General, & Admin. Expense(SGA) was CHF1.60 Mil.
Total Current Liabilities was CHF10.59 Mil.
Long-Term Debt & Capital Lease Obligation was CHF2.17 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)
=(11.285 / 45.71) / (8.774 / 36.395)
=0.246883 / 0.241077
=1.0241

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)
=(16.654 / 36.395) / (22.583 / 45.71)
=0.45759 / 0.494049
=0.9262

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 - (30.129 + 1.055) / 31.458) / (1 - (22.769 + 0.706) / 23.645)
=0.00871 / 0.00719
=1.2114

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
=45.71 / 36.395
=1.2559

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))
=(0.125 / (0.125 + 0.706)) / (0.224 / (0.224 + 1.055))
=0.150421 / 0.175137
=0.8589

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)
=(2.261 / 45.71) / (1.601 / 36.395)
=0.049464 / 0.04399
=1.1244

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)
=((0.385 + 12.521) / 31.458) / ((2.168 + 10.592) / 23.645)
=0.410261 / 0.539649
=0.7602

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
=(7.824 - 0 - 6.473) / 31.458
=0.042946

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.

Centiel AG has a M-score of -1.94 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 -1.94 mean?
Centiel AG (LTS:0QQI) has a Beneish M-Score of -1.94 as of Jul. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Centiel AG and its competitors. According to the industry distribution chart, Centiel AG ranks #2331 out of 2918 companies in the Industrial Products industry, placing it in the top 79.9%.
Is Centiel AG's Beneish M-Score too high?
Centiel AG's current Beneish M-Score is -1.94. Based on the distribution chart, Centiel AG ranks #2331 out of 2918 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Centiel AG has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Centiel AG's Beneish M-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Centiel AG ranks #2331 out of 2918 companies for Beneish M-Score. This places Centiel 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Centiel AG and its competitors. Centiel AG's current Beneish M-Score is -1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Centiel AG stock overvalued right now?
Centiel AG (LTS:0QQI) has a current Beneish M-Score of -1.94. The current Beneish M-Score is -1.94. Centiel AG's overall GF Score™ is 27/100 with 5 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 Centiel AG (LTS:0QQI), the current Beneish M-Score is -1.94 as of Jul. 02, 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.

Centiel AG Business Description

Centiel AG is a Swiss-based technology company focused on the design, manufacture, and supply of power protection solutions for critical installations. Its products include uninterruptible power supply (UPS) systems used in applications such as data centers, railways, medical facilities, and industrial infrastructure.
27GF Score

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