NKLR (Terra Innovatum Global NV) Beneish M-Score: 0.00 (As of Jul. 22, 2026)

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NKLR Terra Innovatum Global NV NKLR
13 GF Score
Price $5.34
! 2 Warning Signs
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What is Terra Innovatum Global NV Beneish M-Score?

Terra Innovatum Global NV NKLR -3.09% 13 Beneish M-Score is 0.00 as of Jul. 22, 2026. GuruFocus rates NKLR with a GF Score™ of 13/100. The stock has 2 warning signs investors should review. Among 488 Utilities - Regulated companies, Terra Innovatum Global NV ranks worse than 204917.83% 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 Terra Innovatum Global NV's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of Terra Innovatum Global NV was 0.00. The lowest was 0.00. And the median was 0.00.

Terra Innovatum Global NV Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Terra Innovatum Global NV'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.

Terra Innovatum Global NV Beneish M-Score Chart

Terra Innovatum Global NV Annual Data
Trend Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00

Terra Innovatum Global NV Quarterly Data
Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

NKLR vs GNE, IMSR, SUME: Beneish M-Score Comparison

For the Utilities - Regulated Electric subindustry, Terra Innovatum Global NV'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.

Terra Innovatum Global NV Beneish M-Score vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Terra Innovatum Global NV's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Terra Innovatum Global NV's Beneish M-Score falls into.


NKLR
13GF Score
Terra Innovatum Global NV NKLR
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Terra Innovatum Global NV 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 Terra Innovatum Global NV 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $2.64 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $101.48 Mil.
Total Assets was $101.90 Mil.
Property, Plant and Equipment(Net PPE) was $0.42 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.01 Mil.
Selling, General, & Admin. Expense(SGA) was $36.29 Mil.
Total Current Liabilities was $4.76 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -7.106 + 545.104 + -2.987 + -1.145 = $533.87 Mil.
Non Operating Income was -1.084 + 573.604 + -0.16 + 1.203 = $573.56 Mil.
Cash Flow from Operations was -3.856 + -6.609 + -2.317 + -1.172 = $-13.95 Mil.
 Total Receivables was $0.00 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $0.08 Mil.
Total Assets was $0.08 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 $1.49 Mil.
Total Current Liabilities was $1.26 Mil.
Long-Term Debt & Capital Lease Obligation was $0.29 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)
=(2.638 / 0) / (0.001 / 0)
= /
=

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 / 0) / (0 / 0)
= /
=

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 - (101.482 + 0.417) / 101.899) / (1 - (0.082 + 0) / 0.082)
=0 / 0
=

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 / 0
=

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 / (0 + 0)) / (0.006 / (0.006 + 0.417))
= / 0.014184
=

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)
=(36.291 / 0) / (1.493 / 0)
= /
=

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 + 4.755) / 101.899) / ((0.288 + 1.263) / 0.082)
=0.046664 / 18.914634
=

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
=(533.866 - 573.563 - -13.954) / 101.899
=-0.252633

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Terra Innovatum Global NV (NKLR) has a Beneish M-Score of 0.00 as of Jul. 22, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Terra Innovatum Global NV and its competitors. According to the industry distribution chart, Terra Innovatum Global NV ranks #999999 out of 488 companies in the Utilities - Regulated industry.
Is Terra Innovatum Global NV's Beneish M-Score too high?
Terra Innovatum Global NV's current Beneish M-Score is 0.00. Based on the distribution chart, Terra Innovatum Global NV ranks #999999 out of 488 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Terra Innovatum Global NV has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Terra Innovatum Global NV's Beneish M-Score compare to GNE and IMSR?
According to the Utilities - Regulated industry distribution chart, Terra Innovatum Global NV ranks #999999 out of 488 companies for Beneish M-Score. This places Terra Innovatum Global NV 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 Utilities - Regulated company?
A good Beneish M-Score depends on the Utilities - Regulated 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 Terra Innovatum Global NV and its competitors. Terra Innovatum Global NV'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 Terra Innovatum Global NV stock overvalued right now?
Terra Innovatum Global NV (NKLR) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Terra Innovatum Global NV's overall GF Score™ is 13/100 with 2 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 Terra Innovatum Global NV (NKLR), the current Beneish M-Score is 0.00 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.

Terra Innovatum Global NV Business Description

Other Exchanges M2W:Germany
Address Via Matteo Trenta 117, Lucca, ITA, 55100
Terra Innovatum Global NV is a micro modular nuclear solutions company that aims to deliver reliable, low-cost, and zero-carbon power wherever energy demand is present through its first-of-a-kind reactor, SOLO. SOLO is compact yet extremely powerful, with one unit generating 1MWe of power, while designed with the strictest safety characteristics and the ability to run 24/7 without the need to refuel for 15 years. Its modular design aims to achieve maximum energy efficiency while significantly reducing the levelized cost of energy (LCOE). SOLO is built using off-the-shelf components and widely available fuel, low-enriched uranium (LEU), which de-risks its regulatory and commercial pathway.
13GF Score

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