NXTT (Next Technology Holding) Beneish M-Score: 0.00 (As of Jun. 24, 2026)


NXTT Next Technology Holding Inc NXTT
50 GF Score
Price $1.21
GF Value $7.32
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Next Technology Holding Beneish M-Score?

Next Technology Holding NXTT -11.68% 50 Beneish M-Score is 0.00 as of Jun. 24, 2026. GuruFocus rates NXTT with a GF Score™ of 50/100 and a GF Value™ of $7.32 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,633 Software companies, Next Technology Holding ranks worse than 37979.45% 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 Next Technology Holding's Beneish M-Score or its related term are showing as below:

During the past 7 years, the highest Beneish M-Score of Next Technology Holding was 66.50. The lowest was -4.98. And the median was -1.70.

Next Technology Holding Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Next Technology Holding'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.

Next Technology Holding Beneish M-Score Chart

Next Technology Holding Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.67 -0.92 0.00 0.00 0.00

Next Technology Holding Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 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 0.00 -3.73 -2.93 0.00 0.00

NXTT vs EXFY, NRDY, SCOR: Beneish M-Score Comparison

For the Software - Application subindustry, Next Technology Holding'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.

Next Technology Holding Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Next Technology Holding's Beneish M-Score distribution charts can be found below:

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


NXTT
50GF Score
Next Technology Holding Inc NXTT
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Next Technology Holding 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 Next Technology Holding 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 $0.37 Mil.
Revenue was 0.465 + 9.827 + 1.788 + 0 = $12.08 Mil.
Gross Profit was 0.078 + 0.95 + 0.807 + 0 = $1.84 Mil.
Total Current Assets was $551.22 Mil.
Total Assets was $551.22 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 $71.61 Mil.
Total Current Liabilities was $3.05 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -105.852 + -151.958 + -16.892 + 118.575 = $-156.13 Mil.
Non Operating Income was -126.511 + -150.651 + 34.737 + 150.35 = $-92.08 Mil.
Cash Flow from Operations was -1.396 + 0 + 0 + 0 = $-1.40 Mil.
 Total Receivables was $1.44 Mil.
Revenue was 0 + 1.8 + 0 + 0 = $1.80 Mil.
Gross Profit was 0 + 1.07 + 0 + 0 = $1.07 Mil.
Total Current Assets was $483.83 Mil.
Total Assets was $483.83 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 $1.21 Mil.
Total Current Liabilities was $3.14 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 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)
=(0.37 / 12.08) / (1.44 / 1.8)
=0.030629 / 0.8
=

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)
=(1.07 / 1.8) / (1.835 / 12.08)
=0.594444 / 0.151904
=

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 - (551.22 + 0) / 551.22) / (1 - (483.826 + 0) / 483.826)
=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
=12.08 / 1.8
=

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 / (0 + 0))
= /
=

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)
=(71.611 / 12.08) / (1.207 / 1.8)
=5.928063 / 0.670556
=

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 + 3.047) / 551.22) / ((0 + 3.144) / 483.826)
=0.005528 / 0.006498
=

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
=(-156.127 - -92.075 - -1.396) / 551.22
=-0.113668

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?
Next Technology Holding (NXTT) has a Beneish M-Score of 0.00 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Next Technology Holding and its competitors. According to the industry distribution chart, Next Technology Holding ranks #999999 out of 2633 companies in the Software industry.
Is Next Technology Holding's Beneish M-Score too high?
Next Technology Holding's current Beneish M-Score is 0.00. Based on the distribution chart, Next Technology Holding ranks #999999 out of 2633 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Next Technology Holding has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Next Technology Holding's Beneish M-Score compare to EXFY and NRDY?
According to the Software industry distribution chart, Next Technology Holding ranks #999999 out of 2633 companies for Beneish M-Score. This places Next Technology Holding 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 Software company?
A good Beneish M-Score depends on the Software 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 Next Technology Holding and its competitors. Next Technology Holding'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 Next Technology Holding stock overvalued right now?
Based on GuruFocus' analysis, Next Technology Holding (NXTT) is currently considered Significantly Undervalued. The stock's GF Value™ is $7.32, compared to a current price of $1.21 — trading 83.5% below its estimated fair value. The current Beneish M-Score is 0.00. Next Technology Holding's overall GF Score™ is 50/100 with 1 warning sign 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 Next Technology Holding (NXTT), the current Beneish M-Score is 0.00 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 Next Technology Holding (NXTT) Overvalued in 2026?

Based on GuruFocus' analysis, Next Technology Holding stock appears to be undervalued. The current stock price of $1.21 is trading 83.5% below its estimated GF Value™ of $7.32. GuruFocus considers Next Technology Holding to be Significantly Undervalued.

Key valuation signals for NXTT:

  • Beneish M-Score: 0.00
  • GF Value™: $7.32 vs. price of $1.21 (83.5% below fair value)
  • GF Score™: 50/100 with 1 warning sign

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

Next Technology Holding Business Description

Other Exchanges ZP9:Germany
Address Grandage 3, Takebashi 408, 1376-7 OBA, Ssaitama Prefecture, Kasukabe, JPN, 344-0021
Next Technology Holding Inc provides software development services. It provides artificial intelligence (AI) enabled software development services to customers in Hong Kong, Singapore, Malaysia, Japan, and other Asian countries, which include developing, designing, and implementing various Software-as-a-Service (SaaS) software solutions for businesses of all types, including industrials and other businesses. Its designs, develops and deploys software platforms that integrate cloud computing, data analytics and AI-driven algorithms to support enterprises across diverse industries. Its products include Smart Cloud Collaboration Platform, AI-Enabled Data Analytics and Decision Support, Fully Automated Workflow, Comprehensive Security and Compliance Assurance, among others.
50GF Score

Get the complete analysis for NXTT

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

$1.21
Price
$7.32
GF Value