SDM SE (STU:75S) Beneish M-Score: 544.75 (As of Jun. 26, 2026) — 116% Above Median


STU:75S SDM SE STU:75S
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What is SDM SE Beneish M-Score?

SDM SE STU:75S -88.68% 27 Beneish M-Score is 544.75 as of Jun. 26, 2026, which is 116% above its 10-year median of 251.76. GuruFocus rates STU:75S with a GF Score™ of 27/100. The stock has 5 warning signs investors should review. Among 1,020 Business Services companies, SDM SE ranks worse than 99.9% 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.

Warning Sign:

Beneish M-Score 544.75 higher than -1.78, which implies that the company might have manipulated its financial results.

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

STU:75S' s Beneish M-Score Range Over the Past 10 Years
Min: -41.24   Med: 251.76   Max: 544.75
Current: 544.75

During the past 5 years, the highest Beneish M-Score of SDM SE was 544.75. The lowest was -41.24. And the median was 251.76.

SDM SE Beneish M-Score Historical Data

* Premium members only.

The historical data trend for SDM SE'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.

SDM SE Beneish M-Score Chart

SDM SE Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Beneish M-Score
0.00 0.00 0.00 -41.24 544.75

SDM SE Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 -41.24 0.00 544.75 0.00

STU:75S vs ALLE, MSA, ADT: Beneish M-Score Comparison

For the Security & Protection Services subindustry, SDM SE'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.

SDM SE Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, SDM SE's Beneish M-Score distribution charts can be found below:

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


STU:75S
27GF Score
SDM SE STU:75S
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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SDM SE 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 SDM SE 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 * 0.0065+0.528 * 1.1369+0.404 * 0.6512+0.892 * 616.2909+0.115 * 0.3468
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.08723-0.327 * 1.4397
=544.75

* 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 (Dec24) TTM:Last Year (Dec23) TTM:
Total Receivables was €5.40 Mil.
Revenue was €33.90 Mil.
Gross Profit was €29.82 Mil.
Total Current Assets was €6.18 Mil.
Total Assets was €15.76 Mil.
Property, Plant and Equipment(Net PPE) was €0.39 Mil.
Depreciation, Depletion and Amortization(DDA) was €1.30 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €1.32 Mil.
Long-Term Debt & Capital Lease Obligation was €6.64 Mil.
Net Income was €-1.38 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €0.00 Mil.
 Total Receivables was €1.36 Mil.
Revenue was €0.06 Mil.
Gross Profit was €0.06 Mil.
Total Current Assets was €1.45 Mil.
Total Assets was €13.92 Mil.
Property, Plant and Equipment(Net PPE) was €0.01 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.00 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €0.77 Mil.
Long-Term Debt & Capital Lease Obligation was €4.11 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)
=(5.402 / 33.896) / (1.358 / 0.055)
=0.15937 / 24.690909
=0.0065

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)
=(0.055 / 0.055) / (29.815 / 33.896)
=1 / 0.879602
=1.1369

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 - (6.182 + 0.39) / 15.763) / (1 - (1.445 + 0.011) / 13.917)
=0.583074 / 0.89538
=0.6512

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
=33.896 / 0.055
=616.2909

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))
=(0.004 / (0.004 + 0.011)) / (1.298 / (1.298 + 0.39))
=0.266667 / 0.768957
=0.3468

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 / 33.896) / (0 / 0.055)
=0 / 0
=1

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)
=((6.64 + 1.316) / 15.763) / ((4.11 + 0.769) / 13.917)
=0.504726 / 0.350578
=1.4397

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
=(-1.375 - 0 - 0) / 15.763
=-0.08723

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.

SDM SE has a M-score of 544.75 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 544.75 mean?
SDM SE (STU:75S) has a Beneish M-Score of 544.75 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on SDM SE and its competitors. This is 116% above median its historical median of 251.76. According to the industry distribution chart, SDM SE ranks #1019 out of 1020 companies in the Business Services industry, placing it in the top 99.9%.
Is SDM SE's Beneish M-Score too high?
SDM SE's current Beneish M-Score of 544.75 is 116% above median its 10-year median of 251.76. Based on the distribution chart, SDM SE ranks #1019 out of 1020 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, SDM SE has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does SDM SE's Beneish M-Score compare to ALLE and MSA?
According to the Business Services industry distribution chart, SDM SE ranks #1019 out of 1020 companies for Beneish M-Score. This places SDM SE 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 Business Services company?
A good Beneish M-Score depends on the Business 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 SDM SE and its competitors. SDM SE's current Beneish M-Score is 544.75, which is 116% above median its own 10-year median of 251.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SDM SE stock overvalued right now?
SDM SE (STU:75S) has a current Beneish M-Score of 544.75. The current Beneish M-Score is 544.75, which is 116% above median its 10-year median of 251.76. SDM SE'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 SDM SE (STU:75S), the current Beneish M-Score is 544.75 as of Jun. 26, 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.

SDM SE Business Description

Other Exchanges 75S:Germany
Address Ranertstrasse 5, Munich, BY, DEU, 81249
SDM SE is a security service provider in southern and western Germany. The various services offered by the group include plant and property protection, emergency call center, valuables transport and courier services, event security, patrol and guard service, AI security technology, hospitality service, and special security services.
27GF Score

Get the complete analysis for STU:75S

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

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