MedTech Solutions (WAR:MDT) Beneish M-Score: 48.00 (As of Jun. 25, 2026)


WAR:MDT MedTech Solutions SA WAR:MDT
28 GF Score
Price zł0.38
GF Value zł0.04
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is MedTech Solutions Beneish M-Score?

MedTech Solutions WAR:MDT +23.87% 28 Beneish M-Score is 48.00 as of Jun. 25, 2026. GuruFocus rates WAR:MDT with a GF Score™ of 28/100 and a GF Value™ of zł0.04 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,087 Retail - Cyclical companies, MedTech Solutions ranks worse than 99.63% 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 48 higher than -1.78, which implies that the company might have manipulated its financial results.

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

WAR:MDT' s Beneish M-Score Range Over the Past 10 Years
Min: -7.8   Med: -2.1   Max: 204.6
Current: 48

During the past 12 years, the highest Beneish M-Score of MedTech Solutions was 204.60. The lowest was -7.80. And the median was -2.10.


MedTech Solutions Beneish M-Score Historical Data

* Premium members only.

The historical data trend for MedTech Solutions'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.

MedTech Solutions Beneish M-Score Chart

MedTech Solutions Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 104.27 204.60 21.73 -4.59 48.00

MedTech Solutions 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 0.00 0.00 48.00 0.00

WAR:MDT vs AMZN, BABA, PDD: Beneish M-Score Comparison

For the Internet Retail subindustry, MedTech Solutions'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.


MedTech Solutions Beneish M-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, MedTech Solutions's Beneish M-Score distribution charts can be found below:

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


WAR:MDT
28GF Score
MedTech Solutions SA WAR:MDT
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MedTech Solutions 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 MedTech Solutions 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 * 55.8565+0.528 * 1.2543+0.404 * 0.1404+0.892 * 0.1883+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.162262-0.327 * 0.4307
=48.00

* 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 zł0.79 Mil.
Revenue was zł0.38 Mil.
Gross Profit was zł0.10 Mil.
Total Current Assets was zł3.54 Mil.
Total Assets was zł3.78 Mil.
Property, Plant and Equipment(Net PPE) was zł0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was zł0.09 Mil.
Selling, General, & Admin. Expense(SGA) was zł0.00 Mil.
Total Current Liabilities was zł1.07 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.00 Mil.
Net Income was zł-3.33 Mil.
Gross Profit was zł0.00 Mil.
Cash Flow from Operations was zł-3.94 Mil.
Total Receivables was zł0.08 Mil.
Revenue was zł2.01 Mil.
Gross Profit was zł0.65 Mil.
Total Current Assets was zł0.44 Mil.
Total Assets was zł0.82 Mil.
Property, Plant and Equipment(Net PPE) was zł0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was zł0.04 Mil.
Selling, General, & Admin. Expense(SGA) was zł0.00 Mil.
Total Current Liabilities was zł0.54 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.00 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)
=(0.789 / 0.378) / (0.075 / 2.007)
=2.087302 / 0.037369
=55.8565

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)
=(0.646 / 2.007) / (0.097 / 0.378)
=0.321873 / 0.256614
=1.2543

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 - (3.537 + 0) / 3.784) / (1 - (0.441 + 0) / 0.824)
=0.065275 / 0.464806
=0.1404

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
=0.378 / 2.007
=0.1883

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))
=(0.04 / (0.04 + 0)) / (0.092 / (0.092 + 0))
=1 / 1
=1

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 / 0.378) / (0 / 2.007)
=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)
=((0 + 1.07) / 3.784) / ((0 + 0.541) / 0.824)
=0.28277 / 0.656553
=0.4307

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
=(-3.329 - 0 - -3.943) / 3.784
=0.162262

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.

MedTech Solutions has a M-score of 48.00 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 48.00 mean?
MedTech Solutions (WAR:MDT) has a Beneish M-Score of 48.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on MedTech Solutions and its competitors. According to the industry distribution chart, MedTech Solutions ranks #1083 out of 1087 companies in the Retail - Cyclical industry, placing it in the top 99.6%.
Is MedTech Solutions' Beneish M-Score too high?
MedTech Solutions' current Beneish M-Score is 48.00. Based on the distribution chart, MedTech Solutions ranks #1083 out of 1087 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, MedTech Solutions has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MedTech Solutions' Beneish M-Score compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, MedTech Solutions ranks #1083 out of 1087 companies for Beneish M-Score. This places MedTech Solutions 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 Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 MedTech Solutions and its competitors. MedTech Solutions's current Beneish M-Score is 48.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MedTech Solutions stock overvalued right now?
Based on GuruFocus' analysis, MedTech Solutions (WAR:MDT) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.04, compared to a current price of zł0.38 — trading 860% above its estimated fair value. The current Beneish M-Score is 48.00. MedTech Solutions' overall GF Score™ is 28/100 with 9 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 MedTech Solutions (WAR:MDT), the current Beneish M-Score is 48.00 as of Jun. 25, 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 MedTech Solutions (WAR:MDT) Overvalued in 2026?

Based on GuruFocus' analysis, MedTech Solutions stock appears to be overvalued. The current stock price of zł0.38 is trading 860% above its estimated GF Value™ of zł0.04. GuruFocus considers MedTech Solutions to be Significantly Overvalued.

Key valuation signals for WAR:MDT:

  • Beneish M-Score: 48.00
  • GF Value™: zł0.04 vs. price of zł0.38 (860% above fair value)
  • GF Score™: 28/100 with 9 warning signs

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


MedTech Solutions Business Description

Address Dluga 29, Warsaw, POL, 00-238
MedTech Solutions SA formerly E-shopping Group SA main activity is based on conducting business through its own e-shops that operate in the dropshipping sales model.
28GF Score

Get the complete analysis for WAR:MDT

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

zł0.38
Price
zł0.04
GF Value