Tech Robotics (WAR:TCR) Beneish M-Score: 2.51 (As of Jun. 26, 2026) — Near Median


WAR:TCR Tech Robotics SA WAR:TCR
2 GF Score
Price zł13.70
! 4 Warning Signs
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What is Tech Robotics Beneish M-Score?

Tech Robotics WAR:TCR +3.01% 2 Beneish M-Score is 2.51 as of Jun. 26, 2026, which is at its 10-year median of 2.51. GuruFocus rates WAR:TCR with a GF Score™ of 2/100. The stock has 4 warning signs investors should review. Among 532 Interactive Media companies, Tech Robotics ranks worse than 97.56% 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 2.51 higher than -1.78, which implies that the company might have manipulated its financial results.

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

WAR:TCR' s Beneish M-Score Range Over the Past 10 Years
Min: 2.51   Med: 2.51   Max: 2.51
Current: 2.51

During the past 5 years, the highest Beneish M-Score of Tech Robotics was 2.51. The lowest was 2.51. And the median was 2.51.

Tech Robotics Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Tech Robotics'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.

Tech Robotics Beneish M-Score Chart

Tech Robotics Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 0.00 2.51

Tech Robotics Quarterly Data
Dec21 Dec22 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 0.00 0.00 0.00 2.51 0.00

WAR:TCR vs NTES, EA, TTWO: Beneish M-Score Comparison

For the Electronic Gaming & Multimedia subindustry, Tech Robotics'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.

Tech Robotics Beneish M-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tech Robotics's Beneish M-Score distribution charts can be found below:

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


WAR:TCR
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Tech Robotics SA WAR:TCR
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Tech Robotics 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 Tech Robotics 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 * 3.6655+0.528 * 5.384+0.404 * 0.8449+0.892 * 0.6952+0.115 * 0.4005
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.132992-0.327 * 0.9948
=2.51

* 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 zł1.59 Mil.
Revenue was zł0.13 Mil.
Gross Profit was zł0.05 Mil.
Total Current Assets was zł1.87 Mil.
Total Assets was zł5.87 Mil.
Property, Plant and Equipment(Net PPE) was zł0.40 Mil.
Depreciation, Depletion and Amortization(DDA) was zł0.14 Mil.
Selling, General, & Admin. Expense(SGA) was zł0.00 Mil.
Total Current Liabilities was zł2.56 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.00 Mil.
Net Income was zł-1.04 Mil.
Gross Profit was zł0.00 Mil.
Cash Flow from Operations was zł-1.82 Mil.
 Total Receivables was zł0.62 Mil.
Revenue was zł0.19 Mil.
Gross Profit was zł0.36 Mil.
Total Current Assets was zł0.93 Mil.
Total Assets was zł4.20 Mil.
Property, Plant and Equipment(Net PPE) was zł0.23 Mil.
Depreciation, Depletion and Amortization(DDA) was zł0.03 Mil.
Selling, General, & Admin. Expense(SGA) was zł0.00 Mil.
Total Current Liabilities was zł1.84 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)
=(1.585 / 0.13) / (0.622 / 0.187)
=12.192308 / 3.326203
=3.6655

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)
=(0.364 / 0.187) / (0.047 / 0.13)
=1.946524 / 0.361538
=5.384

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 - (1.871 + 0.404) / 5.865) / (1 - (0.929 + 0.229) / 4.203)
=0.612106 / 0.724483
=0.8449

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
=0.13 / 0.187
=0.6952

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))
=(0.026 / (0.026 + 0.229)) / (0.138 / (0.138 + 0.404))
=0.101961 / 0.254613
=0.4005

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 / 0.13) / (0 / 0.187)
=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 + 2.557) / 5.865) / ((0 + 1.842) / 4.203)
=0.435976 / 0.438258
=0.9948

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
=(-1.039 - 0 - -1.819) / 5.865
=0.132992

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.

Tech Robotics has a M-score of 2.51 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 2.51 mean?
Tech Robotics (WAR:TCR) has a Beneish M-Score of 2.51 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Tech Robotics and its competitors. This is near median its historical median of 2.51. Over the past decade, Tech Robotics' Beneish M-Score has ranged from 2.51 to 2.51. According to the industry distribution chart, Tech Robotics ranks #519 out of 532 companies in the Interactive Media industry, placing it in the top 97.6%.
Is Tech Robotics' Beneish M-Score too high?
Tech Robotics' current Beneish M-Score of 2.51 is near median its 10-year median of 2.51. Over the past 10 years, this metric has ranged from a low of 2.51 to a high of 2.51. Based on the distribution chart, Tech Robotics ranks #519 out of 532 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Tech Robotics has a GF Score™ of 2/100, reflecting its overall financial health beyond just this single metric.
How does Tech Robotics' Beneish M-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Tech Robotics ranks #519 out of 532 companies for Beneish M-Score. This places Tech Robotics in the lower half of its industry. Historically, Tech Robotics' own Beneish M-Score has ranged from 2.51 to 2.51 over the past decade. 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 Interactive Media company?
A good Beneish M-Score depends on the Interactive Media 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 Tech Robotics and its competitors. Tech Robotics's current Beneish M-Score is 2.51, which is near median its own 10-year median of 2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tech Robotics stock overvalued right now?
Tech Robotics (WAR:TCR) has a current Beneish M-Score of 2.51. The current Beneish M-Score is 2.51, which is near median its 10-year median of 2.51. Tech Robotics' overall GF Score™ is 2/100 with 4 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 Tech Robotics (WAR:TCR), the current Beneish M-Score is 2.51 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.

Tech Robotics Business Description

Address ul. Dzika 15/13, Warszawa, POL, 00-172
Tech Robotics SA formerly No Gravity Development SA operates as an independent development studio created by the listed computer game publisher No Gravity Games SA. It specializes mainly in porting (transferring from one hardware platform to another) games while maintaining the highest quality standards, with particular emphasis on console platforms, i.e. Nintendo Switch, Xbox One, Xbox Series, PlayStation 4, and PlayStation 5.
2GF Score

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

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