RWT AG (WBO:RWT) Beneish M-Score: -2.98 (As of Jul. 13, 2026)


WBO:RWT RWT AG WBO:RWT
17 GF Score
Price €2.54
! 1 Warning Sign
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What is RWT AG Beneish M-Score?

RWT AG WBO:RWT 17 Beneish M-Score is -2.98 as of Jul. 13, 2026. GuruFocus rates WBO:RWT with a GF Score™ of 17/100. The stock has 1 warning sign investors should review. Among 2,913 Industrial Products companies, RWT AG ranks better than 86.75% 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.

Good Sign:

Beneish M-Score -2.98 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

WBO:RWT' s Beneish M-Score Range Over the Past 10 Years
Min: -2.98   Med: -2.44   Max: -2.44
Current: -2.98

During the past 6 years, the highest Beneish M-Score of RWT AG was -2.44. The lowest was -2.98. And the median was -2.44.

RWT AG Beneish M-Score Historical Data

* Premium members only.

The historical data trend for RWT AG'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.

RWT AG Beneish M-Score Chart

RWT AG Annual Data
Trend Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Beneish M-Score
Get a 7-Day Free Trial 0.00 -2.44 0.00 0.00 -2.98

RWT AG Semi-Annual Data
Jan21 Jan22 Jan23 Jan24 Jan25 Jul25 Jan26
Beneish M-Score Get a 7-Day Free Trial -2.44 0.00 0.00 0.00 -2.98

WBO:RWT vs GEV, ETN, PH: Beneish M-Score Comparison

For the Specialty Industrial Machinery subindustry, RWT AG'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.

RWT AG Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, RWT AG's Beneish M-Score distribution charts can be found below:

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


WBO:RWT
17GF Score
RWT AG WBO:RWT
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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RWT AG 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 RWT AG 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 * 0.3546+0.528 * 1.0578+0.404 * 1.0494+0.892 * 1.2118+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.018931-0.327 * 1.1742
=-2.98

* 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 (Jan26) TTM:Last Year (Jan25) TTM:
Total Receivables was €0.21 Mil.
Revenue was €0.49 Mil.
Gross Profit was €0.48 Mil.
Total Current Assets was €0.23 Mil.
Total Assets was €13.73 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 €0.00 Mil.
Total Current Liabilities was €0.57 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Net Income was €-0.26 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €0.00 Mil.
 Total Receivables was €0.48 Mil.
Revenue was €0.41 Mil.
Gross Profit was €0.42 Mil.
Total Current Assets was €0.91 Mil.
Total Assets was €14.41 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 €0.00 Mil.
Total Current Liabilities was €0.51 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)
=(0.208 / 0.492) / (0.484 / 0.406)
=0.422764 / 1.192118
=0.3546

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)
=(0.419 / 0.406) / (0.48 / 0.492)
=1.03202 / 0.97561
=1.0578

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 - (0.231 + 0) / 13.734) / (1 - (0.91 + 0) / 14.413)
=0.98318 / 0.936863
=1.0494

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
=0.492 / 0.406
=1.2118

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))
= /
=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 / 0.492) / (0 / 0.406)
=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 + 0.574) / 13.734) / ((0 + 0.513) / 14.413)
=0.041794 / 0.035593
=1.1742

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
=(-0.26 - 0 - 0) / 13.734
=-0.018931

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.

RWT AG has a M-score of -2.98 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.98 mean?
RWT AG (WBO:RWT) has a Beneish M-Score of -2.98 as of Jul. 13, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on RWT AG and its competitors. According to the industry distribution chart, RWT AG ranks #386 out of 2913 companies in the Industrial Products industry, placing it in the top 13.3%.
Is RWT AG's Beneish M-Score too high?
RWT AG's current Beneish M-Score is -2.98. Based on the distribution chart, RWT AG ranks #386 out of 2913 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, RWT AG has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does RWT AG's Beneish M-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, RWT AG ranks #386 out of 2913 companies for Beneish M-Score. This places RWT AG in the top 13% of its industry — outperforming the majority of peers. 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 Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 RWT AG and its competitors. RWT AG's current Beneish M-Score is -2.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RWT AG stock overvalued right now?
RWT AG (WBO:RWT) has a current Beneish M-Score of -2.98. The current Beneish M-Score is -2.98. RWT AG's overall GF Score™ is 17/100 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 RWT AG (WBO:RWT), the current Beneish M-Score is -2.98 as of Jul. 13, 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.

RWT AG Business Description

Address Gseng 90, Russbach, Salzburg, AUT, 5442
RWT AG is a manufacturing company whose focus is on toolmaking, mold making, prototyping and assembly production. They also manufacture engine components and precision parts on a contract basis, including for the automotive, aircraft and motorsport industries.
17GF 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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