Curatis Holding AG (XSWX:CURN) Beneish M-Score: -2.79 (As of Jul. 04, 2026)


XSWX:CURN Curatis Holding AG XSWX:CURN
33 GF Score
Price CHF23.60
! 7 Warning Signs
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What is Curatis Holding AG Beneish M-Score?

Curatis Holding AG XSWX:CURN +3.51% 33 Beneish M-Score is -2.79 as of Jul. 04, 2026. GuruFocus rates XSWX:CURN with a GF Score™ of 33/100. The stock has 7 warning signs investors should review. Among 909 Drug Manufacturers companies, Curatis Holding AG ranks better than 74.04% 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 -2.79 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XSWX:CURN' s Beneish M-Score Range Over the Past 10 Years
Min: -2.79   Med: -2.79   Max: -2.79
Current: -2.79

During the past 5 years, the highest Beneish M-Score of Curatis Holding AG was -2.79. The lowest was -2.79. And the median was -2.79.

Curatis Holding AG Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Curatis Holding 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.

Curatis Holding AG Beneish M-Score Chart

Curatis Holding AG Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 0.00 -2.79

Curatis Holding AG Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 -2.79

XSWX:CURN vs ZTS, UTHR, VTRS: Beneish M-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Curatis Holding 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.

Curatis Holding AG Beneish M-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Curatis Holding AG's Beneish M-Score distribution charts can be found below:

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


XSWX:CURN
33GF Score
Curatis Holding AG XSWX:CURN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Curatis Holding 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 Curatis Holding 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 * 0.6495+0.528 * 0.874+0.404 * 1.0096+0.892 * 1.5661+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 3.4415+4.679 * -0.001894-0.327 * 1.0071
=-2.79

* 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 CHF1.59 Mil.
Revenue was CHF10.80 Mil.
Gross Profit was CHF2.84 Mil.
Total Current Assets was CHF5.47 Mil.
Total Assets was CHF55.96 Mil.
Property, Plant and Equipment(Net PPE) was CHF0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was CHF0.38 Mil.
Selling, General, & Admin. Expense(SGA) was CHF1.27 Mil.
Total Current Liabilities was CHF3.31 Mil.
Long-Term Debt & Capital Lease Obligation was CHF0.00 Mil.
Net Income was CHF-1.42 Mil.
Gross Profit was CHF0.00 Mil.
Cash Flow from Operations was CHF-1.31 Mil.
 Total Receivables was CHF1.56 Mil.
Revenue was CHF6.90 Mil.
Gross Profit was CHF1.59 Mil.
Total Current Assets was CHF5.90 Mil.
Total Assets was CHF55.54 Mil.
Property, Plant and Equipment(Net PPE) was CHF0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was CHF0.26 Mil.
Selling, General, & Admin. Expense(SGA) was CHF0.24 Mil.
Total Current Liabilities was CHF3.26 Mil.
Long-Term Debt & Capital Lease Obligation was CHF0.00 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)
=(1.591 / 10.8) / (1.564 / 6.896)
=0.147315 / 0.226798
=0.6495

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)
=(1.586 / 6.896) / (2.842 / 10.8)
=0.229988 / 0.263148
=0.874

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 - (5.468 + 0) / 55.957) / (1 - (5.902 + 0) / 55.536)
=0.902282 / 0.893727
=1.0096

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
=10.8 / 6.896
=1.5661

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))
=(0.256 / (0.256 + 0)) / (0.383 / (0.383 + 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)
=(1.272 / 10.8) / (0.236 / 6.896)
=0.117778 / 0.034223
=3.4415

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 + 3.31) / 55.957) / ((0 + 3.262) / 55.536)
=0.059153 / 0.058737
=1.0071

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
=(-1.416 - 0 - -1.31) / 55.957
=-0.001894

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.

Curatis Holding AG has a M-score of -2.79 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 -2.79 mean?
Curatis Holding AG (XSWX:CURN) has a Beneish M-Score of -2.79 as of Jul. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Curatis Holding AG and its competitors. According to the industry distribution chart, Curatis Holding AG ranks #236 out of 909 companies in the Drug Manufacturers industry, placing it in the top 26%.
Is Curatis Holding AG's Beneish M-Score too high?
Curatis Holding AG's current Beneish M-Score is -2.79. Based on the distribution chart, Curatis Holding AG ranks #236 out of 909 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Curatis Holding AG has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Curatis Holding AG's Beneish M-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Curatis Holding AG ranks #236 out of 909 companies for Beneish M-Score. This puts Curatis Holding AG in the upper 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 Drug Manufacturers company?
A good Beneish M-Score depends on the Drug Manufacturers 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 Curatis Holding AG and its competitors. Curatis Holding AG's current Beneish M-Score is -2.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Curatis Holding AG stock overvalued right now?
Curatis Holding AG (XSWX:CURN) has a current Beneish M-Score of -2.79. The current Beneish M-Score is -2.79. Curatis Holding AG's overall GF Score™ is 33/100 with 7 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 Curatis Holding AG (XSWX:CURN), the current Beneish M-Score is -2.79 as of Jul. 04, 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.

Curatis Holding AG Business Description

Other Exchanges CURNz:UK0QNS:UK26U:Germany
Address Weierweg 7, Liestal, CHE, CH-4410
Curatis Holding AG is a specialty pharmaceutical Company with two-pillar. On one hand, the Company trades and distributes specialty medicines in the rare disease and specialty medicines space i.e. acquires, licenses, distributes and promotes pharmaceutical products for the treatment and/or prevention of rare and specialty diseases in Switzerland. On the other hand, it is a drug development Company with a pipeline of product candidates, also predominantly in the orphan drug space.
33GF Score

Get the complete analysis for XSWX:CURN

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

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