Geberit AG (XSWX:GEBN) Beneish M-Score: -2.76 (As of Jun. 25, 2026)


XSWX:GEBN Geberit AG XSWX:GEBN
78 GF Score
Price CHF536.20
GF Value CHF554.27
Valuation Fairly Valued
! 3 Warning Signs
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What is Geberit AG Beneish M-Score?

Geberit AG XSWX:GEBN +3.19% 78 Beneish M-Score is -2.76 as of Jun. 25, 2026. GuruFocus rates XSWX:GEBN with a GF Score™ of 78/100 and a GF Value™ of CHF554.27 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,704 Construction companies, Geberit AG ranks better than 70.54% 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 -2.76 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XSWX:GEBN' s Beneish M-Score Range Over the Past 10 Years
Min: -2.9   Med: -2.72   Max: -2.43
Current: -2.76

During the past 13 years, the highest Beneish M-Score of Geberit AG was -2.43. The lowest was -2.90. And the median was -2.72.


Geberit AG Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Geberit 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.

Geberit AG Beneish M-Score Chart

Geberit AG 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 -2.90 -2.57 -2.55 -2.78 -2.76

Geberit AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 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 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 -2.55 0.00 -2.78 0.00 -2.76

XSWX:GEBN vs TT, JCI, CARR: Beneish M-Score Comparison

For the Building Products & Equipment subindustry, Geberit 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.


Geberit AG Beneish M-Score vs Construction Industry

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

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


XSWX:GEBN
78GF Score
Geberit AG XSWX:GEBN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Geberit 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 Geberit 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 * 1.0376+0.528 * 0.9893+0.404 * 0.9475+0.892 * 1.0251+0.115 * 0.9481
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9903+4.679 * -0.069753-0.327 * 0.9455
=-2.76

* 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 CHF249 Mil.
Revenue was CHF3,163 Mil.
Gross Profit was CHF2,329 Mil.
Total Current Assets was CHF1,312 Mil.
Total Assets was CHF3,858 Mil.
Property, Plant and Equipment(Net PPE) was CHF1,073 Mil.
Depreciation, Depletion and Amortization(DDA) was CHF163 Mil.
Selling, General, & Admin. Expense(SGA) was CHF281 Mil.
Total Current Liabilities was CHF852 Mil.
Long-Term Debt & Capital Lease Obligation was CHF1,133 Mil.
Net Income was CHF598 Mil.
Gross Profit was CHF0 Mil.
Cash Flow from Operations was CHF867 Mil.
Total Receivables was CHF234 Mil.
Revenue was CHF3,086 Mil.
Gross Profit was CHF2,248 Mil.
Total Current Assets was CHF1,129 Mil.
Total Assets was CHF3,641 Mil.
Property, Plant and Equipment(Net PPE) was CHF1,045 Mil.
Depreciation, Depletion and Amortization(DDA) was CHF150 Mil.
Selling, General, & Admin. Expense(SGA) was CHF277 Mil.
Total Current Liabilities was CHF855 Mil.
Long-Term Debt & Capital Lease Obligation was CHF1,126 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)
=(249.1 / 3162.9) / (234.2 / 3085.5)
=0.078757 / 0.075903
=1.0376

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)
=(2247.9 / 3085.5) / (2329.3 / 3162.9)
=0.728537 / 0.736444
=0.9893

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 - (1311.6 + 1072.8) / 3857.9) / (1 - (1128.5 + 1044.8) / 3641)
=0.381944 / 0.403104
=0.9475

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
=3162.9 / 3085.5
=1.0251

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))
=(149.7 / (149.7 + 1044.8)) / (163.4 / (163.4 + 1072.8))
=0.125324 / 0.132179
=0.9481

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)
=(281.2 / 3162.9) / (277 / 3085.5)
=0.088906 / 0.089775
=0.9903

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)
=((1132.6 + 851.8) / 3857.9) / ((1126 + 854.7) / 3641)
=0.514373 / 0.543999
=0.9455

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
=(597.8 - 0 - 866.9) / 3857.9
=-0.069753

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.

Geberit AG has a M-score of -2.76 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 -2.76 mean?
Geberit AG (XSWX:GEBN) has a Beneish M-Score of -2.76 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Geberit AG and its competitors. According to the industry distribution chart, Geberit AG ranks #502 out of 1704 companies in the Construction industry, placing it in the top 29.5%.
Is Geberit AG's Beneish M-Score too high?
Geberit AG's current Beneish M-Score is -2.76. Based on the distribution chart, Geberit AG ranks #502 out of 1704 companies in the Construction industry, which is above the industry midpoint. Overall, Geberit AG has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Geberit AG's Beneish M-Score compare to TT and JCI?
According to the Construction industry distribution chart, Geberit AG ranks #502 out of 1704 companies for Beneish M-Score. This puts Geberit 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Geberit AG and its competitors. Geberit AG's current Beneish M-Score is -2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Geberit AG stock overvalued right now?
Based on GuruFocus' analysis, Geberit AG (XSWX:GEBN) is currently considered Fairly Valued. The stock's GF Value™ is CHF554.27, compared to a current price of CHF536.20 — trading 3.3% below its estimated fair value. The current Beneish M-Score is -2.76. Geberit AG's overall GF Score™ is 78/100 with 3 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 Geberit AG (XSWX:GEBN), the current Beneish M-Score is -2.76 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 Geberit AG (XSWX:GEBN) Overvalued in 2026?

Based on GuruFocus' analysis, Geberit AG stock appears to be undervalued. The current stock price of CHF536.20 is trading 3.3% below its estimated GF Value™ of CHF554.27. GuruFocus considers Geberit AG to be Fairly Valued.

Key valuation signals for XSWX:GEBN:

  • Beneish M-Score: -2.76
  • GF Value™: CHF554.27 vs. price of CHF536.20 (3.3% below fair value)
  • GF Score™: 78/100 with 3 warning signs

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


Geberit AG Business Description

Address Schachenstrasse 77, Jona, Rapperswil-Jona, CHE, CH-8645
Geberit is a leading manufacturer of sanitary products, which include flushing systems, piping systems, and bathroom ceramics. Products are primarily sold through the wholesale channel. Geberit has an extensive history in sanitary products, having filed a patent for its first flushing mechanism in 1912. The company generates sales in 50 countries and operates 26 production plants, the majority of which are in Europe. Geberit shares are listed on the SIX Swiss Exchange. The majority of sales are generated from residential and renovation activities.
78GF Score

Get the complete analysis for XSWX:GEBN

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

CHF536.20
Price
CHF554.27
GF Value