Viromed Medical AG (XTER:VME) Beneish M-Score: 0.85 (As of Jun. 26, 2026) — Near Median


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What is Viromed Medical AG Beneish M-Score?

Viromed Medical AG XTER:VME -2.04% 15 Beneish M-Score is 0.85 as of Jun. 26, 2026, which is at its 10-year median of 0.85. GuruFocus rates XTER:VME with a GF Score™ of 15/100. The stock has 5 warning signs investors should review. Among 766 Medical Devices & Instruments companies, Viromed Medical AG ranks worse than 95.3% 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 0.85 higher than -1.78, which implies that the company might have manipulated its financial results.

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

XTER:VME' s Beneish M-Score Range Over the Past 10 Years
Min: 0.85   Med: 0.85   Max: 0.85
Current: 0.85

During the past 5 years, the highest Beneish M-Score of Viromed Medical AG was 0.85. The lowest was 0.85. And the median was 0.85.


Viromed Medical AG Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Viromed Medical 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.

Viromed Medical AG Beneish M-Score Chart

Viromed Medical AG Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 0.00 0.85

Viromed Medical AG Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.85

XTER:VME vs ABT, SYK, MDT: Beneish M-Score Comparison

For the Medical Devices subindustry, Viromed Medical 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.


Viromed Medical AG Beneish M-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Viromed Medical AG's Beneish M-Score distribution charts can be found below:

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


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Viromed Medical 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 Viromed Medical 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 * 1.3076+0.528 * -0.5699+0.404 * 1.6949+0.892 * 4.5218+0.115 * 2.3366
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.043481-0.327 * 0.6986
=0.85

* 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 €1.22 Mil.
Revenue was €5.09 Mil.
Gross Profit was €2.29 Mil.
Total Current Assets was €5.68 Mil.
Total Assets was €13.91 Mil.
Property, Plant and Equipment(Net PPE) was €1.27 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.52 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €2.07 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Net Income was €0.61 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €0.00 Mil.
Total Receivables was €0.21 Mil.
Revenue was €1.13 Mil.
Gross Profit was €-0.29 Mil.
Total Current Assets was €9.33 Mil.
Total Assets was €13.40 Mil.
Property, Plant and Equipment(Net PPE) was €0.12 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.25 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €2.86 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)
=(1.218 / 5.087) / (0.206 / 1.125)
=0.239434 / 0.183111
=1.3076

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)
=(-0.288 / 1.125) / (2.285 / 5.087)
=-0.256 / 0.449184
=-0.5699

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 - (5.682 + 1.274) / 13.914) / (1 - (9.326 + 0.119) / 13.398)
=0.500072 / 0.295044
=1.6949

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
=5.087 / 1.125
=4.5218

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))
=(0.254 / (0.254 + 0.119)) / (0.524 / (0.524 + 1.274))
=0.680965 / 0.291435
=2.3366

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 / 5.087) / (0 / 1.125)
=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 + 2.072) / 13.914) / ((0 + 2.856) / 13.398)
=0.148915 / 0.213166
=0.6986

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
=(0.605 - 0 - 0) / 13.914
=0.043481

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.

Viromed Medical AG has a M-score of 0.85 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 0.85 mean?
Viromed Medical AG (XTER:VME) has a Beneish M-Score of 0.85 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Viromed Medical AG and its competitors. This is near median its historical median of 0.85. Over the past decade, Viromed Medical AG's Beneish M-Score has ranged from 0.85 to 0.85. According to the industry distribution chart, Viromed Medical AG ranks #730 out of 766 companies in the Medical Devices & Instruments industry, placing it in the top 95.3%.
Is Viromed Medical AG's Beneish M-Score too high?
Viromed Medical AG's current Beneish M-Score of 0.85 is near median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 0.85. Based on the distribution chart, Viromed Medical AG ranks #730 out of 766 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Viromed Medical AG has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Viromed Medical AG's Beneish M-Score compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Viromed Medical AG ranks #730 out of 766 companies for Beneish M-Score. This places Viromed Medical AG in the lower half of its industry. Historically, Viromed Medical AG's own Beneish M-Score has ranged from 0.85 to 0.85 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 a Medical Devices & Instruments company?
A good Beneish M-Score depends on the Medical Devices & Instruments 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 Viromed Medical AG and its competitors. Viromed Medical AG's current Beneish M-Score is 0.85, which is near median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viromed Medical AG stock overvalued right now?
Viromed Medical AG (XTER:VME) has a current Beneish M-Score of 0.85. The current Beneish M-Score is 0.85, which is near median its 10-year median of 0.85. Viromed Medical AG's overall GF Score™ is 15/100 with 5 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 Viromed Medical AG (XTER:VME), the current Beneish M-Score is 0.85 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.

Viromed Medical AG Business Description

Address Hauptstrasse 105, Rellingen, Pinneberg, SH, DEU, 25462
Viromed Medical AG is a medical technology company. It focuses on using cold plasma technology to develop medical solutions that protect people from viruses, bacteria, and multi-resistant germs. Viromed's product offerings include ViroCAP, a medical device based on cold plasma technology for treating wounds; ViroCAP derma-podo, a medical device that uses cold atmospheric plasma therapy for skin and foot care; and a Raumluftentkeimer. The company covers the entire value chain from research and development to production, logistics, marketing, and sales of its products.
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