ONE TECH HOLDING (XTUN:OTH) Beneish M-Score: -2.64 (As of Jun. 26, 2026)


XTUN:OTH ONE TECH HOLDING SA XTUN:OTH
91 GF Score
Price TND11.36
GF Value TND8.73
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is ONE TECH HOLDING Beneish M-Score?

ONE TECH HOLDING XTUN:OTH 91 Beneish M-Score is -2.64 as of Jun. 26, 2026. GuruFocus rates XTUN:OTH with a GF Score™ of 91/100 and a GF Value™ of TND8.73 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 2,926 Industrial Products companies, ONE TECH HOLDING ranks better than 67.33% 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 -2.64 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XTUN:OTH' s Beneish M-Score Range Over the Past 10 Years
Min: -2.76   Med: -2.65   Max: -2.41
Current: -2.64

During the past 8 years, the highest Beneish M-Score of ONE TECH HOLDING was -2.41. The lowest was -2.76. And the median was -2.65.

ONE TECH HOLDING Beneish M-Score Historical Data

* Premium members only.

The historical data trend for ONE TECH HOLDING'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.

ONE TECH HOLDING Beneish M-Score Chart

ONE TECH HOLDING Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Beneish M-Score
Get a 7-Day Free Trial -2.41 -2.66 -2.48 -2.72 -2.64

ONE TECH HOLDING Semi-Annual Data
Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Beneish M-Score Get a 7-Day Free Trial -2.41 -2.66 -2.48 -2.72 -2.64

XTUN:OTH vs VRT, BE, NVT: Beneish M-Score Comparison

For the Electrical Equipment & Parts subindustry, ONE TECH HOLDING'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.

ONE TECH HOLDING Beneish M-Score vs Industrial Products Industry

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

* The bar in red indicates where ONE TECH HOLDING's Beneish M-Score falls into.


XTUN:OTH
91GF Score
ONE TECH HOLDING SA XTUN:OTH
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ONE TECH HOLDING 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 ONE TECH HOLDING 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 * 1.0108+0.528 * 0.9213+0.404 * 1.0387+0.892 * 0.9488+0.115 * 0.8559
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8215+4.679 * -0.031642-0.327 * 0.9033
=-2.64

* 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 (Dec24) TTM:Last Year (Dec23) TTM:
Total Receivables was TND232 Mil.
Revenue was TND1,048 Mil.
Gross Profit was TND272 Mil.
Total Current Assets was TND514 Mil.
Total Assets was TND751 Mil.
Property, Plant and Equipment(Net PPE) was TND193 Mil.
Depreciation, Depletion and Amortization(DDA) was TND42 Mil.
Selling, General, & Admin. Expense(SGA) was TND6 Mil.
Total Current Liabilities was TND243 Mil.
Long-Term Debt & Capital Lease Obligation was TND52 Mil.
Net Income was TND30 Mil.
Gross Profit was TND0 Mil.
Cash Flow from Operations was TND54 Mil.
 Total Receivables was TND242 Mil.
Revenue was TND1,105 Mil.
Gross Profit was TND264 Mil.
Total Current Assets was TND551 Mil.
Total Assets was TND798 Mil.
Property, Plant and Equipment(Net PPE) was TND201 Mil.
Depreciation, Depletion and Amortization(DDA) was TND37 Mil.
Selling, General, & Admin. Expense(SGA) was TND8 Mil.
Total Current Liabilities was TND272 Mil.
Long-Term Debt & Capital Lease Obligation was TND75 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)
=(232.4 / 1048.029) / (242.31 / 1104.531)
=0.22175 / 0.219378
=1.0108

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)
=(263.922 / 1104.531) / (271.803 / 1048.029)
=0.238945 / 0.259347
=0.9213

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 - (514.178 + 192.525) / 751.031) / (1 - (551.389 + 200.988) / 797.704)
=0.059023 / 0.056822
=1.0387

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
=1048.029 / 1104.531
=0.9488

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))
=(36.505 / (36.505 + 200.988)) / (42.146 / (42.146 + 192.525))
=0.15371 / 0.179596
=0.8559

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)
=(6.033 / 1048.029) / (7.741 / 1104.531)
=0.005757 / 0.007008
=0.8215

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)
=((51.636 + 242.788) / 751.031) / ((74.652 + 271.528) / 797.704)
=0.392026 / 0.43397
=0.9033

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
=(30.198 - 0 - 53.962) / 751.031
=-0.031642

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.

ONE TECH HOLDING has a M-score of -2.64 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 -2.64 mean?
ONE TECH HOLDING (XTUN:OTH) has a Beneish M-Score of -2.64 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on ONE TECH HOLDING and its competitors. According to the industry distribution chart, ONE TECH HOLDING ranks #956 out of 2926 companies in the Industrial Products industry, placing it in the top 32.7%.
Is ONE TECH HOLDING's Beneish M-Score too high?
ONE TECH HOLDING's current Beneish M-Score is -2.64. Based on the distribution chart, ONE TECH HOLDING ranks #956 out of 2926 companies in the Industrial Products industry, which is above the industry midpoint. Overall, ONE TECH HOLDING has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ONE TECH HOLDING's Beneish M-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, ONE TECH HOLDING ranks #956 out of 2926 companies for Beneish M-Score. This puts ONE TECH HOLDING 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 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 ONE TECH HOLDING and its competitors. ONE TECH HOLDING's current Beneish M-Score is -2.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ONE TECH HOLDING stock overvalued right now?
Based on GuruFocus' analysis, ONE TECH HOLDING (XTUN:OTH) is currently considered Modestly Overvalued. The stock's GF Value™ is TND8.73, compared to a current price of TND11.36 — trading 30.1% above its estimated fair value. The current Beneish M-Score is -2.64. ONE TECH HOLDING's overall GF Score™ is 91/100 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 ONE TECH HOLDING (XTUN:OTH), the current Beneish M-Score is -2.64 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.

Is ONE TECH HOLDING (XTUN:OTH) Overvalued in 2026?

Based on GuruFocus' analysis, ONE TECH HOLDING stock appears to be overvalued. The current stock price of TND11.36 is trading 30.1% above its estimated GF Value™ of TND8.73. GuruFocus considers ONE TECH HOLDING to be Modestly Overvalued.

Key valuation signals for XTUN:OTH:

  • Beneish M-Score: -2.64
  • GF Value™: TND8.73 vs. price of TND11.36 (30.1% above fair value)
  • GF Score™: 91/100 with 7 warning signs

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

ONE TECH HOLDING Business Description

Address 16, rue des Entrepreneurs, Z.I. Charguia II, Ariana, Tunis, TUN, 2035
ONE TECH HOLDING SA is engaged in providing engineering, design, production, installation, and training solutions for cables, mechatronics, and ICT.
91GF Score

Get the complete analysis for XTUN:OTH

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

TND11.36
Price
TND8.73
GF Value