AKRYY (Aker Solutions ASA) Beneish M-Score: -2.39 (As of Jun. 25, 2026)


AKRYY Aker Solutions ASA AKRYY
81 GF Score
Price $9.60
GF Value $12.79
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Aker Solutions ASA Beneish M-Score?

Aker Solutions ASA AKRYY +1.64% 81 Beneish M-Score is -2.39 as of Jun. 25, 2026. GuruFocus rates AKRYY with a GF Score™ of 81/100 and a GF Value™ of $12.79 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 822 Oil & Gas companies, Aker Solutions ASA ranks worse than 68.25% 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 -2.39 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

AKRYY' s Beneish M-Score Range Over the Past 10 Years
Min: -3.07   Med: -2.54   Max: -1.6
Current: -2.39

During the past 13 years, the highest Beneish M-Score of Aker Solutions ASA was -1.60. The lowest was -3.07. And the median was -2.54.


Aker Solutions ASA Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Aker Solutions ASA'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.

Aker Solutions ASA Beneish M-Score Chart

Aker Solutions ASA 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 -2.71 -2.76 -1.60 -2.26 -2.39

Aker Solutions ASA 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 -1.60 0.00 -2.26 0.00 -2.39

AKRYY vs SLB, BKR, HAL: Beneish M-Score Comparison

For the Oil & Gas Equipment & Services subindustry, Aker Solutions ASA'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.


Aker Solutions ASA Beneish M-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Aker Solutions ASA's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Aker Solutions ASA's Beneish M-Score falls into.


AKRYY
81GF Score
Aker Solutions ASA AKRYY
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aker Solutions ASA 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 Aker Solutions ASA 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 * 0.974+0.528 * 1.0639+0.404 * 0.8473+0.892 * 1.3229+0.115 * 0.8208
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9854+4.679 * -0.001747-0.327 * 1.0088
=-2.27

* 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 $1,295 Mil.
Revenue was $6,154 Mil.
Gross Profit was $2,059 Mil.
Total Current Assets was $2,130 Mil.
Total Assets was $3,795 Mil.
Property, Plant and Equipment(Net PPE) was $532 Mil.
Depreciation, Depletion and Amortization(DDA) was $145 Mil.
Selling, General, & Admin. Expense(SGA) was $85 Mil.
Total Current Liabilities was $2,269 Mil.
Long-Term Debt & Capital Lease Obligation was $249 Mil.
Net Income was $252 Mil.
Gross Profit was $0 Mil.
Cash Flow from Operations was $259 Mil.
Total Receivables was $1,005 Mil.
Revenue was $4,652 Mil.
Gross Profit was $1,656 Mil.
Total Current Assets was $1,593 Mil.
Total Assets was $3,222 Mil.
Property, Plant and Equipment(Net PPE) was $494 Mil.
Depreciation, Depletion and Amortization(DDA) was $105 Mil.
Selling, General, & Admin. Expense(SGA) was $66 Mil.
Total Current Liabilities was $1,885 Mil.
Long-Term Debt & Capital Lease Obligation was $235 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)
=(1294.561 / 6154.409) / (1004.777 / 4652.33)
=0.210347 / 0.215973
=0.974

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)
=(1656.18 / 4652.33) / (2059.385 / 6154.409)
=0.355989 / 0.334619
=1.0639

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 - (2129.931 + 532.31) / 3794.536) / (1 - (1593.17 + 494.457) / 3222.434)
=0.298401 / 0.352158
=0.8473

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
=6154.409 / 4652.33
=1.3229

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))
=(105.166 / (105.166 + 494.457)) / (144.654 / (144.654 + 532.31))
=0.175387 / 0.21368
=0.8208

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)
=(85.387 / 6154.409) / (65.506 / 4652.33)
=0.013874 / 0.01408
=0.9854

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)
=((249.335 + 2268.549) / 3794.536) / ((235.018 + 1884.603) / 3222.434)
=0.663555 / 0.65777
=1.0088

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
=(252.006 - 0 - 258.635) / 3794.536
=-0.001747

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.

Aker Solutions ASA has a M-score of -2.27 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 -2.39 mean?
Aker Solutions ASA (AKRYY) has a Beneish M-Score of -2.39 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Aker Solutions ASA and its competitors. According to the industry distribution chart, Aker Solutions ASA ranks #561 out of 822 companies in the Oil & Gas industry, placing it in the top 68.2%.
Is Aker Solutions ASA's Beneish M-Score too high?
Aker Solutions ASA's current Beneish M-Score is -2.39. Based on the distribution chart, Aker Solutions ASA ranks #561 out of 822 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Aker Solutions ASA has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aker Solutions ASA's Beneish M-Score compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Aker Solutions ASA ranks #561 out of 822 companies for Beneish M-Score. This places Aker Solutions ASA in the lower 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 Oil & Gas company?
A good Beneish M-Score depends on the Oil & Gas 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 Aker Solutions ASA and its competitors. Aker Solutions ASA's current Beneish M-Score is -2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aker Solutions ASA stock overvalued right now?
Based on GuruFocus' analysis, Aker Solutions ASA (AKRYY) is currently considered Modestly Undervalued. The stock's GF Value™ is $12.79, compared to a current price of $9.60 — trading 24.9% below its estimated fair value. The current Beneish M-Score is -2.39. Aker Solutions ASA's overall GF Score™ is 81/100 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 Aker Solutions ASA (AKRYY), the current Beneish M-Score is -2.39 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 Aker Solutions ASA (AKRYY) Overvalued in 2026?

Based on GuruFocus' analysis, Aker Solutions ASA stock appears to be undervalued. The current stock price of $9.60 is trading 24.9% below its estimated GF Value™ of $12.79. GuruFocus considers Aker Solutions ASA to be Modestly Undervalued.

Key valuation signals for AKRYY:

  • Beneish M-Score: -2.39
  • GF Value™: $12.79 vs. price of $9.60 (24.9% below fair value)
  • GF Score™: 81/100 with 7 warning signs

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


Aker Solutions ASA Business Description

Industry EnergyOil & Gas
Address Oksenoyveien 8, Lysaker, Fornebu, NOR, 1366
Aker Solutions ASA is a provider of equipment, systems, and services to the renewable and oil and gas energy sectors. The company has two reportable segments: Renewables and Field Development, and Life Cycle. The Renewables and Field Development segment focuses on designing and delivering integrated solutions for offshore and onshore facilities, including renewable energy and carbon capture projects. The Life Cycle segment provides maintenance, modification, and asset integrity services, along with decommissioning and electrification solutions to extend the operational life of energy assets. It generates the majority of its revenue from the Renewables and Field Development segment.
81GF Score

Get the complete analysis for AKRYY

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

$9.60
Price
$12.79
GF Value