ALFVY (Alfa Laval AB) Beneish M-Score: -2.32 (As of Aug. 04, 2026)

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ALFVY Alfa Laval AB ALFVY
90 GF Score
Price $59.32
GF Value $49.78
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Alfa Laval AB Beneish M-Score?

Alfa Laval AB ALFVY +0.05% 90 Beneish M-Score is -2.32 as of Aug. 04, 2026. GuruFocus rates ALFVY with a GF Score™ of 90/100 and a GF Value™ of $49.78 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 2,907 Industrial Products companies, Alfa Laval AB ranks worse than 61.58% 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 -2.32 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ALFVY' s Beneish M-Score Range Over the Past 10 Years
Min: -2.99   Med: -2.47   Max: -1.98
Current: -2.32

During the past 13 years, the highest Beneish M-Score of Alfa Laval AB was -1.98. The lowest was -2.99. And the median was -2.47.


Alfa Laval AB Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Alfa Laval AB'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.

Alfa Laval AB Beneish M-Score Chart

Alfa Laval AB 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 -2.35 -2.09 -2.59 -2.73 -2.47

Alfa Laval AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -2.76 -2.45 -2.47 -2.42 -2.32

ALFVY vs GEV, ETN, PH: Beneish M-Score Comparison

For the Specialty Industrial Machinery subindustry, Alfa Laval AB'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.


Alfa Laval AB Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Alfa Laval AB's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Alfa Laval AB's Beneish M-Score falls into.


ALFVY
90GF Score
Alfa Laval AB ALFVY
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Alfa Laval AB 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 Alfa Laval AB 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 * 1.0484+0.528 * 0.9975+0.404 * 1.149+0.892 * 1.1318+0.115 * 0.8899
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0065+4.679 * -0.010265-0.327 * 1.0078
=-2.32

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was $2,475 Mil.
Revenue was 1903.946 + 1708.561 + 2060.15 + 1839.705 = $7,512 Mil.
Gross Profit was 691.188 + 662.967 + 695.54 + 678.14 = $2,728 Mil.
Total Current Assets was $4,930 Mil.
Total Assets was $11,010 Mil.
Property, Plant and Equipment(Net PPE) was $1,779 Mil.
Depreciation, Depletion and Amortization(DDA) was $295 Mil.
Selling, General, & Admin. Expense(SGA) was $1,176 Mil.
Total Current Liabilities was $4,404 Mil.
Long-Term Debt & Capital Lease Obligation was $1,244 Mil.
Net Income was 213.126 + 203.817 + 213.052 + 244.113 = $874 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0 Mil.
Cash Flow from Operations was 253.586 + 132.765 + 365.417 + 235.364 = $987 Mil.
Total Receivables was $2,086 Mil.
Revenue was 1761.484 + 1624.921 + 1666.909 + 1584.417 = $6,638 Mil.
Gross Profit was 661.905 + 597.762 + 573.418 + 571.024 = $2,404 Mil.
Total Current Assets was $4,737 Mil.
Total Assets was $9,527 Mil.
Property, Plant and Equipment(Net PPE) was $1,551 Mil.
Depreciation, Depletion and Amortization(DDA) was $225 Mil.
Selling, General, & Admin. Expense(SGA) was $1,033 Mil.
Total Current Liabilities was $3,551 Mil.
Long-Term Debt & Capital Lease Obligation was $1,298 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)
=(2474.804 / 7512.362) / (2085.733 / 6637.731)
=0.329431 / 0.314224
=1.0484

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)
=(2404.109 / 6637.731) / (2727.835 / 7512.362)
=0.362188 / 0.363113
=0.9975

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 - (4930.167 + 1779.307) / 11010.141) / (1 - (4736.914 + 1551.182) / 9526.612)
=0.39061 / 0.339944
=1.149

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
=7512.362 / 6637.731
=1.1318

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))
=(224.863 / (224.863 + 1551.182)) / (295.145 / (295.145 + 1779.307))
=0.126609 / 0.142276
=0.8899

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)
=(1176.243 / 7512.362) / (1032.632 / 6637.731)
=0.156574 / 0.15557
=1.0065

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)
=((1243.55 + 4403.657) / 11010.141) / ((1297.522 + 3551.036) / 9526.612)
=0.51291 / 0.508949
=1.0078

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
=(874.108 - 0 - 987.132) / 11010.141
=-0.010265

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.

Alfa Laval AB has a M-score of -2.32 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 -2.32 mean?
Alfa Laval AB (ALFVY) has a Beneish M-Score of -2.32 as of Aug. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Alfa Laval AB and its competitors. According to the industry distribution chart, Alfa Laval AB ranks #1790 out of 2907 companies in the Industrial Products industry, placing it in the top 61.6%.
Is Alfa Laval AB's Beneish M-Score too high?
Alfa Laval AB's current Beneish M-Score is -2.32. Based on the distribution chart, Alfa Laval AB ranks #1790 out of 2907 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Alfa Laval AB has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alfa Laval AB's Beneish M-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Alfa Laval AB ranks #1790 out of 2907 companies for Beneish M-Score. This places Alfa Laval AB 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 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 Alfa Laval AB and its competitors. Alfa Laval AB's current Beneish M-Score is -2.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alfa Laval AB stock overvalued right now?
Based on GuruFocus' analysis, Alfa Laval AB (ALFVY) is currently considered Modestly Overvalued. The stock's GF Value™ is $49.78, compared to a current price of $59.32 — trading 19.2% above its estimated fair value. The current Beneish M-Score is -2.32. Alfa Laval AB's overall GF Score™ is 90/100 with 6 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 Alfa Laval AB (ALFVY), the current Beneish M-Score is -2.32 as of Aug. 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.

Is Alfa Laval AB (ALFVY) Overvalued in 2026?

Based on GuruFocus' analysis, Alfa Laval AB stock appears to be overvalued. The current stock price of $59.32 is trading 19.2% above its estimated GF Value™ of $49.78. GuruFocus considers Alfa Laval AB to be Modestly Overvalued.

Key valuation signals for ALFVY:

  • Beneish M-Score: -2.32
  • GF Value™: $49.78 vs. price of $59.32 (19.2% above fair value)
  • GF Score™: 90/100 with 6 warning signs

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


Alfa Laval AB Business Description

Address Rudeboksvagen 1, P.O. Box 73, Lund, SWE, SE-221 00
Alfa Laval is a leading manufacturer of highly engineered equipment, primarily in the areas of separation, heat transfer, and fluid handling, used by a diverse range of customers spanning the food, water, energy, and marine industries. These products play a key role in a number of industrial processes, and Alfa Laval enjoys a leading position in all three areas. Alfa Laval's history stretches back 140 years to when its first separator was developed. The company is listed on the Stockholm stock exchange.
90GF Score

Get the complete analysis for ALFVY

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

$59.32
Price
$49.78
GF Value