Fastighets AB BalderBALDF 72 Beneish M-Score is -2.46 as of Jun. 25, 2026. GuruFocus rates BALDF with a GF Score™ of 72/100 and a GF Value™ of $6.78 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,682 Real Estate companies, Fastighets AB Balder ranks better than 57.07% 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 -2.46 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Fastighets AB Balder's Beneish M-Score or its related term are showing as below:
BALDF'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.8 Med: -2.19 Max: -1.11
Current: -2.46
During the past 13 years, the highest Beneish M-Score of Fastighets AB Balder was -1.11. The lowest was -2.80. And the median was -2.19.
Fastighets AB Balder Beneish M-Score Related Terms
Fastighets AB Balder Beneish M-Score Historical Data
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The historical data trend for Fastighets AB Balder'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.
Fastighets AB Balder Beneish M-Score Competitor Comparison
For the Real Estate - Diversified subindustry, Fastighets AB Balder'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.
Fastighets AB Balder Beneish M-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Fastighets AB Balder's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Fastighets AB Balder's Beneish M-Score falls into.
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 Fastighets AB Balder 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 * 0.9427
+
0.528 * 0.9955
+
0.404 * 0.9628
+
0.892 * 1.1645
+
0.115 * 0.9089
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0352
+
4.679 * 0.011306
-
0.327 * 1.0192
=
-2.37
* 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.
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.
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))
=
(9.189 / (9.189 + 283.436))
/
(10.021 / (10.021 + 280.02))
=
0.031402
/
0.03455
=
0.9089
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
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
=
(751.699 - 0
-
405.677)
/
30606.513
=
0.011306
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.
Fastighets AB Balder has a M-score of -2.37 suggests that the company is unlikely to be a manipulator.
Fastighets AB Balder (BALDF) has a Beneish M-Score of -2.46 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Fastighets AB Balder and its competitors. According to the industry distribution chart, Fastighets AB Balder ranks #722 out of 1682 companies in the Real Estate industry, placing it in the top 42.9%.
Is Fastighets AB Balder's Beneish M-Score too high?
Fastighets AB Balder's current Beneish M-Score is -2.46. Based on the distribution chart, Fastighets AB Balder ranks #722 out of 1682 companies in the Real Estate industry, which is above the industry midpoint. Overall, Fastighets AB Balder has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fastighets AB Balder's Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, Fastighets AB Balder ranks #722 out of 1682 companies for Beneish M-Score. This puts Fastighets AB Balder 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Fastighets AB Balder and its competitors. Fastighets AB Balder's current Beneish M-Score is -2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fastighets AB Balder stock overvalued right now?
Based on GuruFocus' analysis, Fastighets AB Balder (BALDF) is currently considered Modestly Undervalued. The stock's GF Value™ is $6.78, compared to a current price of $5.42 — trading 20.1% below its estimated fair value. The current Beneish M-Score is -2.46. Fastighets AB Balder's overall GF Score™ is 72/100 with 8 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 Fastighets AB Balder (BALDF), the current Beneish M-Score is -2.46 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 Fastighets AB Balder (BALDF) Overvalued in 2026?
Based on GuruFocus' analysis, Fastighets AB Balder stock appears to be undervalued.
The current stock price of $5.42 is trading 20.1% below its estimated GF Value™ of $6.78.
GuruFocus considers Fastighets AB Balder to be Modestly Undervalued.
Key valuation signals for BALDF:
Beneish M-Score: -2.46
GF Value™: $6.78 vs. price of $5.42 (20.1% below fair value)
No single metric tells the full story. See the BALDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fastighets AB Balder is engaged in acquiring, developing, and managing residential properties and commercial properties based on local presence and creating customer value by meeting the needs of different customer groups for commercial premises and housing in Sweden, Denmark, Finland, Norway, Germany, and the UK. The company's property portfolio contains a wide variety of commercial space, ranging from office, retail, and warehouse space, out of which Residential properties constitute the majority portion of the company's portfolio. The Group's business segments are; Helsinki, which derives key income, Stockholm, Gothenburg, Copenhagen, South, East, and North. The company generates revenue through income earned on the rents of its properties and on the management of its real estate.
72GF Score
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