Komplett ASA (CHIX:KOMPLO) Beneish M-Score: -3.24 (As of Jun. 27, 2026)


CHIX:KOMPLO Komplett ASA CHIX:KOMPLO
59 GF Score
Price kr18.38
GF Value kr31.13
! 3 Warning Signs
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What is Komplett ASA Beneish M-Score?

Komplett ASA CHIX:KOMPLO 59 Beneish M-Score is -3.24 as of Jun. 27, 2026. GuruFocus rates CHIX:KOMPLO with a GF Score™ of 59/100 and a GF Value™ of kr31.13. The stock has 3 warning signs investors should review. Among 1,087 Retail - Cyclical companies, Komplett ASA ranks better than 86.75% 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 -3.24 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

CHIX:KOMPLo' s Beneish M-Score Range Over the Past 10 Years
Min: -3.93   Med: -3.02   Max: -2.01
Current: -3.24

During the past 8 years, the highest Beneish M-Score of Komplett ASA was -2.01. The lowest was -3.93. And the median was -3.02.


Komplett ASA Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Komplett 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.

Komplett ASA Beneish M-Score Chart

Komplett ASA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial -2.01 -2.37 -3.93 -3.34 -3.24

Komplett ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 -3.24 0.00

CHIX:KOMPLO vs AMZN, BABA, PDD: Beneish M-Score Comparison

For the Internet Retail subindustry, Komplett 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.


Komplett ASA Beneish M-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Komplett ASA's Beneish M-Score distribution charts can be found below:

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


CHIX:KOMPLO
59GF Score
Komplett ASA CHIX:KOMPLO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Komplett 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 Komplett 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 * 1.2501+0.528 * 0.9409+0.404 * 0.8564+0.892 * 1.0317+0.115 * 0.9403
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.185011-0.327 * 1.1605
=-3.24

* 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 kr1,095 Mil.
Revenue was kr15,405 Mil.
Gross Profit was kr1,887 Mil.
Total Current Assets was kr4,228 Mil.
Total Assets was kr7,659 Mil.
Property, Plant and Equipment(Net PPE) was kr636 Mil.
Depreciation, Depletion and Amortization(DDA) was kr408 Mil.
Selling, General, & Admin. Expense(SGA) was kr0 Mil.
Total Current Liabilities was kr4,058 Mil.
Long-Term Debt & Capital Lease Obligation was kr1,104 Mil.
Net Income was kr-660 Mil.
Gross Profit was kr0 Mil.
Cash Flow from Operations was kr757 Mil.
Total Receivables was kr849 Mil.
Revenue was kr14,932 Mil.
Gross Profit was kr1,721 Mil.
Total Current Assets was kr3,663 Mil.
Total Assets was kr7,535 Mil.
Property, Plant and Equipment(Net PPE) was kr661 Mil.
Depreciation, Depletion and Amortization(DDA) was kr384 Mil.
Selling, General, & Admin. Expense(SGA) was kr0 Mil.
Total Current Liabilities was kr3,245 Mil.
Long-Term Debt & Capital Lease Obligation was kr1,131 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)
=(1095 / 15405) / (849 / 14932)
=0.071081 / 0.056858
=1.2501

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)
=(1721 / 14932) / (1887 / 15405)
=0.115256 / 0.122493
=0.9409

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 - (4228 + 636) / 7659) / (1 - (3663 + 661) / 7535)
=0.36493 / 0.426145
=0.8564

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
=15405 / 14932
=1.0317

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))
=(384 / (384 + 661)) / (408 / (408 + 636))
=0.367464 / 0.390805
=0.9403

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 / 15405) / (0 / 14932)
=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)
=((1104 + 4058) / 7659) / ((1131 + 3245) / 7535)
=0.673978 / 0.580756
=1.1605

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
=(-660 - 0 - 757) / 7659
=-0.185011

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.

Komplett ASA has a M-score of -3.24 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 -3.24 mean?
Komplett ASA (CHIX:KOMPLO) has a Beneish M-Score of -3.24 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Komplett ASA and its competitors. According to the industry distribution chart, Komplett ASA ranks #144 out of 1087 companies in the Retail - Cyclical industry, placing it in the top 13.2%.
Is Komplett ASA's Beneish M-Score too high?
Komplett ASA's current Beneish M-Score is -3.24. Based on the distribution chart, Komplett ASA ranks #144 out of 1087 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Komplett ASA has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Komplett ASA's Beneish M-Score compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Komplett ASA ranks #144 out of 1087 companies for Beneish M-Score. This places Komplett ASA in the top 13% of its industry — outperforming the majority of peers. 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 Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 Komplett ASA and its competitors. Komplett ASA's current Beneish M-Score is -3.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Komplett ASA stock overvalued right now?
Komplett ASA (CHIX:KOMPLO) has a current Beneish M-Score of -3.24. The stock's GF Value™ is kr31.13, compared to a current price of kr18.38 — trading 41% below its estimated fair value. The current Beneish M-Score is -3.24. Komplett ASA's overall GF Score™ is 59/100 with 3 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 Komplett ASA (CHIX:KOMPLO), the current Beneish M-Score is -3.24 as of Jun. 27, 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 Komplett ASA (CHIX:KOMPLO) Overvalued in 2026?

Based on GuruFocus' analysis, Komplett ASA stock appears to be undervalued. The current stock price of kr18.38 is trading 41% below its estimated GF Value™ of kr31.13.

Key valuation signals for CHIX:KOMPLO:

  • Beneish M-Score: -3.24
  • GF Value™: kr31.13 vs. price of kr18.38 (41% below fair value)
  • GF Score™: 59/100 with 3 warning signs

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


Komplett ASA Business Description

Other Exchanges KOMPL:Norway
Address Ostre Kullerod 4, Sandefjord, NOR, 3241
Komplett ASA is an online retailer of electronic products in Scandinavia, offering one of the market's broadest selections of consumer electronics and business solutions. The business solutions include sales to public and private enterprises, large and small, as well as wholesales to retailers. The business operates in three reporting segments; Business-to-consumer (B2C), Business-to-business (B2B), and Distribution. The company earns a majority of its revenue from the Business-to-consumer segment. Geographically, it operates in Norway, Sweden, and Denmark, out of which it derives a majority of its revenue from Sweden.
59GF Score

Get the complete analysis for CHIX:KOMPLO

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

kr18.38
Price
kr31.13
GF Value