Investment AB Oresund (CHIX:ORESS) Beneish M-Score: -0.80 (As of Jun. 26, 2026)


CHIX:ORESS Investment AB Oresund CHIX:ORESS
34 GF Score
Price kr106.20
! 2 Warning Signs
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What is Investment AB Oresund Beneish M-Score?

Investment AB Oresund CHIX:ORESS 34 Beneish M-Score is -0.80 as of Jun. 26, 2026. GuruFocus rates CHIX:ORESS with a GF Score™ of 34/100. The stock has 2 warning signs investors should review. Among 954 Asset Management companies, Investment AB Oresund ranks worse than 80.29% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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.

Warning Sign:

Beneish M-Score -0.8 higher than -1.78, which implies that the company might have manipulated its financial results.

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

CHIX:ORESs' s Beneish M-Score Range Over the Past 10 Years
Min: -3.02   Med: -1.64   Max: -0.8
Current: -0.8

During the past 13 years, the highest Beneish M-Score of Investment AB Oresund was -0.80. The lowest was -3.02. And the median was -1.64.

CHIX:ORESS
34GF Score
Investment AB Oresund CHIX:ORESS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Investment AB Oresund 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 Investment AB Oresund 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+0.528 * 1+0.404 * 1.0012+0.892 * 2.0312+0.115 * 1.3601
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.131798-0.327 * 0.6935
=-0.80

* 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 kr0 Mil.
Revenue was kr857 Mil.
Gross Profit was kr857 Mil.
Total Current Assets was kr0 Mil.
Total Assets was kr5,333 Mil.
Property, Plant and Equipment(Net PPE) was kr15 Mil.
Depreciation, Depletion and Amortization(DDA) was kr0 Mil.
Selling, General, & Admin. Expense(SGA) was kr0 Mil.
Total Current Liabilities was kr0 Mil.
Long-Term Debt & Capital Lease Obligation was kr13 Mil.
Net Income was kr860 Mil.
Gross Profit was kr0 Mil.
Cash Flow from Operations was kr157 Mil.
 Total Receivables was kr0 Mil.
Revenue was kr422 Mil.
Gross Profit was kr422 Mil.
Total Current Assets was kr0 Mil.
Total Assets was kr4,785 Mil.
Property, Plant and Equipment(Net PPE) was kr19 Mil.
Depreciation, Depletion and Amortization(DDA) was kr0 Mil.
Selling, General, & Admin. Expense(SGA) was kr0 Mil.
Total Current Liabilities was kr0 Mil.
Long-Term Debt & Capital Lease Obligation was kr17 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)
=(0 / 857.183) / (0 / 422.013)
=0 / 0
=1

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)
=(422.013 / 422.013) / (857.183 / 857.183)
=1 / 1
=1

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 - (0 + 14.529) / 5332.509) / (1 - (0 + 18.546) / 4784.769)
=0.997275 / 0.996124
=1.0012

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
=857.183 / 422.013
=2.0312

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))
=(0.12 / (0.12 + 18.546)) / (0.069 / (0.069 + 14.529))
=0.006429 / 0.004727
=1.3601

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 / 857.183) / (0 / 422.013)
=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)
=((13.425 + 0) / 5332.509) / ((17.374 + 0) / 4784.769)
=0.002518 / 0.003631
=0.6935

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
=(859.55 - 0 - 156.737) / 5332.509
=0.131798

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.

Investment AB Oresund has a M-score of -0.80 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -0.80 mean?
Investment AB Oresund (CHIX:ORESS) has a Beneish M-Score of -0.80 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Investment AB Oresund and its competitors. According to the industry distribution chart, Investment AB Oresund ranks #766 out of 954 companies in the Asset Management industry, placing it in the top 80.3%.
Is Investment AB Oresund's Beneish M-Score too high?
Investment AB Oresund's current Beneish M-Score is -0.80. Based on the distribution chart, Investment AB Oresund ranks #766 out of 954 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Investment AB Oresund has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Investment AB Oresund's Beneish M-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Investment AB Oresund ranks #766 out of 954 companies for Beneish M-Score. This places Investment AB Oresund 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 Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 Investment AB Oresund and its competitors. Investment AB Oresund's current Beneish M-Score is -0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Investment AB Oresund stock overvalued right now?
Investment AB Oresund (CHIX:ORESS) has a current Beneish M-Score of -0.80. The current Beneish M-Score is -0.80. Investment AB Oresund's overall GF Score™ is 34/100 with 2 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 Investment AB Oresund (CHIX:ORESS), the current Beneish M-Score is -0.80 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.

Investment AB Oresund Business Description

Other Exchanges ORES:Sweden0RGB:UK
Address Norrlandsgatan 15, 6 tr, Box 7621, Stockholm, SWE, 103 94
Investment AB Oresund is an asset management company that invests mainly in c securities. The company is engaged in to make long-term investments in a limited number of companies. The company's portfolio includes such listed companies as Bilia, Fabege, SEB, as well as such unlisted entities as Carnegie and Acne.
34GF Score

Get the complete analysis for CHIX:ORESS

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

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