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 -2.89 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Bang & Olufsen AS's Beneish M-Score or its related term are showing as below:
FRA:BUOB'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.25 Med: -2.88 Max: -1.02
Current: -2.89
During the past 13 years, the highest Beneish M-Score of Bang & Olufsen AS was -1.02. The lowest was -4.25. And the median was -2.88.
Bang & Olufsen AS Beneish M-Score Related Terms
Bang & Olufsen AS Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Bang & Olufsen AS'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.
For the Consumer Electronics subindustry, Bang & Olufsen AS'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.
Bang & Olufsen AS Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Bang & Olufsen AS's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Bang & Olufsen AS'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 Bang & Olufsen AS 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 * 1.1453
+
0.528 * 0.9689
+
0.404 * 1.0473
+
0.892 * 0.9864
+
0.115 * 0.97
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9882
+
4.679 * -0.121795
-
0.327 * 0.8731
=
-2.89
* 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))
=
(31.366 / (31.366 + 47.72))
/
(32.168 / (32.168 + 46.51))
=
0.396606
/
0.408856
=
0.97
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
=
(-3.887 - 0
-
34.313)
/
313.641
=
-0.121795
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.
Bang & Olufsen AS has a M-score of -2.89 suggests that the company is unlikely to be a manipulator.
Bang & Olufsen AS (FRA:BUOB) has a Beneish M-Score of -2.89 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bang & Olufsen AS and its competitors. According to the industry distribution chart, Bang & Olufsen AS ranks #521 out of 2403 companies in the Hardware industry, placing it in the top 21.7%.
Is Bang & Olufsen AS's Beneish M-Score too high?
Bang & Olufsen AS's current Beneish M-Score is -2.89. Based on the distribution chart, Bang & Olufsen AS ranks #521 out of 2403 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Bang & Olufsen AS has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bang & Olufsen AS's Beneish M-Score compare to AAPL?
According to the Hardware industry distribution chart, Bang & Olufsen AS ranks #521 out of 2403 companies for Beneish M-Score. This places Bang & Olufsen AS in the top 22% 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 Bang & Olufsen AS and its competitors. Bang & Olufsen AS's current Beneish M-Score is -2.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bang & Olufsen AS stock overvalued right now?
Based on GuruFocus' analysis, Bang & Olufsen AS (FRA:BUOB) is currently considered Fairly Valued. The stock's GF Value™ is €1.19, compared to a current price of €1.14 — trading 4.4% below its estimated fair value. The current Beneish M-Score is -2.89. Bang & Olufsen AS's overall GF Score™ is 55/100 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 Bang & Olufsen AS (FRA:BUOB), the current Beneish M-Score is -2.89 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 Bang & Olufsen AS (FRA:BUOB) Overvalued in 2026?
Based on GuruFocus' analysis, Bang & Olufsen AS stock appears to be undervalued.
The current stock price of €1.14 is trading 4.4% below its estimated GF Value™ of €1.19.
GuruFocus considers Bang & Olufsen AS to be Fairly Valued.
Key valuation signals for FRA:BUOB:
Beneish M-Score: -2.89
GF Value™: €1.19 vs. price of €1.14 (4.4% below fair value)
No single metric tells the full story. See the FRA:BUOB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bang & Olufsen AS designs, develops, and markets audio and video products including music systems, loudspeakers, television sets, headphones, other multimedia products, and related accessories. Its operating segments include EMEA, which is the company's key revenue-generating segment, followed by the Americas and Asia-Pacific (APAC). The company generates maximum revenue from the Staged product category, followed by On-the-go, Flexible Living, and Brand Partnering and other activities.
55GF Score
Get the complete analysis for FRA:BUOB
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:BUOB has been successfully added to your 
