Dometic Group AB (FRA:D00) Beneish M-Score: -2.74 (As of Jun. 26, 2026)


FRA:D00 Dometic Group AB FRA:D00
71 GF Score
Price €2.32
GF Value €4.20
Valuation Possible Value Trap
! 5 Warning Signs
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What is Dometic Group AB Beneish M-Score?

Dometic Group AB FRA:D00 +0.52% 71 Beneish M-Score is -2.74 as of Jun. 26, 2026. GuruFocus rates FRA:D00 with a GF Score™ of 71/100 and a GF Value™ of €4.20 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 824 Travel & Leisure companies, Dometic Group AB ranks better than 60.92% 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 -2.74 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

FRA:D00' s Beneish M-Score Range Over the Past 10 Years
Min: -3.34   Med: -2.54   Max: -1.88
Current: -2.74

During the past 13 years, the highest Beneish M-Score of Dometic Group AB was -1.88. The lowest was -3.34. And the median was -2.54.


Dometic Group AB Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Dometic Group 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.

Dometic Group AB Beneish M-Score Chart

Dometic Group 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 -2.19 -2.23 -2.94 -3.11 -2.83

Dometic Group AB 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 -3.25 -3.34 -2.96 -2.83 -2.74

FRA:D00 vs AS, HAS, LTH: Beneish M-Score Comparison

For the Leisure subindustry, Dometic Group 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.


Dometic Group AB Beneish M-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Dometic Group AB's Beneish M-Score distribution charts can be found below:

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


FRA:D00
71GF Score
Dometic Group AB FRA:D00
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dometic Group 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 Dometic Group 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 * 1.069+0.528 * 0.9484+0.404 * 0.9904+0.892 * 0.8815+0.115 * 1.7587
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0708+4.679 * -0.052649-0.327 * 1.0048
=-2.73

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was €320 Mil.
Revenue was 486.384 + 372.898 + 444.058 + 569.241 = €1,873 Mil.
Gross Profit was 144.179 + 106.871 + 131.081 + 168.893 = €551 Mil.
Total Current Assets was €1,274 Mil.
Total Assets was €4,448 Mil.
Property, Plant and Equipment(Net PPE) was €331 Mil.
Depreciation, Depletion and Amortization(DDA) was €117 Mil.
Selling, General, & Admin. Expense(SGA) was €292 Mil.
Total Current Liabilities was €890 Mil.
Long-Term Debt & Capital Lease Obligation was €1,176 Mil.
Net Income was 15.783 + -19.665 + 10.272 + 31.599 = €38 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = €0 Mil.
Cash Flow from Operations was 7.706 + 26.557 + 84.176 + 153.729 = €272 Mil.
Total Receivables was €339 Mil.
Revenue was 532.207 + 415.992 + 497.404 + 678.745 = €2,124 Mil.
Gross Profit was 152.633 + 111.627 + 136.264 + 192.32 = €593 Mil.
Total Current Assets was €1,246 Mil.
Total Assets was €4,528 Mil.
Property, Plant and Equipment(Net PPE) was €359 Mil.
Depreciation, Depletion and Amortization(DDA) was €306 Mil.
Selling, General, & Admin. Expense(SGA) was €309 Mil.
Total Current Liabilities was €608 Mil.
Long-Term Debt & Capital Lease Obligation was €1,485 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)
=(319.645 / 1872.581) / (339.225 / 2124.348)
=0.170698 / 0.159684
=1.069

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)
=(592.844 / 2124.348) / (551.024 / 1872.581)
=0.279071 / 0.294259
=0.9484

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 - (1273.845 + 331.343) / 4447.919) / (1 - (1246.442 + 359.4) / 4527.779)
=0.639115 / 0.645336
=0.9904

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
=1872.581 / 2124.348
=0.8815

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))
=(306.06 / (306.06 + 359.4)) / (117.334 / (117.334 + 331.343))
=0.459922 / 0.261511
=1.7587

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)
=(291.687 / 1872.581) / (309.013 / 2124.348)
=0.155767 / 0.145463
=1.0708

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)
=((1175.807 + 890.326) / 4447.919) / ((1484.794 + 608.341) / 4527.779)
=0.464517 / 0.462287
=1.0048

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
=(37.989 - 0 - 272.168) / 4447.919
=-0.052649

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.

Dometic Group AB has a M-score of -2.73 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 -2.74 mean?
Dometic Group AB (FRA:D00) has a Beneish M-Score of -2.74 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Dometic Group AB and its competitors. According to the industry distribution chart, Dometic Group AB ranks #322 out of 824 companies in the Travel & Leisure industry, placing it in the top 39.1%.
Is Dometic Group AB's Beneish M-Score too high?
Dometic Group AB's current Beneish M-Score is -2.74. Based on the distribution chart, Dometic Group AB ranks #322 out of 824 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Dometic Group AB has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dometic Group AB's Beneish M-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Dometic Group AB ranks #322 out of 824 companies for Beneish M-Score. This puts Dometic Group AB 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 Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 Dometic Group AB and its competitors. Dometic Group AB's current Beneish M-Score is -2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dometic Group AB stock overvalued right now?
Based on GuruFocus' analysis, Dometic Group AB (FRA:D00) is currently considered Possible Value Trap. The stock's GF Value™ is €4.20, compared to a current price of €2.32 — trading 44.7% below its estimated fair value. The current Beneish M-Score is -2.74. Dometic Group AB's overall GF Score™ is 71/100 with 5 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 Dometic Group AB (FRA:D00), the current Beneish M-Score is -2.74 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.

Is Dometic Group AB (FRA:D00) Overvalued in 2026?

Based on GuruFocus' analysis, Dometic Group AB stock appears to be undervalued. The current stock price of €2.32 is trading 44.7% below its estimated GF Value™ of €4.20. GuruFocus considers Dometic Group AB to be Possible Value Trap.

Key valuation signals for FRA:D00:

  • Beneish M-Score: -2.74
  • GF Value™: €4.20 vs. price of €2.32 (44.7% below fair value)
  • GF Score™: 71/100 with 5 warning signs

No single metric tells the full story. See the FRA:D00 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dometic Group AB Business Description

Address Hemvarnsgatan 15, 6th Floor, Solna, SWE, SE-171 54
Dometic Group AB provides leisure products for recreational vehicles (RV), marine and commercial and passenger vehicles (CPV) markets. It provides branded solutions for mobile living in the areas of climate, Power & Control, hygiene and sanitation, and food and beverage. It serves the market with a complete range of air conditioners, refrigerators, awnings, cookers, sanitation, lighting, mobile power equipment, windows, doors, and other comfort and safety products that make life away from home more comfortable. The group is organized into four regions, Europe, Middle East and Africa (EMEA), the Americas, Asia Pacific (APAC), and other countries.
71GF Score

Get the complete analysis for FRA:D00

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

€2.32
Price
€4.20
GF Value