Swiss Properties Invest AS (FRA:SR1) Beneish M-Score: -2.68 (As of Jul. 12, 2026)


FRA:SR1 Swiss Properties Invest AS FRA:SR1
29 GF Score
Price €12.90
! 6 Warning Signs
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What is Swiss Properties Invest AS Beneish M-Score?

Swiss Properties Invest AS FRA:SR1 29 Beneish M-Score is -2.68 as of Jul. 12, 2026. GuruFocus rates FRA:SR1 with a GF Score™ of 29/100. The stock has 6 warning signs investors should review. Among 1,685 Real Estate companies, Swiss Properties Invest AS ranks better than 71.39% 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 -2.68 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Swiss Properties Invest AS's Beneish M-Score or its related term are showing as below:

FRA:SR1' s Beneish M-Score Range Over the Past 10 Years
Min: -2.68   Med: -2.68   Max: -2.68
Current: -2.68

During the past 5 years, the highest Beneish M-Score of Swiss Properties Invest AS was -2.68. The lowest was -2.68. And the median was -2.68.

Swiss Properties Invest AS Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Swiss Properties Invest 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.

Swiss Properties Invest AS Beneish M-Score Chart

Swiss Properties Invest AS Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 0.00 -2.68

Swiss Properties Invest AS Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 -2.68

FRA:SR1 vs CBRE, BEKE, JLL: Beneish M-Score Comparison

For the Real Estate Services subindustry, Swiss Properties Invest 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.

Swiss Properties Invest AS Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Swiss Properties Invest AS's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Swiss Properties Invest AS's Beneish M-Score falls into.


FRA:SR1
29GF Score
Swiss Properties Invest AS FRA:SR1
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Swiss Properties Invest AS 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 Swiss Properties Invest 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 * 0.7246+0.528 * 0.7698+0.404 * 0.9907+0.892 * 1.0844+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.019531-0.327 * 0.9563
=-2.68

* 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 €0.10 Mil.
Revenue was €5.14 Mil.
Gross Profit was €3.62 Mil.
Total Current Assets was €1.92 Mil.
Total Assets was €105.93 Mil.
Property, Plant and Equipment(Net PPE) was €0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was €-1.52 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €1.88 Mil.
Long-Term Debt & Capital Lease Obligation was €56.76 Mil.
Net Income was €3.40 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €1.33 Mil.
 Total Receivables was €0.13 Mil.
Revenue was €4.74 Mil.
Gross Profit was €2.57 Mil.
Total Current Assets was €0.91 Mil.
Total Assets was €101.46 Mil.
Property, Plant and Equipment(Net PPE) was €0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was €-8.11 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €2.02 Mil.
Long-Term Debt & Capital Lease Obligation was €56.71 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)
=(0.099 / 5.141) / (0.126 / 4.741)
=0.019257 / 0.026577
=0.7246

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)
=(2.569 / 4.741) / (3.619 / 5.141)
=0.541869 / 0.703949
=0.7698

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 - (1.923 + 0) / 105.934) / (1 - (0.907 + 0) / 101.463)
=0.981847 / 0.991061
=0.9907

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
=5.141 / 4.741
=1.0844

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))
=(-8.106 / (-8.106 + 0)) / (-1.521 / (-1.521 + 0))
=1 / 1
=1

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 / 5.141) / (0 / 4.741)
=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)
=((56.758 + 1.879) / 105.934) / ((56.706 + 2.02) / 101.463)
=0.553524 / 0.578792
=0.9563

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
=(3.403 - 0 - 1.334) / 105.934
=0.019531

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.

Swiss Properties Invest AS has a M-score of -2.68 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 -2.68 mean?
Swiss Properties Invest AS (FRA:SR1) has a Beneish M-Score of -2.68 as of Jul. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Swiss Properties Invest AS and its competitors. According to the industry distribution chart, Swiss Properties Invest AS ranks #482 out of 1685 companies in the Real Estate industry, placing it in the top 28.6%.
Is Swiss Properties Invest AS's Beneish M-Score too high?
Swiss Properties Invest AS's current Beneish M-Score is -2.68. Based on the distribution chart, Swiss Properties Invest AS ranks #482 out of 1685 companies in the Real Estate industry, which is above the industry midpoint. Overall, Swiss Properties Invest AS has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Swiss Properties Invest AS's Beneish M-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Swiss Properties Invest AS ranks #482 out of 1685 companies for Beneish M-Score. This puts Swiss Properties Invest AS 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 Swiss Properties Invest AS and its competitors. Swiss Properties Invest AS's current Beneish M-Score is -2.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swiss Properties Invest AS stock overvalued right now?
Swiss Properties Invest AS (FRA:SR1) has a current Beneish M-Score of -2.68. The current Beneish M-Score is -2.68. Swiss Properties Invest AS's overall GF Score™ is 29/100 with 6 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 Swiss Properties Invest AS (FRA:SR1), the current Beneish M-Score is -2.68 as of Jul. 12, 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.

Swiss Properties Invest AS Business Description

Other Exchanges SWISS:Denmark
Address Schleppegrellsgade 8, kl, Kobenhavn N, DNK, 2200
Swiss Properties Invest AS is the Danish holding company of its wholly owned subsidiary that owns, operates, optimizes, and develops a portfolio of attractive commercial properties for renting out commercial space in selected regions in Switzerland with the purpose of creating shareholder value for its investors.
29GF Score

Get the complete analysis for FRA:SR1

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

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