Vestum ABFRA:W0S +1.02%33 Beneish M-Score is -2.90 as of Jul. 11, 2026. GuruFocus rates FRA:W0S with a GF Score™ of 33/100 and a GF Value™ of €0.76 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,700 Construction companies, Vestum AB ranks better than 78.12% 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 -2.9 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Vestum AB's Beneish M-Score or its related term are showing as below:
FRA:W0S'
s Beneish M-Score Range Over the Past 10 Years
Min: -12.33 Med: -3.01 Max: 94.35
Current: -2.9
During the past 13 years, the highest Beneish M-Score of Vestum AB was 94.35. The lowest was -12.33. And the median was -3.01.
Vestum AB Beneish M-Score Related Terms
Vestum AB Beneish M-Score Historical Data
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The historical data trend for Vestum 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.
FRA:W0S vs PWR, FIX, EME: Beneish M-Score Comparison
For the Engineering & Construction subindustry, Vestum 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.
Vestum AB Beneish M-Score vs Construction Industry
For the Construction industry and Industrials sector, Vestum AB's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Vestum AB'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 Vestum 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 * 0.9626
+
0.528 * 0.9509
+
0.404 * 1.0851
+
0.892 * 0.94
+
0.115 * 1.0509
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.066715
-
0.327 * 0.9594
=
-2.85
* 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))
=
(40.686 / (40.686 + 57.813))
/
(42.73 / (42.73 + 65.979))
=
0.41306
/
0.393068
=
1.0509
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
=
(-12.589 - 0
-
28.854)
/
621.191
=
-0.066715
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.
Vestum AB has a M-score of -2.85 suggests that the company is unlikely to be a manipulator.
Vestum AB (FRA:W0S) has a Beneish M-Score of -2.90 as of Jul. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Vestum AB and its competitors. According to the industry distribution chart, Vestum AB ranks #372 out of 1700 companies in the Construction industry, placing it in the top 21.9%.
Is Vestum AB's Beneish M-Score too high?
Vestum AB's current Beneish M-Score is -2.90. Based on the distribution chart, Vestum AB ranks #372 out of 1700 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Vestum AB has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vestum AB's Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Vestum AB ranks #372 out of 1700 companies for Beneish M-Score. This places Vestum AB 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Vestum AB and its competitors. Vestum AB's current Beneish M-Score is -2.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vestum AB stock overvalued right now?
Based on GuruFocus' analysis, Vestum AB (FRA:W0S) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.76, compared to a current price of €1.39 — trading 83.2% above its estimated fair value. The current Beneish M-Score is -2.90. Vestum AB's overall GF Score™ is 33/100 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 Vestum AB (FRA:W0S), the current Beneish M-Score is -2.90 as of Jul. 11, 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 Vestum AB (FRA:W0S) Overvalued in 2026?
Based on GuruFocus' analysis, Vestum AB stock appears to be overvalued.
The current stock price of €1.39 is trading 83.2% above its estimated GF Value™ of €0.76.
GuruFocus considers Vestum AB to be Significantly Overvalued.
Key valuation signals for FRA:W0S:
Beneish M-Score: -2.90
GF Value™: €0.76 vs. price of €1.39 (83.2% above fair value)
No single metric tells the full story. See the FRA:W0S stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vestum AB provides services and products to the infrastructure sector. The group develops and acquires specialist companies that operate within critical infrastructure. The business model is built on combining local presence with technical expertise and offerings that support modernisation and long-term sustainable development in the Nordic region and the United Kingdom. By focusing on structurally attractive markets where the need for renovation, energy efficiency, safety, and robust systems is increasing, and create value for both customers and society. Vestum's business model is based on decentralised governance, powerful industry and customer focus, and entrepreneurial drive. The group is developing and constructing a climate-adapted and more sustainable.
33GF Score
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