EUROKAI GmbH KGaA (LTS:0EDV) Beneish M-Score: -2.78 (As of Jun. 27, 2026)


LTS:0EDV EUROKAI GmbH & Co KGaA LTS:0EDV
50 GF Score
Price €56.00
GF Value €37.04
Valuation Significantly Overvalued
! 4 Warning Signs
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What is EUROKAI GmbH KGaA Beneish M-Score?

EUROKAI GmbH KGaA LTS:0EDV 50 Beneish M-Score is -2.78 as of Jun. 27, 2026. GuruFocus rates LTS:0EDV with a GF Score™ of 50/100 and a GF Value™ of €37.04 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 966 Transportation companies, EUROKAI GmbH KGaA ranks better than 68.94% 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 -2.78 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for EUROKAI GmbH KGaA's Beneish M-Score or its related term are showing as below:

LTS:0EDV' s Beneish M-Score Range Over the Past 10 Years
Min: -3.24   Med: -2.69   Max: -1.74
Current: -2.78

During the past 13 years, the highest Beneish M-Score of EUROKAI GmbH KGaA was -1.74. The lowest was -3.24. And the median was -2.69.


EUROKAI GmbH KGaA Beneish M-Score Historical Data

* Premium members only.

The historical data trend for EUROKAI GmbH KGaA'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.

EUROKAI GmbH KGaA Beneish M-Score Chart

EUROKAI GmbH KGaA 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 -3.24 -2.35 -2.21 -1.74 -2.78

EUROKAI GmbH KGaA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -2.21 0.00 -1.74 0.00 -2.78

EUROKAI GmbH KGaA Beneish M-Score Competitor Comparison

For the Marine Shipping subindustry, EUROKAI GmbH KGaA'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.


EUROKAI GmbH KGaA Beneish M-Score vs Transportation Industry

For the Transportation industry and Industrials sector, EUROKAI GmbH KGaA's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where EUROKAI GmbH KGaA's Beneish M-Score falls into.


LTS:0EDV
50GF Score
EUROKAI GmbH & Co KGaA LTS:0EDV
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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EUROKAI GmbH KGaA 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 EUROKAI GmbH KGaA 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 * 0.5078+0.528 * 0.9539+0.404 * 1.1804+0.892 * 1.1072+0.115 * 0.9106
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9129+4.679 * -0.000503-0.327 * 0.9896
=-2.78

* 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 €103.8 Mil.
Revenue was €279.2 Mil.
Gross Profit was €96.0 Mil.
Total Current Assets was €388.6 Mil.
Total Assets was €1,017.3 Mil.
Property, Plant and Equipment(Net PPE) was €119.8 Mil.
Depreciation, Depletion and Amortization(DDA) was €23.9 Mil.
Selling, General, & Admin. Expense(SGA) was €10.3 Mil.
Total Current Liabilities was €92.8 Mil.
Long-Term Debt & Capital Lease Obligation was €198.1 Mil.
Net Income was €67.3 Mil.
Gross Profit was €0.0 Mil.
Cash Flow from Operations was €67.8 Mil.
Total Receivables was €184.6 Mil.
Revenue was €252.1 Mil.
Gross Profit was €82.7 Mil.
Total Current Assets was €441.9 Mil.
Total Assets was €973.3 Mil.
Property, Plant and Equipment(Net PPE) was €119.0 Mil.
Depreciation, Depletion and Amortization(DDA) was €21.2 Mil.
Selling, General, & Admin. Expense(SGA) was €10.2 Mil.
Total Current Liabilities was €88.8 Mil.
Long-Term Debt & Capital Lease Obligation was €192.5 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)
=(103.808 / 279.173) / (184.63 / 252.143)
=0.371841 / 0.732243
=0.5078

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)
=(82.732 / 252.143) / (96.025 / 279.173)
=0.328115 / 0.343962
=0.9539

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 - (388.645 + 119.763) / 1017.268) / (1 - (441.879 + 118.95) / 973.252)
=0.500222 / 0.423758
=1.1804

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
=279.173 / 252.143
=1.1072

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))
=(21.196 / (21.196 + 118.95)) / (23.853 / (23.853 + 119.763))
=0.151242 / 0.166089
=0.9106

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)
=(10.279 / 279.173) / (10.169 / 252.143)
=0.036819 / 0.04033
=0.9129

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)
=((198.124 + 92.843) / 1017.268) / ((192.517 + 88.793) / 973.252)
=0.286028 / 0.289041
=0.9896

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
=(67.268 - 0 - 67.78) / 1017.268
=-0.000503

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.

EUROKAI GmbH KGaA has a M-score of -2.78 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 -2.78 mean?
EUROKAI GmbH KGaA (LTS:0EDV) has a Beneish M-Score of -2.78 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on EUROKAI GmbH KGaA and its competitors. According to the industry distribution chart, EUROKAI GmbH KGaA ranks #300 out of 966 companies in the Transportation industry, placing it in the top 31.1%.
Is EUROKAI GmbH KGaA's Beneish M-Score too high?
EUROKAI GmbH KGaA's current Beneish M-Score is -2.78. Based on the distribution chart, EUROKAI GmbH KGaA ranks #300 out of 966 companies in the Transportation industry, which is above the industry midpoint. Overall, EUROKAI GmbH KGaA has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does EUROKAI GmbH KGaA's Beneish M-Score compare to competitors?
According to the Transportation industry distribution chart, EUROKAI GmbH KGaA ranks #300 out of 966 companies for Beneish M-Score. This puts EUROKAI GmbH KGaA 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 Transportation company?
A good Beneish M-Score depends on the Transportation 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 EUROKAI GmbH KGaA and its competitors. EUROKAI GmbH KGaA's current Beneish M-Score is -2.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EUROKAI GmbH KGaA stock overvalued right now?
Based on GuruFocus' analysis, EUROKAI GmbH KGaA (LTS:0EDV) is currently considered Significantly Overvalued. The stock's GF Value™ is €37.04, compared to a current price of €56.00 — trading 51.2% above its estimated fair value. The current Beneish M-Score is -2.78. EUROKAI GmbH KGaA's overall GF Score™ is 50/100 with 4 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 EUROKAI GmbH KGaA (LTS:0EDV), the current Beneish M-Score is -2.78 as of Jun. 27, 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 EUROKAI GmbH KGaA (LTS:0EDV) Overvalued in 2026?

Based on GuruFocus' analysis, EUROKAI GmbH KGaA stock appears to be overvalued. The current stock price of €56.00 is trading 51.2% above its estimated GF Value™ of €37.04. GuruFocus considers EUROKAI GmbH KGaA to be Significantly Overvalued.

Key valuation signals for LTS:0EDV:

  • Beneish M-Score: -2.78
  • GF Value™: €37.04 vs. price of €56.00 (51.2% above fair value)
  • GF Score™: 50/100 with 4 warning signs

No single metric tells the full story. See the LTS:0EDV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


EUROKAI GmbH KGaA Business Description

Other Exchanges EUK3:Germany
Address Kurt-Eckelmann-Strasse 1, Hamburg, DEU, 21129
EUROKAI GmbH & Co KGaA is a container handling company, which focuses on the European market. The company operates in three segments: Eurokai includes the EUROKAI business entity, whose focus is on the leasing of operating areas and quay walls in Germany; the Contship Italia Segment comprises the business entities of the Italian CONTSHIP Italia Group; and the Eurogate Segment comprises the proportionate shareholding in the EUROGATE-Group, which generates its revenue in Germany. It operates container terminals at the seaports of La Spezia, Ravenna, and Salerno in Italy; Bremerhaven and Wilhelmshaven in Germany; Tangier in Morocco; Limassol in Cyprus; Lisbon in Portugal; and Ust-Luga in Russia.
50GF Score

Get the complete analysis for LTS:0EDV

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

€56.00
Price
€37.04
GF Value