Traction AB (LTS:0GOS) Beneish M-Score: 0.00 (As of Jun. 25, 2026)


LTS:0GOS Traction AB LTS:0GOS
43 GF Score
Price kr251.00
GF Value kr54.71
! 4 Warning Signs
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What is Traction AB Beneish M-Score?

Traction AB LTS:0GOS 43 Beneish M-Score is 0.00 as of Jun. 25, 2026. GuruFocus rates LTS:0GOS with a GF Score™ of 43/100 and a GF Value™ of kr54.71. The stock has 4 warning signs investors should review. Among 955 Asset Management companies, Traction AB ranks worse than 104711.94% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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.

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

During the past 13 years, the highest Beneish M-Score of Traction AB was 0.00. The lowest was 0.00. And the median was 0.00.

LTS:0GOS
43GF Score
Traction AB LTS:0GOS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Traction 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 Traction 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 kr0.00 Mil.
Revenue was -98.3 + 161.9 + -58.3 + 44.9 = kr50.20 Mil.
Gross Profit was -98.3 + 161.9 + -58.3 + 44.9 = kr50.20 Mil.
Total Current Assets was kr0.00 Mil.
Total Assets was kr4,209.10 Mil.
Property, Plant and Equipment(Net PPE) was kr0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was kr0.00 Mil.
Selling, General, & Admin. Expense(SGA) was kr16.80 Mil.
Total Current Liabilities was kr0.00 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.
Net Income was -103.4 + 156.4 + -61.6 + 41.6 = kr33.00 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = kr0.00 Mil.
Cash Flow from Operations was 31.7 + 19.4 + 16.1 + 68.1 = kr135.30 Mil.
 Total Receivables was kr0.00 Mil.
Revenue was 62.5 + 127.7 + 13.8 + 218.1 = kr422.10 Mil.
Gross Profit was 62.5 + 127.7 + 13.8 + 218.1 = kr422.10 Mil.
Total Current Assets was kr0.00 Mil.
Total Assets was kr4,308.20 Mil.
Property, Plant and Equipment(Net PPE) was kr0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was kr0.00 Mil.
Selling, General, & Admin. Expense(SGA) was kr11.90 Mil.
Total Current Liabilities was kr0.00 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.00 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 / 50.2) / (0 / 422.1)
=0 / 0
=

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)
=(422.1 / 422.1) / (50.2 / 50.2)
=1 / 1
=

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 - (0 + 0) / 4209.1) / (1 - (0 + 0) / 4308.2)
=1 / 1
=

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
=50.2 / 422.1
=

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))
=(0 / (0 + 0)) / (0 / (0 + 0))
= /
=

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)
=(16.8 / 50.2) / (11.9 / 422.1)
=0.334661 / 0.028192
=

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)
=((0 + 0) / 4209.1) / ((0 + 0) / 4308.2)
=0 / 0
=

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
=(33 - 0 - 135.3) / 4209.1
=-0.024304

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Traction AB (LTS:0GOS) has a Beneish M-Score of 0.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Traction AB and its competitors. According to the industry distribution chart, Traction AB ranks #999999 out of 955 companies in the Asset Management industry.
Is Traction AB's Beneish M-Score too high?
Traction AB's current Beneish M-Score is 0.00. Based on the distribution chart, Traction AB ranks #999999 out of 955 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Traction AB has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Traction AB's Beneish M-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Traction AB ranks #999999 out of 955 companies for Beneish M-Score. This places Traction AB in the lower 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 an Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 Traction AB and its competitors. Traction AB's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Traction AB stock overvalued right now?
Traction AB (LTS:0GOS) has a current Beneish M-Score of 0.00. The stock's GF Value™ is kr54.71, compared to a current price of kr251.00 — trading 358.8% above its estimated fair value. The current Beneish M-Score is 0.00. Traction AB's overall GF Score™ is 43/100 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 Traction AB (LTS:0GOS), the current Beneish M-Score is 0.00 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 Traction AB (LTS:0GOS) Overvalued in 2026?

Based on GuruFocus' analysis, Traction AB stock appears to be overvalued. The current stock price of kr251.00 is trading 358.8% above its estimated GF Value™ of kr54.71.

Key valuation signals for LTS:0GOS:

  • Beneish M-Score: 0.00
  • GF Value™: kr54.71 vs. price of kr251.00 (358.8% above fair value)
  • GF Score™: 43/100 with 4 warning signs

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

Traction AB Business Description

Other Exchanges TRAC B:Sweden
Address Birger Jarlsgatan 33, Box 3314, Stockholm, SWE, 103 66
Traction AB is a Sweden-based investment company engaged in the long-term business development of wholly and partially owned companies. Its core objective is to realize a good return on capital. Its activities are divided into three business divisions: Customer relationships, providing customer-focused business models; Capital flows, offering cost control; and Risk management, including sharing and reducing risk factors. Traction AB invests in listed active holdings, such as BE Group, Drillcon, Duroc, Hifab Group, Nordic Camping and Resort, OEM International, PartnerTech, Softronic, and SwitchCore, as well as in unlisted active entities, including Banking Automation, Modular Streams, Recco Holding, and Silicon.
43GF Score

Get the complete analysis for LTS:0GOS

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

kr251.00
Price
kr54.71
GF Value