Mons Bank AS (LTS:0IRH) Beneish M-Score: -2.50 (As of Jun. 26, 2026)


LTS:0IRH Mons Bank AS LTS:0IRH
54 GF Score
Price kr402.00
GF Value kr237.99
! 7 Warning Signs
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What is Mons Bank AS Beneish M-Score?

Mons Bank AS LTS:0IRH 54 Beneish M-Score is -2.50 as of Jun. 26, 2026. GuruFocus rates LTS:0IRH with a GF Score™ of 54/100 and a GF Value™ of kr237.99. The stock has 7 warning signs investors should review. Among 1,397 Banks companies, Mons Bank AS ranks better than 69.94% 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.

Good Sign:

Beneish M-Score -2.5 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LTS:0IRH' s Beneish M-Score Range Over the Past 10 Years
Min: -3.26   Med: -2.37   Max: -1.98
Current: -2.5

During the past 13 years, the highest Beneish M-Score of Mons Bank AS was -1.98. The lowest was -3.26. And the median was -2.37.

LTS:0IRH
54GF Score
Mons Bank AS LTS:0IRH
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Mons Bank 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 Mons Bank 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 * 1+0.528 * 1+0.404 * 1.0004+0.892 * 0.9349+0.115 * 0.8919
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1323+4.679 * 0.009415-0.327 * 0.9033
=-2.50

* 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 kr0.0 Mil.
Revenue was kr255.1 Mil.
Gross Profit was kr255.1 Mil.
Total Current Assets was kr0.0 Mil.
Total Assets was kr5,515.0 Mil.
Property, Plant and Equipment(Net PPE) was kr22.6 Mil.
Depreciation, Depletion and Amortization(DDA) was kr4.8 Mil.
Selling, General, & Admin. Expense(SGA) was kr59.6 Mil.
Total Current Liabilities was kr0.0 Mil.
Long-Term Debt & Capital Lease Obligation was kr34.8 Mil.
Net Income was kr51.9 Mil.
Gross Profit was kr0.0 Mil.
Cash Flow from Operations was kr0.0 Mil.
 Total Receivables was kr0.0 Mil.
Revenue was kr272.9 Mil.
Gross Profit was kr272.9 Mil.
Total Current Assets was kr0.0 Mil.
Total Assets was kr5,002.9 Mil.
Property, Plant and Equipment(Net PPE) was kr22.5 Mil.
Depreciation, Depletion and Amortization(DDA) was kr4.1 Mil.
Selling, General, & Admin. Expense(SGA) was kr56.3 Mil.
Total Current Liabilities was kr0.0 Mil.
Long-Term Debt & Capital Lease Obligation was kr34.9 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 / 255.122) / (0 / 272.899)
=0 / 0
=1

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)
=(272.899 / 272.899) / (255.122 / 255.122)
=1 / 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 + 22.596) / 5514.976) / (1 - (0 + 22.523) / 5002.882)
=0.995903 / 0.995498
=1.0004

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
=255.122 / 272.899
=0.9349

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))
=(4.14 / (4.14 + 22.523)) / (4.763 / (4.763 + 22.596))
=0.155271 / 0.174093
=0.8919

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)
=(59.579 / 255.122) / (56.283 / 272.899)
=0.233531 / 0.206241
=1.1323

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)
=((34.776 + 0) / 5514.976) / ((34.926 + 0) / 5002.882)
=0.006306 / 0.006981
=0.9033

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
=(51.923 - 0 - 0) / 5514.976
=0.009415

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.

Mons Bank AS has a M-score of -2.50 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 -2.50 mean?
Mons Bank AS (LTS:0IRH) has a Beneish M-Score of -2.50 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Mons Bank AS and its competitors. According to the industry distribution chart, Mons Bank AS ranks #420 out of 1397 companies in the Banks industry, placing it in the top 30.1%.
Is Mons Bank AS's Beneish M-Score too high?
Mons Bank AS's current Beneish M-Score is -2.50. Based on the distribution chart, Mons Bank AS ranks #420 out of 1397 companies in the Banks industry, which is above the industry midpoint. Overall, Mons Bank AS has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Mons Bank AS's Beneish M-Score compare to competitors?
According to the Banks industry distribution chart, Mons Bank AS ranks #420 out of 1397 companies for Beneish M-Score. This puts Mons Bank 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Mons Bank AS and its competitors. Mons Bank AS's current Beneish M-Score is -2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mons Bank AS stock overvalued right now?
Mons Bank AS (LTS:0IRH) has a current Beneish M-Score of -2.50. The stock's GF Value™ is kr237.99, compared to a current price of kr402.00 — trading 68.9% above its estimated fair value. The current Beneish M-Score is -2.50. Mons Bank AS's overall GF Score™ is 54/100 with 7 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 Mons Bank AS (LTS:0IRH), the current Beneish M-Score is -2.50 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 Mons Bank AS (LTS:0IRH) Overvalued in 2026?

Based on GuruFocus' analysis, Mons Bank AS stock appears to be overvalued. The current stock price of kr402.00 is trading 68.9% above its estimated GF Value™ of kr237.99.

Key valuation signals for LTS:0IRH:

  • Beneish M-Score: -2.50
  • GF Value™: kr237.99 vs. price of kr402.00 (68.9% above fair value)
  • GF Score™: 54/100 with 7 warning signs

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

Mons Bank AS Business Description

Other Exchanges MNBA:Denmark
Address Storegade 29, Stege, DNK, 4780
Mons Bank AS is a regional bank in Denmark. The Bank provides banking and other financial services to private individuals and local businesses in and around the island of Mon (Moen). It has branches in Praesto, Naestved and Vordingborg.
54GF Score

Get the complete analysis for LTS:0IRH

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

kr402.00
Price
kr237.99
GF Value