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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 -2.19 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Ulma Construccion Polska's Beneish M-Score or its related term are showing as below:
LTS:0O64'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.74 Med: -2.3 Max: -0.76
Current: -2.19
During the past 13 years, the highest Beneish M-Score of Ulma Construccion Polska was -0.76. The lowest was -2.74. And the median was -2.30.
* 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.
LTS:0O64 vs URI, SUNB, AER: Beneish M-Score Comparison
For the Rental & Leasing Services subindustry, Ulma Construccion Polska'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.
Ulma Construccion Polska Beneish M-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Ulma Construccion Polska's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Ulma Construccion Polska's Beneish M-Score falls into.
Ulma Construccion Polska 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 Ulma Construccion Polska 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 * 1.0279
+
0.528 * 1.0351
+
0.404 * 1.2011
+
0.892 * 1.0561
+
0.115 * 0.9361
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9696
+
4.679 * 0.013481
-
0.327 * 0.8365
=
-2.19
* 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))
=
(54.394 / (54.394 + 342.737))
/
(57.511 / (57.511 + 335.545))
=
0.136967
/
0.146318
=
0.9361
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
=
(10.104 - 0
-
4.488)
/
416.582
=
0.013481
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.
Ulma Construccion Polska has a M-score of -2.19 suggests that the company is unlikely to be a manipulator.
Ulma Construccion Polska (LTS:0O64) has a Beneish M-Score of -2.19 as of Aug. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ulma Construccion Polska and its competitors. According to the industry distribution chart, Ulma Construccion Polska ranks #754 out of 1021 companies in the Business Services industry, placing it in the top 73.8%.
Is Ulma Construccion Polska's Beneish M-Score too high?
Ulma Construccion Polska's current Beneish M-Score is -2.19. Based on the distribution chart, Ulma Construccion Polska ranks #754 out of 1021 companies in the Business Services industry, which is below the industry midpoint. Overall, Ulma Construccion Polska has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Ulma Construccion Polska's Beneish M-Score compare to URI and SUNB?
According to the Business Services industry distribution chart, Ulma Construccion Polska ranks #754 out of 1021 companies for Beneish M-Score. This places Ulma Construccion Polska 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 a Business Services company?
A good Beneish M-Score depends on the Business Services 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 Ulma Construccion Polska and its competitors. Ulma Construccion Polska's current Beneish M-Score is -2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ulma Construccion Polska stock overvalued right now?
Ulma Construccion Polska (LTS:0O64) has a current Beneish M-Score of -2.19. The stock's GF Value™ is zł88.03, compared to a current price of zł59.50 — trading 32.4% below its estimated fair value. The current Beneish M-Score is -2.19. Ulma Construccion Polska's overall GF Score™ is 81/100 with 3 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 Ulma Construccion Polska (LTS:0O64), the current Beneish M-Score is -2.19 as of Aug. 04, 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 Ulma Construccion Polska (LTS:0O64) Overvalued in 2026?
Based on GuruFocus' analysis, Ulma Construccion Polska stock appears to be undervalued.
The current stock price of zł59.50 is trading 32.4% below its estimated GF Value™ of zł88.03.
Key valuation signals for LTS:0O64:
Beneish M-Score: -2.19
GF Value™: zł88.03 vs. price of zł59.50 (32.4% below fair value)
No single metric tells the full story. See the LTS:0O64 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ulma Construccion Polska SA offers vertical and horizontal formwork systems (shuttering systems) and scaffolding for the purposes of cubature and engineering construction, performance of maintenance works and application designs for these systems, as well as repairs of formwork systems and other accessories used in the assembly of formwork systems. It operates in the two segments namely construction site service, a segment that includes the rental of formwork and scaffolding systems along with broadly understood logistics service and construction settlement at the end of the contract; and sales of building materials, a segment that includes the sale of formwork systems that are components of fixed assets and turnover (products and goods) of the Group and other building materials.
81GF Score
Get the complete analysis for LTS:0O64
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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