Graphisoft Park SE (LTS:0OOA) Beneish M-Score: -2.57 (As of Jul. 04, 2026)


LTS:0OOA Graphisoft Park SE LTS:0OOA
62 GF Score
Price Ft3,860.00
GF Value Ft2,780.70
! 3 Warning Signs
View Full Analysis

What is Graphisoft Park SE Beneish M-Score?

Graphisoft Park SE LTS:0OOA 62 Beneish M-Score is -2.57 as of Jul. 04, 2026. GuruFocus rates LTS:0OOA with a GF Score™ of 62/100 and a GF Value™ of Ft2,780.70. The stock has 3 warning signs investors should review. Among 1,680 Real Estate companies, Graphisoft Park SE ranks better than 63.75% 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 -2.57 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LTS:0OOA' s Beneish M-Score Range Over the Past 10 Years
Min: -3.39   Med: -2.22   Max: 3.59
Current: -2.57

During the past 13 years, the highest Beneish M-Score of Graphisoft Park SE was 3.59. The lowest was -3.39. And the median was -2.22.


Graphisoft Park SE Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Graphisoft Park SE'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.

Graphisoft Park SE Beneish M-Score Chart

Graphisoft Park SE 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 -2.65 -1.73 -2.53 -2.33 -2.98

Graphisoft Park SE Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -2.02 -2.72 -0.89 -2.98 -2.57

LTS:0OOA vs CBRE, BEKE, JLL: Beneish M-Score Comparison

For the Real Estate Services subindustry, Graphisoft Park SE'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.


Graphisoft Park SE Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Graphisoft Park SE's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Graphisoft Park SE's Beneish M-Score falls into.


LTS:0OOA
62GF Score
Graphisoft Park SE LTS:0OOA
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Graphisoft Park SE 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 Graphisoft Park SE 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 * 0.7109+0.528 * 0.9994+0.404 * 0.965+0.892 * 1.1019+0.115 * 0.9131
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.939+4.679 * 0.025955-0.327 * 0.8566
=-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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was Ft644 Mil.
Revenue was 1604.906 + 1605.683 + 1585.523 + 1552.747 = Ft6,349 Mil.
Gross Profit was 1587.407 + 1595.555 + 1568.845 + 1535.289 = Ft6,287 Mil.
Total Current Assets was Ft9,953 Mil.
Total Assets was Ft86,094 Mil.
Property, Plant and Equipment(Net PPE) was Ft372 Mil.
Depreciation, Depletion and Amortization(DDA) was Ft78 Mil.
Selling, General, & Admin. Expense(SGA) was Ft96 Mil.
Total Current Liabilities was Ft6,806 Mil.
Long-Term Debt & Capital Lease Obligation was Ft18,549 Mil.
Net Income was 1717.042 + 494.112 + 5888.153 + -656.301 = Ft7,443 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = Ft0 Mil.
Cash Flow from Operations was 1210.286 + 1096.379 + -1496.33 + 4398.144 = Ft5,208 Mil.
Total Receivables was Ft822 Mil.
Revenue was 1449.708 + 1381.525 + 1477.01 + 1453.442 = Ft5,762 Mil.
Gross Profit was 1434.013 + 1366.646 + 1461.239 + 1440.141 = Ft5,702 Mil.
Total Current Assets was Ft6,695 Mil.
Total Assets was Ft80,455 Mil.
Property, Plant and Equipment(Net PPE) was Ft384 Mil.
Depreciation, Depletion and Amortization(DDA) was Ft72 Mil.
Selling, General, & Admin. Expense(SGA) was Ft93 Mil.
Total Current Liabilities was Ft5,920 Mil.
Long-Term Debt & Capital Lease Obligation was Ft21,740 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)
=(643.534 / 6348.859) / (821.535 / 5761.685)
=0.101362 / 0.142586
=0.7109

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)
=(5702.039 / 5761.685) / (6287.096 / 6348.859)
=0.989648 / 0.990272
=0.9994

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 - (9953.345 + 372.478) / 86093.884) / (1 - (6694.507 + 383.717) / 80454.647)
=0.880063 / 0.912022
=0.965

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
=6348.859 / 5761.685
=1.1019

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))
=(71.687 / (71.687 + 383.717)) / (77.592 / (77.592 + 372.478))
=0.157414 / 0.1724
=0.9131

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)
=(95.869 / 6348.859) / (92.653 / 5761.685)
=0.0151 / 0.016081
=0.939

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)
=((18548.556 + 6806.387) / 86093.884) / ((21740.284 + 5920.06) / 80454.647)
=0.294503 / 0.3438
=0.8566

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
=(7443.006 - 0 - 5208.479) / 86093.884
=0.025955

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.

Graphisoft Park SE 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 -2.57 mean?
Graphisoft Park SE (LTS:0OOA) has a Beneish M-Score of -2.57 as of Jul. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Graphisoft Park SE and its competitors. According to the industry distribution chart, Graphisoft Park SE ranks #609 out of 1680 companies in the Real Estate industry, placing it in the top 36.2%.
Is Graphisoft Park SE's Beneish M-Score too high?
Graphisoft Park SE's current Beneish M-Score is -2.57. Based on the distribution chart, Graphisoft Park SE ranks #609 out of 1680 companies in the Real Estate industry, which is above the industry midpoint. Overall, Graphisoft Park SE has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Graphisoft Park SE's Beneish M-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Graphisoft Park SE ranks #609 out of 1680 companies for Beneish M-Score. This puts Graphisoft Park SE 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Graphisoft Park SE and its competitors. Graphisoft Park SE's current Beneish M-Score is -2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Graphisoft Park SE stock overvalued right now?
Graphisoft Park SE (LTS:0OOA) has a current Beneish M-Score of -2.57. The stock's GF Value™ is Ft2,780.70, compared to a current price of Ft3,860.00 — trading 38.8% above its estimated fair value. The current Beneish M-Score is -2.57. Graphisoft Park SE's overall GF Score™ is 62/100 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 Graphisoft Park SE (LTS:0OOA), the current Beneish M-Score is -2.57 as of Jul. 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 Graphisoft Park SE (LTS:0OOA) Overvalued in 2026?

Based on GuruFocus' analysis, Graphisoft Park SE stock appears to be overvalued. The current stock price of Ft3,860.00 is trading 38.8% above its estimated GF Value™ of Ft2,780.70.

Key valuation signals for LTS:0OOA:

  • Beneish M-Score: -2.57
  • GF Value™: Ft2,780.70 vs. price of Ft3,860.00 (38.8% above fair value)
  • GF Score™: 62/100 with 3 warning signs

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


Graphisoft Park SE Business Description

Other Exchanges GSPARK:HungaryGUV:Germany
Address Zahony Street 7, Budapest, HUN, H-1031
Graphisoft Park SE is a Hungary-based company engaged in real estate operations. It operates as a holding company and also provides management, financial, and administrative services to its subsidiaries. The real estate of the company is categorized as a Core area, Monument area, and Southern and Northern development areas.
62GF Score

Get the complete analysis for LTS:0OOA

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

Ft3,860.00
Price
Ft2,780.70
GF Value