Banca Mediolanum (LTS:0RDO) Beneish M-Score: -2.41 (As of Jun. 25, 2026)


LTS:0RDO Banca Mediolanum LTS:0RDO
65 GF Score
Price €22.03
GF Value €13.33
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Banca Mediolanum Beneish M-Score?

Banca Mediolanum LTS:0RDO -0.23% 65 Beneish M-Score is -2.41 as of Jun. 25, 2026. GuruFocus rates LTS:0RDO with a GF Score™ of 65/100 and a GF Value™ of €13.33 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,396 Banks companies, Banca Mediolanum ranks better than 51.86% 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 -2.41 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LTS:0RDO' s Beneish M-Score Range Over the Past 10 Years
Min: -5.41   Med: -2.45   Max: -0.85
Current: -2.41

During the past 13 years, the highest Beneish M-Score of Banca Mediolanum was -0.85. The lowest was -5.41. And the median was -2.45.

LTS:0RDO
65GF Score
Banca Mediolanum LTS:0RDO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Banca Mediolanum 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 Banca Mediolanum 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 * 1.0002+0.892 * 1.0087+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9931+4.679 * 0.009429-0.327 * 0.9384
=-2.41

* 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 €0 Mil.
Revenue was €2,440 Mil.
Gross Profit was €2,440 Mil.
Total Current Assets was €0 Mil.
Total Assets was €89,938 Mil.
Property, Plant and Equipment(Net PPE) was €204 Mil.
Depreciation, Depletion and Amortization(DDA) was €36 Mil.
Selling, General, & Admin. Expense(SGA) was €425 Mil.
Total Current Liabilities was €0 Mil.
Long-Term Debt & Capital Lease Obligation was €389 Mil.
Net Income was €1,238 Mil.
Gross Profit was €0 Mil.
Cash Flow from Operations was €390 Mil.
 Total Receivables was €0 Mil.
Revenue was €2,419 Mil.
Gross Profit was €2,419 Mil.
Total Current Assets was €0 Mil.
Total Assets was €86,154 Mil.
Property, Plant and Equipment(Net PPE) was €210 Mil.
Depreciation, Depletion and Amortization(DDA) was €0 Mil.
Selling, General, & Admin. Expense(SGA) was €424 Mil.
Total Current Liabilities was €0 Mil.
Long-Term Debt & Capital Lease Obligation was €397 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 / 2440.482) / (0 / 2419.351)
=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)
=(2419.351 / 2419.351) / (2440.482 / 2440.482)
=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 + 203.975) / 89938.26) / (1 - (0 + 209.693) / 86154.272)
=0.997732 / 0.997566
=1.0002

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
=2440.482 / 2419.351
=1.0087

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 + 209.693)) / (36.397 / (36.397 + 203.975))
=0 / 0.151419
=1

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)
=(424.912 / 2440.482) / (424.152 / 2419.351)
=0.17411 / 0.175316
=0.9931

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)
=((388.779 + 0) / 89938.26) / ((396.877 + 0) / 86154.272)
=0.004323 / 0.004607
=0.9384

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
=(1237.908 - 0 - 389.843) / 89938.26
=0.009429

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.

Banca Mediolanum has a M-score of -2.41 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 -2.41 mean?
Banca Mediolanum (LTS:0RDO) has a Beneish M-Score of -2.41 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Banca Mediolanum and its competitors. According to the industry distribution chart, Banca Mediolanum ranks #672 out of 1396 companies in the Banks industry, placing it in the top 48.1%.
Is Banca Mediolanum's Beneish M-Score too high?
Banca Mediolanum's current Beneish M-Score is -2.41. Based on the distribution chart, Banca Mediolanum ranks #672 out of 1396 companies in the Banks industry, which is above the industry midpoint. Overall, Banca Mediolanum has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Banca Mediolanum's Beneish M-Score compare to competitors?
According to the Banks industry distribution chart, Banca Mediolanum ranks #672 out of 1396 companies for Beneish M-Score. This puts Banca Mediolanum 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 Banca Mediolanum and its competitors. Banca Mediolanum's current Beneish M-Score is -2.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banca Mediolanum stock overvalued right now?
Based on GuruFocus' analysis, Banca Mediolanum (LTS:0RDO) is currently considered Significantly Overvalued. The stock's GF Value™ is €13.33, compared to a current price of €22.03 — trading 65.3% above its estimated fair value. The current Beneish M-Score is -2.41. Banca Mediolanum's overall GF Score™ is 65/100 with 6 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 Banca Mediolanum (LTS:0RDO), the current Beneish M-Score is -2.41 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 Banca Mediolanum (LTS:0RDO) Overvalued in 2026?

Based on GuruFocus' analysis, Banca Mediolanum stock appears to be overvalued. The current stock price of €22.03 is trading 65.3% above its estimated GF Value™ of €13.33. GuruFocus considers Banca Mediolanum to be Significantly Overvalued.

Key valuation signals for LTS:0RDO:

  • Beneish M-Score: -2.41
  • GF Value™: €13.33 vs. price of €22.03 (65.3% above fair value)
  • GF Score™: 65/100 with 6 warning signs

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

Banca Mediolanum Business Description

Address Palazzo Meucci, Via Francesco Sforza, 15, Basiglio, ITA, 20080
Banca Mediolanum is an Italy-based company which provides banking and financial services. It operates with various segments namely Lending which includes Retail and Commercial Banking, Treasury activities which has trading and sales, Asset Management and Retail Brokerage. The company offers current accounts, mortgages and loan products; credit, debit, and rechargeable cards and investment products. Geographically, it operates the market of Italy, Spain, and Germany of which Italy accounts for a larger share of revenue.
65GF Score

Get the complete analysis for LTS:0RDO

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

€22.03
Price
€13.33
GF Value