Aker Carbon Capture ASA (LTS:0ZCB) Beneish M-Score: 0.00 (As of Jun. 25, 2026)


LTS:0ZCB Aker Carbon Capture ASA LTS:0ZCB
4 GF Score
Price kr0.15
! 2 Warning Signs
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What is Aker Carbon Capture ASA Beneish M-Score?

Aker Carbon Capture ASA LTS:0ZCB 4 Beneish M-Score is 0.00 as of Jun. 25, 2026. GuruFocus rates LTS:0ZCB with a GF Score™ of 4/100. The stock has 2 warning signs investors should review.

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 Aker Carbon Capture ASA's Beneish M-Score or its related term are showing as below:

During the past 5 years, the highest Beneish M-Score of Aker Carbon Capture ASA was 0.28. The lowest was 0.28. And the median was 0.28.

Aker Carbon Capture ASA Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Aker Carbon Capture ASA'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.

Aker Carbon Capture ASA Beneish M-Score Chart

Aker Carbon Capture ASA Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Beneish M-Score
0.00 0.00 0.28 0.00 0.00

Aker Carbon Capture ASA Quarterly Data
Jul20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25
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 0.00 0.00 0.00 0.00 0.00

LTS:0ZCB vs VLTO, ZWS, FSS: Beneish M-Score Comparison

For the Pollution & Treatment Controls subindustry, Aker Carbon Capture ASA'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.

Aker Carbon Capture ASA Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Aker Carbon Capture ASA's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Aker Carbon Capture ASA's Beneish M-Score falls into.


LTS:0ZCB
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Aker Carbon Capture ASA LTS:0ZCB
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Aker Carbon Capture ASA 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 Aker Carbon Capture ASA 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 (Dec24) TTM:Last Year (Dec23) TTM:
Total Receivables was kr0.00 Mil.
Revenue was kr6.00 Mil.
Gross Profit was kr0.00 Mil.
Total Current Assets was kr4,596.00 Mil.
Total Assets was kr5,734.00 Mil.
Property, Plant and Equipment(Net PPE) was kr0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was kr9.00 Mil.
Selling, General, & Admin. Expense(SGA) was kr0.00 Mil.
Total Current Liabilities was kr34.00 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.
Net Income was kr4,795.00 Mil.
Gross Profit was kr0.00 Mil.
Cash Flow from Operations was kr-134.00 Mil.
 Total Receivables was kr237.00 Mil.
Revenue was kr0.00 Mil.
Gross Profit was kr0.00 Mil.
Total Current Assets was kr1,394.00 Mil.
Total Assets was kr1,688.00 Mil.
Property, Plant and Equipment(Net PPE) was kr114.00 Mil.
Depreciation, Depletion and Amortization(DDA) was kr16.00 Mil.
Selling, General, & Admin. Expense(SGA) was kr62.85 Mil.
Total Current Liabilities was kr946.00 Mil.
Long-Term Debt & Capital Lease Obligation was kr37.00 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 / 6) / (237 / 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)
=(0 / 0) / (0 / 6)
= / 0
=

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 - (4596 + 0) / 5734) / (1 - (1394 + 114) / 1688)
=0.198465 / 0.106635
=

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
=6 / 0
=

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))
=(16 / (16 + 114)) / (9 / (9 + 0))
=0.123077 / 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)
=(0 / 6) / (62.847 / 0)
=0 /
=

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 + 34) / 5734) / ((37 + 946) / 1688)
=0.00593 / 0.582346
=

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
=(4795 - 0 - -134) / 5734
=0.859609

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?
Aker Carbon Capture ASA (LTS:0ZCB) 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 Aker Carbon Capture ASA and its competitors. Over the past decade, Aker Carbon Capture ASA's Beneish M-Score has ranged from 0.28 to 0.28.
Is Aker Carbon Capture ASA's Beneish M-Score too high?
Aker Carbon Capture ASA's current Beneish M-Score is 0.00. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 0.28. Overall, Aker Carbon Capture ASA has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Aker Carbon Capture ASA's Beneish M-Score compare to VLTO and ZWS?
Aker Carbon Capture ASA's Beneish M-Score of 0.00 can be compared against companies in the Industrial Products industry. Historically, Aker Carbon Capture ASA's own Beneish M-Score has ranged from 0.28 to 0.28 over the past decade. 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 Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Aker Carbon Capture ASA and its competitors. Aker Carbon Capture ASA'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 Aker Carbon Capture ASA stock overvalued right now?
Aker Carbon Capture ASA (LTS:0ZCB) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Aker Carbon Capture ASA's overall GF Score™ is 4/100 with 2 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 Aker Carbon Capture ASA (LTS:0ZCB), 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.

Aker Carbon Capture ASA Business Description

Address John Strandrudsvei No 10-12, Lysaker, Lysaker, NOR, 1366
Aker Carbon Capture ASA is a carbon capture technology provider. The company's proprietary carbon capture process uses a mixture of water and organic amine solvents to absorb the CO2. This process can be applied to emissions from various sources, from gas, coal, cement, refineries, and waste-to-energy through to hydrogen and other process industries. Its products and services include Just Catch, Offshore Just Catch, Big Catch, Mobile Test Unit - Rental service, CO2 for Enhanced Oil Recovery (EOR) and Storage Practice.
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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