Agillic AS (OCSE:AGILC) Beneish M-Score: -4.44 (As of Jul. 16, 2026)

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OCSE:AGILC Agillic AS OCSE:AGILC
53 GF Score
Price kr6.30
GF Value kr8.78
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Agillic AS Beneish M-Score?

Agillic AS OCSE:AGILC 53 Beneish M-Score is -4.44 as of Jul. 16, 2026. GuruFocus rates OCSE:AGILC with a GF Score™ of 53/100 and a GF Value™ of kr8.78 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,629 Software companies, Agillic AS ranks better than 94.1% 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 -4.44 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

OCSE:AGILC' s Beneish M-Score Range Over the Past 10 Years
Min: -4.8   Med: -4.49   Max: -3.18
Current: -4.44

During the past 10 years, the highest Beneish M-Score of Agillic AS was -3.18. The lowest was -4.80. And the median was -4.49.


Agillic AS Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Agillic AS'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.

Agillic AS Beneish M-Score Chart

Agillic AS 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 -3.18 -3.44 -4.80 -4.59 -4.44

Agillic AS Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -4.80 0.00 -4.59 0.00 -4.44

OCSE:AGILC vs UBER, SHOP, CRM: Beneish M-Score Comparison

For the Software - Application subindustry, Agillic AS'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.


Agillic AS Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Agillic AS's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Agillic AS's Beneish M-Score falls into.


OCSE:AGILC
53GF Score
Agillic AS OCSE:AGILC
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Agillic 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 Agillic 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 * 0.6558+0.528 * 0.9795+0.404 * 1.1777+0.892 * 0.9708+0.115 * 0.9279
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9656+4.679 * -0.343569-0.327 * 1.2054
=-4.44

* 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 kr1.31 Mil.
Revenue was kr58.43 Mil.
Gross Profit was kr48.41 Mil.
Total Current Assets was kr3.68 Mil.
Total Assets was kr34.68 Mil.
Property, Plant and Equipment(Net PPE) was kr2.40 Mil.
Depreciation, Depletion and Amortization(DDA) was kr13.00 Mil.
Selling, General, & Admin. Expense(SGA) was kr7.66 Mil.
Total Current Liabilities was kr39.44 Mil.
Long-Term Debt & Capital Lease Obligation was kr20.42 Mil.
Net Income was kr-7.05 Mil.
Gross Profit was kr0.00 Mil.
Cash Flow from Operations was kr4.87 Mil.
Total Receivables was kr2.06 Mil.
Revenue was kr60.19 Mil.
Gross Profit was kr48.84 Mil.
Total Current Assets was kr9.58 Mil.
Total Assets was kr44.19 Mil.
Property, Plant and Equipment(Net PPE) was kr3.66 Mil.
Depreciation, Depletion and Amortization(DDA) was kr13.23 Mil.
Selling, General, & Admin. Expense(SGA) was kr8.17 Mil.
Total Current Liabilities was kr48.37 Mil.
Long-Term Debt & Capital Lease Obligation was kr14.89 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)
=(1.314 / 58.432) / (2.064 / 60.187)
=0.022488 / 0.034293
=0.6558

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)
=(48.844 / 60.187) / (48.413 / 58.432)
=0.811537 / 0.828536
=0.9795

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 - (3.679 + 2.403) / 34.683) / (1 - (9.583 + 3.663) / 44.186)
=0.82464 / 0.700222
=1.1777

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
=58.432 / 60.187
=0.9708

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))
=(13.231 / (13.231 + 3.663)) / (13.004 / (13.004 + 2.403))
=0.783177 / 0.844032
=0.9279

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)
=(7.659 / 58.432) / (8.17 / 60.187)
=0.131075 / 0.135744
=0.9656

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)
=((20.418 + 39.44) / 34.683) / ((14.892 + 48.373) / 44.186)
=1.72586 / 1.431788
=1.2054

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
=(-7.05 - 0 - 4.866) / 34.683
=-0.343569

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.

Agillic AS has a M-score of -4.44 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 -4.44 mean?
Agillic AS (OCSE:AGILC) has a Beneish M-Score of -4.44 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Agillic AS and its competitors. According to the industry distribution chart, Agillic AS ranks #155 out of 2629 companies in the Software industry, placing it in the top 5.9%.
Is Agillic AS's Beneish M-Score too high?
Agillic AS's current Beneish M-Score is -4.44. Based on the distribution chart, Agillic AS ranks #155 out of 2629 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Agillic AS has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Agillic AS's Beneish M-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Agillic AS ranks #155 out of 2629 companies for Beneish M-Score. This places Agillic AS in the top 6% of its industry — outperforming the majority of peers. 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 Software company?
A good Beneish M-Score depends on the Software 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 Agillic AS and its competitors. Agillic AS's current Beneish M-Score is -4.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agillic AS stock overvalued right now?
Based on GuruFocus' analysis, Agillic AS (OCSE:AGILC) is currently considered Modestly Undervalued. The stock's GF Value™ is kr8.78, compared to a current price of kr6.30 — trading 28.2% below its estimated fair value. The current Beneish M-Score is -4.44. Agillic AS's overall GF Score™ is 53/100 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 Agillic AS (OCSE:AGILC), the current Beneish M-Score is -4.44 as of Jul. 16, 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 Agillic AS (OCSE:AGILC) Overvalued in 2026?

Based on GuruFocus' analysis, Agillic AS stock appears to be undervalued. The current stock price of kr6.30 is trading 28.2% below its estimated GF Value™ of kr8.78. GuruFocus considers Agillic AS to be Modestly Undervalued.

Key valuation signals for OCSE:AGILC:

  • Beneish M-Score: -4.44
  • GF Value™: kr8.78 vs. price of kr6.30 (28.2% below fair value)
  • GF Score™: 53/100 with 3 warning signs

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


Agillic AS Business Description

Address Masnedogade 22, Copenhagen, DNK, 2100
Agillic AS is a Danish software company that provides a marketing automation platform. The platform enables scalable, personalized marketing operations with operational efficiency and compliance with GDPR regulations. The company's revenue is mainly derived from subscription fees charged for Agillic software licenses (the Agillic platform), transaction fees and professional service and training fees. Geographically, it derives the majority of revenue from Denmark and the rest from Europe.
53GF Score

Get the complete analysis for OCSE:AGILC

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

kr6.30
Price
kr8.78
GF Value