Park Street AS (OCSE:PARKST A) Beneish M-Score: -1.99 (As of Jul. 13, 2026)

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OCSE:PARKST A Park Street AS OCSE:PARKST A
56 GF Score
Price kr15.00
GF Value kr13.18
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Park Street AS Beneish M-Score?

Park Street AS OCSE:PARKST A 56 Beneish M-Score is -1.99 as of Jul. 13, 2026. GuruFocus rates OCSE:PARKST A with a GF Score™ of 56/100 and a GF Value™ of kr13.18 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,685 Real Estate companies, Park Street AS ranks worse than 68.13% 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 -1.99 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

OCSE:PARKST A' s Beneish M-Score Range Over the Past 10 Years
Min: -2.92   Med: -2.31   Max: -0.53
Current: -1.99

During the past 13 years, the highest Beneish M-Score of Park Street AS was -0.53. The lowest was -2.92. And the median was -2.31.


Park Street AS Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Park Street 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.

Park Street AS Beneish M-Score Chart

Park Street 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 -2.92 -2.60 -0.53 -2.18 -1.99

Park Street AS Semi-Annual Data
Jun16 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 Premium Member Only -0.53 0.00 -2.18 0.00 -1.99

OCSE:PARKST A vs CBRE, BEKE, JLL: Beneish M-Score Comparison

For the Real Estate Services subindustry, Park Street 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.


Park Street AS Beneish M-Score vs Real Estate Industry

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

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


OCSE:PARKST A
56GF Score
Park Street AS OCSE:PARKST A
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Park Street 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 Park Street 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 * 1.4384+0.528 * 0.9383+0.404 * 1.0185+0.892 * 1.0052+0.115 * 1.2735
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.012312-0.327 * 0.9514
=-1.99

* 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 kr39.1 Mil.
Revenue was kr151.9 Mil.
Gross Profit was kr114.9 Mil.
Total Current Assets was kr75.3 Mil.
Total Assets was kr2,431.6 Mil.
Property, Plant and Equipment(Net PPE) was kr1.0 Mil.
Depreciation, Depletion and Amortization(DDA) was kr1.1 Mil.
Selling, General, & Admin. Expense(SGA) was kr0.0 Mil.
Total Current Liabilities was kr66.1 Mil.
Long-Term Debt & Capital Lease Obligation was kr1,123.2 Mil.
Net Income was kr18.6 Mil.
Gross Profit was kr0.0 Mil.
Cash Flow from Operations was kr-11.3 Mil.
Total Receivables was kr27.1 Mil.
Revenue was kr151.1 Mil.
Gross Profit was kr107.3 Mil.
Total Current Assets was kr121.6 Mil.
Total Assets was kr2,500.0 Mil.
Property, Plant and Equipment(Net PPE) was kr0.7 Mil.
Depreciation, Depletion and Amortization(DDA) was kr1.4 Mil.
Selling, General, & Admin. Expense(SGA) was kr0.0 Mil.
Total Current Liabilities was kr603.1 Mil.
Long-Term Debt & Capital Lease Obligation was kr682.3 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)
=(39.133 / 151.9) / (27.065 / 151.116)
=0.257623 / 0.179101
=1.4384

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)
=(107.288 / 151.116) / (114.937 / 151.9)
=0.709971 / 0.756662
=0.9383

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 - (75.25 + 0.97) / 2431.586) / (1 - (121.57 + 0.703) / 2500.001)
=0.968654 / 0.951091
=1.0185

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
=151.9 / 151.116
=1.0052

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))
=(1.401 / (1.401 + 0.703)) / (1.063 / (1.063 + 0.97))
=0.665875 / 0.522873
=1.2735

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 / 151.9) / (0 / 151.116)
=0 / 0
=1

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)
=((1123.247 + 66.148) / 2431.586) / ((682.293 + 603.078) / 2500.001)
=0.489144 / 0.514148
=0.9514

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
=(18.624 - 0 - -11.313) / 2431.586
=0.012312

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.

Park Street AS has a M-score of -1.99 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 -1.99 mean?
Park Street AS (OCSE:PARKST A) has a Beneish M-Score of -1.99 as of Jul. 13, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Park Street AS and its competitors. According to the industry distribution chart, Park Street AS ranks #1148 out of 1685 companies in the Real Estate industry, placing it in the top 68.1%.
Is Park Street AS's Beneish M-Score too high?
Park Street AS's current Beneish M-Score is -1.99. Based on the distribution chart, Park Street AS ranks #1148 out of 1685 companies in the Real Estate industry, which is below the industry midpoint. Overall, Park Street AS has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Park Street AS's Beneish M-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Park Street AS ranks #1148 out of 1685 companies for Beneish M-Score. This places Park Street AS 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 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 Park Street AS and its competitors. Park Street AS's current Beneish M-Score is -1.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Park Street AS stock overvalued right now?
Based on GuruFocus' analysis, Park Street AS (OCSE:PARKST A) is currently considered Modestly Overvalued. The stock's GF Value™ is kr13.18, compared to a current price of kr15.00 — trading 13.8% above its estimated fair value. The current Beneish M-Score is -1.99. Park Street AS's overall GF Score™ is 56/100 with 5 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 Park Street AS (OCSE:PARKST A), the current Beneish M-Score is -1.99 as of Jul. 13, 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 Park Street AS (OCSE:PARKST A) Overvalued in 2026?

Based on GuruFocus' analysis, Park Street AS stock appears to be overvalued. The current stock price of kr15.00 is trading 13.8% above its estimated GF Value™ of kr13.18. GuruFocus considers Park Street AS to be Modestly Overvalued.

Key valuation signals for OCSE:PARKST A:

  • Beneish M-Score: -1.99
  • GF Value™: kr13.18 vs. price of kr15.00 (13.8% above fair value)
  • GF Score™: 56/100 with 5 warning signs

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


Park Street AS Business Description

Address Amaliegade 6, 2. Tv, Copenhagen, DNK, 1256
Park Street AS is a real estate investment and asset management company. The company manages the real estate portfolio mainly in the office, retail, hotel, and residential. The company generates the majority of its revenue from rental income. The group's investment properties are geographically concentrated in Greater Copenhagen and Zealand.
56GF Score

Get the complete analysis for OCSE:PARKST A

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

kr15.00
Price
kr13.18
GF Value