Roblon AS (OCSE:RBLN B) Beneish M-Score: -2.37 (As of Aug. 21, 2026)

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OCSE:RBLN B Roblon AS OCSE:RBLN B
45 GF Score
Price kr105.50
GF Value kr69.44
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Roblon AS Beneish M-Score?

Roblon AS OCSE:RBLN B -1.40% 45 Beneish M-Score is -2.37 as of Aug. 21, 2026. GuruFocus rates OCSE:RBLN B with a GF Score™ of 45/100 and a GF Value™ of kr69.44 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,917 Industrial Products companies, Roblon AS ranks worse than 56.22% 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 -2.37 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

OCSE:RBLN B' s Beneish M-Score Range Over the Past 10 Years
Min: -4.42   Med: -2.42   Max: -0.83
Current: -2.37

During the past 13 years, the highest Beneish M-Score of Roblon AS was -0.83. The lowest was -4.42. And the median was -2.42.


Roblon AS Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Roblon 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.

Roblon AS Beneish M-Score Chart

Roblon AS Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.67 -2.03 -2.65 -4.06 -2.37

Roblon AS Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.00 0.00 -2.37 0.00 0.00

OCSE:RBLN B vs VRT, BE, HUBB: Beneish M-Score Comparison

For the Electrical Equipment & Parts subindustry, Roblon 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.


Roblon AS Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Roblon AS's Beneish M-Score distribution charts can be found below:

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


OCSE:RBLN B
45GF Score
Roblon AS OCSE:RBLN B
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Roblon 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 Roblon 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 * 0.7017+0.528 * 0.9852+0.404 * 4.6871+0.892 * 0.9652+0.115 * 1.5938
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.253926-0.327 * 0.8395
=-2.37

* 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 (Oct25) TTM:Last Year (Oct24) TTM:
Total Receivables was kr40.5 Mil.
Revenue was kr236.9 Mil.
Gross Profit was kr146.3 Mil.
Total Current Assets was kr109.0 Mil.
Total Assets was kr236.2 Mil.
Property, Plant and Equipment(Net PPE) was kr86.0 Mil.
Depreciation, Depletion and Amortization(DDA) was kr13.7 Mil.
Selling, General, & Admin. Expense(SGA) was kr0.0 Mil.
Total Current Liabilities was kr42.7 Mil.
Long-Term Debt & Capital Lease Obligation was kr9.4 Mil.
Net Income was kr-28.5 Mil.
Gross Profit was kr0.0 Mil.
Cash Flow from Operations was kr31.4 Mil.
Total Receivables was kr59.8 Mil.
Revenue was kr245.4 Mil.
Gross Profit was kr149.3 Mil.
Total Current Assets was kr180.3 Mil.
Total Assets was kr276.5 Mil.
Property, Plant and Equipment(Net PPE) was kr85.9 Mil.
Depreciation, Depletion and Amortization(DDA) was kr24.1 Mil.
Selling, General, & Admin. Expense(SGA) was kr0.0 Mil.
Total Current Liabilities was kr40.3 Mil.
Long-Term Debt & Capital Lease Obligation was kr32.4 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)
=(40.52 / 236.892) / (59.828 / 245.44)
=0.171048 / 0.243758
=0.7017

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)
=(149.301 / 245.44) / (146.26 / 236.892)
=0.608299 / 0.617412
=0.9852

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 - (108.964 + 86.007) / 236.234) / (1 - (180.259 + 85.908) / 276.47)
=0.17467 / 0.037266
=4.6871

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
=236.892 / 245.44
=0.9652

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))
=(24.109 / (24.109 + 85.908)) / (13.711 / (13.711 + 86.007))
=0.219139 / 0.137498
=1.5938

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 / 236.892) / (0 / 245.44)
=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)
=((9.396 + 42.734) / 236.234) / ((32.38 + 40.295) / 276.47)
=0.220671 / 0.262868
=0.8395

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
=(-28.547 - 0 - 31.439) / 236.234
=-0.253926

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.

Roblon AS has a M-score of -2.37 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 -2.37 mean?
Roblon AS (OCSE:RBLN B) has a Beneish M-Score of -2.37 as of Aug. 21, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Roblon AS and its competitors. According to the industry distribution chart, Roblon AS ranks #1640 out of 2917 companies in the Industrial Products industry, placing it in the top 56.2%.
Is Roblon AS's Beneish M-Score too high?
Roblon AS's current Beneish M-Score is -2.37. Based on the distribution chart, Roblon AS ranks #1640 out of 2917 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Roblon AS has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Roblon AS's Beneish M-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Roblon AS ranks #1640 out of 2917 companies for Beneish M-Score. This places Roblon 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 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 Roblon AS and its competitors. Roblon AS's current Beneish M-Score is -2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Roblon AS stock overvalued right now?
Based on GuruFocus' analysis, Roblon AS (OCSE:RBLN B) is currently considered Significantly Overvalued. The stock's GF Value™ is kr69.44, compared to a current price of kr105.50 — trading 51.9% above its estimated fair value. The current Beneish M-Score is -2.37. Roblon AS's overall GF Score™ is 45/100 with 1 warning sign 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 Roblon AS (OCSE:RBLN B), the current Beneish M-Score is -2.37 as of Aug. 21, 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 Roblon AS (OCSE:RBLN B) Overvalued in 2026?

Based on GuruFocus' analysis, Roblon AS stock appears to be overvalued. The current stock price of kr105.50 is trading 51.9% above its estimated GF Value™ of kr69.44. GuruFocus considers Roblon AS to be Significantly Overvalued.

Key valuation signals for OCSE:RBLN B:

  • Beneish M-Score: -2.37
  • GF Value™: kr69.44 vs. price of kr105.50 (51.9% above fair value)
  • GF Score™: 45/100 with 1 warning sign

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


Roblon AS Business Description

Address Nordhavnsvej 1, Frederikshavn, DNK, DK-9900
Roblon AS is a Denmark-based company. It operates in business segments that are Industrial Fiber, which comprises development, production and sale of strength element solutions, fibre optic cable components to the fibre optic cable industry, and composites to offshore and other industries; and Engineering, which comprises development, production and sale of rope-making equipment, twisters and winders, and cable machinery. The Industrial Fiber segment generates maximum revenue for the company. Geographically, the company offers its services to the United Kingdom, Asia, Brazil, Latin America, and North America.
45GF Score

Get the complete analysis for OCSE:RBLN B

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

kr105.50
Price
kr69.44
GF Value