Sampo Oyj (OCSE:SAMPO) Beneish M-Score: -1.99 (As of Jul. 14, 2026)

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OCSE:SAMPO Sampo Oyj OCSE:SAMPO
58 GF Score
Price kr71.90
GF Value kr71.43
Valuation Fairly Valued
! 2 Warning Signs
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What is Sampo Oyj Beneish M-Score?

Sampo Oyj OCSE:SAMPO +0.31% 58 Beneish M-Score is -1.99 as of Jul. 14, 2026. GuruFocus rates OCSE:SAMPO with a GF Score™ of 58/100 and a GF Value™ of kr71.43 (Fairly Valued). The stock has 2 warning signs investors should review. Among 399 Insurance companies, Sampo Oyj ranks worse than 84.46% 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 -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 Sampo Oyj's Beneish M-Score or its related term are showing as below:

OCSE:SAMPO' s Beneish M-Score Range Over the Past 10 Years
Min: -3.05   Med: -2.49   Max: -1.99
Current: -1.99

During the past 13 years, the highest Beneish M-Score of Sampo Oyj was -1.99. The lowest was -3.05. And the median was -2.49.

OCSE:SAMPO
58GF Score
Sampo Oyj OCSE:SAMPO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Sampo Oyj 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 Sampo Oyj 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 * 1.3213+0.528 * 1+0.404 * 0.9999+0.892 * 1.1233+0.115 * 0.9413
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.009291-0.327 * 0.838
=-1.98

* 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 kr1,837 Mil.
Revenue was kr77,093 Mil.
Gross Profit was kr77,093 Mil.
Total Current Assets was kr0 Mil.
Total Assets was kr192,121 Mil.
Property, Plant and Equipment(Net PPE) was kr2,248 Mil.
Depreciation, Depletion and Amortization(DDA) was kr1,576 Mil.
Selling, General, & Admin. Expense(SGA) was kr0 Mil.
Total Current Liabilities was kr0 Mil.
Long-Term Debt & Capital Lease Obligation was kr20,278 Mil.
Net Income was kr14,923 Mil.
Gross Profit was kr0 Mil.
Cash Flow from Operations was kr13,138 Mil.
 Total Receivables was kr1,238 Mil.
Revenue was kr68,633 Mil.
Gross Profit was kr68,633 Mil.
Total Current Assets was kr0 Mil.
Total Assets was kr182,549 Mil.
Property, Plant and Equipment(Net PPE) was kr2,118 Mil.
Depreciation, Depletion and Amortization(DDA) was kr1,342 Mil.
Selling, General, & Admin. Expense(SGA) was kr0 Mil.
Total Current Liabilities was kr0 Mil.
Long-Term Debt & Capital Lease Obligation was kr22,992 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)
=(1837.338 / 77093.495) / (1237.978 / 68633.179)
=0.023833 / 0.018038
=1.3213

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)
=(68633.179 / 68633.179) / (77093.495 / 77093.495)
=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 + 2248.125) / 192121.292) / (1 - (0 + 2117.986) / 182549.491)
=0.988298 / 0.988398
=0.9999

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
=77093.495 / 68633.179
=1.1233

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))
=(1342.385 / (1342.385 + 2117.986)) / (1575.928 / (1575.928 + 2248.125))
=0.387931 / 0.412109
=0.9413

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 / 77093.495) / (0 / 68633.179)
=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)
=((20277.934 + 0) / 192121.292) / ((22992.078 + 0) / 182549.491)
=0.105548 / 0.12595
=0.838

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
=(14922.767 - 0 - 13137.711) / 192121.292
=0.009291

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.

Sampo Oyj has a M-score of -1.98 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?
Sampo Oyj (OCSE:SAMPO) has a Beneish M-Score of -1.99 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sampo Oyj and its competitors. According to the industry distribution chart, Sampo Oyj ranks #337 out of 399 companies in the Insurance industry, placing it in the top 84.5%.
Is Sampo Oyj's Beneish M-Score too high?
Sampo Oyj's current Beneish M-Score is -1.99. Based on the distribution chart, Sampo Oyj ranks #337 out of 399 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Sampo Oyj has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sampo Oyj's Beneish M-Score compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Sampo Oyj ranks #337 out of 399 companies for Beneish M-Score. This places Sampo Oyj 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 Insurance company?
A good Beneish M-Score depends on the Insurance 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 Sampo Oyj and its competitors. Sampo Oyj'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 Sampo Oyj stock overvalued right now?
Based on GuruFocus' analysis, Sampo Oyj (OCSE:SAMPO) is currently considered Fairly Valued. The stock's GF Value™ is kr71.43, compared to a current price of kr71.90 — trading 0.7% above its estimated fair value. The current Beneish M-Score is -1.99. Sampo Oyj's overall GF Score™ is 58/100 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 Sampo Oyj (OCSE:SAMPO), the current Beneish M-Score is -1.99 as of Jul. 14, 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 Sampo Oyj (OCSE:SAMPO) Overvalued in 2026?

Based on GuruFocus' analysis, Sampo Oyj stock appears to be overvalued. The current stock price of kr71.90 is trading 0.7% above its estimated GF Value™ of kr71.43. GuruFocus considers Sampo Oyj to be Fairly Valued.

Key valuation signals for OCSE:SAMPO:

  • Beneish M-Score: -1.99
  • GF Value™: kr71.43 vs. price of kr71.90 (0.7% above fair value)
  • GF Score™: 58/100 with 2 warning signs

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

Sampo Oyj Business Description

Address Fabianinkatu 21, Helsinki, FIN, 00130
Sampo is a leading Nordics-based insurer headquartered in Finland and listed in Helsinki. The company has operations in Denmark, Estonia, Finland, Norway, Lithuania, Latvia, and the United Kingdom. Sampo has four subsidiaries that mainly sell private insurance to retail customers. It is the largest property and casualty insurer in the Nordics. Headquartered in Sweden, and If also sells insurance in Denmark, Norway, and Finland. Topdanmark is a Danish property and casualty insurer focusing on personal lines insurance as well as agriculture and small and medium-size enterprises. Topdanmark has been rolled into the Nordics, and Hastings is a digital insurer that focuses on car, van, bike, and home insurance in the UK.
58GF Score

Get the complete analysis for OCSE:SAMPO

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

kr71.90
Price
kr71.43
GF Value