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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 -2.74 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Eimskipafelag Islands ehf's Beneish M-Score or its related term are showing as below:
OISE:EIM'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.03 Med: -2.72 Max: -2.25
Current: -2.74
During the past 13 years, the highest Beneish M-Score of Eimskipafelag Islands ehf was -2.25. The lowest was -3.03. And the median was -2.72.
Eimskipafelag Islands ehf Beneish M-Score Related Terms
Eimskipafelag Islands ehf Beneish M-Score Historical Data
* 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.
OISE:EIM vs UPS, FDX, JBHT: Beneish M-Score Comparison
For the Integrated Freight & Logistics subindustry, Eimskipafelag Islands ehf'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.
Eimskipafelag Islands ehf Beneish M-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Eimskipafelag Islands ehf's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Eimskipafelag Islands ehf's Beneish M-Score falls into.
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 Eimskipafelag Islands ehf 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 * 1.0091
+
0.528 * 1.0285
+
0.404 * 1.0304
+
0.892 * 1.0658
+
0.115 * 0.9953
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.073744
-
0.327 * 1.0205
=
-2.74
* 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.
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.
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))
=
(8262.02 / (8262.02 + 46838.556))
/
(8887.616 / (8887.616 + 50105.411))
=
0.149944
/
0.150655
=
0.9953
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
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
=
(1421.384 - 0
-
8339.767)
/
93816.061
=
-0.073744
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.
Eimskipafelag Islands ehf has a M-score of -2.74 suggests that the company is unlikely to be a manipulator.
Eimskipafelag Islands ehf (OISE:EIM) has a Beneish M-Score of -2.74 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Eimskipafelag Islands ehf and its competitors. According to the industry distribution chart, Eimskipafelag Islands ehf ranks #342 out of 965 companies in the Transportation industry, placing it in the top 35.4%.
Is Eimskipafelag Islands ehf's Beneish M-Score too high?
Eimskipafelag Islands ehf's current Beneish M-Score is -2.74. Based on the distribution chart, Eimskipafelag Islands ehf ranks #342 out of 965 companies in the Transportation industry, which is above the industry midpoint. Overall, Eimskipafelag Islands ehf has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Eimskipafelag Islands ehf's Beneish M-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, Eimskipafelag Islands ehf ranks #342 out of 965 companies for Beneish M-Score. This puts Eimskipafelag Islands ehf in the upper 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 Transportation company?
A good Beneish M-Score depends on the Transportation 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 Eimskipafelag Islands ehf and its competitors. Eimskipafelag Islands ehf's current Beneish M-Score is -2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eimskipafelag Islands ehf stock overvalued right now?
Based on GuruFocus' analysis, Eimskipafelag Islands ehf (OISE:EIM) is currently considered Significantly Undervalued. The stock's GF Value™ is kr384.59, compared to a current price of kr254.00 — trading 34% below its estimated fair value. The current Beneish M-Score is -2.74. Eimskipafelag Islands ehf's overall GF Score™ is 62/100 with 10 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 Eimskipafelag Islands ehf (OISE:EIM), the current Beneish M-Score is -2.74 as of Jul. 15, 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 Eimskipafelag Islands ehf (OISE:EIM) Overvalued in 2026?
Based on GuruFocus' analysis, Eimskipafelag Islands ehf stock appears to be undervalued.
The current stock price of kr254.00 is trading 34% below its estimated GF Value™ of kr384.59.
GuruFocus considers Eimskipafelag Islands ehf to be Significantly Undervalued.
Key valuation signals for OISE:EIM:
Beneish M-Score: -2.74
GF Value™: kr384.59 vs. price of kr254.00 (34% below fair value)
No single metric tells the full story. See the OISE:EIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eimskipafelag Islands ehf provides shipping, logistics, and supply chain services. The company's operations are divided into two market segments namely Liner services and Forwarding services. The liner services segment includes operations such as port operations, cold storage facilities, warehousing, trucking and distribution, air freight, and agency services in Iceland and Norway. The forwarding services segment includes reefer forwarding, a system based on a network of own offices, association with deep-sea lines, and associates. The company earns the majority of its revenues from Iceland, the Faroe Islands, and Asia.
62GF Score
Get the complete analysis for OISE:EIM
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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