Ensurge Micropower ASA (OSL:ENSU) Beneish M-Score: -1.31 (As of Jun. 24, 2026)


OSL:ENSU Ensurge Micropower ASA OSL:ENSU
15 GF Score
Price kr0.60
! 3 Warning Signs
View Full Analysis

What is Ensurge Micropower ASA Beneish M-Score?

Ensurge Micropower ASA OSL:ENSU 15 Beneish M-Score is -1.31 as of Jun. 24, 2026. GuruFocus rates OSL:ENSU with a GF Score™ of 15/100. The stock has 3 warning signs investors should review. Among 2,403 Hardware companies, Ensurge Micropower ASA ranks worse than 90.43% 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.

Warning Sign:

Beneish M-Score -1.31 higher than -1.78, which implies that the company might have manipulated its financial results.

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

OSL:ENSU' s Beneish M-Score Range Over the Past 10 Years
Min: -45.02   Med: -2.76   Max: 9.16
Current: -1.31

During the past 13 years, the highest Beneish M-Score of Ensurge Micropower ASA was 9.16. The lowest was -45.02. And the median was -2.76.


Ensurge Micropower ASA Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Ensurge Micropower ASA'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.

Ensurge Micropower ASA Beneish M-Score Chart

Ensurge Micropower ASA 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 0.00 0.00 0.00 -1.53 -2.93

Ensurge Micropower ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.39 4.52 0.56 -2.93 -1.31

OSL:ENSU vs APH, GLW, TEL: Beneish M-Score Comparison

For the Electronic Components subindustry, Ensurge Micropower ASA'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.


Ensurge Micropower ASA Beneish M-Score vs Hardware Industry

For the Hardware industry and Technology sector, Ensurge Micropower ASA's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Ensurge Micropower ASA's Beneish M-Score falls into.


OSL:ENSU
15GF Score
Ensurge Micropower ASA OSL:ENSU
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ensurge Micropower ASA 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 Ensurge Micropower ASA 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 * 0.1389+0.528 * 1+0.404 * 1.3257+0.892 * 3.9471+0.115 * 0.8322
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.175+4.679 * -0.233271-0.327 * 0.4917
=-1.31

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was kr4.22 Mil.
Revenue was 1.468 + 0 + 0.249 + 0 = kr1.72 Mil.
Gross Profit was 1.468 + 0 + 0.249 + 0 = kr1.72 Mil.
Total Current Assets was kr30.36 Mil.
Total Assets was kr176.82 Mil.
Property, Plant and Equipment(Net PPE) was kr12.93 Mil.
Depreciation, Depletion and Amortization(DDA) was kr6.56 Mil.
Selling, General, & Admin. Expense(SGA) was kr1.55 Mil.
Total Current Liabilities was kr62.85 Mil.
Long-Term Debt & Capital Lease Obligation was kr40.82 Mil.
Net Income was -48.766 + -53.556 + -14.169 + -21.803 = kr-138.29 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = kr0.00 Mil.
Cash Flow from Operations was -38.229 + -29.371 + -13.364 + -16.083 = kr-97.05 Mil.
Total Receivables was kr7.70 Mil.
Revenue was 0 + 0 + 0.223 + 0.212 = kr0.44 Mil.
Gross Profit was 0 + 0 + 0.223 + 0.212 = kr0.44 Mil.
Total Current Assets was kr40.65 Mil.
Total Assets was kr133.44 Mil.
Property, Plant and Equipment(Net PPE) was kr16.78 Mil.
Depreciation, Depletion and Amortization(DDA) was kr6.53 Mil.
Selling, General, & Admin. Expense(SGA) was kr2.25 Mil.
Total Current Liabilities was kr66.30 Mil.
Long-Term Debt & Capital Lease Obligation was kr92.80 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)
=(4.221 / 1.717) / (7.699 / 0.435)
=2.458358 / 17.698851
=0.1389

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)
=(0.435 / 0.435) / (1.717 / 1.717)
=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 - (30.357 + 12.933) / 176.82) / (1 - (40.652 + 16.775) / 133.435)
=0.755175 / 0.569626
=1.3257

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
=1.717 / 0.435
=3.9471

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))
=(6.526 / (6.526 + 16.775)) / (6.561 / (6.561 + 12.933))
=0.280074 / 0.336565
=0.8322

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)
=(1.551 / 1.717) / (2.245 / 0.435)
=0.90332 / 5.16092
=0.175

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)
=((40.817 + 62.849) / 176.82) / ((92.804 + 66.301) / 133.435)
=0.58628 / 1.192378
=0.4917

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
=(-138.294 - 0 - -97.047) / 176.82
=-0.233271

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.

Ensurge Micropower ASA has a M-score of -1.31 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.31 mean?
Ensurge Micropower ASA (OSL:ENSU) has a Beneish M-Score of -1.31 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ensurge Micropower ASA and its competitors. According to the industry distribution chart, Ensurge Micropower ASA ranks #2173 out of 2403 companies in the Hardware industry, placing it in the top 90.4%.
Is Ensurge Micropower ASA's Beneish M-Score too high?
Ensurge Micropower ASA's current Beneish M-Score is -1.31. Based on the distribution chart, Ensurge Micropower ASA ranks #2173 out of 2403 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Ensurge Micropower ASA has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Ensurge Micropower ASA's Beneish M-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Ensurge Micropower ASA ranks #2173 out of 2403 companies for Beneish M-Score. This places Ensurge Micropower ASA 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 Ensurge Micropower ASA and its competitors. Ensurge Micropower ASA's current Beneish M-Score is -1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ensurge Micropower ASA stock overvalued right now?
Ensurge Micropower ASA (OSL:ENSU) has a current Beneish M-Score of -1.31. The current Beneish M-Score is -1.31. Ensurge Micropower ASA's overall GF Score™ is 15/100 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 Ensurge Micropower ASA (OSL:ENSU), the current Beneish M-Score is -1.31 as of Jun. 24, 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.

Ensurge Micropower ASA Business Description

Address Kongens Gate 6, Oslo, NOR, 0153
Ensurge Micropower ASA provides ultrathin, flexible, and safe energy storage solutions for wearable devices, connected sensors, and beyond. Its solid-state lithium battery (SSLB) technology is positioned to enable the production of powerful, lightweight, and cost-effective rechargeable batteries for diverse applications, such as in hearables, sports and fitness wearables, home and industrial connected devices, and medical wearables, among others.
15GF Score

Get the complete analysis for OSL:ENSU

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

kr0.60
Price