General Oceans ASA (OSL:GENO) Beneish M-Score: -2.62 (As of Jun. 27, 2026)


OSL:GENO General Oceans ASA OSL:GENO
17 GF Score
Price kr18.82
! 1 Warning Sign
View Full Analysis

What is General Oceans ASA Beneish M-Score?

General Oceans ASA OSL:GENO -2.28% 17 Beneish M-Score is -2.62 as of Jun. 27, 2026. GuruFocus rates OSL:GENO with a GF Score™ of 17/100. The stock has 1 warning sign investors should review. Among 2,404 Hardware companies, General Oceans ASA ranks better than 62.56% 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 -2.62 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

OSL:GENO' s Beneish M-Score Range Over the Past 10 Years
Min: -2.62   Med: -2.62   Max: -2.62
Current: -2.62

During the past 3 years, the highest Beneish M-Score of General Oceans ASA was -2.62. The lowest was -2.62. And the median was -2.62.

General Oceans ASA Beneish M-Score Historical Data

* Premium members only.

The historical data trend for General Oceans 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.

General Oceans ASA Beneish M-Score Chart

General Oceans ASA Annual Data
Trend Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.62

General Oceans ASA Semi-Annual Data
Dec23 Dec24 Dec25
Beneish M-Score 0.00 0.00 -2.62

OSL:GENO vs COHR, KEYS, GRMN: Beneish M-Score Comparison

For the Scientific & Technical Instruments subindustry, General Oceans 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.

General Oceans ASA Beneish M-Score vs Hardware Industry

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

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


OSL:GENO
17GF Score
General Oceans ASA OSL:GENO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

General Oceans 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 General Oceans 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 * 0.7648+0.528 * 1.038+0.404 * 0.8933+0.892 * 1.3378+0.115 * 0.7901
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.032043-0.327 * 1.084
=-2.62

* 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 kr197 Mil.
Revenue was kr1,280 Mil.
Gross Profit was kr821 Mil.
Total Current Assets was kr826 Mil.
Total Assets was kr1,352 Mil.
Property, Plant and Equipment(Net PPE) was kr212 Mil.
Depreciation, Depletion and Amortization(DDA) was kr65 Mil.
Selling, General, & Admin. Expense(SGA) was kr53 Mil.
Total Current Liabilities was kr533 Mil.
Long-Term Debt & Capital Lease Obligation was kr70 Mil.
Net Income was kr165 Mil.
Gross Profit was kr0 Mil.
Cash Flow from Operations was kr208 Mil.
 Total Receivables was kr192 Mil.
Revenue was kr957 Mil.
Gross Profit was kr637 Mil.
Total Current Assets was kr708 Mil.
Total Assets was kr1,316 Mil.
Property, Plant and Equipment(Net PPE) was kr265 Mil.
Depreciation, Depletion and Amortization(DDA) was kr60 Mil.
Selling, General, & Admin. Expense(SGA) was kr0 Mil.
Total Current Liabilities was kr426 Mil.
Long-Term Debt & Capital Lease Obligation was kr116 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)
=(196.654 / 1280.41) / (192.199 / 957.068)
=0.153587 / 0.200821
=0.7648

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)
=(637.253 / 957.068) / (821.35 / 1280.41)
=0.665839 / 0.641474
=1.038

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 - (825.819 + 211.647) / 1352.413) / (1 - (708.365 + 264.768) / 1316.261)
=0.232878 / 0.260684
=0.8933

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
=1280.41 / 957.068
=1.3378

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))
=(60.197 / (60.197 + 264.768)) / (64.818 / (64.818 + 211.647))
=0.185241 / 0.234453
=0.7901

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)
=(52.903 / 1280.41) / (0 / 957.068)
=0.041317 / 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)
=((70.349 + 533.384) / 1352.413) / ((115.689 + 426.39) / 1316.261)
=0.446412 / 0.411832
=1.084

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
=(165.081 - 0 - 208.416) / 1352.413
=-0.032043

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.

General Oceans ASA has a M-score of -2.62 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 -2.62 mean?
General Oceans ASA (OSL:GENO) has a Beneish M-Score of -2.62 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on General Oceans ASA and its competitors. According to the industry distribution chart, General Oceans ASA ranks #900 out of 2404 companies in the Hardware industry, placing it in the top 37.4%.
Is General Oceans ASA's Beneish M-Score too high?
General Oceans ASA's current Beneish M-Score is -2.62. Based on the distribution chart, General Oceans ASA ranks #900 out of 2404 companies in the Hardware industry, which is above the industry midpoint. Overall, General Oceans ASA has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does General Oceans ASA's Beneish M-Score compare to COHR and KEYS?
According to the Hardware industry distribution chart, General Oceans ASA ranks #900 out of 2404 companies for Beneish M-Score. This puts General Oceans ASA 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 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 General Oceans ASA and its competitors. General Oceans ASA's current Beneish M-Score is -2.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General Oceans ASA stock overvalued right now?
General Oceans ASA (OSL:GENO) has a current Beneish M-Score of -2.62. The current Beneish M-Score is -2.62. General Oceans ASA's overall GF Score™ is 17/100 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 General Oceans ASA (OSL:GENO), the current Beneish M-Score is -2.62 as of Jun. 27, 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.

General Oceans ASA Business Description

Other Exchanges T0Y:Germany
Address Vangkroken 2, Rud, NOR, 1351
General Oceans ASA is an ocean technology company engaged in providing underwater solutions, including sensors, systems, and robotic technologies for marine environments. The group operates through two segments: Sensors and Robotics. The Sensors segment focuses on instrumentation technologies for measuring ocean dynamics, imaging, and navigation, while the Robotics segment provides remotely operated and autonomous vehicle solutions with associated manipulators and control systems. It generates the majority of its revenue from the Sensors segment. The company serves industries such as ocean science, defense, and offshore energy through a portfolio of specialized brands.
17GF Score

Get the complete analysis for OSL:GENO

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

kr18.82
Price