Bravida Holding AB (OSTO:BRAV) Beneish M-Score: -2.56 (As of Jun. 24, 2026)

What is Bravida Holding AB Beneish M-Score?

Bravida Holding AB OSTO:BRAV +1.51% 86 Beneish M-Score is -2.56 as of Jun. 24, 2026. GuruFocus rates OSTO:BRAV with a GF Score™ of 86/100 and a GF Value™ of kr84.39 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 1,704 Construction companies, Bravida Holding AB ranks better than 55.93% 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 -2.56 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

OSTO:BRAV' s Beneish M-Score Range Over the Past 10 Years
Min: -2.88 Med: -2.5 Max: -2.21
Current: -2.56

During the past 13 years, the highest Beneish M-Score of Bravida Holding AB was -2.21. The lowest was -2.88. And the median was -2.50.

Bravida Holding AB Beneish M-Score Related Terms

Bravida Holding AB Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Bravida Holding AB'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.

Bravida Holding AB Beneish M-Score Chart

Bravida Holding AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.26

-2.33

-2.43

-2.66

-2.62

Bravida Holding AB 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															-2.68	-2.55	-2.49	-2.62	-2.56

OSTO:BRAV vs PWR, FIX, EME: Beneish M-Score Comparison

For the Engineering & Construction subindustry, Bravida Holding AB'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.

Bravida Holding AB Beneish M-Score vs Construction Industry

For the Construction industry and Industrials sector, Bravida Holding AB's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Bravida Holding AB's Beneish M-Score falls into.

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86GF Score

Bravida Holding AB OSTO:BRAV

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Bravida Holding AB 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 Bravida Holding AB for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.9976

0.528 * 0.9668

0.404 * 1.0017

0.892 * 0.9692

0.115 * 1

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9838

4.679 * -0.011925

0.327 * 0.9256

-2.56

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was kr8,253 Mil.
Revenue was 7045 + 7913 + 6433 + 6974 = kr28,365 Mil.
Gross Profit was 1007 + 1337 + 954 + 1013 = kr4,311 Mil.
Total Current Assets was kr10,216 Mil.
Total Assets was kr23,732 Mil.
Property, Plant and Equipment(Net PPE) was kr1,461 Mil.
Depreciation, Depletion and Amortization(DDA) was kr0 Mil.
Selling, General, & Admin. Expense(SGA) was kr2,625 Mil.
Total Current Liabilities was kr11,562 Mil.
Long-Term Debt & Capital Lease Obligation was kr995 Mil.
Net Income was 239 + 493 + 244 + 268 = kr1,244 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = kr0 Mil.
Cash Flow from Operations was 354 + 1161 + -111 + 123 = kr1,527 Mil.

Total Receivables was kr8,535 Mil.
Revenue was 6888 + 8108 + 6575 + 7694 = kr29,265 Mil.
Gross Profit was 991 + 1357 + 901 + 1051 = kr4,300 Mil.
Total Current Assets was kr10,038 Mil.
Total Assets was kr23,238 Mil.
Property, Plant and Equipment(Net PPE) was kr1,416 Mil.
Depreciation, Depletion and Amortization(DDA) was kr0 Mil.
Selling, General, & Admin. Expense(SGA) was kr2,753 Mil.
Total Current Liabilities was kr12,326 Mil.
Long-Term Debt & Capital Lease Obligation was kr958 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)
	=	(8253 / 28365)	/	(8535 / 29265)
	=	0.290957	/	0.291645
	=	0.9976

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)
	=	(4300 / 29265)	/	(4311 / 28365)
	=	0.146933	/	0.151983
	=	0.9668

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 - (10216 + 1461) / 23732)	/	(1 - (10038 + 1416) / 23238)
	=	0.507964	/	0.5071
	=	1.0017

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
	=	28365	/	29265
	=	0.9692

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))
	=	(0 / (0 + 1416))	/	(0 / (0 + 1461))
	=	0	/	0
	=	1

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)
	=	(2625 / 28365)	/	(2753 / 29265)
	=	0.092544	/	0.094071
	=	0.9838

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)
	=	((995 + 11562) / 23732)	/	((958 + 12326) / 23238)
	=	0.529117	/	0.57165
	=	0.9256

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
	=	(1244 - 0	-	1527)	/	23732
	=	-0.011925

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.

Bravida Holding AB has a M-score of -2.56 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 -2.56 mean?

Bravida Holding AB (OSTO:BRAV) has a Beneish M-Score of -2.56 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bravida Holding AB and its competitors. According to the industry distribution chart, Bravida Holding AB ranks #751 out of 1704 companies in the Construction industry, placing it in the top 44.1%.

Is Bravida Holding AB's Beneish M-Score too high?

Bravida Holding AB's current Beneish M-Score is -2.56. Based on the distribution chart, Bravida Holding AB ranks #751 out of 1704 companies in the Construction industry, which is above the industry midpoint. Overall, Bravida Holding AB has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Bravida Holding AB's Beneish M-Score compare to PWR and FIX?

According to the Construction industry distribution chart, Bravida Holding AB ranks #751 out of 1704 companies for Beneish M-Score. This puts Bravida Holding AB 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 Construction company?

A good Beneish M-Score depends on the Construction 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 Bravida Holding AB and its competitors. Bravida Holding AB's current Beneish M-Score is -2.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Bravida Holding AB stock overvalued right now?

Based on GuruFocus' analysis, Bravida Holding AB (OSTO:BRAV) is currently considered Significantly Overvalued. The stock's GF Value™ is kr84.39, compared to a current price of kr127.40 — trading 51% above its estimated fair value. The current Beneish M-Score is -2.56. Bravida Holding AB's overall GF Score™ is 86/100 with 11 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 Bravida Holding AB (OSTO:BRAV), the current Beneish M-Score is -2.56 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.

Is Bravida Holding AB (OSTO:BRAV) Overvalued in 2026?

Based on GuruFocus' analysis, Bravida Holding AB stock appears to be overvalued. The current stock price of kr127.40 is trading 51% above its estimated GF Value™ of kr84.39. GuruFocus considers Bravida Holding AB to be Significantly Overvalued.

Key valuation signals for OSTO:BRAV:

Beneish M-Score: -2.56
GF Value™: kr84.39 vs. price of kr127.40 (51% above fair value)
GF Score™: 86/100 with 11 warning signs

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

Bravida Holding AB Business Description

Industry Industrials Construction

Comparable Companies OSTO:PEAB B OSTO:NCC A OSTO:AFRY OSTO:RATO A OSTO:INSTAL OSTO:VESTUM OSTO:NYAB OSTO:BYGGP OSTO:FG OSTO:QBEN PWR XPAR:DG FIX NSE:LT XAMS:FER XKRX:028260 XTER:HOT XMAD:ACS EME MTZ

Other Exchanges BRAVs:UK 0RBW:UK BV0:Germany

Address Mikrofonvagen 28, Stockholm, SWE, 126 81

Website http://www.bravida.se

Bravida Holding AB is a provider of installation and services for real estate and facilities in the Nordic region. Its services deliver energy, heating, cooling, water, and air components to properties, and help provide an environment suited to customer preferences. Technological systems and maintenance can modernize buildings and help to extend sustainable solutions. Revenue is roughly split between Bravida's two primary business divisions: installation and service. The combination of the two business activities allows the company to work with customers throughout the lifecycle of a property. The company attempts to create long-term solutions and perform scheduled maintenance to ensure quality and monitor progress.

86GF Score

Get the complete analysis for OSTO:BRAV

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

kr127.40

Price

kr84.39

GF Value

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