Fastighetsbolaget Emilshus AB (OSTO:EMIL B) Beneish M-Score: -2.89 (As of Jun. 30, 2026)


OSTO:EMIL B Fastighetsbolaget Emilshus AB OSTO:EMIL B
88 GF Score
Price kr54.30
GF Value kr57.30
Valuation Fairly Valued
! 9 Warning Signs
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What is Fastighetsbolaget Emilshus AB Beneish M-Score?

Fastighetsbolaget Emilshus AB OSTO:EMIL B +0.56% 88 Beneish M-Score is -2.89 as of Jun. 30, 2026. GuruFocus rates OSTO:EMIL B with a GF Score™ of 88/100 and a GF Value™ of kr57.30 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,684 Real Estate companies, Fastighetsbolaget Emilshus AB ranks better than 80.64% 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 -2.89 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

OSTO:EMIL B' s Beneish M-Score Range Over the Past 10 Years
Min: -3.68   Med: -2.35   Max: 8.19
Current: -2.89

During the past 7 years, the highest Beneish M-Score of Fastighetsbolaget Emilshus AB was 8.19. The lowest was -3.68. And the median was -2.35.


Fastighetsbolaget Emilshus AB Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Fastighetsbolaget Emilshus 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.

Fastighetsbolaget Emilshus AB Beneish M-Score Chart

Fastighetsbolaget Emilshus AB Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.97 -2.51 -2.73 -2.94 -2.78

Fastighetsbolaget Emilshus 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 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 1.63 -1.92 -1.73 -2.78 -2.89

OSTO:EMIL B vs CBRE, BEKE, JLL: Beneish M-Score Comparison

For the Real Estate Services subindustry, Fastighetsbolaget Emilshus 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.


Fastighetsbolaget Emilshus AB Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Fastighetsbolaget Emilshus AB's Beneish M-Score distribution charts can be found below:

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


OSTO:EMIL B
88GF Score
Fastighetsbolaget Emilshus AB OSTO:EMIL B
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fastighetsbolaget Emilshus 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 Fastighetsbolaget Emilshus AB 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 * 0.1325+0.528 * 1.0249+0.404 * 1.0434+0.892 * 1.344+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9301+4.679 * 0.009035-0.327 * 1.0007
=-2.89

* 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 kr52.0 Mil.
Revenue was 271 + 253 + 228 + 213 = kr965.0 Mil.
Gross Profit was 203 + 196 + 188 + 171 = kr758.0 Mil.
Total Current Assets was kr190.0 Mil.
Total Assets was kr13,281.0 Mil.
Property, Plant and Equipment(Net PPE) was kr0.0 Mil.
Depreciation, Depletion and Amortization(DDA) was kr0.0 Mil.
Selling, General, & Admin. Expense(SGA) was kr45.0 Mil.
Total Current Liabilities was kr968.0 Mil.
Long-Term Debt & Capital Lease Obligation was kr6,619.0 Mil.
Net Income was 172 + 145 + 167 + 78 = kr562.0 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = kr0.0 Mil.
Cash Flow from Operations was 113 + 96 + 135 + 98 = kr442.0 Mil.
Total Receivables was kr292.0 Mil.
Revenue was 202 + 181 + 173 + 162 = kr718.0 Mil.
Gross Profit was 158 + 145 + 143 + 132 = kr578.0 Mil.
Total Current Assets was kr591.0 Mil.
Total Assets was kr10,678.0 Mil.
Property, Plant and Equipment(Net PPE) was kr0.0 Mil.
Depreciation, Depletion and Amortization(DDA) was kr0.0 Mil.
Selling, General, & Admin. Expense(SGA) was kr36.0 Mil.
Total Current Liabilities was kr671.0 Mil.
Long-Term Debt & Capital Lease Obligation was kr5,425.0 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)
=(52 / 965) / (292 / 718)
=0.053886 / 0.406685
=0.1325

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)
=(578 / 718) / (758 / 965)
=0.805014 / 0.785492
=1.0249

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 - (190 + 0) / 13281) / (1 - (591 + 0) / 10678)
=0.985694 / 0.944653
=1.0434

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
=965 / 718
=1.344

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 + 0)) / (0 / (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)
=(45 / 965) / (36 / 718)
=0.046632 / 0.050139
=0.9301

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)
=((6619 + 968) / 13281) / ((5425 + 671) / 10678)
=0.571267 / 0.570893
=1.0007

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
=(562 - 0 - 442) / 13281
=0.009035

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.

Fastighetsbolaget Emilshus AB has a M-score of -2.89 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 -2.89 mean?
Fastighetsbolaget Emilshus AB (OSTO:EMIL B) has a Beneish M-Score of -2.89 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Fastighetsbolaget Emilshus AB and its competitors. According to the industry distribution chart, Fastighetsbolaget Emilshus AB ranks #326 out of 1684 companies in the Real Estate industry, placing it in the top 19.4%.
Is Fastighetsbolaget Emilshus AB's Beneish M-Score too high?
Fastighetsbolaget Emilshus AB's current Beneish M-Score is -2.89. Based on the distribution chart, Fastighetsbolaget Emilshus AB ranks #326 out of 1684 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Fastighetsbolaget Emilshus AB has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fastighetsbolaget Emilshus AB's Beneish M-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Fastighetsbolaget Emilshus AB ranks #326 out of 1684 companies for Beneish M-Score. This places Fastighetsbolaget Emilshus AB in the top 19% of its industry — outperforming the majority of peers. 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Fastighetsbolaget Emilshus AB and its competitors. Fastighetsbolaget Emilshus AB's current Beneish M-Score is -2.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fastighetsbolaget Emilshus AB stock overvalued right now?
Based on GuruFocus' analysis, Fastighetsbolaget Emilshus AB (OSTO:EMIL B) is currently considered Fairly Valued. The stock's GF Value™ is kr57.30, compared to a current price of kr54.30 — trading 5.2% below its estimated fair value. The current Beneish M-Score is -2.89. Fastighetsbolaget Emilshus AB's overall GF Score™ is 88/100 with 9 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 Fastighetsbolaget Emilshus AB (OSTO:EMIL B), the current Beneish M-Score is -2.89 as of Jun. 30, 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 Fastighetsbolaget Emilshus AB (OSTO:EMIL B) Overvalued in 2026?

Based on GuruFocus' analysis, Fastighetsbolaget Emilshus AB stock appears to be undervalued. The current stock price of kr54.30 is trading 5.2% below its estimated GF Value™ of kr57.30. GuruFocus considers Fastighetsbolaget Emilshus AB to be Fairly Valued.

Key valuation signals for OSTO:EMIL B:

  • Beneish M-Score: -2.89
  • GF Value™: kr57.30 vs. price of kr54.30 (5.2% below fair value)
  • GF Score™: 88/100 with 9 warning signs

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


Fastighetsbolaget Emilshus AB Business Description

Address Storgatan 10, Vaxjo, SWE, 352 31
Fastighetsbolaget Emilshus AB is a real estate company that acquires, develops, and manages high-yield commercial properties in southern Sweden.
88GF Score

Get the complete analysis for OSTO:EMIL B

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

kr54.30
Price
kr57.30
GF Value