Fastighetsbolaget Emilshus AB (OSTO:EMIL B) Beneish M-Score: -2.44 (As of Aug. 14, 2026)

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OSTO:EMIL B Fastighetsbolaget Emilshus AB OSTO:EMIL B
89 GF Score
Price kr50.90
GF Value kr59.52
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Fastighetsbolaget Emilshus AB Beneish M-Score?

Fastighetsbolaget Emilshus AB OSTO:EMIL B -1.36% 89 Beneish M-Score is -2.44 as of Aug. 14, 2026. GuruFocus rates OSTO:EMIL B with a GF Score™ of 89/100 and a GF Value™ of kr59.52 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,677 Real Estate companies, Fastighetsbolaget Emilshus AB ranks better than 55.28% 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 -2.44 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: -2.41   Max: 8.19
Current: -2.44

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 -2.41.


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
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -1.92 -1.73 -2.78 -2.89 -2.44

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
89GF Score
Fastighetsbolaget Emilshus AB OSTO:EMIL B
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 * 0.6621+0.528 * 1.0201+0.404 * 1.019+0.892 * 1.3342+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9724+4.679 * 0.009503-0.327 * 1.0601
=-2.44

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was kr53 Mil.
Revenue was 274 + 271 + 253 + 228 = kr1,026 Mil.
Gross Profit was 220 + 203 + 196 + 188 = kr807 Mil.
Total Current Assets was kr554 Mil.
Total Assets was kr14,101 Mil.
Property, Plant and Equipment(Net PPE) was kr0 Mil.
Depreciation, Depletion and Amortization(DDA) was kr0 Mil.
Selling, General, & Admin. Expense(SGA) was kr48 Mil.
Total Current Liabilities was kr1,841 Mil.
Long-Term Debt & Capital Lease Obligation was kr6,147 Mil.
Net Income was 121 + 172 + 145 + 167 = kr605 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = kr0 Mil.
Cash Flow from Operations was 127 + 113 + 96 + 135 = kr471 Mil.
Total Receivables was kr60 Mil.
Revenue was 213 + 202 + 181 + 173 = kr769 Mil.
Gross Profit was 171 + 158 + 145 + 143 = kr617 Mil.
Total Current Assets was kr638 Mil.
Total Assets was kr11,151 Mil.
Property, Plant and Equipment(Net PPE) was kr0 Mil.
Depreciation, Depletion and Amortization(DDA) was kr0 Mil.
Selling, General, & Admin. Expense(SGA) was kr37 Mil.
Total Current Liabilities was kr1,627 Mil.
Long-Term Debt & Capital Lease Obligation was kr4,332 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)
=(53 / 1026) / (60 / 769)
=0.051657 / 0.078023
=0.6621

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)
=(617 / 769) / (807 / 1026)
=0.802341 / 0.78655
=1.0201

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 - (554 + 0) / 14101) / (1 - (638 + 0) / 11151)
=0.960712 / 0.942785
=1.019

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
=1026 / 769
=1.3342

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)
=(48 / 1026) / (37 / 769)
=0.046784 / 0.048114
=0.9724

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)
=((6147 + 1841) / 14101) / ((4332 + 1627) / 11151)
=0.566485 / 0.534392
=1.0601

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
=(605 - 0 - 471) / 14101
=0.009503

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 -2.44 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 -2.44 mean?
Fastighetsbolaget Emilshus AB (OSTO:EMIL B) has a Beneish M-Score of -2.44 as of Aug. 14, 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 #750 out of 1677 companies in the Real Estate industry, placing it in the top 44.7%.
Is Fastighetsbolaget Emilshus AB's Beneish M-Score too high?
Fastighetsbolaget Emilshus AB's current Beneish M-Score is -2.44. Based on the distribution chart, Fastighetsbolaget Emilshus AB ranks #750 out of 1677 companies in the Real Estate industry, which is above the industry midpoint. Overall, Fastighetsbolaget Emilshus AB has a GF Score™ of 89/100 and is considered Modestly Undervalued, 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 #750 out of 1677 companies for Beneish M-Score. This puts Fastighetsbolaget Emilshus 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 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 -2.44. 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 Modestly Undervalued. The stock's GF Value™ is kr59.52, compared to a current price of kr50.90 — trading 14.5% below its estimated fair value. The current Beneish M-Score is -2.44. Fastighetsbolaget Emilshus AB's overall GF Score™ is 89/100 with 8 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 -2.44 as of Aug. 14, 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 kr50.90 is trading 14.5% below its estimated GF Value™ of kr59.52. GuruFocus considers Fastighetsbolaget Emilshus AB to be Modestly Undervalued.

Key valuation signals for OSTO:EMIL B:

  • Beneish M-Score: -2.44
  • GF Value™: kr59.52 vs. price of kr50.90 (14.5% below fair value)
  • GF Score™: 89/100 with 8 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.
89GF 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.

kr50.90
Price
kr59.52
GF Value