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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 -2.55 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Fagerhult Group AB's Beneish M-Score or its related term are showing as below:
OSTO:FAG'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.92 Med: -2.56 Max: -2.09
Current: -2.55
During the past 13 years, the highest Beneish M-Score of Fagerhult Group AB was -2.09. The lowest was -2.92. And the median was -2.56.
Fagerhult Group AB Beneish M-Score Related Terms
Fagerhult Group AB Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Fagerhult Group 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.
OSTO:FAG vs VRT, BE, HUBB: Beneish M-Score Comparison
For the Electrical Equipment & Parts subindustry, Fagerhult Group 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.
Fagerhult Group AB Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Fagerhult Group AB's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Fagerhult Group AB's Beneish M-Score falls into.
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 Fagerhult Group 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 * 1.044
+
0.528 * 1.0252
+
0.404 * 1.1043
+
0.892 * 0.9636
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0229
+
4.679 * -0.024439
-
0.327 * 1.0402
=
-2.55
* 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.
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.
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 + 2302.8))
/
(0 / (0 + 2326.5))
=
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
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
=
(216.1 - 0
-
553.7)
/
13814.1
=
-0.024439
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.
Fagerhult Group AB has a M-score of -2.55 suggests that the company is unlikely to be a manipulator.
Fagerhult Group AB (OSTO:FAG) has a Beneish M-Score of -2.55 as of Jul. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Fagerhult Group AB and its competitors. According to the industry distribution chart, Fagerhult Group AB ranks #1191 out of 2909 companies in the Industrial Products industry, placing it in the top 40.9%.
Is Fagerhult Group AB's Beneish M-Score too high?
Fagerhult Group AB's current Beneish M-Score is -2.55. Based on the distribution chart, Fagerhult Group AB ranks #1191 out of 2909 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Fagerhult Group AB has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fagerhult Group AB's Beneish M-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Fagerhult Group AB ranks #1191 out of 2909 companies for Beneish M-Score. This puts Fagerhult Group 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Fagerhult Group AB and its competitors. Fagerhult Group AB's current Beneish M-Score is -2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fagerhult Group AB stock overvalued right now?
Based on GuruFocus' analysis, Fagerhult Group AB (OSTO:FAG) is currently considered Possible Value Trap. The stock's GF Value™ is kr47.93, compared to a current price of kr17.74 — trading 63% below its estimated fair value. The current Beneish M-Score is -2.55. Fagerhult Group AB's overall GF Score™ is 61/100 with 5 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 Fagerhult Group AB (OSTO:FAG), the current Beneish M-Score is -2.55 as of Jul. 20, 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 Fagerhult Group AB (OSTO:FAG) Overvalued in 2026?
Based on GuruFocus' analysis, Fagerhult Group AB stock appears to be undervalued.
The current stock price of kr17.74 is trading 63% below its estimated GF Value™ of kr47.93.
GuruFocus considers Fagerhult Group AB to be Possible Value Trap.
Key valuation signals for OSTO:FAG:
Beneish M-Score: -2.55
GF Value™: kr47.93 vs. price of kr17.74 (63% below fair value)
No single metric tells the full story. See the OSTO:FAG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fagerhult Group AB is a Swedish-based company that develops, manufactures, and markets professional lighting solutions. The company segments its brands in four business areas with similar focuses on customers and geographical coverage: Collection, Premium, Professional, and Infrastructure. The company's main market includes Europe, but also present in North America, Africa, Asia, and Australia. The brands of the company consist of atelje Lyktan, iGuzzini, LED Linear, Fagerhult, LTS, Arlight, Eagle Lighting, Whitecroft, Designplan, I-Valo and Veko.
61GF Score
Get the complete analysis for OSTO:FAG
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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