Greater Than AB (OSTO:GREAT) Beneish M-Score: -0.25 (As of Jul. 06, 2026)

What is Greater Than AB Beneish M-Score?

Greater Than AB OSTO:GREAT +1.31% 49 Beneish M-Score is -0.25 as of Jul. 06, 2026. GuruFocus rates OSTO:GREAT with a GF Score™ of 49/100 and a GF Value™ of kr7.27 (Fairly Valued). The stock has 6 warning signs investors should review. Among 2,626 Software companies, Greater Than AB ranks worse than 92.54% 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.

Warning Sign:

Beneish M-Score -0.25 higher than -1.78, which implies that the company might have manipulated its financial results.

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

OSTO:GREAT' s Beneish M-Score Range Over the Past 10 Years
Min: -6.72 Med: -2.18 Max: 22.75
Current: -0.25

During the past 13 years, the highest Beneish M-Score of Greater Than AB was 22.75. The lowest was -6.72. And the median was -2.18.

Greater Than AB Beneish M-Score Related Terms

Greater Than AB Beneish M-Score Historical Data

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The historical data trend for Greater Than 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.

Greater Than AB Beneish M-Score Chart

Greater Than AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.04

0.16

22.75

-0.52

-0.25

Greater Than 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															0.00	0.00	0.00	-0.25	0.00

OSTO:GREAT vs UBER, SHOP, CRM: Beneish M-Score Comparison

For the Software - Application subindustry, Greater Than 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.

Greater Than AB Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Greater Than AB's Beneish M-Score distribution charts can be found below:

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

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49GF Score

Greater Than AB OSTO:GREAT

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

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Greater Than 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 Greater Than 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 * 5.7747

0.528 * -0.293

0.404 * 1.0256

0.892 * 0.1413

0.115 * 0.9287

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * -0.165433

0.327 * 0.8099

-0.25

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was kr25.32 Mil.
Revenue was kr5.74 Mil.
Gross Profit was kr-10.05 Mil.
Total Current Assets was kr72.18 Mil.
Total Assets was kr98.78 Mil.
Property, Plant and Equipment(Net PPE) was kr0.07 Mil.
Depreciation, Depletion and Amortization(DDA) was kr5.57 Mil.
Selling, General, & Admin. Expense(SGA) was kr0.00 Mil.
Total Current Liabilities was kr13.57 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.
Net Income was kr-57.16 Mil.
Gross Profit was kr0.00 Mil.
Cash Flow from Operations was kr-40.82 Mil.

Total Receivables was kr31.02 Mil.
Revenue was kr40.60 Mil.
Gross Profit was kr20.84 Mil.
Total Current Assets was kr68.70 Mil.
Total Assets was kr93.76 Mil.
Property, Plant and Equipment(Net PPE) was kr0.50 Mil.
Depreciation, Depletion and Amortization(DDA) was kr5.57 Mil.
Selling, General, & Admin. Expense(SGA) was kr0.00 Mil.
Total Current Liabilities was kr15.90 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.00 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)
	=	(25.316 / 5.737)	/	(31.021 / 40.595)
	=	4.412759	/	0.764158
	=	5.7747

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)
	=	(20.843 / 40.595)	/	(-10.053 / 5.737)
	=	0.513438	/	-1.75231
	=	-0.293

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 - (72.177 + 0.068) / 98.777)	/	(1 - (68.702 + 0.501) / 93.76)
	=	0.268605	/	0.261913
	=	1.0256

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
	=	5.737	/	40.595
	=	0.1413

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))
	=	(5.574 / (5.574 + 0.501))	/	(5.572 / (5.572 + 0.068))
	=	0.917531	/	0.987943
	=	0.9287

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)
	=	(0 / 5.737)	/	(0 / 40.595)
	=	0	/	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)
	=	((0 + 13.566) / 98.777)	/	((0 + 15.899) / 93.76)
	=	0.13734	/	0.169571
	=	0.8099

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
	=	(-57.162 - 0	-	-40.821)	/	98.777
	=	-0.165433

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.

Greater Than AB has a M-score of -0.25 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of -0.25 mean?

Greater Than AB (OSTO:GREAT) has a Beneish M-Score of -0.25 as of Jul. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Greater Than AB and its competitors. According to the industry distribution chart, Greater Than AB ranks #2430 out of 2626 companies in the Software industry, placing it in the top 92.5%.

Is Greater Than AB's Beneish M-Score too high?

Greater Than AB's current Beneish M-Score is -0.25. Based on the distribution chart, Greater Than AB ranks #2430 out of 2626 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Greater Than AB has a GF Score™ of 49/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Greater Than AB's Beneish M-Score compare to UBER and SHOP?

According to the Software industry distribution chart, Greater Than AB ranks #2430 out of 2626 companies for Beneish M-Score. This places Greater Than AB in the lower 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 Software company?

A good Beneish M-Score depends on the Software 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 Greater Than AB and its competitors. Greater Than AB's current Beneish M-Score is -0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Greater Than AB stock overvalued right now?

Based on GuruFocus' analysis, Greater Than AB (OSTO:GREAT) is currently considered Fairly Valued. The stock's GF Value™ is kr7.27, compared to a current price of kr7.72 — trading 6.2% above its estimated fair value. The current Beneish M-Score is -0.25. Greater Than AB's overall GF Score™ is 49/100 with 6 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 Greater Than AB (OSTO:GREAT), the current Beneish M-Score is -0.25 as of Jul. 06, 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 Greater Than AB (OSTO:GREAT) Overvalued in 2026?

Based on GuruFocus' analysis, Greater Than AB stock appears to be overvalued. The current stock price of kr7.72 is trading 6.2% above its estimated GF Value™ of kr7.27. GuruFocus considers Greater Than AB to be Fairly Valued.

Key valuation signals for OSTO:GREAT:

Beneish M-Score: -0.25
GF Value™: kr7.27 vs. price of kr7.72 (6.2% above fair value)
GF Score™: 49/100 with 6 warning signs

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

Greater Than AB Business Description

Industry Technology Software

Comparable Companies OSTO:SFTR OSTO:OODA OSTO:KLIMAT OSTO:ALBERT NGM:NOWO XSAT:OPSYH OSTO:DEVP B OSTO:RPLAN OSTO:MODEL OSTO:CHECK XTER:SAP UBER SHOP CRM CDNS NOW ADP SNOW DDOG ADBE

Address Karlavagen 58, Stockholm, SWE, 114 49

Website https://www.greaterthan.eu

Greater Than AB is a driving data analytics company that uses artificial intelligence to convert GPS data into driver scores that predict crash probability and climate impact. Insurance companies, underwriters, fleet solution providers, mobility providers and other owners of GPS data use Greater Than's analysis to optimize driver risk management, achieve insurance profitability, manage sustainability and ESG reporting, and monetize GPS data.

49GF Score

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

kr7.72

Price

kr7.27

GF Value

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