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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.
The historical rank and industry rank for Ranplan Group AB's Beneish M-Score or its related term are showing as below:
During the past 10 years, the highest Beneish M-Score of Ranplan Group AB was 0.00. The lowest was 0.00. And the median was 0.00.
Ranplan Group AB Beneish M-Score Related Terms
Ranplan Group AB Beneish M-Score Historical Data
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The historical data trend for Ranplan 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:RPLAN vs UBER, SHOP, CRM: Beneish M-Score Comparison
For the Software - Application subindustry, Ranplan 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.
Ranplan Group AB Beneish M-Score vs Software Industry
For the Software industry and Technology sector, Ranplan Group AB's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Ranplan 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 Ranplan 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 *
+
0.528 *
+
0.404 *
+
0.892 *
+
0.115 *
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 *
+
4.679 *
-
0.327 *
=
* 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 + 0))
/
(0 / (0 + 0))
=
/
=
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
=
(-16.077 - 0
-
-17.784)
/
13.803
=
0.123669
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.
Ranplan Group AB (OSTO:RPLAN) has a Beneish M-Score of 0.00 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ranplan Group AB and its competitors. According to the industry distribution chart, Ranplan Group AB ranks #999999 out of 2631 companies in the Software industry.
Is Ranplan Group AB's Beneish M-Score too high?
Ranplan Group AB's current Beneish M-Score is 0.00. Based on the distribution chart, Ranplan Group AB ranks #999999 out of 2631 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Ranplan Group AB has a GF Score™ of 26/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ranplan Group AB's Beneish M-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Ranplan Group AB ranks #999999 out of 2631 companies for Beneish M-Score. This places Ranplan Group 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 Ranplan Group AB and its competitors. Ranplan Group AB's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ranplan Group AB stock overvalued right now?
Based on GuruFocus' analysis, Ranplan Group AB (OSTO:RPLAN) is currently considered Significantly Overvalued. The stock's GF Value™ is kr0.53, compared to a current price of kr1.12 — trading 111.3% above its estimated fair value. The current Beneish M-Score is 0.00. Ranplan Group AB's overall GF Score™ is 26/100 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 Ranplan Group AB (OSTO:RPLAN), the current Beneish M-Score is 0.00 as of Jul. 15, 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 Ranplan Group AB (OSTO:RPLAN) Overvalued in 2026?
Based on GuruFocus' analysis, Ranplan Group AB stock appears to be overvalued.
The current stock price of kr1.12 is trading 111.3% above its estimated GF Value™ of kr0.53.
GuruFocus considers Ranplan Group AB to be Significantly Overvalued.
Key valuation signals for OSTO:RPLAN:
Beneish M-Score: 0.00
GF Value™: kr0.53 vs. price of kr1.12 (111.3% above fair value)
No single metric tells the full story. See the OSTO:RPLAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ranplan Group AB is a software company that develops, markets and sells (licenses) a suite of solutions that allow principally mobile operators, telecommunication equipment vendors and system integrators to cost-effectively and accurately plan, design and optimize for example 4G, 5G and Wi-Fi wireless networks inside the walls of buildings and in outdoor urban environments. Its purpose of an in-building wireless network is to provide enhanced network coverage and capacity when the existing outdoor network is not able to adequately satisfy the exacting requirements. Its products are Professional, In-building, Tablet, Academic, Viewer and solutions 5G, WIFI network, green network, Hetnet network, IoT, etc. The company has sales in Asia, North America and Europe, the Middle East and Africa.
26GF Score
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