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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 -2.3 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Seafire AB's Beneish M-Score or its related term are showing as below:
OSTO:SEAF'
s Beneish M-Score Range Over the Past 10 Years
Min: -1057.9 Med: -1.71 Max: 6.05
Current: -2.3
During the past 13 years, the highest Beneish M-Score of Seafire AB was 6.05. The lowest was -1057.90. And the median was -1.71.
Seafire AB Beneish M-Score Related Terms
Seafire AB Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Seafire 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:SEAF vs BLK, BX, KKR: Beneish M-Score Comparison
For the Asset Management subindustry, Seafire 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.
Seafire AB Beneish M-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Seafire AB's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Seafire 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 Seafire 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 * 1.169
+
0.528 * 0.9895
+
0.404 * 1.0552
+
0.892 * 1.0265
+
0.115 * 1.807
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.024186
-
0.327 * 0.9838
=
-2.30
* 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))
=
(176 / (176 + 176))
/
(57 / (57 + 149))
=
0.5
/
0.276699
=
1.807
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
=
(-4 - 0
-
22)
/
1075
=
-0.024186
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.
Seafire AB has a M-score of -2.30 suggests that the company is unlikely to be a manipulator.
Seafire AB (OSTO:SEAF) has a Beneish M-Score of -2.30 as of Jul. 19, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Seafire AB and its competitors. According to the industry distribution chart, Seafire AB ranks #460 out of 952 companies in the Asset Management industry, placing it in the top 48.3%.
Is Seafire AB's Beneish M-Score too high?
Seafire AB's current Beneish M-Score is -2.30. Based on the distribution chart, Seafire AB ranks #460 out of 952 companies in the Asset Management industry, which is above the industry midpoint. Overall, Seafire AB has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Seafire AB's Beneish M-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Seafire AB ranks #460 out of 952 companies for Beneish M-Score. This puts Seafire 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 Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 Seafire AB and its competitors. Seafire AB's current Beneish M-Score is -2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seafire AB stock overvalued right now?
Based on GuruFocus' analysis, Seafire AB (OSTO:SEAF) is currently considered Modestly Overvalued. The stock's GF Value™ is kr6.42, compared to a current price of kr7.14 — trading 11.2% above its estimated fair value. The current Beneish M-Score is -2.30. Seafire AB's overall GF Score™ is 64/100 with 4 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 Seafire AB (OSTO:SEAF), the current Beneish M-Score is -2.30 as of Jul. 19, 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 Seafire AB (OSTO:SEAF) Overvalued in 2026?
Based on GuruFocus' analysis, Seafire AB stock appears to be overvalued.
The current stock price of kr7.14 is trading 11.2% above its estimated GF Value™ of kr6.42.
GuruFocus considers Seafire AB to be Modestly Overvalued.
Key valuation signals for OSTO:SEAF:
Beneish M-Score: -2.30
GF Value™: kr6.42 vs. price of kr7.14 (11.2% above fair value)
No single metric tells the full story. See the OSTO:SEAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Seafire AB is a Sweden-based company engaged in acquiring and developing companies with business models, market positions, and brands. The company has two business segments: Industrial components and Products. The Industrial components, which generate the majority of revenue, include Bara Mineraler AB, Farg-in AB, Pexymek AB, Thor Ahlgren AB, Akerstedts Verkstads AB, DOFAB AB, Kenpo Sandwich, and Boro-Pannan AB. The products segment includes Luda.Farm AB, Nordbutiker AB, SolidEngineer AB, and OPO Scandinavia AB. Geographically, the company generates the majority of its revenue from Sweden.
64GF Score
Get the complete analysis for OSTO:SEAF
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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