Solid Forsakringsaktiebolag (OSTO:SFAB) Beneish M-Score: 0.00 (As of Jun. 25, 2026)


OSTO:SFAB Solid Forsakringsaktiebolag OSTO:SFAB
78 GF Score
Price kr104.20
GF Value kr75.09
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Solid Forsakringsaktiebolag Beneish M-Score?

Solid Forsakringsaktiebolag OSTO:SFAB -0.38% 78 Beneish M-Score is 0.00 as of Jun. 25, 2026. GuruFocus rates OSTO:SFAB with a GF Score™ of 78/100 and a GF Value™ of kr75.09 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 397 Insurance companies, Solid Forsakringsaktiebolag ranks worse than 251888.92% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 Solid Forsakringsaktiebolag's Beneish M-Score or its related term are showing as below:

During the past 8 years, the highest Beneish M-Score of Solid Forsakringsaktiebolag was 0.00. The lowest was 0.00. And the median was 0.00.

OSTO:SFAB
78GF Score
Solid Forsakringsaktiebolag OSTO:SFAB
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Solid Forsakringsaktiebolag 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 Solid Forsakringsaktiebolag 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was kr110 Mil.
Revenue was 261.416 + 283.705 + 285.938 + 285.65 = kr1,117 Mil.
Gross Profit was 261.416 + 283.705 + 285.938 + 285.65 = kr1,117 Mil.
Total Current Assets was kr0 Mil.
Total Assets was kr1,646 Mil.
Property, Plant and Equipment(Net PPE) was kr0 Mil.
Depreciation, Depletion and Amortization(DDA) was kr0 Mil.
Selling, General, & Admin. Expense(SGA) was kr132 Mil.
Total Current Liabilities was kr0 Mil.
Long-Term Debt & Capital Lease Obligation was kr0 Mil.
Net Income was 22.001 + 38.432 + 43.308 + 35.691 = kr139 Mil.
Non Operating Income was 2.252 + 3.529 + -0.193 + 0.193 = kr6 Mil.
Cash Flow from Operations was 51.238 + 38.414 + 73.485 + 53.755 = kr217 Mil.
 Total Receivables was kr98 Mil.
Revenue was 287.147 + 280.857 + 323.229 + 310.925 = kr1,202 Mil.
Gross Profit was 287.147 + 280.857 + 323.229 + 310.925 = kr1,202 Mil.
Total Current Assets was kr0 Mil.
Total Assets was kr1,689 Mil.
Property, Plant and Equipment(Net PPE) was kr0 Mil.
Depreciation, Depletion and Amortization(DDA) was kr0 Mil.
Selling, General, & Admin. Expense(SGA) was kr125 Mil.
Total Current Liabilities was kr0 Mil.
Long-Term Debt & Capital Lease Obligation was kr0 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)
=(109.793 / 1116.709) / (98.183 / 1202.158)
=0.098318 / 0.081672
=

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)
=(1202.158 / 1202.158) / (1116.709 / 1116.709)
=1 / 1
=

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 - (0 + 0) / 1646.305) / (1 - (0 + 0) / 1688.664)
=1 / 1
=

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
=1116.709 / 1202.158
=

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))
= /
=

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)
=(131.733 / 1116.709) / (124.919 / 1202.158)
=0.117965 / 0.103912
=

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 + 0) / 1646.305) / ((0 + 0) / 1688.664)
=0 / 0
=

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
=(139.432 - 5.781 - 216.892) / 1646.305
=-0.050562

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Solid Forsakringsaktiebolag (OSTO:SFAB) has a Beneish M-Score of 0.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Solid Forsakringsaktiebolag and its competitors. According to the industry distribution chart, Solid Forsakringsaktiebolag ranks #999999 out of 397 companies in the Insurance industry.
Is Solid Forsakringsaktiebolag's Beneish M-Score too high?
Solid Forsakringsaktiebolag's current Beneish M-Score is 0.00. Based on the distribution chart, Solid Forsakringsaktiebolag ranks #999999 out of 397 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Solid Forsakringsaktiebolag has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Solid Forsakringsaktiebolag's Beneish M-Score compare to FNF and AXS?
According to the Insurance industry distribution chart, Solid Forsakringsaktiebolag ranks #999999 out of 397 companies for Beneish M-Score. This places Solid Forsakringsaktiebolag 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 an Insurance company?
A good Beneish M-Score depends on the Insurance 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 Solid Forsakringsaktiebolag and its competitors. Solid Forsakringsaktiebolag'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 Solid Forsakringsaktiebolag stock overvalued right now?
Based on GuruFocus' analysis, Solid Forsakringsaktiebolag (OSTO:SFAB) is currently considered Significantly Overvalued. The stock's GF Value™ is kr75.09, compared to a current price of kr104.20 — trading 38.8% above its estimated fair value. The current Beneish M-Score is 0.00. Solid Forsakringsaktiebolag's overall GF Score™ is 78/100 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 Solid Forsakringsaktiebolag (OSTO:SFAB), the current Beneish M-Score is 0.00 as of Jun. 25, 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 Solid Forsakringsaktiebolag (OSTO:SFAB) Overvalued in 2026?

Based on GuruFocus' analysis, Solid Forsakringsaktiebolag stock appears to be overvalued. The current stock price of kr104.20 is trading 38.8% above its estimated GF Value™ of kr75.09. GuruFocus considers Solid Forsakringsaktiebolag to be Significantly Overvalued.

Key valuation signals for OSTO:SFAB:

  • Beneish M-Score: 0.00
  • GF Value™: kr75.09 vs. price of kr104.20 (38.8% above fair value)
  • GF Score™: 78/100 with 5 warning signs

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

Solid Forsakringsaktiebolag Business Description

Other Exchanges RR5:Germany
Address Landskronavagen 23, Box 220 68, Helsingborg, SWE, 250 22
Solid Forsakringsaktiebolag is a niche insurance company in the Nordic region in non-life insurance. The company sells insurance in three different segments, which include Product, Personal Safety, and Assistance. Geographically, it has a presence in Sweden, Norway, Denmark, Finland, and other countries. It generates the majority of its revenue from Sweden.
78GF Score

Get the complete analysis for OSTO:SFAB

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

kr104.20
Price
kr75.09
GF Value