Sibek AB (publ) (OSTO:SIBEK) Beneish M-Score: 0.00 (As of Jun. 28, 2026)


OSTO:SIBEK Sibek AB (publ) OSTO:SIBEK
41 GF Score
Price kr54.00
GF Value kr42.70
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Sibek AB (publ) Beneish M-Score?

Sibek AB (publ) OSTO:SIBEK -0.37% 41 Beneish M-Score is 0.00 as of Jun. 28, 2026. GuruFocus rates OSTO:SIBEK with a GF Score™ of 41/100 and a GF Value™ of kr42.70 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,020 Business Services companies, Sibek AB (publ) ranks worse than 98039.12% 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.

The historical rank and industry rank for Sibek AB (publ)'s Beneish M-Score or its related term are showing as below:

During the past 5 years, the highest Beneish M-Score of Sibek AB (publ) was 0.00. The lowest was 0.00. And the median was 0.00.

Sibek AB (publ) Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Sibek AB (publ)'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.

Sibek AB (publ) Beneish M-Score Chart

Sibek AB (publ) Annual Data
Trend Apr22 Apr23 Apr24 Apr25 Apr26
Beneish M-Score
0.00 0.00 0.00 0.00 0.00

Sibek AB (publ) Quarterly Data
Apr22 Jul22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

OSTO:SIBEK vs ALLE, MSA, ADT: Beneish M-Score Comparison

For the Security & Protection Services subindustry, Sibek AB (publ)'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.

Sibek AB (publ) Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Sibek AB (publ)'s Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Sibek AB (publ)'s Beneish M-Score falls into.


OSTO:SIBEK
41GF Score
Sibek AB (publ) OSTO:SIBEK
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sibek AB (publ) 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 Sibek AB (publ) 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 (Apr26) TTM:Last Year (Apr25) TTM:
Total Receivables was kr50.4 Mil.
Revenue was kr180.9 Mil.
Gross Profit was kr142.9 Mil.
Total Current Assets was kr87.9 Mil.
Total Assets was kr90.3 Mil.
Property, Plant and Equipment(Net PPE) was kr2.4 Mil.
Depreciation, Depletion and Amortization(DDA) was kr0.4 Mil.
Selling, General, & Admin. Expense(SGA) was kr0.0 Mil.
Total Current Liabilities was kr28.7 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.0 Mil.
Net Income was kr24.7 Mil.
Gross Profit was kr0.0 Mil.
Cash Flow from Operations was kr17.8 Mil.
 Total Receivables was kr37.4 Mil.
Revenue was kr158.6 Mil.
Gross Profit was kr123.9 Mil.
Total Current Assets was kr81.3 Mil.
Total Assets was kr82.9 Mil.
Property, Plant and Equipment(Net PPE) was kr1.5 Mil.
Depreciation, Depletion and Amortization(DDA) was kr0.2 Mil.
Selling, General, & Admin. Expense(SGA) was kr0.0 Mil.
Total Current Liabilities was kr25.7 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.0 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)
=(50.389 / 180.906) / (37.368 / 158.613)
=0.278537 / 0.235592
=

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)
=(123.949 / 158.613) / (142.881 / 180.906)
=0.781455 / 0.789808
=

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 - (87.858 + 2.44) / 90.297) / (1 - (81.334 + 1.542) / 82.876)
=-1.1E-5 / 0
=

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
=180.906 / 158.613
=

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))
=(0.216 / (0.216 + 1.542)) / (0.392 / (0.392 + 2.44))
=0.122867 / 0.138418
=

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 / 180.906) / (0 / 158.613)
=0 / 0
=

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 + 28.742) / 90.297) / ((0 + 25.729) / 82.876)
=0.318305 / 0.310452
=

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
=(24.7 - 0 - 17.783) / 90.297
=0.076603

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?
Sibek AB (publ) (OSTO:SIBEK) has a Beneish M-Score of 0.00 as of Jun. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sibek AB (publ) and its competitors. According to the industry distribution chart, Sibek AB (publ) ranks #999999 out of 1020 companies in the Business Services industry.
Is Sibek AB (publ)'s Beneish M-Score too high?
Sibek AB (publ)'s current Beneish M-Score is 0.00. Based on the distribution chart, Sibek AB (publ) ranks #999999 out of 1020 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Sibek AB (publ) has a GF Score™ of 41/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sibek AB (publ)'s Beneish M-Score compare to ALLE and MSA?
According to the Business Services industry distribution chart, Sibek AB (publ) ranks #999999 out of 1020 companies for Beneish M-Score. This places Sibek AB (publ) 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 Business Services company?
A good Beneish M-Score depends on the Business Services 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 Sibek AB (publ) and its competitors. Sibek AB (publ)'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 Sibek AB (publ) stock overvalued right now?
Based on GuruFocus' analysis, Sibek AB (publ) (OSTO:SIBEK) is currently considered Modestly Overvalued. The stock's GF Value™ is kr42.70, compared to a current price of kr54.00 — trading 26.5% above its estimated fair value. The current Beneish M-Score is 0.00. Sibek AB (publ)'s overall GF Score™ is 41/100 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 Sibek AB (publ) (OSTO:SIBEK), the current Beneish M-Score is 0.00 as of Jun. 28, 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 Sibek AB (publ) (OSTO:SIBEK) Overvalued in 2026?

Based on GuruFocus' analysis, Sibek AB (publ) stock appears to be overvalued. The current stock price of kr54.00 is trading 26.5% above its estimated GF Value™ of kr42.70. GuruFocus considers Sibek AB (publ) to be Modestly Overvalued.

Key valuation signals for OSTO:SIBEK:

  • Beneish M-Score: 0.00
  • GF Value™: kr42.70 vs. price of kr54.00 (26.5% above fair value)
  • GF Score™: 41/100 with 4 warning signs

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

Sibek AB (publ) Business Description

Address Polygonvagen 39, Taby, SWE, 187 66
Sibek AB (publ) is a technology consultancy operating in infrastructure, specifically railways. The company specializes in the Swedish railway's signaling system. The single largest customer is the Swedish Transport Administration, followed by the Swedish Transport Administration (SL) within the Stockholm Region. This is followed by other actors operating within Swedish railways, such as contracting companies, signaling system suppliers and other technology consulting companies. The services the Company delivers can be mainly divided into: COMMISSIONING, PROJECTING, and PROJECT AND CONSTRUCTION MANAGEMENT.
41GF Score

Get the complete analysis for OSTO:SIBEK

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

kr54.00
Price
kr42.70
GF Value