Sileon AB (OSTO:SILEON) Beneish M-Score: -3.02 (As of Sep. 22, 2026)

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OSTO:SILEON Sileon AB OSTO:SILEON
18 GF Score
Price kr1.80
GF Value kr0.02
! 4 Warning Signs
View Full Analysis

What is Sileon AB Beneish M-Score?

Sileon AB OSTO:SILEON 18 Beneish M-Score is -3.02 as of Sep. 22, 2026. GuruFocus rates OSTO:SILEON with a GF Score™ of 18/100 and a GF Value™ of kr0.02. The stock has 4 warning signs investors should review.

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 -3.02 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

OSTO:SILEON' s Beneish M-Score Range Over the Past 10 Years
Min: -22.01   Med: -3.2   Max: -0.17
Current: -3.02

During the past 13 years, the highest Beneish M-Score of Sileon AB was -0.17. The lowest was -22.01. And the median was -3.20.

Sileon AB Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Sileon 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.

Sileon AB Beneish M-Score Chart

Sileon AB Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -2.00 -3.04 - -

Sileon AB Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.86 -3.93 -5.21 -4.11 -4.14

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

For the Software - Application subindustry, Sileon 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.

Sileon AB Beneish M-Score vs Software Industry

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

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


OSTO:SILEON
18GF Score
Sileon AB OSTO:SILEON
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sileon 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 Sileon 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 * 0.5459+0.528 * 0.3443+0.404 * 2.0985+0.892 * 0.3341+0.115 * 0.8442
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.6519+4.679 * -0.127398-0.327 * 0.6194
=-4.00

* 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 (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was kr4.96 Mil.
Revenue was 0 + 0.178 + 0.172 + 6.139 = kr6.49 Mil.
Gross Profit was -5.052 + -6.85 + -10.304 + -15.11 = kr-37.32 Mil.
Total Current Assets was kr6.55 Mil.
Total Assets was kr63.81 Mil.
Property, Plant and Equipment(Net PPE) was kr5.96 Mil.
Depreciation, Depletion and Amortization(DDA) was kr10.28 Mil.
Selling, General, & Admin. Expense(SGA) was kr5.38 Mil.
Total Current Liabilities was kr21.61 Mil.
Long-Term Debt & Capital Lease Obligation was kr15.44 Mil.
Net Income was -10.04 + -11.146 + -14.54 + -18.92 = kr-54.65 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = kr0.00 Mil.
Cash Flow from Operations was -5.988 + -10.389 + -17.461 + -12.679 = kr-46.52 Mil.
 Total Receivables was kr27.20 Mil.
Revenue was 0.245 + 0 + 9.482 + 9.694 = kr19.42 Mil.
Gross Profit was -15.033 + -4.444 + -9.435 + -9.546 = kr-38.46 Mil.
Total Current Assets was kr95.49 Mil.
Total Assets was kr168.40 Mil.
Property, Plant and Equipment(Net PPE) was kr8.39 Mil.
Depreciation, Depletion and Amortization(DDA) was kr9.63 Mil.
Selling, General, & Admin. Expense(SGA) was kr9.74 Mil.
Total Current Liabilities was kr116.63 Mil.
Long-Term Debt & Capital Lease Obligation was kr41.24 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)
=(4.961 / 6.489) / (27.198 / 19.421)
=0.764525 / 1.400443
=0.5459

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)
=(-38.458 / 19.421) / (-37.316 / 6.489)
=-1.980228 / -5.750655
=0.3443

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 - (6.548 + 5.956) / 63.808) / (1 - (95.492 + 8.385) / 168.397)
=0.804037 / 0.383142
=2.0985

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
=6.489 / 19.421
=0.3341

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))
=(9.631 / (9.631 + 8.385)) / (10.283 / (10.283 + 5.956))
=0.53458 / 0.633229
=0.8442

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)
=(5.378 / 6.489) / (9.744 / 19.421)
=0.828787 / 0.501725
=1.6519

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)
=((15.436 + 21.612) / 63.808) / ((41.239 + 116.626) / 168.397)
=0.580617 / 0.937457
=0.6194

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
=(-54.646 - 0 - -46.517) / 63.808
=-0.127398

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.

Sileon AB has a M-score of -4.00 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -3.02 mean?
Sileon AB (OSTO:SILEON) has a Beneish M-Score of -3.02 as of Sep. 22, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sileon AB and its competitors.
Is Sileon AB's Beneish M-Score too high?
Sileon AB's current Beneish M-Score is -3.02. Overall, Sileon AB has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Sileon AB's Beneish M-Score compare to CRM and SHOP?
Sileon AB's Beneish M-Score of -3.02 can be compared against companies in the Software 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 Sileon AB and its competitors. Sileon AB's current Beneish M-Score is -3.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sileon AB stock overvalued right now?
Sileon AB (OSTO:SILEON) has a current Beneish M-Score of -3.02. The stock's GF Value™ is kr0.02, compared to a current price of kr1.80 — trading 8900% above its estimated fair value. The current Beneish M-Score is -3.02. Sileon AB's overall GF Score™ is 18/100 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 Sileon AB (OSTO:SILEON), the current Beneish M-Score is -3.02 as of Sep. 22, 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 Sileon AB (OSTO:SILEON) Overvalued in 2026?

Based on GuruFocus' analysis, Sileon AB stock appears to be overvalued. The current stock price of kr1.80 is trading 8900% above its estimated GF Value™ of kr0.02.

Key valuation signals for OSTO:SILEON:

  • Beneish M-Score: -3.02
  • GF Value™: kr0.02 vs. price of kr1.80 (8900% above fair value)
  • GF Score™: 18/100 with 4 warning signs

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

Sileon AB Business Description

Address Soder Malarstrand 45, Stockholm, SWE, SE-118 25
Sileon AB is a fintech company that offers an Buy Now Pay Later (BNPL) SaaS functionality to banks, card issuers, and fintechs. Its BNPL services, lenders can add BNPL to their existing transactions and operate their own B2B or B2C BNPL business.
18GF Score

Get the complete analysis for OSTO:SILEON

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

kr1.80
Price
kr0.02
GF Value