Swedish Logistic Property AB (OSTO:SLP B) Beneish M-Score: -2.11 (As of Jul. 23, 2026)

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OSTO:SLP B Swedish Logistic Property AB OSTO:SLP B
88 GF Score
Price kr36.70
GF Value kr48.65
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Swedish Logistic Property AB Beneish M-Score?

Swedish Logistic Property AB OSTO:SLP B +1.10% 88 Beneish M-Score is -2.11 as of Jul. 23, 2026. GuruFocus rates OSTO:SLP B with a GF Score™ of 88/100 and a GF Value™ of kr48.65 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,683 Real Estate companies, Swedish Logistic Property AB ranks worse than 64.53% 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.

Good Sign:

Beneish M-Score -2.11 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

OSTO:SLP B' s Beneish M-Score Range Over the Past 10 Years
Min: -2.2   Med: -2.08   Max: -1.91
Current: -2.11

During the past 7 years, the highest Beneish M-Score of Swedish Logistic Property AB was -1.91. The lowest was -2.20. And the median was -2.08.


Swedish Logistic Property AB Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Swedish Logistic Property 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.

Swedish Logistic Property AB Beneish M-Score Chart

Swedish Logistic Property AB Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 -1.94 -2.16 -2.07 -2.08

Swedish Logistic Property AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -2.09 -2.04 -2.08 -2.12 -2.11

OSTO:SLP B vs CBRE, BEKE, JLL: Beneish M-Score Comparison

For the Real Estate Services subindustry, Swedish Logistic Property 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.


Swedish Logistic Property AB Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Swedish Logistic Property AB's Beneish M-Score distribution charts can be found below:

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


OSTO:SLP B
88GF Score
Swedish Logistic Property AB OSTO:SLP B
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Swedish Logistic Property 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 Swedish Logistic Property 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+0.528 * 0.9874+0.404 * 1.0054+0.892 * 1.3113+0.115 * 1.1103
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7332+4.679 * 0.007271-0.327 * 0.9846
=-2.11

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was kr0 Mil.
Revenue was 311 + 296 + 271 + 255 = kr1,133 Mil.
Gross Profit was 278 + 258 + 235 + 229 = kr1,000 Mil.
Total Current Assets was kr219 Mil.
Total Assets was kr20,081 Mil.
Property, Plant and Equipment(Net PPE) was kr140 Mil.
Depreciation, Depletion and Amortization(DDA) was kr1 Mil.
Selling, General, & Admin. Expense(SGA) was kr25 Mil.
Total Current Liabilities was kr3,139 Mil.
Long-Term Debt & Capital Lease Obligation was kr6,977 Mil.
Net Income was 146 + 231 + 220 + 151 = kr748 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = kr0 Mil.
Cash Flow from Operations was 146 + 112 + 170 + 174 = kr602 Mil.
Total Receivables was kr0 Mil.
Revenue was 253 + 236 + 194 + 181 = kr864 Mil.
Gross Profit was 224 + 204 + 166 + 159 = kr753 Mil.
Total Current Assets was kr260 Mil.
Total Assets was kr16,705 Mil.
Property, Plant and Equipment(Net PPE) was kr126 Mil.
Depreciation, Depletion and Amortization(DDA) was kr1 Mil.
Selling, General, & Admin. Expense(SGA) was kr26 Mil.
Total Current Liabilities was kr1,378 Mil.
Long-Term Debt & Capital Lease Obligation was kr7,169 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)
=(0 / 1133) / (0 / 864)
=0 / 0
=1

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)
=(753 / 864) / (1000 / 1133)
=0.871528 / 0.882613
=0.9874

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 - (219 + 140) / 20081) / (1 - (260 + 126) / 16705)
=0.982122 / 0.976893
=1.0054

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
=1133 / 864
=1.3113

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))
=(1 / (1 + 126)) / (1 / (1 + 140))
=0.007874 / 0.007092
=1.1103

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)
=(25 / 1133) / (26 / 864)
=0.022065 / 0.030093
=0.7332

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)
=((6977 + 3139) / 20081) / ((7169 + 1378) / 16705)
=0.50376 / 0.511643
=0.9846

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
=(748 - 0 - 602) / 20081
=0.007271

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.

Swedish Logistic Property AB has a M-score of -2.11 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 -2.11 mean?
Swedish Logistic Property AB (OSTO:SLP B) has a Beneish M-Score of -2.11 as of Jul. 23, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Swedish Logistic Property AB and its competitors. According to the industry distribution chart, Swedish Logistic Property AB ranks #1086 out of 1683 companies in the Real Estate industry, placing it in the top 64.5%.
Is Swedish Logistic Property AB's Beneish M-Score too high?
Swedish Logistic Property AB's current Beneish M-Score is -2.11. Based on the distribution chart, Swedish Logistic Property AB ranks #1086 out of 1683 companies in the Real Estate industry, which is below the industry midpoint. Overall, Swedish Logistic Property AB has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Swedish Logistic Property AB's Beneish M-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Swedish Logistic Property AB ranks #1086 out of 1683 companies for Beneish M-Score. This places Swedish Logistic Property 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Swedish Logistic Property AB and its competitors. Swedish Logistic Property AB's current Beneish M-Score is -2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swedish Logistic Property AB stock overvalued right now?
Based on GuruFocus' analysis, Swedish Logistic Property AB (OSTO:SLP B) is currently considered Modestly Undervalued. The stock's GF Value™ is kr48.65, compared to a current price of kr36.70 — trading 24.6% below its estimated fair value. The current Beneish M-Score is -2.11. Swedish Logistic Property AB's overall GF Score™ is 88/100 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 Swedish Logistic Property AB (OSTO:SLP B), the current Beneish M-Score is -2.11 as of Jul. 23, 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 Swedish Logistic Property AB (OSTO:SLP B) Overvalued in 2026?

Based on GuruFocus' analysis, Swedish Logistic Property AB stock appears to be undervalued. The current stock price of kr36.70 is trading 24.6% below its estimated GF Value™ of kr48.65. GuruFocus considers Swedish Logistic Property AB to be Modestly Undervalued.

Key valuation signals for OSTO:SLP B:

  • Beneish M-Score: -2.11
  • GF Value™: kr48.65 vs. price of kr36.70 (24.6% below fair value)
  • GF Score™: 88/100 with 4 warning signs

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


Swedish Logistic Property AB Business Description

Other Exchanges SLPBs:UK
Address Krusegrand 42 D, Malmo, SWE, 212 25
Swedish Logistic Property AB is a Swedish real estate company that acquires, refines, and manages logistics properties. Its property portfolio includes both large modern logistics facilities and smaller properties that are optimal for city logistics, and are mainly concentrated in southern Sweden and the Stockholm area. The company generates a majority of revenue in the form of rental income from investment properties, followed by service and other income.
88GF Score

Get the complete analysis for OSTO:SLP B

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

kr36.70
Price
kr48.65
GF Value