TalkPool AG (OSTO:TALK) Beneish M-Score: -2.72 (As of Aug. 03, 2026)

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OSTO:TALK TalkPool AG OSTO:TALK
60 GF Score
Price kr15.40
GF Value kr7.27
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is TalkPool AG Beneish M-Score?

TalkPool AG OSTO:TALK 60 Beneish M-Score is -2.72 as of Aug. 03, 2026. GuruFocus rates OSTO:TALK with a GF Score™ of 60/100 and a GF Value™ of kr7.27 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 349 Telecommunication Services companies, TalkPool AG ranks worse than 57.59% 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 -2.72 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

OSTO:TALK' s Beneish M-Score Range Over the Past 10 Years
Min: -4.16   Med: -2.63   Max: -0.73
Current: -2.72

During the past 12 years, the highest Beneish M-Score of TalkPool AG was -0.73. The lowest was -4.16. And the median was -2.63.


TalkPool AG Beneish M-Score Historical Data

* Premium members only.

The historical data trend for TalkPool AG'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.

TalkPool AG Beneish M-Score Chart

TalkPool AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.62 -1.94 -2.10 -3.02 -2.83

TalkPool AG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -2.97 -2.97 -2.70 -2.83 -2.72

OSTO:TALK vs VZ, TMUS, T: Beneish M-Score Comparison

For the Telecom Services subindustry, TalkPool AG'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.


TalkPool AG Beneish M-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, TalkPool AG's Beneish M-Score distribution charts can be found below:

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


OSTO:TALK
60GF Score
TalkPool AG OSTO:TALK
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TalkPool AG 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 TalkPool AG 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 * 0.9512+0.528 * 1.0919+0.404 * 1.2338+0.892 * 1.0923+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0804+4.679 * -0.098227-0.327 * 0.8256
=-2.72

* 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 kr24.5 Mil.
Revenue was 51.228 + 51.898 + 47.634 + 46.32 = kr197.1 Mil.
Gross Profit was 12.689 + 13.363 + 12.728 + 11.266 = kr50.0 Mil.
Total Current Assets was kr53.3 Mil.
Total Assets was kr70.2 Mil.
Property, Plant and Equipment(Net PPE) was kr9.4 Mil.
Depreciation, Depletion and Amortization(DDA) was kr0.0 Mil.
Selling, General, & Admin. Expense(SGA) was kr36.2 Mil.
Total Current Liabilities was kr38.0 Mil.
Long-Term Debt & Capital Lease Obligation was kr7.5 Mil.
Net Income was 1.174 + 0.947 + 4.004 + 1.828 = kr8.0 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = kr0.0 Mil.
Cash Flow from Operations was -3.178 + 7.259 + 6.105 + 4.658 = kr14.8 Mil.
Total Receivables was kr23.6 Mil.
Revenue was 46.304 + 45.665 + 46.865 + 41.598 = kr180.4 Mil.
Gross Profit was 13.726 + 12.446 + 12.488 + 11.368 = kr50.0 Mil.
Total Current Assets was kr58.5 Mil.
Total Assets was kr71.0 Mil.
Property, Plant and Equipment(Net PPE) was kr6.4 Mil.
Depreciation, Depletion and Amortization(DDA) was kr0.0 Mil.
Selling, General, & Admin. Expense(SGA) was kr30.7 Mil.
Total Current Liabilities was kr48.9 Mil.
Long-Term Debt & Capital Lease Obligation was kr6.9 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)
=(24.526 / 197.08) / (23.607 / 180.432)
=0.124447 / 0.130836
=0.9512

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)
=(50.028 / 180.432) / (50.046 / 197.08)
=0.277268 / 0.253937
=1.0919

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 - (53.264 + 9.371) / 70.154) / (1 - (58.453 + 6.375) / 70.995)
=0.107178 / 0.086865
=1.2338

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
=197.08 / 180.432
=1.0923

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 + 6.375)) / (0 / (0 + 9.371))
=0 / 0
=1

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)
=(36.24 / 197.08) / (30.709 / 180.432)
=0.183885 / 0.170197
=1.0804

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)
=((7.508 + 37.99) / 70.154) / ((6.857 + 48.911) / 70.995)
=0.648545 / 0.78552
=0.8256

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
=(7.953 - 0 - 14.844) / 70.154
=-0.098227

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.

TalkPool AG has a M-score of -2.72 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 -2.72 mean?
TalkPool AG (OSTO:TALK) has a Beneish M-Score of -2.72 as of Aug. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on TalkPool AG and its competitors. According to the industry distribution chart, TalkPool AG ranks #201 out of 349 companies in the Telecommunication Services industry, placing it in the top 57.6%.
Is TalkPool AG's Beneish M-Score too high?
TalkPool AG's current Beneish M-Score is -2.72. Based on the distribution chart, TalkPool AG ranks #201 out of 349 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, TalkPool AG has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TalkPool AG's Beneish M-Score compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, TalkPool AG ranks #201 out of 349 companies for Beneish M-Score. This places TalkPool AG 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 Telecommunication Services company?
A good Beneish M-Score depends on the Telecommunication 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 TalkPool AG and its competitors. TalkPool AG's current Beneish M-Score is -2.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TalkPool AG stock overvalued right now?
Based on GuruFocus' analysis, TalkPool AG (OSTO:TALK) is currently considered Significantly Overvalued. The stock's GF Value™ is kr7.27, compared to a current price of kr15.40 — trading 111.8% above its estimated fair value. The current Beneish M-Score is -2.72. TalkPool AG's overall GF Score™ is 60/100 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 TalkPool AG (OSTO:TALK), the current Beneish M-Score is -2.72 as of Aug. 03, 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 TalkPool AG (OSTO:TALK) Overvalued in 2026?

Based on GuruFocus' analysis, TalkPool AG stock appears to be overvalued. The current stock price of kr15.40 is trading 111.8% above its estimated GF Value™ of kr7.27. GuruFocus considers TalkPool AG to be Significantly Overvalued.

Key valuation signals for OSTO:TALK:

  • Beneish M-Score: -2.72
  • GF Value™: kr7.27 vs. price of kr15.40 (111.8% above fair value)
  • GF Score™: 60/100 with 4 warning signs

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


TalkPool AG Business Description

Other Exchanges TKPL:Germany
Address Gauggelistrasse 7, Chur, CHE, CH-7000
TalkPool AG specializes in the design, integration, management, and optimization of communication networks and solutions. The company has built large telecom networks in over 50 countries on all continents. It offers services for the complete communication network life cycle from planning and implementation of new networks to operation and optimization and finally repair and consulting.
60GF Score

Get the complete analysis for OSTO:TALK

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

kr15.40
Price
kr7.27
GF Value