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 -2.77 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Wise Group AB's Beneish M-Score or its related term are showing as below:
OSTO:WISE'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.74 Med: -2.82 Max: -1.97
Current: -2.77
During the past 13 years, the highest Beneish M-Score of Wise Group AB was -1.97. The lowest was -3.74. And the median was -2.82.
Wise Group AB Beneish M-Score Related Terms
Wise Group AB Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Wise Group 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.
OSTO:WISE vs KFY, RHI, TNET: Beneish M-Score Comparison
For the Staffing & Employment Services subindustry, Wise Group 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.
Wise Group AB Beneish M-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Wise Group AB's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Wise Group AB's Beneish M-Score falls into.
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 Wise Group 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 * 1.0737
+
0.528 * 1.017
+
0.404 * 1.1774
+
0.892 * 0.828
+
0.115 * 1.0816
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.004
+
4.679 * -0.076355
-
0.327 * 0.8104
=
-2.77
* 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.
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.
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))
=
(22.711 / (22.711 + 56.078))
/
(15.419 / (15.419 + 42.436))
=
0.288251
/
0.266511
=
1.0816
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
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
=
(-16.51 - 0
-
-2.403)
/
184.756
=
-0.076355
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.
Wise Group AB has a M-score of -2.77 suggests that the company is unlikely to be a manipulator.
Wise Group AB (OSTO:WISE) has a Beneish M-Score of -2.77 as of Jul. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Wise Group AB and its competitors. According to the industry distribution chart, Wise Group AB ranks #336 out of 1021 companies in the Business Services industry, placing it in the top 32.9%.
Is Wise Group AB's Beneish M-Score too high?
Wise Group AB's current Beneish M-Score is -2.77. Based on the distribution chart, Wise Group AB ranks #336 out of 1021 companies in the Business Services industry, which is above the industry midpoint. Overall, Wise Group AB has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Wise Group AB's Beneish M-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, Wise Group AB ranks #336 out of 1021 companies for Beneish M-Score. This puts Wise Group AB in the upper 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 Wise Group AB and its competitors. Wise Group AB's current Beneish M-Score is -2.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wise Group AB stock overvalued right now?
Based on GuruFocus' analysis, Wise Group AB (OSTO:WISE) is currently considered Fairly Valued. The stock's GF Value™ is kr13.41, compared to a current price of kr14.55 — trading 8.5% above its estimated fair value. The current Beneish M-Score is -2.77. Wise Group AB's overall GF Score™ is 65/100 with 2 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 Wise Group AB (OSTO:WISE), the current Beneish M-Score is -2.77 as of Jul. 01, 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 Wise Group AB (OSTO:WISE) Overvalued in 2026?
Based on GuruFocus' analysis, Wise Group AB stock appears to be overvalued.
The current stock price of kr14.55 is trading 8.5% above its estimated GF Value™ of kr13.41.
GuruFocus considers Wise Group AB to be Fairly Valued.
Key valuation signals for OSTO:WISE:
Beneish M-Score: -2.77
GF Value™: kr13.41 vs. price of kr14.55 (8.5% above fair value)
No single metric tells the full story. See the OSTO:WISE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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