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Skanska ABSKBSY +0.66%79 Beneish M-Score is -2.64 as of Jul. 22, 2026. GuruFocus rates SKBSY with a GF Score™ of 79/100 and a GF Value™ of $23.08 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,699 Construction companies, Skanska AB ranks better than 62.21% 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 -2.64 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Skanska AB's Beneish M-Score or its related term are showing as below:
SKBSY'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.05 Med: -2.47 Max: -1.91
Current: -2.64
During the past 13 years, the highest Beneish M-Score of Skanska AB was -1.91. The lowest was -3.05. And the median was -2.47.
Skanska AB Beneish M-Score Related Terms
Skanska AB Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Skanska 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.
SKBSY vs PWR, FIX, EME: Beneish M-Score Comparison
For the Engineering & Construction subindustry, Skanska 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.
Skanska AB Beneish M-Score vs Construction Industry
For the Construction industry and Industrials sector, Skanska AB's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Skanska 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 Skanska 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 * 1.0196
+
0.528 * 0.9627
+
0.404 * 0.9369
+
0.892 * 1.0272
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0718
+
4.679 * -0.029985
-
0.327 * 1.0287
=
-2.64
* 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))
=
(0 / (0 + 1211.851))
/
(0 / (0 + 1350.428))
=
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
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
=
(705.486 - 0
-
1229.045)
/
17460.669
=
-0.029985
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.
Skanska AB has a M-score of -2.64 suggests that the company is unlikely to be a manipulator.
Skanska AB (SKBSY) has a Beneish M-Score of -2.64 as of Jul. 22, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Skanska AB and its competitors. According to the industry distribution chart, Skanska AB ranks #642 out of 1699 companies in the Construction industry, placing it in the top 37.8%.
Is Skanska AB's Beneish M-Score too high?
Skanska AB's current Beneish M-Score is -2.64. Based on the distribution chart, Skanska AB ranks #642 out of 1699 companies in the Construction industry, which is above the industry midpoint. Overall, Skanska AB has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Skanska AB's Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Skanska AB ranks #642 out of 1699 companies for Beneish M-Score. This puts Skanska 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Skanska AB and its competitors. Skanska AB's current Beneish M-Score is -2.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Skanska AB stock overvalued right now?
Based on GuruFocus' analysis, Skanska AB (SKBSY) is currently considered Modestly Overvalued. The stock's GF Value™ is $23.08, compared to a current price of $27.28 — trading 18.2% above its estimated fair value. The current Beneish M-Score is -2.64. Skanska AB's overall GF Score™ is 79/100 with 8 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 Skanska AB (SKBSY), the current Beneish M-Score is -2.64 as of Jul. 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 Skanska AB (SKBSY) Overvalued in 2026?
Based on GuruFocus' analysis, Skanska AB stock appears to be overvalued.
The current stock price of $27.28 is trading 18.2% above its estimated GF Value™ of $23.08.
GuruFocus considers Skanska AB to be Modestly Overvalued.
Key valuation signals for SKBSY:
Beneish M-Score: -2.64
GF Value™: $23.08 vs. price of $27.28 (18.2% above fair value)
No single metric tells the full story. See the SKBSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Skanska AB is one of the world's construction and project development companies. It develops properties and structures in the Nordic region, North America, and elsewhere. The company uses its skills and expertise to develop highways, bridges, mass transit, houses, and logistic centers. Skanska operates in business segments: Construction, that derives majority of total revenue, Residential development, Investment Properties, and Commercial property development. Geographically, the company derives majority of revenue from Sweden, it also has its presence in UK, USA, Norway, and Others.
79GF Score
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