STRYF (Storytel AB) Beneish M-Score: -2.82 (As of Jun. 24, 2026)


STRYF Storytel AB STRYF
69 GF Score
Price $10.48
GF Value $7.78
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Storytel AB Beneish M-Score?

Storytel AB STRYF 69 Beneish M-Score is -2.82 as of Jun. 24, 2026. GuruFocus rates STRYF with a GF Score™ of 69/100 and a GF Value™ of $7.78 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 989 Media - Diversified companies, Storytel AB ranks better than 67.14% 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 -2.82 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

STRYF' s Beneish M-Score Range Over the Past 10 Years
Min: -4.72   Med: -2.53   Max: 1.66
Current: -2.82

During the past 13 years, the highest Beneish M-Score of Storytel AB was 1.66. The lowest was -4.72. And the median was -2.53.


Storytel AB Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Storytel 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.

Storytel AB Beneish M-Score Chart

Storytel AB 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 -2.36 -2.89 -4.25 -2.91 -2.65

Storytel AB 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 -2.99 -3.08 -2.85 -2.65 -2.82

STRYF vs NYT, WLY: Beneish M-Score Comparison

For the Publishing subindustry, Storytel 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.


Storytel AB Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Storytel AB's Beneish M-Score distribution charts can be found below:

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


STRYF
69GF Score
Storytel AB STRYF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Storytel 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 Storytel 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 * 0.9183+0.528 * 0.988+0.404 * 0.9523+0.892 * 1.17+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9215+4.679 * -0.035077-0.327 * 1.469
=-2.73

* 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 $54.8 Mil.
Revenue was 105.085 + 118.167 + 108.122 + 100.357 = $431.7 Mil.
Gross Profit was 47.45 + 55.508 + 49.039 + 45.455 = $197.5 Mil.
Total Current Assets was $141.1 Mil.
Total Assets was $386.5 Mil.
Property, Plant and Equipment(Net PPE) was $14.6 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.0 Mil.
Selling, General, & Admin. Expense(SGA) was $127.6 Mil.
Total Current Liabilities was $95.1 Mil.
Long-Term Debt & Capital Lease Obligation was $62.6 Mil.
Net Income was 8.801 + 31.625 + 14.013 + 4.438 = $58.9 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.0 Mil.
Cash Flow from Operations was 14.532 + 24.808 + 16.839 + 16.255 = $72.4 Mil.
Total Receivables was $51.0 Mil.
Revenue was 94.041 + 93.544 + 93.266 + 88.156 = $369.0 Mil.
Gross Profit was 41.755 + 43.412 + 42.414 + 39.154 = $166.7 Mil.
Total Current Assets was $111.6 Mil.
Total Assets was $321.0 Mil.
Property, Plant and Equipment(Net PPE) was $8.1 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.0 Mil.
Selling, General, & Admin. Expense(SGA) was $118.4 Mil.
Total Current Liabilities was $89.1 Mil.
Long-Term Debt & Capital Lease Obligation was $0.0 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)
=(54.77 / 431.731) / (50.975 / 369.007)
=0.126861 / 0.138141
=0.9183

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)
=(166.735 / 369.007) / (197.452 / 431.731)
=0.451848 / 0.45735
=0.988

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 - (141.062 + 14.618) / 386.49) / (1 - (111.588 + 8.1) / 320.985)
=0.597195 / 0.627123
=0.9523

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
=431.731 / 369.007
=1.17

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 + 8.1)) / (0 / (0 + 14.618))
=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)
=(127.642 / 431.731) / (118.389 / 369.007)
=0.295652 / 0.320831
=0.9215

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)
=((62.562 + 95.061) / 386.49) / ((0 + 89.115) / 320.985)
=0.407832 / 0.27763
=1.469

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
=(58.877 - 0 - 72.434) / 386.49
=-0.035077

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.

Storytel AB has a M-score of -2.73 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 -2.82 mean?
Storytel AB (STRYF) has a Beneish M-Score of -2.82 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Storytel AB and its competitors. According to the industry distribution chart, Storytel AB ranks #325 out of 989 companies in the Media - Diversified industry, placing it in the top 32.9%.
Is Storytel AB's Beneish M-Score too high?
Storytel AB's current Beneish M-Score is -2.82. Based on the distribution chart, Storytel AB ranks #325 out of 989 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Storytel AB has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Storytel AB's Beneish M-Score compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Storytel AB ranks #325 out of 989 companies for Beneish M-Score. This puts Storytel 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Storytel AB and its competitors. Storytel AB's current Beneish M-Score is -2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Storytel AB stock overvalued right now?
Based on GuruFocus' analysis, Storytel AB (STRYF) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.78, compared to a current price of $10.48 — trading 34.6% above its estimated fair value. The current Beneish M-Score is -2.82. Storytel AB's overall GF Score™ is 69/100 with 5 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 Storytel AB (STRYF), the current Beneish M-Score is -2.82 as of Jun. 24, 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 Storytel AB (STRYF) Overvalued in 2026?

Based on GuruFocus' analysis, Storytel AB stock appears to be overvalued. The current stock price of $10.48 is trading 34.6% above its estimated GF Value™ of $7.78. GuruFocus considers Storytel AB to be Significantly Overvalued.

Key valuation signals for STRYF:

  • Beneish M-Score: -2.82
  • GF Value™: $7.78 vs. price of $10.48 (34.6% above fair value)
  • GF Score™: 69/100 with 5 warning signs

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


Storytel AB Business Description

Address Tryckerigatan 4, Stockholm, SWE, 111 28
Storytel AB operates in the book and publishing sector. The Storytel organization comprises two divisions: Streaming and Publishing. Within the Streaming division, the company provides a subscription service for audiobooks and e-books under the Storytel and Mofibo brands, currently in Sweden, Denmark, Finland, Netherlands, USA, Poland, Iceland and other countries. The Publishing division comprises Norstedts, Massolit, Kontentan, Telegram, the Danish publisher People's Press (adults), Raben and Sjogren and B. Wahlstroms (children and young adults), as well as Norstedts Kartor.
69GF Score

Get the complete analysis for STRYF

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

$10.48
Price
$7.78
GF Value