Gabriel Holding AS (STU:1GH) Beneish M-Score: -3.28 (As of Jun. 29, 2026)


STU:1GH Gabriel Holding AS STU:1GH
78 GF Score
Price €36.20
GF Value €33.93
! 7 Warning Signs
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What is Gabriel Holding AS Beneish M-Score?

Gabriel Holding AS STU:1GH 78 Beneish M-Score is -3.28 as of Jun. 29, 2026. GuruFocus rates STU:1GH with a GF Score™ of 78/100 and a GF Value™ of €33.93. The stock has 7 warning signs investors should review. Among 1,001 Manufacturing - Apparel & Accessories companies, Gabriel Holding AS ranks better than 89.31% 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 -3.28 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

STU:1GH' s Beneish M-Score Range Over the Past 10 Years
Min: -3.28   Med: -2.26   Max: -1.91
Current: -3.28

During the past 13 years, the highest Beneish M-Score of Gabriel Holding AS was -1.91. The lowest was -3.28. And the median was -2.26.

Gabriel Holding AS Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Gabriel Holding AS'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.

Gabriel Holding AS Beneish M-Score Chart

Gabriel Holding AS Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.18 -2.11 -2.41 -3.24 -3.28

Gabriel Holding AS 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 0.00 0.00 -3.28 0.00 0.00

STU:1GH vs AIN: Beneish M-Score Comparison

For the Textile Manufacturing subindustry, Gabriel Holding AS'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.

Gabriel Holding AS Beneish M-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gabriel Holding AS's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Gabriel Holding AS's Beneish M-Score falls into.


STU:1GH
78GF Score
Gabriel Holding AS STU:1GH
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Gabriel Holding AS 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 Gabriel Holding AS 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 * 0.8482+0.528 * 0.9399+0.404 * 1.0201+0.892 * 1.0661+0.115 * 0.9684
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.150573-0.327 * 0.9794
=-3.29

* 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 (Sep25) TTM:Last Year (Sep24) TTM:
Total Receivables was €10.85 Mil.
Revenue was €69.13 Mil.
Gross Profit was €38.05 Mil.
Total Current Assets was €62.53 Mil.
Total Assets was €99.91 Mil.
Property, Plant and Equipment(Net PPE) was €23.29 Mil.
Depreciation, Depletion and Amortization(DDA) was €7.58 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €53.55 Mil.
Long-Term Debt & Capital Lease Obligation was €10.06 Mil.
Net Income was €1.00 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €16.04 Mil.
 Total Receivables was €12.00 Mil.
Revenue was €64.84 Mil.
Gross Profit was €33.54 Mil.
Total Current Assets was €67.05 Mil.
Total Assets was €104.24 Mil.
Property, Plant and Equipment(Net PPE) was €22.78 Mil.
Depreciation, Depletion and Amortization(DDA) was €7.10 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €59.57 Mil.
Long-Term Debt & Capital Lease Obligation was €8.20 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)
=(10.85 / 69.131) / (11.999 / 64.843)
=0.156948 / 0.185047
=0.8482

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)
=(33.541 / 64.843) / (38.046 / 69.131)
=0.517265 / 0.550346
=0.9399

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 - (62.53 + 23.294) / 99.912) / (1 - (67.053 + 22.777) / 104.238)
=0.141004 / 0.138222
=1.0201

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
=69.131 / 64.843
=1.0661

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))
=(7.1 / (7.1 + 22.777)) / (7.575 / (7.575 + 23.294))
=0.237641 / 0.245392
=0.9684

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)
=(0 / 69.131) / (0 / 64.843)
=0 / 0
=1

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)
=((10.059 + 53.554) / 99.912) / ((8.2 + 59.565) / 104.238)
=0.63669 / 0.650099
=0.9794

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
=(1 - 0 - 16.044) / 99.912
=-0.150573

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.

Gabriel Holding AS has a M-score of -3.29 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 -3.28 mean?
Gabriel Holding AS (STU:1GH) has a Beneish M-Score of -3.28 as of Jun. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Gabriel Holding AS and its competitors. According to the industry distribution chart, Gabriel Holding AS ranks #107 out of 1001 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 10.7%.
Is Gabriel Holding AS's Beneish M-Score too high?
Gabriel Holding AS's current Beneish M-Score is -3.28. Based on the distribution chart, Gabriel Holding AS ranks #107 out of 1001 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Gabriel Holding AS has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Gabriel Holding AS's Beneish M-Score compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Gabriel Holding AS ranks #107 out of 1001 companies for Beneish M-Score. This places Gabriel Holding AS in the top 11% of its industry — outperforming the majority of peers. 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Gabriel Holding AS and its competitors. Gabriel Holding AS's current Beneish M-Score is -3.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gabriel Holding AS stock overvalued right now?
Gabriel Holding AS (STU:1GH) has a current Beneish M-Score of -3.28. The stock's GF Value™ is €33.93, compared to a current price of €36.20 — trading 6.7% above its estimated fair value. The current Beneish M-Score is -3.28. Gabriel Holding AS's overall GF Score™ is 78/100 with 7 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 Gabriel Holding AS (STU:1GH), the current Beneish M-Score is -3.28 as of Jun. 29, 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 Gabriel Holding AS (STU:1GH) Overvalued in 2026?

Based on GuruFocus' analysis, Gabriel Holding AS stock appears to be overvalued. The current stock price of €36.20 is trading 6.7% above its estimated GF Value™ of €33.93.

Key valuation signals for STU:1GH:

  • Beneish M-Score: -3.28
  • GF Value™: €33.93 vs. price of €36.20 (6.7% above fair value)
  • GF Score™: 78/100 with 7 warning signs

No single metric tells the full story. See the STU:1GH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Gabriel Holding AS Business Description

Other Exchanges GABR:Denmark
Address Hjulmagervej 55, Aalborg, DNK, 9000
Gabriel Holding AS is a Denmark-based company that manufactures and sells furniture fabrics of pure wool and microfibers, upholstery fabrics, components, upholstered Surfaces and related products and services. It focuses on business areas that are Fabrics, FurnMaster, SampleMaster and others. Fabrics develop a wide range of furniture products; FurnMaster offers logistics solutions, cutting, sewing and assembly of furniture screens; and SampleMaster designs and produces boxes, hangers, catalogs, colour cards and other kind of promotional presentation materials. It provides a full palette of solutions and services for the international furniture industry, including fabrics, furniture and components, customised sample solutions, acoustic comfort, and knitting and embellishment services.
78GF Score

Get the complete analysis for STU:1GH

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

€36.20
Price
€33.93
GF Value