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NOS Nova ASSTU:9GJ +1.30%21 Beneish M-Score is 0.47 as of Jul. 30, 2026, which is at its 10-year median of 0.47. GuruFocus rates STU:9GJ with a GF Score™ of 21/100. The stock has 5 warning signs investors should review. Among 2,911 Industrial Products companies, NOS Nova AS ranks worse than 96.74% 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.
Warning Sign:
Beneish M-Score 0.47 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for NOS Nova AS's Beneish M-Score or its related term are showing as below:
STU:9GJ'
s Beneish M-Score Range Over the Past 10 Years
Min: 0.47 Med: 0.47 Max: 0.47
Current: 0.47
During the past 7 years, the highest Beneish M-Score of NOS Nova AS was 0.47. The lowest was 0.47. And the median was 0.47.
NOS Nova AS Beneish M-Score Related Terms
NOS Nova AS Beneish M-Score Historical Data
* Premium members only.
The historical data trend for NOS Nova 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.
STU:9GJ vs VLTO, ZWS, CECO: Beneish M-Score Comparison
For the Pollution & Treatment Controls subindustry, NOS Nova 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.
NOS Nova AS Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, NOS Nova AS's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where NOS Nova AS'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 NOS Nova 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 * 1.1254
+
0.528 * 1.2689
+
0.404 * 5.1547
+
0.892 * 2.0506
+
0.115 * 1.184
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.0618
+
4.679 * 0.023918
-
0.327 * 1.7076
=
0.46
* 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))
=
(0.401 / (0.401 + 0.229))
/
(0.193 / (0.193 + 0.166))
=
0.636508
/
0.537604
=
1.184
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
=
(-4.133 - 0
-
-4.296)
/
6.815
=
0.023918
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.
NOS Nova AS has a M-score of 0.46 signals that the company is likely to be a manipulator.
NOS Nova AS (STU:9GJ) has a Beneish M-Score of 0.47 as of Jul. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on NOS Nova AS and its competitors. This is near median its historical median of 0.47. Over the past decade, NOS Nova AS's Beneish M-Score has ranged from 0.47 to 0.47. According to the industry distribution chart, NOS Nova AS ranks #2816 out of 2911 companies in the Industrial Products industry, placing it in the top 96.7%.
Is NOS Nova AS's Beneish M-Score too high?
NOS Nova AS's current Beneish M-Score of 0.47 is near median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 0.47. Based on the distribution chart, NOS Nova AS ranks #2816 out of 2911 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, NOS Nova AS has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does NOS Nova AS's Beneish M-Score compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, NOS Nova AS ranks #2816 out of 2911 companies for Beneish M-Score. This places NOS Nova AS in the lower half of its industry. Historically, NOS Nova AS's own Beneish M-Score has ranged from 0.47 to 0.47 over the past decade. 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 NOS Nova AS and its competitors. NOS Nova AS's current Beneish M-Score is 0.47, which is near median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NOS Nova AS stock overvalued right now?
NOS Nova AS (STU:9GJ) has a current Beneish M-Score of 0.47. The current Beneish M-Score is 0.47, which is near median its 10-year median of 0.47. NOS Nova AS's overall GF Score™ is 21/100 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 NOS Nova AS (STU:9GJ), the current Beneish M-Score is 0.47 as of Jul. 30, 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.
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