Bravida Holding AB (STU:BV0) Beneish M-Score: -2.50 (As of Aug. 02, 2026)

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STU:BV0 Bravida Holding AB STU:BV0
87 GF Score
Price €11.97
GF Value €7.78
Valuation Significantly Overvalued
! 11 Warning Signs
View Full Analysis

What is Bravida Holding AB Beneish M-Score?

Bravida Holding AB STU:BV0 +1.61% 87 Beneish M-Score is -2.50 as of Aug. 02, 2026. GuruFocus rates STU:BV0 with a GF Score™ of 87/100 and a GF Value™ of €7.78 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 1,696 Construction companies, Bravida Holding AB ranks better than 51.06% 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 -2.5 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

STU:BV0' s Beneish M-Score Range Over the Past 10 Years
Min: -2.88   Med: -2.51   Max: -2.21
Current: -2.5

During the past 13 years, the highest Beneish M-Score of Bravida Holding AB was -2.21. The lowest was -2.88. And the median was -2.51.


Bravida Holding AB Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Bravida Holding 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.

Bravida Holding AB Beneish M-Score Chart

Bravida Holding 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 -2.26 -2.33 -2.43 -2.66 -2.62

Bravida Holding AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -2.55 -2.49 -2.62 -2.56 -2.50

STU:BV0 vs PWR, FIX, EME: Beneish M-Score Comparison

For the Engineering & Construction subindustry, Bravida Holding 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.


Bravida Holding AB Beneish M-Score vs Construction Industry

For the Construction industry and Industrials sector, Bravida Holding AB's Beneish M-Score distribution charts can be found below:

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


STU:BV0
87GF Score
Bravida Holding AB STU:BV0
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bravida Holding 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 Bravida Holding 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 * 0.9442+0.528 * 0.9761+0.404 * 0.9923+0.892 * 1.0455+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9958+4.679 * -0.004269-0.327 * 0.9208
=-2.50

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was €818 Mil.
Revenue was 695.914 + 654.051 + 727.143 + 584.775 = €2,662 Mil.
Gross Profit was 103.717 + 93.489 + 122.86 + 86.721 = €407 Mil.
Total Current Assets was €971 Mil.
Total Assets was €2,205 Mil.
Property, Plant and Equipment(Net PPE) was €129 Mil.
Depreciation, Depletion and Amortization(DDA) was €0 Mil.
Selling, General, & Admin. Expense(SGA) was €249 Mil.
Total Current Liabilities was €1,131 Mil.
Long-Term Debt & Capital Lease Obligation was €88 Mil.
Net Income was 39.133 + 22.189 + 45.303 + 22.18 = €129 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = €0 Mil.
Cash Flow from Operations was 8.757 + 32.865 + 106.687 + -10.09 = €138 Mil.
Total Receivables was €828 Mil.
Revenue was 633.256 + 628.79 + 704.883 + 579.145 = €2,546 Mil.
Gross Profit was 91.983 + 90.466 + 117.973 + 79.363 = €380 Mil.
Total Current Assets was €941 Mil.
Total Assets was €2,156 Mil.
Property, Plant and Equipment(Net PPE) was €126 Mil.
Depreciation, Depletion and Amortization(DDA) was €0 Mil.
Selling, General, & Admin. Expense(SGA) was €239 Mil.
Total Current Liabilities was €1,209 Mil.
Long-Term Debt & Capital Lease Obligation was €86 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)
=(817.51 / 2661.883) / (828.118 / 2546.074)
=0.307117 / 0.325253
=0.9442

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)
=(379.785 / 2546.074) / (406.787 / 2661.883)
=0.149165 / 0.152819
=0.9761

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 - (971.397 + 129.441) / 2205.142) / (1 - (941.44 + 126.306) / 2155.65)
=0.500786 / 0.504676
=0.9923

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
=2661.883 / 2546.074
=1.0455

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 + 126.306)) / (0 / (0 + 129.441))
=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)
=(248.948 / 2661.883) / (239.118 / 2546.074)
=0.093523 / 0.093916
=0.9958

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)
=((88.118 + 1131.032) / 2205.142) / ((85.627 + 1208.671) / 2155.65)
=0.552867 / 0.600421
=0.9208

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
=(128.805 - 0 - 138.219) / 2205.142
=-0.004269

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.

Bravida Holding AB has a M-score of -2.50 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 -2.50 mean?
Bravida Holding AB (STU:BV0) has a Beneish M-Score of -2.50 as of Aug. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bravida Holding AB and its competitors. According to the industry distribution chart, Bravida Holding AB ranks #830 out of 1696 companies in the Construction industry, placing it in the top 48.9%.
Is Bravida Holding AB's Beneish M-Score too high?
Bravida Holding AB's current Beneish M-Score is -2.50. Based on the distribution chart, Bravida Holding AB ranks #830 out of 1696 companies in the Construction industry, which is above the industry midpoint. Overall, Bravida Holding AB has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bravida Holding AB's Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Bravida Holding AB ranks #830 out of 1696 companies for Beneish M-Score. This puts Bravida Holding 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 Bravida Holding AB and its competitors. Bravida Holding AB's current Beneish M-Score is -2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bravida Holding AB stock overvalued right now?
Based on GuruFocus' analysis, Bravida Holding AB (STU:BV0) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.78, compared to a current price of €11.97 — trading 53.9% above its estimated fair value. The current Beneish M-Score is -2.50. Bravida Holding AB's overall GF Score™ is 87/100 with 11 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 Bravida Holding AB (STU:BV0), the current Beneish M-Score is -2.50 as of Aug. 02, 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 Bravida Holding AB (STU:BV0) Overvalued in 2026?

Based on GuruFocus' analysis, Bravida Holding AB stock appears to be overvalued. The current stock price of €11.97 is trading 53.9% above its estimated GF Value™ of €7.78. GuruFocus considers Bravida Holding AB to be Significantly Overvalued.

Key valuation signals for STU:BV0:

  • Beneish M-Score: -2.50
  • GF Value™: €7.78 vs. price of €11.97 (53.9% above fair value)
  • GF Score™: 87/100 with 11 warning signs

No single metric tells the full story. See the STU:BV0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bravida Holding AB Business Description

Other Exchanges BRAV:SwedenBRAVs:UK0RBW:UK
Address Mikrofonvagen 28, Stockholm, SWE, 126 81
Bravida Holding AB is a provider of installation and services for real estate and facilities in the Nordic region. Its services deliver energy, heating, cooling, water, and air components to properties, and help provide an environment suited to customer preferences. Technological systems and maintenance can modernize buildings and help to extend sustainable solutions. Revenue is roughly split between Bravida's two primary business divisions: installation and service. The combination of the two business activities allows the company to work with customers throughout the lifecycle of a property. The company attempts to create long-term solutions and perform scheduled maintenance to ensure quality and monitor progress.
87GF Score

Get the complete analysis for STU:BV0

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

€11.97
Price
€7.78
GF Value