Olimpo Real Estate SOCIMI (XMAD:YORE) Beneish M-Score: -2.49 (As of Jul. 02, 2026)


XMAD:YORE Olimpo Real Estate SOCIMI SA XMAD:YORE
72 GF Score
Price €0.99
GF Value €1.04
Valuation Fairly Valued
! 6 Warning Signs
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What is Olimpo Real Estate SOCIMI Beneish M-Score?

Olimpo Real Estate SOCIMI XMAD:YORE -1.00% 72 Beneish M-Score is -2.49 as of Jul. 02, 2026. GuruFocus rates XMAD:YORE with a GF Score™ of 72/100 and a GF Value™ of €1.04 (Fairly Valued). The stock has 6 warning signs investors should review. Among 763 REITs companies, Olimpo Real Estate SOCIMI ranks worse than 50.2% 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 -2.49 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Olimpo Real Estate SOCIMI's Beneish M-Score or its related term are showing as below:

XMAD:YORE' s Beneish M-Score Range Over the Past 10 Years
Min: -13.52   Med: -2.72   Max: -2.41
Current: -2.49

During the past 10 years, the highest Beneish M-Score of Olimpo Real Estate SOCIMI was -2.41. The lowest was -13.52. And the median was -2.72.


Olimpo Real Estate SOCIMI Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Olimpo Real Estate SOCIMI'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.

Olimpo Real Estate SOCIMI Beneish M-Score Chart

Olimpo Real Estate SOCIMI 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 -2.71 -2.41 -2.72 -2.73 -2.49

Olimpo Real Estate SOCIMI Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -2.72 0.00 -2.73 0.00 -2.49

XMAD:YORE vs SPG, O, KIM: Beneish M-Score Comparison

For the REIT - Retail subindustry, Olimpo Real Estate SOCIMI'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.


Olimpo Real Estate SOCIMI Beneish M-Score vs REITs Industry

For the REITs industry and Real Estate sector, Olimpo Real Estate SOCIMI's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Olimpo Real Estate SOCIMI's Beneish M-Score falls into.


XMAD:YORE
72GF Score
Olimpo Real Estate SOCIMI SA XMAD:YORE
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Olimpo Real Estate SOCIMI 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 Olimpo Real Estate SOCIMI 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 * 0.9346+0.528 * 1.002+0.404 * 0.987+0.892 * 0.9757+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9066+4.679 * 0.012067-0.327 * 0.9954
=-2.49

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was €1.52 Mil.
Revenue was €23.42 Mil.
Gross Profit was €22.71 Mil.
Total Current Assets was €6.98 Mil.
Total Assets was €282.50 Mil.
Property, Plant and Equipment(Net PPE) was €0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was €5.15 Mil.
Selling, General, & Admin. Expense(SGA) was €0.54 Mil.
Total Current Liabilities was €6.96 Mil.
Long-Term Debt & Capital Lease Obligation was €142.62 Mil.
Net Income was €20.27 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €16.86 Mil.
Total Receivables was €1.67 Mil.
Revenue was €24.01 Mil.
Gross Profit was €23.32 Mil.
Total Current Assets was €3.72 Mil.
Total Assets was €314.64 Mil.
Property, Plant and Equipment(Net PPE) was €0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was €5.25 Mil.
Selling, General, & Admin. Expense(SGA) was €0.62 Mil.
Total Current Liabilities was €5.00 Mil.
Long-Term Debt & Capital Lease Obligation was €162.37 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)
=(1.521 / 23.421) / (1.668 / 24.005)
=0.064942 / 0.069486
=0.9346

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)
=(23.317 / 24.005) / (22.705 / 23.421)
=0.971339 / 0.969429
=1.002

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 - (6.977 + 0) / 282.497) / (1 - (3.715 + 0) / 314.636)
=0.975302 / 0.988193
=0.987

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
=23.421 / 24.005
=0.9757

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))
=(5.252 / (5.252 + 0)) / (5.148 / (5.148 + 0))
=1 / 1
=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)
=(0.544 / 23.421) / (0.615 / 24.005)
=0.023227 / 0.02562
=0.9066

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)
=((142.619 + 6.964) / 282.497) / ((162.37 + 4.999) / 314.636)
=0.529503 / 0.531945
=0.9954

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
=(20.266 - 0 - 16.857) / 282.497
=0.012067

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.

Olimpo Real Estate SOCIMI has a M-score of -2.49 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 -2.49 mean?
Olimpo Real Estate SOCIMI (XMAD:YORE) has a Beneish M-Score of -2.49 as of Jul. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Olimpo Real Estate SOCIMI and its competitors. According to the industry distribution chart, Olimpo Real Estate SOCIMI ranks #383 out of 763 companies in the REITs industry, placing it in the top 50.2%.
Is Olimpo Real Estate SOCIMI's Beneish M-Score too high?
Olimpo Real Estate SOCIMI's current Beneish M-Score is -2.49. Based on the distribution chart, Olimpo Real Estate SOCIMI ranks #383 out of 763 companies in the REITs industry, which is below the industry midpoint. Overall, Olimpo Real Estate SOCIMI has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Olimpo Real Estate SOCIMI's Beneish M-Score compare to SPG and O?
According to the REITs industry distribution chart, Olimpo Real Estate SOCIMI ranks #383 out of 763 companies for Beneish M-Score. This places Olimpo Real Estate SOCIMI in the lower 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 REITs company?
A good Beneish M-Score depends on the REITs 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 Olimpo Real Estate SOCIMI and its competitors. Olimpo Real Estate SOCIMI's current Beneish M-Score is -2.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Olimpo Real Estate SOCIMI stock overvalued right now?
Based on GuruFocus' analysis, Olimpo Real Estate SOCIMI (XMAD:YORE) is currently considered Fairly Valued. The stock's GF Value™ is €1.04, compared to a current price of €0.99 — trading 4.8% below its estimated fair value. The current Beneish M-Score is -2.49. Olimpo Real Estate SOCIMI's overall GF Score™ is 72/100 with 6 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 Olimpo Real Estate SOCIMI (XMAD:YORE), the current Beneish M-Score is -2.49 as of Jul. 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 Olimpo Real Estate SOCIMI (XMAD:YORE) Overvalued in 2026?

Based on GuruFocus' analysis, Olimpo Real Estate SOCIMI stock appears to be undervalued. The current stock price of €0.99 is trading 4.8% below its estimated GF Value™ of €1.04. GuruFocus considers Olimpo Real Estate SOCIMI to be Fairly Valued.

Key valuation signals for XMAD:YORE:

  • Beneish M-Score: -2.49
  • GF Value™: €1.04 vs. price of €0.99 (4.8% below fair value)
  • GF Score™: 72/100 with 6 warning signs

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


Olimpo Real Estate SOCIMI Business Description

Industry Real EstateREITs
Address Calle Goya, 22 - 3 planta, Madrid, ESP, 28001
Olimpo Real Estate SOCIMI SA is engaged in the acquisition and management of commercial real estate assets in Spain and Portugal. Its main objective is to generate value for its clients through the long-term management of commercial real estate assets.
72GF Score

Get the complete analysis for XMAD:YORE

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

€0.99
Price
€1.04
GF Value