Swabalamban Laghubitta Bittiyanstha (XNEP:SWBBL) Beneish M-Score: -2.08 (As of Jun. 26, 2026)


XNEP:SWBBL Swabalamban Laghubitta Bittiya Sanstha Ltd XNEP:SWBBL
90 GF Score
Price NPR706.00
GF Value NPR777.98
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Swabalamban Laghubitta Bittiyanstha Beneish M-Score?

Swabalamban Laghubitta Bittiyanstha XNEP:SWBBL -0.56% 90 Beneish M-Score is -2.08 as of Jun. 26, 2026. GuruFocus rates XNEP:SWBBL with a GF Score™ of 90/100 and a GF Value™ of NPR777.98 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,397 Banks companies, Swabalamban Laghubitta Bittiyanstha ranks worse than 88.19% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -2.08 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XNEP:SWBBL' s Beneish M-Score Range Over the Past 10 Years
Min: -2.63   Med: -2.24   Max: -1.96
Current: -2.08

During the past 13 years, the highest Beneish M-Score of Swabalamban Laghubitta Bittiyanstha was -1.96. The lowest was -2.63. And the median was -2.24.

XNEP:SWBBL
90GF Score
Swabalamban Laghubitta Bittiya Sanstha Ltd XNEP:SWBBL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Swabalamban Laghubitta Bittiyanstha 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 Swabalamban Laghubitta Bittiyanstha 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+0.528 * 1+0.404 * 0.9908+0.892 * 1.2045+0.115 * 2.3651
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8265+4.679 * 0.008254-0.327 * 1.0255
=-2.08

* 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 (Jul25) TTM:Last Year (Jul24) TTM:
Total Receivables was NPR0 Mil.
Revenue was NPR2,197 Mil.
Gross Profit was NPR2,197 Mil.
Total Current Assets was NPR0 Mil.
Total Assets was NPR23,750 Mil.
Property, Plant and Equipment(Net PPE) was NPR339 Mil.
Depreciation, Depletion and Amortization(DDA) was NPR57 Mil.
Selling, General, & Admin. Expense(SGA) was NPR69 Mil.
Total Current Liabilities was NPR0 Mil.
Long-Term Debt & Capital Lease Obligation was NPR3,850 Mil.
Net Income was NPR412 Mil.
Gross Profit was NPR0 Mil.
Cash Flow from Operations was NPR216 Mil.
 Total Receivables was NPR0 Mil.
Revenue was NPR1,824 Mil.
Gross Profit was NPR1,824 Mil.
Total Current Assets was NPR0 Mil.
Total Assets was NPR21,158 Mil.
Property, Plant and Equipment(Net PPE) was NPR107 Mil.
Depreciation, Depletion and Amortization(DDA) was NPR55 Mil.
Selling, General, & Admin. Expense(SGA) was NPR69 Mil.
Total Current Liabilities was NPR0 Mil.
Long-Term Debt & Capital Lease Obligation was NPR3,344 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)
=(0 / 2196.595) / (0 / 1823.621)
=0 / 0
=1

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)
=(1823.621 / 1823.621) / (2196.595 / 2196.595)
=1 / 1
=1

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 - (0 + 338.871) / 23750.051) / (1 - (0 + 107.472) / 21158.046)
=0.985732 / 0.994921
=0.9908

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
=2196.595 / 1823.621
=1.2045

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))
=(54.969 / (54.969 + 107.472)) / (56.58 / (56.58 + 338.871))
=0.338394 / 0.143077
=2.3651

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)
=(68.531 / 2196.595) / (68.841 / 1823.621)
=0.031199 / 0.03775
=0.8265

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)
=((3849.601 + 0) / 23750.051) / ((3344.345 + 0) / 21158.046)
=0.162088 / 0.158065
=1.0255

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
=(411.531 - 0 - 215.509) / 23750.051
=0.008254

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.

Swabalamban Laghubitta Bittiyanstha has a M-score of -2.08 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 -2.08 mean?
Swabalamban Laghubitta Bittiyanstha (XNEP:SWBBL) has a Beneish M-Score of -2.08 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Swabalamban Laghubitta Bittiyanstha and its competitors. According to the industry distribution chart, Swabalamban Laghubitta Bittiyanstha ranks #1232 out of 1397 companies in the Banks industry, placing it in the top 88.2%.
Is Swabalamban Laghubitta Bittiyanstha's Beneish M-Score too high?
Swabalamban Laghubitta Bittiyanstha's current Beneish M-Score is -2.08. Based on the distribution chart, Swabalamban Laghubitta Bittiyanstha ranks #1232 out of 1397 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Swabalamban Laghubitta Bittiyanstha has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Swabalamban Laghubitta Bittiyanstha's Beneish M-Score compare to competitors?
According to the Banks industry distribution chart, Swabalamban Laghubitta Bittiyanstha ranks #1232 out of 1397 companies for Beneish M-Score. This places Swabalamban Laghubitta Bittiyanstha 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Swabalamban Laghubitta Bittiyanstha and its competitors. Swabalamban Laghubitta Bittiyanstha's current Beneish M-Score is -2.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swabalamban Laghubitta Bittiyanstha stock overvalued right now?
Based on GuruFocus' analysis, Swabalamban Laghubitta Bittiyanstha (XNEP:SWBBL) is currently considered Fairly Valued. The stock's GF Value™ is NPR777.98, compared to a current price of NPR706.00 — trading 9.3% below its estimated fair value. The current Beneish M-Score is -2.08. Swabalamban Laghubitta Bittiyanstha's overall GF Score™ is 90/100 with 1 warning sign 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 Swabalamban Laghubitta Bittiyanstha (XNEP:SWBBL), the current Beneish M-Score is -2.08 as of Jun. 26, 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 Swabalamban Laghubitta Bittiyanstha (XNEP:SWBBL) Overvalued in 2026?

Based on GuruFocus' analysis, Swabalamban Laghubitta Bittiyanstha stock appears to be undervalued. The current stock price of NPR706.00 is trading 9.3% below its estimated GF Value™ of NPR777.98. GuruFocus considers Swabalamban Laghubitta Bittiyanstha to be Fairly Valued.

Key valuation signals for XNEP:SWBBL:

  • Beneish M-Score: -2.08
  • GF Value™: NPR777.98 vs. price of NPR706.00 (9.3% below fair value)
  • GF Score™: 90/100 with 1 warning sign

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

Swabalamban Laghubitta Bittiyanstha Business Description

Address KamalPokhari street, Kathmandu, NPL, 44600
Swabalamban Laghubitta Bittiya Sanstha Ltd is a microfinance development bank in Nepal that provides sustainable financial services, prominently microcredit and savings products. The company's offerings include loans, savings, Insurance Services, Interest Rates, and Credit Plus Activities. The primary objective of the company is to provide the disadvantaged section of the rural poor with easy access to credit. The company has identified seven segments: Koshi Province, Madesh Province, Bagmati Province, Gandaki Province, Lumbini Province, Karnali Province and Sudurpaschim Province. The majority of interest revenue is derived from the Madesh Province.
90GF Score

Get the complete analysis for XNEP:SWBBL

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

NPR706.00
Price
NPR777.98
GF Value