Consensus Asset Management AB (XSAT:CAM B) Beneish M-Score: -1.70 (As of Jun. 27, 2026)


XSAT:CAM B Consensus Asset Management AB XSAT:CAM B
48 GF Score
Price kr22.00
GF Value kr12.85
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Consensus Asset Management AB Beneish M-Score?

Consensus Asset Management AB XSAT:CAM B 48 Beneish M-Score is -1.70 as of Jun. 27, 2026. GuruFocus rates XSAT:CAM B with a GF Score™ of 48/100 and a GF Value™ of kr12.85 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 954 Asset Management companies, Consensus Asset Management AB ranks worse than 67.92% 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 -1.7 higher than -1.78, which implies that the company might have manipulated its financial results.

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

XSAT:CAM B' s Beneish M-Score Range Over the Past 10 Years
Min: -2.78   Med: -2.15   Max: 0.55
Current: -1.7

During the past 13 years, the highest Beneish M-Score of Consensus Asset Management AB was 0.55. The lowest was -2.78. And the median was -2.15.


Consensus Asset Management AB Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Consensus Asset Management 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.

Consensus Asset Management AB Beneish M-Score Chart

Consensus Asset Management 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 0.55 -2.78 -2.72 -1.76 -1.70

Consensus Asset Management AB Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 Premium Member Only -1.76 -1.71 -1.63 -1.73 -1.70

XSAT:CAM B vs BLK, BX, KKR: Beneish M-Score Comparison

For the Asset Management subindustry, Consensus Asset Management 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.


Consensus Asset Management AB Beneish M-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Consensus Asset Management AB's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Consensus Asset Management AB's Beneish M-Score falls into.


XSAT:CAM B
48GF Score
Consensus Asset Management AB XSAT:CAM B
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Consensus Asset Management 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 Consensus Asset Management 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 * 0.5963+0.528 * 1.0002+0.404 * 1.37+0.892 * 0.9758+0.115 * 2.7262
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0297+4.679 * 0.163009-0.327 * 0.8015
=-1.70

* 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 kr36.00 Mil.
Revenue was 14.716 + 14.686 + 14.829 + 15.313 = kr59.54 Mil.
Gross Profit was 14.671 + 14.676 + 14.745 + 15.295 = kr59.39 Mil.
Total Current Assets was kr44.92 Mil.
Total Assets was kr108.17 Mil.
Property, Plant and Equipment(Net PPE) was kr0.95 Mil.
Depreciation, Depletion and Amortization(DDA) was kr0.22 Mil.
Selling, General, & Admin. Expense(SGA) was kr67.77 Mil.
Total Current Liabilities was kr14.59 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.
Net Income was 3.64 + -1.7 + -1.383 + -1.342 = kr-0.79 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = kr0.00 Mil.
Cash Flow from Operations was -2.611 + -0.983 + -4.634 + -10.189 = kr-18.42 Mil.
Total Receivables was kr61.88 Mil.
Revenue was 13.729 + 15.229 + 15.723 + 16.339 = kr61.02 Mil.
Gross Profit was 13.708 + 15.228 + 15.601 + 16.334 = kr60.87 Mil.
Total Current Assets was kr70.01 Mil.
Total Assets was kr123.01 Mil.
Property, Plant and Equipment(Net PPE) was kr1.27 Mil.
Depreciation, Depletion and Amortization(DDA) was kr1.32 Mil.
Selling, General, & Admin. Expense(SGA) was kr67.44 Mil.
Total Current Liabilities was kr20.70 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.00 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)
=(36.003 / 59.544) / (61.879 / 61.02)
=0.604645 / 1.014077
=0.5963

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)
=(60.871 / 61.02) / (59.387 / 59.544)
=0.997558 / 0.997363
=1.0002

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 - (44.915 + 0.946) / 108.166) / (1 - (70.014 + 1.274) / 123.007)
=0.576013 / 0.420456
=1.37

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
=59.544 / 61.02
=0.9758

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))
=(1.319 / (1.319 + 1.274)) / (0.217 / (0.217 + 0.946))
=0.508677 / 0.186586
=2.7262

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)
=(67.767 / 59.544) / (67.441 / 61.02)
=1.1381 / 1.105228
=1.0297

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)
=((0 + 14.586) / 108.166) / ((0 + 20.695) / 123.007)
=0.134848 / 0.168242
=0.8015

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
=(-0.785 - 0 - -18.417) / 108.166
=0.163009

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.

Consensus Asset Management AB has a M-score of -1.70 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.70 mean?
Consensus Asset Management AB (XSAT:CAM B) has a Beneish M-Score of -1.70 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Consensus Asset Management AB and its competitors. According to the industry distribution chart, Consensus Asset Management AB ranks #648 out of 954 companies in the Asset Management industry, placing it in the top 67.9%.
Is Consensus Asset Management AB's Beneish M-Score too high?
Consensus Asset Management AB's current Beneish M-Score is -1.70. Based on the distribution chart, Consensus Asset Management AB ranks #648 out of 954 companies in the Asset Management industry, which is below the industry midpoint. Overall, Consensus Asset Management AB has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Consensus Asset Management AB's Beneish M-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Consensus Asset Management AB ranks #648 out of 954 companies for Beneish M-Score. This places Consensus Asset Management AB 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 an Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 Consensus Asset Management AB and its competitors. Consensus Asset Management AB's current Beneish M-Score is -1.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Consensus Asset Management AB stock overvalued right now?
Based on GuruFocus' analysis, Consensus Asset Management AB (XSAT:CAM B) is currently considered Significantly Overvalued. The stock's GF Value™ is kr12.85, compared to a current price of kr22.00 — trading 71.2% above its estimated fair value. The current Beneish M-Score is -1.70. Consensus Asset Management AB's overall GF Score™ is 48/100 with 8 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 Consensus Asset Management AB (XSAT:CAM B), the current Beneish M-Score is -1.70 as of Jun. 27, 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 Consensus Asset Management AB (XSAT:CAM B) Overvalued in 2026?

Based on GuruFocus' analysis, Consensus Asset Management AB stock appears to be overvalued. The current stock price of kr22.00 is trading 71.2% above its estimated GF Value™ of kr12.85. GuruFocus considers Consensus Asset Management AB to be Significantly Overvalued.

Key valuation signals for XSAT:CAM B:

  • Beneish M-Score: -1.70
  • GF Value™: kr12.85 vs. price of kr22.00 (71.2% above fair value)
  • GF Score™: 48/100 with 8 warning signs

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


Consensus Asset Management AB Business Description

Address Krokslatts Parkgata 4, P.O.Box 234, Molndal, Gothenburg, SWE, 431 68
Consensus Asset Management AB is engaged in providing of asset management, foundation services, corporate finance and occupational pensions. Its services include structured products, discretionary management, hedge funds, and small company management.
48GF Score

Get the complete analysis for XSAT:CAM B

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

kr22.00
Price
kr12.85
GF Value