Gosol Energy Group AB (XSAT:GOSOL) Beneish M-Score: -1.68 (As of Jul. 02, 2026)


XSAT:GOSOL Gosol Energy Group AB XSAT:GOSOL
19 GF Score
Price kr0.61
! 3 Warning Signs
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What is Gosol Energy Group AB Beneish M-Score?

Gosol Energy Group AB XSAT:GOSOL -1.62% 19 Beneish M-Score is -1.68 as of Jul. 02, 2026. GuruFocus rates XSAT:GOSOL with a GF Score™ of 19/100. The stock has 3 warning signs investors should review. Among 987 Semiconductors companies, Gosol Energy Group AB ranks worse than 80.75% 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 -1.68 higher than -1.78, which implies that the company might have manipulated its financial results.

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

XSAT:GOSOL' s Beneish M-Score Range Over the Past 10 Years
Min: -1.68   Med: -1.5   Max: -1.31
Current: -1.68

During the past 4 years, the highest Beneish M-Score of Gosol Energy Group AB was -1.31. The lowest was -1.68. And the median was -1.50.

Gosol Energy Group AB Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Gosol Energy Group 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.

Gosol Energy Group AB Beneish M-Score Chart

Gosol Energy Group AB Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -1.31 -1.68

Gosol Energy Group AB Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Beneish M-Score 0.00 0.00 -1.31 -1.68

XSAT:GOSOL vs FSLR, NXT, ENPH: Beneish M-Score Comparison

For the Solar subindustry, Gosol Energy Group 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.

Gosol Energy Group AB Beneish M-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Gosol Energy Group AB's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Gosol Energy Group AB's Beneish M-Score falls into.


XSAT:GOSOL
19GF Score
Gosol Energy Group AB XSAT:GOSOL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Gosol Energy Group 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 Gosol Energy Group 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 * 1.4689+0.528 * 1.0141+0.404 * 0.9253+0.892 * 0.9701+0.115 * 0.5662
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.102483-0.327 * 1.0382
=-1.68

* 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 kr29.7 Mil.
Revenue was kr184.2 Mil.
Gross Profit was kr47.9 Mil.
Total Current Assets was kr72.2 Mil.
Total Assets was kr72.3 Mil.
Property, Plant and Equipment(Net PPE) was kr0.1 Mil.
Depreciation, Depletion and Amortization(DDA) was kr0.0 Mil.
Selling, General, & Admin. Expense(SGA) was kr0.0 Mil.
Total Current Liabilities was kr37.9 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.0 Mil.
Net Income was kr2.7 Mil.
Gross Profit was kr0.0 Mil.
Cash Flow from Operations was kr-4.7 Mil.
 Total Receivables was kr20.8 Mil.
Revenue was kr189.9 Mil.
Gross Profit was kr50.1 Mil.
Total Current Assets was kr66.7 Mil.
Total Assets was kr66.9 Mil.
Property, Plant and Equipment(Net PPE) was kr0.1 Mil.
Depreciation, Depletion and Amortization(DDA) was kr0.0 Mil.
Selling, General, & Admin. Expense(SGA) was kr0.0 Mil.
Total Current Liabilities was kr33.8 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.0 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)
=(29.7 / 184.177) / (20.843 / 189.857)
=0.161258 / 0.109783
=1.4689

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)
=(50.096 / 189.857) / (47.921 / 184.177)
=0.263862 / 0.26019
=1.0141

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 - (72.173 + 0.065) / 72.324) / (1 - (66.726 + 0.136) / 66.948)
=0.001189 / 0.001285
=0.9253

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
=184.177 / 189.857
=0.9701

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))
=(0.041 / (0.041 + 0.136)) / (0.045 / (0.045 + 0.065))
=0.231638 / 0.409091
=0.5662

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 / 184.177) / (0 / 189.857)
=0 / 0
=1

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 + 37.861) / 72.324) / ((0 + 33.756) / 66.948)
=0.523492 / 0.504212
=1.0382

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
=(2.714 - 0 - -4.698) / 72.324
=0.102483

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.

Gosol Energy Group AB has a M-score of -1.68 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 -1.68 mean?
Gosol Energy Group AB (XSAT:GOSOL) has a Beneish M-Score of -1.68 as of Jul. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Gosol Energy Group AB and its competitors. According to the industry distribution chart, Gosol Energy Group AB ranks #797 out of 987 companies in the Semiconductors industry, placing it in the top 80.7%.
Is Gosol Energy Group AB's Beneish M-Score too high?
Gosol Energy Group AB's current Beneish M-Score is -1.68. Based on the distribution chart, Gosol Energy Group AB ranks #797 out of 987 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Gosol Energy Group AB has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Gosol Energy Group AB's Beneish M-Score compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Gosol Energy Group AB ranks #797 out of 987 companies for Beneish M-Score. This places Gosol Energy Group 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 a Semiconductors company?
A good Beneish M-Score depends on the Semiconductors 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 Gosol Energy Group AB and its competitors. Gosol Energy Group AB's current Beneish M-Score is -1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gosol Energy Group AB stock overvalued right now?
Gosol Energy Group AB (XSAT:GOSOL) has a current Beneish M-Score of -1.68. The current Beneish M-Score is -1.68. Gosol Energy Group AB's overall GF Score™ is 19/100 with 3 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 Gosol Energy Group AB (XSAT:GOSOL), the current Beneish M-Score is -1.68 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.

Gosol Energy Group AB Business Description

Address Telefonvagen 30, Stockholm, SWE, 126 26
Gosol Energy Group AB is a comprehensive supplier of energy solutions with a focus on solar cells, charging infrastructure and battery solutions for private individuals and companies.
19GF Score

Get the complete analysis for XSAT:GOSOL

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

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