Basler Kantonalbank (XSWX:BSKP) Beneish M-Score: -2.44 (As of Jun. 25, 2026)


XSWX:BSKP Basler Kantonalbank XSWX:BSKP
41 GF Score
Price CHF98.40
GF Value CHF11.92
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Basler Kantonalbank Beneish M-Score?

Basler Kantonalbank XSWX:BSKP +0.82% 41 Beneish M-Score is -2.44 as of Jun. 25, 2026. GuruFocus rates XSWX:BSKP with a GF Score™ of 41/100 and a GF Value™ of CHF11.92 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,396 Banks companies, Basler Kantonalbank ranks better than 58.24% 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 -2.44 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XSWX:BSKP' s Beneish M-Score Range Over the Past 10 Years
Min: -2.91   Med: -2.46   Max: -2.09
Current: -2.44

During the past 13 years, the highest Beneish M-Score of Basler Kantonalbank was -2.09. The lowest was -2.91. And the median was -2.46.

XSWX:BSKP
41GF Score
Basler Kantonalbank XSWX:BSKP
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Basler Kantonalbank 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 Basler Kantonalbank 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 * 1.0002+0.892 * 1.0124+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9372+4.679 * 0.003535-0.327 * 0.9851
=-2.44

* 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 CHF0.0 Mil.
Revenue was CHF667.6 Mil.
Gross Profit was CHF667.6 Mil.
Total Current Assets was CHF0.0 Mil.
Total Assets was CHF57,367.6 Mil.
Property, Plant and Equipment(Net PPE) was CHF144.6 Mil.
Depreciation, Depletion and Amortization(DDA) was CHF0.0 Mil.
Selling, General, & Admin. Expense(SGA) was CHF105.2 Mil.
Total Current Liabilities was CHF0.0 Mil.
Long-Term Debt & Capital Lease Obligation was CHF11,589.5 Mil.
Net Income was CHF202.8 Mil.
Gross Profit was CHF0.0 Mil.
Cash Flow from Operations was CHF0.0 Mil.
 Total Receivables was CHF0.0 Mil.
Revenue was CHF659.4 Mil.
Gross Profit was CHF659.4 Mil.
Total Current Assets was CHF0.0 Mil.
Total Assets was CHF55,892.2 Mil.
Property, Plant and Equipment(Net PPE) was CHF151.6 Mil.
Depreciation, Depletion and Amortization(DDA) was CHF21.2 Mil.
Selling, General, & Admin. Expense(SGA) was CHF110.8 Mil.
Total Current Liabilities was CHF0.0 Mil.
Long-Term Debt & Capital Lease Obligation was CHF11,462.6 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 / 667.557) / (0 / 659.413)
=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)
=(659.413 / 659.413) / (667.557 / 667.557)
=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 + 144.623) / 57367.563) / (1 - (0 + 151.643) / 55892.23)
=0.997479 / 0.997287
=1.0002

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
=667.557 / 659.413
=1.0124

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))
=(21.159 / (21.159 + 151.643)) / (0 / (0 + 144.623))
=0.122446 / 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)
=(105.164 / 667.557) / (110.84 / 659.413)
=0.157536 / 0.168089
=0.9372

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)
=((11589.477 + 0) / 57367.563) / ((11462.558 + 0) / 55892.23)
=0.202021 / 0.205083
=0.9851

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
=(202.808 - 0 - 0) / 57367.563
=0.003535

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.

Basler Kantonalbank has a M-score of -2.44 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 -2.44 mean?
Basler Kantonalbank (XSWX:BSKP) has a Beneish M-Score of -2.44 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Basler Kantonalbank and its competitors. According to the industry distribution chart, Basler Kantonalbank ranks #583 out of 1396 companies in the Banks industry, placing it in the top 41.8%.
Is Basler Kantonalbank's Beneish M-Score too high?
Basler Kantonalbank's current Beneish M-Score is -2.44. Based on the distribution chart, Basler Kantonalbank ranks #583 out of 1396 companies in the Banks industry, which is above the industry midpoint. Overall, Basler Kantonalbank has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Basler Kantonalbank's Beneish M-Score compare to PNC?
According to the Banks industry distribution chart, Basler Kantonalbank ranks #583 out of 1396 companies for Beneish M-Score. This puts Basler Kantonalbank 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 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 Basler Kantonalbank and its competitors. Basler Kantonalbank's current Beneish M-Score is -2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Basler Kantonalbank stock overvalued right now?
Based on GuruFocus' analysis, Basler Kantonalbank (XSWX:BSKP) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF11.92, compared to a current price of CHF98.40 — trading 725.5% above its estimated fair value. The current Beneish M-Score is -2.44. Basler Kantonalbank's overall GF Score™ is 41/100 with 4 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 Basler Kantonalbank (XSWX:BSKP), the current Beneish M-Score is -2.44 as of Jun. 25, 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 Basler Kantonalbank (XSWX:BSKP) Overvalued in 2026?

Based on GuruFocus' analysis, Basler Kantonalbank stock appears to be overvalued. The current stock price of CHF98.40 is trading 725.5% above its estimated GF Value™ of CHF11.92. GuruFocus considers Basler Kantonalbank to be Significantly Overvalued.

Key valuation signals for XSWX:BSKP:

  • Beneish M-Score: -2.44
  • GF Value™: CHF11.92 vs. price of CHF98.40 (725.5% above fair value)
  • GF Score™: 41/100 with 4 warning signs

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

Basler Kantonalbank Business Description

Other Exchanges BSKPz:UK0QLU:UK0B8:Germany
Address Spiegelgasse 2, Basel, CHE, 4002
Basler Kantonalbank provides banking services in Switzerland. The bank offers products and services to its private and corporate clients, including bank accounts, mortgages, financial planning, and pensions, as well as national and international stock market brokerage services. It also renders private banking services, mobile payment, financial planning, tax consultation, inheritance advisory and many more.
41GF Score

Get the complete analysis for XSWX:BSKP

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

CHF98.40
Price
CHF11.92
GF Value