SCOR SE (XSWX:SCR) Beneish M-Score: -2.98 (As of Jun. 24, 2026)


XSWX:SCR SCOR SE XSWX:SCR
45 GF Score
Price CHF28.46
GF Value CHF22.81
Valuation Modestly Overvalued
! 2 Warning Signs
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What is SCOR SE Beneish M-Score?

SCOR SE XSWX:SCR -0.07% 45 Beneish M-Score is -2.98 as of Jun. 24, 2026. GuruFocus rates XSWX:SCR with a GF Score™ of 45/100 and a GF Value™ of CHF22.81 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 399 Insurance companies, SCOR SE ranks better than 84.71% 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 -2.98 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XSWX:SCR' s Beneish M-Score Range Over the Past 10 Years
Min: -3.82   Med: -2.53   Max: -2.08
Current: -2.98

During the past 13 years, the highest Beneish M-Score of SCOR SE was -2.08. The lowest was -3.82. And the median was -2.53.

XSWX:SCR
45GF Score
SCOR SE XSWX:SCR
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SCOR SE 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 SCOR SE 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 * 0.5938+0.528 * 1+0.404 * 1.0015+0.892 * 0.9452+0.115 * 0.8351
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.009612-0.327 * 1.0331
=-2.98

* 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 CHF145 Mil.
Revenue was CHF13,810 Mil.
Gross Profit was CHF13,810 Mil.
Total Current Assets was CHF0 Mil.
Total Assets was CHF33,686 Mil.
Property, Plant and Equipment(Net PPE) was CHF654 Mil.
Depreciation, Depletion and Amortization(DDA) was CHF237 Mil.
Selling, General, & Admin. Expense(SGA) was CHF0 Mil.
Total Current Liabilities was CHF0 Mil.
Long-Term Debt & Capital Lease Obligation was CHF3,281 Mil.
Net Income was CHF794 Mil.
Gross Profit was CHF27 Mil.
Cash Flow from Operations was CHF1,091 Mil.
 Total Receivables was CHF258 Mil.
Revenue was CHF14,611 Mil.
Gross Profit was CHF14,611 Mil.
Total Current Assets was CHF0 Mil.
Total Assets was CHF34,869 Mil.
Property, Plant and Equipment(Net PPE) was CHF729 Mil.
Depreciation, Depletion and Amortization(DDA) was CHF208 Mil.
Selling, General, & Admin. Expense(SGA) was CHF0 Mil.
Total Current Liabilities was CHF0 Mil.
Long-Term Debt & Capital Lease Obligation was CHF3,287 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)
=(144.636 / 13810.445) / (257.677 / 14611.037)
=0.010473 / 0.017636
=0.5938

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)
=(14611.037 / 14611.037) / (13810.445 / 13810.445)
=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 + 654.13) / 33686.288) / (1 - (0 + 729.151) / 34868.562)
=0.980582 / 0.979089
=1.0015

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
=13810.445 / 14611.037
=0.9452

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))
=(208.196 / (208.196 + 729.151)) / (237.017 / (237.017 + 654.13))
=0.222112 / 0.265968
=0.8351

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 / 13810.445) / (0 / 14611.037)
=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)
=((3280.914 + 0) / 33686.288) / ((3287.25 + 0) / 34868.562)
=0.097396 / 0.094275
=1.0331

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
=(794.101 - 27.061 - 1090.839) / 33686.288
=-0.009612

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.

SCOR SE has a M-score of -2.98 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 -2.98 mean?
SCOR SE (XSWX:SCR) has a Beneish M-Score of -2.98 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on SCOR SE and its competitors. According to the industry distribution chart, SCOR SE ranks #61 out of 399 companies in the Insurance industry, placing it in the top 15.3%.
Is SCOR SE's Beneish M-Score too high?
SCOR SE's current Beneish M-Score is -2.98. Based on the distribution chart, SCOR SE ranks #61 out of 399 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, SCOR SE has a GF Score™ of 45/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SCOR SE's Beneish M-Score compare to RGA and EG?
According to the Insurance industry distribution chart, SCOR SE ranks #61 out of 399 companies for Beneish M-Score. This places SCOR SE in the top 15% of its industry — outperforming the majority of peers. 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 Insurance company?
A good Beneish M-Score depends on the Insurance 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 SCOR SE and its competitors. SCOR SE's current Beneish M-Score is -2.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SCOR SE stock overvalued right now?
Based on GuruFocus' analysis, SCOR SE (XSWX:SCR) is currently considered Modestly Overvalued. The stock's GF Value™ is CHF22.81, compared to a current price of CHF28.46 — trading 24.8% above its estimated fair value. The current Beneish M-Score is -2.98. SCOR SE's overall GF Score™ is 45/100 with 2 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 SCOR SE (XSWX:SCR), the current Beneish M-Score is -2.98 as of Jun. 24, 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 SCOR SE (XSWX:SCR) Overvalued in 2026?

Based on GuruFocus' analysis, SCOR SE stock appears to be overvalued. The current stock price of CHF28.46 is trading 24.8% above its estimated GF Value™ of CHF22.81. GuruFocus considers SCOR SE to be Modestly Overvalued.

Key valuation signals for XSWX:SCR:

  • Beneish M-Score: -2.98
  • GF Value™: CHF22.81 vs. price of CHF28.46 (24.8% above fair value)
  • GF Score™: 45/100 with 2 warning signs

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

SCOR SE Business Description

Address 5, avenue Kleber, Paris, FRA, 75116
Scor is the world's sixth-largest reinsurer, selling nonlife and life reinsurance. Scor Global Life insures life, health, and annuities. This means in its co-insurance agreements Scor shares in premiums and claims of life insurance contracts that have been sold by a primary insurer. In its excess of loss agreements, Scor reimburses a primary insurer for claims that are filed above an agreed amount. Scor also sells property and casualty reinsurance in coinsurance and excess of loss. Historically, Scor has been better in specialist lines and not as good in lines where there is a large potential for loss.
45GF Score

Get the complete analysis for XSWX:SCR

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

CHF28.46
Price
CHF22.81
GF Value