ACJJF (Acom Co) Beneish M-Score: -2.17 (As of Jun. 26, 2026)

What is Acom Co Beneish M-Score?

Acom Co ACJJF 80 Beneish M-Score is -2.17 as of Jun. 26, 2026. GuruFocus rates ACJJF with a GF Score™ of 80/100 and a GF Value™ of $2.43. The stock has 2 warning signs investors should review. Among 483 Credit Services companies, Acom Co ranks worse than 51.35% 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.

Good Sign:

Beneish M-Score -2.17 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ACJJF' s Beneish M-Score Range Over the Past 10 Years
Min: -2.65 Med: -2.35 Max: -1.56
Current: -2.17

During the past 13 years, the highest Beneish M-Score of Acom Co was -1.56. The lowest was -2.65. And the median was -2.35.

Acom Co Beneish M-Score Related Terms

Acom Co Beneish M-Score Historical Data

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The historical data trend for Acom Co'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.

Acom Co Beneish M-Score Chart

Acom Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Beneish M-Score

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-2.10

-2.33

-2.15

-2.36

-2.17

Acom Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															-2.36	0.00	0.00	0.00	-2.17

ACJJF vs V, MA, AXP: Beneish M-Score Comparison

For the Credit Services subindustry, Acom Co'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.

Acom Co Beneish M-Score vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Acom Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Acom Co's Beneish M-Score falls into.

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Acom Co Ltd ACJJF

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Acom Co 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 Acom Co for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.0056

0.528 * 1.0046

0.404 * 1.1668

0.892 * 0.9984

0.115 * 0.8794

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.005

4.679 * 0.041784

0.327 * 0.9996

-2.23

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was $9,090 Mil.
Revenue was $2,128 Mil.
Gross Profit was $2,067 Mil.
Total Current Assets was $9,589 Mil.
Total Assets was $10,186 Mil.
Property, Plant and Equipment(Net PPE) was $37 Mil.
Depreciation, Depletion and Amortization(DDA) was $25 Mil.
Selling, General, & Admin. Expense(SGA) was $462 Mil.
Total Current Liabilities was $2,580 Mil.
Long-Term Debt & Capital Lease Obligation was $2,376 Mil.
Net Income was $502 Mil.
Gross Profit was $0 Mil.
Cash Flow from Operations was $76 Mil.

Total Receivables was $9,054 Mil.
Revenue was $2,132 Mil.
Gross Profit was $2,080 Mil.
Total Current Assets was $9,451 Mil.
Total Assets was $9,972 Mil.
Property, Plant and Equipment(Net PPE) was $51 Mil.
Depreciation, Depletion and Amortization(DDA) was $27 Mil.
Selling, General, & Admin. Expense(SGA) was $460 Mil.
Total Current Liabilities was $2,007 Mil.
Long-Term Debt & Capital Lease Obligation was $2,847 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)
	=	(9090.21 / 2128.184)	/	(9054.077 / 2131.652)
	=	4.271346	/	4.247446
	=	1.0056

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)
	=	(2079.525 / 2131.652)	/	(2066.64 / 2128.184)
	=	0.975546	/	0.971081
	=	1.0046

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 - (9588.897 + 37.439) / 10186.233)	/	(1 - (9451.212 + 51.081) / 9972.044)
	=	0.054966	/	0.047107
	=	1.1668

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
	=	2128.184	/	2131.652
	=	0.9984

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))
	=	(27.285 / (27.285 + 51.081))	/	(24.54 / (24.54 + 37.439))
	=	0.348174	/	0.395941
	=	0.8794

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)
	=	(461.682 / 2128.184)	/	(460.144 / 2131.652)
	=	0.216937	/	0.215863
	=	1.005

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)
	=	((2376.195 + 2580.048) / 10186.233)	/	((2846.712 + 2007.439) / 9972.044)
	=	0.486563	/	0.486776
	=	0.9996

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
	=	(501.851 - 0	-	76.228)	/	10186.233
	=	0.041784

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.

Acom Co has a M-score of -2.23 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 -2.17 mean?

Acom Co (ACJJF) has a Beneish M-Score of -2.17 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Acom Co and its competitors. According to the industry distribution chart, Acom Co ranks #248 out of 483 companies in the Credit Services industry, placing it in the top 51.3%.

Is Acom Co's Beneish M-Score too high?

Acom Co's current Beneish M-Score is -2.17. Based on the distribution chart, Acom Co ranks #248 out of 483 companies in the Credit Services industry, which is below the industry midpoint. Overall, Acom Co has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.

How does Acom Co's Beneish M-Score compare to V and MA?

According to the Credit Services industry distribution chart, Acom Co ranks #248 out of 483 companies for Beneish M-Score. This places Acom Co 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 Credit Services company?

A good Beneish M-Score depends on the Credit Services 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 Acom Co and its competitors. Acom Co's current Beneish M-Score is -2.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Acom Co stock overvalued right now?

Acom Co (ACJJF) has a current Beneish M-Score of -2.17. The stock's GF Value™ is $2.43, compared to a current price of $2.44 — trading 0.4% above its estimated fair value. The current Beneish M-Score is -2.17. Acom Co's overall GF Score™ is 80/100 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 Acom Co (ACJJF), the current Beneish M-Score is -2.17 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 Acom Co (ACJJF) Overvalued in 2026?

Based on GuruFocus' analysis, Acom Co stock appears to be overvalued. The current stock price of $2.44 is trading 0.4% above its estimated GF Value™ of $2.43.

Key valuation signals for ACJJF:

Beneish M-Score: -2.17
GF Value™: $2.43 vs. price of $2.44 (0.4% above fair value)
GF Score™: 80/100 with 2 warning signs

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

Acom Co Business Description

Industry Financial Services Credit Services

Comparable Companies TSE:8253 TSE:8252 TSE:7164 TSE:8425 TSE:8570 TSE:547A TSE:8566 TSE:8511 TSE:8584 TSE:8585 V MA AXP COF BOM:500034 PYPL AFRM SYF NSE:SHRIRAMFIN SOFI

Other Exchanges 8572:Japan AK5:Germany

Address 9-1, Higashi Shinbashi 1-chome, Minato-ku, Tokyo, JPN, 100-8307

Website https://www.acom.co.jp

Acom Co Ltd is a Japanese consumer finance company. Its core business segments are the loan and credit card business, Guarantee business, overseas financial business, Loan servicing business, and others. Its loan and credit business offers credit cards and unsecured loans; The guarantee segment provides credit guarantee services, including loan portfolio management and marketing analyses; The firm also offers loan administrative services in its loan servicing segment; Overseas businesses are mostly in the retail finance sector; and Others include contracting at the contact center and temporary personnel services. The company earns maximum revenue from its loan and credit card business.

80GF Score

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

$2.44

Price

$2.43

GF Value

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