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Yamaha Motor CoFRA:YMA -2.39%70 Beneish M-Score is -2.33 as of Aug. 10, 2026. GuruFocus rates FRA:YMA with a GF Score™ of 70/100 and a GF Value™ of €5.35 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,275 Vehicles & Parts companies, Yamaha Motor Co ranks worse than 67.84% 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 -2.33 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Yamaha Motor Co's Beneish M-Score or its related term are showing as below:
FRA:YMA'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.85 Med: -2.41 Max: -2.06
Current: -2.33
During the past 13 years, the highest Beneish M-Score of Yamaha Motor Co was -2.06. The lowest was -2.85. And the median was -2.41.
The historical data trend for Yamaha Motor 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.
FRA:YMA vs TSLA, GM, F: Beneish M-Score Comparison
For the Auto Manufacturers subindustry, Yamaha Motor 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.
Yamaha Motor Co Beneish M-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Yamaha Motor Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Yamaha Motor Co's Beneish M-Score falls into.
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 Yamaha Motor Co 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 * 1.4774
+
0.528 * 1.0352
+
0.404 * 1.0093
+
0.892 * 0.7134
+
0.115 * 1.2942
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9753
+
4.679 * -0.036957
-
0.327 * 1.0138
=
-2.41
* 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.
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.
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))
=
(522.392 / (522.392 + 2836.434))
/
(384.478 / (384.478 + 2814.826))
=
0.155528
/
0.120176
=
1.2942
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
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
=
(19.501 - 0
-
622.33)
/
16311.651
=
-0.036957
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.
Yamaha Motor Co has a M-score of -2.41 suggests that the company is unlikely to be a manipulator.
Yamaha Motor Co (FRA:YMA) has a Beneish M-Score of -2.33 as of Aug. 10, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yamaha Motor Co and its competitors. According to the industry distribution chart, Yamaha Motor Co ranks #865 out of 1275 companies in the Vehicles & Parts industry, placing it in the top 67.8%.
Is Yamaha Motor Co's Beneish M-Score too high?
Yamaha Motor Co's current Beneish M-Score is -2.33. Based on the distribution chart, Yamaha Motor Co ranks #865 out of 1275 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Yamaha Motor Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Yamaha Motor Co's Beneish M-Score compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Yamaha Motor Co ranks #865 out of 1275 companies for Beneish M-Score. This places Yamaha Motor 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Yamaha Motor Co and its competitors. Yamaha Motor Co's current Beneish M-Score is -2.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yamaha Motor Co stock overvalued right now?
Based on GuruFocus' analysis, Yamaha Motor Co (FRA:YMA) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.35, compared to a current price of €10.01 — trading 87.1% above its estimated fair value. The current Beneish M-Score is -2.33. Yamaha Motor Co's overall GF Score™ is 70/100 with 9 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 Yamaha Motor Co (FRA:YMA), the current Beneish M-Score is -2.33 as of Aug. 10, 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 Yamaha Motor Co (FRA:YMA) Overvalued in 2026?
Based on GuruFocus' analysis, Yamaha Motor Co stock appears to be overvalued.
The current stock price of €10.01 is trading 87.1% above its estimated GF Value™ of €5.35.
GuruFocus considers Yamaha Motor Co to be Significantly Overvalued.
Key valuation signals for FRA:YMA:
Beneish M-Score: -2.33
GF Value™: €5.35 vs. price of €10.01 (87.1% above fair value)
No single metric tells the full story. See the FRA:YMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Yamaha Motor Co Ltd is engaged in the manufacture and sale of motorcycles, marine products, and related equipment. The company operates through four reportable segments: Land Mobility, Marine, Robotics, and Financial Services. The Land Mobility segment includes motorcycles, highway vehicles, electric-assist bicycles, automobile engines, and components. The Marine segment handles outboard motors, water vehicles, boats, and fishing vessels. The Robotics segment provides surface mounters, semiconductor manufacturing equipment, industrial robots, and unmanned helicopters, while the Financial Services segment offers sales financing and leasing related to Yamaha products. It generates the majority of its revenue from the Land mobility segment.
70GF Score
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