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 -2.23 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Amaze Co's Beneish M-Score or its related term are showing as below:
FSE:6076'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.1 Med: -2.58 Max: -1.46
Current: -2.23
During the past 13 years, the highest Beneish M-Score of Amaze Co was -1.46. The lowest was -3.10. And the median was -2.58.
Amaze Co Beneish M-Score Related Terms
Amaze Co Beneish M-Score Historical Data
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The historical data trend for Amaze 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.
FSE:6076 vs MAR, HLT, H: Beneish M-Score Comparison
For the Lodging subindustry, Amaze 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.
Amaze Co Beneish M-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Amaze Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Amaze 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 Amaze 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 * 1.2365
+
0.528 * 1.0067
+
0.404 * 1.223
+
0.892 * 1.0849
+
0.115 * 1.0966
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.032312
-
0.327 * 0.9926
=
-2.23
* 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))
=
(1273 / (1273 + 24837))
/
(1329 / (1329 + 28564))
=
0.048755
/
0.044459
=
1.0966
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
=
(2081 - 0
-
3102)
/
31598
=
-0.032312
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.
Amaze Co has a M-score of -2.23 suggests that the company is unlikely to be a manipulator.
Amaze Co (FSE:6076) has a Beneish M-Score of -2.23 as of Jul. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Amaze Co and its competitors. According to the industry distribution chart, Amaze Co ranks #622 out of 819 companies in the Travel & Leisure industry, placing it in the top 75.9%.
Is Amaze Co's Beneish M-Score too high?
Amaze Co's current Beneish M-Score is -2.23. Based on the distribution chart, Amaze Co ranks #622 out of 819 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Amaze Co has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Amaze Co's Beneish M-Score compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Amaze Co ranks #622 out of 819 companies for Beneish M-Score. This places Amaze 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 Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 Amaze Co and its competitors. Amaze Co's current Beneish M-Score is -2.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amaze Co stock overvalued right now?
Based on GuruFocus' analysis, Amaze Co (FSE:6076) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,746.53, compared to a current price of 円1,200.00 — trading 31.3% below its estimated fair value. The current Beneish M-Score is -2.23. Amaze Co's overall GF Score™ is 60/100 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 Amaze Co (FSE:6076), the current Beneish M-Score is -2.23 as of Jul. 11, 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 Amaze Co (FSE:6076) Overvalued in 2026?
Based on GuruFocus' analysis, Amaze Co stock appears to be undervalued.
The current stock price of 円1,200.00 is trading 31.3% below its estimated GF Value™ of 円1,746.53.
GuruFocus considers Amaze Co to be Significantly Undervalued.
Key valuation signals for FSE:6076:
Beneish M-Score: -2.23
GF Value™: 円1,746.53 vs. price of 円1,200.00 (31.3% below fair value)
No single metric tells the full story. See the FSE:6076 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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