GCSSF (Gecoss) Beneish M-Score: -2.77 (As of Jun. 24, 2026)


GCSSF Gecoss Corp GCSSF
51 GF Score
Price $9.53
GF Value $6.34
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Gecoss Beneish M-Score?

Gecoss GCSSF 51 Beneish M-Score is -2.77 as of Jun. 24, 2026. GuruFocus rates GCSSF with a GF Score™ of 51/100 and a GF Value™ of $6.34 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,020 Business Services companies, Gecoss ranks better than 67.25% 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 -2.77 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

GCSSF' s Beneish M-Score Range Over the Past 10 Years
Min: -2.89   Med: -2.58   Max: -2.31
Current: -2.77

During the past 13 years, the highest Beneish M-Score of Gecoss was -2.31. The lowest was -2.89. And the median was -2.58.


Gecoss Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Gecoss'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.

Gecoss Beneish M-Score Chart

Gecoss Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.70 -2.36 -2.31 -2.79 -2.77

Gecoss Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.31 0.00 -2.79 0.00 -2.77

GCSSF vs URI, SUNB, AER: Beneish M-Score Comparison

For the Rental & Leasing Services subindustry, Gecoss'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.


Gecoss Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Gecoss's Beneish M-Score distribution charts can be found below:

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


GCSSF
51GF Score
Gecoss Corp GCSSF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gecoss 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 Gecoss 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 * 0.9154+0.528 * 0.9135+0.404 * 0.9363+0.892 * 0.9741+0.115 * 1.0403
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.039237-0.327 * 0.9918
=-2.83

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $160.3 Mil.
Revenue was $729.0 Mil.
Gross Profit was $166.8 Mil.
Total Current Assets was $511.1 Mil.
Total Assets was $772.2 Mil.
Property, Plant and Equipment(Net PPE) was $166.3 Mil.
Depreciation, Depletion and Amortization(DDA) was $21.5 Mil.
Selling, General, & Admin. Expense(SGA) was $0.0 Mil.
Total Current Liabilities was $252.9 Mil.
Long-Term Debt & Capital Lease Obligation was $11.4 Mil.
Net Income was $36.9 Mil.
Gross Profit was $0.0 Mil.
Cash Flow from Operations was $67.2 Mil.
Total Receivables was $179.7 Mil.
Revenue was $748.4 Mil.
Gross Profit was $156.4 Mil.
Total Current Assets was $460.3 Mil.
Total Assets was $718.3 Mil.
Property, Plant and Equipment(Net PPE) was $163.8 Mil.
Depreciation, Depletion and Amortization(DDA) was $22.2 Mil.
Selling, General, & Admin. Expense(SGA) was $0.0 Mil.
Total Current Liabilities was $243.7 Mil.
Long-Term Debt & Capital Lease Obligation was $4.1 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)
=(160.282 / 729.002) / (179.749 / 748.368)
=0.219865 / 0.240188
=0.9154

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)
=(156.382 / 748.368) / (166.767 / 729.002)
=0.208964 / 0.228761
=0.9135

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 - (511.058 + 166.294) / 772.214) / (1 - (460.312 + 163.776) / 718.333)
=0.122844 / 0.1312
=0.9363

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
=729.002 / 748.368
=0.9741

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))
=(22.179 / (22.179 + 163.776)) / (21.534 / (21.534 + 166.294))
=0.119271 / 0.114647
=1.0403

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 / 729.002) / (0 / 748.368)
=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)
=((11.394 + 252.869) / 772.214) / ((4.139 + 243.718) / 718.333)
=0.342215 / 0.345045
=0.9918

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
=(36.885 - 0 - 67.184) / 772.214
=-0.039237

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.

Gecoss has a M-score of -2.83 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 -2.77 mean?
Gecoss (GCSSF) has a Beneish M-Score of -2.77 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Gecoss and its competitors. According to the industry distribution chart, Gecoss ranks #334 out of 1020 companies in the Business Services industry, placing it in the top 32.7%.
Is Gecoss' Beneish M-Score too high?
Gecoss' current Beneish M-Score is -2.77. Based on the distribution chart, Gecoss ranks #334 out of 1020 companies in the Business Services industry, which is above the industry midpoint. Overall, Gecoss has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gecoss' Beneish M-Score compare to URI and SUNB?
According to the Business Services industry distribution chart, Gecoss ranks #334 out of 1020 companies for Beneish M-Score. This puts Gecoss 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 Business Services company?
A good Beneish M-Score depends on the Business 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 Gecoss and its competitors. Gecoss's current Beneish M-Score is -2.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gecoss stock overvalued right now?
Based on GuruFocus' analysis, Gecoss (GCSSF) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.34, compared to a current price of $9.53 — trading 50.3% above its estimated fair value. The current Beneish M-Score is -2.77. Gecoss' overall GF Score™ is 51/100 with 1 warning sign 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 Gecoss (GCSSF), the current Beneish M-Score is -2.77 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 Gecoss (GCSSF) Overvalued in 2026?

Based on GuruFocus' analysis, Gecoss stock appears to be overvalued. The current stock price of $9.53 is trading 50.3% above its estimated GF Value™ of $6.34. GuruFocus considers Gecoss to be Significantly Overvalued.

Key valuation signals for GCSSF:

  • Beneish M-Score: -2.77
  • GF Value™: $6.34 vs. price of $9.53 (50.3% above fair value)
  • GF Score™: 51/100 with 1 warning sign

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


Gecoss Business Description

Other Exchanges 9991:Japan
Address 2-5-1 Koraku, Bunkyo-ku, Sumitomo Real Estate Iidabashi First Building, Tokyo, JPN, 112-0004
Gecoss Corp is a Japan-based company mainly engaged in leasing and sale of steel materials for construction work. The company offers and markets various steel products such as iron plate, H-shaped steel, steel sheet pile, steel mountain abstract, and lining plate. It also designs and undertakes construction works of piling, mountain and dismantling, and soil cement post column wall. Additionally, the company also markets, rents and construct temporary bridges.
51GF Score

Get the complete analysis for GCSSF

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

$9.53
Price
$6.34
GF Value