GMYOY (GMO Internet group) Beneish M-Score: -2.58 (As of Jun. 26, 2026)


GMYOY GMO Internet group Inc GMYOY
67 GF Score
Price $31.48
GF Value $32.00
! 4 Warning Signs
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What is GMO Internet group Beneish M-Score?

GMO Internet group GMYOY -7.87% 67 Beneish M-Score is -2.58 as of Jun. 26, 2026. GuruFocus rates GMYOY with a GF Score™ of 67/100 and a GF Value™ of $32.00. The stock has 4 warning signs investors should review. Among 355 Telecommunication Services companies, GMO Internet group ranks worse than 68.73% 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 -2.58 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

GMYOY' s Beneish M-Score Range Over the Past 10 Years
Min: -3.31   Med: -2.39   Max: -1.94
Current: -2.58

During the past 13 years, the highest Beneish M-Score of GMO Internet group was -1.94. The lowest was -3.31. And the median was -2.39.


GMO Internet group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for GMO Internet group'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.

GMO Internet group Beneish M-Score Chart

GMO Internet group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.09 -2.41 -2.41 -3.31 -2.58

GMO Internet group 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 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 0.00 0.00 0.00 -2.58 0.00

GMYOY vs TMUS, VZ, T: Beneish M-Score Comparison

For the Telecom Services subindustry, GMO Internet group'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.


GMO Internet group Beneish M-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, GMO Internet group's Beneish M-Score distribution charts can be found below:

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


GMYOY
67GF Score
GMO Internet group Inc GMYOY
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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GMO Internet group 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 GMO Internet group 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+0.528 * 1.0149+0.404 * 1.0125+0.892 * 1.0082+0.115 * 1.0368
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9154+4.679 * -0.030763-0.327 * 1.011
=-2.59

* 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 $0 Mil.
Revenue was $1,830 Mil.
Gross Profit was $1,098 Mil.
Total Current Assets was $13,208 Mil.
Total Assets was $14,575 Mil.
Property, Plant and Equipment(Net PPE) was $422 Mil.
Depreciation, Depletion and Amortization(DDA) was $110 Mil.
Selling, General, & Admin. Expense(SGA) was $705 Mil.
Total Current Liabilities was $11,102 Mil.
Long-Term Debt & Capital Lease Obligation was $0 Mil.
Net Income was $107 Mil.
Gross Profit was $0 Mil.
Cash Flow from Operations was $556 Mil.
Total Receivables was $0 Mil.
Revenue was $1,815 Mil.
Gross Profit was $1,105 Mil.
Total Current Assets was $12,651 Mil.
Total Assets was $13,985 Mil.
Property, Plant and Equipment(Net PPE) was $439 Mil.
Depreciation, Depletion and Amortization(DDA) was $120 Mil.
Selling, General, & Admin. Expense(SGA) was $764 Mil.
Total Current Liabilities was $10,537 Mil.
Long-Term Debt & Capital Lease Obligation was $0 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)
=(0 / 1830.337) / (0 / 1815.488)
=0 / 0
=1

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)
=(1105.157 / 1815.488) / (1097.81 / 1830.337)
=0.608738 / 0.599786
=1.0149

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 - (13207.959 + 421.941) / 14574.98) / (1 - (12650.963 + 438.568) / 13985.137)
=0.064843 / 0.06404
=1.0125

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
=1830.337 / 1815.488
=1.0082

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))
=(120.151 / (120.151 + 438.568)) / (110.419 / (110.419 + 421.941))
=0.215047 / 0.207414
=1.0368

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)
=(704.672 / 1830.337) / (763.577 / 1815.488)
=0.384996 / 0.42059
=0.9154

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)
=((0 + 11102.075) / 14574.98) / ((0 + 10536.654) / 13985.137)
=0.761721 / 0.753418
=1.011

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
=(107.424 - 0 - 555.79) / 14574.98
=-0.030763

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.

GMO Internet group has a M-score of -2.59 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 -2.58 mean?
GMO Internet group (GMYOY) has a Beneish M-Score of -2.58 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on GMO Internet group and its competitors. According to the industry distribution chart, GMO Internet group ranks #244 out of 355 companies in the Telecommunication Services industry, placing it in the top 68.7%.
Is GMO Internet group's Beneish M-Score too high?
GMO Internet group's current Beneish M-Score is -2.58. Based on the distribution chart, GMO Internet group ranks #244 out of 355 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, GMO Internet group has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does GMO Internet group's Beneish M-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, GMO Internet group ranks #244 out of 355 companies for Beneish M-Score. This places GMO Internet group 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 Telecommunication Services company?
A good Beneish M-Score depends on the Telecommunication 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 GMO Internet group and its competitors. GMO Internet group's current Beneish M-Score is -2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GMO Internet group stock overvalued right now?
GMO Internet group (GMYOY) has a current Beneish M-Score of -2.58. The stock's GF Value™ is $32.00, compared to a current price of $31.48 — trading 1.6% below its estimated fair value. The current Beneish M-Score is -2.58. GMO Internet group's overall GF Score™ is 67/100 with 4 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 GMO Internet group (GMYOY), the current Beneish M-Score is -2.58 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 GMO Internet group (GMYOY) Overvalued in 2026?

Based on GuruFocus' analysis, GMO Internet group stock appears to be undervalued. The current stock price of $31.48 is trading 1.6% below its estimated GF Value™ of $32.00.

Key valuation signals for GMYOY:

  • Beneish M-Score: -2.58
  • GF Value™: $32.00 vs. price of $31.48 (1.6% below fair value)
  • GF Score™: 67/100 with 4 warning signs

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


GMO Internet group Business Description

Address 26-1 Sakuragaokacho, Cerulean Tower 4th-14th floors, Shibuya ku, Tokyo, JPN
GMO Internet group Inc operates through main segment namely, Internet infrastructure business, Internet advertising and media, Internet securities, Internet financial services and Cryptocurrency. Internet infrastructure, the key segment, provides basic Internet services, such as domain hosting and e-commerce payments. Online advertising and media segment provides marketing services for online businesses. The Internet securities division provides consumer financial services, and the Cryptocurrency segment operates business pertaining to mining and exchange of cryptocurrency. The company generates the vast majority of revenue in Japan.
67GF Score

Get the complete analysis for GMYOY

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

$31.48
Price
$32.00
GF Value