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 -2.39 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Mitsubishi Electric's Beneish M-Score or its related term are showing as below:
MIELF'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.81 Med: -2.5 Max: -2.35
Current: -2.39
During the past 13 years, the highest Beneish M-Score of Mitsubishi Electric was -2.35. The lowest was -2.81. And the median was -2.50.
Mitsubishi Electric Beneish M-Score Related Terms
Mitsubishi Electric Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Mitsubishi Electric'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.
For the Electrical Equipment & Parts subindustry, Mitsubishi Electric'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.
Mitsubishi Electric Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mitsubishi Electric's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Mitsubishi Electric'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 Mitsubishi Electric 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 * 1.0458
+
0.528 * 0.9576
+
0.404 * 1.1689
+
0.892 * 1.0574
+
0.115 * 1.0082
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9897
+
4.679 * -0.024494
-
0.327 * 1.035
=
-2.46
* 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))
=
(1470.036 / (1470.036 + 6430.118))
/
(1537.772 / (1537.772 + 6794.295))
=
0.186077
/
0.184561
=
1.0082
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
=
(2683.544 - 0
-
3819.217)
/
46366.189
=
-0.024494
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.
Mitsubishi Electric has a M-score of -2.46 suggests that the company is unlikely to be a manipulator.
Mitsubishi Electric (MIELF) has a Beneish M-Score of -2.39 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Mitsubishi Electric and its competitors. According to the industry distribution chart, Mitsubishi Electric ranks #1637 out of 2926 companies in the Industrial Products industry, placing it in the top 55.9%.
Is Mitsubishi Electric's Beneish M-Score too high?
Mitsubishi Electric's current Beneish M-Score is -2.39. Based on the distribution chart, Mitsubishi Electric ranks #1637 out of 2926 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Mitsubishi Electric has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Electric's Beneish M-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Mitsubishi Electric ranks #1637 out of 2926 companies for Beneish M-Score. This places Mitsubishi Electric 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Mitsubishi Electric and its competitors. Mitsubishi Electric's current Beneish M-Score is -2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Electric stock overvalued right now?
Based on GuruFocus' analysis, Mitsubishi Electric (MIELF) is currently considered Significantly Overvalued. The stock's GF Value™ is $17.25, compared to a current price of $37.29 — trading 116.2% above its estimated fair value. The current Beneish M-Score is -2.39. Mitsubishi Electric's overall GF Score™ is 72/100 with 7 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 Mitsubishi Electric (MIELF), the current Beneish M-Score is -2.39 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 Mitsubishi Electric (MIELF) Overvalued in 2026?
Based on GuruFocus' analysis, Mitsubishi Electric stock appears to be overvalued.
The current stock price of $37.29 is trading 116.2% above its estimated GF Value™ of $17.25.
GuruFocus considers Mitsubishi Electric to be Significantly Overvalued.
Key valuation signals for MIELF:
Beneish M-Score: -2.39
GF Value™: $17.25 vs. price of $37.29 (116.2% above fair value)
No single metric tells the full story. See the MIELF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mitsubishi Electric is a leading Japanese diversified industrial manufacturer, specializing in factory automation systems, power and energy systems, infrastructure solutions, automotive equipment, electronic devices, and home appliances. Founded in 1921 and headquartered in Tokyo, the company operates globally with a strong presence in Asia, Europe, and North America. Known for its technological expertise and high reliability, Mitsubishi Electric plays a vital role in sectors ranging from smart manufacturing and transportation to energy management and defense. The company emphasizes sustainability, innovation, and long-term growth through its focus on electrification, automation, and digitalization.
72GF Score
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