MRFCF (Unisol Holdings) Beneish M-Score: -2.76 (As of Jul. 16, 2026)

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MRFCF Unisol Holdings Corp MRFCF
63 GF Score
Price $13.35
GF Value $12.06
! 3 Warning Signs
View Full Analysis

What is Unisol Holdings Beneish M-Score?

Unisol Holdings MRFCF 63 Beneish M-Score is -2.76 as of Jul. 16, 2026. GuruFocus rates MRFCF with a GF Score™ of 63/100 and a GF Value™ of $12.06. The stock has 3 warning signs investors should review. Among 152 Industrial Distribution companies, Unisol Holdings ranks better than 69.08% 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 -2.76 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MRFCF' s Beneish M-Score Range Over the Past 10 Years
Min: -2.8   Med: -2.76   Max: -2.42
Current: -2.76

During the past 5 years, the highest Beneish M-Score of Unisol Holdings was -2.42. The lowest was -2.80. And the median was -2.76.


Unisol Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Unisol Holdings'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.

Unisol Holdings Beneish M-Score Chart

Unisol Holdings Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.42 -2.80 -2.76

Unisol Holdings Quarterly Data
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 0.00 0.00 0.00 -2.76 0.00

MRFCF vs GWW, FAST, FERG: Beneish M-Score Comparison

For the Industrial Distribution subindustry, Unisol Holdings'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.


Unisol Holdings Beneish M-Score vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Unisol Holdings's Beneish M-Score distribution charts can be found below:

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


MRFCF
63GF Score
Unisol Holdings Corp MRFCF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Unisol Holdings 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 Unisol Holdings 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 * 0.8051+0.528 * 0.9645+0.404 * 1.1295+0.892 * 0.9702+0.115 * 1.0145
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.030738-0.327 * 0.9264
=-2.77

* 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 $145 Mil.
Revenue was $1,020 Mil.
Gross Profit was $168 Mil.
Total Current Assets was $529 Mil.
Total Assets was $751 Mil.
Property, Plant and Equipment(Net PPE) was $159 Mil.
Depreciation, Depletion and Amortization(DDA) was $11 Mil.
Selling, General, & Admin. Expense(SGA) was $0 Mil.
Total Current Liabilities was $261 Mil.
Long-Term Debt & Capital Lease Obligation was $6 Mil.
Net Income was $12 Mil.
Gross Profit was $0 Mil.
Cash Flow from Operations was $35 Mil.
Total Receivables was $186 Mil.
Revenue was $1,051 Mil.
Gross Profit was $167 Mil.
Total Current Assets was $563 Mil.
Total Assets was $785 Mil.
Property, Plant and Equipment(Net PPE) was $165 Mil.
Depreciation, Depletion and Amortization(DDA) was $12 Mil.
Selling, General, & Admin. Expense(SGA) was $0 Mil.
Total Current Liabilities was $295 Mil.
Long-Term Debt & Capital Lease Obligation was $7 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)
=(145.284 / 1020.017) / (185.991 / 1051.372)
=0.142433 / 0.176903
=0.8051

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)
=(166.864 / 1051.372) / (167.848 / 1020.017)
=0.158711 / 0.164554
=0.9645

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 - (529.353 + 159.112) / 750.537) / (1 - (563.01 + 164.972) / 785.499)
=0.082703 / 0.073224
=1.1295

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
=1020.017 / 1051.372
=0.9702

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))
=(11.832 / (11.832 + 164.972)) / (11.237 / (11.237 + 159.112))
=0.066922 / 0.065965
=1.0145

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 / 1020.017) / (0 / 1051.372)
=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)
=((6.35 + 261.078) / 750.537) / ((7.275 + 294.836) / 785.499)
=0.356316 / 0.38461
=0.9264

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
=(12.225 - 0 - 35.295) / 750.537
=-0.030738

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.

Unisol Holdings has a M-score of -2.77 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 -2.76 mean?
Unisol Holdings (MRFCF) has a Beneish M-Score of -2.76 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Unisol Holdings and its competitors. According to the industry distribution chart, Unisol Holdings ranks #47 out of 152 companies in the Industrial Distribution industry, placing it in the top 30.9%.
Is Unisol Holdings' Beneish M-Score too high?
Unisol Holdings' current Beneish M-Score is -2.76. Based on the distribution chart, Unisol Holdings ranks #47 out of 152 companies in the Industrial Distribution industry, which is above the industry midpoint. Overall, Unisol Holdings has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Unisol Holdings' Beneish M-Score compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Unisol Holdings ranks #47 out of 152 companies for Beneish M-Score. This puts Unisol Holdings 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 an Industrial Distribution company?
A good Beneish M-Score depends on the Industrial Distribution 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 Unisol Holdings and its competitors. Unisol Holdings's current Beneish M-Score is -2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unisol Holdings stock overvalued right now?
Unisol Holdings (MRFCF) has a current Beneish M-Score of -2.76. The stock's GF Value™ is $12.06, compared to a current price of $13.35 — trading 10.7% above its estimated fair value. The current Beneish M-Score is -2.76. Unisol Holdings' overall GF Score™ is 63/100 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 Unisol Holdings (MRFCF), the current Beneish M-Score is -2.76 as of Jul. 16, 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 Unisol Holdings (MRFCF) Overvalued in 2026?

Based on GuruFocus' analysis, Unisol Holdings stock appears to be overvalued. The current stock price of $13.35 is trading 10.7% above its estimated GF Value™ of $12.06.

Key valuation signals for MRFCF:

  • Beneish M-Score: -2.76
  • GF Value™: $12.06 vs. price of $13.35 (10.7% above fair value)
  • GF Score™: 63/100 with 3 warning signs

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


Unisol Holdings Business Description

Other Exchanges 7128:Japan
Address 1-2-10, Minamishin-machi, Chuo-ku, Osaka, JPN, 540-0024
Unisol Holdings Corp is a technology trading company group with manufacturing capabilities. The company operates in four business segments: i) Machinery and tools business: includes sales of industrial machinery and industrial robots, peripheral tools and consumables for machinery, food processing machinery and cleaning machines. ii) Construction Materials Business: selling of steel structural materials such as structural members and bolts. iii) Construction Machinery Business: sales and rentals of construction machinery such as cranes, excavators, and foundation machinery to civil engineering and sign installation businesses, and iv) IoT solution business: operates a business centered on surveillance equipment.
63GF Score

Get the complete analysis for MRFCF

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

$13.35
Price
$12.06
GF Value