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Nihon Decoluxe CoNGO:7950 62 Beneish M-Score is -2.66 as of Aug. 22, 2026. GuruFocus rates NGO:7950 with a GF Score™ of 62/100 and a GF Value™ of 円8,401.02 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 419 Furnishings, Fixtures & Appliances companies, Nihon Decoluxe Co ranks better than 57.52% 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 -2.66 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Nihon Decoluxe Co's Beneish M-Score or its related term are showing as below:
NGO:7950'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.99 Med: -2.46 Max: -1.98
Current: -2.66
During the past 13 years, the highest Beneish M-Score of Nihon Decoluxe Co was -1.98. The lowest was -2.99. And the median was -2.46.
The historical data trend for Nihon Decoluxe 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.
NGO:7950 vs SN, SGI, MHK: Beneish M-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, Nihon Decoluxe 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.
Nihon Decoluxe Co Beneish M-Score vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nihon Decoluxe Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Nihon Decoluxe 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 Nihon Decoluxe 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 * 0.8305
+
0.528 * 0.9569
+
0.404 * 1.1833
+
0.892 * 1.0051
+
0.115 * 1.0709
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9757
+
4.679 * -0.023129
-
0.327 * 0.9612
=
-2.66
* 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))
=
(274.226 / (274.226 + 7767.471))
/
(261.095 / (261.095 + 7938.378))
=
0.034101
/
0.031843
=
1.0709
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
=
(512.931 - 0
-
946.018)
/
18724.753
=
-0.023129
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.
Nihon Decoluxe Co has a M-score of -2.66 suggests that the company is unlikely to be a manipulator.
Nihon Decoluxe Co (NGO:7950) has a Beneish M-Score of -2.66 as of Aug. 22, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Nihon Decoluxe Co and its competitors. According to the industry distribution chart, Nihon Decoluxe Co ranks #178 out of 419 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 42.5%.
Is Nihon Decoluxe Co's Beneish M-Score too high?
Nihon Decoluxe Co's current Beneish M-Score is -2.66. Based on the distribution chart, Nihon Decoluxe Co ranks #178 out of 419 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Nihon Decoluxe Co has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nihon Decoluxe Co's Beneish M-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Nihon Decoluxe Co ranks #178 out of 419 companies for Beneish M-Score. This puts Nihon Decoluxe Co 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 Furnishings, Fixtures & Appliances company?
A good Beneish M-Score depends on the Furnishings, Fixtures & Appliances 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 Nihon Decoluxe Co and its competitors. Nihon Decoluxe Co's current Beneish M-Score is -2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Decoluxe Co stock overvalued right now?
Based on GuruFocus' analysis, Nihon Decoluxe Co (NGO:7950) is currently considered Modestly Overvalued. The stock's GF Value™ is 円8,401.02, compared to a current price of 円9,380.00 — trading 11.7% above its estimated fair value. The current Beneish M-Score is -2.66. Nihon Decoluxe Co's overall GF Score™ is 62/100 with 5 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 Nihon Decoluxe Co (NGO:7950), the current Beneish M-Score is -2.66 as of Aug. 22, 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 Nihon Decoluxe Co (NGO:7950) Overvalued in 2026?
Based on GuruFocus' analysis, Nihon Decoluxe Co stock appears to be overvalued.
The current stock price of 円9,380.00 is trading 11.7% above its estimated GF Value™ of 円8,401.02.
GuruFocus considers Nihon Decoluxe Co to be Modestly Overvalued.
Key valuation signals for NGO:7950:
Beneish M-Score: -2.66
GF Value™: 円8,401.02 vs. price of 円9,380.00 (11.7% above fair value)
No single metric tells the full story. See the NGO:7950 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nihon Decoluxe Co Ltd is engaged in offering decorative boards. It operates Decorative board business unit which covers melamine decorative boards, Living environment business unit, Electronic materials business unit, and a Chemical anchor business unit. The company has two reportable segments: Construction Materials Business and Real Estate Business. The Construction Materials Business manufactures and sells decorative panel products, products for the electronic parts industry, and chemical anchor products. Real Estate Business owns office buildings for lease and engages in real estate leasing.
62GF Score
Get the complete analysis for NGO:7950
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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