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Relo GroupRELOF 76 Beneish M-Score is -2.38 as of Jul. 14, 2026. GuruFocus rates RELOF with a GF Score™ of 76/100 and a GF Value™ of $10.97. The stock has 3 warning signs investors should review. Among 1,020 Business Services companies, Relo Group ranks worse than 63.73% 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 -2.38 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Relo Group's Beneish M-Score or its related term are showing as below:
RELOF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.38 Med: -2.1 Max: -0.96
Current: -2.38
During the past 13 years, the highest Beneish M-Score of Relo Group was -0.96. The lowest was -3.38. And the median was -2.10.
Relo Group Beneish M-Score Related Terms
Relo Group Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Relo 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.
RELOF vs CTAS, CPRT, ULS: Beneish M-Score Comparison
For the Specialty Business Services subindustry, Relo 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.
Relo Group Beneish M-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Relo Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Relo Group'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 Relo 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 * 1.016
+
0.528 * 0.9973
+
0.404 * 0.996
+
0.892 * 1.0492
+
0.115 * 0.9363
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0147
+
4.679 * -0.007195
-
0.327 * 0.9554
=
-2.45
* 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))
=
(115.101 / (115.101 + 349.523))
/
(123.368 / (123.368 + 342.917))
=
0.247729
/
0.264576
=
0.9363
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
=
(136.113 - 0
-
150.816)
/
2043.625
=
-0.007195
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.
Relo Group has a M-score of -2.45 suggests that the company is unlikely to be a manipulator.
Relo Group (RELOF) has a Beneish M-Score of -2.38 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Relo Group and its competitors. According to the industry distribution chart, Relo Group ranks #650 out of 1020 companies in the Business Services industry, placing it in the top 63.7%.
Is Relo Group's Beneish M-Score too high?
Relo Group's current Beneish M-Score is -2.38. Based on the distribution chart, Relo Group ranks #650 out of 1020 companies in the Business Services industry, which is below the industry midpoint. Overall, Relo Group has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Relo Group's Beneish M-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Relo Group ranks #650 out of 1020 companies for Beneish M-Score. This places Relo 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 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 Relo Group and its competitors. Relo Group's current Beneish M-Score is -2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Relo Group stock overvalued right now?
Relo Group (RELOF) has a current Beneish M-Score of -2.38. The stock's GF Value™ is $10.97, compared to a current price of $11.84 — trading 7.9% above its estimated fair value. The current Beneish M-Score is -2.38. Relo Group's overall GF Score™ is 76/100 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 Relo Group (RELOF), the current Beneish M-Score is -2.38 as of Jul. 14, 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 Relo Group (RELOF) Overvalued in 2026?
Based on GuruFocus' analysis, Relo Group stock appears to be overvalued.
The current stock price of $11.84 is trading 7.9% above its estimated GF Value™ of $10.97.
Key valuation signals for RELOF:
Beneish M-Score: -2.38
GF Value™: $10.97 vs. price of $11.84 (7.9% above fair value)
No single metric tells the full story. See the RELOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Relo Group Inc is a Japan-based company engaged in providing corporate fringe benefit management outsourcing service. It provides comprehensive support for fringe benefit programs, ranging from housing to leisure and lifestyle improvement. The company manages over 100,000 housing unit's companies rent and provides to their employees, and offers 200,000 kinds of benefits to help employees have fun and improve their well-being. It also operates a rental real estate management business all across Japan. The company operates as an agent that helps to run hotels and attract guests. In addition to hotels, it also provides an insurance consulting business.
76GF Score
Get the complete analysis for RELOF
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