SFTBY (SoftBank Group) Beneish M-Score: -1.97 (As of Jun. 24, 2026)


SFTBY SoftBank Group Corp SFTBY
70 GF Score
Price $20.08
GF Value $8.79
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is SoftBank Group Beneish M-Score?

SoftBank Group SFTBY -1.33% 70 Beneish M-Score is -1.97 as of Jun. 24, 2026. GuruFocus rates SFTBY with a GF Score™ of 70/100 and a GF Value™ of $8.79 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 355 Telecommunication Services companies, SoftBank Group ranks worse than 89.01% 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 -1.97 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

SFTBY' s Beneish M-Score Range Over the Past 10 Years
Min: -3.14   Med: -2.37   Max: -1.69
Current: -1.97

During the past 13 years, the highest Beneish M-Score of SoftBank Group was -1.69. The lowest was -3.14. And the median was -2.37.


SoftBank Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for SoftBank 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.

SoftBank Group Beneish M-Score Chart

SoftBank Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.88 -2.59 -2.46 -2.28 -1.97

SoftBank 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 -2.28 0.00 -2.00 -2.09 -1.97

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

For the Telecom Services subindustry, SoftBank 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.


SoftBank Group Beneish M-Score vs Telecommunication Services Industry

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

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


SFTBY
70GF Score
SoftBank Group Corp SFTBY
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SoftBank 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 SoftBank 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 * 0.9652+0.528 * 1.0054+0.404 * 1.0354+0.892 * 1.0685+0.115 * 1.0463
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.2273+4.679 * 0.093427-0.327 * 0.9525
=-2.01

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $20,813 Mil.
Revenue was 13104.157 + 12714.646 + 12961.345 + 12598.954 = $51,379 Mil.
Gross Profit was 6497.406 + 6573.325 + 6800.759 + 6607.35 = $26,479 Mil.
Total Current Assets was $74,461 Mil.
Total Assets was $382,837 Mil.
Property, Plant and Equipment(Net PPE) was $27,528 Mil.
Depreciation, Depletion and Amortization(DDA) was $6,052 Mil.
Selling, General, & Admin. Expense(SGA) was $26,311 Mil.
Total Current Liabilities was $92,316 Mil.
Long-Term Debt & Capital Lease Obligation was $116,030 Mil.
Net Income was 11530.041 + 1594.375 + 16922.751 + 2919.496 = $32,967 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0 Mil.
Cash Flow from Operations was -1952.664 + 5.926 + 1019.133 + -1872.837 = $-2,800 Mil.
Total Receivables was $20,181 Mil.
Revenue was 13022.992 + 11914.718 + 12368.839 + 10780.103 = $48,087 Mil.
Gross Profit was 6501.936 + 6071.581 + 6509.248 + 5831.883 = $24,915 Mil.
Total Current Assets was $63,284 Mil.
Total Assets was $301,989 Mil.
Property, Plant and Equipment(Net PPE) was $24,743 Mil.
Depreciation, Depletion and Amortization(DDA) was $5,750 Mil.
Selling, General, & Admin. Expense(SGA) was $20,065 Mil.
Total Current Liabilities was $83,433 Mil.
Long-Term Debt & Capital Lease Obligation was $89,118 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)
=(20812.741 / 51379.102) / (20181.084 / 48086.652)
=0.405082 / 0.419682
=0.9652

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)
=(24914.648 / 48086.652) / (26478.84 / 51379.102)
=0.51812 / 0.515362
=1.0054

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 - (74460.549 + 27527.708) / 382836.61) / (1 - (63283.71 + 24743.093) / 301989.003)
=0.733598 / 0.70851
=1.0354

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
=51379.102 / 48086.652
=1.0685

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))
=(5749.753 / (5749.753 + 24743.093)) / (6051.582 / (6051.582 + 27527.708))
=0.188561 / 0.180218
=1.0463

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)
=(26311.089 / 51379.102) / (20064.848 / 48086.652)
=0.512097 / 0.417264
=1.2273

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)
=((116029.889 + 92315.558) / 382836.61) / ((89117.911 + 83432.948) / 301989.003)
=0.544215 / 0.571381
=0.9525

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
=(32966.663 - 0 - -2800.442) / 382836.61
=0.093427

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.

SoftBank Group has a M-score of -2.01 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 -1.97 mean?
SoftBank Group (SFTBY) has a Beneish M-Score of -1.97 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on SoftBank Group and its competitors. According to the industry distribution chart, SoftBank Group ranks #316 out of 355 companies in the Telecommunication Services industry, placing it in the top 89%.
Is SoftBank Group's Beneish M-Score too high?
SoftBank Group's current Beneish M-Score is -1.97. Based on the distribution chart, SoftBank Group ranks #316 out of 355 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, SoftBank Group has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SoftBank Group's Beneish M-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, SoftBank Group ranks #316 out of 355 companies for Beneish M-Score. This places SoftBank 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 SoftBank Group and its competitors. SoftBank Group's current Beneish M-Score is -1.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SoftBank Group stock overvalued right now?
Based on GuruFocus' analysis, SoftBank Group (SFTBY) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.79, compared to a current price of $20.08 — trading 128.4% above its estimated fair value. The current Beneish M-Score is -1.97. SoftBank Group's overall GF Score™ is 70/100 with 8 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 SoftBank Group (SFTBY), the current Beneish M-Score is -1.97 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 SoftBank Group (SFTBY) Overvalued in 2026?

Based on GuruFocus' analysis, SoftBank Group stock appears to be overvalued. The current stock price of $20.08 is trading 128.4% above its estimated GF Value™ of $8.79. GuruFocus considers SoftBank Group to be Significantly Overvalued.

Key valuation signals for SFTBY:

  • Beneish M-Score: -1.97
  • GF Value™: $8.79 vs. price of $20.08 (128.4% above fair value)
  • GF Score™: 70/100 with 8 warning signs

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


SoftBank Group Business Description

Address Kaigan 1-7-1, Minato-ku, Tokyo, JPN, 105-7537
SoftBank is a Japan-based telecom and e-commerce conglomerate that has expanded mainly through acquisitions, and its key assets include a 40%-owned mobile and fixed broadband telecom operator business in Japan. It also owns 90% of semiconductor chip designer Arm Holdings following the 2023 IPO of this business, and has a vast portfolio of mainly internet- and e-commerce-focused early-stage investments. It is also a general partner of the USD 100 billion SoftBank Vision Fund 1 and sole investor in SoftBank Vision Fund 2, both of which primarily invest in pre-IPO internet and AI companies. Recently, it has begun investing in OpenAI.
70GF Score

Get the complete analysis for SFTBY

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

$20.08
Price
$8.79
GF Value