Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Sakae HoldingsSGX:5DO Beneish M-Score is -2.75 as of Jul. 28, 2026. The stock has 4 warning signs investors should review. Among 357 Restaurants companies, Sakae Holdings ranks worse than 51.54% 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 -2.75 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Sakae Holdings's Beneish M-Score or its related term are showing as below:
SGX:5DO'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.9 Med: -2.72 Max: -0.6
Current: -2.75
During the past 13 years, the highest Beneish M-Score of Sakae Holdings was -0.60. The lowest was -3.90. And the median was -2.72.
Sakae Holdings Beneish M-Score Related Terms
Sakae Holdings Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Sakae 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.
SGX:5DO vs MCD, SBUX, YUM: Beneish M-Score Comparison
For the Restaurants subindustry, Sakae 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.
Sakae Holdings Beneish M-Score vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Sakae Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Sakae Holdings'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 Sakae 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 * 1.166
+
0.528 * 1.0339
+
0.404 * 0.7854
+
0.892 * 0.8528
+
0.115 * 0.9995
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1096
+
4.679 * -0.039721
-
0.327 * 1.0584
=
-2.75
* 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))
=
(4.431 / (4.431 + 102.697))
/
(4.408 / (4.408 + 102.113))
=
0.041362
/
0.041382
=
0.9995
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
=
(-4.027 - 0
-
0.188)
/
106.114
=
-0.039721
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.
Sakae Holdings has a M-score of -2.75 suggests that the company is unlikely to be a manipulator.
Sakae Holdings (SGX:5DO) has a Beneish M-Score of -2.75 as of Jul. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sakae Holdings and its competitors. According to the industry distribution chart, Sakae Holdings ranks #184 out of 357 companies in the Restaurants industry, placing it in the top 51.5%.
Is Sakae Holdings' Beneish M-Score too high?
Sakae Holdings' current Beneish M-Score is -2.75. Based on the distribution chart, Sakae Holdings ranks #184 out of 357 companies in the Restaurants industry, which is below the industry midpoint.
How does Sakae Holdings' Beneish M-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Sakae Holdings ranks #184 out of 357 companies for Beneish M-Score. This places Sakae Holdings 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 Restaurants company?
A good Beneish M-Score depends on the Restaurants 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 Sakae Holdings and its competitors. Sakae Holdings's current Beneish M-Score is -2.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sakae Holdings stock overvalued right now?
Based on GuruFocus' analysis, Sakae Holdings (SGX:5DO) is currently considered Fairly Valued. The stock's GF Value™ is S$0.08, compared to a current price of S$0.09 — trading 8.7% above its estimated fair value. The current Beneish M-Score is -2.75. 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 Sakae Holdings (SGX:5DO), the current Beneish M-Score is -2.75 as of Jul. 28, 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.
Sakae Holdings Ltd is engaged in the business of operating restaurants, kiosks, and cafes. It is also engaged in trading, food processing, and operating as a caterer and event organiser. It has three reportable segments, including Sakae Sushi, Hei Sushi, and Other products and services. Maximum revenue is derived from the Hei Sushi segment, which is the main brand in offering halal food and beverages to retail customers from the general public. Sakae Sushi is the main brand offering food and beverages to retail customers from the general public, and the Other products and services segment includes its other brands and services, such as Sakae Teppanyaki, Sakae Delivery, Senjyu, Nouvelle Events, and others. Geographically, it derives key revenue from Singapore and the rest from Malaysia.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SGX:5DO has been successfully added to your 
