SKCBY (Shinkin Central Bank) Beneish M-Score: -1.75 (As of Jun. 25, 2026)


SKCBY Shinkin Central Bank SKCBY
54 GF Score
Price $7.06
GF Value $6.55
! 4 Warning Signs
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What is Shinkin Central Bank Beneish M-Score?

Shinkin Central Bank SKCBY 54 Beneish M-Score is -1.75 as of Jun. 25, 2026. GuruFocus rates SKCBY with a GF Score™ of 54/100 and a GF Value™ of $6.55. The stock has 4 warning signs investors should review. Among 1,396 Banks companies, Shinkin Central Bank ranks worse than 94.48% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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.

Warning Sign:

Beneish M-Score -1.75 higher than -1.78, which implies that the company might have manipulated its financial results.

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

SKCBY' s Beneish M-Score Range Over the Past 10 Years
Min: -3.02   Med: -2.61   Max: -1.75
Current: -1.75

During the past 13 years, the highest Beneish M-Score of Shinkin Central Bank was -1.75. The lowest was -3.02. And the median was -2.61.

SKCBY
54GF Score
Shinkin Central Bank SKCBY
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Shinkin Central Bank 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 Shinkin Central Bank 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+0.528 * 1+0.404 * 0.9999+0.892 * 1.1577+0.115 * 0.97
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8542+4.679 * 0.113344-0.327 * 1.0832
=-1.81

* 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 $0 Mil.
Revenue was $1,137 Mil.
Gross Profit was $1,137 Mil.
Total Current Assets was $0 Mil.
Total Assets was $295,347 Mil.
Property, Plant and Equipment(Net PPE) was $489 Mil.
Depreciation, Depletion and Amortization(DDA) was $73 Mil.
Selling, General, & Admin. Expense(SGA) was $400 Mil.
Total Current Liabilities was $0 Mil.
Long-Term Debt & Capital Lease Obligation was $52,374 Mil.
Net Income was $271 Mil.
Gross Profit was $0 Mil.
Cash Flow from Operations was $-33,205 Mil.
 Total Receivables was $0 Mil.
Revenue was $982 Mil.
Gross Profit was $982 Mil.
Total Current Assets was $0 Mil.
Total Assets was $323,626 Mil.
Property, Plant and Equipment(Net PPE) was $513 Mil.
Depreciation, Depletion and Amortization(DDA) was $73 Mil.
Selling, General, & Admin. Expense(SGA) was $405 Mil.
Total Current Liabilities was $0 Mil.
Long-Term Debt & Capital Lease Obligation was $52,979 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)
=(0 / 1137.244) / (0 / 982.318)
=0 / 0
=1

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)
=(982.318 / 982.318) / (1137.244 / 1137.244)
=1 / 1
=1

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 - (0 + 489.379) / 295347.187) / (1 - (0 + 513.11) / 323625.82)
=0.998343 / 0.998414
=0.9999

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
=1137.244 / 982.318
=1.1577

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))
=(73.448 / (73.448 + 513.11)) / (72.535 / (72.535 + 489.379))
=0.125219 / 0.129086
=0.97

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)
=(400.491 / 1137.244) / (404.971 / 982.318)
=0.352159 / 0.412261
=0.8542

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)
=((52374.115 + 0) / 295347.187) / ((52979.224 + 0) / 323625.82)
=0.177331 / 0.163705
=1.0832

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
=(271.019 - 0 - -33204.716) / 295347.187
=0.113344

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.

Shinkin Central Bank has a M-score of -1.81 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 -1.75 mean?
Shinkin Central Bank (SKCBY) has a Beneish M-Score of -1.75 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Shinkin Central Bank and its competitors. According to the industry distribution chart, Shinkin Central Bank ranks #1319 out of 1396 companies in the Banks industry, placing it in the top 94.5%.
Is Shinkin Central Bank's Beneish M-Score too high?
Shinkin Central Bank's current Beneish M-Score is -1.75. Based on the distribution chart, Shinkin Central Bank ranks #1319 out of 1396 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Shinkin Central Bank has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Shinkin Central Bank's Beneish M-Score compare to competitors?
According to the Banks industry distribution chart, Shinkin Central Bank ranks #1319 out of 1396 companies for Beneish M-Score. This places Shinkin Central Bank 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Shinkin Central Bank and its competitors. Shinkin Central Bank's current Beneish M-Score is -1.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinkin Central Bank stock overvalued right now?
Shinkin Central Bank (SKCBY) has a current Beneish M-Score of -1.75. The stock's GF Value™ is $6.55, compared to a current price of $7.06 — trading 7.8% above its estimated fair value. The current Beneish M-Score is -1.75. Shinkin Central Bank's overall GF Score™ is 54/100 with 4 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 Shinkin Central Bank (SKCBY), the current Beneish M-Score is -1.75 as of Jun. 25, 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 Shinkin Central Bank (SKCBY) Overvalued in 2026?

Based on GuruFocus' analysis, Shinkin Central Bank stock appears to be overvalued. The current stock price of $7.06 is trading 7.8% above its estimated GF Value™ of $6.55.

Key valuation signals for SKCBY:

  • Beneish M-Score: -1.75
  • GF Value™: $6.55 vs. price of $7.06 (7.8% above fair value)
  • GF Score™: 54/100 with 4 warning signs

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

Shinkin Central Bank Business Description

Other Exchanges 8421:Japan
Address 3-7, Yaesu 1-chome, Chuo-ku, Tokyo, JPN, 103-0028
Shinkin Central Bank provides various financial products and services, including deposit, bond, financing, market operation, securities, and settlement, as well as business support and function supplement for cooperative banks. It uses the funds deposited from Shinkin banks throughout Japan to invest in marketable securities in the financial markets in Japan and overseas. It provides loans to operating companies.
54GF Score

Get the complete analysis for SKCBY

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

$7.06
Price
$6.55
GF Value