The 77 Bank (SSE:8341) Beneish M-Score: -2.01 (As of Jun. 26, 2026)


SSE:8341 The 77 Bank Ltd SSE:8341
58 GF Score
Price 円1,230.00
GF Value 円740.81
! 5 Warning Signs
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What is The 77 Bank Beneish M-Score?

The 77 Bank SSE:8341 58 Beneish M-Score is -2.01 as of Jun. 26, 2026. GuruFocus rates SSE:8341 with a GF Score™ of 58/100 and a GF Value™ of 円740.81. The stock has 5 warning signs investors should review. Among 1,397 Banks companies, The 77 Bank ranks worse than 90.91% 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.

Good Sign:

Beneish M-Score -2.01 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for The 77 Bank's Beneish M-Score or its related term are showing as below:

SSE:8341' s Beneish M-Score Range Over the Past 10 Years
Min: -16.09   Med: -2.34   Max: -1.98
Current: -2.01

During the past 13 years, the highest Beneish M-Score of The 77 Bank was -1.98. The lowest was -16.09. And the median was -2.34.

SSE:8341
58GF Score
The 77 Bank Ltd SSE:8341
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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The 77 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 The 77 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 * 1.0001+0.892 * 1.1771+0.115 * 0.9338
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8954+4.679 * 0.048752-0.327 * 0.7821
=-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 円0 Mil.
Revenue was 円184,831 Mil.
Gross Profit was 円184,831 Mil.
Total Current Assets was 円0 Mil.
Total Assets was 円10,432,807 Mil.
Property, Plant and Equipment(Net PPE) was 円29,084 Mil.
Depreciation, Depletion and Amortization(DDA) was 円2,947 Mil.
Selling, General, & Admin. Expense(SGA) was 円55,360 Mil.
Total Current Liabilities was 円0 Mil.
Long-Term Debt & Capital Lease Obligation was 円557,618 Mil.
Net Income was 円54,007 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円-454,616 Mil.
 Total Receivables was 円0 Mil.
Revenue was 円157,017 Mil.
Gross Profit was 円157,017 Mil.
Total Current Assets was 円0 Mil.
Total Assets was 円10,422,756 Mil.
Property, Plant and Equipment(Net PPE) was 円30,356 Mil.
Depreciation, Depletion and Amortization(DDA) was 円2,853 Mil.
Selling, General, & Admin. Expense(SGA) was 円52,524 Mil.
Total Current Liabilities was 円0 Mil.
Long-Term Debt & Capital Lease Obligation was 円712,325 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 / 184831) / (0 / 157017)
=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)
=(157017 / 157017) / (184831 / 184831)
=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 + 29084) / 10432807) / (1 - (0 + 30356) / 10422756)
=0.997212 / 0.997088
=1.0001

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
=184831 / 157017
=1.1771

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))
=(2853 / (2853 + 30356)) / (2947 / (2947 + 29084))
=0.08591 / 0.092005
=0.9338

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)
=(55360 / 184831) / (52524 / 157017)
=0.299517 / 0.334512
=0.8954

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)
=((557618 + 0) / 10432807) / ((712325 + 0) / 10422756)
=0.053449 / 0.068343
=0.7821

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
=(54007 - 0 - -454616) / 10432807
=0.048752

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.

The 77 Bank 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 -2.01 mean?
The 77 Bank (SSE:8341) has a Beneish M-Score of -2.01 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on The 77 Bank and its competitors. According to the industry distribution chart, The 77 Bank ranks #1270 out of 1397 companies in the Banks industry, placing it in the top 90.9%.
Is The 77 Bank's Beneish M-Score too high?
The 77 Bank's current Beneish M-Score is -2.01. Based on the distribution chart, The 77 Bank ranks #1270 out of 1397 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, The 77 Bank has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does The 77 Bank's Beneish M-Score compare to competitors?
According to the Banks industry distribution chart, The 77 Bank ranks #1270 out of 1397 companies for Beneish M-Score. This places The 77 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 The 77 Bank and its competitors. The 77 Bank's current Beneish M-Score is -2.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The 77 Bank stock overvalued right now?
The 77 Bank (SSE:8341) has a current Beneish M-Score of -2.01. The stock's GF Value™ is 円740.81, compared to a current price of 円1,230.00 — trading 66% above its estimated fair value. The current Beneish M-Score is -2.01. The 77 Bank's overall GF Score™ is 58/100 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 The 77 Bank (SSE:8341), the current Beneish M-Score is -2.01 as of Jun. 26, 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 The 77 Bank (SSE:8341) Overvalued in 2026?

Based on GuruFocus' analysis, The 77 Bank stock appears to be overvalued. The current stock price of 円1,230.00 is trading 66% above its estimated GF Value™ of 円740.81.

Key valuation signals for SSE:8341:

  • Beneish M-Score: -2.01
  • GF Value™: 円740.81 vs. price of 円1,230.00 (66% above fair value)
  • GF Score™: 58/100 with 5 warning signs

No single metric tells the full story. See the SSE:8341 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

The 77 Bank Business Description

Other Exchanges 8341:Japan
Address 3-20, Chuo 3-chome, Aoba-ku, Miyagi, Sendai, JPN, 980-8777
The 77 Bank Ltd is a Japan-based company mainly engaged in banking, leasing, and other financial services. Its Banking Business includes deposits, lending, securities trading and investment, domestic and foreign exchange, corporate bond trust, and agency operations, as well as sales of government bonds, investment trusts, and insurance products. The Leasing Business focuses on financial-related leasing, while other operations include credit guarantee, credit card, financial product transactions, research and consulting, electronic computing services, fund management, and investment activities.
58GF Score

Get the complete analysis for SSE:8341

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

円1,230.00
Price
円740.81
GF Value