YASKAWA Electric (STU:YEC) Beneish M-Score: -2.51 (As of Jul. 19, 2026)

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STU:YEC YASKAWA Electric Corp STU:YEC
85 GF Score
Price €27.90
GF Value €5,055.51
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is YASKAWA Electric Beneish M-Score?

YASKAWA Electric STU:YEC -5.10% 85 Beneish M-Score is -2.51 as of Jul. 19, 2026. GuruFocus rates STU:YEC with a GF Score™ of 85/100 and a GF Value™ of €5,055.51 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,909 Industrial Products companies, YASKAWA Electric ranks better than 54.93% 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 -2.51 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

STU:YEC' s Beneish M-Score Range Over the Past 10 Years
Min: -3.36   Med: -2.44   Max: -1.78
Current: -2.51

During the past 13 years, the highest Beneish M-Score of YASKAWA Electric was -1.78. The lowest was -3.36. And the median was -2.44.


YASKAWA Electric Beneish M-Score Historical Data

* Premium members only.

The historical data trend for YASKAWA Electric'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.

YASKAWA Electric Beneish M-Score Chart

YASKAWA Electric Annual Data
Trend Mar16 Mar17 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.51 -1.95 -2.44 -2.44 -2.51

YASKAWA Electric Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 -2.37 -2.16 -2.25 -2.51 -2.51

STU:YEC vs VRT, BE: Beneish M-Score Comparison

For the Electrical Equipment & Parts subindustry, YASKAWA Electric'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.


YASKAWA Electric Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, YASKAWA Electric's Beneish M-Score distribution charts can be found below:

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


STU:YEC
85GF Score
YASKAWA Electric Corp STU:YEC
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

YASKAWA Electric 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 YASKAWA Electric 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 * 0.9318+0.528 * 1.0196+0.404 * 1.1341+0.892 * 0.9387+0.115 * 1.1759
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0072+4.679 * -0.029024-0.327 * 0.9155
=-2.62

* 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 (May26) TTM:Last Year (May25) TTM:
Total Receivables was €927 Mil.
Revenue was 752.237 + 801.237 + 752.88 + 783.714 = €3,090 Mil.
Gross Profit was 259.133 + 285.384 + 256.705 + 280.925 = €1,082 Mil.
Total Current Assets was €2,510 Mil.
Total Assets was €4,463 Mil.
Property, Plant and Equipment(Net PPE) was €1,050 Mil.
Depreciation, Depletion and Amortization(DDA) was €123 Mil.
Selling, General, & Admin. Expense(SGA) was €829 Mil.
Total Current Liabilities was €1,114 Mil.
Long-Term Debt & Capital Lease Obligation was €391 Mil.
Net Income was 29.471 + 52.887 + 40.685 + 65.789 = €189 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = €0 Mil.
Cash Flow from Operations was 115.621 + 112.662 + 87.598 + 2.481 = €318 Mil.
Total Receivables was €1,059 Mil.
Revenue was 769.239 + 912 + 809.649 + 800.96 = €3,292 Mil.
Gross Profit was 273.325 + 332.066 + 281.026 + 288.984 = €1,175 Mil.
Total Current Assets was €2,852 Mil.
Total Assets was €4,584 Mil.
Property, Plant and Equipment(Net PPE) was €914 Mil.
Depreciation, Depletion and Amortization(DDA) was €129 Mil.
Selling, General, & Admin. Expense(SGA) was €876 Mil.
Total Current Liabilities was €1,274 Mil.
Long-Term Debt & Capital Lease Obligation was €415 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)
=(926.682 / 3090.068) / (1059.499 / 3291.848)
=0.29989 / 0.321855
=0.9318

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)
=(1175.401 / 3291.848) / (1082.147 / 3090.068)
=0.357064 / 0.350202
=1.0196

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 - (2510.276 + 1049.577) / 4462.888) / (1 - (2852.274 + 913.619) / 4583.672)
=0.202343 / 0.178411
=1.1341

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
=3090.068 / 3291.848
=0.9387

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))
=(128.761 / (128.761 + 913.619)) / (123.197 / (123.197 + 1049.577))
=0.123526 / 0.105048
=1.1759

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)
=(828.679 / 3090.068) / (876.44 / 3291.848)
=0.268175 / 0.266246
=1.0072

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)
=((391.42 + 1114.018) / 4462.888) / ((414.595 + 1274.288) / 4583.672)
=0.337324 / 0.368456
=0.9155

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
=(188.832 - 0 - 318.362) / 4462.888
=-0.029024

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.

YASKAWA Electric has a M-score of -2.62 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 -2.51 mean?
YASKAWA Electric (STU:YEC) has a Beneish M-Score of -2.51 as of Jul. 19, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on YASKAWA Electric and its competitors. According to the industry distribution chart, YASKAWA Electric ranks #1311 out of 2909 companies in the Industrial Products industry, placing it in the top 45.1%.
Is YASKAWA Electric's Beneish M-Score too high?
YASKAWA Electric's current Beneish M-Score is -2.51. Based on the distribution chart, YASKAWA Electric ranks #1311 out of 2909 companies in the Industrial Products industry, which is above the industry midpoint. Overall, YASKAWA Electric has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does YASKAWA Electric's Beneish M-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, YASKAWA Electric ranks #1311 out of 2909 companies for Beneish M-Score. This puts YASKAWA Electric in the upper 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 YASKAWA Electric and its competitors. YASKAWA Electric's current Beneish M-Score is -2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is YASKAWA Electric stock overvalued right now?
Based on GuruFocus' analysis, YASKAWA Electric (STU:YEC) is currently considered Significantly Undervalued. The stock's GF Value™ is €5,055.51, compared to a current price of €27.90 — trading 99.4% below its estimated fair value. The current Beneish M-Score is -2.51. YASKAWA Electric's overall GF Score™ is 85/100 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 YASKAWA Electric (STU:YEC), the current Beneish M-Score is -2.51 as of Jul. 19, 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 YASKAWA Electric (STU:YEC) Overvalued in 2026?

Based on GuruFocus' analysis, YASKAWA Electric stock appears to be undervalued. The current stock price of €27.90 is trading 99.4% below its estimated GF Value™ of €5,055.51. GuruFocus considers YASKAWA Electric to be Significantly Undervalued.

Key valuation signals for STU:YEC:

  • Beneish M-Score: -2.51
  • GF Value™: €5,055.51 vs. price of €27.90 (99.4% below fair value)
  • GF Score™: 85/100 with 4 warning signs

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


YASKAWA Electric Business Description

Address 2-1 Kurosakijoishi, Yahata-nishi Ward, Fukuoka Prefecture, Kitakyushu, JPN, 806-0004
Yaskawa Electric manufactures and sells servo motors, AC drives (inverters), industrial robots, and other motor-based products. It operates mainly in Asia, the Americas, and Europe, the Middle East, and Africa. According to the company, it has the leading global share with AC servo motors/controllers, its cumulative AC servo motor shipments reached 20 million units in 2020, and it is also considered as one of the big four industrial robotics companies. Founded in 1915, and headquartered in Kitakyushu, Fukuoka Prefecture, Japan, Yaskawa continues to evolve its offering toward higher-value, software-integrated automation systems to support long-term growth.
85GF Score

Get the complete analysis for STU:YEC

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

€27.90
Price
€5,055.51
GF Value