SUTNY (Sumitomo Mitsui Trust Group) Beneish M-Score: -2.49 (As of Jun. 27, 2026)


SUTNY Sumitomo Mitsui Trust Group Inc SUTNY
67 GF Score
Price $7.40
GF Value $4.92
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Sumitomo Mitsui Trust Group Beneish M-Score?

Sumitomo Mitsui Trust Group SUTNY +1.37% 67 Beneish M-Score is -2.49 as of Jun. 27, 2026. GuruFocus rates SUTNY with a GF Score™ of 67/100 and a GF Value™ of $4.92 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,397 Banks companies, Sumitomo Mitsui Trust Group ranks better than 68.07% 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 -2.49 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

SUTNY' s Beneish M-Score Range Over the Past 10 Years
Min: -2.92   Med: -2.58   Max: -2.23
Current: -2.49

During the past 13 years, the highest Beneish M-Score of Sumitomo Mitsui Trust Group was -2.23. The lowest was -2.92. And the median was -2.58.

SUTNY
67GF Score
Sumitomo Mitsui Trust Group Inc SUTNY
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Sumitomo Mitsui Trust 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 Sumitomo Mitsui Trust 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 * 1+0.528 * 1+0.404 * 1.0001+0.892 * 0.9628+0.115 * 0.937
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0527+4.679 * -0.010987-0.327 * 0.8882
=-2.54

* 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 $9,781 Mil.
Gross Profit was $9,781 Mil.
Total Current Assets was $0 Mil.
Total Assets was $517,853 Mil.
Property, Plant and Equipment(Net PPE) was $1,381 Mil.
Depreciation, Depletion and Amortization(DDA) was $341 Mil.
Selling, General, & Admin. Expense(SGA) was $3,609 Mil.
Total Current Liabilities was $0 Mil.
Long-Term Debt & Capital Lease Obligation was $114,200 Mil.
Net Income was $2,001 Mil.
Gross Profit was $0 Mil.
Cash Flow from Operations was $7,691 Mil.
 Total Receivables was $0 Mil.
Revenue was $10,158 Mil.
Gross Profit was $10,158 Mil.
Total Current Assets was $0 Mil.
Total Assets was $524,945 Mil.
Property, Plant and Equipment(Net PPE) was $1,465 Mil.
Depreciation, Depletion and Amortization(DDA) was $334 Mil.
Selling, General, & Admin. Expense(SGA) was $3,561 Mil.
Total Current Liabilities was $0 Mil.
Long-Term Debt & Capital Lease Obligation was $130,328 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 / 9780.669) / (0 / 10158.375)
=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)
=(10158.375 / 10158.375) / (9780.669 / 9780.669)
=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 + 1381.146) / 517852.797) / (1 - (0 + 1465.42) / 524945.404)
=0.997333 / 0.997208
=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
=9780.669 / 10158.375
=0.9628

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))
=(333.596 / (333.596 + 1465.42)) / (340.749 / (340.749 + 1381.146))
=0.185432 / 0.197892
=0.937

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)
=(3608.78 / 9780.669) / (3560.597 / 10158.375)
=0.368971 / 0.350509
=1.0527

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)
=((114199.639 + 0) / 517852.797) / ((130328.276 + 0) / 524945.404)
=0.220525 / 0.24827
=0.8882

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
=(2001.264 - 0 - 7690.662) / 517852.797
=-0.010987

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.

Sumitomo Mitsui Trust Group has a M-score of -2.54 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 -2.49 mean?
Sumitomo Mitsui Trust Group (SUTNY) has a Beneish M-Score of -2.49 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sumitomo Mitsui Trust Group and its competitors. According to the industry distribution chart, Sumitomo Mitsui Trust Group ranks #446 out of 1397 companies in the Banks industry, placing it in the top 31.9%.
Is Sumitomo Mitsui Trust Group's Beneish M-Score too high?
Sumitomo Mitsui Trust Group's current Beneish M-Score is -2.49. Based on the distribution chart, Sumitomo Mitsui Trust Group ranks #446 out of 1397 companies in the Banks industry, which is above the industry midpoint. Overall, Sumitomo Mitsui Trust Group has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sumitomo Mitsui Trust Group's Beneish M-Score compare to competitors?
According to the Banks industry distribution chart, Sumitomo Mitsui Trust Group ranks #446 out of 1397 companies for Beneish M-Score. This puts Sumitomo Mitsui Trust Group 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 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 Sumitomo Mitsui Trust Group and its competitors. Sumitomo Mitsui Trust Group's current Beneish M-Score is -2.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sumitomo Mitsui Trust Group stock overvalued right now?
Based on GuruFocus' analysis, Sumitomo Mitsui Trust Group (SUTNY) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.92, compared to a current price of $7.40 — trading 50.4% above its estimated fair value. The current Beneish M-Score is -2.49. Sumitomo Mitsui Trust Group's overall GF Score™ is 67/100 with 6 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 Sumitomo Mitsui Trust Group (SUTNY), the current Beneish M-Score is -2.49 as of Jun. 27, 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 Sumitomo Mitsui Trust Group (SUTNY) Overvalued in 2026?

Based on GuruFocus' analysis, Sumitomo Mitsui Trust Group stock appears to be overvalued. The current stock price of $7.40 is trading 50.4% above its estimated GF Value™ of $4.92. GuruFocus considers Sumitomo Mitsui Trust Group to be Significantly Overvalued.

Key valuation signals for SUTNY:

  • Beneish M-Score: -2.49
  • GF Value™: $4.92 vs. price of $7.40 (50.4% above fair value)
  • GF Score™: 67/100 with 6 warning signs

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

Sumitomo Mitsui Trust Group Business Description

Address 1-4-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8233
Sumitomo Mitsui Trust Group is the fifth-largest Japanese bank by assets and revenue. It is the only remaining stand-alone trust bank after the late 1990s deregulation removed legal barriers between commercial banking and trust functions in Japan; its former rivals in trust banking merged and became units of Mitsubishi UFJ FG and Mizuho. It has no capital ties with Sumitomo Mitsui FG, despite the similar name and common ties to Sumitomo and Mitsui group companies. In fiduciary services, SMTG is the market leader in Japan in total assets under custody. It is the largest manager of corporate pension funds and trails only Nomura in investment trusts.
67GF Score

Get the complete analysis for SUTNY

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

$7.40
Price
$4.92
GF Value