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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 -3.24 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Toridoll Holdings's Beneish M-Score or its related term are showing as below:
TORLF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.42 Med: -2.83 Max: -2.14
Current: -3.24
During the past 13 years, the highest Beneish M-Score of Toridoll Holdings was -2.14. The lowest was -3.42. And the median was -2.83.
Toridoll Holdings Beneish M-Score Related Terms
Toridoll Holdings Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Toridoll 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.
TORLF vs MCD, SBUX, YUM: Beneish M-Score Comparison
For the Restaurants subindustry, Toridoll 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.
Toridoll Holdings Beneish M-Score vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Toridoll Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Toridoll 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 Toridoll 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 * 0.8627
+
0.528 * 1.006
+
0.404 * 0.9515
+
0.892 * 1.0339
+
0.115 * 0.9963
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9801
+
4.679 * -0.158229
-
0.327 * 0.9998
=
-3.33
* 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))
=
(208.296 / (208.296 + 938.979))
/
(203.25 / (203.25 + 912.091))
=
0.181557
/
0.182231
=
0.9963
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
=
(18.311 - 0
-
326.5)
/
1947.736
=
-0.158229
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.
Toridoll Holdings has a M-score of -3.33 suggests that the company is unlikely to be a manipulator.
Toridoll Holdings (TORLF) has a Beneish M-Score of -3.24 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Toridoll Holdings and its competitors. According to the industry distribution chart, Toridoll Holdings ranks #73 out of 355 companies in the Restaurants industry, placing it in the top 20.6%.
Is Toridoll Holdings' Beneish M-Score too high?
Toridoll Holdings' current Beneish M-Score is -3.24. Based on the distribution chart, Toridoll Holdings ranks #73 out of 355 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Toridoll Holdings has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Toridoll Holdings' Beneish M-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Toridoll Holdings ranks #73 out of 355 companies for Beneish M-Score. This places Toridoll Holdings in the top 21% of its industry — outperforming the majority of peers. 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 Toridoll Holdings and its competitors. Toridoll Holdings's current Beneish M-Score is -3.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toridoll Holdings stock overvalued right now?
Toridoll Holdings (TORLF) has a current Beneish M-Score of -3.24. The stock's GF Value™ is $35.87, compared to a current price of $31.31 — trading 12.7% below its estimated fair value. The current Beneish M-Score is -3.24. Toridoll Holdings' 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 Toridoll Holdings (TORLF), the current Beneish M-Score is -3.24 as of Jul. 15, 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 Toridoll Holdings (TORLF) Overvalued in 2026?
Based on GuruFocus' analysis, Toridoll Holdings stock appears to be undervalued.
The current stock price of $31.31 is trading 12.7% below its estimated GF Value™ of $35.87.
Key valuation signals for TORLF:
Beneish M-Score: -3.24
GF Value™: $35.87 vs. price of $31.31 (12.7% below fair value)
No single metric tells the full story. See the TORLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toridoll Holdings Corp owns and operates more than 1,000 restaurants Japan. Toridoll has several different restaurant brands, but most are similar in serving Japanese or other Asian cuisine and using an open-kitchen concept where customers can see the food as it is prepared. Toridoll's primary brand is Marugame Seimen, which specializes in Sanuki udon and accounts for more than 85% of the company's total sales. Marugame Seimen has nearly 800 locations in Japan and more than 100 locations in a dozen other countries. Other significant brands in Japan include Toridoll, Nagata Honjo-ken, and Marusho-ya. Significant brands outside Japan include Wok to Walk, Tokyo Table, and Boat Noodle.
85GF Score
Get the complete analysis for TORLF
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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