Tama Home Co (TSE:1419) Beneish M-Score: -2.04 (As of Jun. 28, 2026)


TSE:1419 Tama Home Co Ltd TSE:1419
73 GF Score
Price 円2,790.00
GF Value 円3,379.71
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Tama Home Co Beneish M-Score?

Tama Home Co TSE:1419 +1.38% 73 Beneish M-Score is -2.04 as of Jun. 28, 2026. GuruFocus rates TSE:1419 with a GF Score™ of 73/100 and a GF Value™ of 円3,379.71 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 89 Homebuilding & Construction companies, Tama Home Co ranks worse than 61.8% 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 -2.04 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:1419' s Beneish M-Score Range Over the Past 10 Years
Min: -2.91   Med: -2.5   Max: -2.04
Current: -2.04

During the past 13 years, the highest Beneish M-Score of Tama Home Co was -2.04. The lowest was -2.91. And the median was -2.50.

Tama Home Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Tama Home Co'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.

Tama Home Co Beneish M-Score Chart

Tama Home Co Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.91 -2.73 -2.64 -2.85 -2.04

Tama Home Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.00 -2.04 0.00 0.00 0.00

TSE:1419 vs DHI, PHM, LEN: Beneish M-Score Comparison

For the Residential Construction subindustry, Tama Home Co'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.

Tama Home Co Beneish M-Score vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Tama Home Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Tama Home Co's Beneish M-Score falls into.


TSE:1419
73GF Score
Tama Home Co Ltd TSE:1419
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tama Home Co 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 Tama Home Co 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 * 1.8211+0.528 * 0.9335+0.404 * 0.9062+0.892 * 0.8106+0.115 * 0.923
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.008342-0.327 * 1.0828
=-2.04

* 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 (May25) TTM:Last Year (May24) TTM:
Total Receivables was 円2,120 Mil.
Revenue was 円200,817 Mil.
Gross Profit was 円51,105 Mil.
Total Current Assets was 円67,570 Mil.
Total Assets was 円92,302 Mil.
Property, Plant and Equipment(Net PPE) was 円18,676 Mil.
Depreciation, Depletion and Amortization(DDA) was 円2,487 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円44,837 Mil.
Long-Term Debt & Capital Lease Obligation was 円7,917 Mil.
Net Income was 円1,478 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円2,248 Mil.
 Total Receivables was 円1,436 Mil.
Revenue was 円247,733 Mil.
Gross Profit was 円58,852 Mil.
Total Current Assets was 円64,287 Mil.
Total Assets was 円89,587 Mil.
Property, Plant and Equipment(Net PPE) was 円18,814 Mil.
Depreciation, Depletion and Amortization(DDA) was 円2,289 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円45,320 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,966 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)
=(2120 / 200817) / (1436 / 247733)
=0.010557 / 0.005797
=1.8211

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)
=(58852 / 247733) / (51105 / 200817)
=0.237562 / 0.254485
=0.9335

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 - (67570 + 18676) / 92302) / (1 - (64287 + 18814) / 89587)
=0.065611 / 0.072399
=0.9062

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
=200817 / 247733
=0.8106

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))
=(2289 / (2289 + 18814)) / (2487 / (2487 + 18676))
=0.108468 / 0.117516
=0.923

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)
=(0 / 200817) / (0 / 247733)
=0 / 0
=1

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)
=((7917 + 44837) / 92302) / ((1966 + 45320) / 89587)
=0.571537 / 0.527822
=1.0828

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
=(1478 - 0 - 2248) / 92302
=-0.008342

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.

Tama Home Co has a M-score of -2.04 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 -2.04 mean?
Tama Home Co (TSE:1419) has a Beneish M-Score of -2.04 as of Jun. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Tama Home Co and its competitors. According to the industry distribution chart, Tama Home Co ranks #55 out of 89 companies in the Homebuilding & Construction industry, placing it in the top 61.8%.
Is Tama Home Co's Beneish M-Score too high?
Tama Home Co's current Beneish M-Score is -2.04. Based on the distribution chart, Tama Home Co ranks #55 out of 89 companies in the Homebuilding & Construction industry, which is below the industry midpoint. Overall, Tama Home Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tama Home Co's Beneish M-Score compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, Tama Home Co ranks #55 out of 89 companies for Beneish M-Score. This places Tama Home Co 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 Homebuilding & Construction company?
A good Beneish M-Score depends on the Homebuilding & Construction 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 Tama Home Co and its competitors. Tama Home Co's current Beneish M-Score is -2.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tama Home Co stock overvalued right now?
Based on GuruFocus' analysis, Tama Home Co (TSE:1419) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,379.71, compared to a current price of 円2,790.00 — trading 17.4% below its estimated fair value. The current Beneish M-Score is -2.04. Tama Home Co's overall GF Score™ is 73/100 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 Tama Home Co (TSE:1419), the current Beneish M-Score is -2.04 as of Jun. 28, 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 Tama Home Co (TSE:1419) Overvalued in 2026?

Based on GuruFocus' analysis, Tama Home Co stock appears to be undervalued. The current stock price of 円2,790.00 is trading 17.4% below its estimated GF Value™ of 円3,379.71. GuruFocus considers Tama Home Co to be Modestly Undervalued.

Key valuation signals for TSE:1419:

  • Beneish M-Score: -2.04
  • GF Value™: 円3,379.71 vs. price of 円2,790.00 (17.4% below fair value)
  • GF Score™: 73/100 with 4 warning signs

No single metric tells the full story. See the TSE:1419 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tama Home Co Business Description

Address 3-22-9 Takanawa, Minato-ku, Tokyo, JPN, 108-0074
Tama Home Co Ltd is engaged in construction, architectural design, real estate, and insurance agency. It operates through the segments namely Housing Segment, Real Estate Segment, Financial Segment and Other Business Segment. It is involved in construction contractor for custom-built homes, multi-unit homes, the sale of residential lots, development and sale of condominiums and subleasing of office buildings. In addition, it also includes insurance agency services for fire, earthquake, additional policies and agency services, the sale of home furniture and interior construction work, construction contractor for retail facilities and others. It is also involved in the energy and restaurant business. The company generates the majority of its revenue from the Housing segment.
73GF Score

Get the complete analysis for TSE:1419

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

円2,790.00
Price
円3,379.71
GF Value