Sanyo Homes (TSE:1420) Beneish M-Score: -2.36 (As of Jun. 27, 2026)

What is Sanyo Homes Beneish M-Score?

Sanyo Homes TSE:1420 -0.16% 51 Beneish M-Score is -2.36 as of Jun. 27, 2026. GuruFocus rates TSE:1420 with a GF Score™ of 51/100 and a GF Value™ of 円786.31 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 89 Homebuilding & Construction companies, Sanyo Homes ranks better than 62.92% 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 -2.36 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:1420' s Beneish M-Score Range Over the Past 10 Years
Min: -3.29 Med: -2.38 Max: -1.54
Current: -2.36

During the past 13 years, the highest Beneish M-Score of Sanyo Homes was -1.54. The lowest was -3.29. And the median was -2.38.

Sanyo Homes Beneish M-Score Related Terms

Sanyo Homes Beneish M-Score Historical Data

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The historical data trend for Sanyo Homes'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.

Sanyo Homes Beneish M-Score Chart

Sanyo Homes Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Beneish M-Score

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-2.40

-2.99

-2.93

-2.12

-2.36

Sanyo Homes Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															-2.93	0.00	-2.12	0.00	-2.36

TSE:1420 vs DHI, PHM, LEN: Beneish M-Score Comparison

For the Residential Construction subindustry, Sanyo Homes'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.

Sanyo Homes Beneish M-Score vs Homebuilding & Construction Industry

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

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

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51GF Score

Sanyo Homes Corp TSE:1420

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Sanyo Homes 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 Sanyo Homes for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.6772

0.528 * 0.9524

0.404 * 1.0533

0.892 * 1.1095

0.115 * 1.033

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * 0.061519

0.327 * 0.9172

-2.36

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was 円1,410 Mil.
Revenue was 円50,503 Mil.
Gross Profit was 円10,759 Mil.
Total Current Assets was 円42,723 Mil.
Total Assets was 円47,799 Mil.
Property, Plant and Equipment(Net PPE) was 円2,910 Mil.
Depreciation, Depletion and Amortization(DDA) was 円149 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円17,458 Mil.
Long-Term Debt & Capital Lease Obligation was 円11,447 Mil.
Net Income was 円1,403 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円-1,538 Mil.

Total Receivables was 円1,877 Mil.
Revenue was 円45,518 Mil.
Gross Profit was 円9,236 Mil.
Total Current Assets was 円45,291 Mil.
Total Assets was 円50,553 Mil.
Property, Plant and Equipment(Net PPE) was 円3,086 Mil.
Depreciation, Depletion and Amortization(DDA) was 円164 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円23,316 Mil.
Long-Term Debt & Capital Lease Obligation was 円10,013 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)
	=	(1410.397 / 50502.579)	/	(1877.077 / 45518.339)
	=	0.027927	/	0.041238
	=	0.6772

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)
	=	(9235.699 / 45518.339)	/	(10759.068 / 50502.579)
	=	0.202901	/	0.21304
	=	0.9524

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 - (42722.601 + 2909.689) / 47799.063)	/	(1 - (45291.402 + 3086.243) / 50553.241)
	=	0.045331	/	0.043036
	=	1.0533

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
	=	50502.579	/	45518.339
	=	1.1095

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))
	=	(163.518 / (163.518 + 3086.243))	/	(148.986 / (148.986 + 2909.689))
	=	0.050317	/	0.048709
	=	1.033

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 / 50502.579)	/	(0 / 45518.339)
	=	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)
	=	((11446.739 + 17457.573) / 47799.063)	/	((10013 + 23316.348) / 50553.241)
	=	0.604705	/	0.659292
	=	0.9172

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
	=	(1402.902 - 0	-	-1537.666)	/	47799.063
	=	0.061519

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.

Sanyo Homes has a M-score of -2.36 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 -2.36 mean?

Sanyo Homes (TSE:1420) has a Beneish M-Score of -2.36 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sanyo Homes and its competitors. According to the industry distribution chart, Sanyo Homes ranks #33 out of 89 companies in the Homebuilding & Construction industry, placing it in the top 37.1%.

Is Sanyo Homes' Beneish M-Score too high?

Sanyo Homes' current Beneish M-Score is -2.36. Based on the distribution chart, Sanyo Homes ranks #33 out of 89 companies in the Homebuilding & Construction industry, which is above the industry midpoint. Overall, Sanyo Homes has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Sanyo Homes' Beneish M-Score compare to DHI and PHM?

According to the Homebuilding & Construction industry distribution chart, Sanyo Homes ranks #33 out of 89 companies for Beneish M-Score. This puts Sanyo Homes 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 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 Sanyo Homes and its competitors. Sanyo Homes's current Beneish M-Score is -2.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Sanyo Homes stock overvalued right now?

Based on GuruFocus' analysis, Sanyo Homes (TSE:1420) is currently considered Modestly Undervalued. The stock's GF Value™ is 円786.31, compared to a current price of 円623.00 — trading 20.8% below its estimated fair value. The current Beneish M-Score is -2.36. Sanyo Homes' overall GF Score™ is 51/100 with 2 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 Sanyo Homes (TSE:1420), the current Beneish M-Score is -2.36 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 Sanyo Homes (TSE:1420) Overvalued in 2026?

Based on GuruFocus' analysis, Sanyo Homes stock appears to be undervalued. The current stock price of 円623.00 is trading 20.8% below its estimated GF Value™ of 円786.31. GuruFocus considers Sanyo Homes to be Modestly Undervalued.

Key valuation signals for TSE:1420:

Beneish M-Score: -2.36
GF Value™: 円786.31 vs. price of 円623.00 (20.8% below fair value)
GF Score™: 51/100 with 2 warning signs

No single metric tells the full story. See the TSE:1420 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Sanyo Homes Business Description

Industry Consumer Cyclical Homebuilding & Construction

Comparable Companies TSE:205A TSE:1840 TSE:2999 TSE:1430 TSE:1873 TSE:8904 TSE:3477 TSE:2990 TSE:1444 TSE:6073 DHI PHM LEN NVR TSE:1928 TOL IBP TMHC TSE:1911 LSE:BTRW

Address 8F Orix Hommachi Bldg. 4-1, Nishi-Hommachi 1-Chome, Nishi-ku, Osaka City, JPN, 550-0005

Website http://www.sanyohomes.co.jp

Sanyo Homes Corp operates in the construction sector. The company is engaged in the development and sales of residential properties. The business operates under four segments - housing, asset utilization, condominiums and remodelling.

51GF Score

Get the complete analysis for TSE:1420

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

円623.00

Price

円786.31

GF Value

View TSE:1420 Analysis

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