Green Monster (TSE:157A) Beneish M-Score: -1.54 (As of Jun. 27, 2026)


TSE:157A Green Monster Inc TSE:157A
19 GF Score
Price 円802.00
! 2 Warning Signs
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What is Green Monster Beneish M-Score?

Green Monster TSE:157A -10.69% 19 Beneish M-Score is -1.54 as of Jun. 27, 2026. GuruFocus rates TSE:157A with a GF Score™ of 19/100. The stock has 2 warning signs investors should review. Among 2,634 Software companies, Green Monster ranks worse than 84.28% 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.

Warning Sign:

Beneish M-Score -1.54 higher than -1.78, which implies that the company might have manipulated its financial results.

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

TSE:157A' s Beneish M-Score Range Over the Past 10 Years
Min: -2.33   Med: -1.94   Max: -1.54
Current: -1.54

During the past 4 years, the highest Beneish M-Score of Green Monster was -1.54. The lowest was -2.33. And the median was -1.94.

Green Monster Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Green Monster'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.

Green Monster Beneish M-Score Chart

Green Monster Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Beneish M-Score
0.00 0.00 -2.33 -1.54

Green Monster Quarterly Data
Jun22 Jun23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 -1.54 0.00 0.00

TSE:157A vs CRM, SHOP, UBER: Beneish M-Score Comparison

For the Software - Application subindustry, Green Monster'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.

Green Monster Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Green Monster's Beneish M-Score distribution charts can be found below:

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


TSE:157A
19GF Score
Green Monster Inc TSE:157A
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Green Monster 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 Green Monster 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 * 1.3235+0.528 * 0.8986+0.404 * 2.614+0.892 * 1.0252+0.115 * 0.4312
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.021718-0.327 * 1.0516
=-1.54

* 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 (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was 円204 Mil.
Revenue was 円2,007 Mil.
Gross Profit was 円710 Mil.
Total Current Assets was 円1,464 Mil.
Total Assets was 円1,822 Mil.
Property, Plant and Equipment(Net PPE) was 円38 Mil.
Depreciation, Depletion and Amortization(DDA) was 円49 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円312 Mil.
Long-Term Debt & Capital Lease Obligation was 円41 Mil.
Net Income was 円33 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円-7 Mil.
 Total Receivables was 円150 Mil.
Revenue was 円1,957 Mil.
Gross Profit was 円622 Mil.
Total Current Assets was 円1,686 Mil.
Total Assets was 円1,850 Mil.
Property, Plant and Equipment(Net PPE) was 円40 Mil.
Depreciation, Depletion and Amortization(DDA) was 円13 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円290 Mil.
Long-Term Debt & Capital Lease Obligation was 円51 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)
=(204.201 / 2006.859) / (150.497 / 1957.473)
=0.101752 / 0.076883
=1.3235

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)
=(622.26 / 1957.473) / (709.932 / 2006.859)
=0.317889 / 0.353753
=0.8986

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 - (1463.78 + 37.921) / 1821.541) / (1 - (1685.577 + 40.332) / 1850.191)
=0.175588 / 0.067173
=2.614

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
=2006.859 / 1957.473
=1.0252

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))
=(12.941 / (12.941 + 40.332)) / (48.921 / (48.921 + 37.921))
=0.242919 / 0.563333
=0.4312

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 / 2006.859) / (0 / 1957.473)
=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)
=((40.786 + 311.835) / 1821.541) / ((50.794 + 289.789) / 1850.191)
=0.193584 / 0.18408
=1.0516

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
=(32.652 - 0 - -6.909) / 1821.541
=0.021718

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.

Green Monster has a M-score of -1.54 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.54 mean?
Green Monster (TSE:157A) has a Beneish M-Score of -1.54 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Green Monster and its competitors. According to the industry distribution chart, Green Monster ranks #2220 out of 2634 companies in the Software industry, placing it in the top 84.3%.
Is Green Monster's Beneish M-Score too high?
Green Monster's current Beneish M-Score is -1.54. Based on the distribution chart, Green Monster ranks #2220 out of 2634 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Green Monster has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Green Monster's Beneish M-Score compare to CRM and SHOP?
According to the Software industry distribution chart, Green Monster ranks #2220 out of 2634 companies for Beneish M-Score. This places Green Monster 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 Software company?
A good Beneish M-Score depends on the Software 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 Green Monster and its competitors. Green Monster's current Beneish M-Score is -1.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Green Monster stock overvalued right now?
Green Monster (TSE:157A) has a current Beneish M-Score of -1.54. The current Beneish M-Score is -1.54. Green Monster's overall GF Score™ is 19/100 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 Green Monster (TSE:157A), the current Beneish M-Score is -1.54 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.

Green Monster Business Description

Address 1-3-8 Tomigaya, 22nd SY Building, Shibuya-ku, Tokyo, JPN, 151-0063
Green Monster Inc operates an app that allows one to learn about FX and stock investment experientially, from resolving the 20 million million yen shortage problem in retirement to supporting FIRE. It is widely used as a financial literacy learning tool not only for investment learning for adults to build assets but also for young people with a strong interest in the future.
19GF Score

Get the complete analysis for TSE:157A

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

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