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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 -2.44 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Yahagi Construction Co's Beneish M-Score or its related term are showing as below:
TSE:1870'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.22 Med: -2.32 Max: -1.38
Current: -2.44
During the past 13 years, the highest Beneish M-Score of Yahagi Construction Co was -1.38. The lowest was -3.22. And the median was -2.32.
Yahagi Construction Co Beneish M-Score Related Terms
Yahagi Construction Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Yahagi Construction 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.
TSE:1870 vs PWR, FIX, EME: Beneish M-Score Comparison
For the Engineering & Construction subindustry, Yahagi Construction 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.
Yahagi Construction Co Beneish M-Score vs Construction Industry
For the Construction industry and Industrials sector, Yahagi Construction Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Yahagi Construction Co's Beneish M-Score falls into.
Yahagi Construction 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 Yahagi Construction 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 * 0.9398
+
0.528 * 0.8998
+
0.404 * 0.9879
+
0.892 * 1.204
+
0.115 * 1.0111
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.009352
-
0.327 * 0.9475
=
-2.44
* 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))
=
(1131 / (1131 + 25138))
/
(1005 / (1005 + 22596))
=
0.043055
/
0.042583
=
1.0111
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
=
(8468 - 0
-
9849)
/
147662
=
-0.009352
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.
Yahagi Construction Co has a M-score of -2.44 suggests that the company is unlikely to be a manipulator.
Yahagi Construction Co (TSE:1870) has a Beneish M-Score of -2.44 as of Jul. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yahagi Construction Co and its competitors. According to the industry distribution chart, Yahagi Construction Co ranks #898 out of 1699 companies in the Construction industry, placing it in the top 52.9%.
Is Yahagi Construction Co's Beneish M-Score too high?
Yahagi Construction Co's current Beneish M-Score is -2.44. Based on the distribution chart, Yahagi Construction Co ranks #898 out of 1699 companies in the Construction industry, which is below the industry midpoint. Overall, Yahagi Construction Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Yahagi Construction Co's Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Yahagi Construction Co ranks #898 out of 1699 companies for Beneish M-Score. This places Yahagi Construction 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 Construction company?
A good Beneish M-Score depends on the 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 Yahagi Construction Co and its competitors. Yahagi Construction Co's current Beneish M-Score is -2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yahagi Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Yahagi Construction Co (TSE:1870) is currently considered Fairly Valued. The stock's GF Value™ is 円2,016.04, compared to a current price of 円1,874.00 — trading 7% below its estimated fair value. The current Beneish M-Score is -2.44. Yahagi Construction Co's overall GF Score™ is 84/100. 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 Yahagi Construction Co (TSE:1870), the current Beneish M-Score is -2.44 as of Jul. 20, 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 Yahagi Construction Co (TSE:1870) Overvalued in 2026?
Based on GuruFocus' analysis, Yahagi Construction Co stock appears to be undervalued.
The current stock price of 円1,874.00 is trading 7% below its estimated GF Value™ of 円2,016.04.
GuruFocus considers Yahagi Construction Co to be Fairly Valued.
Key valuation signals for TSE:1870:
Beneish M-Score: -2.44
GF Value™: 円2,016.04 vs. price of 円1,874.00 (7% below fair value)
No single metric tells the full story. See the TSE:1870 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Yahagi Construction Co Ltd, along with its subsidiaries, is engaged in the construction business, including architectural and civil engineering works, and the real estate business. The group's reportable segments are Construction, Civil Engineering, and Real Estate. Maximum revenue is generated from its Construction segment, which designs and constructs condominiums, offices, commercial facilities, stations, factories, etc. In addition, this segment also sells construction materials and provides a series of earthquake reinforcement services, including earthquake resistance diagnosis, consulting, investigation, design, and construction using the group's external earthquake reinforcement method.
84GF Score
Get the complete analysis for TSE:1870
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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