Gakujo CoTSE:2301 -0.19%79 Beneish M-Score is -2.50 as of Jul. 09, 2026. GuruFocus rates TSE:2301 with a GF Score™ of 79/100 and a GF Value™ of 円2,298.20 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,022 Business Services companies, Gakujo Co ranks worse than 54.6% 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 -2.5 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Gakujo Co's Beneish M-Score or its related term are showing as below:
TSE:2301'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.82 Med: -2.49 Max: -1.61
Current: -2.5
During the past 13 years, the highest Beneish M-Score of Gakujo Co was -1.61. The lowest was -2.82. And the median was -2.49.
Gakujo Co Beneish M-Score Related Terms
Gakujo Co Beneish M-Score Historical Data
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The historical data trend for Gakujo 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:2301 vs KFY, RHI, TNET: Beneish M-Score Comparison
For the Staffing & Employment Services subindustry, Gakujo 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.
Gakujo Co Beneish M-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Gakujo Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Gakujo Co'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 Gakujo 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 * 0.9527
+
0.528 * 1.0184
+
0.404 * 1.0053
+
0.892 * 1.0269
+
0.115 * 0.7854
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0285
+
4.679 * -0.000375
-
0.327 * 0.9479
=
-2.50
* 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))
=
(211.087 / (211.087 + 1050.613))
/
(294.633 / (294.633 + 1088.539))
=
0.167304
/
0.213013
=
0.7854
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
=
(1892.164 - 0
-
1898.587)
/
17106.248
=
-0.000375
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.
Gakujo Co has a M-score of -2.50 suggests that the company is unlikely to be a manipulator.
Gakujo Co (TSE:2301) has a Beneish M-Score of -2.50 as of Jul. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Gakujo Co and its competitors. According to the industry distribution chart, Gakujo Co ranks #558 out of 1022 companies in the Business Services industry, placing it in the top 54.6%.
Is Gakujo Co's Beneish M-Score too high?
Gakujo Co's current Beneish M-Score is -2.50. Based on the distribution chart, Gakujo Co ranks #558 out of 1022 companies in the Business Services industry, which is below the industry midpoint. Overall, Gakujo Co has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gakujo Co's Beneish M-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, Gakujo Co ranks #558 out of 1022 companies for Beneish M-Score. This places Gakujo 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 Business Services company?
A good Beneish M-Score depends on the Business Services 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 Gakujo Co and its competitors. Gakujo Co's current Beneish M-Score is -2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gakujo Co stock overvalued right now?
Based on GuruFocus' analysis, Gakujo Co (TSE:2301) is currently considered Significantly Undervalued. The stock's GF Value™ is 円2,298.20, compared to a current price of 円1,617.00 — trading 29.6% below its estimated fair value. The current Beneish M-Score is -2.50. Gakujo Co's overall GF Score™ is 79/100 with 1 warning sign 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 Gakujo Co (TSE:2301), the current Beneish M-Score is -2.50 as of Jul. 09, 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 Gakujo Co (TSE:2301) Overvalued in 2026?
Based on GuruFocus' analysis, Gakujo Co stock appears to be undervalued.
The current stock price of 円1,617.00 is trading 29.6% below its estimated GF Value™ of 円2,298.20.
GuruFocus considers Gakujo Co to be Significantly Undervalued.
Key valuation signals for TSE:2301:
Beneish M-Score: -2.50
GF Value™: 円2,298.20 vs. price of 円1,617.00 (29.6% below fair value)
No single metric tells the full story. See the TSE:2301 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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