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 -2.85 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Aeon Kyushu Co's Beneish M-Score or its related term are showing as below:
TSE:2653'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.92 Med: -2.68 Max: -1.65
Current: -2.85
During the past 13 years, the highest Beneish M-Score of Aeon Kyushu Co was -1.65. The lowest was -2.92. And the median was -2.68.
Aeon Kyushu Co Beneish M-Score Related Terms
Aeon Kyushu Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Aeon Kyushu 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.
For the Department Stores subindustry, Aeon Kyushu 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.
Aeon Kyushu Co Beneish M-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Aeon Kyushu Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Aeon Kyushu 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 Aeon Kyushu 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 * 1.0644
+
0.528 * 1.0068
+
0.404 * 0.8777
+
0.892 * 1.0292
+
0.115 * 1.0883
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.992
+
4.679 * -0.085883
-
0.327 * 1.0487
=
-2.85
* 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))
=
(6971 / (6971 + 100897))
/
(7470 / (7470 + 118329))
=
0.064625
/
0.05938
=
1.0883
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
=
(5971 - 0
-
23700)
/
206432
=
-0.085883
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.
Aeon Kyushu Co has a M-score of -2.85 suggests that the company is unlikely to be a manipulator.
Aeon Kyushu Co (TSE:2653) has a Beneish M-Score of -2.85 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Aeon Kyushu Co and its competitors. According to the industry distribution chart, Aeon Kyushu Co ranks #315 out of 1087 companies in the Retail - Cyclical industry, placing it in the top 29%.
Is Aeon Kyushu Co's Beneish M-Score too high?
Aeon Kyushu Co's current Beneish M-Score is -2.85. Based on the distribution chart, Aeon Kyushu Co ranks #315 out of 1087 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Aeon Kyushu Co has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aeon Kyushu Co's Beneish M-Score compare to DDS?
According to the Retail - Cyclical industry distribution chart, Aeon Kyushu Co ranks #315 out of 1087 companies for Beneish M-Score. This puts Aeon Kyushu Co 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 Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 Aeon Kyushu Co and its competitors. Aeon Kyushu Co's current Beneish M-Score is -2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aeon Kyushu Co stock overvalued right now?
Based on GuruFocus' analysis, Aeon Kyushu Co (TSE:2653) is currently considered Fairly Valued. The stock's GF Value™ is 円2,924.15, compared to a current price of 円2,788.00 — trading 4.7% below its estimated fair value. The current Beneish M-Score is -2.85. Aeon Kyushu Co's overall GF Score™ is 65/100 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 Aeon Kyushu Co (TSE:2653), the current Beneish M-Score is -2.85 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 Aeon Kyushu Co (TSE:2653) Overvalued in 2026?
Based on GuruFocus' analysis, Aeon Kyushu Co stock appears to be undervalued.
The current stock price of 円2,788.00 is trading 4.7% below its estimated GF Value™ of 円2,924.15.
GuruFocus considers Aeon Kyushu Co to be Fairly Valued.
Key valuation signals for TSE:2653:
Beneish M-Score: -2.85
GF Value™: 円2,924.15 vs. price of 円2,788.00 (4.7% below fair value)
No single metric tells the full story. See the TSE:2653 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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