Accelia (TSE:271A) Beneish M-Score: -2.71 (As of Jul. 09, 2026)


TSE:271A Accelia Inc TSE:271A
12 GF Score
Price 円1,500.00
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What is Accelia Beneish M-Score?

Accelia TSE:271A 12 Beneish M-Score is -2.71 as of Jul. 09, 2026. GuruFocus rates TSE:271A with a GF Score™ of 12/100. Among 2,627 Software companies, Accelia ranks better than 61.86% 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 -2.71 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:271A' s Beneish M-Score Range Over the Past 10 Years
Min: -2.71   Med: -2.25   Max: -1.78
Current: -2.71

During the past 4 years, the highest Beneish M-Score of Accelia was -1.78. The lowest was -2.71. And the median was -2.25.

Accelia Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Accelia'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.

Accelia Beneish M-Score Chart

Accelia Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -1.78 -2.71

Accelia Semi-Annual Data
Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 -1.78 0.00 -2.71

TSE:271A vs IBM, ACN, FISV: Beneish M-Score Comparison

For the Information Technology Services subindustry, Accelia'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.

Accelia Beneish M-Score vs Software Industry

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

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


TSE:271A
12GF Score
Accelia Inc TSE:271A
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Accelia 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 Accelia 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 * 0.7036+0.528 * 1.2507+0.404 * 1.1181+0.892 * 1.0598+0.115 * 0.909
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9624+4.679 * -0.039651-0.327 * 0.9904
=-2.71

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was 円166 Mil.
Revenue was 円1,221 Mil.
Gross Profit was 円282 Mil.
Total Current Assets was 円594 Mil.
Total Assets was 円688 Mil.
Property, Plant and Equipment(Net PPE) was 円47 Mil.
Depreciation, Depletion and Amortization(DDA) was 円25 Mil.
Selling, General, & Admin. Expense(SGA) was 円339 Mil.
Total Current Liabilities was 円167 Mil.
Long-Term Debt & Capital Lease Obligation was 円93 Mil.
Net Income was 円-61 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円-34 Mil.
 Total Receivables was 円223 Mil.
Revenue was 円1,152 Mil.
Gross Profit was 円332 Mil.
Total Current Assets was 円688 Mil.
Total Assets was 円790 Mil.
Property, Plant and Equipment(Net PPE) was 円53 Mil.
Depreciation, Depletion and Amortization(DDA) was 円24 Mil.
Selling, General, & Admin. Expense(SGA) was 円332 Mil.
Total Current Liabilities was 円172 Mil.
Long-Term Debt & Capital Lease Obligation was 円130 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)
=(166.139 / 1221.171) / (222.816 / 1152.315)
=0.136049 / 0.193364
=0.7036

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)
=(332.39 / 1152.315) / (281.642 / 1221.171)
=0.288454 / 0.230633
=1.2507

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 - (594.255 + 46.53) / 687.753) / (1 - (688.492 + 53.166) / 789.903)
=0.068292 / 0.061077
=1.1181

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
=1221.171 / 1152.315
=1.0598

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))
=(24.499 / (24.499 + 53.166)) / (24.727 / (24.727 + 46.53))
=0.315445 / 0.347012
=0.909

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)
=(338.864 / 1221.171) / (332.249 / 1152.315)
=0.277491 / 0.288332
=0.9624

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)
=((93.439 + 167.416) / 687.753) / ((130.28 + 172.213) / 789.903)
=0.379286 / 0.38295
=0.9904

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
=(-60.836 - 0 - -33.566) / 687.753
=-0.039651

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.

Accelia has a M-score of -2.71 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 -2.71 mean?
Accelia (TSE:271A) has a Beneish M-Score of -2.71 as of Jul. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Accelia and its competitors. According to the industry distribution chart, Accelia ranks #1002 out of 2627 companies in the Software industry, placing it in the top 38.1%.
Is Accelia's Beneish M-Score too high?
Accelia's current Beneish M-Score is -2.71. Based on the distribution chart, Accelia ranks #1002 out of 2627 companies in the Software industry, which is above the industry midpoint. Overall, Accelia has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Accelia's Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, Accelia ranks #1002 out of 2627 companies for Beneish M-Score. This puts Accelia 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 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 Accelia and its competitors. Accelia's current Beneish M-Score is -2.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Accelia stock overvalued right now?
Accelia (TSE:271A) has a current Beneish M-Score of -2.71. The current Beneish M-Score is -2.71. Accelia's overall GF Score™ is 12/100. 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 Accelia (TSE:271A), the current Beneish M-Score is -2.71 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.

Accelia Business Description

Address 3-3-4 Kojimachi, 3rd Floor, KDX Kojimachi Building, Chiyoda-ku, Tokyo, JPN, 102-0083
Accelia Inc provides total support for the development, operation, and maintenance of web systems, networks, and cybersecurity. It is engaged in the Combined Provision of In-House Developed Network Services and System Integration. e.g. Content delivery network (CDN), cyber security, DDoS mitigation, IoT services, and system development.
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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