CCReB Advisors (TSE:276A) Beneish M-Score: 0.13 (As of Jul. 16, 2026) — 41% Below Median

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TSE:276A CCReB Advisors Inc TSE:276A
17 GF Score
Price 円4,025.00
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What is CCReB Advisors Beneish M-Score?

CCReB Advisors TSE:276A +12.27% 17 Beneish M-Score is 0.13 as of Jul. 16, 2026, which is 41% below its 10-year median of 0.22. GuruFocus rates TSE:276A with a GF Score™ of 17/100. The stock has 5 warning signs investors should review. Among 2,629 Software companies, CCReB Advisors ranks worse than 93.46% 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 0.13 higher than -1.78, which implies that the company might have manipulated its financial results.

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

TSE:276A' s Beneish M-Score Range Over the Past 10 Years
Min: 0.13   Med: 0.22   Max: 0.3
Current: 0.13

During the past 4 years, the highest Beneish M-Score of CCReB Advisors was 0.30. The lowest was 0.13. And the median was 0.22.

CCReB Advisors Beneish M-Score Historical Data

* Premium members only.

The historical data trend for CCReB Advisors'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.

CCReB Advisors Beneish M-Score Chart

CCReB Advisors Annual Data
Trend Aug22 Aug23 Aug24 Aug25
Beneish M-Score
0.00 0.00 0.30 0.13

CCReB Advisors Semi-Annual Data
Aug22 Aug23 Aug24 Feb25 Aug25 Feb26
Beneish M-Score Get a 7-Day Free Trial 0.00 0.30 0.00 0.13 0.00

TSE:276A vs MSFT, ORCL, PLTR: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, CCReB Advisors'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.

CCReB Advisors Beneish M-Score vs Software Industry

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

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


TSE:276A
17GF Score
CCReB Advisors Inc TSE:276A
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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CCReB Advisors 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 CCReB Advisors 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 * 1.5616+0.528 * 1.5271+0.404 * 0.7908+0.892 * 2.0124+0.115 * 1.0794
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.5873+4.679 * 0.21834-0.327 * 1.33
=0.13

* 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 (Aug25) TTM:Last Year (Aug24) TTM:
Total Receivables was 円42 Mil.
Revenue was 円2,555 Mil.
Gross Profit was 円1,119 Mil.
Total Current Assets was 円3,217 Mil.
Total Assets was 円3,792 Mil.
Property, Plant and Equipment(Net PPE) was 円402 Mil.
Depreciation, Depletion and Amortization(DDA) was 円24 Mil.
Selling, General, & Admin. Expense(SGA) was 円506 Mil.
Total Current Liabilities was 円1,650 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Net Income was 円446 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円-382 Mil.
 Total Receivables was 円13 Mil.
Revenue was 円1,270 Mil.
Gross Profit was 円849 Mil.
Total Current Assets was 円1,073 Mil.
Total Assets was 円1,512 Mil.
Property, Plant and Equipment(Net PPE) was 円352 Mil.
Depreciation, Depletion and Amortization(DDA) was 円23 Mil.
Selling, General, & Admin. Expense(SGA) was 円428 Mil.
Total Current Liabilities was 円495 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 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)
=(41.981 / 2555.046) / (13.359 / 1269.627)
=0.016431 / 0.010522
=1.5616

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)
=(849.442 / 1269.627) / (1119.42 / 2555.046)
=0.669048 / 0.438121
=1.5271

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 - (3217.408 + 402.415) / 3791.752) / (1 - (1073.019 + 351.924) / 1511.615)
=0.045343 / 0.057337
=0.7908

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
=2555.046 / 1269.627
=2.0124

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))
=(23.084 / (23.084 + 351.924)) / (24.336 / (24.336 + 402.415))
=0.061556 / 0.057026
=1.0794

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)
=(506.422 / 2555.046) / (428.488 / 1269.627)
=0.198205 / 0.337491
=0.5873

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)
=((0 + 1650.27) / 3791.752) / ((0 + 494.645) / 1511.615)
=0.435226 / 0.327229
=1.33

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
=(445.709 - 0 - -382.181) / 3791.752
=0.21834

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.

CCReB Advisors has a M-score of 0.13 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 0.13 mean?
CCReB Advisors (TSE:276A) has a Beneish M-Score of 0.13 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on CCReB Advisors and its competitors. This is 41% below median its historical median of 0.22. Over the past decade, CCReB Advisors' Beneish M-Score has ranged from 0.13 to 0.30. According to the industry distribution chart, CCReB Advisors ranks #2457 out of 2629 companies in the Software industry, placing it in the top 93.5%.
Is CCReB Advisors' Beneish M-Score too high?
CCReB Advisors' current Beneish M-Score of 0.13 is 41% below median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.30. Based on the distribution chart, CCReB Advisors ranks #2457 out of 2629 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, CCReB Advisors has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does CCReB Advisors' Beneish M-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, CCReB Advisors ranks #2457 out of 2629 companies for Beneish M-Score. This places CCReB Advisors in the lower half of its industry. Historically, CCReB Advisors' own Beneish M-Score has ranged from 0.13 to 0.30 over the past decade. 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 CCReB Advisors and its competitors. CCReB Advisors's current Beneish M-Score is 0.13, which is 41% below median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CCReB Advisors stock overvalued right now?
CCReB Advisors (TSE:276A) has a current Beneish M-Score of 0.13. The current Beneish M-Score is 0.13, which is 41% below median its 10-year median of 0.22. CCReB Advisors' overall GF Score™ is 17/100 with 5 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 CCReB Advisors (TSE:276A), the current Beneish M-Score is 0.13 as of Jul. 16, 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.

CCReB Advisors Business Description

Address 1-14-8 Uchikanda, KANDA SQUARE GATE 8th floor, Chiyoda-ku, Tokyo, JPN, 101-0047
CCReB Advisors Inc is engaged in the Provision of CRE (Corporate Real Estate) solutions utilizing AI and PropTech (Property relating Technologies) development and sales. In CRE solution business It provides one-stop solutions using real estate tech systems to meet a wide variety of CRE needs, including CRE strategy support using real estate tech tools, monetizing idle land, consolidating bases, and off-balancing commercial real estate. The PropTech business includes the Development of real estate tech systems and subscription services that contribute to improving the operational efficiency of CRE sales for client companies and digital transformation (DX).
17GF Score

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