AFC HD AMS Life Science Co (TSE:2927) Beneish M-Score: -2.53 (As of Jul. 13, 2026)


TSE:2927 AFC HD AMS Life Science Co Ltd TSE:2927
70 GF Score
Price 円861.00
GF Value 円997.83
Valuation Modestly Undervalued
! 6 Warning Signs
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What is AFC HD AMS Life Science Co Beneish M-Score?

AFC HD AMS Life Science Co TSE:2927 +0.23% 70 Beneish M-Score is -2.53 as of Jul. 13, 2026. GuruFocus rates TSE:2927 with a GF Score™ of 70/100 and a GF Value™ of 円997.83 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,851 Consumer Packaged Goods companies, AFC HD AMS Life Science Co ranks better than 50.68% 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 -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for AFC HD AMS Life Science Co's Beneish M-Score or its related term are showing as below:

TSE:2927' s Beneish M-Score Range Over the Past 10 Years
Min: -2.63   Med: -2.47   Max: -2.12
Current: -2.53

During the past 13 years, the highest Beneish M-Score of AFC HD AMS Life Science Co was -2.12. The lowest was -2.63. And the median was -2.47.

AFC HD AMS Life Science Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for AFC HD AMS Life Science 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.

AFC HD AMS Life Science Co Beneish M-Score Chart

AFC HD AMS Life Science Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.12 -2.56 -2.40 -2.40 -2.53

AFC HD AMS Life Science Co Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -2.40 0.00 -2.53 0.00

TSE:2927 vs KHC, GIS: Beneish M-Score Comparison

For the Packaged Foods subindustry, AFC HD AMS Life Science 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.

AFC HD AMS Life Science Co Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, AFC HD AMS Life Science Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where AFC HD AMS Life Science Co's Beneish M-Score falls into.


TSE:2927
70GF Score
AFC HD AMS Life Science Co Ltd TSE:2927
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AFC HD AMS Life Science 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 AFC HD AMS Life Science 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 * 0.96+0.528 * 1.0079+0.404 * 0.8858+0.892 * 1.0818+0.115 * 0.8615
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.006942-0.327 * 0.9824
=-2.53

* 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2,943 Mil.
Revenue was 円32,655 Mil.
Gross Profit was 円11,261 Mil.
Total Current Assets was 円22,325 Mil.
Total Assets was 円48,727 Mil.
Property, Plant and Equipment(Net PPE) was 円21,336 Mil.
Depreciation, Depletion and Amortization(DDA) was 円1,397 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円25,993 Mil.
Long-Term Debt & Capital Lease Obligation was 円5,475 Mil.
Net Income was 円1,449 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円1,787 Mil.
 Total Receivables was 円2,834 Mil.
Revenue was 円30,185 Mil.
Gross Profit was 円10,492 Mil.
Total Current Assets was 円22,095 Mil.
Total Assets was 円47,031 Mil.
Property, Plant and Equipment(Net PPE) was 円19,416 Mil.
Depreciation, Depletion and Amortization(DDA) was 円1,086 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円17,622 Mil.
Long-Term Debt & Capital Lease Obligation was 円13,293 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)
=(2943.14 / 32655.022) / (2833.829 / 30185.451)
=0.090128 / 0.093881
=0.96

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)
=(10491.854 / 30185.451) / (11261.364 / 32655.022)
=0.34758 / 0.344859
=1.0079

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 - (22325.077 + 21335.985) / 48726.913) / (1 - (22094.548 + 19416.269) / 47030.684)
=0.103964 / 0.117367
=0.8858

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
=32655.022 / 30185.451
=1.0818

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))
=(1085.56 / (1085.56 + 19416.269)) / (1397.244 / (1397.244 + 21335.985))
=0.052949 / 0.061463
=0.8615

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)
=(0 / 32655.022) / (0 / 30185.451)
=0 / 0
=1

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)
=((5475.08 + 25992.564) / 48726.913) / ((13293.145 + 17622.142) / 47030.684)
=0.645796 / 0.657343
=0.9824

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
=(1448.545 - 0 - 1786.827) / 48726.913
=-0.006942

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.

AFC HD AMS Life Science Co has a M-score of -2.53 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 -2.53 mean?
AFC HD AMS Life Science Co (TSE:2927) has a Beneish M-Score of -2.53 as of Jul. 13, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on AFC HD AMS Life Science Co and its competitors. According to the industry distribution chart, AFC HD AMS Life Science Co ranks #913 out of 1851 companies in the Consumer Packaged Goods industry, placing it in the top 49.3%.
Is AFC HD AMS Life Science Co's Beneish M-Score too high?
AFC HD AMS Life Science Co's current Beneish M-Score is -2.53. Based on the distribution chart, AFC HD AMS Life Science Co ranks #913 out of 1851 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, AFC HD AMS Life Science Co has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AFC HD AMS Life Science Co's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, AFC HD AMS Life Science Co ranks #913 out of 1851 companies for Beneish M-Score. This puts AFC HD AMS Life Science 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 AFC HD AMS Life Science Co and its competitors. AFC HD AMS Life Science Co's current Beneish M-Score is -2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AFC HD AMS Life Science Co stock overvalued right now?
Based on GuruFocus' analysis, AFC HD AMS Life Science Co (TSE:2927) is currently considered Modestly Undervalued. The stock's GF Value™ is 円997.83, compared to a current price of 円861.00 — trading 13.7% below its estimated fair value. The current Beneish M-Score is -2.53. AFC HD AMS Life Science Co's overall GF Score™ is 70/100 with 6 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 AFC HD AMS Life Science Co (TSE:2927), the current Beneish M-Score is -2.53 as of Jul. 13, 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 AFC HD AMS Life Science Co (TSE:2927) Overvalued in 2026?

Based on GuruFocus' analysis, AFC HD AMS Life Science Co stock appears to be undervalued. The current stock price of 円861.00 is trading 13.7% below its estimated GF Value™ of 円997.83. GuruFocus considers AFC HD AMS Life Science Co to be Modestly Undervalued.

Key valuation signals for TSE:2927:

  • Beneish M-Score: -2.53
  • GF Value™: 円997.83 vs. price of 円861.00 (13.7% below fair value)
  • GF Score™: 70/100 with 6 warning signs

No single metric tells the full story. See the TSE:2927 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

AFC HD AMS Life Science Co Business Description

Address 3-6-36, Toyoda, Suruga-ku, Shizuoka Prefecture, Shizuoka, JPN, 422-8027
AFC HD AMS Life Science Co Ltd formerly AMS Life Science Co., Ltd is engaged in manufacturing and selling of health foods and cosmetics in Japan.
70GF Score

Get the complete analysis for TSE:2927

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円861.00
Price
円997.83
GF Value