Beauty Garage (TSE:3180) Beneish M-Score: -2.17 (As of Jul. 22, 2026)

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Beauty Garage Inc TSE:3180

83 GF Score

Price 円1,451.00

GF Value 円2,000.40

Valuation Modestly Undervalued

5 Warning Signs

View Full Analysis

What is Beauty Garage Beneish M-Score?

Beauty Garage TSE:3180 -2.03% 83 Beneish M-Score is -2.17 as of Jul. 22, 2026. GuruFocus rates TSE:3180 with a GF Score™ of 83/100 and a GF Value™ of 円2,000.40 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,850 Consumer Packaged Goods companies, Beauty Garage ranks worse than 73.14% 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 -2.17 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:3180' s Beneish M-Score Range Over the Past 10 Years
Min: -2.56 Med: -2.2 Max: -1.82
Current: -2.17

During the past 13 years, the highest Beneish M-Score of Beauty Garage was -1.82. The lowest was -2.56. And the median was -2.20.

Beauty Garage Beneish M-Score Related Terms

Beauty Garage Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Beauty Garage'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.

Beauty Garage Beneish M-Score Chart

Beauty Garage Annual Data

Trend

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Apr25

Apr26

Beneish M-Score

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-2.19

-2.34

-2.20

-2.40

-2.17

Beauty Garage Semi-Annual Data
	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24	Apr25	Oct25	Apr26
Beneish M-Score	Get a 7-Day Free Trial															-2.20	0.00	-2.40	0.00	-2.17

TSE:3180 vs PG, CL, KVUE: Beneish M-Score Comparison

For the Household & Personal Products subindustry, Beauty Garage'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.

Beauty Garage Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Beauty Garage's Beneish M-Score distribution charts can be found below:

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

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83GF Score

Beauty Garage Inc TSE:3180

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Beauty Garage 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 Beauty Garage for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.97

0.528 * 1.0354

0.404 * 0.9897

0.892 * 1.1327

0.115 * 2.0608

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * 0.020446

0.327 * 1.0263

-2.17

This Year (Apr26) TTM:

Last Year (Apr25) TTM:

Total Receivables was 円3,973 Mil.
Revenue was 円38,197 Mil.
Gross Profit was 円9,250 Mil.
Total Current Assets was 円13,496 Mil.
Total Assets was 円18,536 Mil.
Property, Plant and Equipment(Net PPE) was 円2,010 Mil.
Depreciation, Depletion and Amortization(DDA) was 円419 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円6,921 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,262 Mil.
Net Income was 円933 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円554 Mil.

Total Receivables was 円3,616 Mil.
Revenue was 円33,721 Mil.
Gross Profit was 円8,456 Mil.
Total Current Assets was 円13,093 Mil.
Total Assets was 円16,258 Mil.
Property, Plant and Equipment(Net PPE) was 円480 Mil.
Depreciation, Depletion and Amortization(DDA) was 円265 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円6,408 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,440 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)
	=	(3973.447 / 38197.005)	/	(3616.206 / 33721.346)
	=	0.104025	/	0.107238
	=	0.97

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)
	=	(8455.598 / 33721.346)	/	(9250.362 / 38197.005)
	=	0.250749	/	0.242175
	=	1.0354

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 - (13495.867 + 2010.364) / 18535.56)	/	(1 - (13093.186 + 479.954) / 16257.786)
	=	0.163433	/	0.16513
	=	0.9897

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
	=	38197.005	/	33721.346
	=	1.1327

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))
	=	(264.823 / (264.823 + 479.954))	/	(419.205 / (419.205 + 2010.364))
	=	0.355574	/	0.172543
	=	2.0608

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 / 38197.005)	/	(0 / 33721.346)
	=	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)
	=	((2262.301 + 6920.672) / 18535.56)	/	((1440.461 + 6407.584) / 16257.786)
	=	0.495425	/	0.482725
	=	1.0263

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
	=	(932.968 - 0	-	553.997)	/	18535.56
	=	0.020446

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.

Beauty Garage has a M-score of -2.17 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 -2.17 mean?

Beauty Garage (TSE:3180) has a Beneish M-Score of -2.17 as of Jul. 22, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Beauty Garage and its competitors. According to the industry distribution chart, Beauty Garage ranks #1353 out of 1850 companies in the Consumer Packaged Goods industry, placing it in the top 73.1%.

Is Beauty Garage's Beneish M-Score too high?

Beauty Garage's current Beneish M-Score is -2.17. Based on the distribution chart, Beauty Garage ranks #1353 out of 1850 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Beauty Garage has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Beauty Garage's Beneish M-Score compare to PG and CL?

According to the Consumer Packaged Goods industry distribution chart, Beauty Garage ranks #1353 out of 1850 companies for Beneish M-Score. This places Beauty Garage 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 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 Beauty Garage and its competitors. Beauty Garage's current Beneish M-Score is -2.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Beauty Garage stock overvalued right now?

Based on GuruFocus' analysis, Beauty Garage (TSE:3180) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,000.40, compared to a current price of 円1,451.00 — trading 27.5% below its estimated fair value. The current Beneish M-Score is -2.17. Beauty Garage's overall GF Score™ is 83/100 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 Beauty Garage (TSE:3180), the current Beneish M-Score is -2.17 as of Jul. 22, 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 Beauty Garage (TSE:3180) Overvalued in 2026?

Based on GuruFocus' analysis, Beauty Garage stock appears to be undervalued. The current stock price of 円1,451.00 is trading 27.5% below its estimated GF Value™ of 円2,000.40. GuruFocus considers Beauty Garage to be Modestly Undervalued.

Key valuation signals for TSE:3180:

Beneish M-Score: -2.17
GF Value™: 円2,000.40 vs. price of 円1,451.00 (27.5% below fair value)
GF Score™: 83/100 with 5 warning signs

No single metric tells the full story. See the TSE:3180 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Beauty Garage Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies TSE:2930 TSE:4465 TSE:4933 TSE:7819 TSE:4936 TSE:7823 TSE:5194 TSE:4925 TSE:4935 TSE:4932 PG XPAR:OR LSE:ULVR CL BOM:500696 LSE:RKT KVUE KMB XTER:HEN3 EL

Address Beauty Garage Building, 4-41-10 Minami-Ogikubo, Suginami, Tokyo, JPN, 167-0052

Website http://www.beautygarage.co.jp

Beauty Garage Inc is engaged in the business of trading beauty products and equipment and sales of professional use cosmetics. Other services provided by the company include - support service for the start-up of a salon and fundraising. The company also provides courses and personnel training service and insurance service for salons.

83GF Score

Get the complete analysis for TSE:3180

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

円1,451.00

Price

円2,000.40

GF Value

View TSE:3180 Analysis

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