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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 -2.92 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Skylark Holdings Co's Beneish M-Score or its related term are showing as below:
TSE:3197'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.34 Med: -2.8 Max: -2.03
Current: -2.92
During the past 13 years, the highest Beneish M-Score of Skylark Holdings Co was -2.03. The lowest was -3.34. And the median was -2.80.
Skylark Holdings Co Beneish M-Score Related Terms
Skylark Holdings Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Skylark Holdings 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.
TSE:3197 vs MCD, SBUX, YUM: Beneish M-Score Comparison
For the Restaurants subindustry, Skylark Holdings 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.
Skylark Holdings Co Beneish M-Score vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Skylark Holdings Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Skylark Holdings 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 Skylark Holdings 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 * 1.0155
+
0.528 * 1.008
+
0.404 * 0.9199
+
0.892 * 1.1202
+
0.115 * 0.9911
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9752
+
4.679 * -0.114772
-
0.327 * 1.0056
=
-2.92
* 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))
=
(48295 / (48295 + 212174))
/
(53129 / (53129 + 230866))
=
0.185416
/
0.187077
=
0.9911
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
=
(17911 - 0
-
77725)
/
521157
=
-0.114772
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.
Skylark Holdings Co has a M-score of -2.92 suggests that the company is unlikely to be a manipulator.
Skylark Holdings Co (TSE:3197) has a Beneish M-Score of -2.92 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Skylark Holdings Co and its competitors. According to the industry distribution chart, Skylark Holdings Co ranks #132 out of 355 companies in the Restaurants industry, placing it in the top 37.2%.
Is Skylark Holdings Co's Beneish M-Score too high?
Skylark Holdings Co's current Beneish M-Score is -2.92. Based on the distribution chart, Skylark Holdings Co ranks #132 out of 355 companies in the Restaurants industry, which is above the industry midpoint. Overall, Skylark Holdings Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Skylark Holdings Co's Beneish M-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Skylark Holdings Co ranks #132 out of 355 companies for Beneish M-Score. This puts Skylark Holdings 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 Restaurants company?
A good Beneish M-Score depends on the Restaurants 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 Skylark Holdings Co and its competitors. Skylark Holdings Co's current Beneish M-Score is -2.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Skylark Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Skylark Holdings Co (TSE:3197) is currently considered Fairly Valued. The stock's GF Value™ is 円3,066.33, compared to a current price of 円2,946.50 — trading 3.9% below its estimated fair value. The current Beneish M-Score is -2.92. Skylark Holdings Co's overall GF Score™ is 82/100 with 2 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 Skylark Holdings Co (TSE:3197), the current Beneish M-Score is -2.92 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.
Is Skylark Holdings Co (TSE:3197) Overvalued in 2026?
Based on GuruFocus' analysis, Skylark Holdings Co stock appears to be undervalued.
The current stock price of 円2,946.50 is trading 3.9% below its estimated GF Value™ of 円3,066.33.
GuruFocus considers Skylark Holdings Co to be Fairly Valued.
Key valuation signals for TSE:3197:
Beneish M-Score: -2.92
GF Value™: 円3,066.33 vs. price of 円2,946.50 (3.9% below fair value)
No single metric tells the full story. See the TSE:3197 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Skylark Holdings Co Ltd is engaged in the restaurant business through its group of brands, including Gusto, Bamiyan, Shabu-Yo, Jonathan's, Yumean, Steak Gusto, and Sukesan. The company operates a single reportable segment, the Restaurant Business, which provides table service to general consumers through various restaurant formats. The business involves sourcing, cooking, and delivering ingredients to stores, maintaining similar economic characteristics across its operations.
82GF Score
Get the complete analysis for TSE:3197
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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