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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 -2.58 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Comforia Residential REIT's Beneish M-Score or its related term are showing as below:
TSE:3282'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.86 Med: -2.47 Max: -2.01
Current: -2.58
During the past 13 years, the highest Beneish M-Score of Comforia Residential REIT was -2.01. The lowest was -2.86. And the median was -2.47.
Comforia Residential REIT Beneish M-Score Related Terms
Comforia Residential REIT Beneish M-Score Historical Data
* 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:3282 vs AVB, EQR, ESS: Beneish M-Score Comparison
For the REIT - Residential subindustry, Comforia Residential REIT'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.
Comforia Residential REIT Beneish M-Score vs REITs Industry
For the REITs industry and Real Estate sector, Comforia Residential REIT's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Comforia Residential REIT'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 Comforia Residential REIT 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 * 0.8847
+
0.528 * 0.9938
+
0.404 * 0.9366
+
0.892 * 1.1076
+
0.115 * 1.018
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9569
+
4.679 * -0.013837
-
0.327 * 1.0208
=
-2.58
* 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))
=
(3162.22 / (3162.22 + 309879.143))
/
(3329.178 / (3329.178 + 332164.437))
=
0.010102
/
0.009923
=
1.018
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
=
(9706.3 - 0
-
14647.928)
/
357131.306
=
-0.013837
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.
Comforia Residential REIT has a M-score of -2.58 suggests that the company is unlikely to be a manipulator.
Comforia Residential REIT (TSE:3282) has a Beneish M-Score of -2.58 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Comforia Residential REIT and its competitors. According to the industry distribution chart, Comforia Residential REIT ranks #308 out of 758 companies in the REITs industry, placing it in the top 40.6%.
Is Comforia Residential REIT's Beneish M-Score too high?
Comforia Residential REIT's current Beneish M-Score is -2.58. Based on the distribution chart, Comforia Residential REIT ranks #308 out of 758 companies in the REITs industry, which is above the industry midpoint. Overall, Comforia Residential REIT has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Comforia Residential REIT's Beneish M-Score compare to AVB and EQR?
According to the REITs industry distribution chart, Comforia Residential REIT ranks #308 out of 758 companies for Beneish M-Score. This puts Comforia Residential REIT 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 REITs company?
A good Beneish M-Score depends on the REITs 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 Comforia Residential REIT and its competitors. Comforia Residential REIT's current Beneish M-Score is -2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comforia Residential REIT stock overvalued right now?
Based on GuruFocus' analysis, Comforia Residential REIT (TSE:3282) is currently considered Modestly Undervalued. The stock's GF Value™ is 円118,500.10, compared to a current price of 円105,100.00 — trading 11.3% below its estimated fair value. The current Beneish M-Score is -2.58. Comforia Residential REIT's overall GF Score™ is 66/100 with 8 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 Comforia Residential REIT (TSE:3282), the current Beneish M-Score is -2.58 as of Jul. 14, 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 Comforia Residential REIT (TSE:3282) Overvalued in 2026?
Based on GuruFocus' analysis, Comforia Residential REIT stock appears to be undervalued.
The current stock price of 円105,100.00 is trading 11.3% below its estimated GF Value™ of 円118,500.10.
GuruFocus considers Comforia Residential REIT to be Modestly Undervalued.
Key valuation signals for TSE:3282:
Beneish M-Score: -2.58
GF Value™: 円118,500.10 vs. price of 円105,100.00 (11.3% below fair value)
No single metric tells the full story. See the TSE:3282 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Comforia Residential REIT Inc is a Japan-based residential real estate investment trust. The company is engaged in investment in residential real estates for lease, real estate backed assets and general leasing properties. It offers leasing properties for singles and small families. The REIT invests in leasing properties located in Tokyo metropolitan and other residential properties in communities in other cities.
66GF Score
Get the complete analysis for TSE:3282
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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