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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 -2.95 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Alleanza Holdings Co's Beneish M-Score or its related term are showing as below:
TSE:3546'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.06 Med: -2.6 Max: 0.31
Current: -2.95
During the past 13 years, the highest Beneish M-Score of Alleanza Holdings Co was 0.31. The lowest was -3.06. And the median was -2.60.
Alleanza Holdings Co Beneish M-Score Related Terms
Alleanza Holdings Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Alleanza 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:3546 vs HD, LOW, FND: Beneish M-Score Comparison
For the Home Improvement Retail subindustry, Alleanza 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.
Alleanza Holdings Co Beneish M-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Alleanza Holdings Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Alleanza 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 Alleanza 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 * 1.0015
+
0.528 * 0.9483
+
0.404 * 0.9683
+
0.892 * 0.9821
+
0.115 * 0.93
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9841
+
4.679 * -0.088068
-
0.327 * 0.9842
=
-2.95
* 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))
=
(3441 / (3441 + 38445))
/
(3723 / (3723 + 38421))
=
0.082152
/
0.08834
=
0.93
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
=
(2544 - 0
-
10432)
/
89567
=
-0.088068
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.
Alleanza Holdings Co has a M-score of -2.95 suggests that the company is unlikely to be a manipulator.
Alleanza Holdings Co (TSE:3546) has a Beneish M-Score of -2.95 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Alleanza Holdings Co and its competitors. According to the industry distribution chart, Alleanza Holdings Co ranks #269 out of 1083 companies in the Retail - Cyclical industry, placing it in the top 24.8%.
Is Alleanza Holdings Co's Beneish M-Score too high?
Alleanza Holdings Co's current Beneish M-Score is -2.95. Based on the distribution chart, Alleanza Holdings Co ranks #269 out of 1083 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Alleanza Holdings Co has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alleanza Holdings Co's Beneish M-Score compare to HD and LOW?
According to the Retail - Cyclical industry distribution chart, Alleanza Holdings Co ranks #269 out of 1083 companies for Beneish M-Score. This places Alleanza Holdings Co in the top 25% of its industry — outperforming the majority of peers. 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 Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 Alleanza Holdings Co and its competitors. Alleanza Holdings Co's current Beneish M-Score is -2.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alleanza Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Alleanza Holdings Co (TSE:3546) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,059.85, compared to a current price of 円1,455.00 — trading 37.3% above its estimated fair value. The current Beneish M-Score is -2.95. Alleanza Holdings Co's overall GF Score™ is 36/100 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 Alleanza Holdings Co (TSE:3546), the current Beneish M-Score is -2.95 as of Jul. 15, 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 Alleanza Holdings Co (TSE:3546) Overvalued in 2026?
Based on GuruFocus' analysis, Alleanza Holdings Co stock appears to be overvalued.
The current stock price of 円1,455.00 is trading 37.3% above its estimated GF Value™ of 円1,059.85.
GuruFocus considers Alleanza Holdings Co to be Significantly Overvalued.
Key valuation signals for TSE:3546:
Beneish M-Score: -2.95
GF Value™: 円1,059.85 vs. price of 円1,455.00 (37.3% above fair value)
No single metric tells the full story. See the TSE:3546 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alleanza Holdings Co Ltd is a Japan-based company. Along with its subsidiaries, it is engaged in the management of group business including management operations, home improvement business, real estate business, and pet business.
36GF Score
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