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AplixTSE:3727 -1.37%49 Beneish M-Score is -2.75 as of Jul. 14, 2026. GuruFocus rates TSE:3727 with a GF Score™ of 49/100 and a GF Value™ of 円61.59 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,631 Software companies, Aplix ranks better than 64.73% 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 -2.75 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Aplix's Beneish M-Score or its related term are showing as below:
TSE:3727'
s Beneish M-Score Range Over the Past 10 Years
Min: -9.18 Med: -2.56 Max: 9.72
Current: -2.75
During the past 13 years, the highest Beneish M-Score of Aplix was 9.72. The lowest was -9.18. And the median was -2.56.
Aplix Beneish M-Score Related Terms
Aplix Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Aplix'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:3727 vs UBER, SHOP, CRM: Beneish M-Score Comparison
For the Software - Application subindustry, Aplix'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.
Aplix Beneish M-Score vs Software Industry
For the Software industry and Technology sector, Aplix's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Aplix'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 Aplix 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 * 1.5271
+
0.528 * 0.861
+
0.404 * 0.9542
+
0.892 * 0.4957
+
0.115 * 1.0982
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.4946
+
4.679 * -0.028638
-
0.327 * 1.0275
=
-2.75
* 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))
=
(35.824 / (35.824 + 24.273))
/
(63.911 / (63.911 + 53.829))
=
0.596103
/
0.542815
=
1.0982
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
=
(-5.898 - 0
-
91.901)
/
3415.004
=
-0.028638
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.
Aplix has a M-score of -2.75 suggests that the company is unlikely to be a manipulator.
Aplix (TSE:3727) has a Beneish M-Score of -2.75 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Aplix and its competitors. According to the industry distribution chart, Aplix ranks #928 out of 2631 companies in the Software industry, placing it in the top 35.3%.
Is Aplix's Beneish M-Score too high?
Aplix's current Beneish M-Score is -2.75. Based on the distribution chart, Aplix ranks #928 out of 2631 companies in the Software industry, which is above the industry midpoint. Overall, Aplix has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aplix's Beneish M-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Aplix ranks #928 out of 2631 companies for Beneish M-Score. This puts Aplix 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 Software company?
A good Beneish M-Score depends on the Software 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 Aplix and its competitors. Aplix's current Beneish M-Score is -2.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aplix stock overvalued right now?
Based on GuruFocus' analysis, Aplix (TSE:3727) is currently considered Significantly Overvalued. The stock's GF Value™ is 円61.59, compared to a current price of 円144.00 — trading 133.8% above its estimated fair value. The current Beneish M-Score is -2.75. Aplix's overall GF Score™ is 49/100 with 1 warning sign 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 Aplix (TSE:3727), the current Beneish M-Score is -2.75 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 Aplix (TSE:3727) Overvalued in 2026?
Based on GuruFocus' analysis, Aplix stock appears to be overvalued.
The current stock price of 円144.00 is trading 133.8% above its estimated GF Value™ of 円61.59.
GuruFocus considers Aplix to be Significantly Overvalued.
Key valuation signals for TSE:3727:
Beneish M-Score: -2.75
GF Value™: 円61.59 vs. price of 円144.00 (133.8% above fair value)
No single metric tells the full story. See the TSE:3727 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aplix Corp is a Japan-based company engaged in the technology business. It specializes in developing technologies that connect various devices to the Internet of Things (IoT), enhancing convenience and quality of life for its customers. The company offers a range of services including stock business solutions and system development, focusing on custom development and support services. The product portfolio includes cloud services, AI-enabled dash cameras, and IoT data communication services, catering to diverse client needs. The company aims to provide reliable solutions for sectors such as manufacturing, mobility, smart homes, healthcare, and infrastructure.
49GF Score
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