Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 -2.84 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for GMO Globalsign Holdings KK's Beneish M-Score or its related term are showing as below:
TSE:3788'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.12 Med: -2.82 Max: -2.59
Current: -2.84
During the past 13 years, the highest Beneish M-Score of GMO Globalsign Holdings KK was -2.59. The lowest was -3.12. And the median was -2.82.
GMO Globalsign Holdings KK Beneish M-Score Related Terms
GMO Globalsign Holdings KK 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:3788 vs IBM, ACN, FISV: Beneish M-Score Comparison
For the Information Technology Services subindustry, GMO Globalsign Holdings KK'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.
GMO Globalsign Holdings KK Beneish M-Score vs Software Industry
For the Software industry and Technology sector, GMO Globalsign Holdings KK's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where GMO Globalsign Holdings KK's Beneish M-Score falls into.
GMO Globalsign Holdings KK 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 GMO Globalsign Holdings KK 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 * 1.0137
+
0.528 * 1.0196
+
0.404 * 0.9893
+
0.892 * 1.0785
+
0.115 * 0.8966
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.096864
-
0.327 * 0.9574
=
-2.84
* 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))
=
(1578.395 / (1578.395 + 1295.977))
/
(1713.229 / (1713.229 + 1084.203))
=
0.549127
/
0.612429
=
0.8966
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
=
(1005.193 - 0
-
2842.049)
/
18963.165
=
-0.096864
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.
GMO Globalsign Holdings KK has a M-score of -2.84 suggests that the company is unlikely to be a manipulator.
GMO Globalsign Holdings KK (TSE:3788) has a Beneish M-Score of -2.84 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on GMO Globalsign Holdings KK and its competitors. According to the industry distribution chart, GMO Globalsign Holdings KK ranks #790 out of 2628 companies in the Software industry, placing it in the top 30.1%.
Is GMO Globalsign Holdings KK's Beneish M-Score too high?
GMO Globalsign Holdings KK's current Beneish M-Score is -2.84. Based on the distribution chart, GMO Globalsign Holdings KK ranks #790 out of 2628 companies in the Software industry, which is above the industry midpoint. Overall, GMO Globalsign Holdings KK has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GMO Globalsign Holdings KK's Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, GMO Globalsign Holdings KK ranks #790 out of 2628 companies for Beneish M-Score. This puts GMO Globalsign Holdings KK 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 GMO Globalsign Holdings KK and its competitors. GMO Globalsign Holdings KK's current Beneish M-Score is -2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GMO Globalsign Holdings KK stock overvalued right now?
Based on GuruFocus' analysis, GMO Globalsign Holdings KK (TSE:3788) is currently considered Significantly Undervalued. The stock's GF Value™ is 円3,396.70, compared to a current price of 円2,208.00 — trading 35% below its estimated fair value. The current Beneish M-Score is -2.84. GMO Globalsign Holdings KK's overall GF Score™ is 76/100 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 GMO Globalsign Holdings KK (TSE:3788), the current Beneish M-Score is -2.84 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 GMO Globalsign Holdings KK (TSE:3788) Overvalued in 2026?
Based on GuruFocus' analysis, GMO Globalsign Holdings KK stock appears to be undervalued.
The current stock price of 円2,208.00 is trading 35% below its estimated GF Value™ of 円3,396.70.
GuruFocus considers GMO Globalsign Holdings KK to be Significantly Undervalued.
Key valuation signals for TSE:3788:
Beneish M-Score: -2.84
GF Value™: 円3,396.70 vs. price of 円2,208.00 (35% below fair value)
No single metric tells the full story. See the TSE:3788 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GMO Globalsign Holdings KK is engaged in the development and operation of various internet solutions centred on cloud and hosting services and security services. It is organized into four business areas - IoT business, Cloud/Hosting business, Security/ID Management business, and Solutions business. The company offers a wide range of hosting services from rental server to cloud, direct sales and sales through distributors. In the ID management business, the company provides a cloud type ID service that realizes user ID management, access control, and single sign-on.
76GF Score
Get the complete analysis for TSE:3788
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:3788 has been successfully added to your 
