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 -2.63 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Konoshima Chemical Co's Beneish M-Score or its related term are showing as below:
TSE:4026'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.98 Med: -2.64 Max: -2.49
Current: -2.63
During the past 13 years, the highest Beneish M-Score of Konoshima Chemical Co was -2.49. The lowest was -2.98. And the median was -2.64.
Konoshima Chemical Co Beneish M-Score Related Terms
Konoshima Chemical Co Beneish M-Score Historical Data
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The historical data trend for Konoshima Chemical 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:4026 vs TT, JCI, CARR: Beneish M-Score Comparison
For the Building Products & Equipment subindustry, Konoshima Chemical 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.
Konoshima Chemical Co Beneish M-Score vs Construction Industry
For the Construction industry and Industrials sector, Konoshima Chemical Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Konoshima Chemical 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 Konoshima Chemical 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 * 1.0565
+
0.528 * 0.8735
+
0.404 * 1.0439
+
0.892 * 1.022
+
0.115 * 0.9995
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9935
+
4.679 * -0.042412
-
0.327 * 0.9142
=
-2.63
* 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))
=
(1978 / (1978 + 17165))
/
(1977 / (1977 + 17147))
=
0.103328
/
0.103378
=
0.9995
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
=
(1850 - 0
-
3156)
/
30793
=
-0.042412
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.
Konoshima Chemical Co has a M-score of -2.63 suggests that the company is unlikely to be a manipulator.
Konoshima Chemical Co (TSE:4026) has a Beneish M-Score of -2.63 as of Jul. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Konoshima Chemical Co and its competitors. According to the industry distribution chart, Konoshima Chemical Co ranks #660 out of 1698 companies in the Construction industry, placing it in the top 38.9%.
Is Konoshima Chemical Co's Beneish M-Score too high?
Konoshima Chemical Co's current Beneish M-Score is -2.63. Based on the distribution chart, Konoshima Chemical Co ranks #660 out of 1698 companies in the Construction industry, which is above the industry midpoint. Overall, Konoshima Chemical Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Konoshima Chemical Co's Beneish M-Score compare to TT and JCI?
According to the Construction industry distribution chart, Konoshima Chemical Co ranks #660 out of 1698 companies for Beneish M-Score. This puts Konoshima Chemical 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Konoshima Chemical Co and its competitors. Konoshima Chemical Co's current Beneish M-Score is -2.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Konoshima Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Konoshima Chemical Co (TSE:4026) is currently considered Fairly Valued. The stock's GF Value™ is 円1,679.35, compared to a current price of 円1,573.00 — trading 6.3% below its estimated fair value. The current Beneish M-Score is -2.63. Konoshima Chemical Co's overall GF Score™ is 72/100 with 6 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 Konoshima Chemical Co (TSE:4026), the current Beneish M-Score is -2.63 as of Jul. 12, 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 Konoshima Chemical Co (TSE:4026) Overvalued in 2026?
Based on GuruFocus' analysis, Konoshima Chemical Co stock appears to be undervalued.
The current stock price of 円1,573.00 is trading 6.3% below its estimated GF Value™ of 円1,679.35.
GuruFocus considers Konoshima Chemical Co to be Fairly Valued.
Key valuation signals for TSE:4026:
Beneish M-Score: -2.63
GF Value™: 円1,679.35 vs. price of 円1,573.00 (6.3% below fair value)
No single metric tells the full story. See the TSE:4026 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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