T&S Group (TSE:4055) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


TSE:4055 T&S Group Inc TSE:4055
68 GF Score
Price 円1,927.00
GF Value 円1,981.57
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is T&S Group Beneish M-Score?

T&S Group TSE:4055 +0.73% 68 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates TSE:4055 with a GF Score™ of 68/100 and a GF Value™ of 円1,981.57 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,634 Software companies, T&S Group ranks worse than 37965.03% 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.

The historical rank and industry rank for T&S Group's Beneish M-Score or its related term are showing as below:

During the past 7 years, the highest Beneish M-Score of T&S Group was -2.09. The lowest was -2.37. And the median was -2.19.

T&S Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for T&S Group'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.

T&S Group Beneish M-Score Chart

T&S Group Annual Data
Trend Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Sep24
Beneish M-Score
Get a 7-Day Free Trial -2.37 -2.15 -2.09 -2.22 0.00

T&S Group Semi-Annual Data
Nov18 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.22 0.00 0.00 0.00 0.00

TSE:4055 vs IBM, ACN, FISV: Beneish M-Score Comparison

For the Information Technology Services subindustry, T&S Group'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.

T&S Group Beneish M-Score vs Software Industry

For the Software industry and Technology sector, T&S Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where T&S Group's Beneish M-Score falls into.


TSE:4055
68GF Score
T&S Group Inc TSE:4055
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

T&S Group 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 T&S Group 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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.

This Year (Sep24) TTM:Last Year (Nov23) TTM:
Total Receivables was 円691 Mil.
Revenue was 円0 Mil.
Gross Profit was 円0 Mil.
Total Current Assets was 円2,774 Mil.
Total Assets was 円2,921 Mil.
Property, Plant and Equipment(Net PPE) was 円18 Mil.
Depreciation, Depletion and Amortization(DDA) was 円0 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円424 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Net Income was 円0 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円0 Mil.
 Total Receivables was 円703 Mil.
Revenue was 円3,443 Mil.
Gross Profit was 円1,055 Mil.
Total Current Assets was 円2,452 Mil.
Total Assets was 円2,616 Mil.
Property, Plant and Equipment(Net PPE) was 円19 Mil.
Depreciation, Depletion and Amortization(DDA) was 円5 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円396 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(691.185 / 0) / (703.25 / 3442.875)
= / 0.204262
=

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(1054.874 / 3442.875) / (0 / 0)
=0.306393 /
=

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (2774.116 + 17.566) / 2921.098) / (1 - (2452.145 + 19.481) / 2616.461)
=0.044304 / 0.055355
=

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

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.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=0 / 3442.875
=

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

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))
=(4.819 / (4.819 + 19.481)) / (0 / (0 + 17.566))
=0.198313 / 0
=

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

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(0 / 0) / (0 / 3442.875)
= / 0
=

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((0 + 424.302) / 2921.098) / ((0 + 395.82) / 2616.461)
=0.145254 / 0.151281
=

8. TATA = Total Accruals to Total Assets

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
=(0 - 0 - 0) / 2921.098
=0

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
T&S Group (TSE:4055) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on T&S Group and its competitors. According to the industry distribution chart, T&S Group ranks #999999 out of 2634 companies in the Software industry.
Is T&S Group's Beneish M-Score too high?
T&S Group's current Beneish M-Score is 0.00. Based on the distribution chart, T&S Group ranks #999999 out of 2634 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, T&S Group has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does T&S Group's Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, T&S Group ranks #999999 out of 2634 companies for Beneish M-Score. This places T&S Group in the lower 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 T&S Group and its competitors. T&S Group's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T&S Group stock overvalued right now?
Based on GuruFocus' analysis, T&S Group (TSE:4055) is currently considered Fairly Valued. The stock's GF Value™ is 円1,981.57, compared to a current price of 円1,927.00 — trading 2.8% below its estimated fair value. The current Beneish M-Score is 0.00. T&S Group's overall GF Score™ is 68/100 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 T&S Group (TSE:4055), the current Beneish M-Score is 0.00 as of Jun. 26, 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 T&S Group (TSE:4055) Overvalued in 2026?

Based on GuruFocus' analysis, T&S Group stock appears to be undervalued. The current stock price of 円1,927.00 is trading 2.8% below its estimated GF Value™ of 円1,981.57. GuruFocus considers T&S Group to be Fairly Valued.

Key valuation signals for TSE:4055:

  • Beneish M-Score: 0.00
  • GF Value™: 円1,981.57 vs. price of 円1,927.00 (2.8% below fair value)
  • GF Score™: 68/100 with 1 warning sign

No single metric tells the full story. See the TSE:4055 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

T&S Group Business Description

Address 3-6-3 Minatomirai, MM Park Building 11th floor, Nishi-ku Yokohama, Kanagawa, Yokkaichi, JPN, 220-0012
T&S Group Inc formerly T&S inc is a provider of system development, system operation, maintenance and infrastructure design for companies and semiconductor fabrication plants, Artificial Intelligence(AI) related software development. The company's business is divided into Solution category; Semiconductor category; and Advanced technology solution category. The solution category focuses on contracts (development, operation and maintenance) for corporate customers. The semiconductor category is in charge of overall IT infrastructure operation support such as maintenance and operation services for factory systems and IT help desks. The Advanced Technology Solution Category is used in industrial fields AI, image processing/recognition/machine learning, robots, automated driving.
68GF Score

Get the complete analysis for TSE:4055

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,927.00
Price
円1,981.57
GF Value