BeeX (TSE:4270) Beneish M-Score: -2.05 (As of Jun. 27, 2026)


TSE:4270 BeeX Inc TSE:4270
80 GF Score
Price 円1,810.00
GF Value 円4,109.16
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is BeeX Beneish M-Score?

BeeX TSE:4270 -0.49% 80 Beneish M-Score is -2.05 as of Jun. 27, 2026. GuruFocus rates TSE:4270 with a GF Score™ of 80/100 and a GF Value™ of 円4,109.16 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,634 Software companies, BeeX ranks worse than 74.6% 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 -2.05 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for BeeX's Beneish M-Score or its related term are showing as below:

TSE:4270' s Beneish M-Score Range Over the Past 10 Years
Min: -2.9   Med: -2.28   Max: -2.01
Current: -2.05

During the past 7 years, the highest Beneish M-Score of BeeX was -2.01. The lowest was -2.90. And the median was -2.28.

BeeX Beneish M-Score Historical Data

* Premium members only.

The historical data trend for BeeX'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.

BeeX Beneish M-Score Chart

BeeX Annual Data
Trend Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Beneish M-Score
Get a 7-Day Free Trial -2.50 -2.01 -2.90 -2.28 -2.05

BeeX Semi-Annual Data
Feb20 Feb21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -2.90 0.00 -2.28 0.00 -2.05

TSE:4270 vs MSFT, ORCL, PLTR: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, BeeX'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.

BeeX Beneish M-Score vs Software Industry

For the Software industry and Technology sector, BeeX's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where BeeX's Beneish M-Score falls into.


TSE:4270
80GF Score
BeeX Inc TSE:4270
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BeeX 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 BeeX 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 * 1.0532+0.528 * 1.0908+0.404 * 0.7252+0.892 * 1.1481+0.115 * 0.9136
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.026958-0.327 * 0.9284
=-2.05

* 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 (Feb26) TTM:Last Year (Feb25) TTM:
Total Receivables was 円2,117 Mil.
Revenue was 円10,626 Mil.
Gross Profit was 円1,807 Mil.
Total Current Assets was 円5,521 Mil.
Total Assets was 円5,792 Mil.
Property, Plant and Equipment(Net PPE) was 円115 Mil.
Depreciation, Depletion and Amortization(DDA) was 円68 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円2,696 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Net Income was 円453 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円297 Mil.
 Total Receivables was 円1,751 Mil.
Revenue was 円9,256 Mil.
Gross Profit was 円1,717 Mil.
Total Current Assets was 円4,885 Mil.
Total Assets was 円5,193 Mil.
Property, Plant and Equipment(Net PPE) was 円116 Mil.
Depreciation, Depletion and Amortization(DDA) was 円59 Mil.
Selling, General, & Admin. Expense(SGA) was 円157 Mil.
Total Current Liabilities was 円2,604 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)
=(2116.802 / 10626.073) / (1750.733 / 9255.65)
=0.199208 / 0.189153
=1.0532

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)
=(1717.065 / 9255.65) / (1807.139 / 10626.073)
=0.185515 / 0.170066
=1.0908

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 - (5520.712 + 115.353) / 5791.697) / (1 - (4885.231 + 115.593) / 5193.271)
=0.026872 / 0.037057
=0.7252

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
=10626.073 / 9255.65
=1.1481

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))
=(59.106 / (59.106 + 115.593)) / (67.847 / (67.847 + 115.353))
=0.33833 / 0.370344
=0.9136

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 / 10626.073) / (156.743 / 9255.65)
=0 / 0.016935
=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 + 2696.243) / 5791.697) / ((0 + 2604.032) / 5193.271)
=0.465536 / 0.501424
=0.9284

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
=(452.943 - 0 - 296.809) / 5791.697
=0.026958

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.

BeeX has a M-score of -2.05 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.05 mean?
BeeX (TSE:4270) has a Beneish M-Score of -2.05 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on BeeX and its competitors. According to the industry distribution chart, BeeX ranks #1965 out of 2634 companies in the Software industry, placing it in the top 74.6%.
Is BeeX's Beneish M-Score too high?
BeeX's current Beneish M-Score is -2.05. Based on the distribution chart, BeeX ranks #1965 out of 2634 companies in the Software industry, which is below the industry midpoint. Overall, BeeX has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BeeX's Beneish M-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, BeeX ranks #1965 out of 2634 companies for Beneish M-Score. This places BeeX 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 BeeX and its competitors. BeeX's current Beneish M-Score is -2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BeeX stock overvalued right now?
Based on GuruFocus' analysis, BeeX (TSE:4270) is currently considered Significantly Undervalued. The stock's GF Value™ is 円4,109.16, compared to a current price of 円1,810.00 — trading 56% below its estimated fair value. The current Beneish M-Score is -2.05. BeeX's overall GF Score™ is 80/100 with 2 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 BeeX (TSE:4270), the current Beneish M-Score is -2.05 as of Jun. 27, 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 BeeX (TSE:4270) Overvalued in 2026?

Based on GuruFocus' analysis, BeeX stock appears to be undervalued. The current stock price of 円1,810.00 is trading 56% below its estimated GF Value™ of 円4,109.16. GuruFocus considers BeeX to be Significantly Undervalued.

Key valuation signals for TSE:4270:

  • Beneish M-Score: -2.05
  • GF Value™: 円4,109.16 vs. price of 円1,810.00 (56% below fair value)
  • GF Score™: 80/100 with 2 warning signs

No single metric tells the full story. See the TSE:4270 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

BeeX Business Description

Address 7-14-13 Ginza, 10th Floor, Ginza Building, Chuo-ku, Tokyo, JPN, 104-0061
BeeX Inc provides cloud integration and related services for enterprise systems. It mainly operates in the cloud solutions space, offering services that support the migration, operation, and management of a company's core system infrastructure from on-premise environments to the cloud. In particular, it specializes in cloud migration and the construction of SAP systems. The company also monitors, operates, and maintains the virtual servers and networks of systems built in a cloud environment on behalf of the client. This also includes monitoring of various resources such as CPU, memory, disk usage, and network traffic volume. Additionally, the company is involved in the sales of cloud and other software licenses.
80GF Score

Get the complete analysis for TSE:4270

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

円1,810.00
Price
円4,109.16
GF Value