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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 -2.14 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Septeni Holdings Co's Beneish M-Score or its related term are showing as below:
TSE:4293'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.87 Med: -2.33 Max: -1.02
Current: -2.14
During the past 13 years, the highest Beneish M-Score of Septeni Holdings Co was -1.02. The lowest was -2.87. And the median was -2.33.
Septeni Holdings Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Septeni Holdings 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:4293 vs APP, OMC, TTD: Beneish M-Score Comparison
For the Advertising Agencies subindustry, Septeni Holdings 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.
Septeni Holdings Co Beneish M-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Septeni Holdings Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Septeni Holdings 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 Septeni Holdings 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 * 1.6191
+
0.528 * 0.9825
+
0.404 * 0.9363
+
0.892 * 0.8222
+
0.115 * 0.879
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9029
+
4.679 * 0.002842
-
0.327 * 1.1672
=
-2.14
* 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))
=
(712.298 / (712.298 + 1517.395))
/
(534.537 / (534.537 + 936.297))
=
0.31946
/
0.363424
=
0.879
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
=
(4289.246 - 0
-
4018.688)
/
95189.868
=
0.002842
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.
Septeni Holdings Co has a M-score of -2.14 suggests that the company is unlikely to be a manipulator.
Septeni Holdings Co (TSE:4293) has a Beneish M-Score of -2.14 as of Aug. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Septeni Holdings Co and its competitors. According to the industry distribution chart, Septeni Holdings Co ranks #715 out of 969 companies in the Media - Diversified industry, placing it in the top 73.8%.
Is Septeni Holdings Co's Beneish M-Score too high?
Septeni Holdings Co's current Beneish M-Score is -2.14. Based on the distribution chart, Septeni Holdings Co ranks #715 out of 969 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Septeni Holdings Co has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Septeni Holdings Co's Beneish M-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Septeni Holdings Co ranks #715 out of 969 companies for Beneish M-Score. This places Septeni Holdings Co 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Septeni Holdings Co and its competitors. Septeni Holdings Co's current Beneish M-Score is -2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Septeni Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Septeni Holdings Co (TSE:4293) is currently considered Significantly Overvalued. The stock's GF Value™ is 円359.39, compared to a current price of 円510.00 — trading 41.9% above its estimated fair value. The current Beneish M-Score is -2.14. Septeni Holdings Co's overall GF Score™ is 62/100 with 4 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 Septeni Holdings Co (TSE:4293), the current Beneish M-Score is -2.14 as of Aug. 11, 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 Septeni Holdings Co (TSE:4293) Overvalued in 2026?
Based on GuruFocus' analysis, Septeni Holdings Co stock appears to be overvalued.
The current stock price of 円510.00 is trading 41.9% above its estimated GF Value™ of 円359.39.
GuruFocus considers Septeni Holdings Co to be Significantly Overvalued.
Key valuation signals for TSE:4293:
Beneish M-Score: -2.14
GF Value™: 円359.39 vs. price of 円510.00 (41.9% above fair value)
No single metric tells the full story. See the TSE:4293 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Septeni Holdings Co Ltd is a Japan-based digital marketing company specializing in internet advertising and marketing support services. The company operates through four segments: Marketing Communications, Direct Business, Data Solutions, and Other Businesses. Its core Marketing Communications segment provides integrated digital advertising and marketing solutions that support clients digital transformation (DX) efforts. The Direct Business segment combines offline and digital channels to deliver customer acquisition, direct marketing, and CRM services for B2C and B2B clients. Geographically, the company operates in the United Kingdom, South Korea, and the United States through its subsidiaries.
62GF Score
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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