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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.
Warning Sign:
Beneish M-Score -1.33 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for AEON Fantasy Co's Beneish M-Score or its related term are showing as below:
TSE:4343'
s Beneish M-Score Range Over the Past 10 Years
Min: -5.49 Med: -3.43 Max: -0.52
Current: -1.33
During the past 13 years, the highest Beneish M-Score of AEON Fantasy Co was -0.52. The lowest was -5.49. And the median was -3.43.
The historical data trend for AEON Fantasy 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:4343 vs AS, HAS, LTH: Beneish M-Score Comparison
For the Leisure subindustry, AEON Fantasy 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.
AEON Fantasy Co Beneish M-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, AEON Fantasy Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where AEON Fantasy 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 AEON Fantasy 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 * 2.9455
+
0.528 * 0.9473
+
0.404 * 0.8984
+
0.892 * 1.0693
+
0.115 * 1.0775
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.137128
-
0.327 * 1.014
=
-1.33
* 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))
=
(10756.289 / (10756.289 + 32873.019))
/
(11087.024 / (11087.024 + 37367.738))
=
0.246538
/
0.228812
=
1.0775
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
=
(2790.686 - 0
-
11598.281)
/
64228.857
=
-0.137128
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.
AEON Fantasy Co has a M-score of -1.33 signals that the company is likely to be a manipulator.
AEON Fantasy Co (TSE:4343) has a Beneish M-Score of -1.33 as of Aug. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on AEON Fantasy Co and its competitors. According to the industry distribution chart, AEON Fantasy Co ranks #745 out of 818 companies in the Travel & Leisure industry, placing it in the top 91.1%.
Is AEON Fantasy Co's Beneish M-Score too high?
AEON Fantasy Co's current Beneish M-Score is -1.33. Based on the distribution chart, AEON Fantasy Co ranks #745 out of 818 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, AEON Fantasy Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AEON Fantasy Co's Beneish M-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, AEON Fantasy Co ranks #745 out of 818 companies for Beneish M-Score. This places AEON Fantasy 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 Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 AEON Fantasy Co and its competitors. AEON Fantasy Co's current Beneish M-Score is -1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AEON Fantasy Co stock overvalued right now?
Based on GuruFocus' analysis, AEON Fantasy Co (TSE:4343) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,132.74, compared to a current price of 円2,762.00 — trading 11.8% below its estimated fair value. The current Beneish M-Score is -1.33. AEON Fantasy Co's overall GF Score™ is 71/100 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 AEON Fantasy Co (TSE:4343), the current Beneish M-Score is -1.33 as of Aug. 01, 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 AEON Fantasy Co (TSE:4343) Overvalued in 2026?
Based on GuruFocus' analysis, AEON Fantasy Co stock appears to be undervalued.
The current stock price of 円2,762.00 is trading 11.8% below its estimated GF Value™ of 円3,132.74.
GuruFocus considers AEON Fantasy Co to be Modestly Undervalued.
Key valuation signals for TSE:4343:
Beneish M-Score: -1.33
GF Value™: 円3,132.74 vs. price of 円2,762.00 (11.8% below fair value)
No single metric tells the full story. See the TSE:4343 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AEON Fantasy Co Ltd creates, manages and promotes indoor theme parks for children under 12 years of age and their families. Its indoor theme parks are located in large shopping centers with the concept of family entertainment. The firm's theme parks are designed with the themes of sharing communication and forest fun with the facilities merry go rounds, interactive games, medal games, card games and other amusement items. It also develops and sells original play equipment and prizes. The company operates only in Japan.
71GF Score
Get the complete analysis for TSE:4343
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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