Mobilus (TSE:4370) Beneish M-Score: -2.07 (As of Jul. 14, 2026)

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TSE:4370 Mobilus Corp TSE:4370
62 GF Score
Price 円308.00
GF Value 円521.92
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Mobilus Beneish M-Score?

Mobilus TSE:4370 -3.45% 62 Beneish M-Score is -2.07 as of Jul. 14, 2026. GuruFocus rates TSE:4370 with a GF Score™ of 62/100 and a GF Value™ of 円521.92 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,631 Software companies, Mobilus ranks worse than 74.27% 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 -2.07 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:4370' s Beneish M-Score Range Over the Past 10 Years
Min: -5.2   Med: -2.63   Max: -2.07
Current: -2.07

During the past 7 years, the highest Beneish M-Score of Mobilus was -2.07. The lowest was -5.20. And the median was -2.63.

Mobilus Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Mobilus'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.

Mobilus Beneish M-Score Chart

Mobilus Annual Data
Trend Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Beneish M-Score
Get a 7-Day Free Trial -2.63 -2.08 -2.99 -5.20 -2.07

Mobilus Semi-Annual Data
Aug19 Aug20 Aug21 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 Premium Member Only 0.00 -5.20 0.00 -2.07 0.00

TSE:4370 vs UBER, SHOP, CRM: Beneish M-Score Comparison

For the Software - Application subindustry, Mobilus'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.

Mobilus Beneish M-Score vs Software Industry

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

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


TSE:4370
62GF Score
Mobilus Corp TSE:4370
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mobilus 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 Mobilus 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 * 1.3267+0.528 * 0.7616+0.404 * 1.7506+0.892 * 1.209+0.115 * 1.945
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.080404-0.327 * 0.9563
=-2.07

* 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 (Aug25) TTM:Last Year (Aug24) TTM:
Total Receivables was 円293 Mil.
Revenue was 円1,855 Mil.
Gross Profit was 円1,253 Mil.
Total Current Assets was 円1,404 Mil.
Total Assets was 円2,229 Mil.
Property, Plant and Equipment(Net PPE) was 円199 Mil.
Depreciation, Depletion and Amortization(DDA) was 円151 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円476 Mil.
Long-Term Debt & Capital Lease Obligation was 円300 Mil.
Net Income was 円91 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円270 Mil.
 Total Receivables was 円183 Mil.
Revenue was 円1,534 Mil.
Gross Profit was 円790 Mil.
Total Current Assets was 円1,602 Mil.
Total Assets was 円1,963 Mil.
Property, Plant and Equipment(Net PPE) was 円46 Mil.
Depreciation, Depletion and Amortization(DDA) was 円243 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円409 Mil.
Long-Term Debt & Capital Lease Obligation was 円306 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)
=(292.769 / 1854.738) / (182.527 / 1534.111)
=0.157849 / 0.118979
=1.3267

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)
=(789.504 / 1534.111) / (1253.241 / 1854.738)
=0.514633 / 0.675697
=0.7616

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 - (1404.465 + 199.047) / 2229.192) / (1 - (1602.472 + 46.044) / 1963.3)
=0.280676 / 0.160334
=1.7506

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
=1854.738 / 1534.111
=1.209

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))
=(242.737 / (242.737 + 46.044)) / (151.494 / (151.494 + 199.047))
=0.840557 / 0.432172
=1.945

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 / 1854.738) / (0 / 1534.111)
=0 / 0
=1

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)
=((300 + 476.346) / 2229.192) / ((305.548 + 409.405) / 1963.3)
=0.348263 / 0.364159
=0.9563

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
=(90.971 - 0 - 270.208) / 2229.192
=-0.080404

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.

Mobilus has a M-score of -2.07 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 -2.07 mean?
Mobilus (TSE:4370) has a Beneish M-Score of -2.07 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Mobilus and its competitors. According to the industry distribution chart, Mobilus ranks #1954 out of 2631 companies in the Software industry, placing it in the top 74.3%.
Is Mobilus' Beneish M-Score too high?
Mobilus' current Beneish M-Score is -2.07. Based on the distribution chart, Mobilus ranks #1954 out of 2631 companies in the Software industry, which is below the industry midpoint. Overall, Mobilus has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mobilus' Beneish M-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Mobilus ranks #1954 out of 2631 companies for Beneish M-Score. This places Mobilus 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 Mobilus and its competitors. Mobilus's current Beneish M-Score is -2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mobilus stock overvalued right now?
Based on GuruFocus' analysis, Mobilus (TSE:4370) is currently considered Significantly Undervalued. The stock's GF Value™ is 円521.92, compared to a current price of 円308.00 — trading 41% below its estimated fair value. The current Beneish M-Score is -2.07. Mobilus' overall GF Score™ is 62/100 with 5 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 Mobilus (TSE:4370), the current Beneish M-Score is -2.07 as of Jul. 14, 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 Mobilus (TSE:4370) Overvalued in 2026?

Based on GuruFocus' analysis, Mobilus stock appears to be undervalued. The current stock price of 円308.00 is trading 41% below its estimated GF Value™ of 円521.92. GuruFocus considers Mobilus to be Significantly Undervalued.

Key valuation signals for TSE:4370:

  • Beneish M-Score: -2.07
  • GF Value™: 円521.92 vs. price of 円308.00 (41% below fair value)
  • GF Score™: 62/100 with 5 warning signs

No single metric tells the full story. See the TSE:4370 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mobilus Business Description

Address 1-1-1 Shibaura, 15th Floor, Hamamatsucho Building, Minato-ku, Tokyo, JPN, 105-0023
Mobilus Corp is the support tech company. It provides proprietary solutions in a cloud environment called SaaS (Software as a Service), mainly for contact centers as well as professional services, including consulting services, data construction services, and customized development services that are essential for realizing customers' ROI (Return on Investment). The company offers in-house services, customer success, SI, and customized development systems for smooth communication with customers and to improve customer experience. Its various products and service offerings include Security Suite, Visual IVR, Mobicast, Mobivoice, Mobibot, Mobiagent, MooA, and others. The company operates in a single segment, the SaaS solutions business.
62GF Score

Get the complete analysis for TSE:4370

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

円308.00
Price
円521.92
GF Value