Cyber Security Cloud (TSE:4493) Beneish M-Score: -2.29 (As of Jun. 26, 2026)


TSE:4493 Cyber Security Cloud Inc TSE:4493
86 GF Score
Price 円1,675.00
GF Value 円3,224.01
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Cyber Security Cloud Beneish M-Score?

Cyber Security Cloud TSE:4493 +0.84% 86 Beneish M-Score is -2.29 as of Jun. 26, 2026. GuruFocus rates TSE:4493 with a GF Score™ of 86/100 and a GF Value™ of 円3,224.01 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,634 Software companies, Cyber Security Cloud ranks worse than 65.53% 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 -2.29 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:4493' s Beneish M-Score Range Over the Past 10 Years
Min: -2.89   Med: -2.17   Max: -0.72
Current: -2.29

During the past 9 years, the highest Beneish M-Score of Cyber Security Cloud was -0.72. The lowest was -2.89. And the median was -2.17.


Cyber Security Cloud Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Cyber Security Cloud'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.

Cyber Security Cloud Beneish M-Score Chart

Cyber Security Cloud Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only -2.89 -2.16 -2.43 -2.17 -2.29

Cyber Security Cloud Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Dec25 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.17 0.00 0.00 -2.29 0.00

TSE:4493 vs MSFT, ORCL, PLTR: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, Cyber Security Cloud'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.


Cyber Security Cloud Beneish M-Score vs Software Industry

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

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


TSE:4493
86GF Score
Cyber Security Cloud Inc TSE:4493
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cyber Security Cloud 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 Cyber Security Cloud 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 * 1.0204+0.528 * 0.9966+0.404 * 0.8154+0.892 * 1.318+0.115 * 0.6595
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.031243-0.327 * 0.5547
=-2.29

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was 円550 Mil.
Revenue was 円5,085 Mil.
Gross Profit was 円3,334 Mil.
Total Current Assets was 円4,681 Mil.
Total Assets was 円5,833 Mil.
Property, Plant and Equipment(Net PPE) was 円157 Mil.
Depreciation, Depletion and Amortization(DDA) was 円125 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円1,213 Mil.
Long-Term Debt & Capital Lease Obligation was 円178 Mil.
Net Income was 円822 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円1,004 Mil.
Total Receivables was 円409 Mil.
Revenue was 円3,858 Mil.
Gross Profit was 円2,521 Mil.
Total Current Assets was 円2,212 Mil.
Total Assets was 円3,016 Mil.
Property, Plant and Equipment(Net PPE) was 円173 Mil.
Depreciation, Depletion and Amortization(DDA) was 円72 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円1,020 Mil.
Long-Term Debt & Capital Lease Obligation was 円276 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)
=(550.07 / 5084.678) / (409 / 3857.729)
=0.108182 / 0.106021
=1.0204

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)
=(2520.573 / 3857.729) / (3333.608 / 5084.678)
=0.653383 / 0.655618
=0.9966

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 - (4680.965 + 157.271) / 5833.137) / (1 - (2212.246 + 173.257) / 3016.447)
=0.17056 / 0.209168
=0.8154

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
=5084.678 / 3857.729
=1.318

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))
=(71.594 / (71.594 + 173.257)) / (125.256 / (125.256 + 157.271))
=0.292398 / 0.443342
=0.6595

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 / 5084.678) / (0 / 3857.729)
=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)
=((177.938 + 1212.72) / 5833.137) / ((276.494 + 1020.003) / 3016.447)
=0.238407 / 0.429809
=0.5547

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
=(821.903 - 0 - 1004.149) / 5833.137
=-0.031243

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.

Cyber Security Cloud has a M-score of -2.29 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 -2.29 mean?
Cyber Security Cloud (TSE:4493) has a Beneish M-Score of -2.29 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Cyber Security Cloud and its competitors. According to the industry distribution chart, Cyber Security Cloud ranks #1726 out of 2634 companies in the Software industry, placing it in the top 65.5%.
Is Cyber Security Cloud's Beneish M-Score too high?
Cyber Security Cloud's current Beneish M-Score is -2.29. Based on the distribution chart, Cyber Security Cloud ranks #1726 out of 2634 companies in the Software industry, which is below the industry midpoint. Overall, Cyber Security Cloud has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cyber Security Cloud's Beneish M-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Cyber Security Cloud ranks #1726 out of 2634 companies for Beneish M-Score. This places Cyber Security Cloud 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 Cyber Security Cloud and its competitors. Cyber Security Cloud's current Beneish M-Score is -2.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cyber Security Cloud stock overvalued right now?
Based on GuruFocus' analysis, Cyber Security Cloud (TSE:4493) is currently considered Significantly Undervalued. The stock's GF Value™ is 円3,224.01, compared to a current price of 円1,675.00 — trading 48% below its estimated fair value. The current Beneish M-Score is -2.29. Cyber Security Cloud's overall GF Score™ is 86/100 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 Cyber Security Cloud (TSE:4493), the current Beneish M-Score is -2.29 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 Cyber Security Cloud (TSE:4493) Overvalued in 2026?

Based on GuruFocus' analysis, Cyber Security Cloud stock appears to be undervalued. The current stock price of 円1,675.00 is trading 48% below its estimated GF Value™ of 円3,224.01. GuruFocus considers Cyber Security Cloud to be Significantly Undervalued.

Key valuation signals for TSE:4493:

  • Beneish M-Score: -2.29
  • GF Value™: 円3,224.01 vs. price of 円1,675.00 (48% below fair value)
  • GF Score™: 86/100 with 1 warning sign

No single metric tells the full story. See the TSE:4493 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cyber Security Cloud Business Description

Address 3-9-19 Higashi, VORT Ebisu maxim, 3rd Floor, Shibuya-ku, Tokyo, JPN, 150-0011
Cyber Security Cloud Inc is a Japanese based cyber security company. It is engaged in the development and provision of cyber security services utilizing AI technology.
86GF Score

Get the complete analysis for TSE:4493

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

円1,675.00
Price
円3,224.01
GF Value