Tera Technology (TSE:483A) Beneish M-Score: -2.45 (As of Jul. 23, 2026)

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TSE:483A Tera Technology Inc TSE:483A
21 GF Score
Price 円2,200.00
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What is Tera Technology Beneish M-Score?

Tera Technology TSE:483A -0.77% 21 Beneish M-Score is -2.45 as of Jul. 23, 2026. GuruFocus rates TSE:483A with a GF Score™ of 21/100. Among 2,630 Software companies, Tera Technology ranks worse than 55.78% 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 -2.45 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:483A' s Beneish M-Score Range Over the Past 10 Years
Min: -2.45   Med: -2.45   Max: -2.45
Current: -2.45

During the past 3 years, the highest Beneish M-Score of Tera Technology was -2.45. The lowest was -2.45. And the median was -2.45.

Tera Technology Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Tera Technology'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.

Tera Technology Beneish M-Score Chart

Tera Technology Annual Data
Trend Mar24 Mar25 Mar26
Beneish M-Score
0.00 0.00 -2.45

Tera Technology Semi-Annual Data
Mar24 Mar25 Sep25 Mar26
Beneish M-Score 0.00 0.00 0.00 -2.45

TSE:483A vs IBM, ACN, FISV: Beneish M-Score Comparison

For the Information Technology Services subindustry, Tera Technology'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.

Tera Technology Beneish M-Score vs Software Industry

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

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


TSE:483A
21GF Score
Tera Technology Inc TSE:483A
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tera Technology 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 Tera Technology 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 * 0.9106+0.528 * 0.9678+0.404 * 0.9755+0.892 * 1.0825+0.115 * 0.9148
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0525+4.679 * 0.009684-0.327 * 0.8731
=-2.45

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was 円758 Mil.
Revenue was 円4,749 Mil.
Gross Profit was 円1,173 Mil.
Total Current Assets was 円3,226 Mil.
Total Assets was 円3,604 Mil.
Property, Plant and Equipment(Net PPE) was 円47 Mil.
Depreciation, Depletion and Amortization(DDA) was 円20 Mil.
Selling, General, & Admin. Expense(SGA) was 円617 Mil.
Total Current Liabilities was 円808 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Net Income was 円413 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円378 Mil.
 Total Receivables was 円769 Mil.
Revenue was 円4,387 Mil.
Gross Profit was 円1,049 Mil.
Total Current Assets was 円2,994 Mil.
Total Assets was 円3,356 Mil.
Property, Plant and Equipment(Net PPE) was 円46 Mil.
Depreciation, Depletion and Amortization(DDA) was 円18 Mil.
Selling, General, & Admin. Expense(SGA) was 円542 Mil.
Total Current Liabilities was 円861 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)
=(758.354 / 4749.023) / (769.374 / 4387.144)
=0.159686 / 0.17537
=0.9106

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)
=(1048.68 / 4387.144) / (1172.907 / 4749.023)
=0.239035 / 0.246979
=0.9678

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 - (3225.698 + 46.7) / 3604.353) / (1 - (2993.79 + 45.693) / 3356.352)
=0.092098 / 0.094409
=0.9755

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
=4749.023 / 4387.144
=1.0825

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))
=(17.506 / (17.506 + 45.693)) / (20.282 / (20.282 + 46.7))
=0.276998 / 0.302798
=0.9148

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)
=(617.34 / 4749.023) / (541.874 / 4387.144)
=0.129993 / 0.123514
=1.0525

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 + 808.102) / 3604.353) / ((0.46 + 861.396) / 3356.352)
=0.224202 / 0.256784
=0.8731

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
=(412.78 - 0 - 377.876) / 3604.353
=0.009684

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.

Tera Technology has a M-score of -2.45 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 -2.45 mean?
Tera Technology (TSE:483A) has a Beneish M-Score of -2.45 as of Jul. 23, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Tera Technology and its competitors. According to the industry distribution chart, Tera Technology ranks #1467 out of 2630 companies in the Software industry, placing it in the top 55.8%.
Is Tera Technology's Beneish M-Score too high?
Tera Technology's current Beneish M-Score is -2.45. Based on the distribution chart, Tera Technology ranks #1467 out of 2630 companies in the Software industry, which is below the industry midpoint. Overall, Tera Technology has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Tera Technology's Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, Tera Technology ranks #1467 out of 2630 companies for Beneish M-Score. This places Tera Technology 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 Tera Technology and its competitors. Tera Technology's current Beneish M-Score is -2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tera Technology stock overvalued right now?
Tera Technology (TSE:483A) has a current Beneish M-Score of -2.45. The current Beneish M-Score is -2.45. Tera Technology's overall GF Score™ is 21/100. 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 Tera Technology (TSE:483A), the current Beneish M-Score is -2.45 as of Jul. 23, 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.

Tera Technology Business Description

Address 3-4-3 Higashiikebukuro, Ikebukuro East Building, Toshima-ku, Tokyo, JPN, 170-0013
Tera Technology Inc is engaged in Information system construction, operation, and maintenance. It provides comprehensive services, including software development, infrastructure construction, and operation and maintenance after the system goes live. The company's business can be divided into five areas: public, communications, information services, finance, manufacturing, and others.
21GF Score

Get the complete analysis for TSE:483A

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

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