BP Castrol KK (TSE:5015) Beneish M-Score: -2.40 (As of Jun. 26, 2026)

What is BP Castrol KK Beneish M-Score?

BP Castrol KK TSE:5015 80 Beneish M-Score is -2.40 as of Jun. 26, 2026. GuruFocus rates TSE:5015 with a GF Score™ of 80/100 and a GF Value™ of 円1,119.32 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 822 Oil & Gas companies, BP Castrol KK ranks worse than 67.76% 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 -2.4 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:5015' s Beneish M-Score Range Over the Past 10 Years
Min: -2.77 Med: -2.39 Max: -2.23
Current: -2.4

During the past 13 years, the highest Beneish M-Score of BP Castrol KK was -2.23. The lowest was -2.77. And the median was -2.39.

BP Castrol KK Beneish M-Score Related Terms

BP Castrol KK Beneish M-Score Historical Data

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The historical data trend for BP Castrol KK'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.

BP Castrol KK Beneish M-Score Chart

BP Castrol KK Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.30

-2.33

-2.37

-2.23

-2.40

BP Castrol KK Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															0.00	0.00	0.00	-2.40	0.00

TSE:5015 vs VLO, MPC, PSX: Beneish M-Score Comparison

For the Oil & Gas Refining & Marketing subindustry, BP Castrol KK'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.

BP Castrol KK Beneish M-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, BP Castrol KK's Beneish M-Score distribution charts can be found below:

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

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BP Castrol KK TSE:5015

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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BP Castrol KK 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 BP Castrol KK for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.8978

0.528 * 0.9709

0.404 * 1.0635

0.892 * 1.0759

0.115 * 0.9589

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * 0.011968

0.327 * 0.8541

-2.40

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was 円10,069 Mil.
Revenue was 円14,690 Mil.
Gross Profit was 円5,624 Mil.
Total Current Assets was 円11,415 Mil.
Total Assets was 円12,986 Mil.
Property, Plant and Equipment(Net PPE) was 円340 Mil.
Depreciation, Depletion and Amortization(DDA) was 円131 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円2,684 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Net Income was 円1,051 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円895 Mil.

Total Receivables was 円10,424 Mil.
Revenue was 円13,653 Mil.
Gross Profit was 円5,075 Mil.
Total Current Assets was 円11,871 Mil.
Total Assets was 円13,438 Mil.
Property, Plant and Equipment(Net PPE) was 円369 Mil.
Depreciation, Depletion and Amortization(DDA) was 円135 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円3,252 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)
	=	(10068.733 / 14689.719)	/	(10423.902 / 13652.991)
	=	0.685427	/	0.763489
	=	0.8978

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)
	=	(5075.295 / 13652.991)	/	(5624.184 / 14689.719)
	=	0.371735	/	0.382865
	=	0.9709

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 - (11415.247 + 340.293) / 12986.423)	/	(1 - (11871.221 + 369.372) / 13438.269)
	=	0.094782	/	0.089124
	=	1.0635

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
	=	14689.719	/	13652.991
	=	1.0759

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))
	=	(134.5 / (134.5 + 369.372))	/	(131.279 / (131.279 + 340.293))
	=	0.266933	/	0.278386
	=	0.9589

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 / 14689.719)	/	(0 / 13652.991)
	=	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)
	=	((0 + 2684.452) / 12986.423)	/	((0 + 3252.346) / 13438.269)
	=	0.206712	/	0.242021
	=	0.8541

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
	=	(1050.738 - 0	-	895.321)	/	12986.423
	=	0.011968

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.

BP Castrol KK has a M-score of -2.40 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 -2.40 mean?

BP Castrol KK (TSE:5015) has a Beneish M-Score of -2.40 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on BP Castrol KK and its competitors. According to the industry distribution chart, BP Castrol KK ranks #557 out of 822 companies in the Oil & Gas industry, placing it in the top 67.8%.

Is BP Castrol KK's Beneish M-Score too high?

BP Castrol KK's current Beneish M-Score is -2.40. Based on the distribution chart, BP Castrol KK ranks #557 out of 822 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, BP Castrol KK has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does BP Castrol KK's Beneish M-Score compare to VLO and MPC?

According to the Oil & Gas industry distribution chart, BP Castrol KK ranks #557 out of 822 companies for Beneish M-Score. This places BP Castrol KK 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 an Oil & Gas company?

A good Beneish M-Score depends on the Oil & Gas 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 BP Castrol KK and its competitors. BP Castrol KK's current Beneish M-Score is -2.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is BP Castrol KK stock overvalued right now?

Based on GuruFocus' analysis, BP Castrol KK (TSE:5015) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,119.32, compared to a current price of 円1,008.00 — trading 9.9% below its estimated fair value. The current Beneish M-Score is -2.40. BP Castrol KK's overall GF Score™ is 80/100 with 3 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 BP Castrol KK (TSE:5015), the current Beneish M-Score is -2.40 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 BP Castrol KK (TSE:5015) Overvalued in 2026?

Based on GuruFocus' analysis, BP Castrol KK stock appears to be undervalued. The current stock price of 円1,008.00 is trading 9.9% below its estimated GF Value™ of 円1,119.32. GuruFocus considers BP Castrol KK to be Modestly Undervalued.

Key valuation signals for TSE:5015:

Beneish M-Score: -2.40
GF Value™: 円1,119.32 vs. price of 円1,008.00 (9.9% below fair value)
GF Score™: 80/100 with 3 warning signs

No single metric tells the full story. See the TSE:5015 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

BP Castrol KK Business Description

Industry Energy Oil & Gas

Comparable Companies TSE:6239 TSE:7486 TSE:416A TSE:5010 TSE:7462 TSE:8132 TSE:8131 TSE:8037 NSE:RELIANCE VLO MPC PSX XKAZ:KMGZ OHEL:NESTE TSE:5020 NSE:IOC TPE:6505 XKRX:096770 BOM:500547 XKRX:267250

Address 1-11-2 Osaki, 20th Floor, Gate City Osaki East Tower, Shinagawa-ku, Tokyo, JPN, 141-0032

Website http://www.bpcastrol.com

BP Castrol KK engages in the development, manufacture, import, and sale of automotive lubricating oil in Japan. The company sells its product under the brand name BP brand and the Castrol brand. The BP brand is divided into Vervis, Vervis sport, and mini. The Castrol brand is the top brand of lubricant. Both the brands are used for the consumer business and professional business.

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

円1,008.00

Price

円1,119.32

GF Value

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