Vis Co (TSE:5071) Beneish M-Score: -2.06 (As of Jul. 08, 2026)


TSE:5071 Vis Co Ltd TSE:5071
88 GF Score
Price 円1,375.00
GF Value 円1,362.45
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Vis Co Beneish M-Score?

Vis Co TSE:5071 -0.79% 88 Beneish M-Score is -2.06 as of Jul. 08, 2026. GuruFocus rates TSE:5071 with a GF Score™ of 88/100 and a GF Value™ of 円1,362.45 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,022 Business Services companies, Vis Co ranks worse than 78.77% 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 -2.06 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:5071' s Beneish M-Score Range Over the Past 10 Years
Min: -2.81   Med: -2.43   Max: -1.47
Current: -2.06

During the past 9 years, the highest Beneish M-Score of Vis Co was -1.47. The lowest was -2.81. And the median was -2.43.

Vis Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Vis 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.

Vis Co Beneish M-Score Chart

Vis Co Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only -2.56 -2.43 -2.12 -2.61 -2.06

Vis Co Semi-Annual Data
Mar18 Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 -2.12 0.00 -2.61 0.00 -2.06

TSE:5071 vs CTAS, CPRT, ULS: Beneish M-Score Comparison

For the Specialty Business Services subindustry, Vis 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.

Vis Co Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Vis Co's Beneish M-Score distribution charts can be found below:

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


TSE:5071
88GF Score
Vis Co Ltd TSE:5071
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vis Co 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 Vis 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 * 1.501+0.528 * 1.0116+0.404 * 0.8799+0.892 * 1.0145+0.115 * 0.8641
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.001917-0.327 * 1.0052
=-2.06

* 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1,775 Mil.
Revenue was 円16,490 Mil.
Gross Profit was 円4,741 Mil.
Total Current Assets was 円8,986 Mil.
Total Assets was 円12,512 Mil.
Property, Plant and Equipment(Net PPE) was 円2,799 Mil.
Depreciation, Depletion and Amortization(DDA) was 円156 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円4,276 Mil.
Long-Term Debt & Capital Lease Obligation was 円5 Mil.
Net Income was 円1,369 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円1,345 Mil.
 Total Receivables was 円1,166 Mil.
Revenue was 円16,253 Mil.
Gross Profit was 円4,727 Mil.
Total Current Assets was 円7,487 Mil.
Total Assets was 円10,797 Mil.
Property, Plant and Equipment(Net PPE) was 円2,596 Mil.
Depreciation, Depletion and Amortization(DDA) was 円124 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円3,675 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)
=(1775.093 / 16489.616) / (1165.637 / 16253.198)
=0.107649 / 0.071717
=1.501

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)
=(4726.876 / 16253.198) / (4740.639 / 16489.616)
=0.290827 / 0.287492
=1.0116

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 - (8985.56 + 2798.693) / 12512.389) / (1 - (7487.246 + 2595.665) / 10796.961)
=0.058193 / 0.066134
=0.8799

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
=16489.616 / 16253.198
=1.0145

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))
=(124.408 / (124.408 + 2595.665)) / (156.409 / (156.409 + 2798.693))
=0.045737 / 0.052928
=0.8641

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 / 16489.616) / (0 / 16253.198)
=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)
=((4.835 + 4276.236) / 12512.389) / ((0 + 3675.084) / 10796.961)
=0.342147 / 0.340381
=1.0052

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
=(1369.167 - 0 - 1345.185) / 12512.389
=0.001917

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.

Vis Co has a M-score of -2.06 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 -2.06 mean?
Vis Co (TSE:5071) has a Beneish M-Score of -2.06 as of Jul. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Vis Co and its competitors. According to the industry distribution chart, Vis Co ranks #805 out of 1022 companies in the Business Services industry, placing it in the top 78.8%.
Is Vis Co's Beneish M-Score too high?
Vis Co's current Beneish M-Score is -2.06. Based on the distribution chart, Vis Co ranks #805 out of 1022 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Vis Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vis Co's Beneish M-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Vis Co ranks #805 out of 1022 companies for Beneish M-Score. This places Vis 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 Business Services company?
A good Beneish M-Score depends on the Business Services 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 Vis Co and its competitors. Vis Co's current Beneish M-Score is -2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vis Co stock overvalued right now?
Based on GuruFocus' analysis, Vis Co (TSE:5071) is currently considered Fairly Valued. The stock's GF Value™ is 円1,362.45, compared to a current price of 円1,375.00 — trading 0.9% above its estimated fair value. The current Beneish M-Score is -2.06. Vis Co's overall GF Score™ is 88/100 with 2 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 Vis Co (TSE:5071), the current Beneish M-Score is -2.06 as of Jul. 08, 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 Vis Co (TSE:5071) Overvalued in 2026?

Based on GuruFocus' analysis, Vis Co stock appears to be overvalued. The current stock price of 円1,375.00 is trading 0.9% above its estimated GF Value™ of 円1,362.45. GuruFocus considers Vis Co to be Fairly Valued.

Key valuation signals for TSE:5071:

  • Beneish M-Score: -2.06
  • GF Value™: 円1,362.45 vs. price of 円1,375.00 (0.9% above fair value)
  • GF Score™: 88/100 with 2 warning signs

No single metric tells the full story. See the TSE:5071 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Vis Co Business Description

Address 3-4-5 Umeda, Kita-ku, 1-1-4 Meiji Station, Nakamura-ku, Nagoya JR Central Towers 22nd Floor, Osaka, JPN, 530-0001
Vis Co Ltd is engaged in the designer office business. The company designs office spaces. The group has two businesses: Branding Business and Data Solution/Place Solution Business. The Branding Business is a one-stop shop for workplace design, web design, and graphic design, and he Branding Business is a one-stop shop for workplace design, web design, and graphic design.
88GF Score

Get the complete analysis for TSE:5071

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

円1,375.00
Price
円1,362.45
GF Value