Tripla Co (TSE:5136) Beneish M-Score: -4.38 (As of Jun. 26, 2026)


TSE:5136 Tripla Co Ltd TSE:5136
64 GF Score
Price 円1,785.00
GF Value 円3,057.49
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Tripla Co Beneish M-Score?

Tripla Co TSE:5136 +1.65% 64 Beneish M-Score is -4.38 as of Jun. 26, 2026. GuruFocus rates TSE:5136 with a GF Score™ of 64/100 and a GF Value™ of 円3,057.49 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,634 Software companies, Tripla Co ranks better than 93.89% 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 -4.38 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:5136' s Beneish M-Score Range Over the Past 10 Years
Min: -5.89   Med: -4.61   Max: -1.19
Current: -4.38

During the past 6 years, the highest Beneish M-Score of Tripla Co was -1.19. The lowest was -5.89. And the median was -4.61.

Tripla Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Tripla 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.

Tripla Co Beneish M-Score Chart

Tripla Co Annual Data
Trend Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Beneish M-Score
Get a 7-Day Free Trial 0.00 -5.89 -4.83 -1.19 -4.38

Tripla Co Semi-Annual Data
Oct20 Oct21 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -1.19 0.00 -4.38 0.00

TSE:5136 vs CRM, SHOP, UBER: Beneish M-Score Comparison

For the Software - Application subindustry, Tripla 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.

Tripla Co Beneish M-Score vs Software Industry

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

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


TSE:5136
64GF Score
Tripla Co Ltd TSE:5136
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tripla 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 Tripla 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 * 0.9857+0.528 * 0.7118+0.404 * 0.6268+0.892 * 1.3782+0.115 * 0.8197
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.405038-0.327 * 1.0202
=-4.38

* 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 (Oct25) TTM:Last Year (Oct24) TTM:
Total Receivables was 円391 Mil.
Revenue was 円2,574 Mil.
Gross Profit was 円520 Mil.
Total Current Assets was 円18,804 Mil.
Total Assets was 円19,730 Mil.
Property, Plant and Equipment(Net PPE) was 円36 Mil.
Depreciation, Depletion and Amortization(DDA) was 円127 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円17,194 Mil.
Long-Term Debt & Capital Lease Obligation was 円790 Mil.
Net Income was 円502 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円8,493 Mil.
 Total Receivables was 円288 Mil.
Revenue was 円1,867 Mil.
Gross Profit was 円268 Mil.
Total Current Assets was 円10,166 Mil.
Total Assets was 円10,995 Mil.
Property, Plant and Equipment(Net PPE) was 円39 Mil.
Depreciation, Depletion and Amortization(DDA) was 円68 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円8,805 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,018 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)
=(390.933 / 2573.543) / (287.787 / 1867.358)
=0.151905 / 0.154115
=0.9857

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)
=(268.498 / 1867.358) / (519.841 / 2573.543)
=0.143785 / 0.201994
=0.7118

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 - (18804.254 + 36.395) / 19729.819) / (1 - (10165.949 + 38.638) / 10995.128)
=0.045067 / 0.071899
=0.6268

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
=2573.543 / 1867.358
=1.3782

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))
=(67.912 / (67.912 + 38.638)) / (127.242 / (127.242 + 36.395))
=0.637372 / 0.777587
=0.8197

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 / 2573.543) / (0 / 1867.358)
=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)
=((789.796 + 17193.657) / 19729.819) / ((1018.196 + 8805.216) / 10995.128)
=0.911486 / 0.893433
=1.0202

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
=(501.815 - 0 - 8493.145) / 19729.819
=-0.405038

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.

Tripla Co has a M-score of -4.38 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 -4.38 mean?
Tripla Co (TSE:5136) has a Beneish M-Score of -4.38 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Tripla Co and its competitors. According to the industry distribution chart, Tripla Co ranks #161 out of 2634 companies in the Software industry, placing it in the top 6.1%.
Is Tripla Co's Beneish M-Score too high?
Tripla Co's current Beneish M-Score is -4.38. Based on the distribution chart, Tripla Co ranks #161 out of 2634 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Tripla Co has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tripla Co's Beneish M-Score compare to CRM and SHOP?
According to the Software industry distribution chart, Tripla Co ranks #161 out of 2634 companies for Beneish M-Score. This places Tripla Co in the top 6% of its industry — outperforming the majority of peers. 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 Tripla Co and its competitors. Tripla Co's current Beneish M-Score is -4.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tripla Co stock overvalued right now?
Based on GuruFocus' analysis, Tripla Co (TSE:5136) is currently considered Possible Value Trap. The stock's GF Value™ is 円3,057.49, compared to a current price of 円1,785.00 — trading 41.6% below its estimated fair value. The current Beneish M-Score is -4.38. Tripla Co's overall GF Score™ is 64/100 with 4 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 Tripla Co (TSE:5136), the current Beneish M-Score is -4.38 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 Tripla Co (TSE:5136) Overvalued in 2026?

Based on GuruFocus' analysis, Tripla Co stock appears to be undervalued. The current stock price of 円1,785.00 is trading 41.6% below its estimated GF Value™ of 円3,057.49. GuruFocus considers Tripla Co to be Possible Value Trap.

Key valuation signals for TSE:5136:

  • Beneish M-Score: -4.38
  • GF Value™: 円3,057.49 vs. price of 円1,785.00 (41.6% below fair value)
  • GF Score™: 64/100 with 4 warning signs

No single metric tells the full story. See the TSE:5136 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tripla Co Business Description

Address 4-15-3 Nishi-Shinjuku, Sumitomo Real Estate Nishi-Shinjuku Building 3, 3rd floor, Shinjuku-ku, Tokyo, JPN, 104-0033
Tripla Co Ltd provides AI chatbot and hotel booking engine services as SaaS-easy to start and quickly enhance customer satisfaction. Its services include tripla book, tripla boost, tripla bot, tripla connect, tripla link, tripla analyatics, and tripla success.
64GF Score

Get the complete analysis for TSE:5136

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

円1,785.00
Price
円3,057.49
GF Value