Technologies (TSE:5248) Beneish M-Score: -2.14 (As of Jun. 26, 2026)


TSE:5248 Technologies Inc TSE:5248
67 GF Score
Price 円479.00
GF Value 円837.49
Valuation Possible Value Trap
! 9 Warning Signs
View Full Analysis

What is Technologies Beneish M-Score?

Technologies TSE:5248 +2.57% 67 Beneish M-Score is -2.14 as of Jun. 26, 2026. GuruFocus rates TSE:5248 with a GF Score™ of 67/100 and a GF Value™ of 円837.49 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 2,634 Software companies, Technologies ranks worse than 71.53% 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 -2.14 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:5248' s Beneish M-Score Range Over the Past 10 Years
Min: -2.33   Med: -2.11   Max: 5.86
Current: -2.14

During the past 6 years, the highest Beneish M-Score of Technologies was 5.86. The lowest was -2.33. And the median was -2.11.

Technologies Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Technologies'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.

Technologies Beneish M-Score Chart

Technologies Annual Data
Trend Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Beneish M-Score
Get a 7-Day Free Trial 0.00 -2.33 5.86 -2.08 -2.14

Technologies Semi-Annual Data
Jan21 Jan22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 5.86 0.00 -2.08 0.00 -2.14

TSE:5248 vs CRM, SHOP, UBER: Beneish M-Score Comparison

For the Software - Application subindustry, Technologies'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.

Technologies Beneish M-Score vs Software Industry

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

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


TSE:5248
67GF Score
Technologies Inc TSE:5248
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Technologies 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 Technologies 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 * 1.4348+0.528 * 0.7094+0.404 * 1.2207+0.892 * 0.7301+0.115 * 0.9779
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.5695+4.679 * 0.040954-0.327 * 1.0647
=-2.14

* 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 (Jan26) TTM:Last Year (Jan25) TTM:
Total Receivables was 円3,393 Mil.
Revenue was 円10,149 Mil.
Gross Profit was 円3,534 Mil.
Total Current Assets was 円13,086 Mil.
Total Assets was 円23,264 Mil.
Property, Plant and Equipment(Net PPE) was 円8,127 Mil.
Depreciation, Depletion and Amortization(DDA) was 円256 Mil.
Selling, General, & Admin. Expense(SGA) was 円154 Mil.
Total Current Liabilities was 円11,640 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,933 Mil.
Net Income was 円267 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円-686 Mil.
 Total Receivables was 円3,239 Mil.
Revenue was 円13,900 Mil.
Gross Profit was 円3,433 Mil.
Total Current Assets was 円10,346 Mil.
Total Assets was 円18,950 Mil.
Property, Plant and Equipment(Net PPE) was 円7,235 Mil.
Depreciation, Depletion and Amortization(DDA) was 円222 Mil.
Selling, General, & Admin. Expense(SGA) was 円371 Mil.
Total Current Liabilities was 円8,915 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,234 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)
=(3393.125 / 10149.087) / (3238.967 / 13900.28)
=0.334328 / 0.233015
=1.4348

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)
=(3433.467 / 13900.28) / (3533.649 / 10149.087)
=0.247007 / 0.348174
=0.7094

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 - (13086.074 + 8126.598) / 23264.041) / (1 - (10345.789 + 7235.184) / 18949.814)
=0.088178 / 0.072235
=1.2207

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
=10149.087 / 13900.28
=0.7301

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))
=(222.349 / (222.349 + 7235.184)) / (255.554 / (255.554 + 8126.598))
=0.029815 / 0.030488
=0.9779

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)
=(154.453 / 10149.087) / (371.436 / 13900.28)
=0.015218 / 0.026721
=0.5695

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)
=((2932.708 + 11640.208) / 23264.041) / ((2233.651 + 8915.146) / 18949.814)
=0.626414 / 0.588333
=1.0647

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
=(266.883 - 0 - -685.862) / 23264.041
=0.040954

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.

Technologies has a M-score of -2.14 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 -2.14 mean?
Technologies (TSE:5248) has a Beneish M-Score of -2.14 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Technologies and its competitors. According to the industry distribution chart, Technologies ranks #1884 out of 2634 companies in the Software industry, placing it in the top 71.5%.
Is Technologies' Beneish M-Score too high?
Technologies' current Beneish M-Score is -2.14. Based on the distribution chart, Technologies ranks #1884 out of 2634 companies in the Software industry, which is below the industry midpoint. Overall, Technologies has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Technologies' Beneish M-Score compare to CRM and SHOP?
According to the Software industry distribution chart, Technologies ranks #1884 out of 2634 companies for Beneish M-Score. This places Technologies 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 Technologies and its competitors. Technologies's current Beneish M-Score is -2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Technologies stock overvalued right now?
Based on GuruFocus' analysis, Technologies (TSE:5248) is currently considered Possible Value Trap. The stock's GF Value™ is 円837.49, compared to a current price of 円479.00 — trading 42.8% below its estimated fair value. The current Beneish M-Score is -2.14. Technologies' overall GF Score™ is 67/100 with 9 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 Technologies (TSE:5248), the current Beneish M-Score is -2.14 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 Technologies (TSE:5248) Overvalued in 2026?

Based on GuruFocus' analysis, Technologies stock appears to be undervalued. The current stock price of 円479.00 is trading 42.8% below its estimated GF Value™ of 円837.49. GuruFocus considers Technologies to be Possible Value Trap.

Key valuation signals for TSE:5248:

  • Beneish M-Score: -2.14
  • GF Value™: 円837.49 vs. price of 円479.00 (42.8% below fair value)
  • GF Score™: 67/100 with 9 warning signs

No single metric tells the full story. See the TSE:5248 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Technologies Business Description

Address 1-27-6 Shirokane, Minato-ku, Tokyo, JPN, 103-0004
Technologies Inc is engaged in the production of video software, development of systems related to AI and other digital technologies, and provision of business management systems for staffing agencies.
67GF Score

Get the complete analysis for TSE:5248

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

円479.00
Price
円837.49
GF Value