Prodelight Co (TSE:5580) Beneish M-Score: -1.44 (As of Jul. 11, 2026)


TSE:5580 Prodelight Co Ltd TSE:5580
53 GF Score
Price 円1,700.00
GF Value 円1,676.42
Valuation Fairly Valued
! 2 Warning Signs
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What is Prodelight Co Beneish M-Score?

Prodelight Co TSE:5580 +0.12% 53 Beneish M-Score is -1.44 as of Jul. 11, 2026. GuruFocus rates TSE:5580 with a GF Score™ of 53/100 and a GF Value™ of 円1,676.42 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,627 Software companies, Prodelight Co ranks worse than 85.73% 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.

Warning Sign:

Beneish M-Score -1.44 higher than -1.78, which implies that the company might have manipulated its financial results.

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

TSE:5580' s Beneish M-Score Range Over the Past 10 Years
Min: -2.57   Med: -2.31   Max: -1.44
Current: -1.44

During the past 5 years, the highest Beneish M-Score of Prodelight Co was -1.44. The lowest was -2.57. And the median was -2.31.

Prodelight Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Prodelight 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.

Prodelight Co Beneish M-Score Chart

Prodelight Co Annual Data
Trend Aug21 Aug22 Aug23 Aug24 Aug25
Beneish M-Score
0.00 0.00 -2.57 -2.31 -1.44

Prodelight Co Semi-Annual Data
Aug21 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 -2.31 0.00 -1.44 0.00

TSE:5580 vs MSFT, ORCL, PLTR: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, Prodelight 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.

Prodelight Co Beneish M-Score vs Software Industry

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

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


TSE:5580
53GF Score
Prodelight Co Ltd TSE:5580
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Prodelight 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 Prodelight 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 * 1.091+0.528 * 0.9869+0.404 * 1.7578+0.892 * 1.2904+0.115 * 0.8091
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0771+4.679 * 0.113862-0.327 * 1.3126
=-1.44

* 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 (Aug25) TTM:Last Year (Aug24) TTM:
Total Receivables was 円440 Mil.
Revenue was 円2,835 Mil.
Gross Profit was 円1,373 Mil.
Total Current Assets was 円1,293 Mil.
Total Assets was 円1,713 Mil.
Property, Plant and Equipment(Net PPE) was 円38 Mil.
Depreciation, Depletion and Amortization(DDA) was 円47 Mil.
Selling, General, & Admin. Expense(SGA) was 円1,195 Mil.
Total Current Liabilities was 円618 Mil.
Long-Term Debt & Capital Lease Obligation was 円66 Mil.
Net Income was 円119 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円-76 Mil.
 Total Receivables was 円312 Mil.
Revenue was 円2,197 Mil.
Gross Profit was 円1,050 Mil.
Total Current Assets was 円1,018 Mil.
Total Assets was 円1,209 Mil.
Property, Plant and Equipment(Net PPE) was 円38 Mil.
Depreciation, Depletion and Amortization(DDA) was 円31 Mil.
Selling, General, & Admin. Expense(SGA) was 円860 Mil.
Total Current Liabilities was 円350 Mil.
Long-Term Debt & Capital Lease Obligation was 円18 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)
=(439.516 / 2834.772) / (312.217 / 2196.897)
=0.155045 / 0.142117
=1.091

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)
=(1050.449 / 2196.897) / (1373.428 / 2834.772)
=0.478151 / 0.484493
=0.9869

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 - (1292.812 + 37.636) / 1712.981) / (1 - (1017.75 + 37.617) / 1208.953)
=0.223314 / 0.127041
=1.7578

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
=2834.772 / 2196.897
=1.2904

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))
=(30.719 / (30.719 + 37.617)) / (47.055 / (47.055 + 37.636))
=0.449529 / 0.555608
=0.8091

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)
=(1194.824 / 2834.772) / (859.7 / 2196.897)
=0.421489 / 0.391325
=1.0771

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)
=((66.428 + 618.235) / 1712.981) / ((18.046 + 350.076) / 1208.953)
=0.399691 / 0.304497
=1.3126

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
=(118.921 - 0 - -76.123) / 1712.981
=0.113862

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.

Prodelight Co has a M-score of -1.44 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.44 mean?
Prodelight Co (TSE:5580) has a Beneish M-Score of -1.44 as of Jul. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Prodelight Co and its competitors. According to the industry distribution chart, Prodelight Co ranks #2252 out of 2627 companies in the Software industry, placing it in the top 85.7%.
Is Prodelight Co's Beneish M-Score too high?
Prodelight Co's current Beneish M-Score is -1.44. Based on the distribution chart, Prodelight Co ranks #2252 out of 2627 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Prodelight Co has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Prodelight Co's Beneish M-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Prodelight Co ranks #2252 out of 2627 companies for Beneish M-Score. This places Prodelight 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 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 Prodelight Co and its competitors. Prodelight Co's current Beneish M-Score is -1.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Prodelight Co stock overvalued right now?
Based on GuruFocus' analysis, Prodelight Co (TSE:5580) is currently considered Fairly Valued. The stock's GF Value™ is 円1,676.42, compared to a current price of 円1,700.00 — trading 1.4% above its estimated fair value. The current Beneish M-Score is -1.44. Prodelight Co's overall GF Score™ is 53/100 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 Prodelight Co (TSE:5580), the current Beneish M-Score is -1.44 as of Jul. 11, 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 Prodelight Co (TSE:5580) Overvalued in 2026?

Based on GuruFocus' analysis, Prodelight Co stock appears to be overvalued. The current stock price of 円1,700.00 is trading 1.4% above its estimated GF Value™ of 円1,676.42. GuruFocus considers Prodelight Co to be Fairly Valued.

Key valuation signals for TSE:5580:

  • Beneish M-Score: -1.44
  • GF Value™: 円1,676.42 vs. price of 円1,700.00 (1.4% above fair value)
  • GF Score™: 53/100 with 2 warning signs

No single metric tells the full story. See the TSE:5580 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Prodelight Co Business Description

Address 3-3-11 Koraibashi, 2nd floor, Yodoyabashi Flex Tower, Chuo-ku, Osaka-shi, Osaka, JPN, 541-0043
Prodelight Co Ltd is engaged in the Voice solution business, Planning, development, and sales of cloud voice systems, Sale of line services, and Sale of audio devices. The company provides a one-stop solution to voice communication DX, based on a self-developed cloud PBX for IP telephone, INNOVERA.
53GF Score

Get the complete analysis for TSE:5580

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

円1,700.00
Price
円1,676.42
GF Value