Autoserver Co (TSE:5589) Beneish M-Score: -2.74 (As of Jul. 11, 2026)


TSE:5589 Autoserver Co Ltd TSE:5589
19 GF Score
Price 円2,728.00
! 3 Warning Signs
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What is Autoserver Co Beneish M-Score?

Autoserver Co TSE:5589 +0.40% 19 Beneish M-Score is -2.74 as of Jul. 11, 2026. GuruFocus rates TSE:5589 with a GF Score™ of 19/100. The stock has 3 warning signs investors should review. Among 1,277 Vehicles & Parts companies, Autoserver Co ranks better than 69.38% 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 -2.74 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:5589' s Beneish M-Score Range Over the Past 10 Years
Min: -2.74   Med: -2.49   Max: -2.18
Current: -2.74

During the past 5 years, the highest Beneish M-Score of Autoserver Co was -2.18. The lowest was -2.74. And the median was -2.49.

Autoserver Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Autoserver 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.

Autoserver Co Beneish M-Score Chart

Autoserver Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.49 -2.18 -2.74

Autoserver Co Quarterly Data
Dec21 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.00 0.00 0.00 -2.74 0.00

TSE:5589 vs CVNA, PAG, ALTB: Beneish M-Score Comparison

For the Auto & Truck Dealerships subindustry, Autoserver 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.

Autoserver Co Beneish M-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Autoserver Co's Beneish M-Score distribution charts can be found below:

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


TSE:5589
19GF Score
Autoserver Co Ltd TSE:5589
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Autoserver 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 Autoserver 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 * 1.0392+0.528 * 1.015+0.404 * 0.84+0.892 * 1.0279+0.115 * 1.2973
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.06077-0.327 * 1.0488
=-2.74

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was 円1,571 Mil.
Revenue was 円6,463 Mil.
Gross Profit was 円4,651 Mil.
Total Current Assets was 円15,232 Mil.
Total Assets was 円20,316 Mil.
Property, Plant and Equipment(Net PPE) was 円2,111 Mil.
Depreciation, Depletion and Amortization(DDA) was 円403 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円6,946 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Net Income was 円1,498 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円2,733 Mil.
 Total Receivables was 円1,471 Mil.
Revenue was 円6,287 Mil.
Gross Profit was 円4,593 Mil.
Total Current Assets was 円13,423 Mil.
Total Assets was 円18,155 Mil.
Property, Plant and Equipment(Net PPE) was 円1,568 Mil.
Depreciation, Depletion and Amortization(DDA) was 円411 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円5,918 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)
=(1570.811 / 6462.582) / (1470.537 / 6287.105)
=0.243062 / 0.233897
=1.0392

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)
=(4592.543 / 6287.105) / (4650.986 / 6462.582)
=0.73047 / 0.719679
=1.015

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 - (15231.554 + 2110.849) / 20316.127) / (1 - (13423.209 + 1567.879) / 18154.779)
=0.146373 / 0.174262
=0.84

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
=6462.582 / 6287.105
=1.0279

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))
=(411.39 / (411.39 + 1567.879)) / (402.697 / (402.697 + 2110.849))
=0.207849 / 0.160211
=1.2973

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 / 6462.582) / (0 / 6287.105)
=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 + 6946.087) / 20316.127) / ((0 + 5918.309) / 18154.779)
=0.3419 / 0.325992
=1.0488

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
=(1498.112 - 0 - 2732.731) / 20316.127
=-0.06077

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.

Autoserver Co has a M-score of -2.74 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 -2.74 mean?
Autoserver Co (TSE:5589) has a Beneish M-Score of -2.74 as of Jul. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Autoserver Co and its competitors. According to the industry distribution chart, Autoserver Co ranks #391 out of 1277 companies in the Vehicles & Parts industry, placing it in the top 30.6%.
Is Autoserver Co's Beneish M-Score too high?
Autoserver Co's current Beneish M-Score is -2.74. Based on the distribution chart, Autoserver Co ranks #391 out of 1277 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Autoserver Co has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Autoserver Co's Beneish M-Score compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Autoserver Co ranks #391 out of 1277 companies for Beneish M-Score. This puts Autoserver Co in the upper 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Autoserver Co and its competitors. Autoserver Co's current Beneish M-Score is -2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Autoserver Co stock overvalued right now?
Autoserver Co (TSE:5589) has a current Beneish M-Score of -2.74. The current Beneish M-Score is -2.74. Autoserver Co's overall GF Score™ is 19/100 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 Autoserver Co (TSE:5589), the current Beneish M-Score is -2.74 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.

Autoserver Co Business Description

Address 1-8-8 Harumi, Triton Square Office Tower W Building 14th floor, Chuo-ku, Tokyo, JPN, 104-0053
Autoserver Co Ltd is engaged in used car auction agency service and brokerage service for used car dealers on the website. The used car distribution platform ASNET operated by the company is a used car distribution web service that can be used by used car dealers and automobile-related businesses with no membership fee or monthly membership fee.
19GF Score

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