NIC Autotec (TSE:5742) Beneish M-Score: -3.00 (As of Jul. 10, 2026)

What is NIC Autotec Beneish M-Score?

NIC Autotec TSE:5742 +0.28% 48 Beneish M-Score is -3.00 as of Jul. 10, 2026. GuruFocus rates TSE:5742 with a GF Score™ of 48/100 and a GF Value™ of 円805.36 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 679 Metals & Mining companies, NIC Autotec ranks better than 81.3% 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 -3 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:5742' s Beneish M-Score Range Over the Past 10 Years
Min: -3.37 Med: -2.79 Max: -2.1
Current: -3

During the past 13 years, the highest Beneish M-Score of NIC Autotec was -2.10. The lowest was -3.37. And the median was -2.79.

NIC Autotec Beneish M-Score Related Terms

NIC Autotec Beneish M-Score Historical Data

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The historical data trend for NIC Autotec'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.

NIC Autotec Beneish M-Score Chart

NIC Autotec Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Beneish M-Score

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-2.11

-2.79

-3.37

-2.21

-3.00

NIC Autotec Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															-3.37	0.00	-2.21	0.00	-3.00

TSE:5742 vs AA: Beneish M-Score Comparison

For the Aluminum subindustry, NIC Autotec'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.

NIC Autotec Beneish M-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, NIC Autotec's Beneish M-Score distribution charts can be found below:

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

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48GF Score

NIC Autotec Inc TSE:5742

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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NIC Autotec 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 NIC Autotec for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.661

0.528 * 1.0608

0.404 * 1.5097

0.892 * 0.9486

0.115 * 1.0502

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * -0.098545

0.327 * 0.8188

-3.00

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was 円767 Mil.
Revenue was 円6,306 Mil.
Gross Profit was 円1,281 Mil.
Total Current Assets was 円2,395 Mil.
Total Assets was 円5,970 Mil.
Property, Plant and Equipment(Net PPE) was 円3,170 Mil.
Depreciation, Depletion and Amortization(DDA) was 円234 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円1,556 Mil.
Long-Term Debt & Capital Lease Obligation was 円912 Mil.
Net Income was 円24 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円613 Mil.

Total Receivables was 円1,224 Mil.
Revenue was 円6,647 Mil.
Gross Profit was 円1,433 Mil.
Total Current Assets was 円3,747 Mil.
Total Assets was 円7,370 Mil.
Property, Plant and Equipment(Net PPE) was 円3,291 Mil.
Depreciation, Depletion and Amortization(DDA) was 円256 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円2,654 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,066 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)
	=	(767.37 / 6305.943)	/	(1223.724 / 6647.358)
	=	0.12169	/	0.184092
	=	0.661

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)
	=	(1432.958 / 6647.358)	/	(1281.483 / 6305.943)
	=	0.215568	/	0.203218
	=	1.0608

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 - (2395.142 + 3169.671) / 5970.008)	/	(1 - (3747.297 + 3291.146) / 7369.767)
	=	0.067872	/	0.044957
	=	1.5097

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
	=	6305.943	/	6647.358
	=	0.9486

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))
	=	(255.679 / (255.679 + 3291.146))	/	(233.595 / (233.595 + 3169.671))
	=	0.072087	/	0.068638
	=	1.0502

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 / 6305.943)	/	(0 / 6647.358)
	=	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)
	=	((911.833 + 1555.689) / 5970.008)	/	((1065.852 + 2654.442) / 7369.767)
	=	0.41332	/	0.504805
	=	0.8188

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
	=	(24.382 - 0	-	612.694)	/	5970.008
	=	-0.098545

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.

NIC Autotec has a M-score of -3.00 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 -3.00 mean?

NIC Autotec (TSE:5742) has a Beneish M-Score of -3.00 as of Jul. 10, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on NIC Autotec and its competitors. According to the industry distribution chart, NIC Autotec ranks #127 out of 679 companies in the Metals & Mining industry, placing it in the top 18.7%.

Is NIC Autotec's Beneish M-Score too high?

NIC Autotec's current Beneish M-Score is -3.00. Based on the distribution chart, NIC Autotec ranks #127 out of 679 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, NIC Autotec has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does NIC Autotec's Beneish M-Score compare to AA?

According to the Metals & Mining industry distribution chart, NIC Autotec ranks #127 out of 679 companies for Beneish M-Score. This places NIC Autotec in the top 19% 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 Metals & Mining company?

A good Beneish M-Score depends on the Metals & Mining 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 NIC Autotec and its competitors. NIC Autotec's current Beneish M-Score is -3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is NIC Autotec stock overvalued right now?

Based on GuruFocus' analysis, NIC Autotec (TSE:5742) is currently considered Modestly Undervalued. The stock's GF Value™ is 円805.36, compared to a current price of 円714.00 — trading 11.3% below its estimated fair value. The current Beneish M-Score is -3.00. NIC Autotec's overall GF Score™ is 48/100 with 5 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 NIC Autotec (TSE:5742), the current Beneish M-Score is -3.00 as of Jul. 10, 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 NIC Autotec (TSE:5742) Overvalued in 2026?

Based on GuruFocus' analysis, NIC Autotec stock appears to be undervalued. The current stock price of 円714.00 is trading 11.3% below its estimated GF Value™ of 円805.36. GuruFocus considers NIC Autotec to be Modestly Undervalued.

Key valuation signals for TSE:5742:

Beneish M-Score: -3.00
GF Value™: 円805.36 vs. price of 円714.00 (11.3% below fair value)
GF Score™: 48/100 with 5 warning signs

No single metric tells the full story. See the TSE:5742 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NIC Autotec Business Description

Industry Basic Materials Metals & Mining

Comparable Companies TSE:5753 TSE:1491 TSE:5707 TSE:5724 TSE:3168 SZSE:002379 HKSE:01378 NSE:HINDALCO SHSE:601600 OSL:NHY NSE:VAML XKLS:8869 AA SZSE:000807 SZSE:002532 SZSE:000933 SHSE:600219 BOM:532234 MIC:RUAL SZSE:300489

Address 255 Nagaresugi, Toyama, Toyama Prefecture, JPN, 930-0034

Website http://www.nic-inc.co.jp

NIC Autotec Inc is engaged in equipment business which include factory automation and clean booth and clean room, alpha frame business which include industrial aluminium frame and system, and commercial business.

48GF Score

Get the complete analysis for TSE:5742

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

円714.00

Price

円805.36

GF Value

View TSE:5742 Analysis

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