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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 -2.4 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Akasaka Diesels's Beneish M-Score or its related term are showing as below:
TSE:6022'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.15 Med: -2.41 Max: -2.03
Current: -2.4
During the past 13 years, the highest Beneish M-Score of Akasaka Diesels was -2.03. The lowest was -3.15. And the median was -2.41.
Akasaka Diesels Beneish M-Score Related Terms
Akasaka Diesels Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Akasaka Diesels'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.
TSE:6022 vs SPCX, GE, RTX: Beneish M-Score Comparison
For the Aerospace & Defense subindustry, Akasaka Diesels'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.
Akasaka Diesels Beneish M-Score vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Akasaka Diesels's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Akasaka Diesels's Beneish M-Score falls into.
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 Akasaka Diesels 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 * 0.8225
+
0.528 * 1.2179
+
0.404 * 1.3261
+
0.892 * 1.0622
+
0.115 * 0.8292
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.006885
-
0.327 * 1.0097
=
-2.40
* 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.
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.
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))
=
(439.899 / (439.899 + 3563.919))
/
(528.582 / (528.582 + 3460.763))
=
0.10987
/
0.132498
=
0.8292
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
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
=
(186.119 - 0
-
311.545)
/
18217.676
=
-0.006885
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.
Akasaka Diesels has a M-score of -2.40 suggests that the company is unlikely to be a manipulator.
Akasaka Diesels (TSE:6022) has a Beneish M-Score of -2.40 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Akasaka Diesels and its competitors. According to the industry distribution chart, Akasaka Diesels ranks #169 out of 326 companies in the Aerospace & Defense industry, placing it in the top 51.8%.
Is Akasaka Diesels' Beneish M-Score too high?
Akasaka Diesels' current Beneish M-Score is -2.40. Based on the distribution chart, Akasaka Diesels ranks #169 out of 326 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Akasaka Diesels has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Akasaka Diesels' Beneish M-Score compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Akasaka Diesels ranks #169 out of 326 companies for Beneish M-Score. This places Akasaka Diesels 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 an Aerospace & Defense company?
A good Beneish M-Score depends on the Aerospace & Defense 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 Akasaka Diesels and its competitors. Akasaka Diesels's current Beneish M-Score is -2.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Akasaka Diesels stock overvalued right now?
Based on GuruFocus' analysis, Akasaka Diesels (TSE:6022) is currently considered Fairly Valued. The stock's GF Value™ is 円2,571.81, compared to a current price of 円2,472.00 — trading 3.9% below its estimated fair value. The current Beneish M-Score is -2.40. Akasaka Diesels' overall GF Score™ is 65/100 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 Akasaka Diesels (TSE:6022), the current Beneish M-Score is -2.40 as of Jul. 16, 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 Akasaka Diesels (TSE:6022) Overvalued in 2026?
Based on GuruFocus' analysis, Akasaka Diesels stock appears to be undervalued.
The current stock price of 円2,472.00 is trading 3.9% below its estimated GF Value™ of 円2,571.81.
GuruFocus considers Akasaka Diesels to be Fairly Valued.
Key valuation signals for TSE:6022:
Beneish M-Score: -2.40
GF Value™: 円2,571.81 vs. price of 円2,472.00 (3.9% below fair value)
No single metric tells the full story. See the TSE:6022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Akasaka Diesels Ltd is a Japan-based machinery manufacturing company. It is mainly engaged in the design, manufacture, and sale of the marine diesel engine and other machinery and equipment. It offers marine and industrial machinery products including 4stroke engine, 2stroke engine, remote controller, institution monitoring equipment, vibration, and noise reduction technology, and air motor. The company is also engaged in selling and leasing of marine equipment, oceanographic instruments, environmental pollution control equipment, satellite utilization measuring equipment, astronomical observation equipment, castings, and forged steel products.
65GF Score
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