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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 -2.34 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for FreakOut Holdings's Beneish M-Score or its related term are showing as below:
TSE:6094'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.11 Med: -2.29 Max: -0.75
Current: -2.34
During the past 13 years, the highest Beneish M-Score of FreakOut Holdings was -0.75. The lowest was -3.11. And the median was -2.29.
FreakOut Holdings Beneish M-Score Related Terms
FreakOut Holdings Beneish M-Score Historical Data
* Premium members only.
The historical data trend for FreakOut Holdings'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:6094 vs APP, OMC, TTD: Beneish M-Score Comparison
For the Advertising Agencies subindustry, FreakOut Holdings'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.
FreakOut Holdings Beneish M-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, FreakOut Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where FreakOut Holdings'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 FreakOut Holdings 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 * 1.115
+
0.528 * 1.0138
+
0.404 * 1.0619
+
0.892 * 0.9732
+
0.115 * 1.4165
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9798
+
4.679 * 0.007761
-
0.327 * 1.1941
=
-2.34
* 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))
=
(4354.523 / (4354.523 + 490.774))
/
(1183.336 / (1183.336 + 681.838))
=
0.898711
/
0.634437
=
1.4165
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
=
(275.472 - 0
-
-36.586)
/
40210.208
=
0.007761
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.
FreakOut Holdings has a M-score of -2.34 suggests that the company is unlikely to be a manipulator.
FreakOut Holdings (TSE:6094) has a Beneish M-Score of -2.34 as of Jul. 19, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on FreakOut Holdings and its competitors. According to the industry distribution chart, FreakOut Holdings ranks #641 out of 973 companies in the Media - Diversified industry, placing it in the top 65.9%.
Is FreakOut Holdings' Beneish M-Score too high?
FreakOut Holdings' current Beneish M-Score is -2.34. Based on the distribution chart, FreakOut Holdings ranks #641 out of 973 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, FreakOut Holdings has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FreakOut Holdings' Beneish M-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, FreakOut Holdings ranks #641 out of 973 companies for Beneish M-Score. This places FreakOut Holdings 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 FreakOut Holdings and its competitors. FreakOut Holdings's current Beneish M-Score is -2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FreakOut Holdings stock overvalued right now?
Based on GuruFocus' analysis, FreakOut Holdings (TSE:6094) is currently considered Significantly Undervalued. The stock's GF Value™ is 円919.82, compared to a current price of 円523.00 — trading 43.1% below its estimated fair value. The current Beneish M-Score is -2.34. FreakOut Holdings' overall GF Score™ is 65/100 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 FreakOut Holdings (TSE:6094), the current Beneish M-Score is -2.34 as of Jul. 19, 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 FreakOut Holdings (TSE:6094) Overvalued in 2026?
Based on GuruFocus' analysis, FreakOut Holdings stock appears to be undervalued.
The current stock price of 円523.00 is trading 43.1% below its estimated GF Value™ of 円919.82.
GuruFocus considers FreakOut Holdings to be Significantly Undervalued.
Key valuation signals for TSE:6094:
Beneish M-Score: -2.34
GF Value™: 円919.82 vs. price of 円523.00 (43.1% below fair value)
No single metric tells the full story. See the TSE:6094 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FreakOut Holdings Inc is a digital marketing technology company. Its operating segments include Advertising Business, Investment Business, and Influencer Marketing Business. The Advertising Business offers a mobile marketing platform, Red, an advertising platform targeting premium media, Scarlet, a next-generation YouTube ad space purchasing system, GP that enables video contextual targeting with brand safety functions, and a native ad platform. The Investment Business focuses on IT ventures with growth potential, aiming to enhance corporate value through strategic investments. The Influencer Marketing Business supports creators with promotions, content production, and channel management. The Other segment offers internal management services for domestic and overseas group companies.
65GF Score
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