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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 -2.67 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Tsubaki Nakashima Co's Beneish M-Score or its related term are showing as below:
TSE:6464'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.88 Med: -2.48 Max: -1.73
Current: -2.67
During the past 13 years, the highest Beneish M-Score of Tsubaki Nakashima Co was -1.73. The lowest was -2.88. And the median was -2.48.
Tsubaki Nakashima Co Beneish M-Score Related Terms
Tsubaki Nakashima Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Tsubaki Nakashima 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.
TSE:6464 vs SNA, RBC, LECO: Beneish M-Score Comparison
For the Tools & Accessories subindustry, Tsubaki Nakashima 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.
Tsubaki Nakashima Co Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Tsubaki Nakashima Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Tsubaki Nakashima Co'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 Tsubaki Nakashima 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 * 0.7995
+
0.528 * 3.2423
+
0.404 * 0.6107
+
0.892 * 1.1839
+
0.115 * 0.6735
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.4012
+
4.679 * -0.225615
-
0.327 * 1.1187
=
-2.67
* 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))
=
(2543 / (2543 + 36392))
/
(3853 / (3853 + 35881))
=
0.065314
/
0.09697
=
0.6735
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
=
(-26123 - 0
-
8171)
/
152002
=
-0.225615
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.
Tsubaki Nakashima Co has a M-score of -2.67 suggests that the company is unlikely to be a manipulator.
Tsubaki Nakashima Co (TSE:6464) has a Beneish M-Score of -2.67 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Tsubaki Nakashima Co and its competitors. According to the industry distribution chart, Tsubaki Nakashima Co ranks #887 out of 2912 companies in the Industrial Products industry, placing it in the top 30.5%.
Is Tsubaki Nakashima Co's Beneish M-Score too high?
Tsubaki Nakashima Co's current Beneish M-Score is -2.67. Based on the distribution chart, Tsubaki Nakashima Co ranks #887 out of 2912 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Tsubaki Nakashima Co has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tsubaki Nakashima Co's Beneish M-Score compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Tsubaki Nakashima Co ranks #887 out of 2912 companies for Beneish M-Score. This puts Tsubaki Nakashima 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Tsubaki Nakashima Co and its competitors. Tsubaki Nakashima Co's current Beneish M-Score is -2.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsubaki Nakashima Co stock overvalued right now?
Based on GuruFocus' analysis, Tsubaki Nakashima Co (TSE:6464) is currently considered Possible Value Trap. The stock's GF Value™ is 円656.59, compared to a current price of 円405.00 — trading 38.3% below its estimated fair value. The current Beneish M-Score is -2.67. Tsubaki Nakashima Co's overall GF Score™ is 49/100 with 7 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 Tsubaki Nakashima Co (TSE:6464), the current Beneish M-Score is -2.67 as of Jul. 14, 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 Tsubaki Nakashima Co (TSE:6464) Overvalued in 2026?
Based on GuruFocus' analysis, Tsubaki Nakashima Co stock appears to be undervalued.
The current stock price of 円405.00 is trading 38.3% below its estimated GF Value™ of 円656.59.
GuruFocus considers Tsubaki Nakashima Co to be Possible Value Trap.
Key valuation signals for TSE:6464:
Beneish M-Score: -2.67
GF Value™: 円656.59 vs. price of 円405.00 (38.3% below fair value)
No single metric tells the full story. See the TSE:6464 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tsubaki Nakashima Co Ltd is Japanese based steel balls and precision products, manufacturer. The company is engaged in the production and sale of industrial precision balls, rollers, ball screws, large-scale blowers, cages and sheet metal parts. Its products are used for bearing and other applications such as transportation equipment, home appliances, machine tools, robots, drone, automation equipment, ballpoint pen, and cosmetic spray.
49GF Score
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