Rohm Co (TSE:6963) Beneish M-Score: -3.67 (As of Jun. 25, 2026)

What is Rohm Co Beneish M-Score?

Rohm Co TSE:6963 -3.05% 64 Beneish M-Score is -3.67 as of Jun. 25, 2026. GuruFocus rates TSE:6963 with a GF Score™ of 64/100 and a GF Value™ of 円2,506.10 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 987 Semiconductors companies, Rohm Co ranks better than 93.01% 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 -3.67 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:6963' s Beneish M-Score Range Over the Past 10 Years
Min: -3.67 Med: -2.63 Max: -2.11
Current: -3.67

During the past 13 years, the highest Beneish M-Score of Rohm Co was -2.11. The lowest was -3.67. And the median was -2.63.

Rohm Co Beneish M-Score Related Terms

Rohm Co Beneish M-Score Historical Data

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The historical data trend for Rohm 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.

Rohm Co Beneish M-Score Chart

Rohm Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Beneish M-Score

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-2.58

-2.68

-2.11

-2.64

-3.67

Rohm Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															-2.64	0.00	0.00	0.00	-3.67

TSE:6963 vs NVDA, AVGO, MU: Beneish M-Score Comparison

For the Semiconductors subindustry, Rohm 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.

Rohm Co Beneish M-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Rohm Co's Beneish M-Score distribution charts can be found below:

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

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64GF Score

Rohm Co Ltd TSE:6963

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

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Rohm 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 Rohm Co 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 * 0.9962

0.528 * 0.6915

0.404 * 0.6003

0.892 * 1.0729

0.115 * 0.9744

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * -0.193113

0.327 * 1.0758

-3.67

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was 円82,600 Mil.
Revenue was 円481,148 Mil.
Gross Profit was 円115,226 Mil.
Total Current Assets was 円750,137 Mil.
Total Assets was 円1,283,559 Mil.
Property, Plant and Equipment(Net PPE) was 円325,819 Mil.
Depreciation, Depletion and Amortization(DDA) was 円57,026 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円198,022 Mil.
Long-Term Debt & Capital Lease Obligation was 円300,000 Mil.
Net Income was 円-158,424 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円89,448 Mil.

Total Receivables was 円77,285 Mil.
Revenue was 円448,466 Mil.
Gross Profit was 円74,263 Mil.
Total Current Assets was 円561,245 Mil.
Total Assets was 円1,440,765 Mil.
Property, Plant and Equipment(Net PPE) was 円491,305 Mil.
Depreciation, Depletion and Amortization(DDA) was 円83,418 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円219,623 Mil.
Long-Term Debt & Capital Lease Obligation was 円300,000 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)
	=	(82600 / 481148)	/	(77285 / 448466)
	=	0.171673	/	0.172332
	=	0.9962

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)
	=	(74263 / 448466)	/	(115226 / 481148)
	=	0.165593	/	0.239481
	=	0.6915

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 - (750137 + 325819) / 1283559)	/	(1 - (561245 + 491305) / 1440765)
	=	0.16174	/	0.269451
	=	0.6003

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
	=	481148	/	448466
	=	1.0729

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))
	=	(83418 / (83418 + 491305))	/	(57026 / (57026 + 325819))
	=	0.145145	/	0.148953
	=	0.9744

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 / 481148)	/	(0 / 448466)
	=	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)
	=	((300000 + 198022) / 1283559)	/	((300000 + 219623) / 1440765)
	=	0.388001	/	0.360658
	=	1.0758

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
	=	(-158424 - 0	-	89448)	/	1283559
	=	-0.193113

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.

Rohm Co has a M-score of -3.67 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 -3.67 mean?

Rohm Co (TSE:6963) has a Beneish M-Score of -3.67 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Rohm Co and its competitors. According to the industry distribution chart, Rohm Co ranks #69 out of 987 companies in the Semiconductors industry, placing it in the top 7%.

Is Rohm Co's Beneish M-Score too high?

Rohm Co's current Beneish M-Score is -3.67. Based on the distribution chart, Rohm Co ranks #69 out of 987 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Rohm Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Rohm Co's Beneish M-Score compare to NVDA and AVGO?

According to the Semiconductors industry distribution chart, Rohm Co ranks #69 out of 987 companies for Beneish M-Score. This places Rohm Co in the top 7% 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 Semiconductors company?

A good Beneish M-Score depends on the Semiconductors 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 Rohm Co and its competitors. Rohm Co's current Beneish M-Score is -3.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Rohm Co stock overvalued right now?

Based on GuruFocus' analysis, Rohm Co (TSE:6963) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,506.10, compared to a current price of 円5,278.00 — trading 110.6% above its estimated fair value. The current Beneish M-Score is -3.67. Rohm Co's overall GF Score™ is 64/100 with 8 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 Rohm Co (TSE:6963), the current Beneish M-Score is -3.67 as of Jun. 25, 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 Rohm Co (TSE:6963) Overvalued in 2026?

Based on GuruFocus' analysis, Rohm Co stock appears to be overvalued. The current stock price of 円5,278.00 is trading 110.6% above its estimated GF Value™ of 円2,506.10. GuruFocus considers Rohm Co to be Significantly Overvalued.

Key valuation signals for TSE:6963:

Beneish M-Score: -3.67
GF Value™: 円2,506.10 vs. price of 円5,278.00 (110.6% above fair value)
GF Score™: 64/100 with 8 warning signs

No single metric tells the full story. See the TSE:6963 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Rohm Co Business Description

Industry Technology Semiconductors

Comparable Companies TSE:6890 TSE:3445 TSE:6966 TSE:6875 TSE:6707 TSE:3156 TSE:6613 TSE:2737 TSE:8084 TSE:6625 NVDA AVGO TPE:2330 XKRX:000660 MU AMD INTC TXN QCOM TSE:285A

Other Exchanges ROHCY:USA ROHCF:USA ROM:Germany

Address 21 Nishiin Mizozakicho, Ukyo-ku, Kyoto, JPN, 615-8585

Website https://www.rohm.co.jp

Rohm Co Ltd is a Japan-based company that manufactures and distributes electronic components for use in automotive, transportation, medical, healthcare, audiovisual, telecommunications, digital power, computer and peripherals, and home appliance end markets. The group operates through three reportable segments: LSI, Semiconductor Elements, and Modules. The LSI segment produces analog, logic, and memory LSIs; the Semiconductor Elements segment includes transistors, diodes, power devices, light-emitting diodes, and semiconductor lasers; and the Module segment produces print heads and optical modules.

64GF Score

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

円5,278.00

Price

円2,506.10

GF Value

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