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LiguaTSE:7090 +2.72%63 Beneish M-Score is -3.70 as of Jul. 14, 2026. GuruFocus rates TSE:7090 with a GF Score™ of 63/100 and a GF Value™ of 円877.05 (Fairly Valued). The stock has 3 warning signs investors should review. Among 630 Healthcare Providers & Services companies, Ligua ranks better than 91.75% 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 -3.7 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Ligua's Beneish M-Score or its related term are showing as below:
TSE:7090'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.7 Med: -2.4 Max: -1.15
Current: -3.7
During the past 9 years, the highest Beneish M-Score of Ligua was -1.15. The lowest was -3.70. And the median was -2.40.
Ligua Beneish M-Score Related Terms
Ligua Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Ligua'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:7090 vs HCA, THC, DVA: Beneish M-Score Comparison
For the Medical Care Facilities subindustry, Ligua'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.
Ligua Beneish M-Score vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Ligua's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Ligua'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 Ligua 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 * 1.01
+
0.528 * 1.0096
+
0.404 * 0.655
+
0.892 * 0.8423
+
0.115 * 1.0346
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.202433
-
0.327 * 1.0292
=
-3.70
* 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))
=
(68.437 / (68.437 + 109.101))
/
(56.278 / (56.278 + 94.768))
=
0.385478
/
0.372588
=
1.0346
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
=
(-241.026 - 0
-
263.675)
/
2493.17
=
-0.202433
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.
Ligua has a M-score of -3.70 suggests that the company is unlikely to be a manipulator.
Ligua (TSE:7090) has a Beneish M-Score of -3.70 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ligua and its competitors. According to the industry distribution chart, Ligua ranks #52 out of 630 companies in the Healthcare Providers & Services industry, placing it in the top 8.3%.
Is Ligua's Beneish M-Score too high?
Ligua's current Beneish M-Score is -3.70. Based on the distribution chart, Ligua ranks #52 out of 630 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Ligua has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ligua's Beneish M-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Ligua ranks #52 out of 630 companies for Beneish M-Score. This places Ligua in the top 8% 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 Healthcare Providers & Services company?
A good Beneish M-Score depends on the Healthcare Providers & Services 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 Ligua and its competitors. Ligua's current Beneish M-Score is -3.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ligua stock overvalued right now?
Based on GuruFocus' analysis, Ligua (TSE:7090) is currently considered Fairly Valued. The stock's GF Value™ is 円877.05, compared to a current price of 円794.00 — trading 9.5% below its estimated fair value. The current Beneish M-Score is -3.70. Ligua's overall GF Score™ is 63/100 with 3 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 Ligua (TSE:7090), the current Beneish M-Score is -3.70 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 Ligua (TSE:7090) Overvalued in 2026?
Based on GuruFocus' analysis, Ligua stock appears to be undervalued.
The current stock price of 円794.00 is trading 9.5% below its estimated GF Value™ of 円877.05.
GuruFocus considers Ligua to be Fairly Valued.
Key valuation signals for TSE:7090:
Beneish M-Score: -3.70
GF Value™: 円877.05 vs. price of 円794.00 (9.5% below fair value)
No single metric tells the full story. See the TSE:7090 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ligua Inc is a consulting company providing management support to the healthcare industry for osteopaths. The company's services include sales office operations such as sales improvement, organizational management, executive education, and recruitment, to corporate management areas such as management of management figures and creation of business plans.
63GF Score
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