Petgo (TSE:7140) Beneish M-Score: -0.56 (As of Jul. 14, 2026)

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TSE:7140 Petgo Corp TSE:7140
59 GF Score
Price 円803.00
GF Value 円797.54
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is Petgo Beneish M-Score?

Petgo TSE:7140 -0.25% 59 Beneish M-Score is -0.56 as of Jul. 14, 2026. GuruFocus rates TSE:7140 with a GF Score™ of 59/100 and a GF Value™ of 円797.54 (Fairly Valued). The stock has 9 warning signs investors should review. Among 630 Healthcare Providers & Services companies, Petgo ranks worse than 93.65% 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.

Warning Sign:

Beneish M-Score -0.56 higher than -1.78, which implies that the company might have manipulated its financial results.

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

TSE:7140' s Beneish M-Score Range Over the Past 10 Years
Min: -2.66   Med: -1.86   Max: -0.56
Current: -0.56

During the past 7 years, the highest Beneish M-Score of Petgo was -0.56. The lowest was -2.66. And the median was -1.86.


Petgo Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Petgo'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.

Petgo Beneish M-Score Chart

Petgo Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial -1.86 -1.71 -2.66 -2.20 -0.56

Petgo Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -2.66 0.00 -2.20 0.00 -0.56

TSE:7140 vs HCA, THC, DVA: Beneish M-Score Comparison

For the Medical Care Facilities subindustry, Petgo'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.


Petgo Beneish M-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Petgo's Beneish M-Score distribution charts can be found below:

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


TSE:7140
59GF Score
Petgo Corp TSE:7140
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Petgo 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 Petgo 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 * 1.3578+0.528 * 1.0142+0.404 * 6.1855+0.892 * 0.8215+0.115 * 0.8988
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.070476-0.327 * 1.0459
=-0.56

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was 円605 Mil.
Revenue was 円7,420 Mil.
Gross Profit was 円2,274 Mil.
Total Current Assets was 円2,601 Mil.
Total Assets was 円3,163 Mil.
Property, Plant and Equipment(Net PPE) was 円101 Mil.
Depreciation, Depletion and Amortization(DDA) was 円58 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円1,837 Mil.
Long-Term Debt & Capital Lease Obligation was 円219 Mil.
Net Income was 円-270 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円-47 Mil.
Total Receivables was 円542 Mil.
Revenue was 円9,033 Mil.
Gross Profit was 円2,807 Mil.
Total Current Assets was 円3,214 Mil.
Total Assets was 円3,311 Mil.
Property, Plant and Equipment(Net PPE) was 円19 Mil.
Depreciation, Depletion and Amortization(DDA) was 円9 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円1,777 Mil.
Long-Term Debt & Capital Lease Obligation was 円280 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)
=(604.839 / 7420.426) / (542.233 / 9032.575)
=0.08151 / 0.060031
=1.3578

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)
=(2807.267 / 9032.575) / (2274.031 / 7420.426)
=0.310794 / 0.306456
=1.0142

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 - (2601.475 + 101.351) / 3163.309) / (1 - (3213.675 + 19.03) / 3310.616)
=0.14557 / 0.023534
=6.1855

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
=7420.426 / 9032.575
=0.8215

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))
=(9.267 / (9.267 + 19.03)) / (58.097 / (58.097 + 101.351))
=0.327491 / 0.364363
=0.8988

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 / 7420.426) / (0 / 9032.575)
=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)
=((218.585 + 1836.804) / 3163.309) / ((279.992 + 1776.663) / 3310.616)
=0.649759 / 0.62123
=1.0459

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
=(-269.893 - 0 - -46.955) / 3163.309
=-0.070476

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.

Petgo has a M-score of -0.56 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -0.56 mean?
Petgo (TSE:7140) has a Beneish M-Score of -0.56 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Petgo and its competitors. According to the industry distribution chart, Petgo ranks #590 out of 630 companies in the Healthcare Providers & Services industry, placing it in the top 93.7%.
Is Petgo's Beneish M-Score too high?
Petgo's current Beneish M-Score is -0.56. Based on the distribution chart, Petgo ranks #590 out of 630 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Petgo has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Petgo's Beneish M-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Petgo ranks #590 out of 630 companies for Beneish M-Score. This places Petgo 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 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 Petgo and its competitors. Petgo's current Beneish M-Score is -0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Petgo stock overvalued right now?
Based on GuruFocus' analysis, Petgo (TSE:7140) is currently considered Fairly Valued. The stock's GF Value™ is 円797.54, compared to a current price of 円803.00 — trading 0.7% above its estimated fair value. The current Beneish M-Score is -0.56. Petgo's overall GF Score™ is 59/100 with 9 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 Petgo (TSE:7140), the current Beneish M-Score is -0.56 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 Petgo (TSE:7140) Overvalued in 2026?

Based on GuruFocus' analysis, Petgo stock appears to be overvalued. The current stock price of 円803.00 is trading 0.7% above its estimated GF Value™ of 円797.54. GuruFocus considers Petgo to be Fairly Valued.

Key valuation signals for TSE:7140:

  • Beneish M-Score: -0.56
  • GF Value™: 円797.54 vs. price of 円803.00 (0.7% above fair value)
  • GF Score™: 59/100 with 9 warning signs

No single metric tells the full story. See the TSE:7140 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Petgo Business Description

Address 1-32-2 Honcho, Harmony Tower 12th Floor, Nakano-ku, Tokyo, JPN, 164-0012
Petgo Corp is engaged in the pet healthcare business.
59GF Score

Get the complete analysis for TSE:7140

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

円803.00
Price
円797.54
GF Value