Japan Post Bank Co (TSE:7182) Beneish M-Score: -2.25 (As of Jun. 26, 2026)


TSE:7182 Japan Post Bank Co Ltd TSE:7182
59 GF Score
Price 円3,069.00
GF Value 円1,548.17
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Japan Post Bank Co Beneish M-Score?

Japan Post Bank Co TSE:7182 -1.64% 59 Beneish M-Score is -2.25 as of Jun. 26, 2026. GuruFocus rates TSE:7182 with a GF Score™ of 59/100 and a GF Value™ of 円1,548.17 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,397 Banks companies, Japan Post Bank Co ranks worse than 74.8% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -2.25 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:7182' s Beneish M-Score Range Over the Past 10 Years
Min: -121.36   Med: -2.55   Max: -2.22
Current: -2.25

During the past 12 years, the highest Beneish M-Score of Japan Post Bank Co was -2.22. The lowest was -121.36. And the median was -2.55.

TSE:7182
59GF Score
Japan Post Bank Co Ltd TSE:7182
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Japan Post Bank 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 Japan Post Bank 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 * 1+0.528 * 1+0.404 * 1+0.892 * 1.0918+0.115 * 0.8497
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9477+4.679 * 0.043973-0.327 * 1.1581
=-2.25

* 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0 Mil.
Revenue was 円1,834,500 Mil.
Gross Profit was 円1,834,500 Mil.
Total Current Assets was 円0 Mil.
Total Assets was 円226,571,574 Mil.
Property, Plant and Equipment(Net PPE) was 円176,188 Mil.
Depreciation, Depletion and Amortization(DDA) was 円51,590 Mil.
Selling, General, & Admin. Expense(SGA) was 円946,425 Mil.
Total Current Liabilities was 円0 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,819,400 Mil.
Net Income was 円525,583 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円-9,437,450 Mil.
 Total Receivables was 円0 Mil.
Revenue was 円1,680,312 Mil.
Gross Profit was 円1,680,312 Mil.
Total Current Assets was 円0 Mil.
Total Assets was 円233,601,531 Mil.
Property, Plant and Equipment(Net PPE) was 円191,935 Mil.
Depreciation, Depletion and Amortization(DDA) was 円45,744 Mil.
Selling, General, & Admin. Expense(SGA) was 円914,753 Mil.
Total Current Liabilities was 円0 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,510,100 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)
=(0 / 1834500) / (0 / 1680312)
=0 / 0
=1

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)
=(1680312 / 1680312) / (1834500 / 1834500)
=1 / 1
=1

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 - (0 + 176188) / 226571574) / (1 - (0 + 191935) / 233601531)
=0.999222 / 0.999178
=1

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
=1834500 / 1680312
=1.0918

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))
=(45744 / (45744 + 191935)) / (51590 / (51590 + 176188))
=0.192461 / 0.226492
=0.8497

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)
=(946425 / 1834500) / (914753 / 1680312)
=0.515904 / 0.544395
=0.9477

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)
=((2819400 + 0) / 226571574) / ((2510100 + 0) / 233601531)
=0.012444 / 0.010745
=1.1581

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
=(525583 - 0 - -9437450) / 226571574
=0.043973

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.

Japan Post Bank Co has a M-score of -2.25 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 -2.25 mean?
Japan Post Bank Co (TSE:7182) has a Beneish M-Score of -2.25 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Japan Post Bank Co and its competitors. According to the industry distribution chart, Japan Post Bank Co ranks #1045 out of 1397 companies in the Banks industry, placing it in the top 74.8%.
Is Japan Post Bank Co's Beneish M-Score too high?
Japan Post Bank Co's current Beneish M-Score is -2.25. Based on the distribution chart, Japan Post Bank Co ranks #1045 out of 1397 companies in the Banks industry, which is below the industry midpoint. Overall, Japan Post Bank Co has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Post Bank Co's Beneish M-Score compare to competitors?
According to the Banks industry distribution chart, Japan Post Bank Co ranks #1045 out of 1397 companies for Beneish M-Score. This places Japan Post Bank Co 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Japan Post Bank Co and its competitors. Japan Post Bank Co's current Beneish M-Score is -2.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Post Bank Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Post Bank Co (TSE:7182) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,548.17, compared to a current price of 円3,069.00 — trading 98.2% above its estimated fair value. The current Beneish M-Score is -2.25. Japan Post Bank Co's overall GF Score™ is 59/100 with 5 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 Japan Post Bank Co (TSE:7182), the current Beneish M-Score is -2.25 as of Jun. 26, 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 Japan Post Bank Co (TSE:7182) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Post Bank Co stock appears to be overvalued. The current stock price of 円3,069.00 is trading 98.2% above its estimated GF Value™ of 円1,548.17. GuruFocus considers Japan Post Bank Co to be Significantly Overvalued.

Key valuation signals for TSE:7182:

  • Beneish M-Score: -2.25
  • GF Value™: 円1,548.17 vs. price of 円3,069.00 (98.2% above fair value)
  • GF Score™: 59/100 with 5 warning signs

No single metric tells the full story. See the TSE:7182 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Japan Post Bank Co Business Description

Address 2-3-1 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-8793
Japan Post Bank Co Ltd is the successor of the postal-savings system dating to the Meiji era. It was partially privatized in 2015, when the government sold to the public an 11% stake in parent company Japan Post Holdings, which in turn sold 11% stakes in Japan Post Bank and Japan Post Insurance to the public. Japan Post Bank is now 64% owned by Japan Post Holdings, which is majority owned by the government. The law requires Japan Post Holdings to divest itself of Japan Post Bank eventually. Japan Post Bank has 235 direct branches and also accepts deposits and sells investment products at more than 24,000 post offices across the country through a sales-agency agreement with Japan Post (an unlisted subsidiary of Japan Post Holdings).
59GF Score

Get the complete analysis for TSE:7182

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

円3,069.00
Price
円1,548.17
GF Value