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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 -2.52 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Murakami's Beneish M-Score or its related term are showing as below:
TSE:7292'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.72 Med: -2.61 Max: -2.34
Current: -2.52
During the past 13 years, the highest Beneish M-Score of Murakami was -2.34. The lowest was -2.72. And the median was -2.61.
Murakami Beneish M-Score Related Terms
Murakami Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Murakami'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.
For the Auto Parts subindustry, Murakami'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.
Murakami Beneish M-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Murakami's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Murakami'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 Murakami 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 * 0.9834
+
0.528 * 0.9916
+
0.404 * 1.241
+
0.892 * 1.059
+
0.115 * 0.9854
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1908
+
4.679 * -0.031584
-
0.327 * 0.9503
=
-2.52
* 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))
=
(4148 / (4148 + 26033))
/
(4452 / (4452 + 27467))
=
0.137437
/
0.139478
=
0.9854
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
=
(6079 - 0
-
9938)
/
122183
=
-0.031584
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.
Murakami has a M-score of -2.52 suggests that the company is unlikely to be a manipulator.
Murakami (TSE:7292) has a Beneish M-Score of -2.52 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Murakami and its competitors. According to the industry distribution chart, Murakami ranks #677 out of 1274 companies in the Vehicles & Parts industry, placing it in the top 53.1%.
Is Murakami's Beneish M-Score too high?
Murakami's current Beneish M-Score is -2.52. Based on the distribution chart, Murakami ranks #677 out of 1274 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Murakami has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Murakami's Beneish M-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Murakami ranks #677 out of 1274 companies for Beneish M-Score. This places Murakami 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Murakami and its competitors. Murakami's current Beneish M-Score is -2.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Murakami stock overvalued right now?
Based on GuruFocus' analysis, Murakami (TSE:7292) is currently considered Modestly Overvalued. The stock's GF Value™ is 円5,936.50, compared to a current price of 円6,760.00 — trading 13.9% above its estimated fair value. The current Beneish M-Score is -2.52. Murakami's overall GF Score™ is 84/100 with 4 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 Murakami (TSE:7292), the current Beneish M-Score is -2.52 as of Jul. 16, 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 Murakami (TSE:7292) Overvalued in 2026?
Based on GuruFocus' analysis, Murakami stock appears to be overvalued.
The current stock price of 円6,760.00 is trading 13.9% above its estimated GF Value™ of 円5,936.50.
GuruFocus considers Murakami to be Modestly Overvalued.
Key valuation signals for TSE:7292:
Beneish M-Score: -2.52
GF Value™: 円5,936.50 vs. price of 円6,760.00 (13.9% above fair value)
No single metric tells the full story. See the TSE:7292 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Murakami Corp manufactures and sells rear-view mirrors for automobiles and optical thin-film materials. The company offers rear-view mirror products, including hydrophilic clear mirrors, electro-chromic mirrors, aspheric mirrors, powerfold units, actuators, blind spot indicator mirrors, auto powerfold mirrors, exterior rear view mirrors with turn lamps and side cameras, projection lamps, and actuator units for electric vehicle inlet. It also provides opt-electronics solutions covering video equipment, such as dichronic mirrors and filters, UV cut and IR cut filters, bandpass filters, trimming filters, half mirrors for use in projectors, digital cameras. In addition, it offers various components, including projection mirror actuator units, navigation stands, and active spoiler controllers.
84GF Score
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