Procrea Holdings (TSE:7384) Beneish M-Score: -2.11 (As of Jul. 14, 2026)

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TSE:7384 Procrea Holdings Inc TSE:7384
33 GF Score
Price 円4,040.00
GF Value 円2,054.58
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Procrea Holdings Beneish M-Score?

Procrea Holdings TSE:7384 -0.62% 33 Beneish M-Score is -2.11 as of Jul. 14, 2026. GuruFocus rates TSE:7384 with a GF Score™ of 33/100 and a GF Value™ of 円2,054.58 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,399 Banks companies, Procrea Holdings ranks worse than 86.42% 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 -2.11 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:7384' s Beneish M-Score Range Over the Past 10 Years
Min: -2.8   Med: -2.46   Max: -2.11
Current: -2.11

During the past 4 years, the highest Beneish M-Score of Procrea Holdings was -2.11. The lowest was -2.80. And the median was -2.46.

TSE:7384
33GF Score
Procrea Holdings Inc TSE:7384
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Procrea Holdings 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 Procrea Holdings 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 * 1.039+0.115 * 0.8362
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8892+4.679 * 0.036206-0.327 * 0.4907
=-2.11

* 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76,649 Mil.
Gross Profit was 円76,649 Mil.
Total Current Assets was 円0 Mil.
Total Assets was 円5,845,495 Mil.
Property, Plant and Equipment(Net PPE) was 円28,563 Mil.
Depreciation, Depletion and Amortization(DDA) was 円4,712 Mil.
Selling, General, & Admin. Expense(SGA) was 円41,618 Mil.
Total Current Liabilities was 円0 Mil.
Long-Term Debt & Capital Lease Obligation was 円198,793 Mil.
Net Income was 円3,783 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円-207,861 Mil.
 Total Receivables was 円0 Mil.
Revenue was 円73,772 Mil.
Gross Profit was 円73,772 Mil.
Total Current Assets was 円0 Mil.
Total Assets was 円6,061,642 Mil.
Property, Plant and Equipment(Net PPE) was 円29,473 Mil.
Depreciation, Depletion and Amortization(DDA) was 円3,959 Mil.
Selling, General, & Admin. Expense(SGA) was 円45,047 Mil.
Total Current Liabilities was 円0 Mil.
Long-Term Debt & Capital Lease Obligation was 円420,065 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 / 76649) / (0 / 73772)
=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)
=(73772 / 73772) / (76649 / 76649)
=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 + 28563) / 5845495) / (1 - (0 + 29473) / 6061642)
=0.995114 / 0.995138
=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
=76649 / 73772
=1.039

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))
=(3959 / (3959 + 29473)) / (4712 / (4712 + 28563))
=0.118419 / 0.141608
=0.8362

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)
=(41618 / 76649) / (45047 / 73772)
=0.542969 / 0.610625
=0.8892

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)
=((198793 + 0) / 5845495) / ((420065 + 0) / 6061642)
=0.034008 / 0.069299
=0.4907

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
=(3783 - 0 - -207861) / 5845495
=0.036206

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.

Procrea Holdings has a M-score of -2.11 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 -2.11 mean?
Procrea Holdings (TSE:7384) has a Beneish M-Score of -2.11 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Procrea Holdings and its competitors. According to the industry distribution chart, Procrea Holdings ranks #1209 out of 1399 companies in the Banks industry, placing it in the top 86.4%.
Is Procrea Holdings' Beneish M-Score too high?
Procrea Holdings' current Beneish M-Score is -2.11. Based on the distribution chart, Procrea Holdings ranks #1209 out of 1399 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Procrea Holdings has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Procrea Holdings' Beneish M-Score compare to competitors?
According to the Banks industry distribution chart, Procrea Holdings ranks #1209 out of 1399 companies for Beneish M-Score. This places Procrea Holdings 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 Procrea Holdings and its competitors. Procrea Holdings's current Beneish M-Score is -2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Procrea Holdings stock overvalued right now?
Based on GuruFocus' analysis, Procrea Holdings (TSE:7384) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,054.58, compared to a current price of 円4,040.00 — trading 96.6% above its estimated fair value. The current Beneish M-Score is -2.11. Procrea Holdings' overall GF Score™ is 33/100 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 Procrea Holdings (TSE:7384), the current Beneish M-Score is -2.11 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 Procrea Holdings (TSE:7384) Overvalued in 2026?

Based on GuruFocus' analysis, Procrea Holdings stock appears to be overvalued. The current stock price of 円4,040.00 is trading 96.6% above its estimated GF Value™ of 円2,054.58. GuruFocus considers Procrea Holdings to be Significantly Overvalued.

Key valuation signals for TSE:7384:

  • Beneish M-Score: -2.11
  • GF Value™: 円2,054.58 vs. price of 円4,040.00 (96.6% above fair value)
  • GF Score™: 33/100 with 5 warning signs

No single metric tells the full story. See the TSE:7384 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Procrea Holdings Business Description

Address 1-3-1, Katta, Aomori Prefecture, Aomori, JPN, 030-8622
Procrea Holdings Inc is engaged in Management of banks and companies that can be designated subsidiaries under the Banking Law, and all business incidental thereto, and Other business that a bank holding company may carry out under the Banking Act.
33GF Score

Get the complete analysis for TSE:7384

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

円4,040.00
Price
円2,054.58
GF Value