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Hokushin CoTSE:7897 53 Beneish M-Score is -2.82 as of Aug. 23, 2026. GuruFocus rates TSE:7897 with a GF Score™ of 53/100 and a GF Value™ of 円104.72 (Fairly Valued). The stock has 7 warning signs investors should review. Among 273 Forest Products companies, Hokushin Co ranks better than 76.56% 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 -2.82 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Hokushin Co's Beneish M-Score or its related term are showing as below:
TSE:7897'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.07 Med: -2.56 Max: -1.81
Current: -2.82
During the past 13 years, the highest Beneish M-Score of Hokushin Co was -1.81. The lowest was -3.07. And the median was -2.56.
The historical data trend for Hokushin Co'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:7897 vs SSD, UFPI, BCC: Beneish M-Score Comparison
For the Lumber & Wood Production subindustry, Hokushin Co'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.
Hokushin Co Beneish M-Score vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Hokushin Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Hokushin Co'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 Hokushin 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 * 0.7715
+
0.528 * 0.9797
+
0.404 * 1.5151
+
0.892 * 1.0042
+
0.115 * 0.9508
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.07277
-
0.327 * 0.9444
=
-2.82
* 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))
=
(307.895 / (307.895 + 5488.372))
/
(323.658 / (323.658 + 5469.822))
=
0.05312
/
0.055866
=
0.9508
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
=
(-27.58 - 0
-
923.459)
/
13069.083
=
-0.07277
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.
Hokushin Co has a M-score of -2.82 suggests that the company is unlikely to be a manipulator.
Hokushin Co (TSE:7897) has a Beneish M-Score of -2.82 as of Aug. 23, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hokushin Co and its competitors. According to the industry distribution chart, Hokushin Co ranks #64 out of 273 companies in the Forest Products industry, placing it in the top 23.4%.
Is Hokushin Co's Beneish M-Score too high?
Hokushin Co's current Beneish M-Score is -2.82. Based on the distribution chart, Hokushin Co ranks #64 out of 273 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Hokushin Co has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hokushin Co's Beneish M-Score compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Hokushin Co ranks #64 out of 273 companies for Beneish M-Score. This places Hokushin Co in the top 23% 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 Forest Products company?
A good Beneish M-Score depends on the Forest Products 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 Hokushin Co and its competitors. Hokushin Co's current Beneish M-Score is -2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokushin Co stock overvalued right now?
Based on GuruFocus' analysis, Hokushin Co (TSE:7897) is currently considered Fairly Valued. The stock's GF Value™ is 円104.72, compared to a current price of 円106.00 — trading 1.2% above its estimated fair value. The current Beneish M-Score is -2.82. Hokushin Co's overall GF Score™ is 53/100 with 7 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 Hokushin Co (TSE:7897), the current Beneish M-Score is -2.82 as of Aug. 23, 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 Hokushin Co (TSE:7897) Overvalued in 2026?
Based on GuruFocus' analysis, Hokushin Co stock appears to be overvalued.
The current stock price of 円106.00 is trading 1.2% above its estimated GF Value™ of 円104.72.
GuruFocus considers Hokushin Co to be Fairly Valued.
Key valuation signals for TSE:7897:
Beneish M-Score: -2.82
GF Value™: 円104.72 vs. price of 円106.00 (1.2% above fair value)
No single metric tells the full story. See the TSE:7897 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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