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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 -2.35 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Starzen Co's Beneish M-Score or its related term are showing as below:
TSE:8043'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.59 Med: -2.39 Max: -1.96
Current: -2.35
During the past 13 years, the highest Beneish M-Score of Starzen Co was -1.96. The lowest was -2.59. And the median was -2.39.
Starzen Co Beneish M-Score Related Terms
Starzen Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Starzen 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.
For the Packaged Foods subindustry, Starzen 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.
Starzen Co Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Starzen Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Starzen 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 Starzen 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 * 0.9947
+
0.528 * 0.9747
+
0.404 * 1.0733
+
0.892 * 1.0277
+
0.115 * 0.9919
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * 0.026675
-
0.327 * 1.089
=
-2.35
* 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))
=
(3315 / (3315 + 33195))
/
(4256 / (4256 + 42237))
=
0.090797
/
0.091541
=
0.9919
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
=
(8338 - 0
-
2946)
/
202134
=
0.026675
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.
Starzen Co has a M-score of -2.35 suggests that the company is unlikely to be a manipulator.
Starzen Co (TSE:8043) has a Beneish M-Score of -2.35 as of Jul. 17, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Starzen Co and its competitors. According to the industry distribution chart, Starzen Co ranks #1163 out of 1852 companies in the Consumer Packaged Goods industry, placing it in the top 62.8%.
Is Starzen Co's Beneish M-Score too high?
Starzen Co's current Beneish M-Score is -2.35. Based on the distribution chart, Starzen Co ranks #1163 out of 1852 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Starzen Co has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Starzen Co's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Starzen Co ranks #1163 out of 1852 companies for Beneish M-Score. This places Starzen 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Starzen Co and its competitors. Starzen Co's current Beneish M-Score is -2.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starzen Co stock overvalued right now?
Based on GuruFocus' analysis, Starzen Co (TSE:8043) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,061.21, compared to a current price of 円1,282.00 — trading 20.8% above its estimated fair value. The current Beneish M-Score is -2.35. Starzen Co's overall GF Score™ is 72/100 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 Starzen Co (TSE:8043), the current Beneish M-Score is -2.35 as of Jul. 17, 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 Starzen Co (TSE:8043) Overvalued in 2026?
Based on GuruFocus' analysis, Starzen Co stock appears to be overvalued.
The current stock price of 円1,282.00 is trading 20.8% above its estimated GF Value™ of 円1,061.21.
GuruFocus considers Starzen Co to be Modestly Overvalued.
Key valuation signals for TSE:8043:
Beneish M-Score: -2.35
GF Value™: 円1,061.21 vs. price of 円1,282.00 (20.8% above fair value)
No single metric tells the full story. See the TSE:8043 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Starzen Co Ltd is a food processing company based in Japan that offers meat and meat products. It is also involved in pig and cattle farming and fattening. The company offers ham bacon, sausages, and processed meat which are sold to supermarkets, meat specialty stores, department stores, family restaurants, fast food chains, convenience stores, co-ops, food processing companies, meat wholesale traders, and others.
72GF Score
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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