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Seiko GroupTSE:8050 -3.09%73 Beneish M-Score is -2.57 as of Sep. 04, 2026. GuruFocus rates TSE:8050 with a GF Score™ of 73/100 and a GF Value™ of 円2,526.80 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,000 Manufacturing - Apparel & Accessories companies, Seiko Group ranks better than 54.6% 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 -2.57 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Seiko Group's Beneish M-Score or its related term are showing as below:
TSE:8050'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.81 Med: -2.6 Max: -2.4
Current: -2.57
During the past 13 years, the highest Beneish M-Score of Seiko Group was -2.40. The lowest was -2.81. And the median was -2.60.
The historical data trend for Seiko Group'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:8050 vs NKE, DECK, ONON: Beneish M-Score Comparison
For the Footwear & Accessories subindustry, Seiko Group'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.
Seiko Group Beneish M-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Seiko Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Seiko Group'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 Seiko Group 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 * 1.012
+
0.528 * 0.9728
+
0.404 * 0.9565
+
0.892 * 1.1015
+
0.115 * 1.0249
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.038525
-
0.327 * 0.9501
=
-2.57
* 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))
=
(14307 / (14307 + 112995))
/
(14085 / (14085 + 114365))
=
0.112386
/
0.109654
=
1.0249
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
=
(21980 - 0
-
36769)
/
383881
=
-0.038525
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.
Seiko Group has a M-score of -2.57 suggests that the company is unlikely to be a manipulator.
Seiko Group (TSE:8050) has a Beneish M-Score of -2.57 as of Sep. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Seiko Group and its competitors. According to the industry distribution chart, Seiko Group ranks #454 out of 1000 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 45.4%.
Is Seiko Group's Beneish M-Score too high?
Seiko Group's current Beneish M-Score is -2.57. Based on the distribution chart, Seiko Group ranks #454 out of 1000 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Seiko Group has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Seiko Group's Beneish M-Score compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Seiko Group ranks #454 out of 1000 companies for Beneish M-Score. This puts Seiko Group in the upper 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Seiko Group and its competitors. Seiko Group's current Beneish M-Score is -2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seiko Group stock overvalued right now?
Based on GuruFocus' analysis, Seiko Group (TSE:8050) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,526.80, compared to a current price of 円10,350.00 — trading 309.6% above its estimated fair value. The current Beneish M-Score is -2.57. Seiko Group's overall GF Score™ is 73/100 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 Seiko Group (TSE:8050), the current Beneish M-Score is -2.57 as of Sep. 04, 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 Seiko Group (TSE:8050) Overvalued in 2026?
Based on GuruFocus' analysis, Seiko Group stock appears to be overvalued.
The current stock price of 円10,350.00 is trading 309.6% above its estimated GF Value™ of 円2,526.80.
GuruFocus considers Seiko Group to be Significantly Overvalued.
Key valuation signals for TSE:8050:
Beneish M-Score: -2.57
GF Value™: 円2,526.80 vs. price of 円10,350.00 (309.6% above fair value)
No single metric tells the full story. See the TSE:8050 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Seiko Group Corp is a Japanese manufacturer of watches and electronic devices. The company organizes itself into four segments, based on product type: watches, electronic devices, systems solutions, and others. The watches business, which contributes more than half of the company's revenue, manufactures men's and ladies' fashion watches. The electronic devices business, the next most significant contributor to revenue, produces components such as semiconductors, camera shutters, inkjet print heads, thermal printers, micro-batteries, and radiation-measuring equipment. Combined sales in the watches and electronic devices segments constitute the vast majority of consolidated revenue. The company derives approximately half its revenue domestically.
73GF Score
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