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Narasakingyo CoTSE:8085 77 Beneish M-Score is -2.49 as of Jul. 14, 2026. GuruFocus rates TSE:8085 with a GF Score™ of 77/100 and a GF Value™ of 円3,428.20 (Modestly Overvalued). Among 152 Industrial Distribution companies, Narasakingyo Co ranks worse than 63.16% 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 -2.49 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Narasakingyo Co's Beneish M-Score or its related term are showing as below:
TSE:8085'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.75 Med: -2.48 Max: -2.25
Current: -2.49
During the past 13 years, the highest Beneish M-Score of Narasakingyo Co was -2.25. The lowest was -2.75. And the median was -2.48.
Narasakingyo Co Beneish M-Score Related Terms
Narasakingyo Co Beneish M-Score Historical Data
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The historical data trend for Narasakingyo 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:8085 vs GWW, FAST, FERG: Beneish M-Score Comparison
For the Industrial Distribution subindustry, Narasakingyo 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.
Narasakingyo Co Beneish M-Score vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Narasakingyo Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Narasakingyo 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 Narasakingyo 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 * 0.9132
+
0.528 * 0.9968
+
0.404 * 1.1379
+
0.892 * 1.0691
+
0.115 * 0.9921
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9017
+
4.679 * -0.012336
-
0.327 * 1.0003
=
-2.49
* 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))
=
(670 / (670 + 8821))
/
(748 / (748 + 9764))
=
0.070593
/
0.071157
=
0.9921
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
=
(2242 - 0
-
3014)
/
62579
=
-0.012336
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.
Narasakingyo Co has a M-score of -2.49 suggests that the company is unlikely to be a manipulator.
Narasakingyo Co (TSE:8085) has a Beneish M-Score of -2.49 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Narasakingyo Co and its competitors. According to the industry distribution chart, Narasakingyo Co ranks #96 out of 152 companies in the Industrial Distribution industry, placing it in the top 63.2%.
Is Narasakingyo Co's Beneish M-Score too high?
Narasakingyo Co's current Beneish M-Score is -2.49. Based on the distribution chart, Narasakingyo Co ranks #96 out of 152 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, Narasakingyo Co has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Narasakingyo Co's Beneish M-Score compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Narasakingyo Co ranks #96 out of 152 companies for Beneish M-Score. This places Narasakingyo 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 an Industrial Distribution company?
A good Beneish M-Score depends on the Industrial Distribution 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 Narasakingyo Co and its competitors. Narasakingyo Co's current Beneish M-Score is -2.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Narasakingyo Co stock overvalued right now?
Based on GuruFocus' analysis, Narasakingyo Co (TSE:8085) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,428.20, compared to a current price of 円4,130.00 — trading 20.5% above its estimated fair value. The current Beneish M-Score is -2.49. Narasakingyo Co's overall GF Score™ is 77/100. 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 Narasakingyo Co (TSE:8085), the current Beneish M-Score is -2.49 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 Narasakingyo Co (TSE:8085) Overvalued in 2026?
Based on GuruFocus' analysis, Narasakingyo Co stock appears to be overvalued.
The current stock price of 円4,130.00 is trading 20.5% above its estimated GF Value™ of 円3,428.20.
GuruFocus considers Narasakingyo Co to be Modestly Overvalued.
Key valuation signals for TSE:8085:
Beneish M-Score: -2.49
GF Value™: 円3,428.20 vs. price of 円4,130.00 (20.5% above fair value)
No single metric tells the full story. See the TSE:8085 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Narasaki Sangyo Co Ltd is primarily engaged in the sale of industrial equipment. The company operates principally in seven business divisions organized on the basis of product lines- Electric Machinery and Equipment, Building Equipment, FA And High-performance Materials, Industrial Equipment and Agricultural Implements, Construction Machinery, Construction Materials and Energy. The product range comprises factory automation components, optimal air conditioning and sanitation equipment, freezing and refrigerating equipment, elevators, power receiving/transforming facilities, and petroleum products to industry and households.
77GF Score
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