Sanrio Co (TSE:8136) Beneish M-Score: -2.05 (As of Jul. 11, 2026)

What is Sanrio Co Beneish M-Score?

Sanrio Co TSE:8136 +1.06% 88 Beneish M-Score is -2.05 as of Jul. 11, 2026. GuruFocus rates TSE:8136 with a GF Score™ of 88/100 and a GF Value™ of 円1,293.07 (Modestly Undervalued). Among 1,081 Retail - Cyclical companies, Sanrio Co ranks worse than 77.52% 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 -2.05 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:8136' s Beneish M-Score Range Over the Past 10 Years
Min: -2.68 Med: -2.5 Max: -2
Current: -2.05

During the past 13 years, the highest Beneish M-Score of Sanrio Co was -2.00. The lowest was -2.68. And the median was -2.50.

Sanrio Co Beneish M-Score Related Terms

Sanrio Co Beneish M-Score Historical Data

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The historical data trend for Sanrio 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.

Sanrio Co Beneish M-Score Chart

Sanrio Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Beneish M-Score

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-2.44

-2.45

-2.27

-2.00

-2.05

Sanrio Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															-2.00	0.00	0.00	0.00	-2.05

TSE:8136 vs CASY, WSM, DKS: Beneish M-Score Comparison

For the Specialty Retail subindustry, Sanrio 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.

Sanrio Co Beneish M-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sanrio Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Sanrio Co's Beneish M-Score falls into.

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88GF Score

Sanrio Co Ltd TSE:8136

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Sanrio Co 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 Sanrio Co for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.9072

0.528 * 0.9809

0.404 * 1.174

0.892 * 1.3394

0.115 * 0.9578

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9829

4.679 * 0.008752

0.327 * 0.6514

-2.05

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was 円27,904 Mil.
Revenue was 円194,088 Mil.
Gross Profit was 円150,063 Mil.
Total Current Assets was 円168,567 Mil.
Total Assets was 円234,684 Mil.
Property, Plant and Equipment(Net PPE) was 円19,985 Mil.
Depreciation, Depletion and Amortization(DDA) was 円2,872 Mil.
Selling, General, & Admin. Expense(SGA) was 円10,770 Mil.
Total Current Liabilities was 円51,393 Mil.
Long-Term Debt & Capital Lease Obligation was 円14,004 Mil.
Net Income was 円54,608 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円52,554 Mil.

Total Receivables was 円22,965 Mil.
Revenue was 円144,904 Mil.
Gross Profit was 円109,899 Mil.
Total Current Assets was 円151,698 Mil.
Total Assets was 円202,406 Mil.
Property, Plant and Equipment(Net PPE) was 円16,818 Mil.
Depreciation, Depletion and Amortization(DDA) was 円2,301 Mil.
Selling, General, & Admin. Expense(SGA) was 円8,181 Mil.
Total Current Liabilities was 円49,277 Mil.
Long-Term Debt & Capital Lease Obligation was 円37,309 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)
	=	(27904 / 194088)	/	(22965 / 144904)
	=	0.14377	/	0.158484
	=	0.9072

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)
	=	(109899 / 144904)	/	(150063 / 194088)
	=	0.758426	/	0.77317
	=	0.9809

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 - (168567 + 19985) / 234684)	/	(1 - (151698 + 16818) / 202406)
	=	0.196571	/	0.167436
	=	1.174

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
	=	194088	/	144904
	=	1.3394

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))
	=	(2301 / (2301 + 16818))	/	(2872 / (2872 + 19985))
	=	0.120351	/	0.125651
	=	0.9578

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)
	=	(10770 / 194088)	/	(8181 / 144904)
	=	0.05549	/	0.056458
	=	0.9829

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)
	=	((14004 + 51393) / 234684)	/	((37309 + 49277) / 202406)
	=	0.27866	/	0.427784
	=	0.6514

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
	=	(54608 - 0	-	52554)	/	234684
	=	0.008752

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.

Sanrio Co has a M-score of -2.05 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 -2.05 mean?

Sanrio Co (TSE:8136) has a Beneish M-Score of -2.05 as of Jul. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sanrio Co and its competitors. According to the industry distribution chart, Sanrio Co ranks #838 out of 1081 companies in the Retail - Cyclical industry, placing it in the top 77.5%.

Is Sanrio Co's Beneish M-Score too high?

Sanrio Co's current Beneish M-Score is -2.05. Based on the distribution chart, Sanrio Co ranks #838 out of 1081 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Sanrio Co has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Sanrio Co's Beneish M-Score compare to CASY and WSM?

According to the Retail - Cyclical industry distribution chart, Sanrio Co ranks #838 out of 1081 companies for Beneish M-Score. This places Sanrio 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 Retail - Cyclical company?

A good Beneish M-Score depends on the Retail - Cyclical 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 Sanrio Co and its competitors. Sanrio Co's current Beneish M-Score is -2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Sanrio Co stock overvalued right now?

Based on GuruFocus' analysis, Sanrio Co (TSE:8136) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,293.07, compared to a current price of 円1,142.50 — trading 11.6% below its estimated fair value. The current Beneish M-Score is -2.05. Sanrio Co's overall GF Score™ is 88/100. 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 Sanrio Co (TSE:8136), the current Beneish M-Score is -2.05 as of Jul. 11, 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 Sanrio Co (TSE:8136) Overvalued in 2026?

Based on GuruFocus' analysis, Sanrio Co stock appears to be undervalued. The current stock price of 円1,142.50 is trading 11.6% below its estimated GF Value™ of 円1,293.07. GuruFocus considers Sanrio Co to be Modestly Undervalued.

Key valuation signals for TSE:8136:

Beneish M-Score: -2.05
GF Value™: 円1,293.07 vs. price of 円1,142.50 (11.6% below fair value)
GF Score™: 88/100

No single metric tells the full story. See the TSE:8136 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Sanrio Co Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies TSE:9831 TSE:7419 TSE:8282 TSE:3048 TSE:8022 TSE:2730 TSE:7552 TSE:9842 TSE:7545 SSE:2928 TSX:ATD CASY WSM DKS ULTA BBY TSCO SHSE:601888 ADX:ADNOCDIST TPE:3045

Other Exchanges SNROY:USA SNROF:USA SJ8:Germany

Address 1-11-1 Osaki, Shinagawa-ku, Tokyo, JPN, 141-8603

Website https://www.sanrio.co.jp

Sanrio is a Japanese company best known for creating cute, character-driven brands, most famously Hello Kitty. Founded in 1960 by Shintaro Tsuji, Sanrio specializes in designing and licensing characters that appeal to a wide audience, especially children and young adults. Its portfolio includes beloved characters like My Melody, Cinnamoroll, Kuromi, and Pompompurin. Beyond merchandise, Sanrio's influence extends to animation, fashion, theme parks, and global pop culture, embodying the concept of kawaii (cuteness) as a cultural phenomenon.

88GF Score

Get the complete analysis for TSE:8136

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

円1,142.50

Price

円1,293.07

GF Value

View TSE:8136 Analysis

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