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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 -2.68 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Takashimaya Co's Beneish M-Score or its related term are showing as below:
TSE:8233'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.01 Med: -2.57 Max: -1.82
Current: -2.68
During the past 13 years, the highest Beneish M-Score of Takashimaya Co was -1.82. The lowest was -3.01. And the median was -2.57.
Takashimaya Co Beneish M-Score Related Terms
Takashimaya Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Takashimaya 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 Department Stores subindustry, Takashimaya 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.
Takashimaya Co Beneish M-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Takashimaya Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Takashimaya 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 Takashimaya 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 * 1.0668
+
0.528 * 0.9888
+
0.404 * 1.1
+
0.892 * 1.0179
+
0.115 * 0.9589
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.974
+
4.679 * -0.06167
-
0.327 * 1.0717
=
-2.68
* 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))
=
(32938 / (32938 + 757863))
/
(34766 / (34766 + 765595))
=
0.041651
/
0.043438
=
0.9589
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
=
(-4108 - 0
-
79807)
/
1360721
=
-0.06167
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.
Takashimaya Co has a M-score of -2.68 suggests that the company is unlikely to be a manipulator.
Takashimaya Co (TSE:8233) has a Beneish M-Score of -2.68 as of Jul. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Takashimaya Co and its competitors. According to the industry distribution chart, Takashimaya Co ranks #452 out of 1086 companies in the Retail - Cyclical industry, placing it in the top 41.6%.
Is Takashimaya Co's Beneish M-Score too high?
Takashimaya Co's current Beneish M-Score is -2.68. Based on the distribution chart, Takashimaya Co ranks #452 out of 1086 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Takashimaya Co has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Takashimaya Co's Beneish M-Score compare to DDS?
According to the Retail - Cyclical industry distribution chart, Takashimaya Co ranks #452 out of 1086 companies for Beneish M-Score. This puts Takashimaya Co 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 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 Takashimaya Co and its competitors. Takashimaya Co's current Beneish M-Score is -2.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Takashimaya Co stock overvalued right now?
Based on GuruFocus' analysis, Takashimaya Co (TSE:8233) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,491.00, compared to a current price of 円2,317.50 — trading 55.4% above its estimated fair value. The current Beneish M-Score is -2.68. Takashimaya Co's overall GF Score™ is 65/100 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 Takashimaya Co (TSE:8233), the current Beneish M-Score is -2.68 as of Jul. 29, 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 Takashimaya Co (TSE:8233) Overvalued in 2026?
Based on GuruFocus' analysis, Takashimaya Co stock appears to be overvalued.
The current stock price of 円2,317.50 is trading 55.4% above its estimated GF Value™ of 円1,491.00.
GuruFocus considers Takashimaya Co to be Significantly Overvalued.
Key valuation signals for TSE:8233:
Beneish M-Score: -2.68
GF Value™: 円1,491.00 vs. price of 円2,317.50 (55.4% above fair value)
No single metric tells the full story. See the TSE:8233 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Takashimaya Co Ltd is a Japan-based company engaged mainly in the department store business. The company operates through seven segments. The Construction segment undertakes interior work projects. The Domestic Commercial Development segment manages real estate and facilities in synergy with department stores, while the Domestic Department Store segment sells clothing, personal goods, household goods, food, and more. The Finance segment offers credit cards, investment products, and group financial services. The Overseas Commercial Development and Department Store segments operate similar businesses abroad, and the Others include mail-order, wholesale, advertising, and restaurants. It generates the majority of its revenue from the Domestic Department Store Business segment.
65GF 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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