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Daiwa CoTSE:8247 -0.33%46 Beneish M-Score is -2.85 as of Jul. 20, 2026. GuruFocus rates TSE:8247 with a GF Score™ of 46/100 and a GF Value™ of 円414.67 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,084 Retail - Cyclical companies, Daiwa Co ranks better than 70.94% 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 -2.85 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Daiwa Co's Beneish M-Score or its related term are showing as below:
TSE:8247'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.58 Med: -2.62 Max: -1.53
Current: -2.85
During the past 13 years, the highest Beneish M-Score of Daiwa Co was -1.53. The lowest was -3.58. And the median was -2.62.
Daiwa Co Beneish M-Score Related Terms
Daiwa Co Beneish M-Score Historical Data
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The historical data trend for Daiwa 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, Daiwa 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.
Daiwa Co Beneish M-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Daiwa Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Daiwa 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 Daiwa 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 * 0.9112
+
0.528 * 0.9907
+
0.404 * 1.3015
+
0.892 * 0.9726
+
0.115 * 0.9222
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.080675
-
0.327 * 0.9974
=
-2.85
* 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))
=
(785.36 / (785.36 + 15595.704))
/
(724.742 / (724.742 + 13216.724))
=
0.047943
/
0.051985
=
0.9222
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
=
(-1132.498 - 0
-
1093.823)
/
27596.184
=
-0.080675
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.
Daiwa Co has a M-score of -2.85 suggests that the company is unlikely to be a manipulator.
Daiwa Co (TSE:8247) has a Beneish M-Score of -2.85 as of Jul. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Daiwa Co and its competitors. According to the industry distribution chart, Daiwa Co ranks #315 out of 1084 companies in the Retail - Cyclical industry, placing it in the top 29.1%.
Is Daiwa Co's Beneish M-Score too high?
Daiwa Co's current Beneish M-Score is -2.85. Based on the distribution chart, Daiwa Co ranks #315 out of 1084 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Daiwa Co has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Daiwa Co's Beneish M-Score compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Daiwa Co ranks #315 out of 1084 companies for Beneish M-Score. This puts Daiwa 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 Daiwa Co and its competitors. Daiwa Co's current Beneish M-Score is -2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa Co stock overvalued right now?
Based on GuruFocus' analysis, Daiwa Co (TSE:8247) is currently considered Modestly Undervalued. The stock's GF Value™ is 円414.67, compared to a current price of 円298.00 — trading 28.1% below its estimated fair value. The current Beneish M-Score is -2.85. Daiwa Co's overall GF Score™ is 46/100 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 Daiwa Co (TSE:8247), the current Beneish M-Score is -2.85 as of Jul. 20, 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 Daiwa Co (TSE:8247) Overvalued in 2026?
Based on GuruFocus' analysis, Daiwa Co stock appears to be undervalued.
The current stock price of 円298.00 is trading 28.1% below its estimated GF Value™ of 円414.67.
GuruFocus considers Daiwa Co to be Modestly Undervalued.
Key valuation signals for TSE:8247:
Beneish M-Score: -2.85
GF Value™: 円414.67 vs. price of 円298.00 (28.1% below fair value)
No single metric tells the full story. See the TSE:8247 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daiwa Co Ltd is a Japan-based company mainly engaged in the operation of department stores and other businesses. It operates two department stores in Kanazawa and Toyama. The company's reportable segments are department stores, hotels, publishing, food and beverages, and others. A majority of its revenue is generated from the department stores segment, which provides customers with various products, information, and services.
46GF Score
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