Genda (TSE:9166) Beneish M-Score: -1.92 (As of Jul. 10, 2026)


TSE:9166 Genda Inc TSE:9166
35 GF Score
Price 円580.00
GF Value 円2,014.26
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Genda Beneish M-Score?

Genda TSE:9166 +1.40% 35 Beneish M-Score is -1.92 as of Jul. 10, 2026. GuruFocus rates TSE:9166 with a GF Score™ of 35/100 and a GF Value™ of 円2,014.26 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 819 Travel & Leisure companies, Genda ranks worse than 82.78% 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 -1.92 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:9166' s Beneish M-Score Range Over the Past 10 Years
Min: -2.04   Med: -1.92   Max: -1.73
Current: -1.92

During the past 5 years, the highest Beneish M-Score of Genda was -1.73. The lowest was -2.04. And the median was -1.92.

Genda Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Genda'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.

Genda Beneish M-Score Chart

Genda Annual Data
Trend Jan22 Jan23 Jan24 Jan25 Jan26
Beneish M-Score
0.00 0.00 -2.04 -1.73 -1.92

Genda Quarterly Data
Jan22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 -1.92 0.00

TSE:9166 vs AS, HAS, LTH: Beneish M-Score Comparison

For the Leisure subindustry, Genda'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.

Genda Beneish M-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Genda's Beneish M-Score distribution charts can be found below:

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


TSE:9166
35GF Score
Genda Inc TSE:9166
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Genda 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 Genda 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 * 1.0586+0.528 * 0.9883+0.404 * 1.72+0.892 * 1.5279+0.115 * 0.7958
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.045333-0.327 * 1.0471
=-1.92

* 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.

This Year (Jan26) TTM:Last Year (Jan25) TTM:
Total Receivables was 円11,350 Mil.
Revenue was 円170,787 Mil.
Gross Profit was 円39,270 Mil.
Total Current Assets was 円63,538 Mil.
Total Assets was 円222,643 Mil.
Property, Plant and Equipment(Net PPE) was 円68,894 Mil.
Depreciation, Depletion and Amortization(DDA) was 円13,403 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円90,690 Mil.
Long-Term Debt & Capital Lease Obligation was 円52,670 Mil.
Net Income was 円3,826 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円13,919 Mil.
 Total Receivables was 円7,017 Mil.
Revenue was 円111,777 Mil.
Gross Profit was 円25,400 Mil.
Total Current Assets was 円45,619 Mil.
Total Assets was 円114,964 Mil.
Property, Plant and Equipment(Net PPE) was 円42,263 Mil.
Depreciation, Depletion and Amortization(DDA) was 円6,293 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円39,825 Mil.
Long-Term Debt & Capital Lease Obligation was 円30,869 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)
=(11350 / 170787) / (7017 / 111777)
=0.066457 / 0.062777
=1.0586

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)
=(25400 / 111777) / (39270 / 170787)
=0.227238 / 0.229936
=0.9883

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 - (63538 + 68894) / 222643) / (1 - (45619 + 42263) / 114964)
=0.405182 / 0.235569
=1.72

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
=170787 / 111777
=1.5279

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))
=(6293 / (6293 + 42263)) / (13403 / (13403 + 68894))
=0.129603 / 0.162861
=0.7958

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)
=(0 / 170787) / (0 / 111777)
=0 / 0
=1

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)
=((52670 + 90690) / 222643) / ((30869 + 39825) / 114964)
=0.643901 / 0.614923
=1.0471

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
=(3826 - 0 - 13919) / 222643
=-0.045333

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.

Genda has a M-score of -1.92 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 -1.92 mean?
Genda (TSE:9166) has a Beneish M-Score of -1.92 as of Jul. 10, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Genda and its competitors. According to the industry distribution chart, Genda ranks #678 out of 819 companies in the Travel & Leisure industry, placing it in the top 82.8%.
Is Genda's Beneish M-Score too high?
Genda's current Beneish M-Score is -1.92. Based on the distribution chart, Genda ranks #678 out of 819 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Genda has a GF Score™ of 35/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Genda's Beneish M-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Genda ranks #678 out of 819 companies for Beneish M-Score. This places Genda 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 Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 Genda and its competitors. Genda's current Beneish M-Score is -1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Genda stock overvalued right now?
Based on GuruFocus' analysis, Genda (TSE:9166) is currently considered Possible Value Trap. The stock's GF Value™ is 円2,014.26, compared to a current price of 円580.00 — trading 71.2% below its estimated fair value. The current Beneish M-Score is -1.92. Genda's overall GF Score™ is 35/100 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 Genda (TSE:9166), the current Beneish M-Score is -1.92 as of Jul. 10, 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 Genda (TSE:9166) Overvalued in 2026?

Based on GuruFocus' analysis, Genda stock appears to be undervalued. The current stock price of 円580.00 is trading 71.2% below its estimated GF Value™ of 円2,014.26. GuruFocus considers Genda to be Possible Value Trap.

Key valuation signals for TSE:9166:

  • Beneish M-Score: -1.92
  • GF Value™: 円2,014.26 vs. price of 円580.00 (71.2% below fair value)
  • GF Score™: 35/100 with 4 warning signs

No single metric tells the full story. See the TSE:9166 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Genda Business Description

Other Exchanges A52:Germany
Address 1-9-1 Higashi Shimbashi, Tokyo Shiodome Building, 17th Floor, Minato-ku, Tokyo, JPN, 105-7317
Genda Inc is a pure holding company engaged in management support for several subsidiaries in entertainment businesses. The company has two business segments: Entertainment Platform Business and Entertainment and Content Business. The company generates the majority of its revenue from the Entertainment Platform Business segment, which is engaged in developing "Karaoke," which operates karaoke facilities and distributes equipment, and "Food & Beverage (F&B)," which provides food and drinks as a platform to deliver "Food as Entertainment". The Entertainment and Contents Business includes Character Merchandising (MD), which plans and provides product and events that utilize the characters that appear in IPs and the worldview and appeal of those IPs, as well as anime production and publishing.
35GF Score

Get the complete analysis for TSE:9166

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

円580.00
Price
円2,014.26
GF Value