Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 -2.57 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Rise Consulting Group's Beneish M-Score or its related term are showing as below:
TSE:9168'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.57 Med: -2.19 Max: -1.89
Current: -2.57
During the past 6 years, the highest Beneish M-Score of Rise Consulting Group was -1.89. The lowest was -2.57. And the median was -2.19.
Rise Consulting Group Beneish M-Score Related Terms
Rise Consulting Group Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Rise Consulting Group'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:9168 vs VRSK, EFX, BAH: Beneish M-Score Comparison
For the Consulting Services subindustry, Rise Consulting Group'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.
Rise Consulting Group Beneish M-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Rise Consulting Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Rise Consulting Group'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 Rise Consulting Group 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 * 0.8236
+
0.528 * 1.0061
+
0.404 * 0.9863
+
0.892 * 1.0965
+
0.115 * 0.96
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1642
+
4.679 * -0.01178
-
0.327 * 0.7716
=
-2.57
* 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))
=
(64.314 / (64.314 + 357.944))
/
(57.309 / (57.309 + 303.896))
=
0.15231
/
0.158661
=
0.96
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
=
(1246.084 - 0
-
1357.937)
/
9495.065
=
-0.01178
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.
Rise Consulting Group has a M-score of -2.57 suggests that the company is unlikely to be a manipulator.
Rise Consulting Group (TSE:9168) has a Beneish M-Score of -2.57 as of Jul. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Rise Consulting Group and its competitors. According to the industry distribution chart, Rise Consulting Group ranks #498 out of 1021 companies in the Business Services industry, placing it in the top 48.8%.
Is Rise Consulting Group's Beneish M-Score too high?
Rise Consulting Group's current Beneish M-Score is -2.57. Based on the distribution chart, Rise Consulting Group ranks #498 out of 1021 companies in the Business Services industry, which is above the industry midpoint. Overall, Rise Consulting Group has a GF Score™ of 37/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rise Consulting Group's Beneish M-Score compare to VRSK and EFX?
According to the Business Services industry distribution chart, Rise Consulting Group ranks #498 out of 1021 companies for Beneish M-Score. This puts Rise Consulting Group 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 Business Services company?
A good Beneish M-Score depends on the Business Services 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 Rise Consulting Group and its competitors. Rise Consulting Group's current Beneish M-Score is -2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rise Consulting Group stock overvalued right now?
Based on GuruFocus' analysis, Rise Consulting Group (TSE:9168) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,058.53, compared to a current price of 円391.00 — trading 63.1% below its estimated fair value. The current Beneish M-Score is -2.57. Rise Consulting Group's overall GF Score™ is 37/100 with 1 warning sign 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 Rise Consulting Group (TSE:9168), the current Beneish M-Score is -2.57 as of Jul. 26, 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 Rise Consulting Group (TSE:9168) Overvalued in 2026?
Based on GuruFocus' analysis, Rise Consulting Group stock appears to be undervalued.
The current stock price of 円391.00 is trading 63.1% below its estimated GF Value™ of 円1,058.53.
GuruFocus considers Rise Consulting Group to be Significantly Undervalued.
Key valuation signals for TSE:9168:
Beneish M-Score: -2.57
GF Value™: 円1,058.53 vs. price of 円391.00 (63.1% below fair value)
No single metric tells the full story. See the TSE:9168 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rise Consulting Group Inc is engaged in consulting business services. Its services include NewTech Consulting, New Innovation Consulting, Overseas Expansion Consulting, Business Process Re-engineering Consulting, and IT Consulting.
37GF Score
Get the complete analysis for TSE:9168
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:9168 has been successfully added to your 
