Bridge Consulting Group (TSE:9225) Beneish M-Score: -1.26 (As of Jul. 15, 2026)

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TSE:9225 Bridge Consulting Group Inc TSE:9225
80 GF Score
Price 円968.00
GF Value 円1,643.11
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Bridge Consulting Group Beneish M-Score?

Bridge Consulting Group TSE:9225 -0.92% 80 Beneish M-Score is -1.26 as of Jul. 15, 2026. GuruFocus rates TSE:9225 with a GF Score™ of 80/100 and a GF Value™ of 円1,643.11 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,020 Business Services companies, Bridge Consulting Group ranks worse than 89.51% 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.

Warning Sign:

Beneish M-Score -1.26 higher than -1.78, which implies that the company might have manipulated its financial results.

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

TSE:9225' s Beneish M-Score Range Over the Past 10 Years
Min: -2.61   Med: -2.07   Max: -1.26
Current: -1.26

During the past 6 years, the highest Beneish M-Score of Bridge Consulting Group was -1.26. The lowest was -2.61. And the median was -2.07.


Bridge Consulting Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Bridge 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.

Bridge Consulting Group Beneish M-Score Chart

Bridge Consulting Group Annual Data
Trend Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Beneish M-Score
Get a 7-Day Free Trial 0.00 -1.86 -2.61 -2.27 -1.26

Bridge Consulting Group Semi-Annual Data
Sep20 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.00 -2.27 0.00 -1.26 0.00

TSE:9225 vs CTAS, CPRT, ULS: Beneish M-Score Comparison

For the Specialty Business Services subindustry, Bridge 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.


Bridge Consulting Group Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Bridge Consulting Group's Beneish M-Score distribution charts can be found below:

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


TSE:9225
80GF Score
Bridge Consulting Group Inc TSE:9225
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bridge Consulting Group 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 Bridge 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 * 1.4212+0.528 * 1.0074+0.404 * 1.8796+0.892 * 1.1098+0.115 * 0.8901
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.07574-0.327 * 0.8946
=-1.26

* 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 (Sep25) TTM:Last Year (Sep24) TTM:
Total Receivables was 円274 Mil.
Revenue was 円2,239 Mil.
Gross Profit was 円1,200 Mil.
Total Current Assets was 円1,413 Mil.
Total Assets was 円1,533 Mil.
Property, Plant and Equipment(Net PPE) was 円22 Mil.
Depreciation, Depletion and Amortization(DDA) was 円2 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円348 Mil.
Long-Term Debt & Capital Lease Obligation was 円38 Mil.
Net Income was 円148 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円31 Mil.
Total Receivables was 円174 Mil.
Revenue was 円2,018 Mil.
Gross Profit was 円1,089 Mil.
Total Current Assets was 円1,402 Mil.
Total Assets was 円1,476 Mil.
Property, Plant and Equipment(Net PPE) was 円24 Mil.
Depreciation, Depletion and Amortization(DDA) was 円2 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円359 Mil.
Long-Term Debt & Capital Lease Obligation was 円56 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)
=(273.881 / 2239.359) / (173.641 / 2017.73)
=0.122303 / 0.086058
=1.4212

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)
=(1089.07 / 2017.73) / (1199.861 / 2239.359)
=0.53975 / 0.535806
=1.0074

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 - (1413.232 + 22.386) / 1533.068) / (1 - (1402.489 + 23.694) / 1476.102)
=0.063565 / 0.033818
=1.8796

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
=2239.359 / 2017.73
=1.1098

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))
=(2.08 / (2.08 + 23.694)) / (2.232 / (2.232 + 22.386))
=0.080701 / 0.090665
=0.8901

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 / 2239.359) / (0 / 2017.73)
=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)
=((37.5 + 348.057) / 1533.068) / ((55.5 + 359.48) / 1476.102)
=0.251494 / 0.281132
=0.8946

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
=(147.56 - 0 - 31.445) / 1533.068
=0.07574

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.

Bridge Consulting Group has a M-score of -1.26 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.26 mean?
Bridge Consulting Group (TSE:9225) has a Beneish M-Score of -1.26 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bridge Consulting Group and its competitors. According to the industry distribution chart, Bridge Consulting Group ranks #913 out of 1020 companies in the Business Services industry, placing it in the top 89.5%.
Is Bridge Consulting Group's Beneish M-Score too high?
Bridge Consulting Group's current Beneish M-Score is -1.26. Based on the distribution chart, Bridge Consulting Group ranks #913 out of 1020 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Bridge Consulting Group has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bridge Consulting Group's Beneish M-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Bridge Consulting Group ranks #913 out of 1020 companies for Beneish M-Score. This places Bridge Consulting Group 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 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 Bridge Consulting Group and its competitors. Bridge Consulting Group's current Beneish M-Score is -1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bridge Consulting Group stock overvalued right now?
Based on GuruFocus' analysis, Bridge Consulting Group (TSE:9225) is currently considered Possible Value Trap. The stock's GF Value™ is 円1,643.11, compared to a current price of 円968.00 — trading 41.1% below its estimated fair value. The current Beneish M-Score is -1.26. Bridge Consulting Group's overall GF Score™ is 80/100 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 Bridge Consulting Group (TSE:9225), the current Beneish M-Score is -1.26 as of Jul. 15, 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 Bridge Consulting Group (TSE:9225) Overvalued in 2026?

Based on GuruFocus' analysis, Bridge Consulting Group stock appears to be undervalued. The current stock price of 円968.00 is trading 41.1% below its estimated GF Value™ of 円1,643.11. GuruFocus considers Bridge Consulting Group to be Possible Value Trap.

Key valuation signals for TSE:9225:

  • Beneish M-Score: -1.26
  • GF Value™: 円1,643.11 vs. price of 円968.00 (41.1% below fair value)
  • GF Score™: 80/100 with 4 warning signs

No single metric tells the full story. See the TSE:9225 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bridge Consulting Group Business Description

Address 4-1-40 Toranomon, 7th Floor, Edomi Sakamori Building, Minato-ku, Tokyo, JPN
Bridge Consulting Group Inc provides professional services. It supports the resolution of business management issues through the database and optimal allocation of the experience and knowledge of certified public accountants, by offering business management consulting services and introductions of professional talent. The majority of the company's revenue is generated from its business management consulting activities, which include various services like IPO support, risk management, accounting, financial advisory, etc. In addition, its introduction of professional talent activities involves the company's consultants introducing suitable candidates to clients based on their talent needs.
80GF Score

Get the complete analysis for TSE:9225

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

円968.00
Price
円1,643.11
GF Value