People Dreams & Technologies Group Co (TSE:9248) Beneish M-Score: -1.99 (As of Jul. 22, 2026)

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TSE:9248 People Dreams & Technologies Group Co Ltd TSE:9248
49 GF Score
Price 円1,576.00
GF Value 円2,062.28
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is People Dreams & Technologies Group Co Beneish M-Score?

People Dreams & Technologies Group Co TSE:9248 +0.77% 49 Beneish M-Score is -1.99 as of Jul. 22, 2026. GuruFocus rates TSE:9248 with a GF Score™ of 49/100 and a GF Value™ of 円2,062.28 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,699 Construction companies, People Dreams & Technologies Group Co ranks worse than 77.22% 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 -1.99 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for People Dreams & Technologies Group Co's Beneish M-Score or its related term are showing as below:

TSE:9248' s Beneish M-Score Range Over the Past 10 Years
Min: -2.64   Med: -2.32   Max: -1.99
Current: -1.99

During the past 4 years, the highest Beneish M-Score of People Dreams & Technologies Group Co was -1.99. The lowest was -2.64. And the median was -2.32.

People Dreams & Technologies Group Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for People Dreams & Technologies Group 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.

People Dreams & Technologies Group Co Beneish M-Score Chart

People Dreams & Technologies Group Co Annual Data
Trend Sep22 Sep23 Sep24 Sep25
Beneish M-Score
0.00 0.00 -2.64 -1.99

People Dreams & Technologies Group Co Semi-Annual Data
Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 -2.64 0.00 -1.99 0.00

TSE:9248 vs PWR, FIX, EME: Beneish M-Score Comparison

For the Engineering & Construction subindustry, People Dreams & Technologies Group 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.

People Dreams & Technologies Group Co Beneish M-Score vs Construction Industry

For the Construction industry and Industrials sector, People Dreams & Technologies Group Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where People Dreams & Technologies Group Co's Beneish M-Score falls into.


TSE:9248
49GF Score
People Dreams & Technologies Group Co Ltd TSE:9248
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

People Dreams & Technologies Group Co 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 People Dreams & Technologies Group 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 * 1.0944+0.528 * 1.0129+0.404 * 0.935+0.892 * 1.155+0.115 * 1.0356
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.065767-0.327 * 1.0978
=-1.99

* 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18,341 Mil.
Revenue was 円45,984 Mil.
Gross Profit was 円12,821 Mil.
Total Current Assets was 円28,915 Mil.
Total Assets was 円41,145 Mil.
Property, Plant and Equipment(Net PPE) was 円5,326 Mil.
Depreciation, Depletion and Amortization(DDA) was 円618 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円13,464 Mil.
Long-Term Debt & Capital Lease Obligation was 円3,206 Mil.
Net Income was 円1,564 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円-1,142 Mil.
 Total Receivables was 円14,510 Mil.
Revenue was 円39,814 Mil.
Gross Profit was 円11,244 Mil.
Total Current Assets was 円25,515 Mil.
Total Assets was 円37,317 Mil.
Property, Plant and Equipment(Net PPE) was 円5,105 Mil.
Depreciation, Depletion and Amortization(DDA) was 円616 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円11,552 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,220 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)
=(18341 / 45984) / (14510 / 39814)
=0.398856 / 0.364445
=1.0944

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)
=(11244 / 39814) / (12821 / 45984)
=0.282413 / 0.278814
=1.0129

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 - (28915 + 5326) / 41145) / (1 - (25515 + 5105) / 37317)
=0.167797 / 0.179462
=0.935

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
=45984 / 39814
=1.155

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))
=(616 / (616 + 5105)) / (618 / (618 + 5326))
=0.107673 / 0.10397
=1.0356

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 / 45984) / (0 / 39814)
=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)
=((3206 + 13464) / 41145) / ((2220 + 11552) / 37317)
=0.405153 / 0.369054
=1.0978

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
=(1564 - 0 - -1142) / 41145
=0.065767

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.

People Dreams & Technologies Group Co has a M-score of -1.99 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 -1.99 mean?
People Dreams & Technologies Group Co (TSE:9248) has a Beneish M-Score of -1.99 as of Jul. 22, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on People Dreams & Technologies Group Co and its competitors. According to the industry distribution chart, People Dreams & Technologies Group Co ranks #1312 out of 1699 companies in the Construction industry, placing it in the top 77.2%.
Is People Dreams & Technologies Group Co's Beneish M-Score too high?
People Dreams & Technologies Group Co's current Beneish M-Score is -1.99. Based on the distribution chart, People Dreams & Technologies Group Co ranks #1312 out of 1699 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, People Dreams & Technologies Group Co has a GF Score™ of 49/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does People Dreams & Technologies Group Co's Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, People Dreams & Technologies Group Co ranks #1312 out of 1699 companies for Beneish M-Score. This places People Dreams & Technologies Group Co 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 Construction company?
A good Beneish M-Score depends on the Construction 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 People Dreams & Technologies Group Co and its competitors. People Dreams & Technologies Group Co's current Beneish M-Score is -1.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is People Dreams & Technologies Group Co stock overvalued right now?
Based on GuruFocus' analysis, People Dreams & Technologies Group Co (TSE:9248) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,062.28, compared to a current price of 円1,576.00 — trading 23.6% below its estimated fair value. The current Beneish M-Score is -1.99. People Dreams & Technologies Group Co's overall GF Score™ is 49/100 with 2 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 People Dreams & Technologies Group Co (TSE:9248), the current Beneish M-Score is -1.99 as of Jul. 22, 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 People Dreams & Technologies Group Co (TSE:9248) Overvalued in 2026?

Based on GuruFocus' analysis, People Dreams & Technologies Group Co stock appears to be undervalued. The current stock price of 円1,576.00 is trading 23.6% below its estimated GF Value™ of 円2,062.28. GuruFocus considers People Dreams & Technologies Group Co to be Modestly Undervalued.

Key valuation signals for TSE:9248:

  • Beneish M-Score: -1.99
  • GF Value™: 円2,062.28 vs. price of 円1,576.00 (23.6% below fair value)
  • GF Score™: 49/100 with 2 warning signs

No single metric tells the full story. See the TSE:9248 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

People Dreams & Technologies Group Co Business Description

Address 1-20-4, Nihombashikakigaracho, Chuo-ku, Tokyo, JPN, 103-0014
People Dreams & Technologies Group Co Ltd is engaged in the business management and administration of related matters for group companies engaged in construction consultancy business, information systems related business, and related or related operations.
49GF Score

Get the complete analysis for TSE:9248

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

円1,576.00
Price
円2,062.28
GF Value