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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 -2.05 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Mitsubishi Logistics's Beneish M-Score or its related term are showing as below:
TSE:9301'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.69 Med: -2.52 Max: -2.05
Current: -2.05
During the past 13 years, the highest Beneish M-Score of Mitsubishi Logistics was -2.05. The lowest was -2.69. And the median was -2.52.
Mitsubishi Logistics Beneish M-Score Related Terms
Mitsubishi Logistics Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Mitsubishi Logistics'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:9301 vs UPS, FDX, JBHT: Beneish M-Score Comparison
For the Integrated Freight & Logistics subindustry, Mitsubishi Logistics'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.
Mitsubishi Logistics Beneish M-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Mitsubishi Logistics's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Mitsubishi Logistics'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 Mitsubishi Logistics 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 * 1.1295
+
0.528 * 1.0458
+
0.404 * 0.9497
+
0.892 * 0.9626
+
0.115 * 1.0199
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * 0.075403
-
0.327 * 1.0592
=
-2.05
* 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))
=
(17694 / (17694 + 281711))
/
(17703 / (17703 + 287811))
=
0.059097
/
0.057945
=
1.0199
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
=
(54773 - 0
-
6531)
/
639786
=
0.075403
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.
Mitsubishi Logistics has a M-score of -2.05 suggests that the company is unlikely to be a manipulator.
Mitsubishi Logistics (TSE:9301) has a Beneish M-Score of -2.05 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Mitsubishi Logistics and its competitors. According to the industry distribution chart, Mitsubishi Logistics ranks #761 out of 964 companies in the Transportation industry, placing it in the top 78.9%.
Is Mitsubishi Logistics' Beneish M-Score too high?
Mitsubishi Logistics' current Beneish M-Score is -2.05. Based on the distribution chart, Mitsubishi Logistics ranks #761 out of 964 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Mitsubishi Logistics has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Logistics' Beneish M-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, Mitsubishi Logistics ranks #761 out of 964 companies for Beneish M-Score. This places Mitsubishi Logistics 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 Transportation company?
A good Beneish M-Score depends on the Transportation 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 Mitsubishi Logistics and its competitors. Mitsubishi Logistics's current Beneish M-Score is -2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Logistics stock overvalued right now?
Based on GuruFocus' analysis, Mitsubishi Logistics (TSE:9301) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,183.55, compared to a current price of 円1,570.50 — trading 32.7% above its estimated fair value. The current Beneish M-Score is -2.05. Mitsubishi Logistics' overall GF Score™ is 83/100 with 9 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 Mitsubishi Logistics (TSE:9301), the current Beneish M-Score is -2.05 as of Jul. 14, 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 Mitsubishi Logistics (TSE:9301) Overvalued in 2026?
Based on GuruFocus' analysis, Mitsubishi Logistics stock appears to be overvalued.
The current stock price of 円1,570.50 is trading 32.7% above its estimated GF Value™ of 円1,183.55.
GuruFocus considers Mitsubishi Logistics to be Significantly Overvalued.
Key valuation signals for TSE:9301:
Beneish M-Score: -2.05
GF Value™: 円1,183.55 vs. price of 円1,570.50 (32.7% above fair value)
No single metric tells the full story. See the TSE:9301 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mitsubishi Logistics Corp is a Japan-based logistics and real estate investment company. The company organizes itself into two segments: logistics and real estate. Logistics, which contributes the majority of revenue, includes warehousing; air, ocean, and rail transportation; port-terminal operations; and international freight forwarding. The real estate segment buys, sells, and leases office buildings and other commercial real estate. The company derives the vast majority of revenue domestically.
83GF Score
Get the complete analysis for TSE:9301
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