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 -2.42 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Yasuda Logistics's Beneish M-Score or its related term are showing as below:
TSE:9324'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.85 Med: -2.44 Max: -2.25
Current: -2.42
During the past 13 years, the highest Beneish M-Score of Yasuda Logistics was -2.25. The lowest was -2.85. And the median was -2.44.
Yasuda Logistics Beneish M-Score Related Terms
Yasuda Logistics Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Yasuda 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:9324 vs CTAS, CPRT, ULS: Beneish M-Score Comparison
For the Specialty Business Services subindustry, Yasuda 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.
Yasuda Logistics Beneish M-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Yasuda Logistics's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Yasuda 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 Yasuda 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 * 1.0363
+
0.528 * 0.9691
+
0.404 * 1.0507
+
0.892 * 1.0654
+
0.115 * 0.9989
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0191
+
4.679 * -0.009622
-
0.327 * 0.9468
=
-2.42
* 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))
=
(4807 / (4807 + 98298))
/
(4969 / (4969 + 101498))
=
0.046622
/
0.046672
=
0.9989
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
=
(6728 - 0
-
8980)
/
234046
=
-0.009622
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.
Yasuda Logistics has a M-score of -2.42 suggests that the company is unlikely to be a manipulator.
Yasuda Logistics (TSE:9324) has a Beneish M-Score of -2.42 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yasuda Logistics and its competitors. According to the industry distribution chart, Yasuda Logistics ranks #624 out of 1020 companies in the Business Services industry, placing it in the top 61.2%.
Is Yasuda Logistics' Beneish M-Score too high?
Yasuda Logistics' current Beneish M-Score is -2.42. Based on the distribution chart, Yasuda Logistics ranks #624 out of 1020 companies in the Business Services industry, which is below the industry midpoint. Overall, Yasuda Logistics has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Yasuda Logistics' Beneish M-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Yasuda Logistics ranks #624 out of 1020 companies for Beneish M-Score. This places Yasuda 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 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 Yasuda Logistics and its competitors. Yasuda Logistics's current Beneish M-Score is -2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yasuda Logistics stock overvalued right now?
Based on GuruFocus' analysis, Yasuda Logistics (TSE:9324) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,990.44, compared to a current price of 円2,576.00 — trading 29.4% above its estimated fair value. The current Beneish M-Score is -2.42. Yasuda Logistics' overall GF Score™ is 80/100 with 7 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 Yasuda Logistics (TSE:9324), the current Beneish M-Score is -2.42 as of Jul. 16, 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 Yasuda Logistics (TSE:9324) Overvalued in 2026?
Based on GuruFocus' analysis, Yasuda Logistics stock appears to be overvalued.
The current stock price of 円2,576.00 is trading 29.4% above its estimated GF Value™ of 円1,990.44.
GuruFocus considers Yasuda Logistics to be Modestly Overvalued.
Key valuation signals for TSE:9324:
Beneish M-Score: -2.42
GF Value™: 円1,990.44 vs. price of 円2,576.00 (29.4% above fair value)
No single metric tells the full story. See the TSE:9324 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Yasuda Logistics Corp is a logistic service provider. Its services include Warehousing, Transportation, delivery and forwarding, Port transportation business, Customs clearance service, Sales and lease of transportation equipment, Development and management of logistics information system, Real estate business, and Other related services. The company's services and solutions include Logistics Centers and Delivery Services, Medical Logistics Services, IT Equipment Logistics Services, Document Storage/Relocation, and International Logistics Services. It also engages in real estate business through services such as development, leasing and building maintenance.
80GF Score
Get the complete analysis for TSE:9324
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:9324 has been successfully added to your 
