Gloe (TSE:9565) Beneish M-Score: -2.45 (As of Jul. 08, 2026)


TSE:9565 Gloe Inc TSE:9565
68 GF Score
Price 円680.00
GF Value 円1,873.61
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Gloe Beneish M-Score?

Gloe TSE:9565 +0.74% 68 Beneish M-Score is -2.45 as of Jul. 08, 2026. GuruFocus rates TSE:9565 with a GF Score™ of 68/100 and a GF Value™ of 円1,873.61 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 532 Interactive Media companies, Gloe ranks worse than 63.35% 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 -2.45 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TSE:9565' s Beneish M-Score Range Over the Past 10 Years
Min: -3.44   Med: -2.65   Max: -2.01
Current: -2.45

During the past 6 years, the highest Beneish M-Score of Gloe was -2.01. The lowest was -3.44. And the median was -2.65.

Gloe Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Gloe'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.

Gloe Beneish M-Score Chart

Gloe Annual Data
Trend Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Beneish M-Score
Get a 7-Day Free Trial 0.00 -2.84 -2.01 -3.44 -2.45

Gloe Semi-Annual Data
Oct20 Oct21 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -3.44 0.00 -2.45 0.00

TSE:9565 vs NTES, EA, TTWO: Beneish M-Score Comparison

For the Electronic Gaming & Multimedia subindustry, Gloe'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.

Gloe Beneish M-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Gloe's Beneish M-Score distribution charts can be found below:

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


TSE:9565
68GF Score
Gloe Inc TSE:9565
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gloe 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 Gloe 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 * 1.1815+0.528 * 0.9349+0.404 * 0.9504+0.892 * 1.2577+0.115 * 2.2784
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.07506-0.327 * 1.3446
=-2.45

* 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 (Oct25) TTM:Last Year (Oct24) TTM:
Total Receivables was 円485 Mil.
Revenue was 円2,844 Mil.
Gross Profit was 円814 Mil.
Total Current Assets was 円1,087 Mil.
Total Assets was 円1,615 Mil.
Property, Plant and Equipment(Net PPE) was 円151 Mil.
Depreciation, Depletion and Amortization(DDA) was 円50 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円857 Mil.
Long-Term Debt & Capital Lease Obligation was 円251 Mil.
Net Income was 円4 Mil.
Gross Profit was 円0 Mil.
Cash Flow from Operations was 円125 Mil.
 Total Receivables was 円326 Mil.
Revenue was 円2,261 Mil.
Gross Profit was 円605 Mil.
Total Current Assets was 円748 Mil.
Total Assets was 円1,030 Mil.
Property, Plant and Equipment(Net PPE) was 円29 Mil.
Depreciation, Depletion and Amortization(DDA) was 円38 Mil.
Selling, General, & Admin. Expense(SGA) was 円0 Mil.
Total Current Liabilities was 円411 Mil.
Long-Term Debt & Capital Lease Obligation was 円115 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)
=(484.925 / 2843.521) / (326.328 / 2260.874)
=0.170537 / 0.144337
=1.1815

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)
=(605.069 / 2260.874) / (813.983 / 2843.521)
=0.267626 / 0.286259
=0.9349

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 - (1087.24 + 150.618) / 1614.689) / (1 - (748.184 + 29.114) / 1030.279)
=0.233377 / 0.245546
=0.9504

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
=2843.521 / 2260.874
=1.2577

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))
=(38.283 / (38.283 + 29.114)) / (50.021 / (50.021 + 150.618))
=0.568022 / 0.249308
=2.2784

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 / 2843.521) / (0 / 2260.874)
=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)
=((251.225 + 856.508) / 1614.689) / ((114.513 + 411.167) / 1030.279)
=0.686035 / 0.510231
=1.3446

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
=(3.829 - 0 - 125.027) / 1614.689
=-0.07506

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.

Gloe has a M-score of -2.45 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 -2.45 mean?
Gloe (TSE:9565) has a Beneish M-Score of -2.45 as of Jul. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Gloe and its competitors. According to the industry distribution chart, Gloe ranks #337 out of 532 companies in the Interactive Media industry, placing it in the top 63.3%.
Is Gloe's Beneish M-Score too high?
Gloe's current Beneish M-Score is -2.45. Based on the distribution chart, Gloe ranks #337 out of 532 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Gloe has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gloe's Beneish M-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Gloe ranks #337 out of 532 companies for Beneish M-Score. This places Gloe 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 an Interactive Media company?
A good Beneish M-Score depends on the Interactive Media 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 Gloe and its competitors. Gloe's current Beneish M-Score is -2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gloe stock overvalued right now?
Based on GuruFocus' analysis, Gloe (TSE:9565) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,873.61, compared to a current price of 円680.00 — trading 63.7% below its estimated fair value. The current Beneish M-Score is -2.45. Gloe's overall GF Score™ is 68/100 with 3 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 Gloe (TSE:9565), the current Beneish M-Score is -2.45 as of Jul. 08, 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 Gloe (TSE:9565) Overvalued in 2026?

Based on GuruFocus' analysis, Gloe stock appears to be undervalued. The current stock price of 円680.00 is trading 63.7% below its estimated GF Value™ of 円1,873.61. GuruFocus considers Gloe to be Significantly Undervalued.

Key valuation signals for TSE:9565:

  • Beneish M-Score: -2.45
  • GF Value™: 円1,873.61 vs. price of 円680.00 (63.7% below fair value)
  • GF Score™: 68/100 with 3 warning signs

No single metric tells the full story. See the TSE:9565 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Gloe Business Description

Address 22-1 Daikyo-cho, 6th Floor Grand First Shinjuku Gyoen, Shinjuku-ku, Tokyo, JPN, 160-0015
Gloe Inc is engaged in game and e-sports-related planning and production, tournament management, production, consulting, promotion, facility management, etc.
68GF Score

Get the complete analysis for TSE:9565

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

円680.00
Price
円1,873.61
GF Value