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Subaru CoTSE:9778 55 Beneish M-Score is -2.46 as of Jul. 18, 2026. GuruFocus rates TSE:9778 with a GF Score™ of 55/100 and a GF Value™ of 円6,638.36 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 238 Education companies, Subaru Co ranks worse than 62.18% 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 -2.46 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Subaru Co's Beneish M-Score or its related term are showing as below:
TSE:9778'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.06 Med: -2.45 Max: -1.58
Current: -2.46
During the past 13 years, the highest Beneish M-Score of Subaru Co was -1.58. The lowest was -3.06. And the median was -2.45.
Subaru Co Beneish M-Score Related Terms
Subaru Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Subaru 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.
TSE:9778 vs EDU, TAL, LAUR: Beneish M-Score Comparison
For the Education & Training Services subindustry, Subaru 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.
Subaru Co Beneish M-Score vs Education Industry
For the Education industry and Consumer Defensive sector, Subaru Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Subaru Co'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 Subaru 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 * 1.1752
+
0.528 * 0.9939
+
0.404 * 1.0615
+
0.892 * 0.9782
+
0.115 * 0.9951
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.958
+
4.679 * -0.033999
-
0.327 * 0.9708
=
-2.46
* 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))
=
(160.981 / (160.981 + 4899.179))
/
(159.392 / (159.392 + 4826.115))
=
0.031813
/
0.031971
=
0.9951
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
=
(40.751 - 0
-
274.481)
/
6874.547
=
-0.033999
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.
Subaru Co has a M-score of -2.46 suggests that the company is unlikely to be a manipulator.
Subaru Co (TSE:9778) has a Beneish M-Score of -2.46 as of Jul. 18, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Subaru Co and its competitors. According to the industry distribution chart, Subaru Co ranks #148 out of 238 companies in the Education industry, placing it in the top 62.2%.
Is Subaru Co's Beneish M-Score too high?
Subaru Co's current Beneish M-Score is -2.46. Based on the distribution chart, Subaru Co ranks #148 out of 238 companies in the Education industry, which is below the industry midpoint. Overall, Subaru Co has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Subaru Co's Beneish M-Score compare to EDU and TAL?
According to the Education industry distribution chart, Subaru Co ranks #148 out of 238 companies for Beneish M-Score. This places Subaru 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 an Education company?
A good Beneish M-Score depends on the Education 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 Subaru Co and its competitors. Subaru Co's current Beneish M-Score is -2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Subaru Co stock overvalued right now?
Based on GuruFocus' analysis, Subaru Co (TSE:9778) is currently considered Modestly Undervalued. The stock's GF Value™ is 円6,638.36, compared to a current price of 円5,800.00 — trading 12.6% below its estimated fair value. The current Beneish M-Score is -2.46. Subaru Co's overall GF Score™ is 55/100 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 Subaru Co (TSE:9778), the current Beneish M-Score is -2.46 as of Jul. 18, 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 Subaru Co (TSE:9778) Overvalued in 2026?
Based on GuruFocus' analysis, Subaru Co stock appears to be undervalued.
The current stock price of 円5,800.00 is trading 12.6% below its estimated GF Value™ of 円6,638.36.
GuruFocus considers Subaru Co to be Modestly Undervalued.
Key valuation signals for TSE:9778:
Beneish M-Score: -2.46
GF Value™: 円6,638.36 vs. price of 円5,800.00 (12.6% below fair value)
No single metric tells the full story. See the TSE:9778 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Subaru Co Ltd operates cram schools and provides academic tutoring and exam preparation services for kindergarten, elementary, and junior high school students. It also evaluates the academic achievement of the students using computer programs. It also conducts various mimetic tests such as All Kyushu mimetic tests, all Kyushu scholastic tests, trial undertaking, and other.
55GF Score
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