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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 -2.73 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Fukui Computer Holdings's Beneish M-Score or its related term are showing as below:
TSE:9790'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.73 Med: -2.54 Max: -2.25
Current: -2.73
During the past 13 years, the highest Beneish M-Score of Fukui Computer Holdings was -2.25. The lowest was -2.73. And the median was -2.54.
Fukui Computer Holdings Beneish M-Score Related Terms
Fukui Computer Holdings Beneish M-Score Historical Data
* 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:9790 vs UBER, SHOP, CRM: Beneish M-Score Comparison
For the Software - Application subindustry, Fukui Computer Holdings'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.
Fukui Computer Holdings Beneish M-Score vs Software Industry
For the Software industry and Technology sector, Fukui Computer Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Fukui Computer Holdings'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 Fukui Computer Holdings 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 * 0.8962
+
0.528 * 0.9679
+
0.404 * 1.0375
+
0.892 * 1.1315
+
0.115 * 0.6668
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.04824
-
0.327 * 1.0188
=
-2.73
* 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))
=
(233 / (233 + 3225))
/
(347 / (347 + 3087))
=
0.06738
/
0.101048
=
0.6668
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
=
(4313 - 0
-
6089)
/
36816
=
-0.04824
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.
Fukui Computer Holdings has a M-score of -2.73 suggests that the company is unlikely to be a manipulator.
Fukui Computer Holdings (TSE:9790) has a Beneish M-Score of -2.73 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Fukui Computer Holdings and its competitors. According to the industry distribution chart, Fukui Computer Holdings ranks #960 out of 2629 companies in the Software industry, placing it in the top 36.5%.
Is Fukui Computer Holdings' Beneish M-Score too high?
Fukui Computer Holdings' current Beneish M-Score is -2.73. Based on the distribution chart, Fukui Computer Holdings ranks #960 out of 2629 companies in the Software industry, which is above the industry midpoint. Overall, Fukui Computer Holdings has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fukui Computer Holdings' Beneish M-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Fukui Computer Holdings ranks #960 out of 2629 companies for Beneish M-Score. This puts Fukui Computer Holdings in the upper 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 Software company?
A good Beneish M-Score depends on the Software 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 Fukui Computer Holdings and its competitors. Fukui Computer Holdings's current Beneish M-Score is -2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fukui Computer Holdings stock overvalued right now?
Based on GuruFocus' analysis, Fukui Computer Holdings (TSE:9790) is currently considered Fairly Valued. The stock's GF Value™ is 円3,293.21, compared to a current price of 円3,130.00 — trading 5% below its estimated fair value. The current Beneish M-Score is -2.73. Fukui Computer Holdings' overall GF Score™ is 80/100 with 1 warning sign 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 Fukui Computer Holdings (TSE:9790), the current Beneish M-Score is -2.73 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 Fukui Computer Holdings (TSE:9790) Overvalued in 2026?
Based on GuruFocus' analysis, Fukui Computer Holdings stock appears to be undervalued.
The current stock price of 円3,130.00 is trading 5% below its estimated GF Value™ of 円3,293.21.
GuruFocus considers Fukui Computer Holdings to be Fairly Valued.
Key valuation signals for TSE:9790:
Beneish M-Score: -2.73
GF Value™: 円3,293.21 vs. price of 円3,130.00 (5% below fair value)
No single metric tells the full story. See the TSE:9790 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fukui Computer Holdings Inc is engaged in architecture, surveying, development, and sale of various types of computer-aided design (CAD) software. It supplies services for two segments which are architecture and information technology respectively. The architectural business includes the 3D architectural designing system that supports total design work from design to presentation, various applications, integration / estimation, after-sales management. The Measurement Civil Engineering CAD segment is engaged in the development, sale, and maintenance of measurement CAD software and civil engineering CAD software. The Information Technology (IT) Solution segment offers solution services, including other system development, Web application and hosting services.
80GF Score
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