Altech CoTSE:9972 73 Beneish M-Score is -3.49 as of Jun. 24, 2026. GuruFocus rates TSE:9972 with a GF Score™ of 73/100 and a GF Value™ of 円269.18 (Fairly Valued). The stock has 8 warning signs investors should review. Among 2,926 Industrial Products companies, Altech Co ranks better than 94.33% 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 -3.49 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Altech Co's Beneish M-Score or its related term are showing as below:
TSE:9972'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.49 Med: -2.7 Max: -2.19
Current: -3.49
During the past 13 years, the highest Beneish M-Score of Altech Co was -2.19. The lowest was -3.49. And the median was -2.70.
Altech Co Beneish M-Score Related Terms
Altech Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Altech 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:9972 vs GEV, ETN, PH: Beneish M-Score Comparison
For the Specialty Industrial Machinery subindustry, Altech 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.
Altech Co Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Altech Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Altech 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 Altech 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 * 1.1778
+
0.528 * 0.9385
+
0.404 * 0.8446
+
0.892 * 0.9626
+
0.115 * 0.6071
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.212749
-
0.327 * 1.0064
=
-3.49
* 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))
=
(823.918 / (823.918 + 6049.092))
/
(869.585 / (869.585 + 3534.418))
=
0.119877
/
0.197453
=
0.6071
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
=
(-2594.639 - 0
-
569.59)
/
14873.088
=
-0.212749
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.
Altech Co has a M-score of -3.49 suggests that the company is unlikely to be a manipulator.
Altech Co (TSE:9972) has a Beneish M-Score of -3.49 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Altech Co and its competitors. According to the industry distribution chart, Altech Co ranks #166 out of 2926 companies in the Industrial Products industry, placing it in the top 5.7%.
Is Altech Co's Beneish M-Score too high?
Altech Co's current Beneish M-Score is -3.49. Based on the distribution chart, Altech Co ranks #166 out of 2926 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Altech Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Altech Co's Beneish M-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Altech Co ranks #166 out of 2926 companies for Beneish M-Score. This places Altech Co in the top 6% of its industry — outperforming the majority of peers. 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 Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Altech Co and its competitors. Altech Co's current Beneish M-Score is -3.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altech Co stock overvalued right now?
Based on GuruFocus' analysis, Altech Co (TSE:9972) is currently considered Fairly Valued. The stock's GF Value™ is 円269.18, compared to a current price of 円259.00 — trading 3.8% below its estimated fair value. The current Beneish M-Score is -3.49. Altech Co's overall GF Score™ is 73/100 with 8 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 Altech Co (TSE:9972), the current Beneish M-Score is -3.49 as of Jun. 24, 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 Altech Co (TSE:9972) Overvalued in 2026?
Based on GuruFocus' analysis, Altech Co stock appears to be undervalued.
The current stock price of 円259.00 is trading 3.8% below its estimated GF Value™ of 円269.18.
GuruFocus considers Altech Co to be Fairly Valued.
Key valuation signals for TSE:9972:
Beneish M-Score: -3.49
GF Value™: 円269.18 vs. price of 円259.00 (3.8% below fair value)
No single metric tells the full story. See the TSE:9972 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Altech Co Ltd is engaged in the trading business, which purchases and sells industrial machinery and equipment, and provides related services. It manufactures and sells preforms for PET bottles and plastic caps, and provides related services. Geographically, it operates in Japan, Asia, Americas, and Europe, of which Japan derives maximum revenue. The company's products include: Automotive-related, AV control systems, Printing, Container & Packaging, 3D Printers, Logistics & Supply Chain, Robotics, IC card/RFID tag systems, 5G/IoT inspection equipment, Plastic processing & extrusion equipment, Composite materials, Next-generation electronics, Nanotechnology, Food manufacturing & processing, Medical & pharmaceutical, Cosmetics, Chemical, Water treatment, and Beverage systems.
73GF Score
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