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 -2.58 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Sac's Bar Holdings's Beneish M-Score or its related term are showing as below:
TSE:9990'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.95 Med: -2.58 Max: -2.06
Current: -2.58
During the past 13 years, the highest Beneish M-Score of Sac's Bar Holdings was -2.06. The lowest was -2.95. And the median was -2.58.
Sac's Bar Holdings Beneish M-Score Related Terms
Sac's Bar Holdings Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Sac's Bar Holdings'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.
For the Luxury Goods subindustry, Sac's Bar 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.
Sac's Bar Holdings Beneish M-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Sac's Bar Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Sac's Bar 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 Sac's Bar 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 * 1.0289
+
0.528 * 1.003
+
0.404 * 0.8987
+
0.892 * 0.9805
+
0.115 * 1.1591
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.018393
-
0.327 * 1.0077
=
-2.58
* 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))
=
(630.006 / (630.006 + 11243.25))
/
(608.751 / (608.751 + 12689.324))
=
0.053061
/
0.045777
=
1.1591
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
=
(1907.181 - 0
-
2674.43)
/
41714.859
=
-0.018393
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.
Sac's Bar Holdings has a M-score of -2.58 suggests that the company is unlikely to be a manipulator.
Sac's Bar Holdings (TSE:9990) has a Beneish M-Score of -2.58 as of Jul. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sac's Bar Holdings and its competitors. According to the industry distribution chart, Sac's Bar Holdings ranks #532 out of 1084 companies in the Retail - Cyclical industry, placing it in the top 49.1%.
Is Sac's Bar Holdings' Beneish M-Score too high?
Sac's Bar Holdings' current Beneish M-Score is -2.58. Based on the distribution chart, Sac's Bar Holdings ranks #532 out of 1084 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Sac's Bar Holdings has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sac's Bar Holdings' Beneish M-Score compare to TPR?
According to the Retail - Cyclical industry distribution chart, Sac's Bar Holdings ranks #532 out of 1084 companies for Beneish M-Score. This puts Sac's Bar 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 Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 Sac's Bar Holdings and its competitors. Sac's Bar Holdings's current Beneish M-Score is -2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sac's Bar Holdings stock overvalued right now?
Based on GuruFocus' analysis, Sac's Bar Holdings (TSE:9990) is currently considered Modestly Undervalued. The stock's GF Value™ is 円836.75, compared to a current price of 円757.00 — trading 9.5% below its estimated fair value. The current Beneish M-Score is -2.58. Sac's Bar Holdings' overall GF Score™ is 75/100 with 2 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 Sac's Bar Holdings (TSE:9990), the current Beneish M-Score is -2.58 as of Jul. 20, 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 Sac's Bar Holdings (TSE:9990) Overvalued in 2026?
Based on GuruFocus' analysis, Sac's Bar Holdings stock appears to be undervalued.
The current stock price of 円757.00 is trading 9.5% below its estimated GF Value™ of 円836.75.
GuruFocus considers Sac's Bar Holdings to be Modestly Undervalued.
Key valuation signals for TSE:9990:
Beneish M-Score: -2.58
GF Value™: 円836.75 vs. price of 円757.00 (9.5% below fair value)
No single metric tells the full story. See the TSE:9990 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sac's Bar Holdings Inc through its subsidiaries is engaged in the retail and wholesale of bags, wallets and miscellaneous goods in China. The company operates more than 600 retail stores that sell a wide range of men's and women's bags, wallets, and accessories. The retail stores sell national and imported brands, but it also carries private-brand products. Sac's Bar's other businesses design and manufacture men's bags and luggage that wholesale to mass merchandisers, department stores, and other retailers. Majority of the company's sales come from its retail stores, which operate under the names Sac's Bar, Lapax, and Gran Sac's. The company's sales are entirely in Japan.
75GF Score
Get the complete analysis for TSE:9990
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:9990 has been successfully added to your 
