UZX (Linkage Global) Beneish M-Score: 0.00 (As of Jun. 24, 2026)


UZX Linkage Global Inc UZX
13 GF Score
Price $0.37
! 5 Warning Signs
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What is Linkage Global Beneish M-Score?

Linkage Global UZX -4.62% 13 Beneish M-Score is 0.00 as of Jun. 24, 2026. GuruFocus rates UZX with a GF Score™ of 13/100. The stock has 5 warning signs investors should review. Among 1,087 Retail - Cyclical companies, Linkage Global ranks worse than 91996.23% 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.

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

During the past 5 years, the highest Beneish M-Score of Linkage Global was -0.85. The lowest was -1.39. And the median was -1.12.

Linkage Global Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Linkage Global'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.

Linkage Global Beneish M-Score Chart

Linkage Global Annual Data
Trend Sep21 Sep22 Sep23 Sep24 Sep25
Beneish M-Score
0.00 0.00 -1.39 -0.85 0.00

Linkage Global Semi-Annual Data
Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only -1.39 0.00 -0.85 0.00 0.00

UZX vs NHTC, AAQL, LITB: Beneish M-Score Comparison

For the Internet Retail subindustry, Linkage Global'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.

Linkage Global Beneish M-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Linkage Global's Beneish M-Score distribution charts can be found below:

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


UZX
13GF Score
Linkage Global Inc UZX
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Linkage Global 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 Linkage Global 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Sep25) TTM:Last Year (Sep24) TTM:
Total Receivables was $16.58 Mil.
Revenue was $5.10 Mil.
Gross Profit was $3.70 Mil.
Total Current Assets was $20.72 Mil.
Total Assets was $21.35 Mil.
Property, Plant and Equipment(Net PPE) was $0.63 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.27 Mil.
Selling, General, & Admin. Expense(SGA) was $7.73 Mil.
Total Current Liabilities was $4.08 Mil.
Long-Term Debt & Capital Lease Obligation was $0.93 Mil.
Net Income was $-7.37 Mil.
Gross Profit was $0.07 Mil.
Cash Flow from Operations was $-4.69 Mil.
 Total Receivables was $7.12 Mil.
Revenue was $10.29 Mil.
Gross Profit was $4.17 Mil.
Total Current Assets was $11.95 Mil.
Total Assets was $12.69 Mil.
Property, Plant and Equipment(Net PPE) was $0.74 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.31 Mil.
Selling, General, & Admin. Expense(SGA) was $3.94 Mil.
Total Current Liabilities was $4.39 Mil.
Long-Term Debt & Capital Lease Obligation was $1.28 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)
=(16.579 / 5.098) / (7.115 / 10.29)
=3.25206 / 0.691448
=

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)
=(4.167 / 10.29) / (3.702 / 5.098)
=0.404956 / 0.726167
=

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 - (20.723 + 0.628) / 21.352) / (1 - (11.952 + 0.74) / 12.692)
=4.7E-5 / 0
=

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
=5.098 / 10.29
=

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))
=(0.311 / (0.311 + 0.74)) / (0.27 / (0.27 + 0.628))
=0.295909 / 0.300668
=

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)
=(7.727 / 5.098) / (3.941 / 10.29)
=1.515692 / 0.382993
=

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)
=((0.934 + 4.082) / 21.352) / ((1.281 + 4.386) / 12.692)
=0.234919 / 0.446502
=

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
=(-7.368 - 0.07 - -4.685) / 21.352
=-0.128934

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Linkage Global (UZX) has a Beneish M-Score of 0.00 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Linkage Global and its competitors. According to the industry distribution chart, Linkage Global ranks #999999 out of 1087 companies in the Retail - Cyclical industry.
Is Linkage Global's Beneish M-Score too high?
Linkage Global's current Beneish M-Score is 0.00. Based on the distribution chart, Linkage Global ranks #999999 out of 1087 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Linkage Global has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Linkage Global's Beneish M-Score compare to NHTC and AAQL?
According to the Retail - Cyclical industry distribution chart, Linkage Global ranks #999999 out of 1087 companies for Beneish M-Score. This places Linkage Global 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 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 Linkage Global and its competitors. Linkage Global's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Linkage Global stock overvalued right now?
Linkage Global (UZX) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Linkage Global's overall GF Score™ is 13/100 with 5 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 Linkage Global (UZX), the current Beneish M-Score is 0.00 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.

Linkage Global Business Description

Address 2-23-3 Minami-Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0022
Linkage Global Inc is a cross-border e-commerce integrated service provider. It provides international e-commerce merchants, overseas brands, import and export trading enterprises, etc. with a globally selected supply chain, digital marketing, e-commerce training, international store, ERP and e-commerce software, social e-commerce and other e-commerce integrated services. The company has two operating segments: Extend from Japan, and Other Subsidiaries from Hong Kong. The company is Committed to building a one-stop cross-border integrated service platform to make cross-border trade easier. Company operates in Japan, Hong Kong and China, with maximum revenue from Japan.
13GF Score

Get the complete analysis for UZX

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

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