Yoshi Innovation (WAR:YOS) Beneish M-Score: -5.94 (As of Jun. 26, 2026)


WAR:YOS Yoshi Innovation SA WAR:YOS
46 GF Score
Price zł0.89
GF Value zł1.41
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Yoshi Innovation Beneish M-Score?

Yoshi Innovation WAR:YOS +5.71% 46 Beneish M-Score is -5.94 as of Jun. 26, 2026. GuruFocus rates WAR:YOS with a GF Score™ of 46/100 and a GF Value™ of zł1.41 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 2,634 Software companies, Yoshi Innovation ranks better than 96.81% 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 -5.94 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

WAR:YOS' s Beneish M-Score Range Over the Past 10 Years
Min: -5.94   Med: -2.66   Max: 11.86
Current: -5.94

During the past 13 years, the highest Beneish M-Score of Yoshi Innovation was 11.86. The lowest was -5.94. And the median was -2.66.


Yoshi Innovation Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Yoshi Innovation'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.

Yoshi Innovation Beneish M-Score Chart

Yoshi Innovation Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.86 -0.98 -2.66 -4.29 -5.94

Yoshi Innovation Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 -5.94 0.00

WAR:YOS vs CRM, SHOP, UBER: Beneish M-Score Comparison

For the Software - Application subindustry, Yoshi Innovation'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.


Yoshi Innovation Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Yoshi Innovation's Beneish M-Score distribution charts can be found below:

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


WAR:YOS
46GF Score
Yoshi Innovation SA WAR:YOS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Yoshi Innovation 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 Yoshi Innovation 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 * 0.3199+0.528 * 1.0649+0.404 * 0.9747+0.892 * 0.9071+0.115 * 0.9169
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.539963-0.327 * 1.7277
=-5.94

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was zł0.15 Mil.
Revenue was zł0.53 Mil.
Gross Profit was zł0.34 Mil.
Total Current Assets was zł0.53 Mil.
Total Assets was zł8.56 Mil.
Property, Plant and Equipment(Net PPE) was zł0.01 Mil.
Depreciation, Depletion and Amortization(DDA) was zł0.25 Mil.
Selling, General, & Admin. Expense(SGA) was zł0.00 Mil.
Total Current Liabilities was zł1.76 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.94 Mil.
Net Income was zł-6.29 Mil.
Gross Profit was zł0.00 Mil.
Cash Flow from Operations was zł-1.67 Mil.
Total Receivables was zł0.52 Mil.
Revenue was zł0.58 Mil.
Gross Profit was zł0.40 Mil.
Total Current Assets was zł0.60 Mil.
Total Assets was zł16.11 Mil.
Property, Plant and Equipment(Net PPE) was zł0.01 Mil.
Depreciation, Depletion and Amortization(DDA) was zł0.10 Mil.
Selling, General, & Admin. Expense(SGA) was zł0.00 Mil.
Total Current Liabilities was zł1.71 Mil.
Long-Term Debt & Capital Lease Obligation was zł1.22 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)
=(0.15 / 0.527) / (0.517 / 0.581)
=0.28463 / 0.889845
=0.3199

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)
=(0.398 / 0.581) / (0.339 / 0.527)
=0.685026 / 0.643264
=1.0649

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 - (0.527 + 0.008) / 8.558) / (1 - (0.604 + 0.012) / 16.113)
=0.937485 / 0.96177
=0.9747

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
=0.527 / 0.581
=0.9071

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))
=(0.096 / (0.096 + 0.012)) / (0.254 / (0.254 + 0.008))
=0.888889 / 0.969466
=0.9169

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)
=(0 / 0.527) / (0 / 0.581)
=0 / 0
=1

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)
=((0.935 + 1.76) / 8.558) / ((1.223 + 1.714) / 16.113)
=0.31491 / 0.182275
=1.7277

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
=(-6.288 - 0 - -1.667) / 8.558
=-0.539963

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.

Yoshi Innovation has a M-score of -5.94 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -5.94 mean?
Yoshi Innovation (WAR:YOS) has a Beneish M-Score of -5.94 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yoshi Innovation and its competitors. According to the industry distribution chart, Yoshi Innovation ranks #84 out of 2634 companies in the Software industry, placing it in the top 3.2%.
Is Yoshi Innovation's Beneish M-Score too high?
Yoshi Innovation's current Beneish M-Score is -5.94. Based on the distribution chart, Yoshi Innovation ranks #84 out of 2634 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Yoshi Innovation has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Yoshi Innovation's Beneish M-Score compare to CRM and SHOP?
According to the Software industry distribution chart, Yoshi Innovation ranks #84 out of 2634 companies for Beneish M-Score. This places Yoshi Innovation in the top 3% 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 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 Yoshi Innovation and its competitors. Yoshi Innovation's current Beneish M-Score is -5.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yoshi Innovation stock overvalued right now?
Based on GuruFocus' analysis, Yoshi Innovation (WAR:YOS) is currently considered Possible Value Trap. The stock's GF Value™ is zł1.41, compared to a current price of zł0.89 — trading 37% below its estimated fair value. The current Beneish M-Score is -5.94. Yoshi Innovation's overall GF Score™ is 46/100 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 Yoshi Innovation (WAR:YOS), the current Beneish M-Score is -5.94 as of Jun. 26, 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 Yoshi Innovation (WAR:YOS) Overvalued in 2026?

Based on GuruFocus' analysis, Yoshi Innovation stock appears to be undervalued. The current stock price of zł0.89 is trading 37% below its estimated GF Value™ of zł1.41. GuruFocus considers Yoshi Innovation to be Possible Value Trap.

Key valuation signals for WAR:YOS:

  • Beneish M-Score: -5.94
  • GF Value™: zł1.41 vs. price of zł0.89 (37% below fair value)
  • GF Score™: 46/100 with 8 warning signs

No single metric tells the full story. See the WAR:YOS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yoshi Innovation Business Description

Address Ulica Stanislawa Augusta 73/4, Warsaw, POL, 03-846
Yoshi Innovation SA formerly Acrebit SA is engaged in the development of ERP and CRM software applications. The company specializes in software for printing. Its solutions include Financial tools, Uniform Audit File, SmartForecast and ELogostics- Carriers and Waybills.
46GF Score

Get the complete analysis for WAR:YOS

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

zł0.89
Price
zł1.41
GF Value