Toyota Motor Corporation (TM)

74.85 -2.04  -2.65%  Jun 01, 1:00PM Go Pro
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Toyota Motor Corporation Beneish M-Score: -2.693

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TM Beneish M-Score Rankings

Overall 57th percentile 1600 of 3771
Sector 76th percentile 88 of 367 in Consumer Goods
Industry 57th percentile 3 of 7 in Auto Manufacturers - Major

TM Beneish M-Score Range, Past 5 Years

Minimum -2.724 Mar 2010
Maximum -2.379 Jun 2008
Average -2.605

About Beneish M Score

The Beneish M Score helps to uncover companies who are likely to be manipulating their reported earnings. Companies with a higher score are more likely to be manipulators. This is a probabilistic model, so it will not detect manipulators with 100% accuracy.

The best cut-off point depends on the costs mistakenly classifying in one of two ways:

1) Classifying firm that is manipulating earnings as a non-manipulator (Type I error), and
2) Classifying a firm as a manipulator when it actually was not manipulating (Type II Error).

Here are optimal cut-offs according to Beneish, presented as the score followed by the cost of Type I error relative to cost of Type II error):

M Score HTML Table:

ScoreRelative Error Costs
(Type I:Type II)
M Score > -1.49 (10:1)
M Score > -1.78 (20:1)
M Score > -1.89 (40+:1)


Beneish excluded financial institutions from his sample when calculating the M-Score, so extreme care should be taken when looking at M-Scores of financial firms - their business models are different from the manufacturing and other service firms that Beneish used in his study.

If you want more details, here is the original Beneish M Score Paper, or you can learn about our calculation by clicking "Learn More" below.

Learn More

TM News

Yen Strength Creates Large Ripples
Jun 01, 12:30PM Fool
May Car Sales Grow, Mostly Miss Estimates
Jun 01, 11:34AM Investor Place
RT @DigDugTrader $TM sales jumped 87% and they still missed expectations? Ok...this silly analyst game is getting rediculous.... $$
about 2 hours ago by WorldJazz59
$TM sales jumped 87% and they still missed expectations? Ok...this silly analyst game is getting rediculous....
about 2 hours ago by DigDugTrader
Anybody noticing these CRAZY numbers from car manufacturers? RT @Street_Insider Toyota $TM reports 87.3% rise in US auto sales for May
about 3 hours ago by chicagosean
Toyota $TM reports 87.3% rise in US auto sales for May
about 3 hours ago by Street_Insider
Japan May Non-Mini Auto Sales Up 66.3%
Jun 01, 4:40AM Benzinga
Ford: In Good Form
May 31, 4:30PM Fool
Ford: We're Maxed Out
May 31, 2:39PM Fool
Went car shopping. Impressed with $TM Still holding $TSLA $HMC is a flop
about a day ago by william_mccuan
With the way the currencies are moving, imagine how expensive it is getting for a european to buy a japanese car. $HMC $TM $NSANY
about a day ago by bradloncar
3 Reasons to Buy GM
May 30, 6:11PM Fool
Why the World Drives Toyotas
May 30, 3:39PM Fool
New Auto Ad Strategies Energize the Sector
May 30, 11:30AM Investor Place
Chrylser Drops Jeep Compass, Focuses on Dart
May 30, 10:29AM Investor Place
It is amazing how fast Beijing has going from capping the number of auto sales to trying to jumpstart demand again. $F $GM $TM
about 3 days ago by bradloncar
Big Three Japanese Automakers Report Strong Production, Sales In April. $TM $NSANY $HMC http://stks.co/40W0
about 4 days ago by abubnic
Memorial Day Sales Events Will Drive Auto Industry To 14.2M SAAR, According To Kelley Blue Book Analysts. $TM $F http://stks.co/3xT4
about 9 days ago by abubnic
GM Recalls Aveo in China
May 18, 2:15PM
SunPower & Ford: Teaming Up on PV+EV $tm $f $spwr $tan $fan $gm http://stks.co/3sPb
about 15 days ago by solarfeeds
News related to $TM: 'Ford takes on Toyota with lower-priced hybrid' http://stks.co/3rk0
about 16 days ago by TradeBot
China Auto Sales Pick Up
May 16, 1:40PM
German #luxe brands all up in down Euro #autos market, value Koreans also gain share. Renault, $GM, Toyota, Fiat all lose ground $$ $F $TM
about 16 days ago by retail_guru
$GM $FB $AFL $RICK $F $TM $HDA $TSLA GM to Stop Advertising on Facebook! Where will 15 year olds shop for cars now? http://stks.co/3qDP
about 17 days ago by laughing_stock
$GM $F $TM One argument in favor of cars over bikes: http://stks.co/3q4O
about 17 days ago by laughing_stock
A123 Reports $125M Q1 Loss $aone $hev $f $tm $gm $ttm http://stks.co/3q0e
about 17 days ago by solarfeeds
$tm, More good news out of Japans economy this morning related to Mazda and Auto makers today. $TM is a core holding for me.
about 21 days ago by Bav111
Rental Car Industry in Charts: Never Mind Zipcar – Look at Dollar Thrifty Automotive http://stks.co/3m0C $DTG $CAR $HTZ $ZIP $F $GM $TM
about 22 days ago by ycharts
Tesla Helps Toyota Go Electric $tm $gm $tsla http://stks.co/3lrl
about 22 days ago by solarfeeds
$tm profits quadruple, rosey outlook http://stks.co/3kYD
about 23 days ago by tsxsmallcaps
$TM Mentioned more than normal on StockTwits - Currently at 4 x average daily social activity
about 23 days ago by TradeIdeasQuant
Will add a core position today to my long term holdings $TM. Eyes also on Shorts of $AAPL $CMG. Long $Soda
about 23 days ago by Bav111
RT @YahooFinance Toyota quarterly profit quadruples on recovery http://stks.co/3jtw $TM #earnings
about 23 days ago by Bav111
Anyone written off #Japan and/or worried abt yen need only see Toyota $TM FY12 earnings & '13 forecast. Truly amazing. $EWJ $HMC
about 23 days ago by ActiveInvesting
Morning News: May 9, 2012 | via @EddyElfenbein http://stks.co/3jtd $CL_F $MS $TM $DIS $PRU
about 23 days ago by STNet
@c2blum Also worth remembering that this is first use of $TSLA drivetrain by $TM. $TM won't want to bet the farm in round 1 - usual NIHS.
about 23 days ago by DojoMouse

Recent Quotes

Symbol Price Chg Chg % Market Cap
TM 74.85 -2.04 -2.65% 120.55B
TLT 129.62 +2.02 +1.58%
TLR 0.38 +0.00 +0.00% 23.29M
TLP 31.20 -0.34 -1.08% 456.07M
TLM 10.45 -0.05 -0.48% 10.83B
TLK 33.06 +0.50 +1.54% 16.41B
TGE 8.90 -0.47 -5.02% 190.49M
TGC 0.7502 -0.03 -3.81% 47.37M
TGB 2.66 +0.03 +1.14% 515.01M
TGAL 3.49 +0.00 +0.00% 5.898M
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