BEDU (Bright Scholar Education Holdings) Beneish M-Score: 0.00 (As of Jul. 20, 2026)

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Bright Scholar Education Holdings Ltd BEDU

48 GF Score

Price $2.25

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What is Bright Scholar Education Holdings Beneish M-Score?

Bright Scholar Education Holdings BEDU 48 Beneish M-Score is 0.00 as of Jul. 20, 2026. GuruFocus rates BEDU with a GF Score™ of 48/100.

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 Bright Scholar Education Holdings's Beneish M-Score or its related term are showing as below:

During the past 11 years, the highest Beneish M-Score of Bright Scholar Education Holdings was 0.00. The lowest was 0.00. And the median was 0.00.

Bright Scholar Education Holdings Beneish M-Score Related Terms

Bright Scholar Education Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Bright Scholar Education 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.

Bright Scholar Education Holdings Beneish M-Score Chart

Bright Scholar Education Holdings Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Beneish M-Score

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7.05

-2.33

-4.44

-2.67

-3.76

Bright Scholar Education Holdings Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Beneish M-Score	Get a 7-Day Free Trial															-2.65	-2.85	-3.76	-3.73	-3.75

BEDU vs SKIL, GNS, STG: Beneish M-Score Comparison

For the Education & Training Services subindustry, Bright Scholar Education 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.

Bright Scholar Education Holdings Beneish M-Score vs Education Industry

For the Education industry and Consumer Defensive sector, Bright Scholar Education Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Bright Scholar Education Holdings's Beneish M-Score falls into.

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48GF Score

Bright Scholar Education Holdings Ltd BEDU

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Bright Scholar Education Holdings 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 Bright Scholar Education Holdings for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.441

0.528 * 1.0719

0.404 * 0.5502

0.892 * 0.8664

0.115 * 1

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9487

4.679 * -0.092904

0.327 * 1.2158

-3.75

This Year (Feb25) TTM:

Last Year (Feb24) TTM:

Total Receivables was $16.7 Mil.
Revenue was 55.01 + 56.983 + 8.025 + 77.446 = $197.5 Mil.
Gross Profit was 16.516 + 16.615 + -11.304 + 28.344 = $50.2 Mil.
Total Current Assets was $75.7 Mil.
Total Assets was $390.7 Mil.
Property, Plant and Equipment(Net PPE) was $232.0 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.0 Mil.
Selling, General, & Admin. Expense(SGA) was $48.7 Mil.
Total Current Liabilities was $110.9 Mil.
Long-Term Debt & Capital Lease Obligation was $185.9 Mil.
Net Income was 4.02 + 4.761 + -137.354 + -9.236 = $-137.8 Mil.
Non Operating Income was -0.731 + -0.005 + -102.093 + -17.391 = $-120.2 Mil.
Cash Flow from Operations was -1.918 + -7.206 + 14.377 + 13.455 = $18.7 Mil.

Total Receivables was $43.7 Mil.
Revenue was 61.273 + 66.301 + 17.028 + 83.312 = $227.9 Mil.
Gross Profit was 18.883 + 22.218 + -6.452 + 27.422 = $62.1 Mil.
Total Current Assets was $117.4 Mil.
Total Assets was $612.5 Mil.
Property, Plant and Equipment(Net PPE) was $258.7 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.0 Mil.
Selling, General, & Admin. Expense(SGA) was $59.2 Mil.
Total Current Liabilities was $180.4 Mil.
Long-Term Debt & Capital Lease Obligation was $202.3 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)
	=	(16.7 / 197.464)	/	(43.707 / 227.914)
	=	0.084572	/	0.19177
	=	0.441

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)
	=	(62.071 / 227.914)	/	(50.171 / 197.464)
	=	0.272344	/	0.254077
	=	1.0719

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 - (75.725 + 231.989) / 390.695)	/	(1 - (117.393 + 258.664) / 612.482)
	=	0.212393	/	0.386011
	=	0.5502

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
	=	197.464	/	227.914
	=	0.8664

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 / (0 + 258.664))	/	(0 / (0 + 231.989))
	=	0	/	0
	=	1

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)
	=	(48.687 / 197.464)	/	(59.236 / 227.914)
	=	0.246561	/	0.259905
	=	0.9487

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)
	=	((185.868 + 110.917) / 390.695)	/	((202.312 + 180.359) / 612.482)
	=	0.759633	/	0.624787
	=	1.2158

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
	=	(-137.809 - -120.22	-	18.708)	/	390.695
	=	-0.092904

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.

Bright Scholar Education Holdings has a M-score of -3.75 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 0.00 mean?

Bright Scholar Education Holdings (BEDU) has a Beneish M-Score of 0.00 as of Jul. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bright Scholar Education Holdings and its competitors.

Is Bright Scholar Education Holdings' Beneish M-Score too high?

Bright Scholar Education Holdings' current Beneish M-Score is 0.00. Overall, Bright Scholar Education Holdings has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.

How does Bright Scholar Education Holdings' Beneish M-Score compare to SKIL and GNS?

Bright Scholar Education Holdings' Beneish M-Score of 0.00 can be compared against companies in the Education 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 an Education company?

A good Beneish M-Score depends on the Education 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 Bright Scholar Education Holdings and its competitors. Bright Scholar Education Holdings'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 Bright Scholar Education Holdings stock overvalued right now?

Bright Scholar Education Holdings (BEDU) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Bright Scholar Education Holdings' overall GF Score™ is 48/100. 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 Bright Scholar Education Holdings (BEDU), the current Beneish M-Score is 0.00 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.

Bright Scholar Education Holdings Business Description

Industry Consumer Defensive Education

Comparable Companies SKIL GNS STG RYET FEDU CHGG LMMY AACG PCSV EDTK EDU TAL LAUR GHC LOPE NSE:PWL ATGE MH HKSE:09636 LRN

Address 149 Cherry Hinton Road Cambridge, Suites 6-7, The Turvill Building Old Swiss, England, GBR, CB1 7BX

Website https://www.brightscholar.com

Bright Scholar Education Holdings Ltd operates as an education service provider. It is engaged in the provision of education services, including complementary education services, operation services for domestic schools, and education programs and services including independent schools and colleges in United Kingdom and the United States. It nearly eight overseas school located in the United Kingdom and the United States. It has three reportable segments, including Overseas Schools, Complementary Education Services, and K-12 Operation Services. Key revenue is generated from Overseas Schools. From a geographical perspective: Key revenue is generated from China following UK, U.S., Canada and Singapore.

48GF Score

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$2.25

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