JPMorgan Asia Growth &ome (CHIX:JAGIL) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


CHIX:JAGIL JPMorgan Asia Growth & Income PLC CHIX:JAGIL
45 GF Score
Price £3.71
GF Value £8.95
! 5 Warning Signs
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What is JPMorgan Asia Growth &ome Beneish M-Score?

JPMorgan Asia Growth &ome CHIX:JAGIL 45 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates CHIX:JAGIL with a GF Score™ of 45/100 and a GF Value™ of £8.95. The stock has 5 warning signs investors should review. Among 954 Asset Management companies, JPMorgan Asia Growth &ome ranks worse than 104821.7% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 JPMorgan Asia Growth &ome's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of JPMorgan Asia Growth &ome was -0.70. The lowest was -0.98. And the median was -0.84.

CHIX:JAGIL
45GF Score
JPMorgan Asia Growth & Income PLC CHIX:JAGIL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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JPMorgan Asia Growth &ome 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 JPMorgan Asia Growth &ome 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 £0.00 Mil.
Revenue was £52.04 Mil.
Gross Profit was £52.04 Mil.
Total Current Assets was £0.00 Mil.
Total Assets was £328.22 Mil.
Property, Plant and Equipment(Net PPE) was £0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was £0.00 Mil.
Selling, General, & Admin. Expense(SGA) was £0.87 Mil.
Total Current Liabilities was £0.00 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Net Income was £50.62 Mil.
Gross Profit was £0.00 Mil.
Cash Flow from Operations was £1.80 Mil.
 Total Receivables was £0.00 Mil.
Revenue was £44.45 Mil.
Gross Profit was £44.45 Mil.
Total Current Assets was £0.00 Mil.
Total Assets was £338.72 Mil.
Property, Plant and Equipment(Net PPE) was £0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was £0.00 Mil.
Selling, General, & Admin. Expense(SGA) was £0.82 Mil.
Total Current Liabilities was £0.00 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 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 / 52.035) / (0 / 44.453)
=0 / 0
=

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)
=(44.453 / 44.453) / (52.035 / 52.035)
=1 / 1
=

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 + 0) / 328.22) / (1 - (0 + 0) / 338.721)
=1 / 1
=

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
=52.035 / 44.453
=

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 + 0)) / (0 / (0 + 0))
= /
=

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)
=(0.873 / 52.035) / (0.821 / 44.453)
=0.016777 / 0.018469
=

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 + 0) / 328.22) / ((0 + 0) / 338.721)
=0 / 0
=

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
=(50.615 - 0 - 1.796) / 328.22
=0.148739

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?
JPMorgan Asia Growth &ome (CHIX:JAGIL) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on JPMorgan Asia Growth &ome and its competitors. According to the industry distribution chart, JPMorgan Asia Growth &ome ranks #999999 out of 954 companies in the Asset Management industry.
Is JPMorgan Asia Growth &ome's Beneish M-Score too high?
JPMorgan Asia Growth &ome's current Beneish M-Score is 0.00. Based on the distribution chart, JPMorgan Asia Growth &ome ranks #999999 out of 954 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, JPMorgan Asia Growth &ome has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does JPMorgan Asia Growth &ome's Beneish M-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, JPMorgan Asia Growth &ome ranks #999999 out of 954 companies for Beneish M-Score. This places JPMorgan Asia Growth &ome 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 an Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 JPMorgan Asia Growth &ome and its competitors. JPMorgan Asia Growth &ome'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 JPMorgan Asia Growth &ome stock overvalued right now?
JPMorgan Asia Growth &ome (CHIX:JAGIL) has a current Beneish M-Score of 0.00. The stock's GF Value™ is £8.95, compared to a current price of £3.71 — trading 58.5% below its estimated fair value. The current Beneish M-Score is 0.00. JPMorgan Asia Growth &ome's overall GF Score™ is 45/100 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 JPMorgan Asia Growth &ome (CHIX:JAGIL), the current Beneish M-Score is 0.00 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 JPMorgan Asia Growth &ome (CHIX:JAGIL) Overvalued in 2026?

Based on GuruFocus' analysis, JPMorgan Asia Growth &ome stock appears to be undervalued. The current stock price of £3.71 is trading 58.5% below its estimated GF Value™ of £8.95.

Key valuation signals for CHIX:JAGIL:

  • Beneish M-Score: 0.00
  • GF Value™: £8.95 vs. price of £3.71 (58.5% below fair value)
  • GF Score™: 45/100 with 5 warning signs

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

JPMorgan Asia Growth &ome Business Description

Other Exchanges JAGI:UK
Address 60 Victoria Embankment, London, GBR, EC4Y 0JP
JPMorgan Asia Growth & Income PLC is an investment trust and public limited company with closed-ended investment funds listed on the London Stock Exchange. The company aims to provide total return from investing in equities quoted on the stock markets of Asia, excluding Japan. It has a diversified portfolio of Asian stocks comprising around 50 to 80 investments. The company invests in a portfolio of Asian stocks with an emphasis on capital growth rather than income. Investment risks are managed by diversifying investments.
45GF Score

Get the complete analysis for CHIX:JAGIL

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

£3.71
Price
£8.95
GF Value