Kanzhun (FRA:8JN) Beneish M-Score: -3.44 (As of Jun. 27, 2026)


FRA:8JN Kanzhun Ltd FRA:8JN
73 GF Score
Price €10.70
GF Value €18.24
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Kanzhun Beneish M-Score?

Kanzhun FRA:8JN -5.31% 73 Beneish M-Score is -3.44 as of Jun. 27, 2026. GuruFocus rates FRA:8JN with a GF Score™ of 73/100 and a GF Value™ of €18.24 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 532 Interactive Media companies, Kanzhun ranks better than 79.7% 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 -3.44 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

FRA:8JN' s Beneish M-Score Range Over the Past 10 Years
Min: -3.56   Med: -1.32   Max: 194.66
Current: -3.44

During the past 7 years, the highest Beneish M-Score of Kanzhun was 194.66. The lowest was -3.56. And the median was -1.32.


Kanzhun Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Kanzhun'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.

Kanzhun Beneish M-Score Chart

Kanzhun Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial -0.79 -1.84 38.27 -3.19 -2.61

Kanzhun 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 12.45 3.72 -2.52 -2.61 -3.44

FRA:8JN vs BILI, ZG, MTCH: Beneish M-Score Comparison

For the Internet Content & Information subindustry, Kanzhun'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.


Kanzhun Beneish M-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Kanzhun's Beneish M-Score distribution charts can be found below:

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


FRA:8JN
73GF Score
Kanzhun Ltd FRA:8JN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kanzhun 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 Kanzhun 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 * 0.0665+0.528 * 0.9761+0.404 * 0.9381+0.892 * 1.0522+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8381+4.679 * -0.053218-0.327 * 0.8674
=-3.51

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was €6 Mil.
Revenue was 259.646 + 252.025 + 258.737 + 253.859 = €1,024 Mil.
Gross Profit was 222.218 + 214.546 + 221.924 + 216.735 = €875 Mil.
Total Current Assets was €2,634 Mil.
Total Assets was €3,217 Mil.
Property, Plant and Equipment(Net PPE) was €160 Mil.
Depreciation, Depletion and Amortization(DDA) was €0 Mil.
Selling, General, & Admin. Expense(SGA) was €348 Mil.
Total Current Liabilities was €609 Mil.
Long-Term Debt & Capital Lease Obligation was €7 Mil.
Net Income was 145.172 + 84.17 + 96.477 + 86.502 = €412 Mil.
Non Operating Income was 2.53 + -0.156 + 3.893 + 0.009 = €6 Mil.
Cash Flow from Operations was 149.365 + 160.485 + 140.391 + 127.012 = €577 Mil.
Total Receivables was €86 Mil.
Revenue was 245.407 + 239.2 + 243.404 + 245.448 = €973 Mil.
Gross Profit was 205.749 + 198.05 + 203.419 + 204.915 = €812 Mil.
Total Current Assets was €2,001 Mil.
Total Assets was €2,601 Mil.
Property, Plant and Equipment(Net PPE) was €236 Mil.
Depreciation, Depletion and Amortization(DDA) was €0 Mil.
Selling, General, & Admin. Expense(SGA) was €395 Mil.
Total Current Liabilities was €562 Mil.
Long-Term Debt & Capital Lease Obligation was €12 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)
=(6.003 / 1024.267) / (85.76 / 973.459)
=0.005861 / 0.088098
=0.0665

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)
=(812.133 / 973.459) / (875.423 / 1024.267)
=0.834276 / 0.854682
=0.9761

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 - (2634.093 + 160.2) / 3217.135) / (1 - (2000.873 + 236.095) / 2601.462)
=0.131434 / 0.140111
=0.9381

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
=1024.267 / 973.459
=1.0522

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 + 236.095)) / (0 / (0 + 160.2))
=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)
=(348.253 / 1024.267) / (394.897 / 973.459)
=0.340002 / 0.405664
=0.8381

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)
=((6.912 + 608.549) / 3217.135) / ((11.517 + 562.268) / 2601.462)
=0.191307 / 0.220563
=0.8674

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
=(412.321 - 6.276 - 577.253) / 3217.135
=-0.053218

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.

Kanzhun has a M-score of -3.51 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 -3.44 mean?
Kanzhun (FRA:8JN) has a Beneish M-Score of -3.44 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kanzhun and its competitors. According to the industry distribution chart, Kanzhun ranks #108 out of 532 companies in the Interactive Media industry, placing it in the top 20.3%.
Is Kanzhun's Beneish M-Score too high?
Kanzhun's current Beneish M-Score is -3.44. Based on the distribution chart, Kanzhun ranks #108 out of 532 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Kanzhun has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kanzhun's Beneish M-Score compare to BILI and ZG?
According to the Interactive Media industry distribution chart, Kanzhun ranks #108 out of 532 companies for Beneish M-Score. This places Kanzhun in the top 20% 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 an Interactive Media company?
A good Beneish M-Score depends on the Interactive Media 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 Kanzhun and its competitors. Kanzhun's current Beneish M-Score is -3.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kanzhun stock overvalued right now?
Based on GuruFocus' analysis, Kanzhun (FRA:8JN) is currently considered Significantly Undervalued. The stock's GF Value™ is €18.24, compared to a current price of €10.70 — trading 41.3% below its estimated fair value. The current Beneish M-Score is -3.44. Kanzhun's overall GF Score™ is 73/100 with 3 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 Kanzhun (FRA:8JN), the current Beneish M-Score is -3.44 as of Jun. 27, 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 Kanzhun (FRA:8JN) Overvalued in 2026?

Based on GuruFocus' analysis, Kanzhun stock appears to be undervalued. The current stock price of €10.70 is trading 41.3% below its estimated GF Value™ of €18.24. GuruFocus considers Kanzhun to be Significantly Undervalued.

Key valuation signals for FRA:8JN:

  • Beneish M-Score: -3.44
  • GF Value™: €18.24 vs. price of €10.70 (41.3% below fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the FRA:8JN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kanzhun Business Description

Address Taiyanggong Middle Road, 21st Floor, GrandyVic Building, Chaoyang District, Beijing, CHN, 100020
Kanzhun's Boss Zhipin job platform connects job seekers and employers. Boss Zhipin is China's largest online recruitment platform based on monthly active users, or MAU, and was established in 2014. Kanzhun earns revenue by providing services to enterprise customers primarily through its mobile app, which promotes engagement between recruiters and workers and operates on a recommendation basis powered by artificial intelligence. The platform specializes in transportation, logistics, construction, and service-based industries. About 85% of the companies looking to hire are small and medium-size enterprises. Its main competitors are 58.com, 51job, and Zhilian Zhaopin. Tencent has a 9.2% stake in Kanzhun.
73GF Score

Get the complete analysis for FRA:8JN

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

€10.70
Price
€18.24
GF Value