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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.
Warning Sign:
Beneish M-Score 244.56 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Jufeel International Holdings's Beneish M-Score or its related term are showing as below:
FRA:9HD'
s Beneish M-Score Range Over the Past 10 Years
Min: -7.14 Med: -3.56 Max: 244.56
Current: 244.56
During the past 10 years, the highest Beneish M-Score of Jufeel International Holdings was 244.56. The lowest was -7.14. And the median was -3.56.
* 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.
Jufeel International Holdings Beneish M-Score Chart
FRA:9HD vs IBM, ACN, CTSH: Beneish M-Score Comparison
For the Information Technology Services subindustry, Jufeel International 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.
Jufeel International Holdings Beneish M-Score vs Software Industry
For the Software industry and Technology sector, Jufeel International Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Jufeel International Holdings's Beneish M-Score falls into.
Jufeel International 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 Jufeel International Holdings 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 * 0.8667
+
0.528 * 1.4254
+
0.404 * 518.2332
+
0.892 * 1.3878
+
0.115 * 1.164
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.6717
+
4.679 * -0.029495
-
0.327 * 1.1762
=
206.81
* 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.
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.
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))
=
(0.147 / (0.147 + 0.379))
/
(0.109 / (0.109 + 0.345))
=
0.279468
/
0.240088
=
1.164
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
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
=
(-0.471 - 0
-
-0.189)
/
9.561
=
-0.029495
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.
Jufeel International Holdings has a M-score of 206.81 signals that the company is likely to be a manipulator.
Jufeel International Holdings (FRA:9HD) has a Beneish M-Score of 244.56 as of Sep. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jufeel International Holdings and its competitors. According to the industry distribution chart, Jufeel International Holdings ranks #2644 out of 2647 companies in the Software industry, placing it in the top 99.9%.
Is Jufeel International Holdings' Beneish M-Score too high?
Jufeel International Holdings' current Beneish M-Score is 244.56. Based on the distribution chart, Jufeel International Holdings ranks #2644 out of 2647 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Jufeel International Holdings has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Jufeel International Holdings' Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, Jufeel International Holdings ranks #2644 out of 2647 companies for Beneish M-Score. This places Jufeel International Holdings 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 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 Jufeel International Holdings and its competitors. Jufeel International Holdings's current Beneish M-Score is 244.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jufeel International Holdings stock overvalued right now?
Jufeel International Holdings (FRA:9HD) has a current Beneish M-Score of 244.56. The stock's GF Value™ is €0.03, compared to a current price of €0.08 — trading 166% above its estimated fair value. The current Beneish M-Score is 244.56. Jufeel International Holdings' overall GF Score™ is 50/100 with 6 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 Jufeel International Holdings (FRA:9HD), the current Beneish M-Score is 244.56 as of Sep. 11, 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 Jufeel International Holdings (FRA:9HD) Overvalued in 2026?
Based on GuruFocus' analysis, Jufeel International Holdings stock appears to be overvalued.
The current stock price of €0.08 is trading 166% above its estimated GF Value™ of €0.03.
Key valuation signals for FRA:9HD:
Beneish M-Score: 244.56
GF Value™: €0.03 vs. price of €0.08 (166% above fair value)
No single metric tells the full story. See the FRA:9HD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mindtell Technology Ltd is an information technology service provider based in Malaysia and principally engaged in the design, procurement, installation, and maintenance of customised system applications for corporate customers. The company's services mainly include system integration and development services, IT outsourcing services, and Maintenance and Consultancy services. The Group's reportable and operating segments are: System integration and development services; IT outsourcing services; and maintenance and consultancy services. It derives maximum revenue from the system integration and development services segment. The company geographically operates in Indonesia and Malaysia.
50GF Score
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