John Bnfilippo & Son (FRA:JO1) Beneish M-Score: -2.88 (As of Jun. 26, 2026)


FRA:JO1 John B Sanfilippo & Son Inc FRA:JO1
64 GF Score
Price €72.50
GF Value €80.23
Valuation Modestly Undervalued
! 9 Warning Signs
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What is John Bnfilippo & Son Beneish M-Score?

John Bnfilippo & Son FRA:JO1 +3.57% 64 Beneish M-Score is -2.88 as of Jun. 26, 2026. GuruFocus rates FRA:JO1 with a GF Score™ of 64/100 and a GF Value™ of €80.23 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, John Bnfilippo & Son ranks better than 77.5% 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 -2.88 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

FRA:JO1' s Beneish M-Score Range Over the Past 10 Years
Min: -3.13   Med: -2.79   Max: -2.1
Current: -2.88

During the past 13 years, the highest Beneish M-Score of John Bnfilippo & Son was -2.10. The lowest was -3.13. And the median was -2.79.


John Bnfilippo & Son Beneish M-Score Historical Data

* Premium members only.

The historical data trend for John Bnfilippo & Son'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.

John Bnfilippo & Son Beneish M-Score Chart

John Bnfilippo & Son Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.85 -2.10 -3.04 -2.86 -2.23

John Bnfilippo & Son 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 -2.24 -2.23 -2.41 -2.87 -2.88

FRA:JO1 vs WEST, BRBR, SENEA: Beneish M-Score Comparison

For the Packaged Foods subindustry, John Bnfilippo & Son'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.


John Bnfilippo & Son Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, John Bnfilippo & Son's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where John Bnfilippo & Son's Beneish M-Score falls into.


FRA:JO1
64GF Score
John B Sanfilippo & Son Inc FRA:JO1
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

John Bnfilippo & Son 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 John Bnfilippo & Son 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 * 1.0991+0.528 * 0.9969+0.404 * 0.6728+0.892 * 0.9729+0.115 * 1.2317
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9057+4.679 * -0.095381-0.327 * 0.9541
=-2.94

* 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 €74 Mil.
Revenue was 243.739 + 268.82 + 254.478 + 233.289 = €1,000 Mil.
Gross Profit was 46.512 + 50.53 + 46.088 + 42.295 = €185 Mil.
Total Current Assets was €305 Mil.
Total Assets was €563 Mil.
Property, Plant and Equipment(Net PPE) was €226 Mil.
Depreciation, Depletion and Amortization(DDA) was €29 Mil.
Selling, General, & Admin. Expense(SGA) was €104 Mil.
Total Current Liabilities was €132 Mil.
Long-Term Debt & Capital Lease Obligation was €54 Mil.
Net Income was 14.574 + 15.335 + 15.955 + 11.728 = €58 Mil.
Non Operating Income was -0.336 + -0.332 + -0.331 + -0.313 = €-1 Mil.
Cash Flow from Operations was 0.17 + 53.367 + 27.378 + 31.672 = €113 Mil.
Total Receivables was €69 Mil.
Revenue was 241.339 + 287.519 + 248.853 + 250.432 = €1,028 Mil.
Gross Profit was 51.701 + 49.9 + 41.936 + 46.451 = €190 Mil.
Total Current Assets was €323 Mil.
Total Assets was €546 Mil.
Property, Plant and Equipment(Net PPE) was €176 Mil.
Depreciation, Depletion and Amortization(DDA) was €28 Mil.
Selling, General, & Admin. Expense(SGA) was €118 Mil.
Total Current Liabilities was €161 Mil.
Long-Term Debt & Capital Lease Obligation was €29 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)
=(73.732 / 1000.326) / (68.948 / 1028.143)
=0.073708 / 0.067061
=1.0991

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)
=(189.988 / 1028.143) / (185.425 / 1000.326)
=0.184788 / 0.185365
=0.9969

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 - (304.6 + 225.624) / 562.829) / (1 - (323.006 + 175.733) / 545.728)
=0.057931 / 0.086103
=0.6728

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
=1000.326 / 1028.143
=0.9729

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))
=(28.222 / (28.222 + 175.733)) / (28.555 / (28.555 + 225.624))
=0.138374 / 0.112342
=1.2317

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)
=(104.062 / 1000.326) / (118.096 / 1028.143)
=0.104028 / 0.114863
=0.9057

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)
=((54.153 + 132.493) / 562.829) / ((28.739 + 160.942) / 545.728)
=0.331621 / 0.347574
=0.9541

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
=(57.592 - -1.312 - 112.587) / 562.829
=-0.095381

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.

John Bnfilippo & Son has a M-score of -2.94 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 -2.88 mean?
John Bnfilippo & Son (FRA:JO1) has a Beneish M-Score of -2.88 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on John Bnfilippo & Son and its competitors. According to the industry distribution chart, John Bnfilippo & Son ranks #416 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 22.5%.
Is John Bnfilippo & Son's Beneish M-Score too high?
John Bnfilippo & Son's current Beneish M-Score is -2.88. Based on the distribution chart, John Bnfilippo & Son ranks #416 out of 1849 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, John Bnfilippo & Son has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does John Bnfilippo & Son's Beneish M-Score compare to WEST and BRBR?
According to the Consumer Packaged Goods industry distribution chart, John Bnfilippo & Son ranks #416 out of 1849 companies for Beneish M-Score. This places John Bnfilippo & Son in the top 23% 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 a Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 John Bnfilippo & Son and its competitors. John Bnfilippo & Son's current Beneish M-Score is -2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is John Bnfilippo & Son stock overvalued right now?
Based on GuruFocus' analysis, John Bnfilippo & Son (FRA:JO1) is currently considered Modestly Undervalued. The stock's GF Value™ is €80.23, compared to a current price of €72.50 — trading 9.6% below its estimated fair value. The current Beneish M-Score is -2.88. John Bnfilippo & Son's overall GF Score™ is 64/100 with 9 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 John Bnfilippo & Son (FRA:JO1), the current Beneish M-Score is -2.88 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 John Bnfilippo & Son (FRA:JO1) Overvalued in 2026?

Based on GuruFocus' analysis, John Bnfilippo & Son stock appears to be undervalued. The current stock price of €72.50 is trading 9.6% below its estimated GF Value™ of €80.23. GuruFocus considers John Bnfilippo & Son to be Modestly Undervalued.

Key valuation signals for FRA:JO1:

  • Beneish M-Score: -2.88
  • GF Value™: €80.23 vs. price of €72.50 (9.6% below fair value)
  • GF Score™: 64/100 with 9 warning signs

No single metric tells the full story. See the FRA:JO1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


John Bnfilippo & Son Business Description

Other Exchanges JBSS:USA
Address 1703 North Randall Road, Elgin, IL, USA, 60123
John B Sanfilippo & Son Inc is one of the processors and distributors of peanuts, pecans, cashews, walnuts, almonds, and other nuts in the United States. These nuts are sold under a variety of private brands and the Fisher, Orchard Valley Harvest, and Sunshine Country brand names. It also markets and distributes, and in the majority of cases, manufactures or processes, a diverse product line of food and snack products, including peanut butter, almond butter, cashew butter, candy and confections, snacks and trail mixes, snack bites, sunflower kernels, dried fruit, corn snacks, sesame sticks and other sesame snack products under private brands and brand names.
64GF Score

Get the complete analysis for FRA:JO1

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

€72.50
Price
€80.23
GF Value