Joh Friedrich Behrens AG (HAM:JFB) Beneish M-Score: 0.00 (As of Jul. 08, 2026)

What is Joh Friedrich Behrens AG Beneish M-Score?

Joh Friedrich Behrens AG HAM:JFB 10 Beneish M-Score is 0.00 as of Jul. 08, 2026. GuruFocus rates HAM:JFB with a GF Score™ of 10/100.

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 Joh Friedrich Behrens AG's Beneish M-Score or its related term are showing as below:

During the past 11 years, the highest Beneish M-Score of Joh Friedrich Behrens AG was 0.00. The lowest was 0.00. And the median was 0.00.

Joh Friedrich Behrens AG Beneish M-Score Related Terms

Joh Friedrich Behrens AG Beneish M-Score Historical Data

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The historical data trend for Joh Friedrich Behrens AG'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.

Joh Friedrich Behrens AG Beneish M-Score Chart

Joh Friedrich Behrens AG Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Beneish M-Score

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0.00

-1.92

-2.39

-2.47

-2.76

Joh Friedrich Behrens AG Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
Beneish M-Score	Get a 7-Day Free Trial															0.00	-2.47	0.00	-2.76	0.00

HAM:JFB vs SWK, TTC, SNA: Beneish M-Score Comparison

For the Tools & Accessories subindustry, Joh Friedrich Behrens AG'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.

Joh Friedrich Behrens AG Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Joh Friedrich Behrens AG's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Joh Friedrich Behrens AG's Beneish M-Score falls into.

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Joh Friedrich Behrens AG HAM:JFB

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Joh Friedrich Behrens AG 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 Joh Friedrich Behrens AG 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 * 0.9777

0.528 * 0.9831

0.404 * 1.0202

0.892 * 0.985

0.115 * 0.8909

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.1071

4.679 * -0.034353

0.327 * 1.151

-2.76

This Year (Dec19) TTM:

Last Year (Dec18) TTM:

Total Receivables was €17.6 Mil.
Revenue was €118.8 Mil.
Gross Profit was €49.4 Mil.
Total Current Assets was €58.5 Mil.
Total Assets was €107.5 Mil.
Property, Plant and Equipment(Net PPE) was €30.8 Mil.
Depreciation, Depletion and Amortization(DDA) was €4.3 Mil.
Selling, General, & Admin. Expense(SGA) was €5.2 Mil.
Total Current Liabilities was €48.1 Mil.
Long-Term Debt & Capital Lease Obligation was €34.1 Mil.
Net Income was €-1.4 Mil.
Gross Profit was €0.0 Mil.
Cash Flow from Operations was €2.3 Mil.

Total Receivables was €18.3 Mil.
Revenue was €120.6 Mil.
Gross Profit was €49.3 Mil.
Total Current Assets was €54.0 Mil.
Total Assets was €98.3 Mil.
Property, Plant and Equipment(Net PPE) was €28.0 Mil.
Depreciation, Depletion and Amortization(DDA) was €3.4 Mil.
Selling, General, & Admin. Expense(SGA) was €4.8 Mil.
Total Current Liabilities was €31.0 Mil.
Long-Term Debt & Capital Lease Obligation was €34.3 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)
	=	(17.612 / 118.801)	/	(18.288 / 120.611)
	=	0.148248	/	0.151628
	=	0.9777

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)
	=	(49.257 / 120.611)	/	(49.352 / 118.801)
	=	0.408396	/	0.415417
	=	0.9831

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 - (58.507 + 30.797) / 107.472)	/	(1 - (54.013 + 27.975) / 98.272)
	=	0.169049	/	0.165703
	=	1.0202

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
	=	118.801	/	120.611
	=	0.985

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))
	=	(3.426 / (3.426 + 27.975))	/	(4.298 / (4.298 + 30.797))
	=	0.109105	/	0.122468
	=	0.8909

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)
	=	(5.243 / 118.801)	/	(4.808 / 120.611)
	=	0.044133	/	0.039864
	=	1.1071

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)
	=	((34.098 + 48.051) / 107.472)	/	((34.286 + 30.979) / 98.272)
	=	0.764376	/	0.664126
	=	1.151

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
	=	(-1.435 - 0	-	2.257)	/	107.472
	=	-0.034353

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.

Joh Friedrich Behrens AG has a M-score of -2.76 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?

Joh Friedrich Behrens AG (HAM:JFB) has a Beneish M-Score of 0.00 as of Jul. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Joh Friedrich Behrens AG and its competitors.

Is Joh Friedrich Behrens AG's Beneish M-Score too high?

Joh Friedrich Behrens AG's current Beneish M-Score is 0.00. Overall, Joh Friedrich Behrens AG has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.

How does Joh Friedrich Behrens AG's Beneish M-Score compare to SWK and TTC?

Joh Friedrich Behrens AG's Beneish M-Score of 0.00 can be compared against companies in the Industrial Products 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 Industrial Products company?

A good Beneish M-Score depends on the Industrial Products 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 Joh Friedrich Behrens AG and its competitors. Joh Friedrich Behrens AG'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 Joh Friedrich Behrens AG stock overvalued right now?

Joh Friedrich Behrens AG (HAM:JFB) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Joh Friedrich Behrens AG's overall GF Score™ is 10/100. 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 Joh Friedrich Behrens AG (HAM:JFB), the current Beneish M-Score is 0.00 as of Jul. 08, 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.

Joh Friedrich Behrens AG Business Description

Industry Industrials Industrial Products

Comparable Companies SWK HKSE:00669 TSE:3064 TSE:6586 OSTO:SKF B TTC TSE:9962 SNA LECO OSTO:HUSQ A XTER:GIL SZSE:002791 ROLL XSWX:SFSN TKR TPE:2049 KMT SZSE:002444 TSE:6141 TSE:6136

Address Bogenstrasse 43-45, Ahrensburg, DEU, 22926

Website http://www.behrens.ag

Joh Friedrich Behrens AG produces and sells fastening and fixing systems for the wood processing industry. It is engaged in the distribution of compressors, strapping products, frame fasteners, driving tools, and adhesive products.

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