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 -2.77 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for JOST Werke SE's Beneish M-Score or its related term are showing as below:
HAM:JST'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.46 Med: -2.59 Max: -2.18
Current: -2.77
During the past 12 years, the highest Beneish M-Score of JOST Werke SE was -2.18. The lowest was -3.46. And the median was -2.59.
JOST Werke SE Beneish M-Score Related Terms
JOST Werke SE Beneish M-Score Historical Data
* Premium members only.
The historical data trend for JOST Werke SE'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.
For the Auto Parts subindustry, JOST Werke SE'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.
JOST Werke SE Beneish M-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, JOST Werke SE's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where JOST Werke SE's Beneish M-Score falls into.
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 JOST Werke SE 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 * 0.7603
+
0.528 * 0.9805
+
0.404 * 0.9496
+
0.892 * 1.3783
+
0.115 * 0.7796
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.793
+
4.679 * -0.084709
-
0.327 * 0.9706
=
-2.77
* 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))
=
(63.922 / (63.922 + 237.757))
/
(89.157 / (89.157 + 238.885))
=
0.211887
/
0.271785
=
0.7796
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
=
(-11.312 - 0
-
126.712)
/
1629.381
=
-0.084709
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.
JOST Werke SE has a M-score of -2.77 suggests that the company is unlikely to be a manipulator.
JOST Werke SE (HAM:JST) has a Beneish M-Score of -2.77 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on JOST Werke SE and its competitors. According to the industry distribution chart, JOST Werke SE ranks #353 out of 1273 companies in the Vehicles & Parts industry, placing it in the top 27.7%.
Is JOST Werke SE's Beneish M-Score too high?
JOST Werke SE's current Beneish M-Score is -2.77. Based on the distribution chart, JOST Werke SE ranks #353 out of 1273 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, JOST Werke SE has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does JOST Werke SE's Beneish M-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, JOST Werke SE ranks #353 out of 1273 companies for Beneish M-Score. This puts JOST Werke SE in the upper 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 JOST Werke SE and its competitors. JOST Werke SE's current Beneish M-Score is -2.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JOST Werke SE stock overvalued right now?
Based on GuruFocus' analysis, JOST Werke SE (HAM:JST) is currently considered Fairly Valued. The stock's GF Value™ is €59.53, compared to a current price of €54.80 — trading 7.9% below its estimated fair value. The current Beneish M-Score is -2.77. JOST Werke SE's overall GF Score™ is 80/100 with 4 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 JOST Werke SE (HAM:JST), the current Beneish M-Score is -2.77 as of Jun. 24, 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 JOST Werke SE (HAM:JST) Overvalued in 2026?
Based on GuruFocus' analysis, JOST Werke SE stock appears to be undervalued.
The current stock price of €54.80 is trading 7.9% below its estimated GF Value™ of €59.53.
GuruFocus considers JOST Werke SE to be Fairly Valued.
Key valuation signals for HAM:JST:
Beneish M-Score: -2.77
GF Value™: €59.53 vs. price of €54.80 (7.9% below fair value)
No single metric tells the full story. See the HAM:JST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JOST Werke SE designs and engineers its products and systems, and outsources high CapEx steps in the value chain, such as forging, casting and the pre-production of standard materials and parts to suppliers, and follows a local-for-local approach to source, produce and sell locally. It sells its products and systems to commercial vehicle manufacturers (OEMs) and body-builders of trucks, trailers, agricultural tractors and construction and mining equipment, and also sells spare parts and components to dealers and wholesalers who service the aftermarket. The product portfolio includes parts for trucks and trailers, hydraulic components and agricultural tractors. Its segments are EMEA, AMERICAS and APAC, with EMEA generating the majority of revenue.
80GF Score
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