JS Global Lifestyle Co (HKSE:01691) Beneish M-Score: -2.99 (As of Aug. 29, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:01691 JS Global Lifestyle Co Ltd HKSE:01691
78 GF Score
Price HK$1.43
GF Value HK$1.80
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is JS Global Lifestyle Co Beneish M-Score?

JS Global Lifestyle Co HKSE:01691 +1.06% 78 Beneish M-Score is -2.99 as of Aug. 29, 2026. GuruFocus rates HKSE:01691 with a GF Score™ of 78/100 and a GF Value™ of HK$1.80 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 421 Furnishings, Fixtures & Appliances companies, JS Global Lifestyle Co ranks better than 85.04% 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 -2.99 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

HKSE:01691' s Beneish M-Score Range Over the Past 10 Years
Min: -3.9   Med: -2.67   Max: -0.77
Current: -2.99

During the past 10 years, the highest Beneish M-Score of JS Global Lifestyle Co was -0.77. The lowest was -3.90. And the median was -2.67.

JS Global Lifestyle Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for JS Global Lifestyle Co'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.

JS Global Lifestyle Co Beneish M-Score Chart

JS Global Lifestyle Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.23 -0.77 -3.90 -2.49 -2.99

JS Global Lifestyle Co Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 0.00 -2.49 0.00 -2.99 0.00

HKSE:01691 vs SN, SGI, MHK: Beneish M-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, JS Global Lifestyle Co'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.

JS Global Lifestyle Co Beneish M-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, JS Global Lifestyle Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where JS Global Lifestyle Co's Beneish M-Score falls into.


HKSE:01691
78GF Score
JS Global Lifestyle Co Ltd HKSE:01691
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JS Global Lifestyle Co 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 JS Global Lifestyle Co 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 * 1.0568+0.528 * 0.9952+0.404 * 0.6535+0.892 * 1.0424+0.115 * 0.7782
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0028+4.679 * -0.086234-0.327 * 1.0881
=-2.99

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was HK$3,483 Mil.
Revenue was HK$12,913 Mil.
Gross Profit was HK$4,154 Mil.
Total Current Assets was HK$10,480 Mil.
Total Assets was HK$12,731 Mil.
Property, Plant and Equipment(Net PPE) was HK$818 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$187 Mil.
Selling, General, & Admin. Expense(SGA) was HK$2,749 Mil.
Total Current Liabilities was HK$7,092 Mil.
Long-Term Debt & Capital Lease Obligation was HK$309 Mil.
Net Income was HK$-188 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$910 Mil.
 Total Receivables was HK$3,161 Mil.
Revenue was HK$12,388 Mil.
Gross Profit was HK$3,966 Mil.
Total Current Assets was HK$8,764 Mil.
Total Assets was HK$11,635 Mil.
Property, Plant and Equipment(Net PPE) was HK$866 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$147 Mil.
Selling, General, & Admin. Expense(SGA) was HK$2,630 Mil.
Total Current Liabilities was HK$6,003 Mil.
Long-Term Debt & Capital Lease Obligation was HK$213 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)
=(3482.53 / 12912.728) / (3161.465 / 12387.574)
=0.269697 / 0.255213
=1.0568

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)
=(3965.895 / 12387.574) / (4153.85 / 12912.728)
=0.320151 / 0.321686
=0.9952

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 - (10479.617 + 818.011) / 12731.178) / (1 - (8764.174 + 866.369) / 11635.303)
=0.112602 / 0.1723
=0.6535

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
=12912.728 / 12387.574
=1.0424

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))
=(146.987 / (146.987 + 866.369)) / (187.401 / (187.401 + 818.011))
=0.14505 / 0.186392
=0.7782

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)
=(2748.957 / 12912.728) / (2629.741 / 12387.574)
=0.212887 / 0.212289
=1.0028

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)
=((309.31 + 7091.686) / 12731.178) / ((213.271 + 6003.125) / 11635.303)
=0.581328 / 0.53427
=1.0881

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
=(-187.906 - 0 - 909.949) / 12731.178
=-0.086234

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.

JS Global Lifestyle Co has a M-score of -2.99 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 -2.99 mean?
JS Global Lifestyle Co (HKSE:01691) has a Beneish M-Score of -2.99 as of Aug. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on JS Global Lifestyle Co and its competitors. According to the industry distribution chart, JS Global Lifestyle Co ranks #63 out of 421 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 15%.
Is JS Global Lifestyle Co's Beneish M-Score too high?
JS Global Lifestyle Co's current Beneish M-Score is -2.99. Based on the distribution chart, JS Global Lifestyle Co ranks #63 out of 421 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, JS Global Lifestyle Co has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JS Global Lifestyle Co's Beneish M-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, JS Global Lifestyle Co ranks #63 out of 421 companies for Beneish M-Score. This places JS Global Lifestyle Co in the top 15% 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 Furnishings, Fixtures & Appliances company?
A good Beneish M-Score depends on the Furnishings, Fixtures & Appliances 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 JS Global Lifestyle Co and its competitors. JS Global Lifestyle Co's current Beneish M-Score is -2.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JS Global Lifestyle Co stock overvalued right now?
Based on GuruFocus' analysis, JS Global Lifestyle Co (HKSE:01691) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$1.80, compared to a current price of HK$1.43 — trading 20.6% below its estimated fair value. The current Beneish M-Score is -2.99. JS Global Lifestyle Co's overall GF Score™ is 78/100 with 7 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 JS Global Lifestyle Co (HKSE:01691), the current Beneish M-Score is -2.99 as of Aug. 29, 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 JS Global Lifestyle Co (HKSE:01691) Overvalued in 2026?

Based on GuruFocus' analysis, JS Global Lifestyle Co stock appears to be undervalued. The current stock price of HK$1.43 is trading 20.6% below its estimated GF Value™ of HK$1.80. GuruFocus considers JS Global Lifestyle Co to be Modestly Undervalued.

Key valuation signals for HKSE:01691:

  • Beneish M-Score: -2.99
  • GF Value™: HK$1.80 vs. price of HK$1.43 (20.6% below fair value)
  • GF Score™: 78/100 with 7 warning signs

No single metric tells the full story. See the HKSE:01691 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

JS Global Lifestyle Co Business Description

Other Exchanges JGLCF:USA
Address 10 Harcourt Road, Unit 1, 39th Floor, East Tower, Cheung Kong Centre II, Hong Kong, HKG
JS Global Lifestyle Co Ltd is an investment holding company. Its operating segment includes Joyoung and SharkNinja APAC. Its Joyoung segment is involved in the design, manufacture, marketing, export, and distribution of small kitchen electrical appliances. Its SharkNinja APAC segment, which operates in the Asia Pacific Region, is involved in the design, marketing, manufacture, export, import, and distribution of a full range of floor care products, hard-surface steam cleaning products, small kitchen appliances products, personal care appliances, and home environment appliances under the brands of Shark and Ninja. The company generates maximum revenue from the Joyoung segment.
78GF Score

Get the complete analysis for HKSE:01691

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

HK$1.43
Price
HK$1.80
GF Value