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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.
Good Sign:
Beneish M-Score -2.63 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for JH Educational Technology's Beneish M-Score or its related term are showing as below:
HKSE:01935'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.99 Med: -2.57 Max: 0.15
Current: -2.63
During the past 10 years, the highest Beneish M-Score of JH Educational Technology was 0.15. The lowest was -3.99. And the median was -2.57.
* 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.
HKSE:01935 vs EDU, TAL, LAUR: Beneish M-Score Comparison
For the Education & Training Services subindustry, JH Educational Technology'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.
JH Educational Technology Beneish M-Score vs Education Industry
For the Education industry and Consumer Defensive sector, JH Educational Technology's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where JH Educational Technology'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 JH Educational Technology 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 * 0.8766
+
0.528 * 1.2564
+
0.404 * 1.6813
+
0.892 * 1.0049
+
0.115 * 1.2695
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1429
+
4.679 * -0.05101
-
0.327 * 1.6687
=
-2.63
* 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))
=
(82.327 / (82.327 + 2245.887))
/
(101.763 / (101.763 + 3551.572))
=
0.035361
/
0.027855
=
1.2695
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
=
(249.282 - 0
-
583.149)
/
6545.081
=
-0.05101
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.
JH Educational Technology has a M-score of -2.63 suggests that the company is unlikely to be a manipulator.
JH Educational Technology (HKSE:01935) has a Beneish M-Score of -2.63 as of Aug. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on JH Educational Technology and its competitors. According to the industry distribution chart, JH Educational Technology ranks #113 out of 241 companies in the Education industry, placing it in the top 46.9%.
Is JH Educational Technology's Beneish M-Score too high?
JH Educational Technology's current Beneish M-Score is -2.63. Based on the distribution chart, JH Educational Technology ranks #113 out of 241 companies in the Education industry, which is above the industry midpoint. Overall, JH Educational Technology has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JH Educational Technology's Beneish M-Score compare to EDU and TAL?
According to the Education industry distribution chart, JH Educational Technology ranks #113 out of 241 companies for Beneish M-Score. This puts JH Educational Technology 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 an Education company?
A good Beneish M-Score depends on the Education 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 JH Educational Technology and its competitors. JH Educational Technology's current Beneish M-Score is -2.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JH Educational Technology stock overvalued right now?
Based on GuruFocus' analysis, JH Educational Technology (HKSE:01935) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.87, compared to a current price of HK$0.75 — trading 13.8% below its estimated fair value. The current Beneish M-Score is -2.63. JH Educational Technology's overall GF Score™ is 60/100 with 8 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 JH Educational Technology (HKSE:01935), the current Beneish M-Score is -2.63 as of Aug. 20, 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 JH Educational Technology (HKSE:01935) Overvalued in 2026?
Based on GuruFocus' analysis, JH Educational Technology stock appears to be undervalued.
The current stock price of HK$0.75 is trading 13.8% below its estimated GF Value™ of HK$0.87.
GuruFocus considers JH Educational Technology to be Modestly Undervalued.
Key valuation signals for HKSE:01935:
Beneish M-Score: -2.63
GF Value™: HK$0.87 vs. price of HK$0.75 (13.8% below fair value)
No single metric tells the full story. See the HKSE:01935 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JH Educational Technology Inc is engaged in the provision of higher and secondary education services and related management services in the People's Republic of China (the PRC). In addition to offering higher education, it also provides education to high school students in Zhejiang province. It controls and operates three schools, namely Zhengzhou College of Economics and Business, Zhejiang Changzheng Vocational & Technical College, and Yueqing Jingyi Secondary School. Geographically the company generates all of its revenue from PRC.
60GF Score
Get the complete analysis for HKSE:01935
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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