JAYGF (Blue Jay Gold) Beneish M-Score: 0.00 (As of Aug. 22, 2026)

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JAYGF Blue Jay Gold Corp JAYGF
14 GF Score
Price $0.58
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What is Blue Jay Gold Beneish M-Score?

Blue Jay Gold JAYGF -0.02% 14 Beneish M-Score is 0.00 as of Aug. 22, 2026. GuruFocus rates JAYGF with a GF Score™ of 14/100. Among 684 Metals & Mining companies, Blue Jay Gold ranks worse than 146198.68% 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.

The historical rank and industry rank for Blue Jay Gold's Beneish M-Score or its related term are showing as below:

During the past 2 years, the highest Beneish M-Score of Blue Jay Gold was 0.00. The lowest was 0.00. And the median was 0.00.

Blue Jay Gold Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Blue Jay Gold'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.

Blue Jay Gold Beneish M-Score Chart

Blue Jay Gold Annual Data
Trend Sep24 Sep25
Beneish M-Score
0.00 0.00

Blue Jay Gold Quarterly Data
Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.00

JAYGF vs : Beneish M-Score Comparison

For the Gold subindustry, Blue Jay Gold'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.

Blue Jay Gold Beneish M-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Blue Jay Gold's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Blue Jay Gold's Beneish M-Score falls into.


JAYGF
14GF Score
Blue Jay Gold Corp JAYGF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Blue Jay Gold 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 Blue Jay Gold 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was $0.06 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $9.82 Mil.
Total Assets was $17.28 Mil.
Property, Plant and Equipment(Net PPE) was $6.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.03 Mil.
Selling, General, & Admin. Expense(SGA) was $1.66 Mil.
Total Current Liabilities was $1.09 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.819 + -0.706 + -0.005 + -0.253 = $-1.78 Mil.
Non Operating Income was -0.001 + 0 + 0.447 + 0 = $0.45 Mil.
Cash Flow from Operations was -0.799 + -0.257 + -0.444 + -0.082 = $-1.58 Mil.
 Total Receivables was $0.09 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $0.43 Mil.
Total Assets was $2.35 Mil.
Property, Plant and Equipment(Net PPE) was $1.86 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.38 Mil.
Total Current Liabilities was $0.80 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 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)
=(0.056 / 0) / (0.087 / 0)
= /
=

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)
=(0 / 0) / (0 / 0)
= /
=

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 - (9.82 + 5.998) / 17.281) / (1 - (0.431 + 1.864) / 2.347)
=0.084659 / 0.022156
=

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
=0 / 0
=

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))
=(0 / (0 + 1.864)) / (0.032 / (0.032 + 5.998))
=0 / 0.005307
=

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)
=(1.661 / 0) / (0.379 / 0)
= /
=

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)
=((0 + 1.094) / 17.281) / ((0 + 0.802) / 2.347)
=0.063307 / 0.341713
=

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
=(-1.783 - 0.446 - -1.582) / 17.281
=-0.03744

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Blue Jay Gold (JAYGF) has a Beneish M-Score of 0.00 as of Aug. 22, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Blue Jay Gold and its competitors. According to the industry distribution chart, Blue Jay Gold ranks #999999 out of 684 companies in the Metals & Mining industry.
Is Blue Jay Gold's Beneish M-Score too high?
Blue Jay Gold's current Beneish M-Score is 0.00. Based on the distribution chart, Blue Jay Gold ranks #999999 out of 684 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Blue Jay Gold has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Blue Jay Gold's Beneish M-Score compare to ?
According to the Metals & Mining industry distribution chart, Blue Jay Gold ranks #999999 out of 684 companies for Beneish M-Score. This places Blue Jay Gold in the lower 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 Metals & Mining company?
A good Beneish M-Score depends on the Metals & Mining 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 Blue Jay Gold and its competitors. Blue Jay Gold'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 Blue Jay Gold stock overvalued right now?
Blue Jay Gold (JAYGF) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Blue Jay Gold's overall GF Score™ is 14/100. 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 Blue Jay Gold (JAYGF), the current Beneish M-Score is 0.00 as of Aug. 22, 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.

Blue Jay Gold Business Description

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Other Exchanges JAY:GermanyJAY:Canada
Address 800 West Pender Street, Suite 550, Vancouver, BC, CAN, V6C2V6
Blue Jay Gold Corp is a Canadian gold exploration company focused on the acquisition and exploration of mineral properties in Canada. The company's principal asset is the Steller Property, a past-producing gold-silver system located in the south of Whitehorse, Yukon. The company also holds the Pichette, Oakes, and Duc exploration projects in Northwestern Ontario, located within the Beardmore-Geraldton and Wawa Greenstone Belts.
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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