JBDI (JBDI Holdings) Beneish M-Score: 0.00 (As of Jul. 23, 2026)

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JBDI JBDI Holdings Ltd JBDI
21 GF Score
Price $1.22
! 2 Warning Signs
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What is JBDI Holdings Beneish M-Score?

JBDI Holdings JBDI +0.79% 21 Beneish M-Score is 0.00 as of Jul. 23, 2026. GuruFocus rates JBDI with a GF Score™ of 21/100. The stock has 2 warning signs investors should review. Among 1,085 Retail - Cyclical companies, JBDI Holdings ranks worse than 92165.81% 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 JBDI Holdings's Beneish M-Score or its related term are showing as below:

During the past 5 years, the highest Beneish M-Score of JBDI Holdings was 0.00. The lowest was 0.00. And the median was 0.00.

JBDI Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for JBDI Holdings'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.

JBDI Holdings Beneish M-Score Chart

JBDI Holdings Annual Data
Trend May21 May22 May23 May24 May25
Beneish M-Score
0.00 0.00 0.00 0.00 0.00

JBDI Holdings Semi-Annual Data
May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

JBDI vs CGTL, BWTL, BQ: Beneish M-Score Comparison

For the Specialty Retail subindustry, JBDI Holdings'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.

JBDI Holdings Beneish M-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, JBDI Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where JBDI Holdings's Beneish M-Score falls into.


JBDI
21GF Score
JBDI Holdings Ltd JBDI
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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JBDI Holdings 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 JBDI Holdings 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 (May25) TTM:Last Year (May24) TTM:
Total Receivables was $1.76 Mil.
Revenue was $8.45 Mil.
Gross Profit was $3.36 Mil.
Total Current Assets was $4.75 Mil.
Total Assets was $6.50 Mil.
Property, Plant and Equipment(Net PPE) was $1.74 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.35 Mil.
Selling, General, & Admin. Expense(SGA) was $5.27 Mil.
Total Current Liabilities was $1.49 Mil.
Long-Term Debt & Capital Lease Obligation was $1.04 Mil.
Net Income was $-2.72 Mil.
Gross Profit was $0.05 Mil.
Cash Flow from Operations was $-3.37 Mil.
 Total Receivables was $2.00 Mil.
Revenue was $9.39 Mil.
Gross Profit was $4.28 Mil.
Total Current Assets was $2.48 Mil.
Total Assets was $4.46 Mil.
Property, Plant and Equipment(Net PPE) was $1.98 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.53 Mil.
Selling, General, & Admin. Expense(SGA) was $3.65 Mil.
Total Current Liabilities was $3.01 Mil.
Long-Term Debt & Capital Lease Obligation was $1.06 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)
=(1.756 / 8.445) / (1.997 / 9.394)
=0.207934 / 0.212582
=

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)
=(4.275 / 9.394) / (3.356 / 8.445)
=0.455078 / 0.397395
=

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 - (4.751 + 1.744) / 6.495) / (1 - (2.478 + 1.977) / 4.455)
=0 / 0
=

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
=8.445 / 9.394
=

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))
=(0.525 / (0.525 + 1.977)) / (0.347 / (0.347 + 1.744))
=0.209832 / 0.165949
=

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)
=(5.27 / 8.445) / (3.653 / 9.394)
=0.624038 / 0.388865
=

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)
=((1.041 + 1.494) / 6.495) / ((1.064 + 3.007) / 4.455)
=0.3903 / 0.913805
=

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
=(-2.72 - 0.051 - -3.367) / 6.495
=0.091763

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?
JBDI Holdings (JBDI) has a Beneish M-Score of 0.00 as of Jul. 23, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on JBDI Holdings and its competitors. According to the industry distribution chart, JBDI Holdings ranks #999999 out of 1085 companies in the Retail - Cyclical industry.
Is JBDI Holdings' Beneish M-Score too high?
JBDI Holdings' current Beneish M-Score is 0.00. Based on the distribution chart, JBDI Holdings ranks #999999 out of 1085 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, JBDI Holdings has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does JBDI Holdings' Beneish M-Score compare to CGTL and BWTL?
According to the Retail - Cyclical industry distribution chart, JBDI Holdings ranks #999999 out of 1085 companies for Beneish M-Score. This places JBDI Holdings 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 Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 JBDI Holdings and its competitors. JBDI Holdings'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 JBDI Holdings stock overvalued right now?
JBDI Holdings (JBDI) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. JBDI Holdings' overall GF Score™ is 21/100 with 2 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 JBDI Holdings (JBDI), the current Beneish M-Score is 0.00 as of Jul. 23, 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.

JBDI Holdings Business Description

Address 34 Gul Crescent, Singapore, SGP, 629538
JBDI Holdings Ltd is a supplier of Reconditioned and new Containers in Singapore. It's in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products. It serves solvent, chemical, petroleum, and edible product oil industries.
21GF Score

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

$1.22
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