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.
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.
JBS NVJBS +0.25%84 Beneish M-Score is -2.29 as of Jul. 15, 2026. GuruFocus rates JBS with a GF Score™ of 84/100 and a GF Value™ of $17.98 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, JBS NV ranks worse than 66.74% 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 -2.29 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for JBS NV's Beneish M-Score or its related term are showing as below:
JBS'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.95 Med: -2.64 Max: -2.15
Current: -2.29
During the past 13 years, the highest Beneish M-Score of JBS NV was -2.15. The lowest was -2.95. And the median was -2.64.
JBS NV Beneish M-Score Related Terms
JBS NV Beneish M-Score Historical Data
* Premium members only.
The historical data trend for JBS NV'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 Packaged Foods subindustry, JBS NV'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.
JBS NV Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, JBS NV's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where JBS NV'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 JBS NV 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 * 1.0128
+
0.528 * 1.2074
+
0.404 * 1.035
+
0.892 * 1.145
+
0.115 * 1.0419
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9315
+
4.679 * -0.020326
-
0.327 * 0.9948
=
-2.29
* 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))
=
(2187.645 / (2187.645 + 13720.915))
/
(2390.364 / (2390.364 + 15720.744))
=
0.137514
/
0.131983
=
1.0419
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
=
(1762.489 - -16.366
-
2697.185)
/
45180.299
=
-0.020326
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.
JBS NV has a M-score of -2.29 suggests that the company is unlikely to be a manipulator.
JBS NV (JBS) has a Beneish M-Score of -2.29 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on JBS NV and its competitors. According to the industry distribution chart, JBS NV ranks #1234 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 66.7%.
Is JBS NV's Beneish M-Score too high?
JBS NV's current Beneish M-Score is -2.29. Based on the distribution chart, JBS NV ranks #1234 out of 1849 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, JBS NV has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JBS NV's Beneish M-Score compare to MKC and SJM?
According to the Consumer Packaged Goods industry distribution chart, JBS NV ranks #1234 out of 1849 companies for Beneish M-Score. This places JBS NV 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 JBS NV and its competitors. JBS NV's current Beneish M-Score is -2.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JBS NV stock overvalued right now?
Based on GuruFocus' analysis, JBS NV (JBS) is currently considered Significantly Undervalued. The stock's GF Value™ is $17.98, compared to a current price of $11.83 — trading 34.2% below its estimated fair value. The current Beneish M-Score is -2.29. JBS NV's overall GF Score™ is 84/100 with 6 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 JBS NV (JBS), the current Beneish M-Score is -2.29 as of Jul. 15, 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 JBS NV (JBS) Overvalued in 2026?
Based on GuruFocus' analysis, JBS NV stock appears to be undervalued.
The current stock price of $11.83 is trading 34.2% below its estimated GF Value™ of $17.98.
GuruFocus considers JBS NV to be Significantly Undervalued.
Key valuation signals for JBS:
Beneish M-Score: -2.29
GF Value™: $17.98 vs. price of $11.83 (34.2% below fair value)
No single metric tells the full story. See the JBS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JBS NV is a protein food company, selling protein products, which include fresh and frozen cuts of beef, pork, lamb, fish, whole chickens, and chicken parts, to retailers, and foodservice companies. The food products are marketed under different brands such as Swift, Just Bare, Pilgrim's Pride, Sunnyvalley, Reserva Friboi, Great Southern, etc., globally. The company's reportable segments are Beef North America, which generates maximum revenue, Brazil, Seara, Pork USA, Pilgrim's Pride, Australia, and Others. Geographically, it derives majority of its revenue from United States of America.
84GF Score
Get the complete analysis for JBS
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JBS has been successfully added to your 
