JCAP (Jefferson Capital) Beneish M-Score: -2.61 (As of Jun. 26, 2026)


JCAP Jefferson Capital Inc JCAP
17 GF Score
Price $18.58
! 2 Warning Signs
View Full Analysis

What is Jefferson Capital Beneish M-Score?

Jefferson Capital JCAP +1.98% 17 Beneish M-Score is -2.61 as of Jun. 26, 2026. GuruFocus rates JCAP with a GF Score™ of 17/100. The stock has 2 warning signs investors should review. Among 483 Credit Services companies, Jefferson Capital ranks better than 74.33% 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 -2.61 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

JCAP' s Beneish M-Score Range Over the Past 10 Years
Min: -2.61   Med: -2.56   Max: -2.51
Current: -2.61

During the past 3 years, the highest Beneish M-Score of Jefferson Capital was -2.51. The lowest was -2.61. And the median was -2.56.

Jefferson Capital Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Jefferson Capital'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.

Jefferson Capital Beneish M-Score Chart

Jefferson Capital Annual Data
Trend Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.51

Jefferson Capital Quarterly Data
Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 -2.51 -2.61

JCAP vs NAVI, WRLD, GDOT: Beneish M-Score Comparison

For the Credit Services subindustry, Jefferson Capital'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.

Jefferson Capital Beneish M-Score vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Jefferson Capital's Beneish M-Score distribution charts can be found below:

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


JCAP
17GF Score
Jefferson Capital Inc JCAP
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jefferson Capital 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 Jefferson Capital 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 * 0.9554+0.528 * 1.0148+0.404 * 0.6018+0.892 * 1.2999+0.115 * 1.3298
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0891+4.679 * -0.04896-0.327 * 0.9926
=-2.61

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $1,959.3 Mil.
Revenue was 176.439 + 154.799 + 150.842 + 152.708 = $634.8 Mil.
Gross Profit was 125.129 + 107.412 + 102.583 + 120.63 = $455.8 Mil.
Total Current Assets was $2,004.9 Mil.
Total Assets was $2,084.1 Mil.
Property, Plant and Equipment(Net PPE) was $1.5 Mil.
Depreciation, Depletion and Amortization(DDA) was $4.5 Mil.
Selling, General, & Admin. Expense(SGA) was $158.2 Mil.
Total Current Liabilities was $345.1 Mil.
Long-Term Debt & Capital Lease Obligation was $1,183.0 Mil.
Net Income was 37.634 + 37.731 + 38.362 + 47.651 = $161.4 Mil.
Non Operating Income was 1.449 + 2.161 + 1.944 + 1.089 = $6.6 Mil.
Cash Flow from Operations was 39.64 + 75.168 + 63.08 + 78.885 = $256.8 Mil.
 Total Receivables was $1,577.6 Mil.
Revenue was 154.943 + 118.981 + 110.601 + 103.804 = $488.3 Mil.
Gross Profit was 117.222 + 85.901 + 79.372 + 73.306 = $355.8 Mil.
Total Current Assets was $1,608.0 Mil.
Total Assets was $1,714.2 Mil.
Property, Plant and Equipment(Net PPE) was $0.0 Mil.
Depreciation, Depletion and Amortization(DDA) was $2.7 Mil.
Selling, General, & Admin. Expense(SGA) was $111.7 Mil.
Total Current Liabilities was $58.7 Mil.
Long-Term Debt & Capital Lease Obligation was $1,207.5 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)
=(1959.307 / 634.788) / (1577.6 / 488.329)
=3.086553 / 3.230609
=0.9554

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)
=(355.801 / 488.329) / (455.754 / 634.788)
=0.728609 / 0.717963
=1.0148

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 - (2004.915 + 1.49) / 2084.105) / (1 - (1608 + 0) / 1714.2)
=0.037282 / 0.061953
=0.6018

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
=634.788 / 488.329
=1.2999

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))
=(2.684 / (2.684 + 0)) / (4.518 / (4.518 + 1.49))
=1 / 0.751997
=1.3298

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)
=(158.185 / 634.788) / (111.735 / 488.329)
=0.249193 / 0.228811
=1.0891

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)
=((1182.988 + 345.056) / 2084.105) / ((1207.5 + 58.7) / 1714.2)
=0.73319 / 0.738654
=0.9926

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
=(161.378 - 6.643 - 256.773) / 2084.105
=-0.04896

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.

Jefferson Capital has a M-score of -2.61 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 -2.61 mean?
Jefferson Capital (JCAP) has a Beneish M-Score of -2.61 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jefferson Capital and its competitors. According to the industry distribution chart, Jefferson Capital ranks #124 out of 483 companies in the Credit Services industry, placing it in the top 25.7%.
Is Jefferson Capital's Beneish M-Score too high?
Jefferson Capital's current Beneish M-Score is -2.61. Based on the distribution chart, Jefferson Capital ranks #124 out of 483 companies in the Credit Services industry, which is above the industry midpoint. Overall, Jefferson Capital has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Jefferson Capital's Beneish M-Score compare to NAVI and WRLD?
According to the Credit Services industry distribution chart, Jefferson Capital ranks #124 out of 483 companies for Beneish M-Score. This puts Jefferson Capital 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 a Credit Services company?
A good Beneish M-Score depends on the Credit Services 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 Jefferson Capital and its competitors. Jefferson Capital's current Beneish M-Score is -2.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jefferson Capital stock overvalued right now?
Jefferson Capital (JCAP) has a current Beneish M-Score of -2.61. The current Beneish M-Score is -2.61. Jefferson Capital's overall GF Score™ is 17/100 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 Jefferson Capital (JCAP), the current Beneish M-Score is -2.61 as of Jun. 26, 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.

Jefferson Capital Business Description

Address 600 South Highway 169, Suite 1575, Minneapolis, MN, USA, 55426
Jefferson Capital Inc and its subsidiaries operate in the United States, Canada, the United Kingdom, and Latin America, providing debt recovery solutions across a broad range of consumer receivables, including credit card, automotive, utilities, telecom, and other accounts. The Company mainly purchases portfolios of consumer receivables from independent third parties at deep discounts to face value and manages these portfolios by working with individuals as obligations are repaid and financial recovery is achieved, including accounts subject to bankruptcy proceedings. In addition, the Company provides debt servicing and portfolio management services to credit originators for non-performing loans and generates revenue through credit card acquisition programs.
17GF Score

Get the complete analysis for JCAP

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

$18.58
Price