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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 -4.95 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Jewett-Cameron Trading Co's Beneish M-Score or its related term are showing as below:
JCTC'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.95 Med: -2.43 Max: 7.8
Current: -4.95
During the past 13 years, the highest Beneish M-Score of Jewett-Cameron Trading Co was 7.80. The lowest was -4.95. And the median was -2.43.
Jewett-Cameron Trading Co Beneish M-Score Related Terms
Jewett-Cameron Trading Co Beneish M-Score Historical Data
* 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.
JCTC vs ITP, SSD, UFPI: Beneish M-Score Comparison
For the Lumber & Wood Production subindustry, Jewett-Cameron Trading Co'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.
Jewett-Cameron Trading Co Beneish M-Score vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Jewett-Cameron Trading Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Jewett-Cameron Trading Co's Beneish M-Score falls into.
Jewett-Cameron Trading Co 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 Jewett-Cameron Trading Co 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 * 0.7454
+
0.528 * 2.0419
+
0.404 * 0.1756
+
0.892 * 0.8929
+
0.115 * 0.9412
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1672
+
4.679 * -0.501521
-
0.327 * 0.929
=
-4.95
* 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))
=
(0.327 / (0.327 + 3.702))
/
(0.28 / (0.28 + 2.967))
=
0.081162
/
0.086233
=
0.9412
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
=
(-8.256 - 0
-
0.975)
/
18.406
=
-0.501521
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.
Jewett-Cameron Trading Co has a M-score of -4.95 suggests that the company is unlikely to be a manipulator.
Jewett-Cameron Trading Co (JCTC) has a Beneish M-Score of -4.95 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jewett-Cameron Trading Co and its competitors. According to the industry distribution chart, Jewett-Cameron Trading Co ranks #6 out of 272 companies in the Forest Products industry, placing it in the top 2.2%.
Is Jewett-Cameron Trading Co's Beneish M-Score too high?
Jewett-Cameron Trading Co's current Beneish M-Score is -4.95. Based on the distribution chart, Jewett-Cameron Trading Co ranks #6 out of 272 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Jewett-Cameron Trading Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jewett-Cameron Trading Co's Beneish M-Score compare to ITP and SSD?
According to the Forest Products industry distribution chart, Jewett-Cameron Trading Co ranks #6 out of 272 companies for Beneish M-Score. This places Jewett-Cameron Trading Co in the top 2% of its industry — outperforming the majority of peers. 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 Forest Products company?
A good Beneish M-Score depends on the Forest Products 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 Jewett-Cameron Trading Co and its competitors. Jewett-Cameron Trading Co's current Beneish M-Score is -4.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jewett-Cameron Trading Co stock overvalued right now?
Based on GuruFocus' analysis, Jewett-Cameron Trading Co (JCTC) is currently considered Modestly Undervalued. The stock's GF Value™ is $3.32, compared to a current price of $2.81 — trading 15.5% below its estimated fair value. The current Beneish M-Score is -4.95. Jewett-Cameron Trading Co's overall GF Score™ is 65/100 with 3 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 Jewett-Cameron Trading Co (JCTC), the current Beneish M-Score is -4.95 as of Jul. 16, 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 Jewett-Cameron Trading Co (JCTC) Overvalued in 2026?
Based on GuruFocus' analysis, Jewett-Cameron Trading Co stock appears to be undervalued.
The current stock price of $2.81 is trading 15.5% below its estimated GF Value™ of $3.32.
GuruFocus considers Jewett-Cameron Trading Co to be Modestly Undervalued.
Key valuation signals for JCTC:
Beneish M-Score: -4.95
GF Value™: $3.32 vs. price of $2.81 (15.5% below fair value)
No single metric tells the full story. See the JCTC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jewett-Cameron Trading Co Ltd through its subsidiaries engages in the wholesale distribution of a variety of specialty wood products. Its operating segments include, The Industrial wood products segment is engaged in the processing and distribution of industrial wood products. The Pet Fencing and Other segment, which is the key revenue driver, operates as a wholesaler of wood products and a manufacturer and distributor of specialty metal products. The Seed processing and sales segment processes and distributes agricultural seed and Corporate and administrative. The company predominantly operates in the United States and also has a presence in Canada, Latin America, Europe and Asia Pacific, and other regions.
65GF Score
Get the complete analysis for JCTC
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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