JEHLY (Johnson Electric Holdings) Beneish M-Score: -2.84 (As of Jul. 31, 2026)

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JEHLY Johnson Electric Holdings Ltd JEHLY
81 GF Score
Price $22.44
GF Value $22.39
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Johnson Electric Holdings Beneish M-Score?

Johnson Electric Holdings JEHLY 81 Beneish M-Score is -2.84 as of Jul. 31, 2026. GuruFocus rates JEHLY with a GF Score™ of 81/100 and a GF Value™ of $22.39 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,272 Vehicles & Parts companies, Johnson Electric Holdings ranks better than 76.34% 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 -2.84 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

JEHLY' s Beneish M-Score Range Over the Past 10 Years
Min: -4.26   Med: -2.72   Max: -2.37
Current: -2.84

During the past 13 years, the highest Beneish M-Score of Johnson Electric Holdings was -2.37. The lowest was -4.26. And the median was -2.72.


Johnson Electric Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Johnson Electric 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.

Johnson Electric Holdings Beneish M-Score Chart

Johnson Electric Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.38 -2.76 -3.06 -2.70 -2.84

Johnson Electric Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.06 0.00 -2.70 0.00 -2.84

JEHLY vs ORLY, AZO: Beneish M-Score Comparison

For the Auto Parts subindustry, Johnson Electric 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.


Johnson Electric Holdings Beneish M-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Johnson Electric Holdings's Beneish M-Score distribution charts can be found below:

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


JEHLY
81GF Score
Johnson Electric Holdings Ltd JEHLY
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Johnson Electric 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 Johnson Electric 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 * 1.0345+0.528 * 1.0042+0.404 * 0.7515+0.892 * 1.0008+0.115 * 1.0287
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0639+4.679 * -0.062718-0.327 * 1.0002
=-2.85

* 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 $846 Mil.
Revenue was $3,650 Mil.
Gross Profit was $840 Mil.
Total Current Assets was $2,410 Mil.
Total Assets was $4,288 Mil.
Property, Plant and Equipment(Net PPE) was $1,592 Mil.
Depreciation, Depletion and Amortization(DDA) was $275 Mil.
Selling, General, & Admin. Expense(SGA) was $624 Mil.
Total Current Liabilities was $1,010 Mil.
Long-Term Debt & Capital Lease Obligation was $261 Mil.
Net Income was $202 Mil.
Gross Profit was $0 Mil.
Cash Flow from Operations was $471 Mil.
Total Receivables was $817 Mil.
Revenue was $3,648 Mil.
Gross Profit was $843 Mil.
Total Current Assets was $2,232 Mil.
Total Assets was $4,064 Mil.
Property, Plant and Equipment(Net PPE) was $1,471 Mil.
Depreciation, Depletion and Amortization(DDA) was $263 Mil.
Selling, General, & Admin. Expense(SGA) was $586 Mil.
Total Current Liabilities was $855 Mil.
Long-Term Debt & Capital Lease Obligation was $350 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)
=(845.734 / 3650.418) / (816.895 / 3647.606)
=0.231681 / 0.223954
=1.0345

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)
=(843.335 / 3647.606) / (840.453 / 3650.418)
=0.231202 / 0.230235
=1.0042

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 - (2410.248 + 1591.928) / 4288.463) / (1 - (2232.204 + 1471.029) / 4064.283)
=0.066757 / 0.088835
=0.7515

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
=3650.418 / 3647.606
=1.0008

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))
=(262.733 / (262.733 + 1471.029)) / (275.02 / (275.02 + 1591.928))
=0.151539 / 0.14731
=1.0287

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)
=(624.374 / 3650.418) / (586.427 / 3647.606)
=0.171042 / 0.16077
=1.0639

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)
=((261.131 + 1010.242) / 4288.463) / ((349.627 + 855.01) / 4064.283)
=0.296464 / 0.296396
=1.0002

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
=(202.127 - 0 - 471.09) / 4288.463
=-0.062718

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.

Johnson Electric Holdings has a M-score of -2.85 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 -2.84 mean?
Johnson Electric Holdings (JEHLY) has a Beneish M-Score of -2.84 as of Jul. 31, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Johnson Electric Holdings and its competitors. According to the industry distribution chart, Johnson Electric Holdings ranks #301 out of 1272 companies in the Vehicles & Parts industry, placing it in the top 23.7%.
Is Johnson Electric Holdings' Beneish M-Score too high?
Johnson Electric Holdings' current Beneish M-Score is -2.84. Based on the distribution chart, Johnson Electric Holdings ranks #301 out of 1272 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Johnson Electric Holdings has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Johnson Electric Holdings' Beneish M-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Johnson Electric Holdings ranks #301 out of 1272 companies for Beneish M-Score. This places Johnson Electric Holdings in the top 24% 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Johnson Electric Holdings and its competitors. Johnson Electric Holdings's current Beneish M-Score is -2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Johnson Electric Holdings stock overvalued right now?
Based on GuruFocus' analysis, Johnson Electric Holdings (JEHLY) is currently considered Fairly Valued. The stock's GF Value™ is $22.39, compared to a current price of $22.44 — trading 0.2% above its estimated fair value. The current Beneish M-Score is -2.84. Johnson Electric Holdings' overall GF Score™ is 81/100 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 Johnson Electric Holdings (JEHLY), the current Beneish M-Score is -2.84 as of Jul. 31, 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 Johnson Electric Holdings (JEHLY) Overvalued in 2026?

Based on GuruFocus' analysis, Johnson Electric Holdings stock appears to be overvalued. The current stock price of $22.44 is trading 0.2% above its estimated GF Value™ of $22.39. GuruFocus considers Johnson Electric Holdings to be Fairly Valued.

Key valuation signals for JEHLY:

  • Beneish M-Score: -2.84
  • GF Value™: $22.39 vs. price of $22.44 (0.2% above fair value)
  • GF Score™: 81/100 with 2 warning signs

No single metric tells the full story. See the JEHLY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Johnson Electric Holdings Business Description

Address 12 Science Park East Avenue, 6th Floor, Hong Kong Science Park, Shatin, New Territories, Hong Kong, HKG
Johnson Electric Holdings Ltd operates manufacturing plants and sales operations throughout the world. It operates through two business units: Automotive Products Group (APG) and Industry Products Group (IPG). APG provides custom motors, actuators, switches, and motion sub-system solutions for critical automotive motion-related functions, while IPG provides motion products and customized solutions for commercial and industrial applications. Its products include AC Motors, Actuators (Automotive), Automotive Cooling Fan Motors, eDrives, EV Chargers, Flat Flexible and Flex Circuits, Gearmotors, and others. Geographically, the company generates revenue from North America, the People's Republic of China, South America, Asia-Pacific, Europe, the Middle East, and Africa.
81GF Score

Get the complete analysis for JEHLY

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

$22.44
Price
$22.39
GF Value