Jiangsu Expressway CoJEXYF 84 Beneish M-Score is -2.54 as of Jun. 24, 2026. GuruFocus rates JEXYF with a GF Score™ of 84/100 and a GF Value™ of $1.61 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,704 Construction companies, Jiangsu Expressway Co ranks better than 54.4% 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 -2.54 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Jiangsu Expressway Co's Beneish M-Score or its related term are showing as below:
JEXYF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.67 Med: -2.33 Max: 5.47
Current: -2.54
During the past 13 years, the highest Beneish M-Score of Jiangsu Expressway Co was 5.47. The lowest was -3.67. And the median was -2.33.
Jiangsu Expressway Co Beneish M-Score Related Terms
Jiangsu Expressway Co Beneish M-Score Historical Data
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The historical data trend for Jiangsu Expressway Co'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.
Jiangsu Expressway Co Beneish M-Score Competitor Comparison
For the Infrastructure Operations subindustry, Jiangsu Expressway 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.
Jiangsu Expressway Co Beneish M-Score vs Construction Industry
For the Construction industry and Industrials sector, Jiangsu Expressway Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Jiangsu Expressway Co'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 Jiangsu Expressway 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 * 1.3355
+
0.528 * 0.8236
+
0.404 * 1.004
+
0.892 * 0.8383
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.959
+
4.679 * -0.01965
-
0.327 * 0.9516
=
-2.48
* 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 / (0 + 1037.258))
/
(0 / (0 + 1247.858))
=
0
/
0
=
1
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
=
(672.959 - 0
-
958.011)
/
14506.25
=
-0.01965
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.
Jiangsu Expressway Co has a M-score of -2.48 suggests that the company is unlikely to be a manipulator.
Jiangsu Expressway Co (JEXYF) has a Beneish M-Score of -2.54 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jiangsu Expressway Co and its competitors. According to the industry distribution chart, Jiangsu Expressway Co ranks #777 out of 1704 companies in the Construction industry, placing it in the top 45.6%.
Is Jiangsu Expressway Co's Beneish M-Score too high?
Jiangsu Expressway Co's current Beneish M-Score is -2.54. Based on the distribution chart, Jiangsu Expressway Co ranks #777 out of 1704 companies in the Construction industry, which is above the industry midpoint. Overall, Jiangsu Expressway Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu Expressway Co's Beneish M-Score compare to competitors?
According to the Construction industry distribution chart, Jiangsu Expressway Co ranks #777 out of 1704 companies for Beneish M-Score. This puts Jiangsu Expressway Co 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Jiangsu Expressway Co and its competitors. Jiangsu Expressway Co's current Beneish M-Score is -2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu Expressway Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu Expressway Co (JEXYF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.61, compared to a current price of $1.40 — trading 13% below its estimated fair value. The current Beneish M-Score is -2.54. Jiangsu Expressway Co'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 Jiangsu Expressway Co (JEXYF), the current Beneish M-Score is -2.54 as of Jun. 24, 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 Jiangsu Expressway Co (JEXYF) Overvalued in 2026?
Based on GuruFocus' analysis, Jiangsu Expressway Co stock appears to be undervalued.
The current stock price of $1.40 is trading 13% below its estimated GF Value™ of $1.61.
GuruFocus considers Jiangsu Expressway Co to be Modestly Undervalued.
Key valuation signals for JEXYF:
Beneish M-Score: -2.54
GF Value™: $1.61 vs. price of $1.40 (13% below fair value)
No single metric tells the full story. See the JEXYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jiangsu Expressway Co Ltd is principally engaged in the investment, construction, operation and management of toll roads and bridges in Jiangsu Province and the development of service areas along expressways. It operates through the following segments: Shanghai-Nanjing Expressway, Ningchang Expressway and Zhenli Expressway, Guangjing Expressway and Xicheng Expressway, Xiyi Expressway and Wuxi Huantaihu Expressway, Zhendan Expressway, Wufengshan Bridge, Changyi Expressway, Yichang Expressway, Longtan Bridge, Xitai Expressway, Danjin Expressway, ancillary services (including petrol, food and retail in service zones along the expressways), real estate development, sales of electricity and advertising and others. The Shanghai-Nanjing Expressway is the maximum revenue driver.
84GF Score
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