JG Summit HoldingsJGSHF 62 Beneish M-Score is -3.16 as of Jun. 26, 2026. GuruFocus rates JGSHF with a GF Score™ of 62/100 and a GF Value™ of $0.40 (Fairly Valued). The stock has 3 warning signs investors should review. Among 537 Conglomerates companies, JG Summit Holdings ranks better than 90.13% 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 -3.16 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for JG Summit Holdings's Beneish M-Score or its related term are showing as below:
JGSHF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.91 Med: -2.59 Max: -1.72
Current: -3.16
During the past 13 years, the highest Beneish M-Score of JG Summit Holdings was -1.72. The lowest was -3.91. And the median was -2.59.
JG Summit Holdings Beneish M-Score Related Terms
JG Summit Holdings Beneish M-Score Historical Data
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The historical data trend for JG Summit 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.
For the Conglomerates subindustry, JG Summit 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.
JG Summit Holdings Beneish M-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, JG Summit Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where JG Summit Holdings'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 JG Summit 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 * 0.9971
+
0.528 * 0.9982
+
0.404 * 1.0802
+
0.892 * 1.1094
+
0.115 * 0.7697
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0129
+
4.679 * -0.162269
-
0.327 * 1.0701
=
-3.16
* 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))
=
(526.911 / (526.911 + 6454.324))
/
(587.135 / (587.135 + 5400.861))
=
0.075475
/
0.098052
=
0.7697
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
=
(-1429.849 - 0
-
1192.685)
/
16161.634
=
-0.162269
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.
JG Summit Holdings has a M-score of -3.16 suggests that the company is unlikely to be a manipulator.
JG Summit Holdings (JGSHF) has a Beneish M-Score of -3.16 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on JG Summit Holdings and its competitors. According to the industry distribution chart, JG Summit Holdings ranks #53 out of 537 companies in the Conglomerates industry, placing it in the top 9.9%.
Is JG Summit Holdings' Beneish M-Score too high?
JG Summit Holdings' current Beneish M-Score is -3.16. Based on the distribution chart, JG Summit Holdings ranks #53 out of 537 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, JG Summit Holdings has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does JG Summit Holdings' Beneish M-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, JG Summit Holdings ranks #53 out of 537 companies for Beneish M-Score. This places JG Summit Holdings in the top 10% 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 Conglomerates company?
A good Beneish M-Score depends on the Conglomerates 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 JG Summit Holdings and its competitors. JG Summit Holdings's current Beneish M-Score is -3.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JG Summit Holdings stock overvalued right now?
Based on GuruFocus' analysis, JG Summit Holdings (JGSHF) is currently considered Fairly Valued. The stock's GF Value™ is $0.40, compared to a current price of $0.44 — trading 10.2% above its estimated fair value. The current Beneish M-Score is -3.16. JG Summit Holdings' overall GF Score™ is 62/100 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 JG Summit Holdings (JGSHF), the current Beneish M-Score is -3.16 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.
Is JG Summit Holdings (JGSHF) Overvalued in 2026?
Based on GuruFocus' analysis, JG Summit Holdings stock appears to be overvalued.
The current stock price of $0.44 is trading 10.2% above its estimated GF Value™ of $0.40.
GuruFocus considers JG Summit Holdings to be Fairly Valued.
Key valuation signals for JGSHF:
Beneish M-Score: -3.16
GF Value™: $0.40 vs. price of $0.44 (10.2% above fair value)
No single metric tells the full story. See the JGSHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JG Summit Holdings Inc is a diversified Filipino conglomerate, engaged in food, agro-industrial, and commodities, real estate and hotel, air transportation, banking, and petrochemicals. The company also has investments in telecommunications and power generation, and distribution. It also has a branded consumer foods business in China, ASEAN, and an investment in a property development company in Singapore. The Group conducts businesses throughout the Philippines, around Metro Manila, and in the regions of Luzon, Visayas, and Mindanao.
62GF Score
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