JPPYY (Jupai Holdings) Beneish M-Score: 0.00 (As of Jun. 25, 2026)


JPPYY Jupai Holdings Ltd JPPYY
12 GF Score
Price $0.00
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What is Jupai Holdings Beneish M-Score?

Jupai Holdings JPPYY 12 Beneish M-Score is 0.00 as of Jun. 25, 2026. GuruFocus rates JPPYY with a GF Score™ of 12/100.

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.

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

During the past 12 years, the highest Beneish M-Score of Jupai Holdings was 0.00. The lowest was 0.00. And the median was 0.00.

Jupai Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Jupai 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.

Jupai Holdings Beneish M-Score Chart

Jupai Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.23 -2.54 -2.91 -3.80 -2.87

Jupai Holdings Semi-Annual Data
Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.23 -2.54 -2.91 -3.80 -2.87

JPPYY vs BLK, BX, KKR: Beneish M-Score Comparison

For the Asset Management subindustry, Jupai 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.

Jupai Holdings Beneish M-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Jupai Holdings's Beneish M-Score distribution charts can be found below:

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


JPPYY
12GF Score
Jupai Holdings Ltd JPPYY
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Jupai 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 Jupai 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 * 0.5679+0.528 * 0.5605+0.404 * 1.4696+0.892 * 0.3175+0.115 * 7.2212
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.5391+4.679 * -0.032831-0.327 * 0.9316
=-2.87

* 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 (Dec23) TTM:Last Year (Dec22) TTM:
Total Receivables was $0.34 Mil.
Revenue was $4.70 Mil.
Gross Profit was $4.70 Mil.
Total Current Assets was $39.58 Mil.
Total Assets was $128.57 Mil.
Property, Plant and Equipment(Net PPE) was $1.27 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.08 Mil.
Selling, General, & Admin. Expense(SGA) was $4.04 Mil.
Total Current Liabilities was $12.01 Mil.
Long-Term Debt & Capital Lease Obligation was $0.52 Mil.
Net Income was $-3.32 Mil.
Gross Profit was $0.17 Mil.
Cash Flow from Operations was $0.74 Mil.
 Total Receivables was $1.86 Mil.
Revenue was $14.81 Mil.
Gross Profit was $8.30 Mil.
Total Current Assets was $71.23 Mil.
Total Assets was $136.31 Mil.
Property, Plant and Equipment(Net PPE) was $1.80 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.31 Mil.
Selling, General, & Admin. Expense(SGA) was $23.59 Mil.
Total Current Liabilities was $13.22 Mil.
Long-Term Debt & Capital Lease Obligation was $1.05 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)
=(0.335 / 4.701) / (1.858 / 14.808)
=0.071261 / 0.125473
=0.5679

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)
=(8.298 / 14.808) / (4.7 / 4.701)
=0.560373 / 0.999787
=0.5605

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 - (39.579 + 1.273) / 128.567) / (1 - (71.233 + 1.796) / 136.309)
=0.682251 / 0.464239
=1.4696

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
=4.701 / 14.808
=0.3175

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))
=(1.311 / (1.311 + 1.796)) / (0.079 / (0.079 + 1.273))
=0.42195 / 0.058432
=7.2212

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)
=(4.037 / 4.701) / (23.588 / 14.808)
=0.858753 / 1.592923
=0.5391

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)
=((0.523 + 12.007) / 128.567) / ((1.045 + 13.215) / 136.309)
=0.097459 / 0.104615
=0.9316

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
=(-3.315 - 0.165 - 0.741) / 128.567
=-0.032831

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.

Jupai Holdings has a M-score of -2.87 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 0.00 mean?
Jupai Holdings (JPPYY) has a Beneish M-Score of 0.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jupai Holdings and its competitors.
Is Jupai Holdings' Beneish M-Score too high?
Jupai Holdings' current Beneish M-Score is 0.00. Overall, Jupai Holdings has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Jupai Holdings' Beneish M-Score compare to BLK and BX?
Jupai Holdings' Beneish M-Score of 0.00 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 Jupai Holdings and its competitors. Jupai Holdings's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jupai Holdings stock overvalued right now?
Jupai Holdings (JPPYY) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Jupai Holdings' overall GF Score™ is 12/100. 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 Jupai Holdings (JPPYY), the current Beneish M-Score is 0.00 as of Jun. 25, 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.

Jupai Holdings Business Description

Address No. 1588 Xinyang Road, Building 4, Lingang New Area, China (Shanghai) Pilot Free Trade Zone, Shanghai, CHN, 201413
Jupai Holdings Ltd is a third-party wealth management service provider focusing on distributing wealth management products and providing product advisory services to high-net-worth individuals. It derives net revenues mainly from the provision of wealth management product-related services and asset management services. All of the group's revenues are derived from China.
12GF Score

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