JWEL (Jowell Global) Beneish M-Score: -4.59 (As of Jun. 24, 2026)


JWEL Jowell Global Ltd JWEL
63 GF Score
Price $2.40
GF Value $2.18
Valuation Fairly Valued
! 5 Warning Signs
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What is Jowell Global Beneish M-Score?

Jowell Global JWEL 63 Beneish M-Score is -4.59 as of Jun. 24, 2026. GuruFocus rates JWEL with a GF Score™ of 63/100 and a GF Value™ of $2.18 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,087 Retail - Cyclical companies, Jowell Global ranks better than 97.88% 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 -4.59 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

JWEL' s Beneish M-Score Range Over the Past 10 Years
Min: -4.59   Med: -2.01   Max: 10.13
Current: -4.59

During the past 8 years, the highest Beneish M-Score of Jowell Global was 10.13. The lowest was -4.59. And the median was -2.01.


Jowell Global Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Jowell Global'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.

Jowell Global Beneish M-Score Chart

Jowell Global Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 10.13 -1.83 -2.19 -3.55 -4.59

Jowell Global Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -2.19 0.00 -3.55 0.00 -4.59

JWEL vs WBUY, WNW, YJ: Beneish M-Score Comparison

For the Internet Retail subindustry, Jowell Global'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.


Jowell Global Beneish M-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Jowell Global's Beneish M-Score distribution charts can be found below:

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


JWEL
63GF Score
Jowell Global Ltd JWEL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jowell Global 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 Jowell Global 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 * 0.0308+0.528 * 0.1359+0.404 * 0.8779+0.892 * 1.2408+0.115 * 1.2942
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9299+4.679 * -0.181407-0.327 * 1.3793
=-4.59

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was $0.1 Mil.
Revenue was $165.0 Mil.
Gross Profit was $11.5 Mil.
Total Current Assets was $16.0 Mil.
Total Assets was $21.9 Mil.
Property, Plant and Equipment(Net PPE) was $1.7 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.9 Mil.
Selling, General, & Admin. Expense(SGA) was $8.5 Mil.
Total Current Liabilities was $9.6 Mil.
Long-Term Debt & Capital Lease Obligation was $0.9 Mil.
Net Income was $-6.3 Mil.
Gross Profit was $-0.8 Mil.
Cash Flow from Operations was $-1.5 Mil.
Total Receivables was $2.0 Mil.
Revenue was $133.0 Mil.
Gross Profit was $1.3 Mil.
Total Current Assets was $17.6 Mil.
Total Assets was $25.8 Mil.
Property, Plant and Equipment(Net PPE) was $2.6 Mil.
Depreciation, Depletion and Amortization(DDA) was $2.0 Mil.
Selling, General, & Admin. Expense(SGA) was $7.4 Mil.
Total Current Liabilities was $7.4 Mil.
Long-Term Debt & Capital Lease Obligation was $1.5 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)
=(0.078 / 165) / (2.044 / 132.982)
=0.000473 / 0.015371
=0.0308

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)
=(1.263 / 132.982) / (11.534 / 165)
=0.009498 / 0.069903
=0.1359

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 - (16.011 + 1.716) / 21.89) / (1 - (17.632 + 2.616) / 25.847)
=0.190178 / 0.216621
=0.8779

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
=165 / 132.982
=1.2408

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))
=(1.974 / (1.974 + 2.616)) / (0.854 / (0.854 + 1.716))
=0.430065 / 0.332296
=1.2942

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)
=(8.48 / 165) / (7.35 / 132.982)
=0.051394 / 0.055271
=0.9299

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)
=((0.881 + 9.555) / 21.89) / ((1.52 + 7.414) / 25.847)
=0.476747 / 0.345649
=1.3793

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
=(-6.28 - -0.779 - -1.53) / 21.89
=-0.181407

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.

Jowell Global has a M-score of -4.59 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 -4.59 mean?
Jowell Global (JWEL) has a Beneish M-Score of -4.59 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jowell Global and its competitors. According to the industry distribution chart, Jowell Global ranks #23 out of 1087 companies in the Retail - Cyclical industry, placing it in the top 2.1%.
Is Jowell Global's Beneish M-Score too high?
Jowell Global's current Beneish M-Score is -4.59. Based on the distribution chart, Jowell Global ranks #23 out of 1087 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Jowell Global has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jowell Global's Beneish M-Score compare to WBUY and WNW?
According to the Retail - Cyclical industry distribution chart, Jowell Global ranks #23 out of 1087 companies for Beneish M-Score. This places Jowell Global 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 Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 Jowell Global and its competitors. Jowell Global's current Beneish M-Score is -4.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jowell Global stock overvalued right now?
Based on GuruFocus' analysis, Jowell Global (JWEL) is currently considered Fairly Valued. The stock's GF Value™ is $2.18, compared to a current price of $2.40 — trading 10.1% above its estimated fair value. The current Beneish M-Score is -4.59. Jowell Global's overall GF Score™ is 63/100 with 5 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 Jowell Global (JWEL), the current Beneish M-Score is -4.59 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 Jowell Global (JWEL) Overvalued in 2026?

Based on GuruFocus' analysis, Jowell Global stock appears to be overvalued. The current stock price of $2.40 is trading 10.1% above its estimated GF Value™ of $2.18. GuruFocus considers Jowell Global to be Fairly Valued.

Key valuation signals for JWEL:

  • Beneish M-Score: -4.59
  • GF Value™: $2.18 vs. price of $2.40 (10.1% above fair value)
  • GF Score™: 63/100 with 5 warning signs

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


Jowell Global Business Description

Address No. 285 Jiangpu Road, 2nd Floor, Yangpu District, Shanghai, CHN, 200082
Jowell Global Ltd is a cosmetics, health, nutritional supplements, and household products e-commerce platform in China. The company offers its branded products to customers and also sells and distributes products from other companies on its platform. In addition, it allows third parties to open their stores on its platform for a service fee based on their sales revenues generated from their online stores and provides them with information about market needs, enabling them to manage their sales effort, as well as an effective platform to promote their brands. The company currently operates under four sales channels: Online Direct Sales, Authorized Retail Store Distribution, Third-party Merchants, and Live streaming marketing.
63GF Score

Get the complete analysis for JWEL

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

$2.40
Price
$2.18
GF Value