KFFB (Kentucky First Federal Bancorp) Beneish M-Score: -2.25 (As of Jun. 25, 2026)


KFFB Kentucky First Federal Bancorp KFFB
56 GF Score
Price $4.84
GF Value $4.92
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Kentucky First Federal Bancorp Beneish M-Score?

Kentucky First Federal Bancorp KFFB -0.31% 56 Beneish M-Score is -2.25 as of Jun. 25, 2026. GuruFocus rates KFFB with a GF Score™ of 56/100 and a GF Value™ of $4.92 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,396 Banks companies, Kentucky First Federal Bancorp ranks worse than 74.79% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -2.25 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Kentucky First Federal Bancorp's Beneish M-Score or its related term are showing as below:

KFFB' s Beneish M-Score Range Over the Past 10 Years
Min: -2.75   Med: -2.45   Max: -1.94
Current: -2.25

During the past 13 years, the highest Beneish M-Score of Kentucky First Federal Bancorp was -1.94. The lowest was -2.75. And the median was -2.45.

KFFB
56GF Score
Kentucky First Federal Bancorp KFFB
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kentucky First Federal Bancorp 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 Kentucky First Federal Bancorp 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 * 0.8576+0.528 * 1+0.404 * 0.9999+0.892 * 1.3017+0.115 * 1.272
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7974+4.679 * 0.000916-0.327 * 0.9311
=-2.25

* 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 $1.59 Mil.
Revenue was 3.006 + 2.834 + 2.657 + 2.414 = $10.91 Mil.
Gross Profit was 3.006 + 2.834 + 2.657 + 2.414 = $10.91 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $374.54 Mil.
Property, Plant and Equipment(Net PPE) was $4.20 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.18 Mil.
Selling, General, & Admin. Expense(SGA) was $5.49 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $48.94 Mil.
Net Income was 0.581 + 0.304 + 0.344 + 0.176 = $1.41 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was 0.886 + -0.303 + 0.45 + 0.029 = $1.06 Mil.
 Total Receivables was $1.43 Mil.
Revenue was 2.212 + 2.209 + 2.007 + 1.954 = $8.38 Mil.
Gross Profit was 2.212 + 2.209 + 2.007 + 1.954 = $8.38 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $380.74 Mil.
Property, Plant and Equipment(Net PPE) was $4.24 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.23 Mil.
Selling, General, & Admin. Expense(SGA) was $5.29 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $53.43 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)
=(1.593 / 10.911) / (1.427 / 8.382)
=0.145999 / 0.170246
=0.8576

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)
=(8.382 / 8.382) / (10.911 / 10.911)
=1 / 1
=1

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 - (0 + 4.195) / 374.541) / (1 - (0 + 4.242) / 380.737)
=0.9888 / 0.988858
=0.9999

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
=10.911 / 8.382
=1.3017

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))
=(0.229 / (0.229 + 4.242)) / (0.176 / (0.176 + 4.195))
=0.051219 / 0.040265
=1.272

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)
=(5.488 / 10.911) / (5.287 / 8.382)
=0.502979 / 0.630756
=0.7974

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)
=((48.937 + 0) / 374.541) / ((53.427 + 0) / 380.737)
=0.130659 / 0.140325
=0.9311

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
=(1.405 - 0 - 1.062) / 374.541
=0.000916

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.

Kentucky First Federal Bancorp has a M-score of -2.25 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 -2.25 mean?
Kentucky First Federal Bancorp (KFFB) has a Beneish M-Score of -2.25 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kentucky First Federal Bancorp and its competitors. According to the industry distribution chart, Kentucky First Federal Bancorp ranks #1044 out of 1396 companies in the Banks industry, placing it in the top 74.8%.
Is Kentucky First Federal Bancorp's Beneish M-Score too high?
Kentucky First Federal Bancorp's current Beneish M-Score is -2.25. Based on the distribution chart, Kentucky First Federal Bancorp ranks #1044 out of 1396 companies in the Banks industry, which is below the industry midpoint. Overall, Kentucky First Federal Bancorp has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kentucky First Federal Bancorp's Beneish M-Score compare to HFBA and EXCH?
According to the Banks industry distribution chart, Kentucky First Federal Bancorp ranks #1044 out of 1396 companies for Beneish M-Score. This places Kentucky First Federal Bancorp in the lower 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Kentucky First Federal Bancorp and its competitors. Kentucky First Federal Bancorp's current Beneish M-Score is -2.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kentucky First Federal Bancorp stock overvalued right now?
Based on GuruFocus' analysis, Kentucky First Federal Bancorp (KFFB) is currently considered Fairly Valued. The stock's GF Value™ is $4.92, compared to a current price of $4.84 — trading 1.6% below its estimated fair value. The current Beneish M-Score is -2.25. Kentucky First Federal Bancorp's overall GF Score™ is 56/100 with 4 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 Kentucky First Federal Bancorp (KFFB), the current Beneish M-Score is -2.25 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.

Is Kentucky First Federal Bancorp (KFFB) Overvalued in 2026?

Based on GuruFocus' analysis, Kentucky First Federal Bancorp stock appears to be undervalued. The current stock price of $4.84 is trading 1.6% below its estimated GF Value™ of $4.92. GuruFocus considers Kentucky First Federal Bancorp to be Fairly Valued.

Key valuation signals for KFFB:

  • Beneish M-Score: -2.25
  • GF Value™: $4.92 vs. price of $4.84 (1.6% below fair value)
  • GF Score™: 56/100 with 4 warning signs

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

Kentucky First Federal Bancorp Business Description

Address 655 Main Street, Hazard, KY, USA, 41702
Kentucky First Federal Bancorp is a holding company. The company, through its subsidiaries, is engaged mainly in the business of accepting deposits from the general public and using such funds to originate loans secured by first mortgages on owner-occupied, residential real estate and other loans secured by real estate. Its primary products and services include Residential mortgage loans, Multi-family loans, Construction loans, and types of deposits etc. The company mainly operates in Perry, Franklin, Boyle, and Garrard and surrounding counties in Kentucky, USA.
56GF Score

Get the complete analysis for KFFB

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

$4.84
Price
$4.92
GF Value