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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 -2.82 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Jack Henry & Associates's Beneish M-Score or its related term are showing as below:
MEX:JKHY'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.02 Med: -2.71 Max: -2.38
Current: -2.82
During the past 13 years, the highest Beneish M-Score of Jack Henry & Associates was -2.38. The lowest was -3.02. And the median was -2.71.
* 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.
MEX:JKHY vs CACI, WSE, CIFR: Beneish M-Score Comparison
For the Information Technology Services subindustry, Jack Henry & Associates'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.
Jack Henry & Associates Beneish M-Score vs Software Industry
For the Software industry and Technology sector, Jack Henry & Associates's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Jack Henry & Associates's Beneish M-Score falls into.
Jack Henry & Associates 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 Jack Henry & Associates 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 * 0.8932
+
0.528 * 0.9546
+
0.404 * 1.0176
+
0.892 * 1.0002
+
0.115 * 0.9449
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9489
+
4.679 * -0.090348
-
0.327 * 0.8036
=
-2.95
* 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))
=
(4045.906 / (4045.906 + 4532.31))
/
(3846.034 / (3846.034 + 3859.088))
=
0.471649
/
0.499153
=
0.9449
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
=
(9504.835 - 0
-
14474.865)
/
55009.779
=
-0.090348
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.
Jack Henry & Associates has a M-score of -2.95 suggests that the company is unlikely to be a manipulator.
Jack Henry & Associates (MEX:JKHY) has a Beneish M-Score of -2.82 as of Aug. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jack Henry & Associates and its competitors. According to the industry distribution chart, Jack Henry & Associates ranks #824 out of 2629 companies in the Software industry, placing it in the top 31.3%.
Is Jack Henry & Associates' Beneish M-Score too high?
Jack Henry & Associates' current Beneish M-Score is -2.82. Based on the distribution chart, Jack Henry & Associates ranks #824 out of 2629 companies in the Software industry, which is above the industry midpoint. Overall, Jack Henry & Associates has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Jack Henry & Associates' Beneish M-Score compare to CACI and WSE?
According to the Software industry distribution chart, Jack Henry & Associates ranks #824 out of 2629 companies for Beneish M-Score. This puts Jack Henry & Associates 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 Software company?
A good Beneish M-Score depends on the Software 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 Jack Henry & Associates and its competitors. Jack Henry & Associates's current Beneish M-Score is -2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jack Henry & Associates stock overvalued right now?
Jack Henry & Associates (MEX:JKHY) has a current Beneish M-Score of -2.82. The stock's GF Value™ is MXN3,342.82, compared to a current price of MXN2,656.81 — trading 20.5% below its estimated fair value. The current Beneish M-Score is -2.82. Jack Henry & Associates' overall GF Score™ is 82/100. 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 Jack Henry & Associates (MEX:JKHY), the current Beneish M-Score is -2.82 as of Aug. 05, 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 Jack Henry & Associates (MEX:JKHY) Overvalued in 2026?
Based on GuruFocus' analysis, Jack Henry & Associates stock appears to be undervalued.
The current stock price of MXN2,656.81 is trading 20.5% below its estimated GF Value™ of MXN3,342.82.
Key valuation signals for MEX:JKHY:
Beneish M-Score: -2.82
GF Value™: MXN3,342.82 vs. price of MXN2,656.81 (20.5% below fair value)
No single metric tells the full story. See the MEX:JKHY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jack Henry is a leading provider of core processing and complementary services, including electronic funds transfer, payment processing, and loan processing, for US banks and credit unions, with a focus on small and midsize banks. Jack Henry serves almost 1,000 banks and over 700 credit unions.
82GF Score
Get the complete analysis for MEX:JKHY
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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