Jangho Group Co (SHSE:601886) Beneish M-Score: -2.75 (As of Jul. 20, 2026)

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SHSE:601886 Jangho Group Co Ltd SHSE:601886
76 GF Score
Price ¥7.96
GF Value ¥7.09
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Jangho Group Co Beneish M-Score?

Jangho Group Co SHSE:601886 +1.79% 76 Beneish M-Score is -2.75 as of Jul. 20, 2026. GuruFocus rates SHSE:601886 with a GF Score™ of 76/100 and a GF Value™ of ¥7.09 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,699 Construction companies, Jangho Group Co ranks better than 69.92% 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 -2.75 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

SHSE:601886' s Beneish M-Score Range Over the Past 10 Years
Min: -7.01   Med: -2.55   Max: -1.84
Current: -2.75

During the past 13 years, the highest Beneish M-Score of Jangho Group Co was -1.84. The lowest was -7.01. And the median was -2.55.


Jangho Group Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Jangho Group Co'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.

Jangho Group Co Beneish M-Score Chart

Jangho Group Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.97 -2.36 -2.46 -2.63 -2.63

Jangho Group Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.62 -2.54 -2.55 -2.63 -2.75

SHSE:601886 vs PWR, FIX, EME: Beneish M-Score Comparison

For the Engineering & Construction subindustry, Jangho Group Co'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.


Jangho Group Co Beneish M-Score vs Construction Industry

For the Construction industry and Industrials sector, Jangho Group Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Jangho Group Co's Beneish M-Score falls into.


SHSE:601886
76GF Score
Jangho Group Co Ltd SHSE:601886
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jangho Group Co 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 Jangho Group Co 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 * 1.0276+0.528 * 0.9202+0.404 * 0.9569+0.892 * 0.9844+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9224+4.679 * -0.048846-0.327 * 1.0262
=-2.75

* 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 ¥15,650 Mil.
Revenue was 4528.736 + 7291.707 + 5214.921 + 5135.609 = ¥22,171 Mil.
Gross Profit was 697.776 + 1480.307 + 814.718 + 839.09 = ¥3,832 Mil.
Total Current Assets was ¥22,943 Mil.
Total Assets was ¥29,120 Mil.
Property, Plant and Equipment(Net PPE) was ¥3,003 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥384 Mil.
Total Current Liabilities was ¥19,044 Mil.
Long-Term Debt & Capital Lease Obligation was ¥1,211 Mil.
Net Income was 152.708 + 152.608 + 129.699 + 183.531 = ¥619 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ¥0 Mil.
Cash Flow from Operations was -588.126 + 2207.332 + 366.054 + 55.653 = ¥2,041 Mil.
Total Receivables was ¥15,472 Mil.
Revenue was 4203.024 + 6983.639 + 5501.944 + 5834.223 = ¥22,523 Mil.
Gross Profit was 631.623 + 1257.52 + 794.819 + 898.038 = ¥3,582 Mil.
Total Current Assets was ¥21,957 Mil.
Total Assets was ¥27,847 Mil.
Property, Plant and Equipment(Net PPE) was ¥2,719 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥423 Mil.
Total Current Liabilities was ¥17,901 Mil.
Long-Term Debt & Capital Lease Obligation was ¥973 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)
=(15649.818 / 22170.973) / (15471.619 / 22522.83)
=0.70587 / 0.686931
=1.0276

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)
=(3582 / 22522.83) / (3831.891 / 22170.973)
=0.159039 / 0.172834
=0.9202

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 - (22943.22 + 3003.497) / 29119.539) / (1 - (21957.097 + 2718.804) / 27846.727)
=0.108959 / 0.113867
=0.9569

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
=22170.973 / 22522.83
=0.9844

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 / (0 + 2718.804)) / (0 / (0 + 3003.497))
=0 / 0
=1

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)
=(383.666 / 22170.973) / (422.536 / 22522.83)
=0.017305 / 0.01876
=0.9224

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)
=((1210.795 + 19043.725) / 29119.539) / ((972.817 + 17900.969) / 27846.727)
=0.695565 / 0.677774
=1.0262

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
=(618.546 - 0 - 2040.913) / 29119.539
=-0.048846

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.

Jangho Group Co has a M-score of -2.75 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 -2.75 mean?
Jangho Group Co (SHSE:601886) has a Beneish M-Score of -2.75 as of Jul. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jangho Group Co and its competitors. According to the industry distribution chart, Jangho Group Co ranks #511 out of 1699 companies in the Construction industry, placing it in the top 30.1%.
Is Jangho Group Co's Beneish M-Score too high?
Jangho Group Co's current Beneish M-Score is -2.75. Based on the distribution chart, Jangho Group Co ranks #511 out of 1699 companies in the Construction industry, which is above the industry midpoint. Overall, Jangho Group Co has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jangho Group Co's Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Jangho Group Co ranks #511 out of 1699 companies for Beneish M-Score. This puts Jangho Group Co 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Jangho Group Co and its competitors. Jangho Group Co's current Beneish M-Score is -2.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jangho Group Co stock overvalued right now?
Based on GuruFocus' analysis, Jangho Group Co (SHSE:601886) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥7.09, compared to a current price of ¥7.96 — trading 12.3% above its estimated fair value. The current Beneish M-Score is -2.75. Jangho Group Co's overall GF Score™ is 76/100 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 Jangho Group Co (SHSE:601886), the current Beneish M-Score is -2.75 as of Jul. 20, 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 Jangho Group Co (SHSE:601886) Overvalued in 2026?

Based on GuruFocus' analysis, Jangho Group Co stock appears to be overvalued. The current stock price of ¥7.96 is trading 12.3% above its estimated GF Value™ of ¥7.09. GuruFocus considers Jangho Group Co to be Modestly Overvalued.

Key valuation signals for SHSE:601886:

  • Beneish M-Score: -2.75
  • GF Value™: ¥7.09 vs. price of ¥7.96 (12.3% above fair value)
  • GF Score™: 76/100 with 4 warning signs

No single metric tells the full story. See the SHSE:601886 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jangho Group Co Business Description

Address No.5 Niuhui North Fifth Street, Shunyi District, Beijing, CHN
Jangho Group Co Ltd is a China based company operating in the field of green architectural decoration and health care. In the Architectural decoration, the company focuses on curtain wall and interior decoration (including design), and others. In the Health care field, the company focuses on ophthalmology, third-party testing, and community hospitals. It has a business presence in China and other international countries. The organization's brands are Jangho curtain wall, Sundart, Gangyuan decoration, Gangyuan Curtain wall, SLD, Vision and Zeming Eye hospital.
76GF Score

Get the complete analysis for SHSE:601886

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

¥7.96
Price
¥7.09
GF Value