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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.
Warning Sign:
Beneish M-Score -0.78 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Accel Entertainment's Beneish M-Score or its related term are showing as below:
ACEL'
s Beneish M-Score Range Over the Past 10 Years
Min: -549.92 Med: -2.72 Max: 5.9
Current: -0.78
During the past 9 years, the highest Beneish M-Score of Accel Entertainment was 5.90. The lowest was -549.92. And the median was -2.72.
Accel Entertainment Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Accel Entertainment'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.
ACEL vs CDRO, INSE, MRDN: Beneish M-Score Comparison
For the Gambling subindustry, Accel Entertainment'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.
Accel Entertainment Beneish M-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Accel Entertainment's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Accel Entertainment's Beneish M-Score falls into.
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 Accel Entertainment 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 * 3.2073
+
0.528 * 0.9787
+
0.404 * 0.9522
+
0.892 * 1.087
+
0.115 * 0.9774
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0111
+
4.679 * -0.082462
-
0.327 * 0.9567
=
-0.78
* 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))
=
(72.308 / (72.308 + 328.304))
/
(81.444 / (81.444 + 359.567))
=
0.180494
/
0.184676
=
0.9774
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
=
(56.682 - -1.882
-
149.025)
/
1096.998
=
-0.082462
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.
Accel Entertainment has a M-score of -0.78 signals that the company is likely to be a manipulator.
Accel Entertainment (ACEL) has a Beneish M-Score of -0.78 as of Aug. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Accel Entertainment and its competitors. According to the industry distribution chart, Accel Entertainment ranks #758 out of 819 companies in the Travel & Leisure industry, placing it in the top 92.6%.
Is Accel Entertainment's Beneish M-Score too high?
Accel Entertainment's current Beneish M-Score is -0.78. Based on the distribution chart, Accel Entertainment ranks #758 out of 819 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Accel Entertainment has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Accel Entertainment's Beneish M-Score compare to CDRO and INSE?
According to the Travel & Leisure industry distribution chart, Accel Entertainment ranks #758 out of 819 companies for Beneish M-Score. This places Accel Entertainment 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 Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 Accel Entertainment and its competitors. Accel Entertainment's current Beneish M-Score is -0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Accel Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Accel Entertainment (ACEL) is currently considered Fairly Valued. The stock's GF Value™ is $12.83, compared to a current price of $11.81 — trading 8% below its estimated fair value. The current Beneish M-Score is -0.78. Accel Entertainment's overall GF Score™ is 88/100 with 6 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 Accel Entertainment (ACEL), the current Beneish M-Score is -0.78 as of Aug. 27, 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 Accel Entertainment (ACEL) Overvalued in 2026?
Based on GuruFocus' analysis, Accel Entertainment stock appears to be undervalued.
The current stock price of $11.81 is trading 8% below its estimated GF Value™ of $12.83.
GuruFocus considers Accel Entertainment to be Fairly Valued.
Key valuation signals for ACEL:
Beneish M-Score: -0.78
GF Value™: $12.83 vs. price of $11.81 (8% below fair value)
No single metric tells the full story. See the ACEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Accel Entertainment Inc is a distributed gaming and local entertainment operator in the United States. It is engaged in the installation, maintenance, operation, and servicing of gaming terminals and related equipment, redemption devices that disburse winnings and contain automated teller machine (ATM) functionality, and amusement devices in authorized non-casino locations such as restaurants, bars, convenience stores, liquor stores, truck stops, and grocery stores. The Company also operates stand-alone ATMs in gaming and non-gaming locations. It generates revenue from Net gaming, Amusement, Manufacturing, ATM fees, and others.
88GF Score
Get the complete analysis for ACEL
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