AREB (American Rebel Holdings) Beneish M-Score: -1.88 (As of Jun. 25, 2026)


AREB American Rebel Holdings Inc AREB
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What is American Rebel Holdings Beneish M-Score?

American Rebel Holdings AREB +7.20% 10 Beneish M-Score is -1.88 as of Jun. 25, 2026. GuruFocus rates AREB with a GF Score™ of 10/100. The stock has 6 warning signs investors should review. Among 1,003 Manufacturing - Apparel & Accessories companies, American Rebel Holdings ranks worse than 78.56% 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 -1.88 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

AREB' s Beneish M-Score Range Over the Past 10 Years
Min: -143.37   Med: -4.49   Max: 57.18
Current: -1.88

During the past 12 years, the highest Beneish M-Score of American Rebel Holdings was 57.18. The lowest was -143.37. And the median was -4.49.


American Rebel Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for American Rebel Holdings'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.

American Rebel Holdings Beneish M-Score Chart

American Rebel Holdings 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 0.00 0.00 -4.01 -14.22 -1.59

American Rebel Holdings 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 -10.75 -7.14 -3.39 -1.59 -1.88

AREB vs SKFG, AHRO, NKE: Beneish M-Score Comparison

For the Footwear & Accessories subindustry, American Rebel Holdings'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.


American Rebel Holdings Beneish M-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, American Rebel Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where American Rebel Holdings's Beneish M-Score falls into.


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American Rebel Holdings Inc AREB
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American Rebel Holdings 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 American Rebel Holdings 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 * 0.5959+0.528 * 0.6941+0.404 * 6.3097+0.892 * 0.91+0.115 * 6.8942
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.3835+4.679 * -0.370525-0.327 * 0.4197
=-1.88

* 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 $0.69 Mil.
Revenue was 1.985 + 2.291 + 1.878 + 2.843 = $9.00 Mil.
Gross Profit was -0.394 + -0.258 + -0.198 + -0.031 = $-0.88 Mil.
Total Current Assets was $5.54 Mil.
Total Assets was $30.72 Mil.
Property, Plant and Equipment(Net PPE) was $16.44 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.24 Mil.
Selling, General, & Admin. Expense(SGA) was $14.73 Mil.
Total Current Liabilities was $22.24 Mil.
Long-Term Debt & Capital Lease Obligation was $1.30 Mil.
Net Income was -6.842 + -5.898 + -5.23 + -18.138 = $-36.11 Mil.
Non Operating Income was -1.353 + -0.937 + -1.221 + -13.51 = $-17.02 Mil.
Cash Flow from Operations was -1.025 + -2.255 + -1.61 + -2.813 = $-7.70 Mil.
Total Receivables was $1.28 Mil.
Revenue was 2.511 + 1.783 + 2.338 + 3.255 = $9.89 Mil.
Gross Profit was 0.289 + -0.494 + -0.498 + 0.031 = $-0.67 Mil.
Total Current Assets was $6.19 Mil.
Total Assets was $9.71 Mil.
Property, Plant and Equipment(Net PPE) was $3.08 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.35 Mil.
Selling, General, & Admin. Expense(SGA) was $11.70 Mil.
Total Current Liabilities was $15.64 Mil.
Long-Term Debt & Capital Lease Obligation was $2.08 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)
=(0.693 / 8.997) / (1.278 / 9.887)
=0.077026 / 0.129261
=0.5959

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)
=(-0.672 / 9.887) / (-0.881 / 8.997)
=-0.067968 / -0.097922
=0.6941

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 - (5.539 + 16.436) / 30.724) / (1 - (6.191 + 3.076) / 9.705)
=0.284761 / 0.045131
=6.3097

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
=8.997 / 9.887
=0.91

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))
=(0.345 / (0.345 + 3.076)) / (0.244 / (0.244 + 16.436))
=0.100848 / 0.014628
=6.8942

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)
=(14.729 / 8.997) / (11.699 / 9.887)
=1.637101 / 1.183271
=1.3835

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)
=((1.302 + 22.237) / 30.724) / ((2.078 + 15.639) / 9.705)
=0.766144 / 1.825554
=0.4197

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
=(-36.108 - -17.021 - -7.703) / 30.724
=-0.370525

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.

American Rebel Holdings has a M-score of -1.88 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 -1.88 mean?
American Rebel Holdings (AREB) has a Beneish M-Score of -1.88 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on American Rebel Holdings and its competitors. According to the industry distribution chart, American Rebel Holdings ranks #788 out of 1003 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 78.6%.
Is American Rebel Holdings' Beneish M-Score too high?
American Rebel Holdings' current Beneish M-Score is -1.88. Based on the distribution chart, American Rebel Holdings ranks #788 out of 1003 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, American Rebel Holdings has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does American Rebel Holdings' Beneish M-Score compare to SKFG and AHRO?
According to the Manufacturing - Apparel & Accessories industry distribution chart, American Rebel Holdings ranks #788 out of 1003 companies for Beneish M-Score. This places American Rebel Holdings 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 American Rebel Holdings and its competitors. American Rebel Holdings's current Beneish M-Score is -1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Rebel Holdings stock overvalued right now?
American Rebel Holdings (AREB) has a current Beneish M-Score of -1.88. The current Beneish M-Score is -1.88. American Rebel Holdings' overall GF Score™ is 10/100 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 American Rebel Holdings (AREB), the current Beneish M-Score is -1.88 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.

American Rebel Holdings Business Description

Address 218 3rd Avenue North, Suite 400, Nashville, TN, USA, 37201
American Rebel Holdings Inc develops self-defense, safe storage, and patriotic product areas using a wholesale distribution network, utilizing personal appearances, musical venue performances, as well as e-commerce and television. It designs, manufactures, and markets concealed carry products. It offers products ranging from backpacks, jackets, coats, and others. The company views its operations and manages its business as one operating segment engaged in patriotic goods, comprised of safes, soft goods, and beer.
10GF Score

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

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