BCG (Binah Capital Group) Beneish M-Score: -1.90 (As of Jun. 24, 2026)


BCG Binah Capital Group Inc BCG
28 GF Score
Price $1.53
! 1 Warning Sign
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What is Binah Capital Group Beneish M-Score?

Binah Capital Group BCG -3.16% 28 Beneish M-Score is -1.90 as of Jun. 24, 2026. GuruFocus rates BCG with a GF Score™ of 28/100. The stock has 1 warning sign investors should review. Among 955 Asset Management companies, Binah Capital Group ranks worse than 62.62% 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 -1.9 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BCG' s Beneish M-Score Range Over the Past 10 Years
Min: -2.62   Med: -2.17   Max: -1.9
Current: -1.9

During the past 6 years, the highest Beneish M-Score of Binah Capital Group was -1.90. The lowest was -2.62. And the median was -2.17.


Binah Capital Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Binah Capital Group'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.

Binah Capital Group Beneish M-Score Chart

Binah Capital Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 0.00 -2.42 -1.92

Binah Capital Group Quarterly Data
Dec20 Dec21 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 -2.23 -2.10 -2.10 -1.92 -1.90

BCG vs BMNM, NOM, CIF: Beneish M-Score Comparison

For the Asset Management subindustry, Binah Capital Group'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.


Binah Capital Group Beneish M-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Binah Capital Group's Beneish M-Score distribution charts can be found below:

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


BCG
28GF Score
Binah Capital Group Inc BCG
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Binah Capital Group 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 Binah Capital Group 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 * 1.0853+0.528 * 1.0436+0.404 * 0.9668+0.892 * 1.0504+0.115 * 1.1685
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7497+4.679 * 0.077895-0.327 * 0.9519
=-1.90

* 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 $13.5 Mil.
Revenue was 47.065 + 48.587 + 44.777 + 40.625 = $181.1 Mil.
Gross Profit was 3.626 + 4.621 + 2.896 + 2.959 = $14.1 Mil.
Total Current Assets was $24.0 Mil.
Total Assets was $71.3 Mil.
Property, Plant and Equipment(Net PPE) was $3.5 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.7 Mil.
Selling, General, & Admin. Expense(SGA) was $3.4 Mil.
Total Current Liabilities was $25.0 Mil.
Long-Term Debt & Capital Lease Obligation was $25.8 Mil.
Net Income was 1.901 + 0.167 + 1.76 + -0.654 = $3.2 Mil.
Non Operating Income was -0.328 + -4.635 + -0.071 + -1.977 = $-7.0 Mil.
Cash Flow from Operations was 0.538 + 3.103 + 0.931 + 0.063 = $4.6 Mil.
Total Receivables was $11.8 Mil.
Revenue was 48.057 + 43.305 + 41.027 + 39.983 = $172.4 Mil.
Gross Profit was 3.408 + 4.308 + 3.258 + 3.037 = $14.0 Mil.
Total Current Assets was $20.7 Mil.
Total Assets was $67.9 Mil.
Property, Plant and Equipment(Net PPE) was $4.1 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.9 Mil.
Selling, General, & Admin. Expense(SGA) was $4.3 Mil.
Total Current Liabilities was $22.8 Mil.
Long-Term Debt & Capital Lease Obligation was $28.1 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)
=(13.497 / 181.054) / (11.84 / 172.372)
=0.074547 / 0.068689
=1.0853

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)
=(14.011 / 172.372) / (14.102 / 181.054)
=0.081284 / 0.077888
=1.0436

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 - (24.023 + 3.458) / 71.25) / (1 - (20.661 + 4.085) / 67.877)
=0.614302 / 0.635429
=0.9668

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
=181.054 / 172.372
=1.0504

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))
=(0.931 / (0.931 + 4.085)) / (0.653 / (0.653 + 3.458))
=0.185606 / 0.158842
=1.1685

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)
=(3.394 / 181.054) / (4.31 / 172.372)
=0.018746 / 0.025004
=0.7497

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)
=((25.799 + 25.032) / 71.25) / ((28.079 + 22.792) / 67.877)
=0.713418 / 0.749459
=0.9519

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
=(3.174 - -7.011 - 4.635) / 71.25
=0.077895

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.

Binah Capital Group has a M-score of -1.90 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 -1.90 mean?
Binah Capital Group (BCG) has a Beneish M-Score of -1.90 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Binah Capital Group and its competitors. According to the industry distribution chart, Binah Capital Group ranks #598 out of 955 companies in the Asset Management industry, placing it in the top 62.6%.
Is Binah Capital Group's Beneish M-Score too high?
Binah Capital Group's current Beneish M-Score is -1.90. Based on the distribution chart, Binah Capital Group ranks #598 out of 955 companies in the Asset Management industry, which is below the industry midpoint. Overall, Binah Capital Group has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Binah Capital Group's Beneish M-Score compare to BMNM and NOM?
According to the Asset Management industry distribution chart, Binah Capital Group ranks #598 out of 955 companies for Beneish M-Score. This places Binah Capital Group 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 an Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 Binah Capital Group and its competitors. Binah Capital Group's current Beneish M-Score is -1.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Binah Capital Group stock overvalued right now?
Binah Capital Group (BCG) has a current Beneish M-Score of -1.90. The current Beneish M-Score is -1.90. Binah Capital Group's overall GF Score™ is 28/100 with 1 warning sign 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 Binah Capital Group (BCG), the current Beneish M-Score is -1.90 as of Jun. 24, 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.

Binah Capital Group Business Description

Other Exchanges O1Y:Germany
Address 80 State Street, Albany, NY, USA, 12207
Binah Capital Group Inc formerly Wentworth Management Services LLC is a holding company that acquires and manages businesses in the wealth management industry. The company specializes in consolidating independent broker-dealers to capture economies of scale needed to service financial advisors in today's technology-enabled regulatory environment. Wentworth's core philosophy focuses on building long-term, productive relationships with its advisor base.
28GF 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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