BMBN (Benchmark Bankshares) Beneish M-Score: -2.08 (As of Jul. 31, 2026)

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BMBN Benchmark Bankshares Inc BMBN
65 GF Score
Price $43.00
GF Value $32.35
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Benchmark Bankshares Beneish M-Score?

Benchmark Bankshares BMBN 65 Beneish M-Score is -2.08 as of Jul. 31, 2026. GuruFocus rates BMBN with a GF Score™ of 65/100 and a GF Value™ of $32.35 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,392 Banks companies, Benchmark Bankshares ranks worse than 88.43% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -2.08 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BMBN' s Beneish M-Score Range Over the Past 10 Years
Min: -2.4   Med: -2.2   Max: -2.01
Current: -2.08

During the past 13 years, the highest Beneish M-Score of Benchmark Bankshares was -2.01. The lowest was -2.40. And the median was -2.20.

BMBN
65GF Score
Benchmark Bankshares Inc BMBN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Benchmark Bankshares 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 Benchmark Bankshares 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 * 0.9416+0.528 * 1+0.404 * 1.0007+0.892 * 1.1576+0.115 * 1.0587
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.003994-0.327 * 0
=-2.08

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was $4.40 Mil.
Revenue was $66.35 Mil.
Gross Profit was $66.35 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $1,366.27 Mil.
Property, Plant and Equipment(Net PPE) was $24.57 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.73 Mil.
Selling, General, & Admin. Expense(SGA) was $0.00 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was $19.84 Mil.
Gross Profit was $0.00 Mil.
Cash Flow from Operations was $25.30 Mil.
 Total Receivables was $4.03 Mil.
Revenue was $57.31 Mil.
Gross Profit was $57.31 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $1,223.59 Mil.
Property, Plant and Equipment(Net PPE) was $22.88 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.71 Mil.
Selling, General, & Admin. Expense(SGA) was $0.00 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.79 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)
=(4.395 / 66.346) / (4.032 / 57.313)
=0.066244 / 0.070351
=0.9416

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)
=(57.313 / 57.313) / (66.346 / 66.346)
=1 / 1
=1

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 - (0 + 24.567) / 1366.268) / (1 - (0 + 22.881) / 1223.588)
=0.982019 / 0.9813
=1.0007

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
=66.346 / 57.313
=1.1576

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))
=(1.711 / (1.711 + 22.881)) / (1.728 / (1.728 + 24.567))
=0.069575 / 0.065716
=1.0587

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)
=(0 / 66.346) / (0 / 57.313)
=0 / 0
=1

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)
=((0 + 0) / 1366.268) / ((0.79 + 0) / 1223.588)
=0 / 0.000646
=0

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
=(19.844 - 0 - 25.301) / 1366.268
=-0.003994

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.

Benchmark Bankshares has a M-score of -2.08 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 -2.08 mean?
Benchmark Bankshares (BMBN) has a Beneish M-Score of -2.08 as of Jul. 31, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Benchmark Bankshares and its competitors. According to the industry distribution chart, Benchmark Bankshares ranks #1231 out of 1392 companies in the Banks industry, placing it in the top 88.4%.
Is Benchmark Bankshares' Beneish M-Score too high?
Benchmark Bankshares' current Beneish M-Score is -2.08. Based on the distribution chart, Benchmark Bankshares ranks #1231 out of 1392 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Benchmark Bankshares has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Benchmark Bankshares' Beneish M-Score compare to EBMT and LYBC?
According to the Banks industry distribution chart, Benchmark Bankshares ranks #1231 out of 1392 companies for Beneish M-Score. This places Benchmark Bankshares 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Benchmark Bankshares and its competitors. Benchmark Bankshares's current Beneish M-Score is -2.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Benchmark Bankshares stock overvalued right now?
Based on GuruFocus' analysis, Benchmark Bankshares (BMBN) is currently considered Significantly Overvalued. The stock's GF Value™ is $32.35, compared to a current price of $43.00 — trading 32.9% above its estimated fair value. The current Beneish M-Score is -2.08. Benchmark Bankshares' overall GF Score™ is 65/100 with 5 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 Benchmark Bankshares (BMBN), the current Beneish M-Score is -2.08 as of Jul. 31, 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 Benchmark Bankshares (BMBN) Overvalued in 2026?

Based on GuruFocus' analysis, Benchmark Bankshares stock appears to be overvalued. The current stock price of $43.00 is trading 32.9% above its estimated GF Value™ of $32.35. GuruFocus considers Benchmark Bankshares to be Significantly Overvalued.

Key valuation signals for BMBN:

  • Beneish M-Score: -2.08
  • GF Value™: $32.35 vs. price of $43.00 (32.9% above fair value)
  • GF Score™: 65/100 with 5 warning signs

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

Benchmark Bankshares Business Description

Address 100 South Broad Street, P.O. Box 569, Kenbridge, VA, USA, 23944
Benchmark Bankshares Inc is a bank holding company for Benchmark Community Bank, which offers a wide range of banking and related financial services to individuals and small to medium-sized businesses through offices located in Virginia and North Carolina. The bank provides personal account services, business account services, loan products, internet banking services, mobile banking services, debit cards, money management services, mortgage services, credit card facilities, and other related services.
65GF Score

Get the complete analysis for BMBN

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

$43.00
Price
$32.35
GF Value