Caesars Entertainment (BSP:C2ZR34) Beneish M-Score: -2.70 (As of Jun. 27, 2026)

What is Caesars Entertainment Beneish M-Score?

Caesars Entertainment BSP:C2ZR34 72 Beneish M-Score is -2.70 as of Jun. 27, 2026. GuruFocus rates BSP:C2ZR34 with a GF Score™ of 72/100 and a GF Value™ of R$16.96 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 824 Travel & Leisure companies, Caesars Entertainment ranks better than 57.16% 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 -2.7 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BSP:C2ZR34' s Beneish M-Score Range Over the Past 10 Years
Min: -3.11 Med: -2.42 Max: 4.28
Current: -2.7

During the past 13 years, the highest Beneish M-Score of Caesars Entertainment was 4.28. The lowest was -3.11. And the median was -2.42.

Caesars Entertainment Beneish M-Score Related Terms

Caesars Entertainment Beneish M-Score Historical Data

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The historical data trend for Caesars 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.

Caesars Entertainment Beneish M-Score Chart

Caesars Entertainment Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-1.72

-2.42

-2.61

-2.87

-2.70

Caesars Entertainment 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															-2.87	-2.80	-2.80	-2.70	-2.70

BSP:C2ZR34 vs BYD, MTN, HGV: Beneish M-Score Comparison

For the Resorts & Casinos subindustry, Caesars 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.

Caesars Entertainment Beneish M-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Caesars Entertainment's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Caesars Entertainment's Beneish M-Score falls into.

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72GF Score

Caesars Entertainment Inc BSP:C2ZR34

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Caesars Entertainment 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 Caesars Entertainment for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.938

0.528 * 1.0342

0.404 * 1.003

0.892 * 0.9705

0.115 * 0.9045

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9984

4.679 * -0.050662

0.327 * 1.0162

-2.80

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was R$2,306 Mil.
Revenue was 15008.952 + 15908.821 + 15386.447 + 16121.641 = R$62,426 Mil.
Gross Profit was 7546.313 + 7818.018 + 7577.919 + 8235.513 = R$31,178 Mil.
Total Current Assets was R$9,413 Mil.
Total Assets was R$165,590 Mil.
Property, Plant and Equipment(Net PPE) was R$74,433 Mil.
Depreciation, Depletion and Amortization(DDA) was R$7,598 Mil.
Selling, General, & Admin. Expense(SGA) was R$10,506 Mil.
Total Current Liabilities was R$11,076 Mil.
Long-Term Debt & Capital Lease Obligation was R$129,767 Mil.
Net Income was -512.501 + -1363.925 + -294.965 + -454.756 = R$-2,626 Mil.
Non Operating Income was -31.378 + -1063.861 + 48.267 + -183.011 = R$-1,230 Mil.
Cash Flow from Operations was 1066.838 + 1658.533 + 1705.434 + 2562.16 = R$6,993 Mil.

Total Receivables was R$2,534 Mil.
Revenue was 16088.131 + 17076.699 + 15915.637 + 15242.663 = R$64,323 Mil.
Gross Profit was 8130.437 + 8559.703 + 8411.918 + 8122.239 = R$33,224 Mil.
Total Current Assets was R$10,284 Mil.
Total Assets was R$186,551 Mil.
Property, Plant and Equipment(Net PPE) was R$84,448 Mil.
Depreciation, Depletion and Amortization(DDA) was R$7,722 Mil.
Selling, General, & Admin. Expense(SGA) was R$10,843 Mil.
Total Current Liabilities was R$12,311 Mil.
Long-Term Debt & Capital Lease Obligation was R$143,837 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)
	=	(2306.254 / 62425.861)	/	(2533.564 / 64323.13)
	=	0.036944	/	0.039388
	=	0.938

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)
	=	(33224.297 / 64323.13)	/	(31177.763 / 62425.861)
	=	0.516522	/	0.499437
	=	1.0342

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 - (9413.28 + 74432.897) / 165590.054)	/	(1 - (10283.967 + 84448.295) / 186550.924)
	=	0.493652	/	0.492191
	=	1.003

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
	=	62425.861	/	64323.13
	=	0.9705

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))
	=	(7721.679 / (7721.679 + 84448.295))	/	(7597.879 / (7597.879 + 74432.897))
	=	0.083777	/	0.092622
	=	0.9045

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)
	=	(10506.497 / 62425.861)	/	(10842.944 / 64323.13)
	=	0.168304	/	0.16857
	=	0.9984

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)
	=	((129767.294 + 11076.293) / 165590.054)	/	((143837.338 + 12310.818) / 186550.924)
	=	0.850556	/	0.837027
	=	1.0162

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
	=	(-2626.147 - -1229.983	-	6992.965)	/	165590.054
	=	-0.050662

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.

Caesars Entertainment has a M-score of -2.80 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 -2.70 mean?

Caesars Entertainment (BSP:C2ZR34) has a Beneish M-Score of -2.70 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Caesars Entertainment and its competitors. According to the industry distribution chart, Caesars Entertainment ranks #353 out of 824 companies in the Travel & Leisure industry, placing it in the top 42.8%.

Is Caesars Entertainment's Beneish M-Score too high?

Caesars Entertainment's current Beneish M-Score is -2.70. Based on the distribution chart, Caesars Entertainment ranks #353 out of 824 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Caesars Entertainment has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Caesars Entertainment's Beneish M-Score compare to BYD and MTN?

According to the Travel & Leisure industry distribution chart, Caesars Entertainment ranks #353 out of 824 companies for Beneish M-Score. This puts Caesars Entertainment 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 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 Caesars Entertainment and its competitors. Caesars Entertainment's current Beneish M-Score is -2.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Caesars Entertainment stock overvalued right now?

Based on GuruFocus' analysis, Caesars Entertainment (BSP:C2ZR34) is currently considered Modestly Undervalued. The stock's GF Value™ is R$16.96, compared to a current price of R$13.31 — trading 21.5% below its estimated fair value. The current Beneish M-Score is -2.70. Caesars Entertainment's overall GF Score™ is 72/100 with 8 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 Caesars Entertainment (BSP:C2ZR34), the current Beneish M-Score is -2.70 as of Jun. 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 Caesars Entertainment (BSP:C2ZR34) Overvalued in 2026?

Based on GuruFocus' analysis, Caesars Entertainment stock appears to be undervalued. The current stock price of R$13.31 is trading 21.5% below its estimated GF Value™ of R$16.96. GuruFocus considers Caesars Entertainment to be Modestly Undervalued.

Key valuation signals for BSP:C2ZR34:

Beneish M-Score: -2.70
GF Value™: R$16.96 vs. price of R$13.31 (21.5% below fair value)
GF Score™: 72/100 with 8 warning signs

No single metric tells the full story. See the BSP:C2ZR34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Caesars Entertainment Business Description

Industry Consumer Cyclical Travel & Leisure

Comparable Companies BYD MTN HGV RRR VAC PENN MCRI WYNN BALY MGM LVS HKSE:00027 HKSE:01928 STC:VPL SGX:G13 HKSE:02282 XPAR:BAIN HKSE:01128 BOM:544325 XKLS:4715

Other Exchanges CZR:USA CZR1:Mexico 0A78:UK 2ER:Germany

Address 100 West Liberty Street, 12th Floor, Reno, NV, USA, 89501

Website https://www.caesars.com

Caesars Entertainment's stand-alone portfolio includes about 50 domestic gaming properties across the Las Vegas (48% of 2025 EBITDAR) and regional (49%) markets. Additionally, the company hosts managed properties and digital assets that produced marginal EBITDA in 2025. Caesars' US presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the US portion of William Hill (it sold the international operation in 2022), a digital sports betting platform. The portfolio is set to expand to more than 60 casinos with the proposed acquisition of Caesars by Fertitta Entertainment and its Golden Nugget resorts.

72GF Score

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

R$13.31

Price

R$16.96

GF Value

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