W.W. Grainger (BSP:G1WW34) Beneish M-Score: -2.53 (As of Aug. 01, 2026)

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BSP:G1WW34 W.W. Grainger Inc BSP:G1WW34
82 GF Score
Price R$178.76
GF Value R$145.17
Valuation Modestly Overvalued
! 7 Warning Signs
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What is W.W. Grainger Beneish M-Score?

W.W. Grainger BSP:G1WW34 82 Beneish M-Score is -2.53 as of Aug. 01, 2026. GuruFocus rates BSP:G1WW34 with a GF Score™ of 82/100 and a GF Value™ of R$145.17 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 152 Industrial Distribution companies, W.W. Grainger ranks worse than 57.89% 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 -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BSP:G1WW34' s Beneish M-Score Range Over the Past 10 Years
Min: -2.96   Med: -2.63   Max: -2.16
Current: -2.53

During the past 13 years, the highest Beneish M-Score of W.W. Grainger was -2.16. The lowest was -2.96. And the median was -2.63.


W.W. Grainger Beneish M-Score Historical Data

* Premium members only.

The historical data trend for W.W. Grainger'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.

W.W. Grainger Beneish M-Score Chart

W.W. Grainger 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 -2.26 -2.24 -2.58 -2.62 -2.55

W.W. Grainger 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 -2.58 -2.49 -2.58 -2.55 -2.53

BSP:G1WW34 vs FAST, FERG, WCC: Beneish M-Score Comparison

For the Industrial Distribution subindustry, W.W. Grainger'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.


W.W. Grainger Beneish M-Score vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, W.W. Grainger's Beneish M-Score distribution charts can be found below:

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


BSP:G1WW34
82GF Score
W.W. Grainger Inc BSP:G1WW34
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

W.W. Grainger 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 W.W. Grainger 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 * 0.9967+0.528 * 1.008+0.404 * 1.0033+0.892 * 1.0105+0.115 * 1.0456
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0321+4.679 * -0.035725-0.327 * 0.9718
=-2.63

* 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 R$13,738 Mil.
Revenue was 24798.763 + 24141.472 + 24975.491 + 25255.573 = R$99,171 Mil.
Gross Profit was 9915.322 + 9525.652 + 9642.674 + 9732.879 = R$38,817 Mil.
Total Current Assets was R$30,891 Mil.
Total Assets was R$49,540 Mil.
Property, Plant and Equipment(Net PPE) was R$14,125 Mil.
Depreciation, Depletion and Amortization(DDA) was R$1,377 Mil.
Selling, General, & Admin. Expense(SGA) was R$24,710 Mil.
Total Current Liabilities was R$11,500 Mil.
Long-Term Debt & Capital Lease Obligation was R$14,162 Mil.
Net Income was 2902.428 + 2460.521 + 1576.722 + 2673.076 = R$9,613 Mil.
Non Operating Income was 15.689 + 32.734 + 5.363 + 16.637 = R$70 Mil.
Cash Flow from Operations was 3864.674 + 2155.001 + 3201.711 + 2090.767 = R$11,312 Mil.
Total Receivables was R$13,641 Mil.
Revenue was 24794.379 + 25825.533 + 24299.866 + 23224.863 = R$98,145 Mil.
Gross Profit was 9846.351 + 10225.276 + 9525.016 + 9124.053 = R$38,721 Mil.
Total Current Assets was R$31,842 Mil.
Total Assets was R$49,854 Mil.
Property, Plant and Equipment(Net PPE) was R$13,474 Mil.
Depreciation, Depletion and Amortization(DDA) was R$1,379 Mil.
Selling, General, & Admin. Expense(SGA) was R$23,695 Mil.
Total Current Liabilities was R$11,614 Mil.
Long-Term Debt & Capital Lease Obligation was R$14,960 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)
=(13738.159 / 99171.299) / (13640.939 / 98144.641)
=0.13853 / 0.138988
=0.9967

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)
=(38720.696 / 98144.641) / (38816.527 / 99171.299)
=0.394527 / 0.391409
=1.008

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 - (30891.247 + 14125.15) / 49540.001) / (1 - (31842.293 + 13473.954) / 49853.63)
=0.091312 / 0.091014
=1.0033

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
=99171.299 / 98144.641
=1.0105

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))
=(1379.402 / (1379.402 + 13473.954)) / (1376.926 / (1376.926 + 14125.15))
=0.092868 / 0.088822
=1.0456

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)
=(24709.995 / 99171.299) / (23694.811 / 98144.641)
=0.249165 / 0.241427
=1.0321

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)
=((14161.757 + 11499.89) / 49540.001) / ((14959.544 + 11614.088) / 49853.63)
=0.517999 / 0.533033
=0.9718

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
=(9612.747 - 70.423 - 11312.153) / 49540.001
=-0.035725

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.

W.W. Grainger has a M-score of -2.63 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 -2.53 mean?
W.W. Grainger (BSP:G1WW34) has a Beneish M-Score of -2.53 as of Aug. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on W.W. Grainger and its competitors. According to the industry distribution chart, W.W. Grainger ranks #88 out of 152 companies in the Industrial Distribution industry, placing it in the top 57.9%.
Is W.W. Grainger's Beneish M-Score too high?
W.W. Grainger's current Beneish M-Score is -2.53. Based on the distribution chart, W.W. Grainger ranks #88 out of 152 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, W.W. Grainger has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does W.W. Grainger's Beneish M-Score compare to FAST and FERG?
According to the Industrial Distribution industry distribution chart, W.W. Grainger ranks #88 out of 152 companies for Beneish M-Score. This places W.W. Grainger 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 Industrial Distribution company?
A good Beneish M-Score depends on the Industrial Distribution 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 W.W. Grainger and its competitors. W.W. Grainger's current Beneish M-Score is -2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is W.W. Grainger stock overvalued right now?
Based on GuruFocus' analysis, W.W. Grainger (BSP:G1WW34) is currently considered Modestly Overvalued. The stock's GF Value™ is R$145.17, compared to a current price of R$178.76 — trading 23.1% above its estimated fair value. The current Beneish M-Score is -2.53. W.W. Grainger's overall GF Score™ is 82/100 with 7 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 W.W. Grainger (BSP:G1WW34), the current Beneish M-Score is -2.53 as of Aug. 01, 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 W.W. Grainger (BSP:G1WW34) Overvalued in 2026?

Based on GuruFocus' analysis, W.W. Grainger stock appears to be overvalued. The current stock price of R$178.76 is trading 23.1% above its estimated GF Value™ of R$145.17. GuruFocus considers W.W. Grainger to be Modestly Overvalued.

Key valuation signals for BSP:G1WW34:

  • Beneish M-Score: -2.53
  • GF Value™: R$145.17 vs. price of R$178.76 (23.1% above fair value)
  • GF Score™: 82/100 with 7 warning signs

No single metric tells the full story. See the BSP:G1WW34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


W.W. Grainger Business Description

Address 100 Grainger Parkway, Lake Forest, IL, USA, 60045-5201
Founded in 1927, W.W. Grainger originally distributed various motors via a mail-order catalogue. Over the course of the 20th century, the firm expanded into new industrial product categories and launched its first digital catalogue in 1995. Today, the company organizes itself into two segments focused on different customer bases. Its larger segment, high-touch solutions, offers a vast array of maintenance, repair, and operations, or MRO, supplies and bespoke inventory management services to larger businesses. Its smaller segment, endless assortment, operates two online platforms, Zoro and MonotaRO, that offer comprehensive catalogues of MRO supplies to smaller businesses. Grainger has operations throughout the world but primarily generates sales within the US.
82GF Score

Get the complete analysis for BSP:G1WW34

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

R$178.76
Price
R$145.17
GF Value