CBK (Commercial Bancgroup) Beneish M-Score: -2.76 (As of Aug. 27, 2026)

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CBK Commercial Bancgroup Inc CBK
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Price $33.84
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What is Commercial Bancgroup Beneish M-Score?

Commercial Bancgroup CBK +0.09% 10 Beneish M-Score is -2.76 as of Aug. 27, 2026. GuruFocus rates CBK with a GF Score™ of 10/100. The stock has 5 warning signs investors should review. Among 1,391 Banks companies, Commercial Bancgroup ranks better than 88.35% 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 -2.76 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

CBK' s Beneish M-Score Range Over the Past 10 Years
Min: -2.76   Med: -2.6   Max: -2.45
Current: -2.76

During the past 3 years, the highest Beneish M-Score of Commercial Bancgroup was -2.45. The lowest was -2.76. And the median was -2.60.

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Commercial Bancgroup Inc CBK
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Commercial Bancgroup 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 Commercial Bancgroup 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 * 0.947+0.528 * 1+0.404 * 1.0012+0.892 * 1.0627+0.115 * 0.6604
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8629+4.679 * -0.000647-0.327 * 1.8308
=-2.76

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was $7.13 Mil.
Revenue was 24.136 + 23.069 + 23.435 + 22.827 = $93.47 Mil.
Gross Profit was 24.136 + 23.069 + 23.435 + 22.827 = $93.47 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $2,376.58 Mil.
Property, Plant and Equipment(Net PPE) was $50.15 Mil.
Depreciation, Depletion and Amortization(DDA) was $3.83 Mil.
Selling, General, & Admin. Expense(SGA) was $23.83 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $161.19 Mil.
Net Income was 10.216 + 9.534 + 10.139 + 9.466 = $39.36 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was 10.055 + 13.352 + 9.101 + 8.385 = $40.89 Mil.
 Total Receivables was $7.08 Mil.
Revenue was 22.251 + 21.81 + 22.419 + 21.475 = $87.96 Mil.
Gross Profit was 22.251 + 21.81 + 22.419 + 21.475 = $87.96 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $2,262.51 Mil.
Property, Plant and Equipment(Net PPE) was $50.34 Mil.
Depreciation, Depletion and Amortization(DDA) was $2.48 Mil.
Selling, General, & Admin. Expense(SGA) was $25.98 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $83.82 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)
=(7.129 / 93.467) / (7.084 / 87.955)
=0.076273 / 0.080541
=0.947

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)
=(87.955 / 87.955) / (93.467 / 93.467)
=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 + 50.145) / 2376.584) / (1 - (0 + 50.337) / 2262.511)
=0.9789 / 0.977752
=1.0012

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
=93.467 / 87.955
=1.0627

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))
=(2.475 / (2.475 + 50.337)) / (3.83 / (3.83 + 50.145))
=0.046864 / 0.070959
=0.6604

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)
=(23.826 / 93.467) / (25.983 / 87.955)
=0.254913 / 0.295412
=0.8629

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)
=((161.189 + 0) / 2376.584) / ((83.818 + 0) / 2262.511)
=0.067824 / 0.037046
=1.8308

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
=(39.355 - 0 - 40.893) / 2376.584
=-0.000647

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.

Commercial Bancgroup has a M-score of -2.76 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 -2.76 mean?
Commercial Bancgroup (CBK) has a Beneish M-Score of -2.76 as of Aug. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Commercial Bancgroup and its competitors. According to the industry distribution chart, Commercial Bancgroup ranks #162 out of 1391 companies in the Banks industry, placing it in the top 11.6%.
Is Commercial Bancgroup's Beneish M-Score too high?
Commercial Bancgroup's current Beneish M-Score is -2.76. Based on the distribution chart, Commercial Bancgroup ranks #162 out of 1391 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Commercial Bancgroup has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Commercial Bancgroup's Beneish M-Score compare to FRBA and GBFH?
According to the Banks industry distribution chart, Commercial Bancgroup ranks #162 out of 1391 companies for Beneish M-Score. This places Commercial Bancgroup in the top 12% of its industry — outperforming the majority of peers. 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 Commercial Bancgroup and its competitors. Commercial Bancgroup's current Beneish M-Score is -2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Commercial Bancgroup stock overvalued right now?
Commercial Bancgroup (CBK) has a current Beneish M-Score of -2.76. The current Beneish M-Score is -2.76. Commercial Bancgroup's overall GF Score™ is 10/100 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 Commercial Bancgroup (CBK), the current Beneish M-Score is -2.76 as of Aug. 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.

Commercial Bancgroup Business Description

Address 6710 Cumberland Gap Parkway, Harrogate, TN, USA, 37752
Commercial Bancgroup Inc is a bank holding company. Through its subsidiary, it operates as a full-service community banking institution offering traditional consumer and commercial products and services to businesses and individuals in select markets in Kentucky, North Carolina, and Tennessee. In Tennessee, its service areas include the metropolitan statistical areas of Nashville Davidson, Murfreesboro, Franklin, Knoxville, and the Tri Cities region of Kingsport, Bristol, and Johnson City, as well as Claiborne County, Cocke County, Union County, Hamblen County, and their surrounding areas.
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