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 -1.86 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for GAMCO Investors's Beneish M-Score or its related term are showing as below:
GAMI'
s Beneish M-Score Range Over the Past 10 Years
Min: -5.64 Med: -2.43 Max: -0.99
Current: -1.86
During the past 13 years, the highest Beneish M-Score of GAMCO Investors was -0.99. The lowest was -5.64. And the median was -2.43.
GAMCO Investors Beneish M-Score Related Terms
GAMCO Investors Beneish M-Score Historical Data
* Premium members only.
The historical data trend for GAMCO Investors'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.
For the Asset Management subindustry, GAMCO Investors'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.
GAMCO Investors Beneish M-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, GAMCO Investors's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where GAMCO Investors's Beneish M-Score falls into.
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 GAMCO Investors 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 * 1.158
+
0.528 * 1.0463
+
0.404 * 1.4077
+
0.892 * 1.0827
+
0.115 * 0.245
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9818
+
4.679 * 0.058639
-
0.327 * 0.9261
=
-1.86
* 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.
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.
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))
=
(0.854 / (0.854 + 2.632))
/
(1.36 / (1.36 + 0))
=
0.24498
/
1
=
0.245
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
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
=
(66.85 - 0
-
51.919)
/
254.625
=
0.058639
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.
GAMCO Investors has a M-score of -1.86 suggests that the company is unlikely to be a manipulator.
GAMCO Investors (GAMI) has a Beneish M-Score of -1.86 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on GAMCO Investors and its competitors. According to the industry distribution chart, GAMCO Investors ranks #610 out of 955 companies in the Asset Management industry, placing it in the top 63.9%.
Is GAMCO Investors' Beneish M-Score too high?
GAMCO Investors' current Beneish M-Score is -1.86. Based on the distribution chart, GAMCO Investors ranks #610 out of 955 companies in the Asset Management industry, which is below the industry midpoint. Overall, GAMCO Investors has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GAMCO Investors' Beneish M-Score compare to IFN and HPS?
According to the Asset Management industry distribution chart, GAMCO Investors ranks #610 out of 955 companies for Beneish M-Score. This places GAMCO Investors 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 GAMCO Investors and its competitors. GAMCO Investors's current Beneish M-Score is -1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GAMCO Investors stock overvalued right now?
Based on GuruFocus' analysis, GAMCO Investors (GAMI) is currently considered Modestly Undervalued. The stock's GF Value™ is $27.15, compared to a current price of $23.65 — trading 12.9% below its estimated fair value. The current Beneish M-Score is -1.86. GAMCO Investors' overall GF Score™ is 73/100 with 2 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 GAMCO Investors (GAMI), the current Beneish M-Score is -1.86 as of Jun. 25, 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 GAMCO Investors (GAMI) Overvalued in 2026?
Based on GuruFocus' analysis, GAMCO Investors stock appears to be undervalued.
The current stock price of $23.65 is trading 12.9% below its estimated GF Value™ of $27.15.
GuruFocus considers GAMCO Investors to be Modestly Undervalued.
Key valuation signals for GAMI:
Beneish M-Score: -1.86
GF Value™: $27.15 vs. price of $23.65 (12.9% below fair value)
No single metric tells the full story. See the GAMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GAMCO Investors Inc is a provider of Investment Advisory services to open-end funds, closed-end funds, Exchange Traded Managed Funds (ETMFs), and institutional and private wealth management investors principally in the United States. The company invests in a variety of U.S. and international securities through various investment styles including value, growth, non-market correlated, and convertible securities. Its revenues are based on the company's levels of assets under management (AUM) and fees associated with its various investment products. Its AUM is organized into three groups; Open and Closed-End Funds; Institutional and Private Wealth Management; and SICAV.
73GF Score
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