GBFH (GBank Financial Holdings) Beneish M-Score: -2.28 (As of Jun. 30, 2026)


GBFH GBank Financial Holdings Inc GBFH
68 GF Score
Price $30.52
GF Value $29.33
Valuation Fairly Valued
! 1 Warning Sign
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What is GBank Financial Holdings Beneish M-Score?

GBank Financial Holdings GBFH -0.03% 68 Beneish M-Score is -2.28 as of Jun. 30, 2026. GuruFocus rates GBFH with a GF Score™ of 68/100 and a GF Value™ of $29.33 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,399 Banks companies, GBank Financial Holdings ranks worse than 69.91% 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 -2.28 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

GBFH' s Beneish M-Score Range Over the Past 10 Years
Min: -3.23   Med: -2.28   Max: -1.27
Current: -2.28

During the past 9 years, the highest Beneish M-Score of GBank Financial Holdings was -1.27. The lowest was -3.23. And the median was -2.28.

GBFH
68GF Score
GBank Financial Holdings Inc GBFH
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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GBank Financial Holdings 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 GBank Financial Holdings 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+0.528 * 1+0.404 * 1.0012+0.892 * 1.1743+0.115 * 0.8756
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0218+4.679 * 0.008983-0.327 * 0.9458
=-2.28

* 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 $0.00 Mil.
Revenue was 19.186 + 19.95 + 19.599 + 17.442 = $76.18 Mil.
Gross Profit was 19.186 + 19.95 + 19.599 + 17.442 = $76.18 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $1,393.81 Mil.
Property, Plant and Equipment(Net PPE) was $6.32 Mil.
Depreciation, Depletion and Amortization(DDA) was $7.02 Mil.
Selling, General, & Admin. Expense(SGA) was $29.60 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $35.90 Mil.
Net Income was 1.315 + 7.396 + 4.308 + 4.755 = $17.77 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was -10.068 + 26.666 + -12.204 + 0.859 = $5.25 Mil.
 Total Receivables was $0.00 Mil.
Revenue was 16.973 + 17.101 + 15.718 + 15.08 = $64.87 Mil.
Gross Profit was 16.973 + 17.101 + 15.718 + 15.08 = $64.87 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $1,190.01 Mil.
Property, Plant and Equipment(Net PPE) was $6.77 Mil.
Depreciation, Depletion and Amortization(DDA) was $5.79 Mil.
Selling, General, & Admin. Expense(SGA) was $24.67 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $32.41 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)
=(0 / 76.177) / (0 / 64.872)
=0 / 0
=1

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)
=(64.872 / 64.872) / (76.177 / 76.177)
=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 + 6.315) / 1393.812) / (1 - (0 + 6.765) / 1190.012)
=0.995469 / 0.994315
=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
=76.177 / 64.872
=1.1743

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))
=(5.785 / (5.785 + 6.765)) / (7.02 / (7.02 + 6.315))
=0.460956 / 0.526434
=0.8756

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)
=(29.603 / 76.177) / (24.672 / 64.872)
=0.388608 / 0.380318
=1.0218

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)
=((35.897 + 0) / 1393.812) / ((32.406 + 0) / 1190.012)
=0.025755 / 0.027232
=0.9458

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
=(17.774 - 0 - 5.253) / 1393.812
=0.008983

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.

GBank Financial Holdings has a M-score of -2.28 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 -2.28 mean?
GBank Financial Holdings (GBFH) has a Beneish M-Score of -2.28 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on GBank Financial Holdings and its competitors. According to the industry distribution chart, GBank Financial Holdings ranks #978 out of 1399 companies in the Banks industry, placing it in the top 69.9%.
Is GBank Financial Holdings' Beneish M-Score too high?
GBank Financial Holdings' current Beneish M-Score is -2.28. Based on the distribution chart, GBank Financial Holdings ranks #978 out of 1399 companies in the Banks industry, which is below the industry midpoint. Overall, GBank Financial Holdings has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GBank Financial Holdings' Beneish M-Score compare to FRBA and CBAN?
According to the Banks industry distribution chart, GBank Financial Holdings ranks #978 out of 1399 companies for Beneish M-Score. This places GBank Financial Holdings 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 GBank Financial Holdings and its competitors. GBank Financial Holdings's current Beneish M-Score is -2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GBank Financial Holdings stock overvalued right now?
Based on GuruFocus' analysis, GBank Financial Holdings (GBFH) is currently considered Fairly Valued. The stock's GF Value™ is $29.33, compared to a current price of $30.52 — trading 4.1% above its estimated fair value. The current Beneish M-Score is -2.28. GBank Financial Holdings' overall GF Score™ is 68/100 with 1 warning sign 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 GBank Financial Holdings (GBFH), the current Beneish M-Score is -2.28 as of Jun. 30, 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 GBank Financial Holdings (GBFH) Overvalued in 2026?

Based on GuruFocus' analysis, GBank Financial Holdings stock appears to be overvalued. The current stock price of $30.52 is trading 4.1% above its estimated GF Value™ of $29.33. GuruFocus considers GBank Financial Holdings to be Fairly Valued.

Key valuation signals for GBFH:

  • Beneish M-Score: -2.28
  • GF Value™: $29.33 vs. price of $30.52 (4.1% above fair value)
  • GF Score™: 68/100 with 1 warning sign

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

GBank Financial Holdings Business Description

Other Exchanges 8AE:Germany
Address 9115 West Russell Road, Suite 110, Las Vegas, NV, USA, 89148
GBank Financial Holdings Inc, through its subsidiary, provides banking services to commercial and consumer customers. The Bank provides general commercial banking services with an emphasis on serving the needs of small- and medium-sized businesses, high net worth individuals, professionals, and investors. The company is also actively expanding into Gaming, FinTech, and Payments solutions. It derives its revenue from interest on loans, interest on investments, various fees and service charges, loan servicing, and gains on loan sales at the Bank level. The Bank offers a full range of deposit and loan products for businesses including remote deposit capture, online banking, commercial real estate loans, commercial lines of credit, and government guaranteed loans.
68GF Score

Get the complete analysis for GBFH

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

$30.52
Price
$29.33
GF Value