GCFB (Granite City Food & Brewery) Beneish M-Score: 0.00 (As of Jun. 25, 2026)


What is Granite City Food & Brewery Beneish M-Score?

Granite City Food & Brewery GCFB Beneish M-Score is 0.00 as of Jun. 25, 2026.

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.

The historical rank and industry rank for Granite City Food & Brewery's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Granite City Food & Brewery was 0.00. The lowest was 0.00. And the median was 0.00.

Granite City Food & Brewery Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Granite City Food & Brewery'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.

Granite City Food & Brewery Beneish M-Score Chart

Granite City Food & Brewery Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.52 -2.55 -3.18 -2.92 -2.61

Granite City Food & Brewery Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 0.00 0.00 -2.61 0.00 0.00

GCFB vs BDVB, DBUB, GIGL: Beneish M-Score Comparison

For the Restaurants subindustry, Granite City Food & Brewery'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.

Granite City Food & Brewery Beneish M-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Granite City Food & Brewery's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Granite City Food & Brewery's Beneish M-Score falls into.


Granite City Food & Brewery 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 Granite City Food & Brewery 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 * 1.2375+0.404 * 1.169+0.892 * 0.9527+0.115 * 0.7821
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 2.1906+4.679 * -0.167514-0.327 * 1.1079
=-3.38

* 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 (Jun17) TTM:Last Year (Jun16) TTM:
Total Receivables was $0.0 Mil.
Revenue was 36.811 + 37.501 + 36.131 + 35.908 = $146.4 Mil.
Gross Profit was 5.126 + 4.727 + 4.592 + 3.896 = $18.3 Mil.
Total Current Assets was $8.5 Mil.
Total Assets was $67.5 Mil.
Property, Plant and Equipment(Net PPE) was $45.0 Mil.
Depreciation, Depletion and Amortization(DDA) was $9.1 Mil.
Selling, General, & Admin. Expense(SGA) was $12.1 Mil.
Total Current Liabilities was $52.2 Mil.
Long-Term Debt & Capital Lease Obligation was $20.7 Mil.
Net Income was -0.872 + -1.486 + -3.269 + -2.145 = $-7.8 Mil.
Non Operating Income was -0.157 + -0.02 + -0.87 + -0.02 = $-1.1 Mil.
Cash Flow from Operations was 2.75 + -0.69 + 2.671 + -0.132 = $4.6 Mil.
 Total Receivables was $0.0 Mil.
Revenue was 39.691 + 38.571 + 37.946 + 37.409 = $153.6 Mil.
Gross Profit was 6.173 + 5.526 + 6.599 + 5.525 = $23.8 Mil.
Total Current Assets was $8.1 Mil.
Total Assets was $75.8 Mil.
Property, Plant and Equipment(Net PPE) was $54.2 Mil.
Depreciation, Depletion and Amortization(DDA) was $8.2 Mil.
Selling, General, & Admin. Expense(SGA) was $5.8 Mil.
Total Current Liabilities was $16.2 Mil.
Long-Term Debt & Capital Lease Obligation was $57.7 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 / 146.351) / (0 / 153.617)
=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)
=(23.823 / 153.617) / (18.341 / 146.351)
=0.15508 / 0.125322
=1.2375

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 - (8.502 + 45.017) / 67.481) / (1 - (8.139 + 54.224) / 75.775)
=0.206903 / 0.176998
=1.169

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
=146.351 / 153.617
=0.9527

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))
=(8.236 / (8.236 + 54.224)) / (9.129 / (9.129 + 45.017))
=0.13186 / 0.1686
=0.7821

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)
=(12.052 / 146.351) / (5.775 / 153.617)
=0.08235 / 0.037593
=2.1906

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)
=((20.65 + 52.226) / 67.481) / ((57.701 + 16.165) / 75.775)
=1.079948 / 0.974807
=1.1079

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
=(-7.772 - -1.067 - 4.599) / 67.481
=-0.167514

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.

Granite City Food & Brewery has a M-score of -3.38 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 0.00 mean?
Granite City Food & Brewery (GCFB) has a Beneish M-Score of 0.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Granite City Food & Brewery and its competitors.
Is Granite City Food & Brewery's Beneish M-Score too high?
Granite City Food & Brewery's current Beneish M-Score is 0.00.
How does Granite City Food & Brewery's Beneish M-Score compare to BDVB and DBUB?
Granite City Food & Brewery's Beneish M-Score of 0.00 can be compared against companies in the Restaurants 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 Restaurants company?
A good Beneish M-Score depends on the Restaurants 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 Granite City Food & Brewery and its competitors. Granite City Food & Brewery's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Granite City Food & Brewery stock overvalued right now?
Granite City Food & Brewery (GCFB) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. 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 Granite City Food & Brewery (GCFB), the current Beneish M-Score is 0.00 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.

Granite City Food & Brewery Business Description

Address 12701 Whitewater Drive, Suite 290, Minnetonka, MN, USA, 55343
Granite City Food & Brewery Ltd owns and operates a restaurant with an on-site brewery. The company operates two casual dining concepts which include Granite city food and brewery and Cadillac ranch all American bar and grill. The Granite city restaurant theme is upscale casual dining with a wide variety of menu items, which includes handcrafted beers finished on-site. Cadillac Ranch restaurants feature authentic, cuisine in a fun, dynamic environment. Its menu is diverse with offerings ranging from homemade meatloaf to pasta dishes. It has approximately 36 restaurants in over 10 states. In addition, it also operates a centralized beer production facility in Ellsworth, Iowa which facilitates the initial stages of its brewing process.