GM (General Motors Co) Beneish M-Score: -2.30 (As of Jun. 24, 2026)


GM General Motors Co GM
78 GF Score
Price $78.95
GF Value $63.89
Valuation Modestly Overvalued
! 11 Warning Signs
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What is General Motors Co Beneish M-Score?

General Motors Co GM 78 Beneish M-Score is -2.30 as of Jun. 24, 2026. GuruFocus rates GM with a GF Score™ of 78/100 and a GF Value™ of $63.89 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 1,273 Vehicles & Parts companies, General Motors Co ranks worse than 69.44% 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 -2.3 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

GM' s Beneish M-Score Range Over the Past 10 Years
Min: -3.09   Med: -2.59   Max: -2.3
Current: -2.3

During the past 13 years, the highest Beneish M-Score of General Motors Co was -2.30. The lowest was -3.09. And the median was -2.59.


General Motors Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for General Motors Co'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.

General Motors Co Beneish M-Score Chart

General Motors Co 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 -2.76 -2.30 -2.46 -2.60 -2.36

General Motors Co 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 -2.69 -2.63 -2.58 -2.36 -2.30

GM vs F, RIVN, XPEV: Beneish M-Score Comparison

For the Auto Manufacturers subindustry, General Motors Co'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.


General Motors Co Beneish M-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, General Motors Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where General Motors Co's Beneish M-Score falls into.


GM
78GF Score
General Motors Co GM
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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General Motors Co 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 General Motors Co 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 * 1.0324+0.528 * 1.9875+0.404 * 0.9881+0.892 * 0.9797+0.115 * 0.882
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8583+4.679 * -0.076555-0.327 * 0.997
=-2.30

* 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 $60,132 Mil.
Revenue was 43624 + 45286 + 48591 + 47122 = $184,623 Mil.
Gross Profit was 4995 + -1121 + 3113 + 4266 = $11,253 Mil.
Total Current Assets was $109,121 Mil.
Total Assets was $280,974 Mil.
Property, Plant and Equipment(Net PPE) was $85,510 Mil.
Depreciation, Depletion and Amortization(DDA) was $14,684 Mil.
Selling, General, & Admin. Expense(SGA) was $8,771 Mil.
Total Current Liabilities was $94,720 Mil.
Long-Term Debt & Capital Lease Obligation was $91,462 Mil.
Net Income was 2627 + -3310 + 1327 + 1895 = $2,539 Mil.
Non Operating Income was 272 + -136 + 77 + 80 = $293 Mil.
Cash Flow from Operations was 2950 + 6795 + 7103 + 6908 = $23,756 Mil.
Total Receivables was $59,453 Mil.
Revenue was 44020 + 47702 + 48756 + 47968 = $188,446 Mil.
Gross Profit was 5338 + 4851 + 6396 + 6244 = $22,829 Mil.
Total Current Assets was $110,006 Mil.
Total Assets was $282,104 Mil.
Property, Plant and Equipment(Net PPE) was $84,367 Mil.
Depreciation, Depletion and Amortization(DDA) was $12,525 Mil.
Selling, General, & Admin. Expense(SGA) was $10,431 Mil.
Total Current Liabilities was $90,747 Mil.
Long-Term Debt & Capital Lease Obligation was $96,744 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)
=(60132 / 184623) / (59453 / 188446)
=0.325702 / 0.315491
=1.0324

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)
=(22829 / 188446) / (11253 / 184623)
=0.121143 / 0.060951
=1.9875

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 - (109121 + 85510) / 280974) / (1 - (110006 + 84367) / 282104)
=0.307299 / 0.310988
=0.9881

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
=184623 / 188446
=0.9797

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))
=(12525 / (12525 + 84367)) / (14684 / (14684 + 85510))
=0.129268 / 0.146556
=0.882

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)
=(8771 / 184623) / (10431 / 188446)
=0.047508 / 0.055353
=0.8583

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)
=((91462 + 94720) / 280974) / ((96744 + 90747) / 282104)
=0.662631 / 0.664617
=0.997

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
=(2539 - 293 - 23756) / 280974
=-0.076555

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.

General Motors Co has a M-score of -2.30 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 -2.30 mean?
General Motors Co (GM) has a Beneish M-Score of -2.30 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on General Motors Co and its competitors. According to the industry distribution chart, General Motors Co ranks #884 out of 1273 companies in the Vehicles & Parts industry, placing it in the top 69.4%.
Is General Motors Co's Beneish M-Score too high?
General Motors Co's current Beneish M-Score is -2.30. Based on the distribution chart, General Motors Co ranks #884 out of 1273 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, General Motors Co has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does General Motors Co's Beneish M-Score compare to F and RIVN?
According to the Vehicles & Parts industry distribution chart, General Motors Co ranks #884 out of 1273 companies for Beneish M-Score. This places General Motors Co 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 General Motors Co and its competitors. General Motors Co's current Beneish M-Score is -2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General Motors Co stock overvalued right now?
Based on GuruFocus' analysis, General Motors Co (GM) is currently considered Modestly Overvalued. The stock's GF Value™ is $63.89, compared to a current price of $78.95 — trading 23.6% above its estimated fair value. The current Beneish M-Score is -2.30. General Motors Co's overall GF Score™ is 78/100 with 11 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 General Motors Co (GM), the current Beneish M-Score is -2.30 as of Jun. 24, 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 General Motors Co (GM) Overvalued in 2026?

Based on GuruFocus' analysis, General Motors Co stock appears to be overvalued. The current stock price of $78.95 is trading 23.6% above its estimated GF Value™ of $63.89. GuruFocus considers General Motors Co to be Modestly Overvalued.

Key valuation signals for GM:

  • Beneish M-Score: -2.30
  • GF Value™: $63.89 vs. price of $78.95 (23.6% above fair value)
  • GF Score™: 78/100 with 11 warning signs

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


General Motors Co Business Description

Address 1240 Woodward Avenue, Detroit, MI, USA, 48265
General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under three segments: GM North America, GM International, and GM Financial. The United States now has four brands instead of eight under old GM. The company regained its US market share leadership in 2022, after losing it to Toyota due to the chip shortage in 2021. 2025 US share was 17.4%, up 60 basis points from 2024. The Cruise autonomous vehicle arm, which GM now owns outright, previously operated driverless geofenced AV robotaxi services in San Francisco and other cities, but after a 2023 accident, GM decided that it will focus on personal AVs. GM Financial became the company's captive finance arm in 2010 via the purchase of AmeriCredit.
78GF Score

Get the complete analysis for GM

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

$78.95
Price
$63.89
GF Value