Warner Bros. DiscoveryMIL:1WBD 29 Beneish M-Score is -2.66 as of Jun. 26, 2026. GuruFocus rates MIL:1WBD with a GF Score™ of 29/100 and a GF Value™ of €8.63 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 989 Media - Diversified companies, Warner Bros. Discovery ranks better than 55.31% 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 -2.66 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Warner Bros. Discovery's Beneish M-Score or its related term are showing as below:
MIL:1WBD'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.07 Med: -2.63 Max: -0.41
Current: -2.66
During the past 13 years, the highest Beneish M-Score of Warner Bros. Discovery was -0.41. The lowest was -3.07. And the median was -2.63.
Warner Bros. Discovery Beneish M-Score Related Terms
Warner Bros. Discovery Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Warner Bros. Discovery'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.
MIL:1WBD vs LYV, FOXA, FWONA: Beneish M-Score Comparison
For the Entertainment subindustry, Warner Bros. Discovery'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.
Warner Bros. Discovery Beneish M-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Warner Bros. Discovery's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Warner Bros. Discovery's Beneish M-Score falls into.
Warner Bros. Discovery 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 Warner Bros. Discovery 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 * 1.1171
+
0.528 * 0.941
+
0.404 * 0.9986
+
0.892 * 0.8991
+
0.115 * 1.0707
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0805
+
4.679 * -0.045998
-
0.327 * 0.9801
=
-2.71
* 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))
=
(18504.516 / (18504.516 + 5745.175))
/
(14252.273 / (14252.273 + 5745.33))
=
0.763083
/
0.712699
=
1.0707
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
=
(-1493.784 - -648.095
-
3047.065)
/
84629.005
=
-0.045998
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.
Warner Bros. Discovery has a M-score of -2.71 suggests that the company is unlikely to be a manipulator.
Warner Bros. Discovery (MIL:1WBD) has a Beneish M-Score of -2.66 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Warner Bros. Discovery and its competitors. According to the industry distribution chart, Warner Bros. Discovery ranks #442 out of 989 companies in the Media - Diversified industry, placing it in the top 44.7%.
Is Warner Bros. Discovery's Beneish M-Score too high?
Warner Bros. Discovery's current Beneish M-Score is -2.66. Based on the distribution chart, Warner Bros. Discovery ranks #442 out of 989 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Warner Bros. Discovery has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Warner Bros. Discovery's Beneish M-Score compare to LYV and FOXA?
According to the Media - Diversified industry distribution chart, Warner Bros. Discovery ranks #442 out of 989 companies for Beneish M-Score. This puts Warner Bros. Discovery in the upper 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Warner Bros. Discovery and its competitors. Warner Bros. Discovery's current Beneish M-Score is -2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warner Bros. Discovery stock overvalued right now?
Based on GuruFocus' analysis, Warner Bros. Discovery (MIL:1WBD) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.63, compared to a current price of €23.96 — trading 177.6% above its estimated fair value. The current Beneish M-Score is -2.66. Warner Bros. Discovery's overall GF Score™ is 29/100 with 6 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 Warner Bros. Discovery (MIL:1WBD), the current Beneish M-Score is -2.66 as of Jun. 26, 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 Warner Bros. Discovery (MIL:1WBD) Overvalued in 2026?
Based on GuruFocus' analysis, Warner Bros. Discovery stock appears to be overvalued.
The current stock price of €23.96 is trading 177.6% above its estimated GF Value™ of €8.63.
GuruFocus considers Warner Bros. Discovery to be Significantly Overvalued.
Key valuation signals for MIL:1WBD:
Beneish M-Score: -2.66
GF Value™: €8.63 vs. price of €23.96 (177.6% above fair value)
No single metric tells the full story. See the MIL:1WBD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Warner Bros. Discovery operates in three segments: streaming, studios, and linear networks. The streaming business includes HBO Max, which is rapidly increasing its international footprint in addition to its major presence in the US. Studios include industry leaders in both film and television, which produce movies and television series that are monetized in multiple ways, including theatrical release, sales to third parties, and feeding into Warner's own platforms. Global networks consist of basic cable networks like CNN, TNT, TBS, Discovery, HGTV, and The Food Network. The Discovery+ streaming service will remain part of global networks.
29GF Score
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