MKIN (MCNB Banks) Beneish M-Score: -2.36 (As of Jun. 26, 2026)


MKIN MCNB Banks Inc MKIN
47 GF Score
Price $19.45
GF Value $19.50
Valuation Fairly Valued
! 6 Warning Signs
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What is MCNB Banks Beneish M-Score?

MCNB Banks MKIN 47 Beneish M-Score is -2.36 as of Jun. 26, 2026. GuruFocus rates MKIN with a GF Score™ of 47/100 and a GF Value™ of $19.50 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,397 Banks companies, MCNB Banks ranks worse than 56.84% 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 -2.36 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MKIN' s Beneish M-Score Range Over the Past 10 Years
Min: -2.89   Med: -2.51   Max: -1.86
Current: -2.36

During the past 10 years, the highest Beneish M-Score of MCNB Banks was -1.86. The lowest was -2.89. And the median was -2.51.

MKIN
47GF Score
MCNB Banks Inc MKIN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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MCNB Banks 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 MCNB Banks 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 * 0.9625+0.528 * 1+0.404 * 1.0005+0.892 * 1.1758+0.115 * 1.0042
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.011942-0.327 * 1.1889
=-2.36

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was $1.32 Mil.
Revenue was $13.33 Mil.
Gross Profit was $13.33 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $363.01 Mil.
Property, Plant and Equipment(Net PPE) was $5.05 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.31 Mil.
Selling, General, & Admin. Expense(SGA) was $0.00 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $24.16 Mil.
Net Income was $2.20 Mil.
Gross Profit was $0.00 Mil.
Cash Flow from Operations was $-2.13 Mil.
 Total Receivables was $1.17 Mil.
Revenue was $11.34 Mil.
Gross Profit was $11.34 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $360.77 Mil.
Property, Plant and Equipment(Net PPE) was $5.19 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.32 Mil.
Selling, General, & Admin. Expense(SGA) was $0.00 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $20.19 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)
=(1.323 / 13.331) / (1.169 / 11.338)
=0.099242 / 0.103105
=0.9625

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)
=(11.338 / 11.338) / (13.331 / 13.331)
=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 + 5.051) / 363.008) / (1 - (0 + 5.193) / 360.766)
=0.986086 / 0.985606
=1.0005

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
=13.331 / 11.338
=1.1758

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))
=(0.316 / (0.316 + 5.193)) / (0.306 / (0.306 + 5.051))
=0.057361 / 0.057122
=1.0042

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)
=(0 / 13.331) / (0 / 11.338)
=0 / 0
=1

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)
=((24.156 + 0) / 363.008) / ((20.193 + 0) / 360.766)
=0.066544 / 0.055973
=1.1889

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
=(2.201 - 0 - -2.134) / 363.008
=0.011942

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.

MCNB Banks has a M-score of -2.36 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 -2.36 mean?
MCNB Banks (MKIN) has a Beneish M-Score of -2.36 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on MCNB Banks and its competitors. According to the industry distribution chart, MCNB Banks ranks #794 out of 1397 companies in the Banks industry, placing it in the top 56.8%.
Is MCNB Banks' Beneish M-Score too high?
MCNB Banks' current Beneish M-Score is -2.36. Based on the distribution chart, MCNB Banks ranks #794 out of 1397 companies in the Banks industry, which is below the industry midpoint. Overall, MCNB Banks has a GF Score™ of 47/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MCNB Banks' Beneish M-Score compare to LOGN and MFDB?
According to the Banks industry distribution chart, MCNB Banks ranks #794 out of 1397 companies for Beneish M-Score. This places MCNB Banks 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 MCNB Banks and its competitors. MCNB Banks's current Beneish M-Score is -2.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MCNB Banks stock overvalued right now?
Based on GuruFocus' analysis, MCNB Banks (MKIN) is currently considered Fairly Valued. The stock's GF Value™ is $19.50, compared to a current price of $19.45 — trading 0.3% below its estimated fair value. The current Beneish M-Score is -2.36. MCNB Banks' overall GF Score™ is 47/100 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 MCNB Banks (MKIN), the current Beneish M-Score is -2.36 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 MCNB Banks (MKIN) Overvalued in 2026?

Based on GuruFocus' analysis, MCNB Banks stock appears to be undervalued. The current stock price of $19.45 is trading 0.3% below its estimated GF Value™ of $19.50. GuruFocus considers MCNB Banks to be Fairly Valued.

Key valuation signals for MKIN:

  • Beneish M-Score: -2.36
  • GF Value™: $19.50 vs. price of $19.45 (0.3% below fair value)
  • GF Score™: 47/100 with 6 warning signs

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

MCNB Banks Business Description

Address 75 Wyoming Street, P.O. Box 549, Welch, WY, USA, 24801
MCNB Banks Inc provides personal banking, business banking, loans, trust & financial services. It provides retail and commercial loan and deposit services, along with trust services, principally to individuals and small businesses. It also offers trust and financial services, comprising investment portfolio management, custodian, estate planning and administration, retirement, trust, financial planning, and online account access services. Company loan segment includes: Residential real estate loan, Commercial real estate loans, Commercial loan, Consumer and other loans.
47GF Score

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

$19.45
Price
$19.50
GF Value