RBB (RBB Bancorp) Beneish M-Score: -2.17 (As of Jun. 25, 2026)


RBB RBB Bancorp RBB
62 GF Score
Price $26.61
GF Value $21.62
Valuation Modestly Overvalued
! 7 Warning Signs
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What is RBB Bancorp Beneish M-Score?

RBB Bancorp RBB +2.88% 62 Beneish M-Score is -2.17 as of Jun. 25, 2026. GuruFocus rates RBB with a GF Score™ of 62/100 and a GF Value™ of $21.62 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,396 Banks companies, RBB Bancorp ranks worse than 82.81% 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 -2.17 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

RBB' s Beneish M-Score Range Over the Past 10 Years
Min: -4.22   Med: -2.51   Max: 5.33
Current: -2.17

During the past 12 years, the highest Beneish M-Score of RBB Bancorp was 5.33. The lowest was -4.22. And the median was -2.51.

RBB
62GF Score
RBB Bancorp RBB
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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RBB Bancorp 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 RBB Bancorp 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 * 1.0018+0.892 * 1.1788+0.115 * 0.9406
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9147+4.679 * -0.003359-0.327 * 0.5316
=-2.17

* 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 $7.0 Mil.
Revenue was 34.754 + 32.315 + 32.57 + 35.812 = $135.5 Mil.
Gross Profit was 34.754 + 32.315 + 32.57 + 35.812 = $135.5 Mil.
Total Current Assets was $0.0 Mil.
Total Assets was $4,194.3 Mil.
Property, Plant and Equipment(Net PPE) was $45.8 Mil.
Depreciation, Depletion and Amortization(DDA) was $8.8 Mil.
Selling, General, & Admin. Expense(SGA) was $47.5 Mil.
Total Current Liabilities was $0.0 Mil.
Long-Term Debt & Capital Lease Obligation was $179.8 Mil.
Net Income was 11.3 + 10.177 + 10.148 + 9.333 = $41.0 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.0 Mil.
Cash Flow from Operations was 19.431 + 11.841 + 2.116 + 21.657 = $55.0 Mil.
 Total Receivables was $0.0 Mil.
Revenue was 28.458 + 28.706 + 30.291 + 27.453 = $114.9 Mil.
Gross Profit was 28.458 + 28.706 + 30.291 + 27.453 = $114.9 Mil.
Total Current Assets was $0.0 Mil.
Total Assets was $4,009.4 Mil.
Property, Plant and Equipment(Net PPE) was $51.1 Mil.
Depreciation, Depletion and Amortization(DDA) was $9.1 Mil.
Selling, General, & Admin. Expense(SGA) was $44.0 Mil.
Total Current Liabilities was $0.0 Mil.
Long-Term Debt & Capital Lease Obligation was $323.3 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)
=(6.986 / 135.451) / (0 / 114.908)
=0.051576 / 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)
=(114.908 / 114.908) / (135.451 / 135.451)
=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 + 45.805) / 4194.312) / (1 - (0 + 51.087) / 4009.4)
=0.989079 / 0.987258
=1.0018

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
=135.451 / 114.908
=1.1788

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))
=(9.128 / (9.128 + 51.087)) / (8.8 / (8.8 + 45.805))
=0.15159 / 0.161157
=0.9406

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)
=(47.46 / 135.451) / (44.017 / 114.908)
=0.350385 / 0.383063
=0.9147

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)
=((179.808 + 0) / 4194.312) / ((323.318 + 0) / 4009.4)
=0.042869 / 0.08064
=0.5316

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
=(40.958 - 0 - 55.045) / 4194.312
=-0.003359

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.

RBB Bancorp has a M-score of -2.17 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 -2.17 mean?
RBB Bancorp (RBB) has a Beneish M-Score of -2.17 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on RBB Bancorp and its competitors. According to the industry distribution chart, RBB Bancorp ranks #1156 out of 1396 companies in the Banks industry, placing it in the top 82.8%.
Is RBB Bancorp's Beneish M-Score too high?
RBB Bancorp's current Beneish M-Score is -2.17. Based on the distribution chart, RBB Bancorp ranks #1156 out of 1396 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, RBB Bancorp has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does RBB Bancorp's Beneish M-Score compare to WTBA and NEWT?
According to the Banks industry distribution chart, RBB Bancorp ranks #1156 out of 1396 companies for Beneish M-Score. This places RBB Bancorp 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 RBB Bancorp and its competitors. RBB Bancorp's current Beneish M-Score is -2.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RBB Bancorp stock overvalued right now?
Based on GuruFocus' analysis, RBB Bancorp (RBB) is currently considered Modestly Overvalued. The stock's GF Value™ is $21.62, compared to a current price of $26.61 — trading 23.1% above its estimated fair value. The current Beneish M-Score is -2.17. RBB Bancorp's overall GF Score™ is 62/100 with 7 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 RBB Bancorp (RBB), the current Beneish M-Score is -2.17 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.

Is RBB Bancorp (RBB) Overvalued in 2026?

Based on GuruFocus' analysis, RBB Bancorp stock appears to be overvalued. The current stock price of $26.61 is trading 23.1% above its estimated GF Value™ of $21.62. GuruFocus considers RBB Bancorp to be Modestly Overvalued.

Key valuation signals for RBB:

  • Beneish M-Score: -2.17
  • GF Value™: $21.62 vs. price of $26.61 (23.1% above fair value)
  • GF Score™: 62/100 with 7 warning signs

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

RBB Bancorp Business Description

Other Exchanges 5SZ:Germany
Address 1055 Wilshire Boulevard, 12th Floor, Los Angeles, CA, USA, 90017
RBB Bancorp operates as a bank holding company. It provides various banking products and services such as checking, savings, money market accounts, and certificates of deposits. Its Specific services include remote deposit, E-banking, mobile banking, commercial and investor real estate loans, business loans and lines of credit, Small Business Administration (SBA) 7A and 504 loans, mortgage loans, trade finance, and a full range of depository accounts. It generates its revenue from interest received on loans and leases and, to a lesser extent, from interest received on investment securities and derives income from noninterest sources, such as fees received in connection with various lending and deposit services, loan servicing, gain on sales of loans, and wealth management services.
62GF Score

Get the complete analysis for RBB

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

$26.61
Price
$21.62
GF Value