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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 -1.87 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Arcus Biosciences's Beneish M-Score or its related term are showing as below:
RCUS'
s Beneish M-Score Range Over the Past 10 Years
Min: -7.15 Med: -1.51 Max: 87.8
Current: -1.87
During the past 10 years, the highest Beneish M-Score of Arcus Biosciences was 87.80. The lowest was -7.15. And the median was -1.51.
Arcus Biosciences Beneish M-Score Related Terms
Arcus Biosciences Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Arcus Biosciences'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.
RCUS vs ALMS, DNLI, NAMS: Beneish M-Score Comparison
For the Biotechnology subindustry, Arcus Biosciences'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.
Arcus Biosciences Beneish M-Score vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Arcus Biosciences's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Arcus Biosciences's Beneish M-Score falls into.
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 Arcus Biosciences 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 * 0.1992
+
0.528 * 1
+
0.404 * 1.6879
+
0.892 * 1.6738
+
0.115 * 0.9325
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.5717
+
4.679 * 0.119358
-
0.327 * 1.4928
=
-1.87
* 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))
=
(10 / (10 + 46))
/
(9 / (9 + 38))
=
0.178571
/
0.191489
=
0.9325
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
=
(-369 - 0
-
-488)
/
997
=
0.119358
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.
Arcus Biosciences has a M-score of -1.87 suggests that the company is unlikely to be a manipulator.
Arcus Biosciences (RCUS) has a Beneish M-Score of -1.87 as of Jul. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Arcus Biosciences and its competitors. According to the industry distribution chart, Arcus Biosciences ranks #536 out of 824 companies in the Biotechnology industry, placing it in the top 65%.
Is Arcus Biosciences' Beneish M-Score too high?
Arcus Biosciences' current Beneish M-Score is -1.87. Based on the distribution chart, Arcus Biosciences ranks #536 out of 824 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Arcus Biosciences has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arcus Biosciences' Beneish M-Score compare to ALMS and DNLI?
According to the Biotechnology industry distribution chart, Arcus Biosciences ranks #536 out of 824 companies for Beneish M-Score. This places Arcus Biosciences 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 Biotechnology company?
A good Beneish M-Score depends on the Biotechnology 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 Arcus Biosciences and its competitors. Arcus Biosciences's current Beneish M-Score is -1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arcus Biosciences stock overvalued right now?
Based on GuruFocus' analysis, Arcus Biosciences (RCUS) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.32, compared to a current price of $27.05 — trading 119.6% above its estimated fair value. The current Beneish M-Score is -1.87. Arcus Biosciences' overall GF Score™ is 46/100 with 3 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 Arcus Biosciences (RCUS), the current Beneish M-Score is -1.87 as of Jul. 29, 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 Arcus Biosciences (RCUS) Overvalued in 2026?
Based on GuruFocus' analysis, Arcus Biosciences stock appears to be overvalued.
The current stock price of $27.05 is trading 119.6% above its estimated GF Value™ of $12.32.
GuruFocus considers Arcus Biosciences to be Significantly Overvalued.
Key valuation signals for RCUS:
Beneish M-Score: -1.87
GF Value™: $12.32 vs. price of $27.05 (119.6% above fair value)
No single metric tells the full story. See the RCUS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arcus Biosciences Inc is a late clinical-stage biopharmaceutical company focused on developing differentiated molecules for patients with cancer and inflammatory and autoimmune diseases. Its product pipeline includes Domvanalimab, Quemliclustat, Casdatifan, Zimberelimab, among others. The company operates in one reportable and operating segment, which is the business of developing and commercializing differentiated therapies.
46GF Score
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