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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 -2.37 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Dave & Buster's Entertainment's Beneish M-Score or its related term are showing as below:
STU:9DB'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.75 Med: -2.65 Max: 81.45
Current: -2.37
During the past 13 years, the highest Beneish M-Score of Dave & Buster's Entertainment was 81.45. The lowest was -3.75. And the median was -2.65.
* 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.
Dave & Buster's Entertainment Beneish M-Score Chart
STU:9DB vs AENT, STRZ, AMCX: Beneish M-Score Comparison
For the Entertainment subindustry, Dave & Buster's Entertainment'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.
Dave & Buster's Entertainment Beneish M-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Dave & Buster's Entertainment's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Dave & Buster's Entertainment's Beneish M-Score falls into.
Dave & Buster's Entertainment 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 Dave & Buster's Entertainment 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 * 1.6629
+
0.528 * 0.9952
+
0.404 * 0.982
+
0.892 * 0.9182
+
0.115 * 0.8882
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0885
+
4.679 * -0.085822
-
0.327 * 0.9696
=
-2.37
* 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))
=
(220.567 / (220.567 + 2653.357))
/
(245.5 / (245.5 + 2595.523))
=
0.076748
/
0.086413
=
0.8882
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
=
(-55.306 - -15.742
-
263.912)
/
3536.109
=
-0.085822
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.
Dave & Buster's Entertainment has a M-score of -2.37 suggests that the company is unlikely to be a manipulator.
Dave & Buster's Entertainment (STU:9DB) has a Beneish M-Score of -2.37 as of Aug. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Dave & Buster's Entertainment and its competitors. According to the industry distribution chart, Dave & Buster's Entertainment ranks #622 out of 972 companies in the Media - Diversified industry, placing it in the top 64%.
Is Dave & Buster's Entertainment's Beneish M-Score too high?
Dave & Buster's Entertainment's current Beneish M-Score is -2.37. Based on the distribution chart, Dave & Buster's Entertainment ranks #622 out of 972 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Dave & Buster's Entertainment has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dave & Buster's Entertainment's Beneish M-Score compare to AENT and STRZ?
According to the Media - Diversified industry distribution chart, Dave & Buster's Entertainment ranks #622 out of 972 companies for Beneish M-Score. This places Dave & Buster's Entertainment 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 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 Dave & Buster's Entertainment and its competitors. Dave & Buster's Entertainment's current Beneish M-Score is -2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dave & Buster's Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Dave & Buster's Entertainment (STU:9DB) is currently considered Possible Value Trap. The stock's GF Value™ is €30.58, compared to a current price of €8.85 — trading 71.1% below its estimated fair value. The current Beneish M-Score is -2.37. Dave & Buster's Entertainment's overall GF Score™ is 61/100 with 8 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 Dave & Buster's Entertainment (STU:9DB), the current Beneish M-Score is -2.37 as of Aug. 08, 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 Dave & Buster's Entertainment (STU:9DB) Overvalued in 2026?
Based on GuruFocus' analysis, Dave & Buster's Entertainment stock appears to be undervalued.
The current stock price of €8.85 is trading 71.1% below its estimated GF Value™ of €30.58.
GuruFocus considers Dave & Buster's Entertainment to be Possible Value Trap.
Key valuation signals for STU:9DB:
Beneish M-Score: -2.37
GF Value™: €30.58 vs. price of €8.85 (71.1% below fair value)
No single metric tells the full story. See the STU:9DB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dave & Buster's Entertainment Inc is an owner and operator of entertainment and dining venues in North America that offer experiences for both adults and families under the Dave & Buster's and Main Event brands. The company combines various forms of entertainment, including games, bowling, and watching live sports and other televised events, with a full menu of entrees and appetizers and a selection of alcoholic and non alcoholic beverages, all in one location. Its concept focuses on providing customers the opportunity to Eat, Drink, Play, and Watch, appealing to a balanced mix of adults, families, and teenagers. The company also operates internationally in the early stage as a franchisor of the Dave & Buster's brand.
61GF Score
Get the complete analysis for STU:9DB
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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