VENU (Venu Holding) Beneish M-Score: -3.10 (As of Jun. 24, 2026)


VENU Venu Holding Corp VENU
8 GF Score
Price $3.29
! 3 Warning Signs
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What is Venu Holding Beneish M-Score?

Venu Holding VENU +1.54% 8 Beneish M-Score is -3.10 as of Jun. 24, 2026. GuruFocus rates VENU with a GF Score™ of 8/100. The stock has 3 warning signs investors should review. Among 357 Restaurants companies, Venu Holding ranks better than 73.67% 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 -3.1 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

VENU' s Beneish M-Score Range Over the Past 10 Years
Min: -3.63   Med: -3.18   Max: -2.77
Current: -3.1

During the past 4 years, the highest Beneish M-Score of Venu Holding was -2.77. The lowest was -3.63. And the median was -3.18.


Venu Holding Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Venu Holding'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.

Venu Holding Beneish M-Score Chart

Venu Holding Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -3.20 -3.16

Venu Holding Quarterly Data
Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.63 -2.77 -3.59 -3.16 -3.10

VENU vs JACK, RICK, BRCB: Beneish M-Score Comparison

For the Restaurants subindustry, Venu Holding'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.


Venu Holding Beneish M-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Venu Holding's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Venu Holding's Beneish M-Score falls into.


VENU
8GF Score
Venu Holding Corp VENU
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Venu Holding 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 Venu Holding 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 * 1.366+0.404 * 0.4469+0.892 * 1.0521+0.115 * 1.3269
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1875+4.679 * -0.118726-0.327 * 1.2602
=-3.10

* 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 $0.00 Mil.
Revenue was 3.901 + 4.526 + 5.385 + 4.487 = $18.30 Mil.
Gross Profit was 0.539 + 0.76 + 2.357 + 1.415 = $5.07 Mil.
Total Current Assets was $59.74 Mil.
Total Assets was $461.35 Mil.
Property, Plant and Equipment(Net PPE) was $398.77 Mil.
Depreciation, Depletion and Amortization(DDA) was $7.18 Mil.
Selling, General, & Admin. Expense(SGA) was $43.87 Mil.
Total Current Liabilities was $66.12 Mil.
Long-Term Debt & Capital Lease Obligation was $110.71 Mil.
Net Income was -13.756 + -8.251 + -6.361 + -11.417 = $-39.79 Mil.
Non Operating Income was 0.021 + 6.472 + 0.341 + -0.013 = $6.82 Mil.
Cash Flow from Operations was -8.518 + 12.836 + 6.297 + -2.447 = $8.17 Mil.
Total Receivables was $0.00 Mil.
Revenue was 3.499 + 4.267 + 5.452 + 4.175 = $17.39 Mil.
Gross Profit was 0.914 + 1.522 + 2.877 + 1.271 = $6.58 Mil.
Total Current Assets was $25.78 Mil.
Total Assets was $212.88 Mil.
Property, Plant and Equipment(Net PPE) was $184.17 Mil.
Depreciation, Depletion and Amortization(DDA) was $4.43 Mil.
Selling, General, & Admin. Expense(SGA) was $35.11 Mil.
Total Current Liabilities was $9.49 Mil.
Long-Term Debt & Capital Lease Obligation was $55.26 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)
=(0 / 18.299) / (0 / 17.393)
=0 / 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)
=(6.584 / 17.393) / (5.071 / 18.299)
=0.378543 / 0.277119
=1.366

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 - (59.738 + 398.773) / 461.348) / (1 - (25.782 + 184.171) / 212.882)
=0.006149 / 0.013759
=0.4469

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
=18.299 / 17.393
=1.0521

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))
=(4.425 / (4.425 + 184.171)) / (7.178 / (7.178 + 398.773))
=0.023463 / 0.017682
=1.3269

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)
=(43.869 / 18.299) / (35.112 / 17.393)
=2.397344 / 2.018743
=1.1875

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)
=((110.713 + 66.121) / 461.348) / ((55.264 + 9.486) / 212.882)
=0.383299 / 0.304159
=1.2602

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
=(-39.785 - 6.821 - 8.168) / 461.348
=-0.118726

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.

Venu Holding has a M-score of -3.10 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 -3.10 mean?
Venu Holding (VENU) has a Beneish M-Score of -3.10 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Venu Holding and its competitors. According to the industry distribution chart, Venu Holding ranks #94 out of 357 companies in the Restaurants industry, placing it in the top 26.3%.
Is Venu Holding's Beneish M-Score too high?
Venu Holding's current Beneish M-Score is -3.10. Based on the distribution chart, Venu Holding ranks #94 out of 357 companies in the Restaurants industry, which is above the industry midpoint. Overall, Venu Holding has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Venu Holding's Beneish M-Score compare to JACK and RICK?
According to the Restaurants industry distribution chart, Venu Holding ranks #94 out of 357 companies for Beneish M-Score. This puts Venu Holding 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 Restaurants company?
A good Beneish M-Score depends on the Restaurants 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 Venu Holding and its competitors. Venu Holding's current Beneish M-Score is -3.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Venu Holding stock overvalued right now?
Venu Holding (VENU) has a current Beneish M-Score of -3.10. The current Beneish M-Score is -3.10. Venu Holding's overall GF Score™ is 8/100 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 Venu Holding (VENU), the current Beneish M-Score is -3.10 as of Jun. 24, 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.

Venu Holding Business Description

Address 1755 Telstar Drive, Suite 501, Colorado Springs, CO, USA, 80920
Venu Holding Corp is an entertainment and hospitality holding company based in Colorado Springs, Colorado that designs, develops, owns, and operates (whether directly or through third-party operators) up-scale music venues, multi-season amphitheaters, and full-service restaurants and bars where music, dining, and luxury experiences converge. It has developed, or is in the process of developing, three restaurant concepts and one bar concept, as well as live music indoor venues that accommodate approximately 1,400 guests and multi-season amphitheaters that accommodate 8,000 or more guests.
8GF Score

Get the complete analysis for VENU

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

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