Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
GKS Gieksa KatowiceWAR:GKS 37 Beneish M-Score is 2.17 as of Aug. 16, 2026, which is 69% below its 10-year median of 7.05. GuruFocus rates WAR:GKS with a GF Score™ of 37/100 and a GF Value™ of zł0.31 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 971 Media - Diversified companies, GKS Gieksa Katowice ranks worse than 96.19% 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.
Warning Sign:
Beneish M-Score 2.17 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for GKS Gieksa Katowice's Beneish M-Score or its related term are showing as below:
WAR:GKS'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.11 Med: 7.05 Max: 30.94
Current: 2.17
During the past 13 years, the highest Beneish M-Score of GKS Gieksa Katowice was 30.94. The lowest was -3.11. And the median was 7.05.
GKS Gieksa Katowice Beneish M-Score Historical Data
* Premium members only.
The historical data trend for GKS Gieksa Katowice'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.
WAR:GKS vs NFLX, DIS, WBD: Beneish M-Score Comparison
For the Entertainment subindustry, GKS Gieksa Katowice'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.
GKS Gieksa Katowice Beneish M-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, GKS Gieksa Katowice's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where GKS Gieksa Katowice'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 GKS Gieksa Katowice 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 * 3.6818
+
0.528 * 1.7279
+
0.404 * 0.909
+
0.892 * 0.5232
+
0.115 * 1.0374
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.5145
+
4.679 * 0.459013
-
0.327 * 0.914
=
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.
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))
=
(1.543 / (1.543 + 0.412))
/
(1.371 / (1.371 + 0.431))
=
0.789258
/
0.760821
=
1.0374
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
=
(1.06 - 0
-
-12.513)
/
29.57
=
0.459013
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.
GKS Gieksa Katowice has a M-score of 2.17 signals that the company is likely to be a manipulator.
GKS Gieksa Katowice (WAR:GKS) has a Beneish M-Score of 2.17 as of Aug. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on GKS Gieksa Katowice and its competitors. This is 69% below median its historical median of 7.05. According to the industry distribution chart, GKS Gieksa Katowice ranks #934 out of 971 companies in the Media - Diversified industry, placing it in the top 96.2%.
Is GKS Gieksa Katowice's Beneish M-Score too high?
GKS Gieksa Katowice's current Beneish M-Score of 2.17 is 69% below median its 10-year median of 7.05. Based on the distribution chart, GKS Gieksa Katowice ranks #934 out of 971 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, GKS Gieksa Katowice has a GF Score™ of 37/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does GKS Gieksa Katowice's Beneish M-Score compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, GKS Gieksa Katowice ranks #934 out of 971 companies for Beneish M-Score. This places GKS Gieksa Katowice 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 GKS Gieksa Katowice and its competitors. GKS Gieksa Katowice's current Beneish M-Score is 2.17, which is 69% below median its own 10-year median of 7.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GKS Gieksa Katowice stock overvalued right now?
Based on GuruFocus' analysis, GKS Gieksa Katowice (WAR:GKS) is currently considered Possible Value Trap. The stock's GF Value™ is zł0.31, compared to a current price of zł0.19 — trading 37.4% below its estimated fair value. The current Beneish M-Score is 2.17, which is 69% below median its 10-year median of 7.05. GKS Gieksa Katowice's overall GF Score™ is 37/100 with 5 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 GKS Gieksa Katowice (WAR:GKS), the current Beneish M-Score is 2.17 as of Aug. 16, 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 GKS Gieksa Katowice (WAR:GKS) Overvalued in 2026?
Based on GuruFocus' analysis, GKS Gieksa Katowice stock appears to be undervalued.
The current stock price of zł0.19 is trading 37.4% below its estimated GF Value™ of zł0.31.
GuruFocus considers GKS Gieksa Katowice to be Possible Value Trap.
Key valuation signals for WAR:GKS:
Beneish M-Score: 2.17 (69% below median its 10-year median of 7.05)
GF Value™: zł0.31 vs. price of zł0.19 (37.4% below fair value)
No single metric tells the full story. See the WAR:GKS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WAR:GKS has been successfully added to your 
