Wide Open AgricultureASX:WOA -14.29% Beneish M-Score is 17.35 as of Jun. 27, 2026, which is 113% above its 10-year median of 8.13. The stock has 5 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, Wide Open Agriculture ranks worse than 98.86% 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 17.35 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Wide Open Agriculture's Beneish M-Score or its related term are showing as below:
ASX:WOA'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.17 Med: 8.13 Max: 233.31
Current: 17.35
During the past 8 years, the highest Beneish M-Score of Wide Open Agriculture was 233.31. The lowest was -3.17. And the median was 8.13.
Wide Open Agriculture Beneish M-Score Related Terms
Wide Open Agriculture Beneish M-Score Historical Data
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The historical data trend for Wide Open Agriculture'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.
For the Packaged Foods subindustry, Wide Open Agriculture'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.
Wide Open Agriculture Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Wide Open Agriculture's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Wide Open Agriculture'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 Wide Open Agriculture 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 * 0.0344
+
0.528 * 33.929
+
0.404 * 0.5487
+
0.892 * 6.4247
+
0.115 * 0.7739
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.0885
+
4.679 * -0.347507
-
0.327 * 0.4667
=
17.35
* 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))
=
(0.732 / (0.732 + 3.234))
/
(1.063 / (1.063 + 3.394))
=
0.184569
/
0.238501
=
0.7739
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
=
(-6.891 - -0.414
-
-3.494)
/
8.584
=
-0.347507
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.
Wide Open Agriculture has a M-score of 17.35 signals that the company is likely to be a manipulator.
Wide Open Agriculture (ASX:WOA) has a Beneish M-Score of 17.35 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Wide Open Agriculture and its competitors. This is 113% above median its historical median of 8.13. According to the industry distribution chart, Wide Open Agriculture ranks #1828 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 98.9%.
Is Wide Open Agriculture's Beneish M-Score too high?
Wide Open Agriculture's current Beneish M-Score of 17.35 is 113% above median its 10-year median of 8.13. Based on the distribution chart, Wide Open Agriculture ranks #1828 out of 1849 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers.
How does Wide Open Agriculture's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Wide Open Agriculture ranks #1828 out of 1849 companies for Beneish M-Score. This places Wide Open Agriculture 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Wide Open Agriculture and its competitors. Wide Open Agriculture's current Beneish M-Score is 17.35, which is 113% above median its own 10-year median of 8.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wide Open Agriculture stock overvalued right now?
Wide Open Agriculture (ASX:WOA) has a current Beneish M-Score of 17.35. The current Beneish M-Score is 17.35, which is 113% above median its 10-year median of 8.13. 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 Wide Open Agriculture (ASX:WOA), the current Beneish M-Score is 17.35 as of Jun. 27, 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.
Wide Open Agriculture Ltd is an Australia-based regenerative food and agriculture company. The company is into the development of its farmland portfolio and its food brand, Dirty Clean Food, Buntine Protein, and Dirty Clean Food Oat Milk. The company generates the majority of its revenues from sales of Dirty Clean Food products.
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