Wetherspoon (J D) (CHIX:JDWL) Beneish M-Score: -2.62 (As of Jun. 24, 2026)

What is Wetherspoon (J D) Beneish M-Score?

Wetherspoon (J D) CHIX:JDWL +1.21% 73 Beneish M-Score is -2.62 as of Jun. 24, 2026. GuruFocus rates CHIX:JDWL with a GF Score™ of 73/100 and a GF Value™ of £8.39 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 357 Restaurants companies, Wetherspoon (J D) ranks worse than 61.9% 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 -2.62 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Wetherspoon (J D)'s Beneish M-Score or its related term are showing as below:

CHIX:JDWl' s Beneish M-Score Range Over the Past 10 Years
Min: -4.34 Med: -2.67 Max: 0.6
Current: -2.62

During the past 13 years, the highest Beneish M-Score of Wetherspoon (J D) was 0.60. The lowest was -4.34. And the median was -2.67.

Wetherspoon (J D) Beneish M-Score Related Terms

Wetherspoon (J D) Beneish M-Score Historical Data

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The historical data trend for Wetherspoon (J D)'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.

Wetherspoon (J D) Beneish M-Score Chart

Wetherspoon (J D) Annual Data

Trend

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Jul25

Beneish M-Score

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-2.00

0.60

-4.34

-2.32

-2.62

Wetherspoon (J D) Semi-Annual Data
	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24	Jan25	Jul25
Beneish M-Score	Get a 7-Day Free Trial															-4.34	0.00	-2.32	0.00	-2.62

CHIX:JDWL vs MCD, SBUX, CMG: Beneish M-Score Comparison

For the Restaurants subindustry, Wetherspoon (J D)'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.

Wetherspoon (J D) Beneish M-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Wetherspoon (J D)'s Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Wetherspoon (J D)'s Beneish M-Score falls into.

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73GF Score

Wetherspoon (J D) PLC CHIX:JDWL

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Wetherspoon (J D) 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 Wetherspoon (J D) for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.067

0.528 * 1

0.404 * 1.2075

0.892 * 1.0452

0.115 * 0.9108

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * -0.065639

0.327 * 1.0269

-2.62

This Year (Jul25) TTM:

Last Year (Jul24) TTM:

Total Receivables was £10 Mil.
Revenue was £2,128 Mil.
Gross Profit was £2,128 Mil.
Total Current Assets was £100 Mil.
Total Assets was £1,908 Mil.
Property, Plant and Equipment(Net PPE) was £1,777 Mil.
Depreciation, Depletion and Amortization(DDA) was £114 Mil.
Selling, General, & Admin. Expense(SGA) was £0 Mil.
Total Current Liabilities was £361 Mil.
Long-Term Debt & Capital Lease Obligation was £1,119 Mil.
Net Income was £68 Mil.
Gross Profit was £0 Mil.
Cash Flow from Operations was £193 Mil.

Total Receivables was £9 Mil.
Revenue was £2,036 Mil.
Gross Profit was £2,036 Mil.
Total Current Assets was £122 Mil.
Total Assets was £1,904 Mil.
Property, Plant and Equipment(Net PPE) was £1,757 Mil.
Depreciation, Depletion and Amortization(DDA) was £102 Mil.
Selling, General, & Admin. Expense(SGA) was £0 Mil.
Total Current Liabilities was £351 Mil.
Long-Term Debt & Capital Lease Obligation was £1,088 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)
	=	(9.866 / 2127.524)	/	(8.846 / 2035.5)
	=	0.004637	/	0.004346
	=	1.067

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)
	=	(2035.5 / 2035.5)	/	(2127.524 / 2127.524)
	=	1	/	1
	=	1

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 - (100.064 + 1777.126) / 1907.94)	/	(1 - (122.138 + 1756.815) / 1904.37)
	=	0.016117	/	0.013347
	=	1.2075

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
	=	2127.524	/	2035.5
	=	1.0452

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))
	=	(102.382 / (102.382 + 1756.815))	/	(114.365 / (114.365 + 1777.126))
	=	0.055068	/	0.060463
	=	0.9108

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)
	=	(0 / 2127.524)	/	(0 / 2035.5)
	=	0	/	0
	=	1

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)
	=	((1119.263 + 361.407) / 1907.94)	/	((1087.794 + 351.389) / 1904.37)
	=	0.776057	/	0.755727
	=	1.0269

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
	=	(67.991 - 0	-	193.227)	/	1907.94
	=	-0.065639

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.

Wetherspoon (J D) has a M-score of -2.62 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 -2.62 mean?

Wetherspoon (J D) (CHIX:JDWL) has a Beneish M-Score of -2.62 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Wetherspoon (J D) and its competitors. According to the industry distribution chart, Wetherspoon (J D) ranks #221 out of 357 companies in the Restaurants industry, placing it in the top 61.9%.

Is Wetherspoon (J D)'s Beneish M-Score too high?

Wetherspoon (J D)'s current Beneish M-Score is -2.62. Based on the distribution chart, Wetherspoon (J D) ranks #221 out of 357 companies in the Restaurants industry, which is below the industry midpoint. Overall, Wetherspoon (J D) has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Wetherspoon (J D)'s Beneish M-Score compare to MCD and SBUX?

According to the Restaurants industry distribution chart, Wetherspoon (J D) ranks #221 out of 357 companies for Beneish M-Score. This places Wetherspoon (J D) 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 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 Wetherspoon (J D) and its competitors. Wetherspoon (J D)'s current Beneish M-Score is -2.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Wetherspoon (J D) stock overvalued right now?

Based on GuruFocus' analysis, Wetherspoon (J D) (CHIX:JDWL) is currently considered Modestly Undervalued. The stock's GF Value™ is £8.39, compared to a current price of £6.71 — trading 20.1% below its estimated fair value. The current Beneish M-Score is -2.62. Wetherspoon (J D)'s overall GF Score™ is 73/100 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 Wetherspoon (J D) (CHIX:JDWL), the current Beneish M-Score is -2.62 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.

Is Wetherspoon (J D) (CHIX:JDWL) Overvalued in 2026?

Based on GuruFocus' analysis, Wetherspoon (J D) stock appears to be undervalued. The current stock price of £6.71 is trading 20.1% below its estimated GF Value™ of £8.39. GuruFocus considers Wetherspoon (J D) to be Modestly Undervalued.

Key valuation signals for CHIX:JDWL:

Beneish M-Score: -2.62
GF Value™: £8.39 vs. price of £6.71 (20.1% below fair value)
GF Score™: 73/100 with 5 warning signs

No single metric tells the full story. See the CHIX:JDWL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Wetherspoon (J D) Business Description

Industry Consumer Cyclical Restaurants

Comparable Companies LSE:DOM LSE:YNGA LSE:FSTA LSE:MARS AQSE:SHEP LSE:DPP AQSE:THW LSE:SSPG LSE:TMO LSE:MEX MCD SBUX LSE:CPG CMG YUM TSX:QSR TSX:QSP.UN DRI YUMC TXRH

Other Exchanges JDW:UK 0QW:Germany

Address Wetherspoon House, Central Park, Reeds Crescent, Watford, GBR, WD24 4QL

Website https://www.jdwetherspoon.com

Wetherspoon (J D) PLC owns and operates close to 1,000 pubs throughout the United Kingdom and Ireland. The pubs generate nearly all of the company's total revenue, but it also has a very small hotel business. Its locations are in or near town centres or in suburban locations. It also has pubs in airports and railway stations. The company leases roughly half of its locations and owns the other half. Majority of its pubs operate under individual brand names. Brands with multiple locations include Wetherspoon's and Moon Under Water.

73GF Score

Get the complete analysis for CHIX:JDWL

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

£6.71

Price

£8.39

GF Value

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