EWGFF (Eat Well Investment Group) Beneish M-Score: 0.00 (As of Jun. 25, 2026)


What is Eat Well Investment Group Beneish M-Score?

Eat Well Investment Group EWGFF Beneish M-Score is 0.00 as of Jun. 25, 2026. The stock has 4 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, Eat Well Investment Group ranks worse than 54083.23% 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.

The historical rank and industry rank for Eat Well Investment Group's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Eat Well Investment Group was -3.47. The lowest was -3.47. And the median was -3.47.

Eat Well Investment Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Eat Well Investment Group'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.

Eat Well Investment Group Beneish M-Score Chart

Eat Well Investment Group Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 -3.47

Eat Well Investment Group Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Dec22 Dec23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 -3.47 0.00

EWGFF vs RKDA, TRWD, ORIS: Beneish M-Score Comparison

For the Packaged Foods subindustry, Eat Well Investment Group'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.

Eat Well Investment Group Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Eat Well Investment Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Eat Well Investment Group's Beneish M-Score falls into.


Eat Well Investment Group 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 Eat Well Investment Group 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 $6.12 Mil.
Revenue was 8.395 + 12.151 + 9.186 + 7.118 = $36.85 Mil.
Gross Profit was 1.321 + 1.899 + 1.246 + 0.678 = $5.14 Mil.
Total Current Assets was $14.26 Mil.
Total Assets was $39.16 Mil.
Property, Plant and Equipment(Net PPE) was $7.32 Mil.
Depreciation, Depletion and Amortization(DDA) was $3.27 Mil.
Selling, General, & Admin. Expense(SGA) was $3.33 Mil.
Total Current Liabilities was $19.08 Mil.
Long-Term Debt & Capital Lease Obligation was $14.93 Mil.
Net Income was -1.036 + -0.597 + -0.745 + -0.979 = $-3.36 Mil.
Non Operating Income was -0.299 + -0.095 + -0.02 + 0.097 = $-0.32 Mil.
Cash Flow from Operations was -0.295 + 0.589 + -1.934 + 3.518 = $1.88 Mil.
 Total Receivables was $0.00 Mil.
Revenue was 9.726 + 13.298 + 9.972 + 7.166 = $40.16 Mil.
Gross Profit was 1.115 + 1.852 + 1.226 + 0.48 = $4.67 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $0.00 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $3.01 Mil.
Selling, General, & Admin. Expense(SGA) was $4.59 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 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)
=(6.122 / 36.85) / (0 / 40.162)
=0.166133 / 0
=

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)
=(4.673 / 40.162) / (5.144 / 36.85)
=0.116354 / 0.139593
=

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 - (14.257 + 7.322) / 39.157) / (1 - (0 + 0) / 0)
=0.448911 /
=

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
=36.85 / 40.162
=

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))
=(3.007 / (3.007 + 0)) / (3.273 / (3.273 + 7.322))
=1 / 0.308919
=

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)
=(3.33 / 36.85) / (4.594 / 40.162)
=0.090366 / 0.114387
=

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)
=((14.934 + 19.082) / 39.157) / ((0 + 0) / 0)
=0.868708 /
=

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
=(-3.357 - -0.317 - 1.878) / 39.157
=-0.125597

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Eat Well Investment Group (EWGFF) has a Beneish M-Score of 0.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Eat Well Investment Group and its competitors. According to the industry distribution chart, Eat Well Investment Group ranks #999999 out of 1849 companies in the Consumer Packaged Goods industry.
Is Eat Well Investment Group's Beneish M-Score too high?
Eat Well Investment Group's current Beneish M-Score is 0.00. Based on the distribution chart, Eat Well Investment Group ranks #999999 out of 1849 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers.
How does Eat Well Investment Group's Beneish M-Score compare to RKDA and TRWD?
According to the Consumer Packaged Goods industry distribution chart, Eat Well Investment Group ranks #999999 out of 1849 companies for Beneish M-Score. This places Eat Well Investment Group 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 Eat Well Investment Group and its competitors. Eat Well Investment Group's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eat Well Investment Group stock overvalued right now?
Based on GuruFocus' analysis, Eat Well Investment Group (EWGFF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.04, compared to a current price of $0.04 — trading 12.5% below its estimated fair value. The current Beneish M-Score is 0.00. 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 Eat Well Investment Group (EWGFF), the current Beneish M-Score is 0.00 as of Jun. 25, 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.

Eat Well Investment Group Business Description

Address 1090 West Georgia Street, Suite 1305, Vancouver, BC, CAN, V6E 3V7
Eat Well Investment Group Inc is a holding company and provides strategic oversight, capital allocation, and financial management for its operating subsidiaries. It is a Canadian-based agri-food company focused on the processing, distribution, and commercialization of plant-based food ingredients. Through its subsidiary, the company is engaged in the sourcing, processing, packaging, and sale of dry pulse products, with a focus on yellow and green split peas. Its product portfolio consists of Belle Pulses, Sapientia, and Amara Organic Foods among others.