Wise Group (FRA:6WS) Beneish M-Score: -3.61 (As of Jun. 25, 2026)


FRA:6WS Wise Group PLC FRA:6WS
95 GF Score
Price €12.19
GF Value €18.02
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Wise Group Beneish M-Score?

Wise Group FRA:6WS 95 Beneish M-Score is -3.61 as of Jun. 25, 2026. GuruFocus rates FRA:6WS with a GF Score™ of 95/100 and a GF Value™ of €18.02 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,633 Software companies, Wise Group ranks better than 89.06% 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 -3.61 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

FRA:6WS' s Beneish M-Score Range Over the Past 10 Years
Min: -4.52   Med: -3.61   Max: -2.53
Current: -3.61

During the past 7 years, the highest Beneish M-Score of Wise Group was -2.53. The lowest was -4.52. And the median was -3.61.

Wise Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Wise 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.

Wise Group Beneish M-Score Chart

Wise Group Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score
Get a 7-Day Free Trial -4.52 -3.88 -3.47 -2.53 -3.61

Wise Group Semi-Annual Data
Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -2.53 0.00 -3.61 0.00

FRA:6WS vs APLD, CACI, IT: Beneish M-Score Comparison

For the Information Technology Services subindustry, Wise 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.

Wise Group Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Wise Group's Beneish M-Score distribution charts can be found below:

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


FRA:6WS
95GF Score
Wise Group PLC FRA:6WS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wise 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 Wise 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 * 0.6493+0.528 * 0.9815+0.404 * 0.7083+0.892 * 1.2012+0.115 * 2.5514
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.2475+4.679 * -0.21187-0.327 * 0.9926
=-3.60

* 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 (Mar25) TTM:Last Year (Mar24) TTM:
Total Receivables was €354 Mil.
Revenue was €2,159 Mil.
Gross Profit was €1,563 Mil.
Total Current Assets was €22,710 Mil.
Total Assets was €23,001 Mil.
Property, Plant and Equipment(Net PPE) was €139 Mil.
Depreciation, Depletion and Amortization(DDA) was €22 Mil.
Selling, General, & Admin. Expense(SGA) was €390 Mil.
Total Current Liabilities was €21,063 Mil.
Long-Term Debt & Capital Lease Obligation was €208 Mil.
Net Income was €498 Mil.
Gross Profit was €0 Mil.
Cash Flow from Operations was €5,371 Mil.
 Total Receivables was €453 Mil.
Revenue was €1,797 Mil.
Gross Profit was €1,277 Mil.
Total Current Assets was €17,490 Mil.
Total Assets was €17,696 Mil.
Property, Plant and Equipment(Net PPE) was €40 Mil.
Depreciation, Depletion and Amortization(DDA) was €21 Mil.
Selling, General, & Admin. Expense(SGA) was €260 Mil.
Total Current Liabilities was €16,237 Mil.
Long-Term Debt & Capital Lease Obligation was €249 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)
=(353.508 / 2158.572) / (453.22 / 1796.981)
=0.163769 / 0.252212
=0.6493

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)
=(1277.011 / 1796.981) / (1562.939 / 2158.572)
=0.710642 / 0.724062
=0.9815

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 - (22710.065 + 138.511) / 23000.95) / (1 - (17489.936 + 40.097) / 17695.563)
=0.006625 / 0.009354
=0.7083

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
=2158.572 / 1796.981
=1.2012

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))
=(21.393 / (21.393 + 40.097)) / (21.87 / (21.87 + 138.511))
=0.34791 / 0.136363
=2.5514

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)
=(389.599 / 2158.572) / (259.985 / 1796.981)
=0.180489 / 0.144679
=1.2475

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)
=((207.946 + 21062.632) / 23000.95) / ((249.23 + 16236.773) / 17695.563)
=0.92477 / 0.931646
=0.9926

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
=(497.994 - 0 - 5371.214) / 23000.95
=-0.21187

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.

Wise Group has a M-score of -3.60 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 -3.61 mean?
Wise Group (FRA:6WS) has a Beneish M-Score of -3.61 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Wise Group and its competitors. According to the industry distribution chart, Wise Group ranks #288 out of 2633 companies in the Software industry, placing it in the top 10.9%.
Is Wise Group's Beneish M-Score too high?
Wise Group's current Beneish M-Score is -3.61. Based on the distribution chart, Wise Group ranks #288 out of 2633 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Wise Group has a GF Score™ of 95/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Wise Group's Beneish M-Score compare to APLD and CACI?
According to the Software industry distribution chart, Wise Group ranks #288 out of 2633 companies for Beneish M-Score. This places Wise Group in the top 11% of its industry — outperforming the majority of peers. 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 Software company?
A good Beneish M-Score depends on the Software 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 Wise Group and its competitors. Wise Group's current Beneish M-Score is -3.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wise Group stock overvalued right now?
Based on GuruFocus' analysis, Wise Group (FRA:6WS) is currently considered Possible Value Trap. The stock's GF Value™ is €18.02, compared to a current price of €12.19 — trading 32.4% below its estimated fair value. The current Beneish M-Score is -3.61. Wise Group's overall GF Score™ is 95/100 with 4 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 Wise Group (FRA:6WS), the current Beneish M-Score is -3.61 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.

Is Wise Group (FRA:6WS) Overvalued in 2026?

Based on GuruFocus' analysis, Wise Group stock appears to be undervalued. The current stock price of €12.19 is trading 32.4% below its estimated GF Value™ of €18.02. GuruFocus considers Wise Group to be Possible Value Trap.

Key valuation signals for FRA:6WS:

  • Beneish M-Score: -3.61
  • GF Value™: €18.02 vs. price of €12.19 (32.4% below fair value)
  • GF Score™: 95/100 with 4 warning signs

No single metric tells the full story. See the FRA:6WS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Wise Group Business Description

Address 65 Clifton Street, 1st Floor Worship Square, London, GBR, EC2A 4JE
Wise is a currency conversion platform that matches, where possible, offsetting currency transactions across borders to reduce costs. The group focuses primarily on private clients and small and midsize enterprises, but it is building out its platform business aimed at providing its services as a backend solution to banks. By operating local accounts in each jurisdiction Wise sends money to or receives money from, this fintech offers faster and cheaper currency transfer services than incumbents (banks). Wise has started to broaden its product offering, issuing its clients debit cards and allowing customers to invest funds in various asset management products.
95GF Score

Get the complete analysis for FRA:6WS

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

€12.19
Price
€18.02
GF Value