FXWZF (Fox-Wizel) Beneish M-Score: -2.21 (As of Aug. 11, 2026)

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FXWZF Fox-Wizel Ltd FXWZF
88 GF Score
Price $30.04
GF Value $38.29
! 4 Warning Signs
View Full Analysis

What is Fox-Wizel Beneish M-Score?

Fox-Wizel FXWZF 88 Beneish M-Score is -2.21 as of Aug. 11, 2026. GuruFocus rates FXWZF with a GF Score™ of 88/100 and a GF Value™ of $38.29. The stock has 4 warning signs investors should review. Among 998 Manufacturing - Apparel & Accessories companies, Fox-Wizel ranks worse than 69.14% 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 -2.21 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

FXWZF' s Beneish M-Score Range Over the Past 10 Years
Min: -3.25   Med: -2.61   Max: -1.82
Current: -2.21

During the past 13 years, the highest Beneish M-Score of Fox-Wizel was -1.82. The lowest was -3.25. And the median was -2.61.


Fox-Wizel Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Fox-Wizel'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.

Fox-Wizel Beneish M-Score Chart

Fox-Wizel Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.69 -2.63 -2.85 -2.89 -2.23

Fox-Wizel Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 -2.69 -2.54 -2.68 -2.23 -2.21

FXWZF vs RL, LEVI, VFC: Beneish M-Score Comparison

For the Apparel Manufacturing subindustry, Fox-Wizel'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.


Fox-Wizel Beneish M-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Fox-Wizel's Beneish M-Score distribution charts can be found below:

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


FXWZF
88GF Score
Fox-Wizel Ltd FXWZF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fox-Wizel 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 Fox-Wizel 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 * 1.0164+0.528 * 0.9959+0.404 * 0.9086+0.892 * 1.0851+0.115 * 1.0604
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9696+4.679 * 0.046483-0.327 * 1.0366
=-2.21

* 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 $284 Mil.
Revenue was 519.458 + 687.235 + 637.535 + 539.91 = $2,384 Mil.
Gross Profit was 288.65 + 398.928 + 359.472 + 325.713 = $1,373 Mil.
Total Current Assets was $1,303 Mil.
Total Assets was $3,429 Mil.
Property, Plant and Equipment(Net PPE) was $1,831 Mil.
Depreciation, Depletion and Amortization(DDA) was $266 Mil.
Selling, General, & Admin. Expense(SGA) was $213 Mil.
Total Current Liabilities was $908 Mil.
Long-Term Debt & Capital Lease Obligation was $1,702 Mil.
Net Income was -8.231 + 34.55 + 19.28 + 17.443 = $63 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0 Mil.
Cash Flow from Operations was 14.307 + -209.3 + 88.682 + 9.939 = $-96 Mil.
Total Receivables was $257 Mil.
Revenue was 492.318 + 633.026 + 543.311 + 528.459 = $2,197 Mil.
Gross Profit was 273.667 + 363.503 + 306.628 + 316.039 = $1,260 Mil.
Total Current Assets was $1,168 Mil.
Total Assets was $2,980 Mil.
Property, Plant and Equipment(Net PPE) was $1,529 Mil.
Depreciation, Depletion and Amortization(DDA) was $238 Mil.
Selling, General, & Admin. Expense(SGA) was $203 Mil.
Total Current Liabilities was $935 Mil.
Long-Term Debt & Capital Lease Obligation was $1,253 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)
=(283.962 / 2384.138) / (257.473 / 2197.114)
=0.119105 / 0.117187
=1.0164

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)
=(1259.837 / 2197.114) / (1372.763 / 2384.138)
=0.573405 / 0.57579
=0.9959

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 - (1302.854 + 1831.327) / 3429.477) / (1 - (1167.964 + 1529.375) / 2979.717)
=0.086105 / 0.094767
=0.9086

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
=2384.138 / 2197.114
=1.0851

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))
=(237.686 / (237.686 + 1529.375)) / (266.057 / (266.057 + 1831.327))
=0.134509 / 0.126852
=1.0604

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)
=(213.139 / 2384.138) / (202.576 / 2197.114)
=0.089399 / 0.092201
=0.9696

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)
=((1701.965 + 907.706) / 3429.477) / ((1252.838 + 934.614) / 2979.717)
=0.760953 / 0.734114
=1.0366

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
=(63.042 - 0 - -96.372) / 3429.477
=0.046483

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.

Fox-Wizel has a M-score of -2.21 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 -2.21 mean?
Fox-Wizel (FXWZF) has a Beneish M-Score of -2.21 as of Aug. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Fox-Wizel and its competitors. According to the industry distribution chart, Fox-Wizel ranks #690 out of 998 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 69.1%.
Is Fox-Wizel's Beneish M-Score too high?
Fox-Wizel's current Beneish M-Score is -2.21. Based on the distribution chart, Fox-Wizel ranks #690 out of 998 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Fox-Wizel has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Fox-Wizel's Beneish M-Score compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Fox-Wizel ranks #690 out of 998 companies for Beneish M-Score. This places Fox-Wizel 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Fox-Wizel and its competitors. Fox-Wizel's current Beneish M-Score is -2.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fox-Wizel stock overvalued right now?
Fox-Wizel (FXWZF) has a current Beneish M-Score of -2.21. The stock's GF Value™ is $38.29, compared to a current price of $30.04 — trading 21.5% below its estimated fair value. The current Beneish M-Score is -2.21. Fox-Wizel's overall GF Score™ is 88/100 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 Fox-Wizel (FXWZF), the current Beneish M-Score is -2.21 as of Aug. 11, 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 Fox-Wizel (FXWZF) Overvalued in 2026?

Based on GuruFocus' analysis, Fox-Wizel stock appears to be undervalued. The current stock price of $30.04 is trading 21.5% below its estimated GF Value™ of $38.29.

Key valuation signals for FXWZF:

  • Beneish M-Score: -2.21
  • GF Value™: $38.29 vs. price of $30.04 (21.5% below fair value)
  • GF Score™: 88/100 with 4 warning signs

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


Fox-Wizel Business Description

Other Exchanges FOX:Israel
Address Hermon Street, POB 76 Ben Gurion Airport, Airport City, ISR, 70100
Fox-Wizel Ltd is an Israel-based company which is engaged in apparel manufacturing. The company business activities include design, production distribution, marketing and selling of fashion apparel for men, women, and children; housewares and textile products; footwear, bags, and accessories. It is also engaged in the production of soaps, candles, bath and aromatic products. The company owns a number of brands including Fox, American Eagle, Aerie, TCP, Charles & Keith, Laline and Mango. It organizes its business into two segments namely fashion and home fashion and aromatic bath and body care products. The company operates its business across the globe. It generates the majority of its revenue from Israel.
88GF Score

Get the complete analysis for FXWZF

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

$30.04
Price
$38.29
GF Value