Hollywood Bowl Group (LSE:BOWL) Beneish M-Score: -2.76 (As of Jun. 28, 2026)

What is Hollywood Bowl Group Beneish M-Score?

Hollywood Bowl Group LSE:BOWL -0.54% 90 Beneish M-Score is -2.76 as of Jun. 28, 2026. GuruFocus rates LSE:BOWL with a GF Score™ of 90/100 and a GF Value™ of £3.34 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 824 Travel & Leisure companies, Hollywood Bowl Group ranks better than 62.74% 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 -2.76 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LSE:BOWL' s Beneish M-Score Range Over the Past 10 Years
Min: -4.17 Med: -2.84 Max: -0.12
Current: -2.76

During the past 13 years, the highest Beneish M-Score of Hollywood Bowl Group was -0.12. The lowest was -4.17. And the median was -2.84.

Hollywood Bowl Group Beneish M-Score Related Terms

Hollywood Bowl Group Beneish M-Score Historical Data

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The historical data trend for Hollywood Bowl 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.

Hollywood Bowl Group Beneish M-Score Chart

Hollywood Bowl Group Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

Beneish M-Score

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-0.12

-1.66

-1.70

-3.18

-2.76

Hollywood Bowl Group Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															0.00	-3.18	0.00	-2.76	0.00

LSE:BOWL vs AS, HAS, LTH: Beneish M-Score Comparison

For the Leisure subindustry, Hollywood Bowl 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.

Hollywood Bowl Group Beneish M-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Hollywood Bowl Group's Beneish M-Score distribution charts can be found below:

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

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90GF Score

Hollywood Bowl Group PLC LSE:BOWL

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

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Hollywood Bowl 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 Hollywood Bowl Group 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 * 1.1096

0.528 * 1.0084

0.404 * 0.9451

0.892 * 1.0879

0.115 * 0.9567

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0574

4.679 * -0.08865

0.327 * 1.0362

-2.76

This Year (Sep25) TTM:

Last Year (Sep24) TTM:

Total Receivables was £2.0 Mil.
Revenue was £250.7 Mil.
Gross Profit was £157.0 Mil.
Total Current Assets was £30.6 Mil.
Total Assets was £439.2 Mil.
Property, Plant and Equipment(Net PPE) was £308.5 Mil.
Depreciation, Depletion and Amortization(DDA) was £31.7 Mil.
Selling, General, & Admin. Expense(SGA) was £97.6 Mil.
Total Current Liabilities was £50.2 Mil.
Long-Term Debt & Capital Lease Obligation was £220.7 Mil.
Net Income was £34.6 Mil.
Gross Profit was £0.0 Mil.
Cash Flow from Operations was £73.5 Mil.

Total Receivables was £1.6 Mil.
Revenue was £230.4 Mil.
Gross Profit was £145.5 Mil.
Total Current Assets was £42.3 Mil.
Total Assets was £417.8 Mil.
Property, Plant and Equipment(Net PPE) was £274.7 Mil.
Depreciation, Depletion and Amortization(DDA) was £26.9 Mil.
Selling, General, & Admin. Expense(SGA) was £84.9 Mil.
Total Current Liabilities was £44.7 Mil.
Long-Term Debt & Capital Lease Obligation was £204.0 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)
	=	(1.97 / 250.662)	/	(1.632 / 230.399)
	=	0.007859	/	0.007083
	=	1.1096

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)
	=	(145.498 / 230.399)	/	(156.968 / 250.662)
	=	0.631504	/	0.626214
	=	1.0084

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 - (30.583 + 308.454) / 439.222)	/	(1 - (42.287 + 274.703) / 417.831)
	=	0.228096	/	0.241344
	=	0.9451

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
	=	250.662	/	230.399
	=	1.0879

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))
	=	(26.854 / (26.854 + 274.703))	/	(31.66 / (31.66 + 308.454))
	=	0.089051	/	0.093086
	=	0.9567

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)
	=	(97.616 / 250.662)	/	(84.853 / 230.399)
	=	0.389433	/	0.368287
	=	1.0574

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)
	=	((220.662 + 50.194) / 439.222)	/	((204.011 + 44.658) / 417.831)
	=	0.616672	/	0.595143
	=	1.0362

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
	=	(34.609 - 0	-	73.546)	/	439.222
	=	-0.08865

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.

Hollywood Bowl Group has a M-score of -2.76 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 -2.76 mean?

Hollywood Bowl Group (LSE:BOWL) has a Beneish M-Score of -2.76 as of Jun. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hollywood Bowl Group and its competitors. According to the industry distribution chart, Hollywood Bowl Group ranks #307 out of 824 companies in the Travel & Leisure industry, placing it in the top 37.3%.

Is Hollywood Bowl Group's Beneish M-Score too high?

Hollywood Bowl Group's current Beneish M-Score is -2.76. Based on the distribution chart, Hollywood Bowl Group ranks #307 out of 824 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Hollywood Bowl Group has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Hollywood Bowl Group's Beneish M-Score compare to AS and HAS?

According to the Travel & Leisure industry distribution chart, Hollywood Bowl Group ranks #307 out of 824 companies for Beneish M-Score. This puts Hollywood Bowl Group in the upper 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 Travel & Leisure company?

A good Beneish M-Score depends on the Travel & Leisure 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 Hollywood Bowl Group and its competitors. Hollywood Bowl Group's current Beneish M-Score is -2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hollywood Bowl Group stock overvalued right now?

Based on GuruFocus' analysis, Hollywood Bowl Group (LSE:BOWL) is currently considered Modestly Undervalued. The stock's GF Value™ is £3.34, compared to a current price of £2.78 — trading 16.9% below its estimated fair value. The current Beneish M-Score is -2.76. Hollywood Bowl Group's overall GF Score™ is 90/100 with 6 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 Hollywood Bowl Group (LSE:BOWL), the current Beneish M-Score is -2.76 as of Jun. 28, 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 Hollywood Bowl Group (LSE:BOWL) Overvalued in 2026?

Based on GuruFocus' analysis, Hollywood Bowl Group stock appears to be undervalued. The current stock price of £2.78 is trading 16.9% below its estimated GF Value™ of £3.34. GuruFocus considers Hollywood Bowl Group to be Modestly Undervalued.

Key valuation signals for LSE:BOWL:

Beneish M-Score: -2.76
GF Value™: £3.34 vs. price of £2.78 (16.9% below fair value)
GF Score™: 90/100 with 6 warning signs

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

Hollywood Bowl Group Business Description

Industry Consumer Cyclical Travel & Leisure

Comparable Companies LSE:GYM LSE:TUNE LSE:CCT LSE:XPF LSE:TND HKSE:09992 HKSE:02020 TSE:4661 AS TSE:7832 HAS TSE:7309 LSE:GAW LTH HKSE:02331 GOLF MAT PLNT XMAD:FDR MIL:TGYM

Other Exchanges BOWLl:UK 2H4:Germany

Address Cleveland Road, Focus 31, West Wing, Hemel Hempstead Industrial Estate, Hemel Hempstead, Hertfordshire, GBR, HP2 7BW

Website https://www.hollywoodbowlgroup.com

Hollywood Bowl Group PLC is principally engaged in operating ten-pin bowling and mini-golf centres, supplying and installing bowling equipment, and developing new centres and related activities. The company operates brands including Hollywood Bowl, Splitsville, and Puttstars, with activities focused on leisure and entertainment venues offering bowling and mini-golf. It has two operating segments: i) the provision of ten-pin bowling and mini-golf centres in the United Kingdom, and ii) the provision of ten-pin bowling and mini-golf centres and the installation of bowling equipment in Canada. The majority of revenue is generated from the UK segment from the provision of activities like Bowling, Food and drink, Amusements and Others.

90GF Score

Get the complete analysis for LSE:BOWL

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

£2.78

Price

£3.34

GF Value

View LSE:BOWL Analysis

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