Newmark Security (LSE:NWT) Beneish M-Score: -2.65 (As of Jun. 26, 2026)


LSE:NWT Newmark Security PLC LSE:NWT
57 GF Score
Price £1.12
GF Value £0.93
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Newmark Security Beneish M-Score?

Newmark Security LSE:NWT 57 Beneish M-Score is -2.65 as of Jun. 26, 2026. GuruFocus rates LSE:NWT with a GF Score™ of 57/100 and a GF Value™ of £0.93 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,020 Business Services companies, Newmark Security ranks better than 58.14% 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 -2.65 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LSE:NWT' s Beneish M-Score Range Over the Past 10 Years
Min: -4.01   Med: -2.71   Max: -2.09
Current: -2.65

During the past 13 years, the highest Beneish M-Score of Newmark Security was -2.09. The lowest was -4.01. And the median was -2.71.


Newmark Security Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Newmark Security'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.

Newmark Security Beneish M-Score Chart

Newmark Security Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.76 -2.40 -2.77 -3.30 -2.65

Newmark Security Semi-Annual Data
Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25
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 -3.30 0.00 -2.65 0.00

LSE:NWT vs ALLE, MSA, ADT: Beneish M-Score Comparison

For the Security & Protection Services subindustry, Newmark Security'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.


Newmark Security Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Newmark Security's Beneish M-Score distribution charts can be found below:

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


LSE:NWT
57GF Score
Newmark Security PLC LSE:NWT
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Newmark Security 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 Newmark Security 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 * 1.1531+0.528 * 0.946+0.404 * 0.992+0.892 * 1.0341+0.115 * 0.9857
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0467+4.679 * -0.070593-0.327 * 0.9021
=-2.65

* 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 (Apr25) TTM:Last Year (Apr24) TTM:
Total Receivables was £4.86 Mil.
Revenue was £23.04 Mil.
Gross Profit was £9.39 Mil.
Total Current Assets was £8.13 Mil.
Total Assets was £16.15 Mil.
Property, Plant and Equipment(Net PPE) was £2.70 Mil.
Depreciation, Depletion and Amortization(DDA) was £1.49 Mil.
Selling, General, & Admin. Expense(SGA) was £8.46 Mil.
Total Current Liabilities was £6.17 Mil.
Long-Term Debt & Capital Lease Obligation was £1.19 Mil.
Net Income was £0.66 Mil.
Gross Profit was £0.00 Mil.
Cash Flow from Operations was £1.80 Mil.
Total Receivables was £4.08 Mil.
Revenue was £22.28 Mil.
Gross Profit was £8.59 Mil.
Total Current Assets was £8.42 Mil.
Total Assets was £16.65 Mil.
Property, Plant and Equipment(Net PPE) was £2.70 Mil.
Depreciation, Depletion and Amortization(DDA) was £1.46 Mil.
Selling, General, & Admin. Expense(SGA) was £7.81 Mil.
Total Current Liabilities was £6.52 Mil.
Long-Term Debt & Capital Lease Obligation was £1.89 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)
=(4.864 / 23.037) / (4.079 / 22.277)
=0.211139 / 0.183104
=1.1531

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)
=(8.585 / 22.277) / (9.385 / 23.037)
=0.385375 / 0.407388
=0.946

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 - (8.134 + 2.695) / 16.149) / (1 - (8.419 + 2.702) / 16.65)
=0.329432 / 0.332072
=0.992

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
=23.037 / 22.277
=1.0341

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))
=(1.459 / (1.459 + 2.702)) / (1.488 / (1.488 + 2.695))
=0.350637 / 0.355726
=0.9857

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)
=(8.455 / 23.037) / (7.811 / 22.277)
=0.367018 / 0.350631
=1.0467

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)
=((1.192 + 6.172) / 16.149) / ((1.893 + 6.523) / 16.65)
=0.456003 / 0.505465
=0.9021

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
=(0.662 - 0 - 1.802) / 16.149
=-0.070593

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.

Newmark Security has a M-score of -2.65 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 -2.65 mean?
Newmark Security (LSE:NWT) has a Beneish M-Score of -2.65 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Newmark Security and its competitors. According to the industry distribution chart, Newmark Security ranks #427 out of 1020 companies in the Business Services industry, placing it in the top 41.9%.
Is Newmark Security's Beneish M-Score too high?
Newmark Security's current Beneish M-Score is -2.65. Based on the distribution chart, Newmark Security ranks #427 out of 1020 companies in the Business Services industry, which is above the industry midpoint. Overall, Newmark Security has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Newmark Security's Beneish M-Score compare to ALLE and MSA?
According to the Business Services industry distribution chart, Newmark Security ranks #427 out of 1020 companies for Beneish M-Score. This puts Newmark Security 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 Business Services company?
A good Beneish M-Score depends on the Business Services 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 Newmark Security and its competitors. Newmark Security's current Beneish M-Score is -2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newmark Security stock overvalued right now?
Based on GuruFocus' analysis, Newmark Security (LSE:NWT) is currently considered Modestly Overvalued. The stock's GF Value™ is £0.93, compared to a current price of £1.12 — trading 19.9% above its estimated fair value. The current Beneish M-Score is -2.65. Newmark Security's overall GF Score™ is 57/100 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 Newmark Security (LSE:NWT), the current Beneish M-Score is -2.65 as of Jun. 26, 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 Newmark Security (LSE:NWT) Overvalued in 2026?

Based on GuruFocus' analysis, Newmark Security stock appears to be overvalued. The current stock price of £1.12 is trading 19.9% above its estimated GF Value™ of £0.93. GuruFocus considers Newmark Security to be Modestly Overvalued.

Key valuation signals for LSE:NWT:

  • Beneish M-Score: -2.65
  • GF Value™: £0.93 vs. price of £1.12 (19.9% above fair value)
  • GF Score™: 57/100 with 6 warning signs

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


Newmark Security Business Description

Address 91 Wimpole Street, London, GBR, W1G 0EF
Newmark Security PLC is a UK-based security solutions provider. The company operates in the People and Data Management division, which is involved in the design, manufacture, and distribution of access control systems and the design, manufacture, and distribution of HCM hardware only, for time-and-attendance, shop-floor data collection, and access control systems. The Physical Security Solutions division is involved in the design, manufacture, installation, and maintenance of fixed and reactive security screens, reception counters, cash management systems, and associated security equipment. The company operates in the UK and derives the majority of its revenues from the People and Data Management division.
57GF Score

Get the complete analysis for LSE:NWT

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

£1.12
Price
£0.93
GF Value