Wizz Air Holdings (LSE:WIZZ) Beneish M-Score: -2.40 (As of Jul. 03, 2026)


LSE:WIZZ Wizz Air Holdings PLC LSE:WIZZ
76 GF Score
Price £12.00
GF Value £17.95
Valuation Possible Value Trap
! 6 Warning Signs
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What is Wizz Air Holdings Beneish M-Score?

Wizz Air Holdings LSE:WIZZ -1.88% 76 Beneish M-Score is -2.40 as of Jul. 03, 2026. GuruFocus rates LSE:WIZZ with a GF Score™ of 76/100 and a GF Value™ of £17.95 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 964 Transportation companies, Wizz Air Holdings ranks worse than 65.35% 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 -2.4 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LSE:WIZZ' s Beneish M-Score Range Over the Past 10 Years
Min: -3.13   Med: -2.61   Max: -0.68
Current: -2.4

During the past 13 years, the highest Beneish M-Score of Wizz Air Holdings was -0.68. The lowest was -3.13. And the median was -2.61.

Wizz Air Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Wizz Air Holdings'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.

Wizz Air Holdings Beneish M-Score Chart

Wizz Air Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.62 -0.68 -3.06 -2.36 -2.40

Wizz Air Holdings 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 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 -3.06 0.00 -2.36 0.00 -2.40

LSE:WIZZ vs DAL, UAL, LUV: Beneish M-Score Comparison

For the Airlines subindustry, Wizz Air Holdings'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.

Wizz Air Holdings Beneish M-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Wizz Air Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Wizz Air Holdings's Beneish M-Score falls into.


LSE:WIZZ
76GF Score
Wizz Air Holdings PLC LSE:WIZZ
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wizz Air Holdings 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 Wizz Air Holdings 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 * 0.9916+0.528 * 1.7853+0.404 * 1.13+0.892 * 1.1196+0.115 * 0.9134
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0481+4.679 * -0.104473-0.327 * 0.9363
=-2.40

* 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 £519 Mil.
Revenue was £4,935 Mil.
Gross Profit was £176 Mil.
Total Current Assets was £2,987 Mil.
Total Assets was £9,772 Mil.
Property, Plant and Equipment(Net PPE) was £6,180 Mil.
Depreciation, Depletion and Amortization(DDA) was £1,022 Mil.
Selling, General, & Admin. Expense(SGA) was £116 Mil.
Total Current Liabilities was £3,076 Mil.
Long-Term Debt & Capital Lease Obligation was £5,344 Mil.
Net Income was £2 Mil.
Gross Profit was £0 Mil.
Cash Flow from Operations was £1,023 Mil.
 Total Receivables was £468 Mil.
Revenue was £4,408 Mil.
Gross Profit was £280 Mil.
Total Current Assets was £2,189 Mil.
Total Assets was £8,062 Mil.
Property, Plant and Equipment(Net PPE) was £5,433 Mil.
Depreciation, Depletion and Amortization(DDA) was £809 Mil.
Selling, General, & Admin. Expense(SGA) was £99 Mil.
Total Current Liabilities was £3,156 Mil.
Long-Term Debt & Capital Lease Obligation was £4,264 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)
=(519.277 / 4934.74) / (467.747 / 4407.7)
=0.105229 / 0.10612
=0.9916

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)
=(280.397 / 4407.7) / (175.838 / 4934.74)
=0.063615 / 0.035633
=1.7853

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 - (2987.341 + 6180.434) / 9771.59) / (1 - (2188.537 + 5433.062) / 8062.486)
=0.061793 / 0.054684
=1.13

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
=4934.74 / 4407.7
=1.1196

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))
=(808.976 / (808.976 + 5433.062)) / (1021.908 / (1021.908 + 6180.434))
=0.129601 / 0.141886
=0.9134

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)
=(115.665 / 4934.74) / (98.57 / 4407.7)
=0.023439 / 0.022363
=1.0481

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)
=((5343.815 + 3076.387) / 9771.59) / ((4263.945 + 3156.246) / 8062.486)
=0.861702 / 0.920335
=0.9363

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
=(1.908 - 0 - 1022.775) / 9771.59
=-0.104473

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.

Wizz Air Holdings has a M-score of -2.40 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 -2.40 mean?
Wizz Air Holdings (LSE:WIZZ) has a Beneish M-Score of -2.40 as of Jul. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Wizz Air Holdings and its competitors. According to the industry distribution chart, Wizz Air Holdings ranks #630 out of 964 companies in the Transportation industry, placing it in the top 65.4%.
Is Wizz Air Holdings' Beneish M-Score too high?
Wizz Air Holdings' current Beneish M-Score is -2.40. Based on the distribution chart, Wizz Air Holdings ranks #630 out of 964 companies in the Transportation industry, which is below the industry midpoint. Overall, Wizz Air Holdings has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Wizz Air Holdings' Beneish M-Score compare to DAL and UAL?
According to the Transportation industry distribution chart, Wizz Air Holdings ranks #630 out of 964 companies for Beneish M-Score. This places Wizz Air Holdings 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 Transportation company?
A good Beneish M-Score depends on the Transportation 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 Wizz Air Holdings and its competitors. Wizz Air Holdings's current Beneish M-Score is -2.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wizz Air Holdings stock overvalued right now?
Based on GuruFocus' analysis, Wizz Air Holdings (LSE:WIZZ) is currently considered Possible Value Trap. The stock's GF Value™ is £17.95, compared to a current price of £12.00 — trading 33.1% below its estimated fair value. The current Beneish M-Score is -2.40. Wizz Air Holdings' overall GF Score™ is 76/100 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 Wizz Air Holdings (LSE:WIZZ), the current Beneish M-Score is -2.40 as of Jul. 03, 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 Wizz Air Holdings (LSE:WIZZ) Overvalued in 2026?

Based on GuruFocus' analysis, Wizz Air Holdings stock appears to be undervalued. The current stock price of £12.00 is trading 33.1% below its estimated GF Value™ of £17.95. GuruFocus considers Wizz Air Holdings to be Possible Value Trap.

Key valuation signals for LSE:WIZZ:

  • Beneish M-Score: -2.40
  • GF Value™: £17.95 vs. price of £12.00 (33.1% below fair value)
  • GF Score™: 76/100 with 6 warning signs

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

Wizz Air Holdings Business Description

Address 44 The Esplanade, Saint Helier, JEY, JE4 9WG
Wizz Air is a leading ultra-low-cost airline group operating primarily across Europe, the Middle East, North Africa, and parts of Central and Western Asia. Founded in 2003, the company provides scheduled short- and medium-haul point-to-point services under the Wizz Air brand. As of March 2025, Wizz operated a fleet of 257 aircraft, serving around 185 destinations in over 46 countries. The fleet is primarily composed of Airbus A320neo aircraft, with an ongoing transition toward higher-capacity A321neo planes to support long-term unit cost efficiency.
76GF Score

Get the complete analysis for LSE:WIZZ

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

£12.00
Price
£17.95
GF Value