Wix.com (MEX:WIXN) Beneish M-Score: -2.93 (As of Jun. 24, 2026)

What is Wix.com Beneish M-Score?

Wix.com MEX:WIXN 63 Beneish M-Score is -2.93 as of Jun. 24, 2026. GuruFocus rates MEX:WIXN with a GF Score™ of 63/100 and a GF Value™ of MXN4,240.86 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,633 Software companies, Wix.com ranks better than 73.76% 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 -2.93 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:WIXN' s Beneish M-Score Range Over the Past 10 Years
Min: -4.45 Med: -2.92 Max: -1.96
Current: -2.93

During the past 13 years, the highest Beneish M-Score of Wix.com was -1.96. The lowest was -4.45. And the median was -2.92.

Wix.com Beneish M-Score Related Terms

Wix.com Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Wix.com'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.

Wix.com Beneish M-Score Chart

Wix.com Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-3.31

-2.99

-2.66

-2.90

-2.08

Wix.com 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															-3.74	-3.22	-2.86	-2.08	-2.93

MEX:WIXN vs AVPT, RAMP, ATEN: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, Wix.com'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.

Wix.com Beneish M-Score vs Software Industry

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

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

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63GF Score

Wix.com Ltd MEX:WIXN

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

View Full Analysis

Wix.com 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 Wix.com 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 * 0.8588

0.528 * 1.0106

0.404 * 1.8103

0.892 * 1.046

0.115 * 0.8988

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.1508

4.679 * -0.173698

0.327 * 0.9135

-3.06

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was MXN870 Mil.
Revenue was 9758.774 + 9439.83 + 9267.38 + 9224.99 = MXN37,691 Mil.
Gross Profit was 6372.143 + 6355.58 + 6333.629 + 6337.72 = MXN25,399 Mil.
Total Current Assets was MXN38,870 Mil.
Total Assets was MXN53,759 Mil.
Property, Plant and Equipment(Net PPE) was MXN9,093 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN583 Mil.
Selling, General, & Admin. Expense(SGA) was MXN14,554 Mil.
Total Current Liabilities was MXN22,683 Mil.
Long-Term Debt & Capital Lease Obligation was MXN27,832 Mil.
Net Income was -1036.249 + -724.441 + -10.805 + 1086.501 = MXN-685 Mil.
Non Operating Income was 0.415 + -884.26 + 75.872 + 2.316 = MXN-806 Mil.
Cash Flow from Operations was 1416.072 + 2850.896 + 2360.88 + 2830.688 = MXN9,459 Mil.

Total Receivables was MXN968 Mil.
Revenue was 9690.047 + 9603.111 + 8755.745 + 7982.912 = MXN36,032 Mil.
Gross Profit was 6584.656 + 6607.482 + 5959.171 + 5387.429 = MXN24,539 Mil.
Total Current Assets was MXN24,083 Mil.
Total Assets was MXN36,941 Mil.
Property, Plant and Equipment(Net PPE) was MXN10,658 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN610 Mil.
Selling, General, & Admin. Expense(SGA) was MXN12,090 Mil.
Total Current Liabilities was MXN30,645 Mil.
Long-Term Debt & Capital Lease Obligation was MXN7,352 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)
	=	(869.789 / 37690.974)	/	(968.246 / 36031.815)
	=	0.023077	/	0.026872
	=	0.8588

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)
	=	(24538.738 / 36031.815)	/	(25399.072 / 37690.974)
	=	0.68103	/	0.673877
	=	1.0106

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 - (38870.387 + 9092.899) / 53759.23)	/	(1 - (24082.616 + 10657.965) / 36940.553)
	=	0.107813	/	0.059554
	=	1.8103

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
	=	37690.974	/	36031.815
	=	1.046

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))
	=	(610.263 / (610.263 + 10657.965))	/	(583.027 / (583.027 + 9092.899))
	=	0.054158	/	0.060255
	=	0.8988

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)
	=	(14554.318 / 37690.974)	/	(12090.329 / 36031.815)
	=	0.386149	/	0.335546
	=	1.1508

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)
	=	((27832.12 + 22683.027) / 53759.23)	/	((7352.452 + 30645.299) / 36940.553)
	=	0.939655	/	1.028619
	=	0.9135

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
	=	(-684.994 - -805.657	-	9458.536)	/	53759.23
	=	-0.173698

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.

Wix.com has a M-score of -3.06 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 -2.93 mean?

Wix.com (MEX:WIXN) has a Beneish M-Score of -2.93 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Wix.com and its competitors. According to the industry distribution chart, Wix.com ranks #691 out of 2633 companies in the Software industry, placing it in the top 26.2%.

Is Wix.com's Beneish M-Score too high?

Wix.com's current Beneish M-Score is -2.93. Based on the distribution chart, Wix.com ranks #691 out of 2633 companies in the Software industry, which is above the industry midpoint. Overall, Wix.com has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Wix.com's Beneish M-Score compare to AVPT and RAMP?

According to the Software industry distribution chart, Wix.com ranks #691 out of 2633 companies for Beneish M-Score. This puts Wix.com 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 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 Wix.com and its competitors. Wix.com's current Beneish M-Score is -2.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Wix.com stock overvalued right now?

Based on GuruFocus' analysis, Wix.com (MEX:WIXN) is currently considered Possible Value Trap. The stock's GF Value™ is MXN4,240.86, compared to a current price of MXN926.00 — trading 78.2% below its estimated fair value. The current Beneish M-Score is -2.93. Wix.com's overall GF Score™ is 63/100 with 2 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 Wix.com (MEX:WIXN), the current Beneish M-Score is -2.93 as of Jun. 24, 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 Wix.com (MEX:WIXN) Overvalued in 2026?

Based on GuruFocus' analysis, Wix.com stock appears to be undervalued. The current stock price of MXN926.00 is trading 78.2% below its estimated GF Value™ of MXN4,240.86. GuruFocus considers Wix.com to be Possible Value Trap.

Key valuation signals for MEX:WIXN:

Beneish M-Score: -2.93
GF Value™: MXN4,240.86 vs. price of MXN926.00 (78.2% below fair value)
GF Score™: 63/100 with 2 warning signs

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

Wix.com Business Description

Industry Technology Software

Comparable Companies AVPT RAMP ATEN CALX BAND PAGS FLYW EEFT STNE NN MSFT ORCL PLTR PANW CRWD FTNT SNPS HKSE:02513 NET CRWV

Other Exchanges WIX:USA W1X:Germany W1IX34:Brazil

Address 5 Yunitsman Street, Tel Aviv, ISR, 6936025

Website https://www.wix.com

Wix.com is a software-as-a-service content management system platform that allows users to create, customize, and manage websites for themselves or for clients. Wix is best known for its Wix Editor service for self-creators, but in recent years, it has invested heavily and introduced its Wix Studio offering for partners, which are agencies and developers. Wix also offers a range of business solutions such as payment services and marketing products.

63GF Score

Get the complete analysis for MEX:WIXN

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

MXN926.00

Price

MXN4,240.86

GF Value

View MEX:WIXN Analysis

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