NETWF (Network Media Group) Beneish M-Score: -3.75 (As of Jun. 24, 2026)

What is Network Media Group Beneish M-Score?

Network Media Group NETWF Beneish M-Score is -3.75 as of Jun. 24, 2026. The stock has 3 warning signs investors should review. Among 989 Media - Diversified companies, Network Media Group ranks better than 89.79% 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 -3.75 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

NETWF' s Beneish M-Score Range Over the Past 10 Years
Min: -5.61 Med: -3.29 Max: 0.31
Current: -3.75

During the past 13 years, the highest Beneish M-Score of Network Media Group was 0.31. The lowest was -5.61. And the median was -3.29.

Network Media Group Beneish M-Score Related Terms

Network Media Group Beneish M-Score Historical Data

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The historical data trend for Network Media 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.

Network Media Group Beneish M-Score Chart

Network Media Group Annual Data

Trend

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Nov25

Beneish M-Score

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-4.71

-1.51

-3.67

-2.68

-3.75

Network Media Group Quarterly Data
	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25
Beneish M-Score	Get a 7-Day Free Trial															-2.68	-2.81	-3.45	-2.63	-3.75

NETWF vs NFLX, DIS, WBD: Beneish M-Score Comparison

For the Entertainment subindustry, Network Media 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.

Network Media Group Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Network Media Group's Beneish M-Score distribution charts can be found below:

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

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Network Media 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 Network Media 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 * 2.1449

0.528 * 0.7055

0.404 * 0.832

0.892 * 0.5851

0.115 * 0.9413

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.5307

4.679 * -0.344261

0.327 * 1.03

-3.74

This Year (Nov25) TTM:

Last Year (Nov24) TTM:

Total Receivables was $2.67 Mil.
Revenue was 0.941 + 2.066 + 0.738 + 1.045 = $4.79 Mil.
Gross Profit was 0.082 + 0.827 + 0.234 + 0.864 = $2.01 Mil.
Total Current Assets was $5.48 Mil.
Total Assets was $11.99 Mil.
Property, Plant and Equipment(Net PPE) was $0.30 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.82 Mil.
Selling, General, & Admin. Expense(SGA) was $0.77 Mil.
Total Current Liabilities was $6.07 Mil.
Long-Term Debt & Capital Lease Obligation was $0.10 Mil.
Net Income was -0.69 + 0.099 + -0.557 + 0.206 = $-0.94 Mil.
Non Operating Income was 0.088 + 0.029 + -0.068 + -0.032 = $0.02 Mil.
Cash Flow from Operations was 0.459 + 1.149 + 0.21 + 1.35 = $3.17 Mil.

Total Receivables was $2.13 Mil.
Revenue was 2.333 + 2.077 + 2.2 + 1.577 = $8.19 Mil.
Gross Profit was 1.904 + 0.087 + 0.239 + 0.19 = $2.42 Mil.
Total Current Assets was $4.34 Mil.
Total Assets was $12.94 Mil.
Property, Plant and Equipment(Net PPE) was $0.55 Mil.
Depreciation, Depletion and Amortization(DDA) was $2.29 Mil.
Selling, General, & Admin. Expense(SGA) was $0.86 Mil.
Total Current Liabilities was $6.19 Mil.
Long-Term Debt & Capital Lease Obligation was $0.28 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)
	=	(2.668 / 4.79)	/	(2.126 / 8.187)
	=	0.556994	/	0.25968
	=	2.1449

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)
	=	(2.42 / 8.187)	/	(2.007 / 4.79)
	=	0.295591	/	0.418998
	=	0.7055

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 - (5.479 + 0.304) / 11.988)	/	(1 - (4.341 + 0.55) / 12.942)
	=	0.517601	/	0.622083
	=	0.832

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
	=	4.79	/	8.187
	=	0.5851

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))
	=	(2.291 / (2.291 + 0.55))	/	(1.818 / (1.818 + 0.304))
	=	0.806406	/	0.856739
	=	0.9413

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)
	=	(0.772 / 4.79)	/	(0.862 / 8.187)
	=	0.161169	/	0.105289
	=	1.5307

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)
	=	((0.102 + 6.071) / 11.988)	/	((0.279 + 6.191) / 12.942)
	=	0.514932	/	0.499923
	=	1.03

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
	=	(-0.942 - 0.017	-	3.168)	/	11.988
	=	-0.344261

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.

Network Media Group has a M-score of -3.74 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 -3.75 mean?

Network Media Group (NETWF) has a Beneish M-Score of -3.75 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Network Media Group and its competitors. According to the industry distribution chart, Network Media Group ranks #101 out of 989 companies in the Media - Diversified industry, placing it in the top 10.2%.

Is Network Media Group's Beneish M-Score too high?

Network Media Group's current Beneish M-Score is -3.75. Based on the distribution chart, Network Media Group ranks #101 out of 989 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers.

How does Network Media Group's Beneish M-Score compare to NFLX and DIS?

According to the Media - Diversified industry distribution chart, Network Media Group ranks #101 out of 989 companies for Beneish M-Score. This places Network Media Group in the top 10% of its industry — outperforming the majority of peers. 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 Media - Diversified company?

A good Beneish M-Score depends on the Media - Diversified 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 Network Media Group and its competitors. Network Media Group's current Beneish M-Score is -3.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Network Media Group stock overvalued right now?

Based on GuruFocus' analysis, Network Media Group (NETWF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.09, compared to a current price of $0.03 — trading 64.9% below its estimated fair value. The current Beneish M-Score is -3.75. 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 Network Media Group (NETWF), the current Beneish M-Score is -3.75 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.

Network Media Group Business Description

Industry Communication Services Media - Diversified

Comparable Companies TSXV:ICRS TSXV:MML.H NFLX DIS WBD XAMS:UMG LYV FOXA FWONA ROKU XPAR:BOL WMG TKO NWSA PSKY SIRI LLYVA MSGS XPAR:ODET XTER:EVD

Other Exchanges NTE:Canada

Address 1684 West 2nd Avenue, Vancouver, BC, CAN, V6J 1H4

Website https://www.networkmediagroup.ca

Network Media Group Inc operates in the entertainment industry. Along with its subsidiaries, the company develops, produces, and exploits film and television properties in addition to providing production services to third parties. The company's documentary stories are of inspiring cultural icons and their lasting legacy, along with cinematic, richly crafted stories featuring A-list talent across Music, Film, Comedy, Sports, Politics, and Business.