PETWQ (Wag Group Co) Beneish M-Score: -5.70 (As of Jun. 26, 2026)

What is Wag Group Co Beneish M-Score?

Wag Group Co PETWQ +205.56% 16 Beneish M-Score is -5.70 as of Jun. 26, 2026. GuruFocus rates PETWQ with a GF Score™ of 16/100. The stock has 4 warning signs investors should review.

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 -5.7 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

PETWQ' s Beneish M-Score Range Over the Past 10 Years
Min: -5.7 Med: -3.68 Max: -1.45
Current: -5.7

During the past 5 years, the highest Beneish M-Score of Wag Group Co was -1.45. The lowest was -5.70. And the median was -3.68.

Wag Group Co Beneish M-Score Related Terms

Wag Group Co Beneish M-Score Historical Data

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The historical data trend for Wag Group Co'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.

Wag Group Co Beneish M-Score Chart

Wag Group Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Beneish M-Score

0.00

-1.53

-4.19

Wag Group Co Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25
Beneish M-Score	Get a 7-Day Free Trial													-3.14	-3.68	-4.19	-4.90	-5.70

PETWQ vs FYNN, LDTCF, GAHC: Beneish M-Score Comparison

For the Software - Application subindustry, Wag Group Co'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.

Wag Group Co Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Wag Group Co's Beneish M-Score distribution charts can be found below:

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

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Wag Group Co PETWQ

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

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Wag Group Co 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 Wag Group Co 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 * 1.0388

0.528 * 1.0194

0.404 * 1.147

0.892 * 0.7092

0.115 * 1.0927

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.1806

4.679 * -0.632161

0.327 * 1.264

-5.70

This Year (Jun25) TTM:

Last Year (Jun24) TTM:

Total Receivables was $5.53 Mil.
Revenue was 16.72 + 15.165 + 15.433 + 13.204 = $60.52 Mil.
Gross Profit was 15.439 + 13.724 + 14.021 + 12.058 = $55.24 Mil.
Total Current Assets was $10.91 Mil.
Total Assets was $24.40 Mil.
Property, Plant and Equipment(Net PPE) was $3.03 Mil.
Depreciation, Depletion and Amortization(DDA) was $2.60 Mil.
Selling, General, & Admin. Expense(SGA) was $59.15 Mil.
Total Current Liabilities was $32.02 Mil.
Long-Term Debt & Capital Lease Obligation was $0.39 Mil.
Net Income was -6.145 + -4.89 + -4.814 + -6.262 = $-22.11 Mil.
Non Operating Income was 0.005 + 0 + 0 + -0.454 = $-0.45 Mil.
Cash Flow from Operations was -2.661 + 1.407 + -1.729 + -3.253 = $-6.24 Mil.

Total Receivables was $7.51 Mil.
Revenue was 18.651 + 23.219 + 21.673 + 21.8 = $85.34 Mil.
Gross Profit was 17.493 + 21.649 + 19.906 + 20.359 = $79.41 Mil.
Total Current Assets was $19.00 Mil.
Total Assets was $33.60 Mil.
Property, Plant and Equipment(Net PPE) was $2.04 Mil.
Depreciation, Depletion and Amortization(DDA) was $2.08 Mil.
Selling, General, & Admin. Expense(SGA) was $70.65 Mil.
Total Current Liabilities was $13.19 Mil.
Long-Term Debt & Capital Lease Obligation was $22.11 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)
	=	(5.534 / 60.522)	/	(7.512 / 85.343)
	=	0.091438	/	0.088021
	=	1.0388

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)
	=	(79.407 / 85.343)	/	(55.242 / 60.522)
	=	0.930445	/	0.912759
	=	1.0194

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 - (10.912 + 3.028) / 24.402)	/	(1 - (19.002 + 2.038) / 33.598)
	=	0.428735	/	0.373772
	=	1.147

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
	=	60.522	/	85.343
	=	0.7092

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))
	=	(2.075 / (2.075 + 2.038))	/	(2.597 / (2.597 + 3.028))
	=	0.504498	/	0.461689
	=	1.0927

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)
	=	(59.151 / 60.522)	/	(70.648 / 85.343)
	=	0.977347	/	0.827812
	=	1.1806

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)
	=	((0.387 + 32.023) / 24.402)	/	((22.113 + 13.192) / 33.598)
	=	1.32817	/	1.050807
	=	1.264

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
	=	(-22.111 - -0.449	-	-6.236)	/	24.402
	=	-0.632161

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.

Wag Group Co has a M-score of -5.70 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 -5.70 mean?

Wag Group Co (PETWQ) has a Beneish M-Score of -5.70 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Wag Group Co and its competitors.

Is Wag Group Co's Beneish M-Score too high?

Wag Group Co's current Beneish M-Score is -5.70. Overall, Wag Group Co has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.

How does Wag Group Co's Beneish M-Score compare to FYNN and LDTCF?

Wag Group Co's Beneish M-Score of -5.70 can be compared against companies in the Software 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 Wag Group Co and its competitors. Wag Group Co's current Beneish M-Score is -5.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Wag Group Co stock overvalued right now?

Wag Group Co (PETWQ) has a current Beneish M-Score of -5.70. The current Beneish M-Score is -5.70. Wag Group Co's overall GF Score™ is 16/100 with 4 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 Wag Group Co (PETWQ), the current Beneish M-Score is -5.70 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.

Wag Group Co Business Description

Industry Technology Software

Comparable Companies FYNN LDTCF GAHC FMTOF CTKYY CYCA WDDD PKLE EHVVF HSTA XTER:SAP CRM TSX:SHOP UBER NOW INTU ADBE ADP CDNS SNOW

Address 2261 Market Street, Suite 86056, San Francisco, CA, USA, 94114

Website https://www.wagwalking.com

Wag Group Co develops and supports a proprietary marketplace technology platform available as a website and mobile app that enables independent Pet Caregivers to connect with pet parents. The platform allows pet parents to make pet service requests in the platform, which can then be fulfilled by Pet Caregivers. Wag supports dog walking, pet sitting, pet boarding, drop-in visits at the pet parent's home, advice from licensed pet experts, training services, pet insurance comparison tools and pet wellness plans.

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