SMWPY (Smiths News) Beneish M-Score: -3.06 (As of Jun. 24, 2026)


SMWPY Smiths News PLC SMWPY
53 GF Score
Price $4.13
GF Value $3.19
! 4 Warning Signs
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What is Smiths News Beneish M-Score?

Smiths News SMWPY 53 Beneish M-Score is -3.06 as of Jun. 24, 2026. GuruFocus rates SMWPY with a GF Score™ of 53/100 and a GF Value™ of $3.19. The stock has 4 warning signs investors should review. Among 989 Media - Diversified companies, Smiths News ranks better than 77.76% 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 -3.06 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

SMWPY' s Beneish M-Score Range Over the Past 10 Years
Min: -3.96   Med: -3.06   Max: -2.25
Current: -3.06

During the past 13 years, the highest Beneish M-Score of Smiths News was -2.25. The lowest was -3.96. And the median was -3.06.

Smiths News Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Smiths News'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.

Smiths News Beneish M-Score Chart

Smiths News Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.06 -3.23 -2.62 -2.25 -3.06

Smiths News Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 -2.25 0.00 -3.06 0.00

SMWPY vs NYT, WLY: Beneish M-Score Comparison

For the Publishing subindustry, Smiths News'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.

Smiths News Beneish M-Score vs Media - Diversified Industry

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

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


SMWPY
53GF Score
Smiths News PLC SMWPY
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Smiths News 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 Smiths News 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 * 1.0105+0.528 * 0.9396+0.404 * 1.0945+0.892 * 1.0017+0.115 * 0.9304
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0987+4.679 * -0.121263-0.327 * 0.9257
=-3.03

* 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 (Aug25) TTM:Last Year (Aug24) TTM:
Total Receivables was $137 Mil.
Revenue was $1,432 Mil.
Gross Profit was $101 Mil.
Total Current Assets was $168 Mil.
Total Assets was $234 Mil.
Property, Plant and Equipment(Net PPE) was $54 Mil.
Depreciation, Depletion and Amortization(DDA) was $13 Mil.
Selling, General, & Admin. Expense(SGA) was $48 Mil.
Total Current Liabilities was $179 Mil.
Long-Term Debt & Capital Lease Obligation was $36 Mil.
Net Income was $38 Mil.
Gross Profit was $0 Mil.
Cash Flow from Operations was $66 Mil.
 Total Receivables was $135 Mil.
Revenue was $1,430 Mil.
Gross Profit was $95 Mil.
Total Current Assets was $171 Mil.
Total Assets was $233 Mil.
Property, Plant and Equipment(Net PPE) was $51 Mil.
Depreciation, Depletion and Amortization(DDA) was $11 Mil.
Selling, General, & Admin. Expense(SGA) was $44 Mil.
Total Current Liabilities was $175 Mil.
Long-Term Debt & Capital Lease Obligation was $56 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)
=(136.878 / 1432.032) / (135.233 / 1429.663)
=0.095583 / 0.094591
=1.0105

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)
=(94.819 / 1429.663) / (101.077 / 1432.032)
=0.066323 / 0.070583
=0.9396

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 - (168.371 + 53.97) / 234.186) / (1 - (171.114 + 50.777) / 232.642)
=0.050579 / 0.046213
=1.0945

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
=1432.032 / 1429.663
=1.0017

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))
=(11.01 / (11.01 + 50.777)) / (12.786 / (12.786 + 53.97))
=0.178193 / 0.191533
=0.9304

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)
=(48.183 / 1432.032) / (43.782 / 1429.663)
=0.033647 / 0.030624
=1.0987

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)
=((35.801 + 179.408) / 234.186) / ((55.699 + 175.259) / 232.642)
=0.918966 / 0.992761
=0.9257

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
=(38.089 - 0 - 66.487) / 234.186
=-0.121263

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.

Smiths News has a M-score of -3.03 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 -3.06 mean?
Smiths News (SMWPY) has a Beneish M-Score of -3.06 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Smiths News and its competitors. According to the industry distribution chart, Smiths News ranks #220 out of 989 companies in the Media - Diversified industry, placing it in the top 22.2%.
Is Smiths News' Beneish M-Score too high?
Smiths News' current Beneish M-Score is -3.06. Based on the distribution chart, Smiths News ranks #220 out of 989 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Smiths News has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Smiths News' Beneish M-Score compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Smiths News ranks #220 out of 989 companies for Beneish M-Score. This places Smiths News in the top 22% 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 Smiths News and its competitors. Smiths News's current Beneish M-Score is -3.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smiths News stock overvalued right now?
Smiths News (SMWPY) has a current Beneish M-Score of -3.06. The stock's GF Value™ is $3.19, compared to a current price of $4.13 — trading 29.5% above its estimated fair value. The current Beneish M-Score is -3.06. Smiths News' overall GF Score™ is 53/100 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 Smiths News (SMWPY), the current Beneish M-Score is -3.06 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 Smiths News (SMWPY) Overvalued in 2026?

Based on GuruFocus' analysis, Smiths News stock appears to be overvalued. The current stock price of $4.13 is trading 29.5% above its estimated GF Value™ of $3.19.

Key valuation signals for SMWPY:

  • Beneish M-Score: -3.06
  • GF Value™: $3.19 vs. price of $4.13 (29.5% above fair value)
  • GF Score™: 53/100 with 4 warning signs

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

Smiths News Business Description

Other Exchanges SNWSl:UKSNWS:UKT6N:Germany
Address Rowan House, Cherry Orchard North, Kembrey Park, Swindon, Wiltshire, GBR, SN2 8UH
Smiths News PLC is a UK wholesaler of newspapers and magazines, providing nationwide early-morning distribution and logistics services. The company supplies newspapers, magazines, and related products to a wide network of retail outlets, supported by integrated services such as warehousing, pick-and-pack, returns collection, recycling, invoicing, and market insight. Operating through a hub-and-spoke distribution network across England and Wales, Smiths News delivers seven days a week, reaching locations from urban centres to remote rural communities, and also offers recycling and waste management solutions through its dedicated recycling operations.
53GF Score

Get the complete analysis for SMWPY

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

$4.13
Price
$3.19
GF Value