TSWCF (The Smarter Web Company) Beneish M-Score: 0.00 (As of Jun. 24, 2026)


TSWCF The Smarter Web Company PLC TSWCF
13 GF Score
Price $0.38
! 1 Warning Sign
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What is The Smarter Web Company Beneish M-Score?

The Smarter Web Company TSWCF -1.31% 13 Beneish M-Score is 0.00 as of Jun. 24, 2026. GuruFocus rates TSWCF with a GF Score™ of 13/100. The stock has 1 warning sign investors should review. Among 2,633 Software companies, The Smarter Web Company ranks worse than 37979.45% 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.

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

During the past 4 years, the highest Beneish M-Score of The Smarter Web Company was 0.00. The lowest was 0.00. And the median was 0.00.

The Smarter Web Company Beneish M-Score Historical Data

* Premium members only.

The historical data trend for The Smarter Web Company'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.

The Smarter Web Company Beneish M-Score Chart

The Smarter Web Company Annual Data
Trend Oct22 Oct23 Oct24 Oct25
Beneish M-Score
0.00 0.00 0.00 0.00

The Smarter Web Company Quarterly Data
Oct22 Oct23 Jul24 Oct24 Apr25 Jul25 Oct25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

TSWCF vs CRM, SHOP, UBER: Beneish M-Score Comparison

For the Software - Application subindustry, The Smarter Web Company'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.

The Smarter Web Company Beneish M-Score vs Software Industry

For the Software industry and Technology sector, The Smarter Web Company's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where The Smarter Web Company's Beneish M-Score falls into.


TSWCF
13GF Score
The Smarter Web Company PLC TSWCF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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The Smarter Web Company 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 The Smarter Web Company 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Oct25) TTM:Last Year (Oct24) TTM:
Total Receivables was $0.39 Mil.
Revenue was $0.09 Mil.
Gross Profit was $0.08 Mil.
Total Current Assets was $2.63 Mil.
Total Assets was $297.78 Mil.
Property, Plant and Equipment(Net PPE) was $0.05 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.03 Mil.
Selling, General, & Admin. Expense(SGA) was $2.46 Mil.
Total Current Liabilities was $15.17 Mil.
Long-Term Debt & Capital Lease Obligation was $0.01 Mil.
Net Income was $2.17 Mil.
Gross Profit was $0.00 Mil.
Cash Flow from Operations was $-2.17 Mil.
 Total Receivables was $0.00 Mil.
Revenue was $0.00 Mil.
Gross Profit was $0.00 Mil.
Total Current Assets was $0.15 Mil.
Total Assets was $0.15 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.66 Mil.
Total Current Liabilities was $1.35 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 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)
=(0.387 / 0.093) / (0.003 / 0)
=4.16129 /
=

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)
=(0 / 0) / (0.081 / 0.093)
= / 0.870968
=

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 - (2.629 + 0.045) / 297.784) / (1 - (0.145 + 0) / 0.145)
=0.99102 / 0
=

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
=0.093 / 0
=

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))
=(0 / (0 + 0)) / (0.032 / (0.032 + 0.045))
= / 0.415584
=

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)
=(2.455 / 0.093) / (0.658 / 0)
=26.397849 /
=

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)
=((0.011 + 15.171) / 297.784) / ((0 + 1.347) / 0.145)
=0.050983 / 9.289655
=

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
=(2.17 - 0 - -2.174) / 297.784
=0.014588

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
The Smarter Web Company (TSWCF) has a Beneish M-Score of 0.00 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on The Smarter Web Company and its competitors. According to the industry distribution chart, The Smarter Web Company ranks #999999 out of 2633 companies in the Software industry.
Is The Smarter Web Company's Beneish M-Score too high?
The Smarter Web Company's current Beneish M-Score is 0.00. Based on the distribution chart, The Smarter Web Company ranks #999999 out of 2633 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, The Smarter Web Company has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does The Smarter Web Company's Beneish M-Score compare to CRM and SHOP?
According to the Software industry distribution chart, The Smarter Web Company ranks #999999 out of 2633 companies for Beneish M-Score. This places The Smarter Web Company 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 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 The Smarter Web Company and its competitors. The Smarter Web Company's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Smarter Web Company stock overvalued right now?
The Smarter Web Company (TSWCF) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. The Smarter Web Company's overall GF Score™ is 13/100 with 1 warning sign 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 The Smarter Web Company (TSWCF), the current Beneish M-Score is 0.00 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.

The Smarter Web Company Business Description

Other Exchanges SWC:UK3M8:Germany
Address 160 Aztec West, Almondsbury, Bristol, GBR, BS32 4TU
The Smarter Web Company PLC is a UK-based web design and online marketing business. Through its operating subsidiary, the company provides customized, mobile-compatible websites and related digital services to small and medium-sized enterprises, start-ups, and owner-managed businesses. It has one operating segment, being the provision of website development services. The majority of the company's revenue is derived from the provision of website design services.
13GF Score

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

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