TWNPQ (Twin Hospitality Group) Beneish M-Score: -2.82 (As of Jul. 03, 2026)


What is Twin Hospitality Group Beneish M-Score?

Twin Hospitality Group TWNPQ Beneish M-Score is -2.82 as of Jul. 03, 2026. The stock has 2 warning signs investors should review. Among 354 Restaurants companies, Twin Hospitality Group ranks better than 55.93% 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 -2.82 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

TWNPQ' s Beneish M-Score Range Over the Past 10 Years
Min: -2.82   Med: -2.82   Max: -2.82
Current: -2.82

During the past 3 years, the highest Beneish M-Score of Twin Hospitality Group was -2.82. The lowest was -2.82. And the median was -2.82.

Twin Hospitality Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Twin Hospitality 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.

Twin Hospitality Group Beneish M-Score Chart

Twin Hospitality Group Annual Data
Trend Dec22 Dec23 Dec24
Beneish M-Score
0.00 0.00 0.00

Twin Hospitality Group Quarterly Data
Dec22 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 -2.82

TWNPQ vs VSTD, CHSN, KITL: Beneish M-Score Comparison

For the Restaurants subindustry, Twin Hospitality 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.

Twin Hospitality Group Beneish M-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Twin Hospitality Group's Beneish M-Score distribution charts can be found below:

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


Twin Hospitality 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 Twin Hospitality Group 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 * 1.1483+0.528 * 1.0438+0.404 * 1.0608+0.892 * 0.9507+0.115 * 1.0046
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.6309+4.679 * -0.07413-0.327 * 1.092
=-2.82

* 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 (Sep25) TTM:Last Year (Sep24) TTM:
Total Receivables was $2.0 Mil.
Revenue was 82.316 + 87.846 + 87.105 + 86.481 = $343.7 Mil.
Gross Profit was 15.078 + 17.611 + 17.448 + 16.39 = $66.5 Mil.
Total Current Assets was $28.3 Mil.
Total Assets was $516.8 Mil.
Property, Plant and Equipment(Net PPE) was $205.3 Mil.
Depreciation, Depletion and Amortization(DDA) was $19.6 Mil.
Selling, General, & Admin. Expense(SGA) was $78.4 Mil.
Total Current Liabilities was $448.2 Mil.
Long-Term Debt & Capital Lease Obligation was $150.4 Mil.
Net Income was -24.481 + -20.784 + -12.112 + -12 = $-69.4 Mil.
Non Operating Income was 0.232 + -0.036 + -0.486 + -2.916 = $-3.2 Mil.
Cash Flow from Operations was -5.895 + -8.822 + -5.739 + -7.407 = $-27.9 Mil.
 Total Receivables was $1.8 Mil.
Revenue was 83.665 + 91.594 + 92.061 + 94.235 = $361.6 Mil.
Gross Profit was 14.661 + 18.986 + 20.067 + 19.323 = $73.0 Mil.
Total Current Assets was $37.9 Mil.
Total Assets was $567.1 Mil.
Property, Plant and Equipment(Net PPE) was $236.1 Mil.
Depreciation, Depletion and Amortization(DDA) was $22.7 Mil.
Selling, General, & Admin. Expense(SGA) was $50.6 Mil.
Total Current Liabilities was $76.6 Mil.
Long-Term Debt & Capital Lease Obligation was $525.0 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)
=(1.951 / 343.748) / (1.787 / 361.555)
=0.005676 / 0.004943
=1.1483

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)
=(73.037 / 361.555) / (66.527 / 343.748)
=0.202008 / 0.193534
=1.0438

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 - (28.268 + 205.258) / 516.77) / (1 - (37.947 + 236.146) / 567.101)
=0.548105 / 0.516677
=1.0608

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
=343.748 / 361.555
=0.9507

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))
=(22.703 / (22.703 + 236.146)) / (19.634 / (19.634 + 205.258))
=0.087708 / 0.087304
=1.0046

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)
=(78.43 / 343.748) / (50.581 / 361.555)
=0.228161 / 0.139898
=1.6309

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)
=((150.446 + 448.236) / 516.77) / ((524.977 + 76.639) / 567.101)
=1.158508 / 1.060862
=1.092

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
=(-69.377 - -3.206 - -27.863) / 516.77
=-0.07413

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.

Twin Hospitality Group has a M-score of -2.82 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 -2.82 mean?
Twin Hospitality Group (TWNPQ) has a Beneish M-Score of -2.82 as of Jul. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Twin Hospitality Group and its competitors. According to the industry distribution chart, Twin Hospitality Group ranks #156 out of 354 companies in the Restaurants industry, placing it in the top 44.1%.
Is Twin Hospitality Group's Beneish M-Score too high?
Twin Hospitality Group's current Beneish M-Score is -2.82. Based on the distribution chart, Twin Hospitality Group ranks #156 out of 354 companies in the Restaurants industry, which is above the industry midpoint.
How does Twin Hospitality Group's Beneish M-Score compare to VSTD and CHSN?
According to the Restaurants industry distribution chart, Twin Hospitality Group ranks #156 out of 354 companies for Beneish M-Score. This puts Twin Hospitality Group 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 Restaurants company?
A good Beneish M-Score depends on the Restaurants 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 Twin Hospitality Group and its competitors. Twin Hospitality Group's current Beneish M-Score is -2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Twin Hospitality Group stock overvalued right now?
Twin Hospitality Group (TWNPQ) has a current Beneish M-Score of -2.82. The current Beneish M-Score is -2.82. 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 Twin Hospitality Group (TWNPQ), the current Beneish M-Score is -2.82 as of Jul. 03, 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.

Twin Hospitality Group Business Description

Address 5151 Belt Line Road, Suite 1200, Dallas, TX, USA, 75254
Twin Hospitality Group Inc is a franchisor and operator of two dining restaurant concepts: Twin Peaks and Smokey Bones. Twin Peaks is an award-winning sports lodged themed restaurant chain known for its made-from-scratch food, draft beer, cocktail program and sports on wall-to-wall televisions at rugged lodge atmosphere themed restaurants. Smokey Bones is a full-service, meat-centric restaurant brand and concept specializing in award-winning ribs and a variety of other slow-smoked, fire-grilled or seared meats, along with a full bar featuring a wide selection of domestic, import and local craft beers, a variety of spirits and several signature handcrafted cocktails. It serves dine-in guests for lunch, dinner and late night and offers pick-up, delivery, online ordering.