West Wits MiningWMWWF -8.33%36 Beneish M-Score is 0.00 as of Jul. 04, 2026. GuruFocus rates WMWWF with a GF Score™ of 36/100. The stock has 3 warning signs investors should review. Among 683 Metals & Mining companies, West Wits Mining ranks worse than 146412.74% 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 West Wits Mining's Beneish M-Score or its related term are showing as below:
During the past 13 years, the highest Beneish M-Score of West Wits Mining was 15.21. The lowest was -12.43. And the median was -0.25.
West Wits Mining Beneish M-Score Related Terms
West Wits Mining Beneish M-Score Historical Data
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The historical data trend for West Wits Mining'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.
For the Gold subindustry, West Wits Mining'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.
West Wits Mining Beneish M-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, West Wits Mining's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where West Wits Mining's Beneish M-Score falls into.
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 West Wits Mining 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.
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.
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))
=
(0.073 / (0.073 + 17.748))
/
(0.003 / (0.003 + 20.187))
=
0.004096
/
0.000149
=
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
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
=
(-2.13 - -0.133
-
-0.766)
/
28.269
=
-0.043546
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.
West Wits Mining (WMWWF) has a Beneish M-Score of 0.00 as of Jul. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on West Wits Mining and its competitors. According to the industry distribution chart, West Wits Mining ranks #999999 out of 683 companies in the Metals & Mining industry.
Is West Wits Mining's Beneish M-Score too high?
West Wits Mining's current Beneish M-Score is 0.00. Based on the distribution chart, West Wits Mining ranks #999999 out of 683 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, West Wits Mining has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does West Wits Mining's Beneish M-Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, West Wits Mining ranks #999999 out of 683 companies for Beneish M-Score. This places West Wits Mining 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 Metals & Mining company?
A good Beneish M-Score depends on the Metals & Mining 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 West Wits Mining and its competitors. West Wits Mining'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 West Wits Mining stock overvalued right now?
West Wits Mining (WMWWF) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. West Wits Mining's overall GF Score™ is 36/100 with 3 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 West Wits Mining (WMWWF), the current Beneish M-Score is 0.00 as of Jul. 04, 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.
West Wits Mining Ltd is an exploration and development company. It focuses on conglomerate gold in two regions, the Pilbara and the Witwatersrand. The reportable segments of the company are based on geographic locations in South Africa and Australia. Mining and exploration activities are carried out in South African segments, whereas the Australian segment reflects only the administrative arm of the business that supports the mining and exploration activities in the other two geographical locations. The projects operated by the company are Mt Cecelia, Witwatersrand Basin, and the Derewo River Gold project. The company operates in one operating segment, which is mining & exploration.
36GF Score
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