YSWY (Yesway) Beneish M-Score: -2.74 (As of Jul. 25, 2026)

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YSWY Yesway Inc YSWY
13 GF Score
Price $19.66
! 2 Warning Signs
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What is Yesway Beneish M-Score?

Yesway YSWY -0.46% 13 Beneish M-Score is -2.74 as of Jul. 25, 2026. GuruFocus rates YSWY with a GF Score™ of 13/100. The stock has 2 warning signs investors should review. Among 294 Retail - Defensive companies, Yesway ranks better than 62.59% 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 -2.74 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

YSWY' s Beneish M-Score Range Over the Past 10 Years
Min: -2.74   Med: -2.74   Max: -2.74
Current: -2.74

During the past 3 years, the highest Beneish M-Score of Yesway was -2.74. The lowest was -2.74. And the median was -2.74.

Yesway Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Yesway'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.

Yesway Beneish M-Score Chart

Yesway Annual Data
Trend Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.74

Yesway Semi-Annual Data
Dec23 Dec24 Dec25
Beneish M-Score 0.00 0.00 -2.74

YSWY vs VLGEA, DNUT, NGVC: Beneish M-Score Comparison

For the Grocery Stores subindustry, Yesway'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.

Yesway Beneish M-Score vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Yesway's Beneish M-Score distribution charts can be found below:

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


YSWY
13GF Score
Yesway Inc YSWY
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Yesway 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 Yesway 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 * 1.0457+0.528 * 0.9293+0.404 * 1.0379+0.892 * 1.0579+0.115 * 0.9298
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0998+4.679 * -0.066772-0.327 * 0.9765
=-2.74

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was $25 Mil.
Revenue was $2,673 Mil.
Gross Profit was $581 Mil.
Total Current Assets was $140 Mil.
Total Assets was $1,974 Mil.
Property, Plant and Equipment(Net PPE) was $1,203 Mil.
Depreciation, Depletion and Amortization(DDA) was $71 Mil.
Selling, General, & Admin. Expense(SGA) was $427 Mil.
Total Current Liabilities was $134 Mil.
Long-Term Debt & Capital Lease Obligation was $970 Mil.
Net Income was $11 Mil.
Gross Profit was $-4 Mil.
Cash Flow from Operations was $147 Mil.
 Total Receivables was $22 Mil.
Revenue was $2,526 Mil.
Gross Profit was $510 Mil.
Total Current Assets was $166 Mil.
Total Assets was $1,866 Mil.
Property, Plant and Equipment(Net PPE) was $1,126 Mil.
Depreciation, Depletion and Amortization(DDA) was $62 Mil.
Selling, General, & Admin. Expense(SGA) was $367 Mil.
Total Current Liabilities was $135 Mil.
Long-Term Debt & Capital Lease Obligation was $934 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)
=(24.538 / 2672.573) / (22.182 / 2526.382)
=0.009181 / 0.00878
=1.0457

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)
=(510.444 / 2526.382) / (581.073 / 2672.573)
=0.202045 / 0.217421
=0.9293

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 - (139.8 + 1203.159) / 1973.7) / (1 - (166.014 + 1125.72) / 1866.441)
=0.319573 / 0.307916
=1.0379

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
=2672.573 / 2526.382
=1.0579

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))
=(61.525 / (61.525 + 1125.72)) / (71.012 / (71.012 + 1203.159))
=0.051822 / 0.055732
=0.9298

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)
=(426.7 / 2672.573) / (366.759 / 2526.382)
=0.159659 / 0.145172
=1.0998

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)
=((969.8 + 133.7) / 1973.7) / ((934.134 + 134.557) / 1866.441)
=0.559102 / 0.572582
=0.9765

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
=(11.3 - -4.1 - 147.188) / 1973.7
=-0.066772

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.

Yesway has a M-score of -2.74 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 -2.74 mean?
Yesway (YSWY) has a Beneish M-Score of -2.74 as of Jul. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yesway and its competitors. According to the industry distribution chart, Yesway ranks #110 out of 294 companies in the Retail - Defensive industry, placing it in the top 37.4%.
Is Yesway's Beneish M-Score too high?
Yesway's current Beneish M-Score is -2.74. Based on the distribution chart, Yesway ranks #110 out of 294 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Yesway has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Yesway's Beneish M-Score compare to VLGEA and DNUT?
According to the Retail - Defensive industry distribution chart, Yesway ranks #110 out of 294 companies for Beneish M-Score. This puts Yesway 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 Retail - Defensive company?
A good Beneish M-Score depends on the Retail - Defensive 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 Yesway and its competitors. Yesway's current Beneish M-Score is -2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yesway stock overvalued right now?
Yesway (YSWY) has a current Beneish M-Score of -2.74. The current Beneish M-Score is -2.74. Yesway's overall GF Score™ is 13/100 with 2 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 Yesway (YSWY), the current Beneish M-Score is -2.74 as of Jul. 25, 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.

Yesway Business Description

Address 2301 Eagle Parkway, Fort Worth, TX, USA, 76177
Yesway Inc is a U.S.-based convenience store operator that manages retail locations under the Yesway and Allsup's brands. Its stores offer foodservice products, grocery items, and private-label products. The company operates in rural and suburban markets across the Southwest and Midwest regions of the United States. It derives its revenue in the United States by operating convenience stores that offer merchandise, fuel, and other products and services designed to appeal to the convenience needs of the customers.
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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