ACH (Accendra Health) Beneish M-Score: -5.13 (As of Jun. 25, 2026)


ACH Accendra Health Inc ACH
57 GF Score
Price $3.20
GF Value $5.02
Valuation Possible Value Trap
! 7 Warning Signs
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What is Accendra Health Beneish M-Score?

Accendra Health ACH +2.24% 57 Beneish M-Score is -5.13 as of Jun. 25, 2026. GuruFocus rates ACH with a GF Score™ of 57/100 and a GF Value™ of $5.02 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 113 Medical Distribution companies, Accendra Health ranks better than 97.35% 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 -5.13 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ACH' s Beneish M-Score Range Over the Past 10 Years
Min: -5.13   Med: -2.46   Max: 6.52
Current: -5.13

During the past 13 years, the highest Beneish M-Score of Accendra Health was 6.52. The lowest was -5.13. And the median was -2.46.


Accendra Health Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Accendra Health'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.

Accendra Health Beneish M-Score Chart

Accendra Health Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.21 -2.31 -2.46 -2.26 -4.46

Accendra Health Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -2.09 2.31 0.00 -4.46 -5.13

ACH vs EDAP, YI, COSM: Beneish M-Score Comparison

For the Medical Distribution subindustry, Accendra Health'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.


Accendra Health Beneish M-Score vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Accendra Health's Beneish M-Score distribution charts can be found below:

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


ACH
57GF Score
Accendra Health Inc ACH
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Accendra Health 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 Accendra Health 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 * 0.3076+0.528 * 0.7015+0.404 * 1.7236+0.892 * 0.581+0.115 * 0.3644
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.432+4.679 * -0.322922-0.327 * 1.3423
=-5.13

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $104 Mil.
Revenue was 627.78 + 708.967 + 697.264 + 681.917 = $2,716 Mil.
Gross Profit was 278.028 + 323.258 + 322.197 + 324.602 = $1,248 Mil.
Total Current Assets was $589 Mil.
Total Assets was $2,416 Mil.
Property, Plant and Equipment(Net PPE) was $330 Mil.
Depreciation, Depletion and Amortization(DDA) was $250 Mil.
Selling, General, & Admin. Expense(SGA) was $1,060 Mil.
Total Current Liabilities was $1,203 Mil.
Long-Term Debt & Capital Lease Obligation was $1,589 Mil.
Net Income was -6.468 + -56.326 + -150.276 + -869.058 = $-1,082 Mil.
Non Operating Income was -6.7 + -31.799 + -30.965 + -115.689 = $-185 Mil.
Cash Flow from Operations was -50.077 + 68.186 + -172.52 + 37.61 = $-117 Mil.
Total Receivables was $580 Mil.
Revenue was 2632.048 + 695.023 + 686.846 + 660.401 = $4,674 Mil.
Gross Profit was 526.013 + 332.991 + 331.771 + 316.029 = $1,507 Mil.
Total Current Assets was $2,206 Mil.
Total Assets was $4,856 Mil.
Property, Plant and Equipment(Net PPE) was $903 Mil.
Depreciation, Depletion and Amortization(DDA) was $168 Mil.
Selling, General, & Admin. Expense(SGA) was $1,274 Mil.
Total Current Liabilities was $1,960 Mil.
Long-Term Debt & Capital Lease Obligation was $2,222 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)
=(103.703 / 2715.928) / (580.175 / 4674.318)
=0.038183 / 0.12412
=0.3076

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)
=(1506.804 / 4674.318) / (1248.085 / 2715.928)
=0.322358 / 0.459543
=0.7015

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 - (588.5 + 329.699) / 2415.982) / (1 - (2206.198 + 903.443) / 4856.424)
=0.619948 / 0.359685
=1.7236

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
=2715.928 / 4674.318
=0.581

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))
=(168.339 / (168.339 + 903.443)) / (249.776 / (249.776 + 329.699))
=0.157065 / 0.431038
=0.3644

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)
=(1060.416 / 2715.928) / (1274.484 / 4674.318)
=0.390443 / 0.272657
=1.432

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)
=((1589.407 + 1203.104) / 2415.982) / ((2221.547 + 1960.215) / 4856.424)
=1.155849 / 0.861078
=1.3423

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
=(-1082.128 - -185.153 - -116.801) / 2415.982
=-0.322922

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.

Accendra Health has a M-score of -5.13 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 -5.13 mean?
Accendra Health (ACH) has a Beneish M-Score of -5.13 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Accendra Health and its competitors. According to the industry distribution chart, Accendra Health ranks #3 out of 113 companies in the Medical Distribution industry, placing it in the top 2.7%.
Is Accendra Health's Beneish M-Score too high?
Accendra Health's current Beneish M-Score is -5.13. Based on the distribution chart, Accendra Health ranks #3 out of 113 companies in the Medical Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Accendra Health has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Accendra Health's Beneish M-Score compare to EDAP and YI?
According to the Medical Distribution industry distribution chart, Accendra Health ranks #3 out of 113 companies for Beneish M-Score. This places Accendra Health in the top 3% 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 Medical Distribution company?
A good Beneish M-Score depends on the Medical Distribution 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 Accendra Health and its competitors. Accendra Health's current Beneish M-Score is -5.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Accendra Health stock overvalued right now?
Based on GuruFocus' analysis, Accendra Health (ACH) is currently considered Possible Value Trap. The stock's GF Value™ is $5.02, compared to a current price of $3.20 — trading 36.3% below its estimated fair value. The current Beneish M-Score is -5.13. Accendra Health's overall GF Score™ is 57/100 with 7 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 Accendra Health (ACH), the current Beneish M-Score is -5.13 as of Jun. 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.

Is Accendra Health (ACH) Overvalued in 2026?

Based on GuruFocus' analysis, Accendra Health stock appears to be undervalued. The current stock price of $3.20 is trading 36.3% below its estimated GF Value™ of $5.02. GuruFocus considers Accendra Health to be Possible Value Trap.

Key valuation signals for ACH:

  • Beneish M-Score: -5.13
  • GF Value™: $5.02 vs. price of $3.20 (36.3% below fair value)
  • GF Score™: 57/100 with 7 warning signs

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


Accendra Health Business Description

Other Exchanges 6OM:Germany
Address 10900 Nuckols Road, Suite 400, Glen Allen, VA, USA, 23060
Accendra Health Inc is a nationwide provider of products, technology, and services that support health beyond the hospital by connecting patients, providers, and insurers. Through its brands, Apria and Byram Healthcare, the company delivers disposable medical supplies, integrated home healthcare equipment, and related services that help improve health outcomes and quality of life for individuals with chronic, complex, and acute health conditions. Its offerings span diabetes treatment, home respiratory therapy, and obstructive sleep apnea treatment, along with patient support services. The company also supplies a broad range of home medical equipment and patient care products, including ostomy, wound care, urology, and incontinence solutions.
57GF Score

Get the complete analysis for ACH

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

$3.20
Price
$5.02
GF Value