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 -2.52 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for American Healthcare REIT's Beneish M-Score or its related term are showing as below:
AHR'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.71 Med: -2.49 Max: -2.12
Current: -2.52
During the past 6 years, the highest Beneish M-Score of American Healthcare REIT was -2.12. The lowest was -2.71. And the median was -2.49.
American Healthcare REIT Beneish M-Score Related Terms
American Healthcare REIT Beneish M-Score Historical Data
* 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 REIT - Healthcare Facilities subindustry, American Healthcare REIT'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.
American Healthcare REIT Beneish M-Score vs REITs Industry
For the REITs industry and Real Estate sector, American Healthcare REIT's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where American Healthcare REIT's Beneish M-Score falls into.
American Healthcare REIT 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 American Healthcare REIT 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 * 0.9667
+
0.528 * 0.9689
+
0.404 * 1.0215
+
0.892 * 1.1224
+
0.115 * 0.893
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.996
+
4.679 * -0.036639
-
0.327 * 0.7645
=
-2.52
* 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))
=
(218.001 / (218.001 + 153.349))
/
(250.258 / (250.258 + 130.405))
=
0.58705
/
0.657427
=
0.893
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
=
(100.323 - -9.439
-
314.892)
/
5598.658
=
-0.036639
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.
American Healthcare REIT has a M-score of -2.52 suggests that the company is unlikely to be a manipulator.
American Healthcare REIT (AHR) has a Beneish M-Score of -2.52 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on American Healthcare REIT and its competitors. According to the industry distribution chart, American Healthcare REIT ranks #361 out of 764 companies in the REITs industry, placing it in the top 47.3%.
Is American Healthcare REIT's Beneish M-Score too high?
American Healthcare REIT's current Beneish M-Score is -2.52. Based on the distribution chart, American Healthcare REIT ranks #361 out of 764 companies in the REITs industry, which is above the industry midpoint. Overall, American Healthcare REIT has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does American Healthcare REIT's Beneish M-Score compare to CTRE and DOC?
According to the REITs industry distribution chart, American Healthcare REIT ranks #361 out of 764 companies for Beneish M-Score. This puts American Healthcare REIT 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 REITs company?
A good Beneish M-Score depends on the REITs 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 American Healthcare REIT and its competitors. American Healthcare REIT's current Beneish M-Score is -2.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Healthcare REIT stock overvalued right now?
American Healthcare REIT (AHR) has a current Beneish M-Score of -2.52. The current Beneish M-Score is -2.52. American Healthcare REIT's overall GF Score™ is 32/100 with 8 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 American Healthcare REIT (AHR), the current Beneish M-Score is -2.52 as of Jun. 26, 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.
American Healthcare REIT Inc is a healthcare-focused real estate investment trust. It owns a diversified portfolio of clinical healthcare real estate properties, focusing on medical office buildings, skilled nursing facilities, senior housing, hospitals, and other healthcare-related facilities. It has four reportable business segments: integrated senior health campuses, outpatient medical, triple-net leased properties and SHOP. It generates majority of its revenue through Integrated Senior Health Campuses segment.
32GF Score
Get the complete analysis for AHR
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
AHR has been successfully added to your 
