Ardent HealthARDT +2.06%39 Beneish M-Score is -2.89 as of Jun. 29, 2026. GuruFocus rates ARDT with a GF Score™ of 39/100. The stock has 2 warning signs investors should review. Among 630 Healthcare Providers & Services companies, Ardent Health ranks better than 74.29% 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 -2.89 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Ardent Health's Beneish M-Score or its related term are showing as below:
ARDT'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.89 Med: -2.66 Max: -1.48
Current: -2.89
During the past 8 years, the highest Beneish M-Score of Ardent Health was -1.48. The lowest was -2.89. And the median was -2.66.
Ardent Health Beneish M-Score Related Terms
Ardent Health Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Ardent 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.
ARDT vs INNV, AMN, PNTG: Beneish M-Score Comparison
For the Medical Care Facilities subindustry, Ardent 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.
Ardent Health Beneish M-Score vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Ardent Health's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Ardent Health'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 Ardent 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 * 0.8278
+
0.528 * 0.9652
+
0.404 * 0.9386
+
0.892 * 1.0672
+
0.115 * 0.9439
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0201
+
4.679 * -0.057375
-
0.327 * 0.9686
=
-2.89
* 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))
=
(147.138 / (147.138 + 2063.726))
/
(162.488 / (162.488 + 2142.164))
=
0.066552
/
0.070504
=
0.9439
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
=
(134.278 - 0.583
-
435.075)
/
5252.825
=
-0.057375
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.
Ardent Health has a M-score of -2.89 suggests that the company is unlikely to be a manipulator.
Ardent Health (ARDT) has a Beneish M-Score of -2.89 as of Jun. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ardent Health and its competitors. According to the industry distribution chart, Ardent Health ranks #162 out of 630 companies in the Healthcare Providers & Services industry, placing it in the top 25.7%.
Is Ardent Health's Beneish M-Score too high?
Ardent Health's current Beneish M-Score is -2.89. Based on the distribution chart, Ardent Health ranks #162 out of 630 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Ardent Health has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Ardent Health's Beneish M-Score compare to INNV and AMN?
According to the Healthcare Providers & Services industry distribution chart, Ardent Health ranks #162 out of 630 companies for Beneish M-Score. This puts Ardent Health 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 Healthcare Providers & Services company?
A good Beneish M-Score depends on the Healthcare Providers & Services 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 Ardent Health and its competitors. Ardent Health's current Beneish M-Score is -2.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ardent Health stock overvalued right now?
Ardent Health (ARDT) has a current Beneish M-Score of -2.89. The current Beneish M-Score is -2.89. Ardent Health's overall GF Score™ is 39/100 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 Ardent Health (ARDT), the current Beneish M-Score is -2.89 as of Jun. 29, 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.
Ardent Health Inc is a provider of healthcare in growing mid-sized urban communities across the U.S and operating in eight growing mid-sized urban markets across six states Texas, Oklahoma, New Mexico, New Jersey, Idaho, and Kansas. The main focus on people and investments in services and technologies.
39GF Score
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