Care Property Invest NV/SA (CHIX:CPINVB) Beneish M-Score: -2.07 (As of Jun. 27, 2026)


CHIX:CPINVB Care Property Invest NV/SA CHIX:CPINVB
73 GF Score
Price €12.21
GF Value €12.50
! 9 Warning Signs
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What is Care Property Invest NV/SA Beneish M-Score?

Care Property Invest NV/SA CHIX:CPINVB 73 Beneish M-Score is -2.07 as of Jun. 27, 2026. GuruFocus rates CHIX:CPINVB with a GF Score™ of 73/100 and a GF Value™ of €12.50. The stock has 9 warning signs investors should review. Among 764 REITs companies, Care Property Invest NV/SA ranks worse than 78.4% 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 -2.07 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Care Property Invest NV/SA's Beneish M-Score or its related term are showing as below:

CHIX:CPINVb' s Beneish M-Score Range Over the Past 10 Years
Min: -8.22   Med: -1.86   Max: 2.11
Current: -2.07

During the past 13 years, the highest Beneish M-Score of Care Property Invest NV/SA was 2.11. The lowest was -8.22. And the median was -1.86.


Care Property Invest NV/SA Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Care Property Invest NV/SA'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.

Care Property Invest NV/SA Beneish M-Score Chart

Care Property Invest NV/SA 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 -0.42 -2.65 -2.61 -2.65 -2.07

Care Property Invest NV/SA 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 0.00 0.00 0.00 -2.07 0.00

CHIX:CPINVB vs WELL, VTR, OHI: Beneish M-Score Comparison

For the REIT - Healthcare Facilities subindustry, Care Property Invest NV/SA'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.


Care Property Invest NV/SA Beneish M-Score vs REITs Industry

For the REITs industry and Real Estate sector, Care Property Invest NV/SA's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Care Property Invest NV/SA's Beneish M-Score falls into.


CHIX:CPINVB
73GF Score
Care Property Invest NV/SA CHIX:CPINVB
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Care Property Invest NV/SA 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 Care Property Invest NV/SA 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 * 1.3875+0.528 * 1.0011+0.404 * 0.9955+0.892 * 1.0616+0.115 * 1.0892
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0656+4.679 * 0.001455-0.327 * 1.0248
=-2.07

* 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 €10.79 Mil.
Revenue was €75.16 Mil.
Gross Profit was €73.81 Mil.
Total Current Assets was €19.30 Mil.
Total Assets was €1,392.36 Mil.
Property, Plant and Equipment(Net PPE) was €4.35 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.52 Mil.
Selling, General, & Admin. Expense(SGA) was €3.79 Mil.
Total Current Liabilities was €112.14 Mil.
Long-Term Debt & Capital Lease Obligation was €563.93 Mil.
Net Income was €59.16 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €57.14 Mil.
Total Receivables was €7.33 Mil.
Revenue was €70.80 Mil.
Gross Profit was €69.60 Mil.
Total Current Assets was €10.95 Mil.
Total Assets was €1,225.95 Mil.
Property, Plant and Equipment(Net PPE) was €4.50 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.59 Mil.
Selling, General, & Admin. Expense(SGA) was €3.35 Mil.
Total Current Liabilities was €184.69 Mil.
Long-Term Debt & Capital Lease Obligation was €396.18 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)
=(10.794 / 75.158) / (7.328 / 70.797)
=0.143617 / 0.103507
=1.3875

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)
=(69.6 / 70.797) / (73.807 / 75.158)
=0.983093 / 0.982025
=1.0011

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 - (19.304 + 4.351) / 1392.363) / (1 - (10.945 + 4.495) / 1225.947)
=0.983011 / 0.987406
=0.9955

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
=75.158 / 70.797
=1.0616

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))
=(0.588 / (0.588 + 4.495)) / (0.517 / (0.517 + 4.351))
=0.11568 / 0.106204
=1.0892

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)
=(3.792 / 75.158) / (3.352 / 70.797)
=0.050454 / 0.047347
=1.0656

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)
=((563.93 + 112.14) / 1392.363) / ((396.184 + 184.693) / 1225.947)
=0.485556 / 0.473819
=1.0248

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
=(59.164 - 0 - 57.138) / 1392.363
=0.001455

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.

Care Property Invest NV/SA has a M-score of -2.07 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 -2.07 mean?
Care Property Invest NV/SA (CHIX:CPINVB) has a Beneish M-Score of -2.07 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Care Property Invest NV/SA and its competitors. According to the industry distribution chart, Care Property Invest NV/SA ranks #599 out of 764 companies in the REITs industry, placing it in the top 78.4%.
Is Care Property Invest NV/SA's Beneish M-Score too high?
Care Property Invest NV/SA's current Beneish M-Score is -2.07. Based on the distribution chart, Care Property Invest NV/SA ranks #599 out of 764 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Care Property Invest NV/SA has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Care Property Invest NV/SA's Beneish M-Score compare to WELL and VTR?
According to the REITs industry distribution chart, Care Property Invest NV/SA ranks #599 out of 764 companies for Beneish M-Score. This places Care Property Invest NV/SA 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 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 Care Property Invest NV/SA and its competitors. Care Property Invest NV/SA's current Beneish M-Score is -2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Care Property Invest NV/SA stock overvalued right now?
Care Property Invest NV/SA (CHIX:CPINVB) has a current Beneish M-Score of -2.07. The stock's GF Value™ is €12.50, compared to a current price of €12.21 — trading 2.3% below its estimated fair value. The current Beneish M-Score is -2.07. Care Property Invest NV/SA's overall GF Score™ is 73/100 with 9 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 Care Property Invest NV/SA (CHIX:CPINVB), the current Beneish M-Score is -2.07 as of Jun. 27, 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 Care Property Invest NV/SA (CHIX:CPINVB) Overvalued in 2026?

Based on GuruFocus' analysis, Care Property Invest NV/SA stock appears to be undervalued. The current stock price of €12.21 is trading 2.3% below its estimated GF Value™ of €12.50.

Key valuation signals for CHIX:CPINVB:

  • Beneish M-Score: -2.07
  • GF Value™: €12.50 vs. price of €12.21 (2.3% below fair value)
  • GF Score™: 73/100 with 9 warning signs

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


Care Property Invest NV/SA Business Description

Industry Real EstateREITs
Address Horstebaan 3, Flemish Region, Schoten, BEL, 2900
Care Property Invest NV/SA is a pure healthcare real estate company that invests in high-quality real estate solutions for seniors and people with disabilities in Europe. The company acquires, builds and renovates healthcare real estate, including residential care centres, groups of assisted living apartments and residential complexes, and leases these properties on a long-term basis to care operators. Its activities include the acquisition, construction, development, renovation and long-term leasing of healthcare real estate. The company operates through two segments: Investment Properties and Finance Leases, with Investment Properties generating maximum rental income. The geographical presence across four core markets: Belgium, the Netherlands, Spain, and Ireland.
73GF Score

Get the complete analysis for CHIX:CPINVB

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

€12.21
Price
€12.50
GF Value