CMHSF (Comprehensive Healthcare Systems) Beneish M-Score: -3.96 (As of Jun. 28, 2026)


CMHSF Comprehensive Healthcare Systems Inc CMHSF
26 GF Score
Price $0.38
GF Value $0.08
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Comprehensive Healthcare Systems Beneish M-Score?

Comprehensive Healthcare Systems CMHSF +10.45% 26 Beneish M-Score is -3.96 as of Jun. 28, 2026. GuruFocus rates CMHSF with a GF Score™ of 26/100 and a GF Value™ of $0.08 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 630 Healthcare Providers & Services companies, Comprehensive Healthcare Systems ranks better than 92.86% 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 -3.96 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

CMHSF' s Beneish M-Score Range Over the Past 10 Years
Min: -16.33   Med: -11.37   Max: -3.96
Current: -3.96

During the past 7 years, the highest Beneish M-Score of Comprehensive Healthcare Systems was -3.96. The lowest was -16.33. And the median was -11.37.

Comprehensive Healthcare Systems Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Comprehensive Healthcare Systems'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.

Comprehensive Healthcare Systems Beneish M-Score Chart

Comprehensive Healthcare Systems Annual Data
Trend Jan19 Jan20 Jan21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 -14.17 -14.99 -5.98

Comprehensive Healthcare Systems Quarterly Data
Apr21 Jul21 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 -7.60 -4.58 0.00 -5.98 -3.96

CMHSF vs VEEV, BTSG, TEM: Beneish M-Score Comparison

For the Health Information Services subindustry, Comprehensive Healthcare Systems'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.

Comprehensive Healthcare Systems Beneish M-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Comprehensive Healthcare Systems's Beneish M-Score distribution charts can be found below:

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


CMHSF
26GF Score
Comprehensive Healthcare Systems Inc CMHSF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Comprehensive Healthcare Systems 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 Comprehensive Healthcare Systems 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 * 0.3444+0.528 * 1.008+0.404 * 0.7349+0.892 * 1.0997+0.115 * 3.0224
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.2651+4.679 * -0.255551-0.327 * 0.3896
=-3.91

* 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 $0.13 Mil.
Revenue was 1.181 + 0.912 + 1.122 + 1.042 = $4.26 Mil.
Gross Profit was 0.713 + 0.388 + 0.7 + 0.633 = $2.43 Mil.
Total Current Assets was $1.62 Mil.
Total Assets was $2.21 Mil.
Property, Plant and Equipment(Net PPE) was $0.54 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.12 Mil.
Selling, General, & Admin. Expense(SGA) was $2.99 Mil.
Total Current Liabilities was $4.63 Mil.
Long-Term Debt & Capital Lease Obligation was $1.44 Mil.
Net Income was -0.495 + -1.745 + -0.176 + -0.069 = $-2.49 Mil.
Non Operating Income was 0.095 + -0.588 + 0.013 + 0.003 = $-0.48 Mil.
Cash Flow from Operations was -1.298 + -0.113 + 0.175 + -0.208 = $-1.44 Mil.
 Total Receivables was $0.33 Mil.
Revenue was 1.045 + 0.947 + 0.982 + 0.897 = $3.87 Mil.
Gross Profit was 0.673 + 0.527 + 0.563 + 0.468 = $2.23 Mil.
Total Current Assets was $0.60 Mil.
Total Assets was $0.94 Mil.
Property, Plant and Equipment(Net PPE) was $0.32 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.40 Mil.
Selling, General, & Admin. Expense(SGA) was $2.15 Mil.
Total Current Liabilities was $6.10 Mil.
Long-Term Debt & Capital Lease Obligation was $0.56 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)
=(0.125 / 4.257) / (0.33 / 3.871)
=0.029363 / 0.085249
=0.3444

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)
=(2.231 / 3.871) / (2.434 / 4.257)
=0.576337 / 0.571764
=1.008

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 - (1.621 + 0.543) / 2.207) / (1 - (0.595 + 0.323) / 0.943)
=0.019483 / 0.026511
=0.7349

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
=4.257 / 3.871
=1.0997

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))
=(0.396 / (0.396 + 0.323)) / (0.121 / (0.121 + 0.543))
=0.550765 / 0.182229
=3.0224

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)
=(2.994 / 4.257) / (2.152 / 3.871)
=0.703312 / 0.555929
=1.2651

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)
=((1.438 + 4.632) / 2.207) / ((0.56 + 6.097) / 0.943)
=2.75034 / 7.059385
=0.3896

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
=(-2.485 - -0.477 - -1.444) / 2.207
=-0.255551

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.

Comprehensive Healthcare Systems has a M-score of -3.91 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 -3.96 mean?
Comprehensive Healthcare Systems (CMHSF) has a Beneish M-Score of -3.96 as of Jun. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Comprehensive Healthcare Systems and its competitors. According to the industry distribution chart, Comprehensive Healthcare Systems ranks #45 out of 630 companies in the Healthcare Providers & Services industry, placing it in the top 7.1%.
Is Comprehensive Healthcare Systems' Beneish M-Score too high?
Comprehensive Healthcare Systems' current Beneish M-Score is -3.96. Based on the distribution chart, Comprehensive Healthcare Systems ranks #45 out of 630 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Comprehensive Healthcare Systems has a GF Score™ of 26/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Comprehensive Healthcare Systems' Beneish M-Score compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, Comprehensive Healthcare Systems ranks #45 out of 630 companies for Beneish M-Score. This places Comprehensive Healthcare Systems in the top 7% 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 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 Comprehensive Healthcare Systems and its competitors. Comprehensive Healthcare Systems's current Beneish M-Score is -3.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comprehensive Healthcare Systems stock overvalued right now?
Based on GuruFocus' analysis, Comprehensive Healthcare Systems (CMHSF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.08, compared to a current price of $0.38 — trading 374.2% above its estimated fair value. The current Beneish M-Score is -3.96. Comprehensive Healthcare Systems' overall GF Score™ is 26/100 with 5 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 Comprehensive Healthcare Systems (CMHSF), the current Beneish M-Score is -3.96 as of Jun. 28, 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 Comprehensive Healthcare Systems (CMHSF) Overvalued in 2026?

Based on GuruFocus' analysis, Comprehensive Healthcare Systems stock appears to be overvalued. The current stock price of $0.38 is trading 374.2% above its estimated GF Value™ of $0.08. GuruFocus considers Comprehensive Healthcare Systems to be Significantly Overvalued.

Key valuation signals for CMHSF:

  • Beneish M-Score: -3.96
  • GF Value™: $0.08 vs. price of $0.38 (374.2% above fair value)
  • GF Score™: 26/100 with 5 warning signs

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

Comprehensive Healthcare Systems Business Description

Other Exchanges CHS:Canada
Address 515 Plainfield Avenue, Suite 103, Edison, NJ, USA, 08817
Comprehensive Healthcare Systems Inc is a vertically integrated software as a services (SaaS) company focused on digitizing healthcare with Healthcare Benefits Administration solutions, providing reliable and high-volume transaction-capable systems. The company's Novus 360 Healthcare Welfare and Benefits Administration (HWBA) SaaS platform is used by clients for all aspects of healthcare benefits administration (including self-funded employers, providers, and labor unions), providing healthcare administrative software and technology-enabled services. It provides healthcare administrative software, licensing and maintenance services to various interests in the healthcare industry, including insurance companies, hospitals, doctors and labor unions. It operates in single segment.
26GF Score

Get the complete analysis for CMHSF

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

$0.38
Price
$0.08
GF Value