CON (Concentra Group Holdings Parent) Beneish M-Score: -2.56 (As of Jun. 24, 2026)


CON Concentra Group Holdings Parent Inc CON
19 GF Score
Price $29.14
! 7 Warning Signs
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What is Concentra Group Holdings Parent Beneish M-Score?

Concentra Group Holdings Parent CON +1.67% 19 Beneish M-Score is -2.56 as of Jun. 24, 2026. GuruFocus rates CON with a GF Score™ of 19/100. The stock has 7 warning signs investors should review. Among 632 Healthcare Providers & Services companies, Concentra Group Holdings Parent ranks worse than 52.85% 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 -2.56 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Concentra Group Holdings Parent's Beneish M-Score or its related term are showing as below:

CON' s Beneish M-Score Range Over the Past 10 Years
Min: -2.95   Med: -2.53   Max: -2.46
Current: -2.56

During the past 5 years, the highest Beneish M-Score of Concentra Group Holdings Parent was -2.46. The lowest was -2.95. And the median was -2.53.


Concentra Group Holdings Parent Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Concentra Group Holdings Parent'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.

Concentra Group Holdings Parent Beneish M-Score Chart

Concentra Group Holdings Parent Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 -2.95 -2.49

Concentra Group Holdings Parent Quarterly Data
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 -2.47 -2.79 -2.46 -2.49 -2.56

CON vs OPCH, BKD, LFST: Beneish M-Score Comparison

For the Medical Care Facilities subindustry, Concentra Group Holdings Parent'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.


Concentra Group Holdings Parent Beneish M-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Concentra Group Holdings Parent's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Concentra Group Holdings Parent's Beneish M-Score falls into.


CON
19GF Score
Concentra Group Holdings Parent Inc CON
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Concentra Group Holdings Parent 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 Concentra Group Holdings Parent 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 * 0.9949+0.528 * 0.9762+0.404 * 0.9741+0.892 * 1.1546+0.115 * 0.9047
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1046+4.679 * -0.038316-0.327 * 0.9444
=-2.56

* 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 $297 Mil.
Revenue was 569.555 + 539.08 + 572.8 + 550.785 = $2,232 Mil.
Gross Profit was 170.469 + 140.727 + 167.265 + 161.451 = $640 Mil.
Total Current Assets was $404 Mil.
Total Assets was $2,890 Mil.
Property, Plant and Equipment(Net PPE) was $725 Mil.
Depreciation, Depletion and Amortization(DDA) was $79 Mil.
Selling, General, & Admin. Expense(SGA) was $212 Mil.
Total Current Liabilities was $321 Mil.
Long-Term Debt & Capital Lease Obligation was $2,024 Mil.
Net Income was 50.488 + 34.685 + 48.259 + 44.56 = $178 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0 Mil.
Cash Flow from Operations was 21.019 + 118.692 + 60.627 + 88.379 = $289 Mil.
Total Receivables was $258 Mil.
Revenue was 500.752 + 465.041 + 489.638 + 477.915 = $1,933 Mil.
Gross Profit was 143.651 + 120.19 + 138.535 + 138.642 = $541 Mil.
Total Current Assets was $352 Mil.
Total Assets was $2,729 Mil.
Property, Plant and Equipment(Net PPE) was $670 Mil.
Depreciation, Depletion and Amortization(DDA) was $65 Mil.
Selling, General, & Admin. Expense(SGA) was $166 Mil.
Total Current Liabilities was $320 Mil.
Long-Term Debt & Capital Lease Obligation was $2,024 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)
=(296.508 / 2232.22) / (258.128 / 1933.346)
=0.132831 / 0.133514
=0.9949

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)
=(541.018 / 1933.346) / (639.912 / 2232.22)
=0.279835 / 0.286671
=0.9762

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 - (404.214 + 724.54) / 2889.76) / (1 - (351.589 + 670.303) / 2729.238)
=0.609395 / 0.625576
=0.9741

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
=2232.22 / 1933.346
=1.1546

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))
=(65.312 / (65.312 + 670.303)) / (78.846 / (78.846 + 724.54))
=0.088786 / 0.098142
=0.9047

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)
=(211.872 / 2232.22) / (166.122 / 1933.346)
=0.094915 / 0.085925
=1.1046

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)
=((2023.715 + 320.875) / 2889.76) / ((2024.387 + 320.391) / 2729.238)
=0.811344 / 0.859133
=0.9444

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
=(177.992 - 0 - 288.717) / 2889.76
=-0.038316

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.

Concentra Group Holdings Parent has a M-score of -2.56 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 -2.56 mean?
Concentra Group Holdings Parent (CON) has a Beneish M-Score of -2.56 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Concentra Group Holdings Parent and its competitors. According to the industry distribution chart, Concentra Group Holdings Parent ranks #334 out of 632 companies in the Healthcare Providers & Services industry, placing it in the top 52.8%.
Is Concentra Group Holdings Parent's Beneish M-Score too high?
Concentra Group Holdings Parent's current Beneish M-Score is -2.56. Based on the distribution chart, Concentra Group Holdings Parent ranks #334 out of 632 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Concentra Group Holdings Parent has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Concentra Group Holdings Parent's Beneish M-Score compare to OPCH and BKD?
According to the Healthcare Providers & Services industry distribution chart, Concentra Group Holdings Parent ranks #334 out of 632 companies for Beneish M-Score. This places Concentra Group Holdings Parent 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 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 Concentra Group Holdings Parent and its competitors. Concentra Group Holdings Parent's current Beneish M-Score is -2.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Concentra Group Holdings Parent stock overvalued right now?
Concentra Group Holdings Parent (CON) has a current Beneish M-Score of -2.56. The current Beneish M-Score is -2.56. Concentra Group Holdings Parent's overall GF Score™ is 19/100 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 Concentra Group Holdings Parent (CON), the current Beneish M-Score is -2.56 as of Jun. 24, 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.

Concentra Group Holdings Parent Business Description

Address 5080 Spectrum Drive, Suite 1200W, Addison, TX, USA, 75001
Concentra Group Holdings Parent Inc is a provider of occupational health services in the USA. The business is organized into three operating segments: occupational health centers, onsite health clinics, and other businesses.
19GF Score

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

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