CWSRF (Chartwell Retirement Residences) Beneish M-Score: -2.83 (As of Jun. 25, 2026)

What is Chartwell Retirement Residences Beneish M-Score?

Chartwell Retirement Residences CWSRF 69 Beneish M-Score is -2.83 as of Jun. 25, 2026. GuruFocus rates CWSRF with a GF Score™ of 69/100 and a GF Value™ of $13.46 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 765 REITs companies, Chartwell Retirement Residences ranks better than 82.09% 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 -2.83 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Chartwell Retirement Residences's Beneish M-Score or its related term are showing as below:

CWSRF' s Beneish M-Score Range Over the Past 10 Years
Min: -3.54 Med: -2.57 Max: 1.23
Current: -2.83

During the past 13 years, the highest Beneish M-Score of Chartwell Retirement Residences was 1.23. The lowest was -3.54. And the median was -2.57.

Chartwell Retirement Residences Beneish M-Score Related Terms

Chartwell Retirement Residences Beneish M-Score Historical Data

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The historical data trend for Chartwell Retirement Residences'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.

Chartwell Retirement Residences Beneish M-Score Chart

Chartwell Retirement Residences Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-3.21

-2.77

-2.63

-2.07

-3.03

Chartwell Retirement Residences 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															-2.21	-2.47	-2.08	-3.03	-2.83

CWSRF vs WELL, VTR, OHI: Beneish M-Score Comparison

For the REIT - Healthcare Facilities subindustry, Chartwell Retirement Residences'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.

Chartwell Retirement Residences Beneish M-Score vs REITs Industry

For the REITs industry and Real Estate sector, Chartwell Retirement Residences's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Chartwell Retirement Residences's Beneish M-Score falls into.

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69GF Score

Chartwell Retirement Residences CWSRF

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Chartwell Retirement Residences 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 Chartwell Retirement Residences for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.7085

0.528 * 0.9824

0.404 * 0.8248

0.892 * 1.2994

0.115 * 0.8587

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.8148

4.679 * -0.061161

0.327 * 0.882

-2.79

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was $24.0 Mil.
Revenue was 223.98 + 215.499 + 202.2 + 198.883 = $840.6 Mil.
Gross Profit was 93.359 + 88.682 + 82.645 + 82.053 = $346.7 Mil.
Total Current Assets was $271.0 Mil.
Total Assets was $3,747.1 Mil.
Property, Plant and Equipment(Net PPE) was $3,329.2 Mil.
Depreciation, Depletion and Amortization(DDA) was $190.2 Mil.
Selling, General, & Admin. Expense(SGA) was $39.4 Mil.
Total Current Liabilities was $606.6 Mil.
Long-Term Debt & Capital Lease Obligation was $1,754.5 Mil.
Net Income was 5.825 + 5.251 + -3.788 + -4.221 = $3.1 Mil.
Non Operating Income was 1.897 + 5.664 + -4.242 + -5.333 = $-2.0 Mil.
Cash Flow from Operations was 46.583 + 66.244 + 62.046 + 59.385 = $234.3 Mil.

Total Receivables was $26.1 Mil.
Revenue was 175.176 + 162.369 + 162.168 + 147.168 = $646.9 Mil.
Gross Profit was 70.651 + 65.01 + 67.388 + 59.092 = $262.1 Mil.
Total Current Assets was $109.0 Mil.
Total Assets was $2,979.0 Mil.
Property, Plant and Equipment(Net PPE) was $2,728.4 Mil.
Depreciation, Depletion and Amortization(DDA) was $132.8 Mil.
Selling, General, & Admin. Expense(SGA) was $37.2 Mil.
Total Current Liabilities was $527.5 Mil.
Long-Term Debt & Capital Lease Obligation was $1,600.7 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)
	=	(24.038 / 840.562)	/	(26.11 / 646.881)
	=	0.028598	/	0.040363
	=	0.7085

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)
	=	(262.141 / 646.881)	/	(346.739 / 840.562)
	=	0.405238	/	0.412509
	=	0.9824

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 - (270.996 + 3329.223) / 3747.122)	/	(1 - (109.007 + 2728.429) / 2979.035)
	=	0.039204	/	0.047532
	=	0.8248

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
	=	840.562	/	646.881
	=	1.2994

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))
	=	(132.781 / (132.781 + 2728.429))	/	(190.197 / (190.197 + 3329.223))
	=	0.046407	/	0.054042
	=	0.8587

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)
	=	(39.431 / 840.562)	/	(37.243 / 646.881)
	=	0.04691	/	0.057573
	=	0.8148

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)
	=	((1754.488 + 606.614) / 3747.122)	/	((1600.72 + 527.492) / 2979.035)
	=	0.630111	/	0.714396
	=	0.882

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
	=	(3.067 - -2.014	-	234.258)	/	3747.122
	=	-0.061161

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.

Chartwell Retirement Residences has a M-score of -2.79 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 -2.83 mean?

Chartwell Retirement Residences (CWSRF) has a Beneish M-Score of -2.83 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Chartwell Retirement Residences and its competitors. According to the industry distribution chart, Chartwell Retirement Residences ranks #137 out of 765 companies in the REITs industry, placing it in the top 17.9%.

Is Chartwell Retirement Residences' Beneish M-Score too high?

Chartwell Retirement Residences' current Beneish M-Score is -2.83. Based on the distribution chart, Chartwell Retirement Residences ranks #137 out of 765 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Chartwell Retirement Residences has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Chartwell Retirement Residences' Beneish M-Score compare to WELL and VTR?

According to the REITs industry distribution chart, Chartwell Retirement Residences ranks #137 out of 765 companies for Beneish M-Score. This places Chartwell Retirement Residences in the top 18% 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 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 Chartwell Retirement Residences and its competitors. Chartwell Retirement Residences's current Beneish M-Score is -2.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Chartwell Retirement Residences stock overvalued right now?

Based on GuruFocus' analysis, Chartwell Retirement Residences (CWSRF) is currently considered Modestly Overvalued. The stock's GF Value™ is $13.46, compared to a current price of $15.50 — trading 15.2% above its estimated fair value. The current Beneish M-Score is -2.83. Chartwell Retirement Residences' overall GF Score™ is 69/100 with 11 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 Chartwell Retirement Residences (CWSRF), the current Beneish M-Score is -2.83 as of Jun. 25, 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 Chartwell Retirement Residences (CWSRF) Overvalued in 2026?

Based on GuruFocus' analysis, Chartwell Retirement Residences stock appears to be overvalued. The current stock price of $15.50 is trading 15.2% above its estimated GF Value™ of $13.46. GuruFocus considers Chartwell Retirement Residences to be Modestly Overvalued.

Key valuation signals for CWSRF:

Beneish M-Score: -2.83
GF Value™: $13.46 vs. price of $15.50 (15.2% above fair value)
GF Score™: 69/100 with 11 warning signs

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

Chartwell Retirement Residences Business Description

Industry Real Estate REITs

Comparable Companies TSX:VITL.UN TSXV:PINE.UN WELL VTR OHI DOC AHR CTRE HR XBRU:AED SBRA XBRU:COFB NHI LSE:PHP MPT SGX:C2PU DHC LTC SILA LSE:THRL

Other Exchanges CSH.UN:Canada

Address 7070 Derrycrest Drive, Mississauga, ON, CAN, L5W 0G5

Website https://www.chartwell.com

Chartwell Retirement Residences is an unincorporated open-ended real estate trust that is engaged in the ownership, operations, and management of retirement residences and long-term care homes in Canada. The company generates key revenue from retirement operations, which include retirement residences that the company owns and operates in Canada. The retirement residences provide services to residents at rates set by Chartwell based on the services provided and market conditions.

69GF Score

Get the complete analysis for CWSRF

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

$15.50

Price

$13.46

GF Value

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