FCHS (First Choice Healthcare Solutions) Beneish M-Score: 0.00 (As of Aug. 02, 2026)

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What is First Choice Healthcare Solutions Beneish M-Score?

First Choice Healthcare Solutions FCHS Beneish M-Score is 0.00 as of Aug. 02, 2026. The stock has 5 warning signs investors should review. Among 626 Healthcare Providers & Services companies, First Choice Healthcare Solutions ranks worse than 159744.25% 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.

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

During the past 13 years, the highest Beneish M-Score of First Choice Healthcare Solutions was 35.63. The lowest was -9.96. And the median was -2.40.

First Choice Healthcare Solutions Beneish M-Score Historical Data

* Premium members only.

The historical data trend for First Choice Healthcare Solutions'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.

First Choice Healthcare Solutions Beneish M-Score Chart

First Choice Healthcare Solutions Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.17 -8.03 35.63 0.00 0.00

First Choice Healthcare Solutions Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 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 -3.69 0.00 0.00

FCHS vs GRST, PAIYY, FOXOD: Beneish M-Score Comparison

For the Medical Care Facilities subindustry, First Choice Healthcare Solutions'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.

First Choice Healthcare Solutions Beneish M-Score vs Healthcare Providers & Services Industry

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

* The bar in red indicates where First Choice Healthcare Solutions's Beneish M-Score falls into.


First Choice Healthcare Solutions 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 First Choice Healthcare Solutions 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 $0.00 Mil.
Revenue was 0 + 0.002 + 0 + 0.001 = $0.00 Mil.
Gross Profit was 0 + 0.002 + 0 + 0.001 = $0.00 Mil.
Total Current Assets was $0.04 Mil.
Total Assets was $4.05 Mil.
Property, Plant and Equipment(Net PPE) was $3.40 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.02 Mil.
Selling, General, & Admin. Expense(SGA) was $2.03 Mil.
Total Current Liabilities was $42.23 Mil.
Long-Term Debt & Capital Lease Obligation was $2.80 Mil.
Net Income was -1.436 + -3.462 + -1.463 + -0.639 = $-7.00 Mil.
Non Operating Income was 0 + 0 + 0 + 0.451 = $0.45 Mil.
Cash Flow from Operations was -0.327 + 0.003 + -0.164 + -0.097 = $-0.59 Mil.
 Total Receivables was $0.00 Mil.
Revenue was 0.004 + 0.02 + -0.03 + 0.003 = $-0.00 Mil.
Gross Profit was 0.004 + 0.02 + -0.03 + 0.003 = $-0.00 Mil.
Total Current Assets was $0.07 Mil.
Total Assets was $4.40 Mil.
Property, Plant and Equipment(Net PPE) was $3.81 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.03 Mil.
Selling, General, & Admin. Expense(SGA) was $0.99 Mil.
Total Current Liabilities was $34.64 Mil.
Long-Term Debt & Capital Lease Obligation was $3.64 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 / 0.003) / (0 / -0.003)
=0 /
=

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)
=(-0.003 / -0.003) / (0.003 / 0.003)
= / 1
=

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 - (0.044 + 3.398) / 4.052) / (1 - (0.07 + 3.814) / 4.395)
=0.150543 / 0.116268
=

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
=0.003 / -0.003
=

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))
=(0.033 / (0.033 + 3.814)) / (0.015 / (0.015 + 3.398))
=0.008578 / 0.004395
=

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)
=(2.034 / 0.003) / (0.988 / -0.003)
=678 /
=

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)
=((2.804 + 42.234) / 4.052) / ((3.644 + 34.644) / 4.395)
=11.115005 / 8.711718
=

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
=(-7 - 0.451 - -0.585) / 4.052
=-1.694472

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
First Choice Healthcare Solutions (FCHS) has a Beneish M-Score of 0.00 as of Aug. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on First Choice Healthcare Solutions and its competitors. According to the industry distribution chart, First Choice Healthcare Solutions ranks #999999 out of 626 companies in the Healthcare Providers & Services industry.
Is First Choice Healthcare Solutions' Beneish M-Score too high?
First Choice Healthcare Solutions' current Beneish M-Score is 0.00. Based on the distribution chart, First Choice Healthcare Solutions ranks #999999 out of 626 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers.
How does First Choice Healthcare Solutions' Beneish M-Score compare to GRST and PAIYY?
According to the Healthcare Providers & Services industry distribution chart, First Choice Healthcare Solutions ranks #999999 out of 626 companies for Beneish M-Score. This places First Choice Healthcare Solutions 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 First Choice Healthcare Solutions and its competitors. First Choice Healthcare Solutions's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Choice Healthcare Solutions stock overvalued right now?
First Choice Healthcare Solutions (FCHS) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. 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 First Choice Healthcare Solutions (FCHS), the current Beneish M-Score is 0.00 as of Aug. 02, 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.

First Choice Healthcare Solutions Business Description

Address 95 Bulldog Boulevard, Suite 202, Melbourne, FL, USA, 32901
First Choice Healthcare Solutions Inc is engaged in pivoting away from its historic orthopedic business model toward developing a national chain of medical functional health and wellness clinics. These clinics focus on providing life improvement services, including anti-aging, weight management, hormone replacement, and pharmacy services, in key high-growth markets throughout the U.S. However, the Company continues to provide rehabilitative services on a limited basis, such as physical therapy. It plans to terminate all remaining legacy orthopedic and physical therapy services and focus its resources on building and operating medical functional health and wellness clinics.