Inspiration Healthcare Group (LSE:IHC) Beneish M-Score: -3.90 (As of Jun. 26, 2026)

What is Inspiration Healthcare Group Beneish M-Score?

Inspiration Healthcare Group LSE:IHC 48 Beneish M-Score is -3.90 as of Jun. 26, 2026. GuruFocus rates LSE:IHC with a GF Score™ of 48/100 and a GF Value™ of £0.22 (Fairly Valued). The stock has 6 warning signs investors should review. Among 766 Medical Devices & Instruments companies, Inspiration Healthcare Group ranks better than 92.82% 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 -3.9 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LSE:IHC' s Beneish M-Score Range Over the Past 10 Years
Min: -4.12 Med: -2.23 Max: -1.73
Current: -3.9

During the past 13 years, the highest Beneish M-Score of Inspiration Healthcare Group was -1.73. The lowest was -4.12. And the median was -2.23.

Inspiration Healthcare Group Beneish M-Score Related Terms

Inspiration Healthcare Group Beneish M-Score Historical Data

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The historical data trend for Inspiration Healthcare Group'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.

Inspiration Healthcare Group Beneish M-Score Chart

Inspiration Healthcare Group Annual Data

Trend

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Jan25

Jan26

Beneish M-Score

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-1.87

-1.80

-3.68

-4.12

-3.90

Inspiration Healthcare Group Semi-Annual Data
	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24	Jan25	Jul25	Jan26
Beneish M-Score	Get a 7-Day Free Trial															-3.68	0.00	-4.12	0.00	-3.90

LSE:IHC vs ABT, SYK, MDT: Beneish M-Score Comparison

For the Medical Devices subindustry, Inspiration Healthcare Group'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.

Inspiration Healthcare Group Beneish M-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Inspiration Healthcare Group's Beneish M-Score distribution charts can be found below:

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

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48GF Score

Inspiration Healthcare Group PLC LSE:IHC

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

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Inspiration Healthcare Group 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 Inspiration Healthcare Group 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 * 0.6415

0.528 * 0.9806

0.404 * 1.5268

0.892 * 1.243

0.115 * 1.1085

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 3.408

4.679 * -0.240255

0.327 * 0.9362

-3.90

This Year (Jan26) TTM:

Last Year (Jan25) TTM:

Total Receivables was £8.03 Mil.
Revenue was £47.55 Mil.
Gross Profit was £20.76 Mil.
Total Current Assets was £18.60 Mil.
Total Assets was £35.71 Mil.
Property, Plant and Equipment(Net PPE) was £10.04 Mil.
Depreciation, Depletion and Amortization(DDA) was £1.85 Mil.
Selling, General, & Admin. Expense(SGA) was £20.24 Mil.
Total Current Liabilities was £10.63 Mil.
Long-Term Debt & Capital Lease Obligation was £9.04 Mil.
Net Income was £-1.04 Mil.
Gross Profit was £0.00 Mil.
Cash Flow from Operations was £7.54 Mil.

Total Receivables was £10.07 Mil.
Revenue was £38.25 Mil.
Gross Profit was £16.38 Mil.
Total Current Assets was £25.15 Mil.
Total Assets was £41.08 Mil.
Property, Plant and Equipment(Net PPE) was £10.60 Mil.
Depreciation, Depletion and Amortization(DDA) was £2.21 Mil.
Selling, General, & Admin. Expense(SGA) was £4.78 Mil.
Total Current Liabilities was £11.83 Mil.
Long-Term Debt & Capital Lease Obligation was £12.35 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)
	=	(8.026 / 47.547)	/	(10.065 / 38.251)
	=	0.168801	/	0.26313
	=	0.6415

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)
	=	(16.378 / 38.251)	/	(20.761 / 47.547)
	=	0.428172	/	0.436642
	=	0.9806

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 - (18.595 + 10.039) / 35.712)	/	(1 - (25.152 + 10.598) / 41.083)
	=	0.198197	/	0.12981
	=	1.5268

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
	=	47.547	/	38.251
	=	1.243

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))
	=	(2.209 / (2.209 + 10.598))	/	(1.85 / (1.85 + 10.039))
	=	0.172484	/	0.155606
	=	1.1085

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)
	=	(20.241 / 47.547)	/	(4.778 / 38.251)
	=	0.425705	/	0.124912
	=	3.408

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)
	=	((9.044 + 10.633) / 35.712)	/	((12.346 + 11.832) / 41.083)
	=	0.550991	/	0.588516
	=	0.9362

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
	=	(-1.04 - 0	-	7.54)	/	35.712
	=	-0.240255

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.

Inspiration Healthcare Group has a M-score of -3.90 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 -3.90 mean?

Inspiration Healthcare Group (LSE:IHC) has a Beneish M-Score of -3.90 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Inspiration Healthcare Group and its competitors. According to the industry distribution chart, Inspiration Healthcare Group ranks #55 out of 766 companies in the Medical Devices & Instruments industry, placing it in the top 7.2%.

Is Inspiration Healthcare Group's Beneish M-Score too high?

Inspiration Healthcare Group's current Beneish M-Score is -3.90. Based on the distribution chart, Inspiration Healthcare Group ranks #55 out of 766 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Inspiration Healthcare Group has a GF Score™ of 48/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Inspiration Healthcare Group's Beneish M-Score compare to ABT and SYK?

According to the Medical Devices & Instruments industry distribution chart, Inspiration Healthcare Group ranks #55 out of 766 companies for Beneish M-Score. This places Inspiration Healthcare Group 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 Medical Devices & Instruments company?

A good Beneish M-Score depends on the Medical Devices & Instruments 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 Inspiration Healthcare Group and its competitors. Inspiration Healthcare Group's current Beneish M-Score is -3.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Inspiration Healthcare Group stock overvalued right now?

Based on GuruFocus' analysis, Inspiration Healthcare Group (LSE:IHC) is currently considered Fairly Valued. The stock's GF Value™ is £0.22, compared to a current price of £0.23 — trading 2.3% above its estimated fair value. The current Beneish M-Score is -3.90. Inspiration Healthcare Group's overall GF Score™ is 48/100 with 6 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 Inspiration Healthcare Group (LSE:IHC), the current Beneish M-Score is -3.90 as of Jun. 26, 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 Inspiration Healthcare Group (LSE:IHC) Overvalued in 2026?

Based on GuruFocus' analysis, Inspiration Healthcare Group stock appears to be overvalued. The current stock price of £0.23 is trading 2.3% above its estimated GF Value™ of £0.22. GuruFocus considers Inspiration Healthcare Group to be Fairly Valued.

Key valuation signals for LSE:IHC:

Beneish M-Score: -3.90
GF Value™: £0.22 vs. price of £0.23 (2.3% above fair value)
GF Score™: 48/100 with 6 warning signs

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

Inspiration Healthcare Group Business Description

Industry Healthcare Medical Devices & Instruments

Comparable Companies LSE:RUA LSE:SUN LSE:AOTI LSE:CREO LSE:EKF ABT SYK MDT BSX EW XTER:SHL DXCM GEHC SZSE:300760 XAMS:PHIA STE ZBH XSWX:SOON SHSE:688271 LSE:SN.

Address Unit 7/8 Commerce Park, Commerce Way, Croydon, GBR, CR0 4YL

Website https://www.inspirationhealthcaregroup.com

Inspiration Healthcare Group PLC supplies outcome-improving medical devices in the areas of neonatal intensive care and patient warming. It operates in the Critical Care Medical Devices segment which includes Critical Care, Operating Theatre, and Home Healthcare. The company derives the maximum of its revenue from the United Kingdom through the Critical Care market division.

48GF Score

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

£0.23

Price

£0.22

GF Value

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