AMN Healthcare Services (MEX:AMN) Beneish M-Score: -3.81 (As of Jul. 01, 2026)


MEX:AMN AMN Healthcare Services Inc MEX:AMN
68 GF Score
Price MXN556.00
GF Value MXN524.05
! 8 Warning Signs
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What is AMN Healthcare Services Beneish M-Score?

AMN Healthcare Services MEX:AMN 68 Beneish M-Score is -3.81 as of Jul. 01, 2026. GuruFocus rates MEX:AMN with a GF Score™ of 68/100 and a GF Value™ of MXN524.05. The stock has 8 warning signs investors should review. Among 630 Healthcare Providers & Services companies, AMN Healthcare Services ranks better than 91.9% 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 -3.81 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:AMN' s Beneish M-Score Range Over the Past 10 Years
Min: -3.81   Med: -2.71   Max: -1.6
Current: -3.81

During the past 13 years, the highest Beneish M-Score of AMN Healthcare Services was -1.60. The lowest was -3.81. And the median was -2.71.


AMN Healthcare Services Beneish M-Score Historical Data

* Premium members only.

The historical data trend for AMN Healthcare Services'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.

AMN Healthcare Services Beneish M-Score Chart

AMN Healthcare Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.60 -2.79 -2.92 -3.64 -3.20

AMN Healthcare Services 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 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 -3.68 -3.73 -3.61 -3.20 -3.81

MEX:AMN vs PNTG, ARDT, NUTX: Beneish M-Score Comparison

For the Medical Care Facilities subindustry, AMN Healthcare Services'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.


AMN Healthcare Services Beneish M-Score vs Healthcare Providers & Services Industry

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

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


MEX:AMN
68GF Score
AMN Healthcare Services Inc MEX:AMN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AMN Healthcare Services 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 AMN Healthcare Services 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 * 0.7163+0.528 * 1.089+0.404 * 0.7765+0.892 * 1.103+0.115 * 0.8694
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9154+4.679 * -0.263572-0.327 * 1.0352
=-3.94

* 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 MXN7,974 Mil.
Revenue was 24855.57 + 13472.315 + 11639.322 + 12392.909 = MXN62,360 Mil.
Gross Profit was 6651.109 + 3513.398 + 3382.891 + 3698.036 = MXN17,245 Mil.
Total Current Assets was MXN20,495 Mil.
Total Assets was MXN46,964 Mil.
Property, Plant and Equipment(Net PPE) was MXN2,736 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN2,791 Mil.
Selling, General, & Admin. Expense(SGA) was MXN12,131 Mil.
Total Current Liabilities was MXN18,830 Mil.
Long-Term Debt & Capital Lease Obligation was MXN13,905 Mil.
Net Income was 1121.021 + -138.572 + 537.265 + -2187.991 = MXN-668 Mil.
Non Operating Income was 0 + -0.756 + 718.726 + -2405.939 = MXN-1,688 Mil.
Cash Flow from Operations was 10142.528 + 1360.727 + 415.79 + 1478.996 = MXN13,398 Mil.
Total Receivables was MXN10,092 Mil.
Revenue was 14106.604 + 15322.87 + 13537.258 + 13569.426 = MXN56,536 Mil.
Gross Profit was 4053.179 + 4567.148 + 4195.117 + 4210.454 = MXN17,026 Mil.
Total Current Assets was MXN12,835 Mil.
Total Assets was MXN49,000 Mil.
Property, Plant and Equipment(Net PPE) was MXN4,277 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN3,348 Mil.
Selling, General, & Admin. Expense(SGA) was MXN12,015 Mil.
Total Current Liabilities was MXN11,912 Mil.
Long-Term Debt & Capital Lease Obligation was MXN21,082 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)
=(7973.501 / 62360.116) / (10091.846 / 56536.158)
=0.127862 / 0.178503
=0.7163

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)
=(17025.898 / 56536.158) / (17245.434 / 62360.116)
=0.301151 / 0.276546
=1.089

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 - (20494.524 + 2735.885) / 46963.877) / (1 - (12834.595 + 4276.869) / 48999.905)
=0.505356 / 0.650786
=0.7765

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
=62360.116 / 56536.158
=1.103

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))
=(3347.643 / (3347.643 + 4276.869)) / (2791.345 / (2791.345 + 2735.885))
=0.439063 / 0.505017
=0.8694

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)
=(12130.783 / 62360.116) / (12014.505 / 56536.158)
=0.194528 / 0.21251
=0.9154

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)
=((13905.34 + 18829.565) / 46963.877) / ((21082.073 + 11911.767) / 48999.905)
=0.697023 / 0.673345
=1.0352

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
=(-668.277 - -1687.969 - 13398.041) / 46963.877
=-0.263572

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.

AMN Healthcare Services has a M-score of -3.94 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 -3.81 mean?
AMN Healthcare Services (MEX:AMN) has a Beneish M-Score of -3.81 as of Jul. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on AMN Healthcare Services and its competitors. According to the industry distribution chart, AMN Healthcare Services ranks #51 out of 630 companies in the Healthcare Providers & Services industry, placing it in the top 8.1%.
Is AMN Healthcare Services' Beneish M-Score too high?
AMN Healthcare Services' current Beneish M-Score is -3.81. Based on the distribution chart, AMN Healthcare Services ranks #51 out of 630 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, AMN Healthcare Services has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does AMN Healthcare Services' Beneish M-Score compare to PNTG and ARDT?
According to the Healthcare Providers & Services industry distribution chart, AMN Healthcare Services ranks #51 out of 630 companies for Beneish M-Score. This places AMN Healthcare Services in the top 8% 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 AMN Healthcare Services and its competitors. AMN Healthcare Services's current Beneish M-Score is -3.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AMN Healthcare Services stock overvalued right now?
AMN Healthcare Services (MEX:AMN) has a current Beneish M-Score of -3.81. The stock's GF Value™ is MXN524.05, compared to a current price of MXN556.00 — trading 6.1% above its estimated fair value. The current Beneish M-Score is -3.81. AMN Healthcare Services' overall GF Score™ is 68/100 with 8 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 AMN Healthcare Services (MEX:AMN), the current Beneish M-Score is -3.81 as of Jul. 01, 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 AMN Healthcare Services (MEX:AMN) Overvalued in 2026?

Based on GuruFocus' analysis, AMN Healthcare Services stock appears to be overvalued. The current stock price of MXN556.00 is trading 6.1% above its estimated GF Value™ of MXN524.05.

Key valuation signals for MEX:AMN:

  • Beneish M-Score: -3.81
  • GF Value™: MXN524.05 vs. price of MXN556.00 (6.1% above fair value)
  • GF Score™: 68/100 with 8 warning signs

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


AMN Healthcare Services Business Description

Other Exchanges AMN:USAHCQ:Germany
Address 2999 Olympus Boulevard, Suite 500, Dallas, TX, USA, 75019
AMN Healthcare Services Inc provides healthcare workforce solutions and staffing services in the United States. Its comprehensive suite of talent solutions provides management, staffing, recruitment, language services, technology, predictive and market analytics, and related services to build and manage all or parts of the clients' healthcare workforce needs. Its reportable segments are: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. A majority of its revenue is generated from the Nurse and Allied Solutions segment, which includes the company's travel nurse staffing, labor disruption staffing, local staffing, international nurse permanent placement, and allied staffing (including revenue cycle solutions) businesses.
68GF Score

Get the complete analysis for MEX:AMN

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

MXN556.00
Price
MXN524.05
GF Value