PACS (PACS Group) Beneish M-Score: -2.74 (As of Jun. 24, 2026)


PACS PACS Group Inc PACS
19 GF Score
Price $38.85
! 4 Warning Signs
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What is PACS Group Beneish M-Score?

PACS Group PACS +3.96% 19 Beneish M-Score is -2.74 as of Jun. 24, 2026. GuruFocus rates PACS with a GF Score™ of 19/100. The stock has 4 warning signs investors should review. Among 632 Healthcare Providers & Services companies, PACS Group ranks better than 62.82% 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 -2.74 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

PACS' s Beneish M-Score Range Over the Past 10 Years
Min: -2.74   Med: -2.68   Max: -2.49
Current: -2.74

During the past 5 years, the highest Beneish M-Score of PACS Group was -2.49. The lowest was -2.74. And the median was -2.68.

PACS Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for PACS 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.

PACS Group Beneish M-Score Chart

PACS Group Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 -2.49 -2.70

PACS Group 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 -2.66 -2.66 -2.70 -2.70 -2.74

PACS vs CHE, OPCH, CON: Beneish M-Score Comparison

For the Medical Care Facilities subindustry, PACS 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.

PACS Group Beneish M-Score vs Healthcare Providers & Services Industry

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

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


PACS
19GF Score
PACS Group Inc PACS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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PACS 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 PACS Group 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 * 0.8093+0.528 * 0.7669+0.404 * 1.0858+0.892 * 1.2215+0.115 * 0.7722
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.887+4.679 * -0.043859-0.327 * 0.9405
=-2.74

* 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 $733 Mil.
Revenue was 1420.494 + 1357.979 + 1344.567 + 1309.236 = $5,432 Mil.
Gross Profit was 250.427 + 223.557 + 203.198 + 194.009 = $871 Mil.
Total Current Assets was $1,068 Mil.
Total Assets was $5,664 Mil.
Property, Plant and Equipment(Net PPE) was $4,216 Mil.
Depreciation, Depletion and Amortization(DDA) was $61 Mil.
Selling, General, & Admin. Expense(SGA) was $429 Mil.
Total Current Liabilities was $1,074 Mil.
Long-Term Debt & Capital Lease Obligation was $3,173 Mil.
Net Income was 80.695 + 59.702 + 52.406 + 50.963 = $244 Mil.
Non Operating Income was 0.125 + 0.701 + -1.444 + 2.467 = $2 Mil.
Cash Flow from Operations was 236.335 + -3.39 + 204.796 + 52.574 = $490 Mil.
 Total Receivables was $742 Mil.
Revenue was 1277.15 + 1207.888 + 1026.305 + 935.705 = $4,447 Mil.
Gross Profit was 159.564 + 174.536 + 104.074 + 108.749 = $547 Mil.
Total Current Assets was $1,081 Mil.
Total Assets was $5,494 Mil.
Property, Plant and Equipment(Net PPE) was $4,074 Mil.
Depreciation, Depletion and Amortization(DDA) was $45 Mil.
Selling, General, & Admin. Expense(SGA) was $396 Mil.
Total Current Liabilities was $1,107 Mil.
Long-Term Debt & Capital Lease Obligation was $3,273 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)
=(733.22 / 5432.276) / (741.701 / 4447.048)
=0.134975 / 0.166785
=0.8093

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)
=(546.923 / 4447.048) / (871.191 / 5432.276)
=0.122986 / 0.160373
=0.7669

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 - (1068.105 + 4216.071) / 5663.518) / (1 - (1081.404 + 4074.048) / 5494.4)
=0.06698 / 0.06169
=1.0858

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
=5432.276 / 4447.048
=1.2215

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))
=(45.398 / (45.398 + 4074.048)) / (61.035 / (61.035 + 4216.071))
=0.01102 / 0.01427
=0.7722

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)
=(428.666 / 5432.276) / (395.621 / 4447.048)
=0.078911 / 0.088963
=0.887

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)
=((3173.097 + 1073.523) / 5663.518) / ((3273.229 + 1107.413) / 5494.4)
=0.74982 / 0.797292
=0.9405

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
=(243.766 - 1.849 - 490.315) / 5663.518
=-0.043859

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.

PACS Group has a M-score of -2.74 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 -2.74 mean?
PACS Group (PACS) has a Beneish M-Score of -2.74 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PACS Group and its competitors. According to the industry distribution chart, PACS Group ranks #235 out of 632 companies in the Healthcare Providers & Services industry, placing it in the top 37.2%.
Is PACS Group's Beneish M-Score too high?
PACS Group's current Beneish M-Score is -2.74. Based on the distribution chart, PACS Group ranks #235 out of 632 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, PACS Group has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does PACS Group's Beneish M-Score compare to CHE and OPCH?
According to the Healthcare Providers & Services industry distribution chart, PACS Group ranks #235 out of 632 companies for Beneish M-Score. This puts PACS Group in the upper 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 PACS Group and its competitors. PACS Group's current Beneish M-Score is -2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PACS Group stock overvalued right now?
PACS Group (PACS) has a current Beneish M-Score of -2.74. The current Beneish M-Score is -2.74. PACS Group's overall GF Score™ is 19/100 with 4 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 PACS Group (PACS), the current Beneish M-Score is -2.74 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.

PACS Group Business Description

Address 90 S. 400 W, Suite 700, Salt Lake City, UT, USA, 84101
PACS Group Inc is a post-acute healthcare company mainly focused on delivering skilled nursing care through a portfolio of independently operated facilities. The post-acute care ecosystem serves individuals who need additional help recuperating from acute conditions, illnesses, or serious medical procedures after getting discharged from the hospital. It also provides senior care, assisted living, and independent living options in some of the communities. The company has one reportable segment.
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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