RYHTY (Ryman Healthcare) Beneish M-Score: -3.49 (As of Jun. 24, 2026)


RYHTY Ryman Healthcare Ltd RYHTY
70 GF Score
Price $6.11
GF Value $17.68
! 2 Warning Signs
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What is Ryman Healthcare Beneish M-Score?

Ryman Healthcare RYHTY -12.82% 70 Beneish M-Score is -3.49 as of Jun. 24, 2026. GuruFocus rates RYHTY with a GF Score™ of 70/100 and a GF Value™ of $17.68. The stock has 2 warning signs investors should review. Among 632 Healthcare Providers & Services companies, Ryman Healthcare ranks better than 89.08% 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 -3.49 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

RYHTY' s Beneish M-Score Range Over the Past 10 Years
Min: -3.49   Med: -2.57   Max: -2.17
Current: -3.49

During the past 13 years, the highest Beneish M-Score of Ryman Healthcare was -2.17. The lowest was -3.49. And the median was -2.57.


Ryman Healthcare Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Ryman Healthcare'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.

Ryman Healthcare Beneish M-Score Chart

Ryman Healthcare Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.45 -2.58 -2.46 -2.73 -3.49

Ryman Healthcare Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
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 -2.46 0.00 -2.73 0.00 -3.49

RYHTY vs HCA, THC, DVA: Beneish M-Score Comparison

For the Medical Care Facilities subindustry, Ryman Healthcare'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.


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

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

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


RYHTY
70GF Score
Ryman Healthcare Ltd RYHTY
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Ryman Healthcare 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 Ryman Healthcare 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 * 0.1856+0.528 * 1+0.404 * 1.1366+0.892 * 1.0331+0.115 * 0.4874
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0694+4.679 * -0.073668-0.327 * 0.9529
=-3.54

* 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 (Mar25) TTM:Last Year (Mar24) TTM:
Total Receivables was $81.0 Mil.
Revenue was $408.8 Mil.
Gross Profit was $408.8 Mil.
Total Current Assets was $123.7 Mil.
Total Assets was $6,909.1 Mil.
Property, Plant and Equipment(Net PPE) was $584.0 Mil.
Depreciation, Depletion and Amortization(DDA) was $27.8 Mil.
Selling, General, & Admin. Expense(SGA) was $311.8 Mil.
Total Current Liabilities was $509.6 Mil.
Long-Term Debt & Capital Lease Obligation was $970.9 Mil.
Net Income was $-250.2 Mil.
Gross Profit was $23.8 Mil.
Cash Flow from Operations was $235.0 Mil.
Total Receivables was $422.5 Mil.
Revenue was $395.7 Mil.
Gross Profit was $395.7 Mil.
Total Current Assets was $495.3 Mil.
Total Assets was $7,958.7 Mil.
Property, Plant and Equipment(Net PPE) was $1,178.2 Mil.
Depreciation, Depletion and Amortization(DDA) was $26.6 Mil.
Selling, General, & Admin. Expense(SGA) was $282.2 Mil.
Total Current Liabilities was $227.2 Mil.
Long-Term Debt & Capital Lease Obligation was $1,562.7 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)
=(80.993 / 408.818) / (422.486 / 395.702)
=0.198115 / 1.067687
=0.1856

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)
=(395.702 / 395.702) / (408.818 / 408.818)
=1 / 1
=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 - (123.725 + 583.96) / 6909.142) / (1 - (495.302 + 1178.205) / 7958.687)
=0.897573 / 0.789726
=1.1366

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
=408.818 / 395.702
=1.0331

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))
=(26.644 / (26.644 + 1178.205)) / (27.755 / (27.755 + 583.96))
=0.022114 / 0.045372
=0.4874

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)
=(311.771 / 408.818) / (282.184 / 395.702)
=0.762616 / 0.713123
=1.0694

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)
=((970.942 + 509.632) / 6909.142) / ((1562.691 + 227.162) / 7958.687)
=0.214292 / 0.224893
=0.9529

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
=(-250.19 - 23.825 - 234.966) / 6909.142
=-0.073668

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.

Ryman Healthcare has a M-score of -3.54 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 -3.49 mean?
Ryman Healthcare (RYHTY) has a Beneish M-Score of -3.49 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ryman Healthcare and its competitors. According to the industry distribution chart, Ryman Healthcare ranks #69 out of 632 companies in the Healthcare Providers & Services industry, placing it in the top 10.9%.
Is Ryman Healthcare's Beneish M-Score too high?
Ryman Healthcare's current Beneish M-Score is -3.49. Based on the distribution chart, Ryman Healthcare ranks #69 out of 632 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Ryman Healthcare has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Ryman Healthcare's Beneish M-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Ryman Healthcare ranks #69 out of 632 companies for Beneish M-Score. This places Ryman Healthcare in the top 11% 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 Ryman Healthcare and its competitors. Ryman Healthcare's current Beneish M-Score is -3.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ryman Healthcare stock overvalued right now?
Ryman Healthcare (RYHTY) has a current Beneish M-Score of -3.49. The stock's GF Value™ is $17.68, compared to a current price of $6.11 — trading 65.4% below its estimated fair value. The current Beneish M-Score is -3.49. Ryman Healthcare's overall GF Score™ is 70/100 with 2 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 Ryman Healthcare (RYHTY), the current Beneish M-Score is -3.49 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.

Is Ryman Healthcare (RYHTY) Overvalued in 2026?

Based on GuruFocus' analysis, Ryman Healthcare stock appears to be undervalued. The current stock price of $6.11 is trading 65.4% below its estimated GF Value™ of $17.68.

Key valuation signals for RYHTY:

  • Beneish M-Score: -3.49
  • GF Value™: $17.68 vs. price of $6.11 (65.4% below fair value)
  • GF Score™: 70/100 with 2 warning signs

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


Ryman Healthcare Business Description

Address 92 Russley Road, P.O. Box 771, Christchurch, CT, NZL, 8042
Ryman Healthcare Ltd is a retirement living and aged care provider operating in New Zealand and Australia. It owns and operates integrated retirement villages through its trading subsidiaries, which operate in the aged care and retirement living sector in New Zealand and Australia. The Group operates in a single industry: the provision of integrated retirement living and aged care for older people in New Zealand and Australia. The majority of revenue is derived from Care and village fees, which relate to the provision of accommodation, care and related services to aged care residents and retirement living residents.
70GF Score

Get the complete analysis for RYHTY

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

$6.11
Price
$17.68
GF Value