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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 -2.34 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Molina Healthcare's Beneish M-Score or its related term are showing as below:
STU:MHG'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.15 Med: -2.37 Max: -1.38
Current: -2.34
During the past 13 years, the highest Beneish M-Score of Molina Healthcare was -1.38. The lowest was -3.15. And the median was -2.37.
Molina Healthcare Beneish M-Score Related Terms
Molina Healthcare Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Molina 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.
STU:MHG vs OSCR, ALHC, CLOV: Beneish M-Score Comparison
For the Healthcare Plans subindustry, Molina 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.
Molina Healthcare Beneish M-Score vs Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, Molina Healthcare's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Molina Healthcare's Beneish M-Score falls into.
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 Molina 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 * 0.9183
+
0.528 * 1.3504
+
0.404 * 0.9726
+
0.892 * 0.9976
+
0.115 * 1.0431
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9979
+
4.679 * -0.004852
-
0.327 * 1.0176
=
-2.41
* 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.
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.
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))
=
(175.321 / (175.321 + 265.475))
/
(159.937 / (159.937 + 259.5))
=
0.397737
/
0.381314
=
1.0431
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
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
=
(163.863 - -80.445
-
313.104)
/
14178.215
=
-0.004852
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.
Molina Healthcare has a M-score of -2.41 suggests that the company is unlikely to be a manipulator.
Molina Healthcare (STU:MHG) has a Beneish M-Score of -2.34 as of Jul. 17, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Molina Healthcare and its competitors. According to the industry distribution chart, Molina Healthcare ranks #15 out of 18 companies in the Healthcare Plans industry, placing it in the top 83.3%.
Is Molina Healthcare's Beneish M-Score too high?
Molina Healthcare's current Beneish M-Score is -2.34. Based on the distribution chart, Molina Healthcare ranks #15 out of 18 companies in the Healthcare Plans industry, which is in the bottom quartile relative to peers. Overall, Molina Healthcare has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Molina Healthcare's Beneish M-Score compare to OSCR and ALHC?
According to the Healthcare Plans industry distribution chart, Molina Healthcare ranks #15 out of 18 companies for Beneish M-Score. This places Molina Healthcare 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 Plans company?
A good Beneish M-Score depends on the Healthcare Plans 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 Molina Healthcare and its competitors. Molina Healthcare's current Beneish M-Score is -2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Molina Healthcare stock overvalued right now?
Based on GuruFocus' analysis, Molina Healthcare (STU:MHG) is currently considered Significantly Undervalued. The stock's GF Value™ is €355.45, compared to a current price of €197.10 — trading 44.5% below its estimated fair value. The current Beneish M-Score is -2.34. Molina Healthcare's overall GF Score™ is 84/100 with 9 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 Molina Healthcare (STU:MHG), the current Beneish M-Score is -2.34 as of Jul. 17, 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 Molina Healthcare (STU:MHG) Overvalued in 2026?
Based on GuruFocus' analysis, Molina Healthcare stock appears to be undervalued.
The current stock price of €197.10 is trading 44.5% below its estimated GF Value™ of €355.45.
GuruFocus considers Molina Healthcare to be Significantly Undervalued.
Key valuation signals for STU:MHG:
Beneish M-Score: -2.34
GF Value™: €355.45 vs. price of €197.10 (44.5% below fair value)
No single metric tells the full story. See the STU:MHG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Molina Healthcare Inc provides medical insurance plans through Medicaid, the individual exchanges, and Medicare. The company operates in four reportable segments consisting of: 1) Medicaid; 2) Medicare; 3) Marketplace; and 4) Other. It manages health benefit risks for more than 5 million people, with more than 85% of those members coming through contracts with state governments for their Medicaid programs. Medicaid contracts in four states-California, New York, Texas, and Washington-account for over half of its enrollees.
84GF Score
Get the complete analysis for STU:MHG
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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