Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
VentasVTR +1.19%78 Beneish M-Score is -2.09 as of Aug. 08, 2026. GuruFocus rates VTR with a GF Score™ of 78/100 and a GF Value™ of $73.20 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 749 REITs companies, Ventas ranks worse than 76.5% 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 -2.09 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Ventas's Beneish M-Score or its related term are showing as below:
VTR'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.27 Med: -2.67 Max: -2.01
Current: -2.09
During the past 13 years, the highest Beneish M-Score of Ventas was -2.01. The lowest was -3.27. And the median was -2.67.
The historical data trend for Ventas'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.
For the REIT - Healthcare Facilities subindustry, Ventas'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.
Ventas Beneish M-Score vs REITs Industry
For the REITs industry and Real Estate sector, Ventas's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Ventas'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 Ventas 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 * 1.387
+
0.528 * 1.0484
+
0.404 * 1.0114
+
0.892 * 1.2149
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9119
+
4.679 * -0.050389
-
0.327 * 0.885
=
-2.09
* 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))
=
(1311.634 / (1311.634 + 0))
/
(1535.529 / (1535.529 + 0))
=
1
/
1
=
1
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
=
(262.731 - -44.349
-
1801.4)
/
29655.896
=
-0.050389
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.
Ventas has a M-score of -2.09 suggests that the company is unlikely to be a manipulator.
Ventas (VTR) has a Beneish M-Score of -2.09 as of Aug. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ventas and its competitors. According to the industry distribution chart, Ventas ranks #573 out of 749 companies in the REITs industry, placing it in the top 76.5%.
Is Ventas' Beneish M-Score too high?
Ventas' current Beneish M-Score is -2.09. Based on the distribution chart, Ventas ranks #573 out of 749 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Ventas has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ventas' Beneish M-Score compare to OHI and DOC?
According to the REITs industry distribution chart, Ventas ranks #573 out of 749 companies for Beneish M-Score. This places Ventas 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 REITs company?
A good Beneish M-Score depends on the REITs 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 Ventas and its competitors. Ventas's current Beneish M-Score is -2.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ventas stock overvalued right now?
Based on GuruFocus' analysis, Ventas (VTR) is currently considered Modestly Overvalued. The stock's GF Value™ is $73.20, compared to a current price of $93.36 — trading 27.5% above its estimated fair value. The current Beneish M-Score is -2.09. Ventas' overall GF Score™ is 78/100 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 Ventas (VTR), the current Beneish M-Score is -2.09 as of Aug. 08, 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 Ventas (VTR) Overvalued in 2026?
Based on GuruFocus' analysis, Ventas stock appears to be overvalued.
The current stock price of $93.36 is trading 27.5% above its estimated GF Value™ of $73.20.
GuruFocus considers Ventas to be Modestly Overvalued.
Key valuation signals for VTR:
Beneish M-Score: -2.09
GF Value™: $73.20 vs. price of $93.36 (27.5% above fair value)
No single metric tells the full story. See the VTR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ventas owns a diversified healthcare portfolio of almost 1,400 in-place properties spread across the senior housing, medical office, hospital, life science, and skilled nursing/post-acute care. The portfolio includes almost 100 properties in Canada and the United Kingdom as the company looks for additional investment opportunities in countries with mature healthcare systems that operate similarly to the United States. The firm also owns mortgages and other loans, contributing about 1% of net operating income.
78GF Score
Get the complete analysis for VTR
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
VTR has been successfully added to your 
