Ramsay Generale dente (XPAR:GDS) Beneish M-Score: -3.17 (As of Jun. 26, 2026)


XPAR:GDS Ramsay Generale de Sante SA XPAR:GDS
71 GF Score
Price €11.45
GF Value €21.72
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Ramsay Generale dente Beneish M-Score?

Ramsay Generale dente XPAR:GDS +1.78% 71 Beneish M-Score is -3.17 as of Jun. 26, 2026. GuruFocus rates XPAR:GDS with a GF Score™ of 71/100 and a GF Value™ of €21.72 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 633 Healthcare Providers & Services companies, Ramsay Generale dente ranks better than 83.25% 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 -3.17 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XPAR:GDS' s Beneish M-Score Range Over the Past 10 Years
Min: -3.25   Med: -2.77   Max: -1.6
Current: -3.17

During the past 13 years, the highest Beneish M-Score of Ramsay Generale dente was -1.60. The lowest was -3.25. And the median was -2.77.


Ramsay Generale dente Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Ramsay Generale dente'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.

Ramsay Generale dente Beneish M-Score Chart

Ramsay Generale dente Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.84 -2.26 -2.62 -2.69 -3.17

Ramsay Generale dente Quarterly Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Mar25 Jun25 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 0.00 0.00 -3.17 0.00 0.00

XPAR:GDS vs HCA, THC, DVA: Beneish M-Score Comparison

For the Medical Care Facilities subindustry, Ramsay Generale dente'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.


Ramsay Generale dente Beneish M-Score vs Healthcare Providers & Services Industry

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

* The bar in red indicates where Ramsay Generale dente's Beneish M-Score falls into.


XPAR:GDS
71GF Score
Ramsay Generale de Sante SA XPAR:GDS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ramsay Generale dente 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 Ramsay Generale dente 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 * 0.7331+0.528 * 1.0108+0.404 * 1.0454+0.892 * 1.047+0.115 * 0.9894
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.109343-0.327 * 1.0039
=-3.17

* 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 (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was €528 Mil.
Revenue was €5,242 Mil.
Gross Profit was €4,084 Mil.
Total Current Assets was €1,304 Mil.
Total Assets was €6,839 Mil.
Property, Plant and Equipment(Net PPE) was €2,913 Mil.
Depreciation, Depletion and Amortization(DDA) was €434 Mil.
Selling, General, & Admin. Expense(SGA) was €0 Mil.
Total Current Liabilities was €1,617 Mil.
Long-Term Debt & Capital Lease Obligation was €3,749 Mil.
Net Income was €-54 Mil.
Gross Profit was €0 Mil.
Cash Flow from Operations was €694 Mil.
Total Receivables was €687 Mil.
Revenue was €5,007 Mil.
Gross Profit was €3,943 Mil.
Total Current Assets was €1,467 Mil.
Total Assets was €6,895 Mil.
Property, Plant and Equipment(Net PPE) was €2,900 Mil.
Depreciation, Depletion and Amortization(DDA) was €427 Mil.
Selling, General, & Admin. Expense(SGA) was €0 Mil.
Total Current Liabilities was €1,686 Mil.
Long-Term Debt & Capital Lease Obligation was €3,703 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)
=(527.5 / 5242) / (687.2 / 5006.5)
=0.10063 / 0.137262
=0.7331

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)
=(3942.6 / 5006.5) / (4083.9 / 5242)
=0.787496 / 0.779073
=1.0108

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 - (1303.6 + 2913.34) / 6839) / (1 - (1466.6 + 2899.7) / 6895.2)
=0.383398 / 0.366762
=1.0454

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
=5242 / 5006.5
=1.047

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))
=(426.7 / (426.7 + 2899.7)) / (434 / (434 + 2913.34))
=0.128277 / 0.129655
=0.9894

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)
=(0 / 5242) / (0 / 5006.5)
=0 / 0
=1

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)
=((3748.6 + 1617.4) / 6839) / ((3703.2 + 1686) / 6895.2)
=0.784618 / 0.781587
=1.0039

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
=(-54.1 - 0 - 693.7) / 6839
=-0.109343

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.

Ramsay Generale dente has a M-score of -3.17 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 -3.17 mean?
Ramsay Generale dente (XPAR:GDS) has a Beneish M-Score of -3.17 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ramsay Generale dente and its competitors. According to the industry distribution chart, Ramsay Generale dente ranks #106 out of 633 companies in the Healthcare Providers & Services industry, placing it in the top 16.7%.
Is Ramsay Generale dente's Beneish M-Score too high?
Ramsay Generale dente's current Beneish M-Score is -3.17. Based on the distribution chart, Ramsay Generale dente ranks #106 out of 633 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Ramsay Generale dente has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ramsay Generale dente's Beneish M-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Ramsay Generale dente ranks #106 out of 633 companies for Beneish M-Score. This places Ramsay Generale dente in the top 17% 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 Ramsay Generale dente and its competitors. Ramsay Generale dente's current Beneish M-Score is -3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ramsay Generale dente stock overvalued right now?
Based on GuruFocus' analysis, Ramsay Generale dente (XPAR:GDS) is currently considered Possible Value Trap. The stock's GF Value™ is €21.72, compared to a current price of €11.45 — trading 47.3% below its estimated fair value. The current Beneish M-Score is -3.17. Ramsay Generale dente's overall GF Score™ is 71/100 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 Ramsay Generale dente (XPAR:GDS), the current Beneish M-Score is -3.17 as of Jun. 26, 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 Ramsay Generale dente (XPAR:GDS) Overvalued in 2026?

Based on GuruFocus' analysis, Ramsay Generale dente stock appears to be undervalued. The current stock price of €11.45 is trading 47.3% below its estimated GF Value™ of €21.72. GuruFocus considers Ramsay Generale dente to be Possible Value Trap.

Key valuation signals for XPAR:GDS:

  • Beneish M-Score: -3.17
  • GF Value™: €21.72 vs. price of €11.45 (47.3% below fair value)
  • GF Score™: 71/100 with 8 warning signs

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


Ramsay Generale dente Business Description

Other Exchanges 0OD6:UKGD6:Germany
Address 39 Rue Mstislav, Rostropovitch, Paris, FRA, 75017
Ramsay Generale de Sante SA operates in the private healthcare sector in France. The company provides a comprehensive range of patient care services in thirteen business segments: Nouvelle Aquitaine, Bourgogne-Franche Comte, Brittany, Centre-Val de Loire, Hauts de France, Normandy, Provence Alpes Cote d'Azur, Ile de France, Auvergne-Rhone Alpes, Occitanie, Italy, Nordics, and Head Office. It generates maximum revenue from the Ile de France segment. The company also specializes in cardiology, heart surgery, digestive surgery, dermatology, urology, ophthalmology, vascular and endovascular surgery.
71GF Score

Get the complete analysis for XPAR:GDS

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

€11.45
Price
€21.72
GF Value