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Beneish M-Score for Privia Health Group Inc

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PRVA: Privia Health Group Inc

Privia Health Group, Inc. operates as a national physician-enablement company in the United States. The company collaborates with physician practices, health plans, and health systems. It offers techn...

24.05 USD
Price
USD
Fair Value
Upside
15.92 - 26.04
52-week range

Analysis

Fiscal Years
Trailing Twelve Months
Fiscal Halfs
Fiscal Quarters
Daily
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The following section summarizes insights on Privia Health Group Inc's Beneish M-Score:

Dec 2016Dec 2018Dec 2020Dec 2022Dec 2024-4.00-3.00-2.00

Performance Summary
  • Privia Health's latest twelve months beneish m-score is -2.90
  • Privia Health's beneish m-score decreased in 2024 (-2.90, +24.0%) and increased in 2022 (-2.49, -39.5%) and 2023 (-2.34, -5.8%).

How does Privia Health Group's Beneish M-Score benchmark against competitors?

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We've identified the following companies as similar to Privia Health Group Inc because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.

Metric Usage: Beneish M-Score

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beneish_mscore
Slug
number
Datatype
text
Format
current
Default Period
FY, LTM
Periods Supported
Free
Plan

To view the full list of supported financial metrics please see Complete Metrics Listing.

Similar Metrics

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Metrics similar to Beneish M-Score in the risk category include:

  • Realized Volatility (60d Annualized) - Realized volatility (also known as rolling volatility) over the last 60 days.
  • Debt / Tangible Equity - A ratio that measures the level of the debt relative to the book value of tangible common equity.
  • Cash Flow to Current Liabilities - A ratio that measures the amount of operating cash flow a firm generates on each dollar of current liabilities.
  • FCF / OCF - A ratio that measures the amount of free cash flows (FCF) for each dollar of operating cash flows (OCF).
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Beneish M-Score

A statistical score that uses financial ratios to identify whether a company has manipulated its earnings

Definition of Beneish M-Score

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The Beneish M-Score statistical score that uses financial ratios to identify whether a company has manipulated its earnings. Privia Health’s Beneish M-Score of −2.90 implies the company is not a likely earnings manipulator.

The Beneish M-Score outlines eight financial ratios required to calculate the score:

1) Days Sales in Receivables Index (DSRI)

DSRI = (Net Receivablest / Salest) / (Net Receivablest-1 / Salest-1)

2) Gross Margin Index (GMI)

GMI = [(Salest-1 - COGSt-1) / Salest-1] / [(Salest - COGSt) / Salest]

3) Asset Quality Index (AQI)

AQI = [(Total Assets - Current Assetst - PP&Et) / Total Assetst] / [(Total Assets - Current Assetst-1 - PP&Et-1) / Total Assetst-1]

4) Sales Growth Index (SGI)

SGI = Salest / Salest-1

5) Depreciation Index (DEPI)

DEPI = (Depreciationt-1/ (PP&Et-1 + Depreciationt-1)) / (Depreciationt / (PP&Et + Depreciationt))

6) Sales General and Administrative Expenses Index (SGAI)

SGAI = (SG&A Expenset / Salest) / (SG&A Expenset-1 / Salest-1)

7) Leverage Index (LVGI)

LVGI = [(Current Liabilitiest + Total Long Term Debtt) / Total Assetst] / [(Current Liabilitiest-1 + Total Long Term Debtt-1) / Total Assetst-1]

8) Total Accruals to Total Assets (TATA)

TATA = (Income from Continuing Operationst - Cash Flows from Operationst) / Total Assetst

After computing the eight variables outlined above, they can be weighted together using the following multivariate model to calculate the score:

Beneish M-Score =
-4.84
(+) 0.92 × DSRI
(+) 0.528 × GMI
(+) 0.404 × AQI
(+) 0.892 × SGI
(+) 0.115 × DEPI
(+) -0.172 × SGAI
(+) 4.679 × TATA
(+) -0.327 × LVGI

Click the link below to download a spreadsheet with an example Beneish M-Score calculation for Privia Health Group Inc below:

Sector Benchmark Analysis

Sector
Industry Group
Industry
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-16.54-1.5413.4629.540200400600

The chart above depicts the distribution of beneish m-score for companies operating in the Healthcare sector in the Developed economic region. Over 1,550 companies were considered in this analysis, and 1,490 had meaningful values. The average beneish m-score of companies in the sector is -2.34 with a standard deviation of 4.00.

Privia Health Group Inc's Beneish M-Score of -2.90 ranks in the 37.3% percentile for the sector. The following table provides additional summary stats:

Beneish M-Score In The Healthcare Sector
Economic Risk RegionDeveloped
Total Constituents1,552
Included Constituents1,490
Min-16.36
Max28.87
Median-2.69
Mean-2.34
Standard Deviation4.00

You can find companies with similar beneish m-score using this stock screener.

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