Unfortunately it doesn't look very good to me. It might just be the photo, but it looks like the centers of the tentacles have pulled out of the outside skin, kind of like a finger out of a glove.
That seems to be one of the major problems with magnificas. The two layers of tissue separate (possibly from salinity changes during collection/warehouse/pet store/home tank transfers). If I'm correct, you'll see balls of white string looking stuff inside of the body of the anemone and sometimes in the tentacles where just a bit is left attached.
I always thought this was fatal to the anemone, but I currently have two clones in my tank that have this problem and they have been essentially unchanged for over 6 months. They are still eating, still hold their color, still sting like a @#$%@ and are sticky, but they do not bring their tentacles to their mouths when fed and must have their food placed directly onto their mouths. tissue.
At times I think I am starting to see the inner tissue growing back, but I think it might be wishful thinking. This is different from bleaching which I have seen magnificas recover from.
When I looked at wild anemones in Fiji I couldn't find this problem on any of them, so it isn't the natural way they look.
I hope I'm wrong and it is just the picture.