Al Ain Ahlia Insurance Co PSC (ADX:ALAIN) Beneish M-Score: 0.00 (As of Jun. 25, 2026)


ADX:ALAIN Al Ain Ahlia Insurance Co PSC ADX:ALAIN
67 GF Score
Price د.إ31.50
GF Value د.إ61.74
! 5 Warning Signs
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What is Al Ain Ahlia Insurance Co PSC Beneish M-Score?

Al Ain Ahlia Insurance Co PSC ADX:ALAIN 67 Beneish M-Score is 0.00 as of Jun. 25, 2026. GuruFocus rates ADX:ALAIN with a GF Score™ of 67/100 and a GF Value™ of د.إ61.74. The stock has 5 warning signs investors should review. Among 399 Insurance companies, Al Ain Ahlia Insurance Co PSC ranks worse than 250626.32% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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.

The historical rank and industry rank for Al Ain Ahlia Insurance Co PSC's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Al Ain Ahlia Insurance Co PSC was 0.00. The lowest was 0.00. And the median was 0.00.

ADX:ALAIN
67GF Score
Al Ain Ahlia Insurance Co PSC ADX:ALAIN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Al Ain Ahlia Insurance Co PSC 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 Al Ain Ahlia Insurance Co PSC 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was د.إ61.8 Mil.
Revenue was د.إ694.2 Mil.
Gross Profit was د.إ694.2 Mil.
Total Current Assets was د.إ0.0 Mil.
Total Assets was د.إ2,945.9 Mil.
Property, Plant and Equipment(Net PPE) was د.إ766.5 Mil.
Depreciation, Depletion and Amortization(DDA) was د.إ16.7 Mil.
Selling, General, & Admin. Expense(SGA) was د.إ27.2 Mil.
Total Current Liabilities was د.إ0.0 Mil.
Long-Term Debt & Capital Lease Obligation was د.إ0.0 Mil.
Net Income was د.إ27.8 Mil.
Gross Profit was د.إ6.0 Mil.
Cash Flow from Operations was د.إ-87.6 Mil.
 Total Receivables was د.إ46.5 Mil.
Revenue was د.إ683.3 Mil.
Gross Profit was د.إ683.3 Mil.
Total Current Assets was د.إ0.0 Mil.
Total Assets was د.إ3,153.7 Mil.
Property, Plant and Equipment(Net PPE) was د.إ780.0 Mil.
Depreciation, Depletion and Amortization(DDA) was د.إ16.4 Mil.
Selling, General, & Admin. Expense(SGA) was د.إ25.9 Mil.
Total Current Liabilities was د.إ0.0 Mil.
Long-Term Debt & Capital Lease Obligation was د.إ0.0 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)
=(61.823 / 694.197) / (46.518 / 683.315)
=0.089057 / 0.068077
=

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)
=(683.315 / 683.315) / (694.197 / 694.197)
=1 / 1
=

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 - (0 + 766.481) / 2945.898) / (1 - (0 + 780.036) / 3153.709)
=0.739814 / 0.752661
=

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
=694.197 / 683.315
=

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))
=(16.406 / (16.406 + 780.036)) / (16.728 / (16.728 + 766.481))
=0.020599 / 0.021358
=

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)
=(27.166 / 694.197) / (25.919 / 683.315)
=0.039133 / 0.037931
=

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)
=((0 + 0) / 2945.898) / ((0 + 0) / 3153.709)
=0 / 0
=

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
=(27.777 - 5.99 - -87.578) / 2945.898
=0.037125

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Al Ain Ahlia Insurance Co PSC (ADX:ALAIN) has a Beneish M-Score of 0.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Al Ain Ahlia Insurance Co PSC and its competitors. According to the industry distribution chart, Al Ain Ahlia Insurance Co PSC ranks #999999 out of 399 companies in the Insurance industry.
Is Al Ain Ahlia Insurance Co PSC's Beneish M-Score too high?
Al Ain Ahlia Insurance Co PSC's current Beneish M-Score is 0.00. Based on the distribution chart, Al Ain Ahlia Insurance Co PSC ranks #999999 out of 399 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Al Ain Ahlia Insurance Co PSC has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Al Ain Ahlia Insurance Co PSC's Beneish M-Score compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Al Ain Ahlia Insurance Co PSC ranks #999999 out of 399 companies for Beneish M-Score. This places Al Ain Ahlia Insurance Co PSC 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 an Insurance company?
A good Beneish M-Score depends on the Insurance 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 Al Ain Ahlia Insurance Co PSC and its competitors. Al Ain Ahlia Insurance Co PSC's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Ain Ahlia Insurance Co PSC stock overvalued right now?
Al Ain Ahlia Insurance Co PSC (ADX:ALAIN) has a current Beneish M-Score of 0.00. The stock's GF Value™ is د.إ61.74, compared to a current price of د.إ31.50 — trading 49% below its estimated fair value. The current Beneish M-Score is 0.00. Al Ain Ahlia Insurance Co PSC's overall GF Score™ is 67/100 with 5 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 Al Ain Ahlia Insurance Co PSC (ADX:ALAIN), the current Beneish M-Score is 0.00 as of Jun. 25, 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 Al Ain Ahlia Insurance Co PSC (ADX:ALAIN) Overvalued in 2026?

Based on GuruFocus' analysis, Al Ain Ahlia Insurance Co PSC stock appears to be undervalued. The current stock price of د.إ31.50 is trading 49% below its estimated GF Value™ of د.إ61.74.

Key valuation signals for ADX:ALAIN:

  • Beneish M-Score: 0.00
  • GF Value™: د.إ61.74 vs. price of د.إ31.50 (49% below fair value)
  • GF Score™: 67/100 with 5 warning signs

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

Al Ain Ahlia Insurance Co PSC Business Description

Address Airport Road, P.O. Box 3077, Al Ain Insurance Company Building, Behind Al Jazira Sports Club, Abu Dhabi, ARE
Al Ain Ahlia Insurance Co PSC is an Abu Dhabi-based insurance company providing a range of insurance products and services including motor, engineering, health, property, marine, energy, and aviation insurance as well as reinsurance solutions. The company operates its business in two segments: Underwriting of General Insurance Business and Investments, out of which the company derives majority of its revenue from the Underwriting of General Insurance business in the form of insurance contracts and commission income incorporating all classes of general insurance such as fire, marine, motor, medical, general accident and miscellaneous.
67GF Score

Get the complete analysis for ADX:ALAIN

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

د.إ31.50
Price
د.إ61.74
GF Value