Emirates Mobility Co PJSC (ADX:EMOBILITY) Beneish M-Score: -2.43 (As of Aug. 10, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

ADX:EMOBILITY Emirates Mobility Co PJSC ADX:EMOBILITY
77 GF Score
Price د.إ3.60
GF Value د.إ6.59
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Emirates Mobility Co PJSC Beneish M-Score?

Emirates Mobility Co PJSC ADX:EMOBILITY +2.86% 77 Beneish M-Score is -2.43 as of Aug. 10, 2026. GuruFocus rates ADX:EMOBILITY with a GF Score™ of 77/100 and a GF Value™ of د.إ6.59 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 240 Education companies, Emirates Mobility Co PJSC ranks worse than 65.42% 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 -2.43 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Emirates Mobility Co PJSC's Beneish M-Score or its related term are showing as below:

ADX:EMOBILITY' s Beneish M-Score Range Over the Past 10 Years
Min: -3.73   Med: -2.52   Max: -0.3
Current: -2.43

During the past 13 years, the highest Beneish M-Score of Emirates Mobility Co PJSC was -0.30. The lowest was -3.73. And the median was -2.52.


Emirates Mobility Co PJSC Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Emirates Mobility Co PJSC'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.

Emirates Mobility Co PJSC Beneish M-Score Chart

Emirates Mobility Co PJSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.61 -1.61 -0.74 -2.65 -2.43

Emirates Mobility Co PJSC Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 -2.65 -1.67 -1.91 -2.04 -2.43

ADX:EMOBILITY vs EDU, TAL, LAUR: Beneish M-Score Comparison

For the Education & Training Services subindustry, Emirates Mobility Co PJSC'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.


Emirates Mobility Co PJSC Beneish M-Score vs Education Industry

For the Education industry and Consumer Defensive sector, Emirates Mobility Co PJSC's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Emirates Mobility Co PJSC's Beneish M-Score falls into.


ADX:EMOBILITY
77GF Score
Emirates Mobility Co PJSC ADX:EMOBILITY
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emirates Mobility Co PJSC 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 Emirates Mobility Co PJSC 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 * 0.5255+0.528 * 1.0772+0.404 * 1.7165+0.892 * 1.5021+0.115 * 0.9071
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9788+4.679 * -0.023153-0.327 * 1.5409
=-2.43

* 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.إ21.9 Mil.
Revenue was 207.825 + 209.325 + 186.228 + 167.109 = د.إ770.5 Mil.
Gross Profit was 135.37 + 138.489 + 121.588 + 105.802 = د.إ501.2 Mil.
Total Current Assets was د.إ1,061.3 Mil.
Total Assets was د.إ2,089.5 Mil.
Property, Plant and Equipment(Net PPE) was د.إ425.2 Mil.
Depreciation, Depletion and Amortization(DDA) was د.إ44.9 Mil.
Selling, General, & Admin. Expense(SGA) was د.إ48.1 Mil.
Total Current Liabilities was د.إ290.6 Mil.
Long-Term Debt & Capital Lease Obligation was د.إ256.2 Mil.
Net Income was 69.813 + 109.285 + 87.22 + 66.647 = د.إ333.0 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = د.إ0.0 Mil.
Cash Flow from Operations was 120.173 + 89.302 + 108.337 + 63.532 = د.إ381.3 Mil.
Total Receivables was د.إ27.8 Mil.
Revenue was 175.436 + 161.69 + 85.66 + 90.143 = د.إ512.9 Mil.
Gross Profit was 110.803 + 109.241 + 68.147 + 71.264 = د.إ359.5 Mil.
Total Current Assets was د.إ1,017.8 Mil.
Total Assets was د.إ1,665.4 Mil.
Property, Plant and Equipment(Net PPE) was د.إ367.6 Mil.
Depreciation, Depletion and Amortization(DDA) was د.إ34.9 Mil.
Selling, General, & Admin. Expense(SGA) was د.إ32.7 Mil.
Total Current Liabilities was د.إ194.6 Mil.
Long-Term Debt & Capital Lease Obligation was د.إ88.3 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)
=(21.929 / 770.487) / (27.779 / 512.929)
=0.028461 / 0.054158
=0.5255

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)
=(359.455 / 512.929) / (501.249 / 770.487)
=0.700789 / 0.650561
=1.0772

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 - (1061.287 + 425.166) / 2089.512) / (1 - (1017.782 + 367.635) / 1665.442)
=0.288612 / 0.168139
=1.7165

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
=770.487 / 512.929
=1.5021

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))
=(34.855 / (34.855 + 367.635)) / (44.871 / (44.871 + 425.166))
=0.086598 / 0.095463
=0.9071

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)
=(48.121 / 770.487) / (32.73 / 512.929)
=0.062455 / 0.06381
=0.9788

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)
=((256.247 + 290.625) / 2089.512) / ((88.263 + 194.616) / 1665.442)
=0.261722 / 0.169852
=1.5409

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
=(332.965 - 0 - 381.344) / 2089.512
=-0.023153

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.

Emirates Mobility Co PJSC has a M-score of -2.43 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 -2.43 mean?
Emirates Mobility Co PJSC (ADX:EMOBILITY) has a Beneish M-Score of -2.43 as of Aug. 10, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Emirates Mobility Co PJSC and its competitors. According to the industry distribution chart, Emirates Mobility Co PJSC ranks #157 out of 240 companies in the Education industry, placing it in the top 65.4%.
Is Emirates Mobility Co PJSC's Beneish M-Score too high?
Emirates Mobility Co PJSC's current Beneish M-Score is -2.43. Based on the distribution chart, Emirates Mobility Co PJSC ranks #157 out of 240 companies in the Education industry, which is below the industry midpoint. Overall, Emirates Mobility Co PJSC has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Emirates Mobility Co PJSC's Beneish M-Score compare to EDU and TAL?
According to the Education industry distribution chart, Emirates Mobility Co PJSC ranks #157 out of 240 companies for Beneish M-Score. This places Emirates Mobility Co PJSC 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 Education company?
A good Beneish M-Score depends on the Education 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 Emirates Mobility Co PJSC and its competitors. Emirates Mobility Co PJSC's current Beneish M-Score is -2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emirates Mobility Co PJSC stock overvalued right now?
Based on GuruFocus' analysis, Emirates Mobility Co PJSC (ADX:EMOBILITY) is currently considered Possible Value Trap. The stock's GF Value™ is د.إ6.59, compared to a current price of د.إ3.60 — trading 45.4% below its estimated fair value. The current Beneish M-Score is -2.43. Emirates Mobility Co PJSC's overall GF Score™ is 77/100 with 7 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 Emirates Mobility Co PJSC (ADX:EMOBILITY), the current Beneish M-Score is -2.43 as of Aug. 10, 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 Emirates Mobility Co PJSC (ADX:EMOBILITY) Overvalued in 2026?

Based on GuruFocus' analysis, Emirates Mobility Co PJSC stock appears to be undervalued. The current stock price of د.إ3.60 is trading 45.4% below its estimated GF Value™ of د.إ6.59. GuruFocus considers Emirates Mobility Co PJSC to be Possible Value Trap.

Key valuation signals for ADX:EMOBILITY:

  • Beneish M-Score: -2.43
  • GF Value™: د.إ6.59 vs. price of د.إ3.60 (45.4% below fair value)
  • GF Score™: 77/100 with 7 warning signs

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


Emirates Mobility Co PJSC Business Description

Address Street No. 17, Mussaffah Industrial Area, Abu Dhabi, ARE
Emirates Mobility Co PJSC provides mobility solutions. It operates a mobility platform focused on the development and scaling of solutions across the mobility sector. The company develops and scales integrated solutions across the mobility ecosystem, combining operational excellence, disciplined capital deployment, and long-term value creation. Its operations are focused on mobility technologies, infrastructure, and related capabilities within the region. Its business activities include driver training, car rentals, car maintenance, EV charging solutions, etc.
77GF Score

Get the complete analysis for ADX:EMOBILITY

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

د.إ3.60
Price
د.إ6.59
GF Value