United Arab Bank PJSC (ADX:UAB) Beneish M-Score: -2.41 (As of Jul. 16, 2026)

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ADX:UAB United Arab Bank PJSC ADX:UAB
60 GF Score
Price د.إ1.34
GF Value د.إ1.25
Valuation Fairly Valued
! 6 Warning Signs
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What is United Arab Bank PJSC Beneish M-Score?

United Arab Bank PJSC ADX:UAB 60 Beneish M-Score is -2.41 as of Jul. 16, 2026. GuruFocus rates ADX:UAB with a GF Score™ of 60/100 and a GF Value™ of د.إ1.25 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,396 Banks companies, United Arab Bank PJSC ranks better than 52.08% 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.

Good Sign:

Beneish M-Score -2.41 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for United Arab Bank PJSC's Beneish M-Score or its related term are showing as below:

ADX:UAB' s Beneish M-Score Range Over the Past 10 Years
Min: -166.06   Med: -2.67   Max: -1.62
Current: -2.41

During the past 13 years, the highest Beneish M-Score of United Arab Bank PJSC was -1.62. The lowest was -166.06. And the median was -2.67.

ADX:UAB
60GF Score
United Arab Bank PJSC ADX:UAB
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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United Arab Bank 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 United Arab Bank 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 * 1+0.528 * 1+0.404 * 1.0005+0.892 * 1.3229+0.115 * 1.2258
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7796+4.679 * -0.055804-0.327 * 1.0716
=-2.41

* 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.إ0.0 Mil.
Revenue was د.إ801.4 Mil.
Gross Profit was د.إ801.4 Mil.
Total Current Assets was د.إ0.0 Mil.
Total Assets was د.إ27,000.0 Mil.
Property, Plant and Equipment(Net PPE) was د.إ254.7 Mil.
Depreciation, Depletion and Amortization(DDA) was د.إ21.1 Mil.
Selling, General, & Admin. Expense(SGA) was د.إ44.6 Mil.
Total Current Liabilities was د.إ0.0 Mil.
Long-Term Debt & Capital Lease Obligation was د.إ1,000.0 Mil.
Net Income was د.إ437.9 Mil.
Gross Profit was د.إ0.0 Mil.
Cash Flow from Operations was د.إ1,944.6 Mil.
 Total Receivables was د.إ0.0 Mil.
Revenue was د.إ605.8 Mil.
Gross Profit was د.إ605.8 Mil.
Total Current Assets was د.إ0.0 Mil.
Total Assets was د.إ21,461.5 Mil.
Property, Plant and Equipment(Net PPE) was د.إ212.7 Mil.
Depreciation, Depletion and Amortization(DDA) was د.إ22.1 Mil.
Selling, General, & Admin. Expense(SGA) was د.إ43.2 Mil.
Total Current Liabilities was د.إ0.0 Mil.
Long-Term Debt & Capital Lease Obligation was د.إ741.8 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)
=(0 / 801.443) / (0 / 605.803)
=0 / 0
=1

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)
=(605.803 / 605.803) / (801.443 / 801.443)
=1 / 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 + 254.695) / 26999.976) / (1 - (0 + 212.701) / 21461.48)
=0.990567 / 0.990089
=1.0005

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
=801.443 / 605.803
=1.3229

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))
=(22.061 / (22.061 + 212.701)) / (21.147 / (21.147 + 254.695))
=0.093972 / 0.076663
=1.2258

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)
=(44.596 / 801.443) / (43.242 / 605.803)
=0.055645 / 0.07138
=0.7796

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)
=((1000 + 0) / 26999.976) / ((741.78 + 0) / 21461.48)
=0.037037 / 0.034563
=1.0716

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
=(437.857 - 0 - 1944.558) / 26999.976
=-0.055804

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.

United Arab Bank PJSC has a M-score of -2.41 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 -2.41 mean?
United Arab Bank PJSC (ADX:UAB) has a Beneish M-Score of -2.41 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on United Arab Bank PJSC and its competitors. According to the industry distribution chart, United Arab Bank PJSC ranks #669 out of 1396 companies in the Banks industry, placing it in the top 47.9%.
Is United Arab Bank PJSC's Beneish M-Score too high?
United Arab Bank PJSC's current Beneish M-Score is -2.41. Based on the distribution chart, United Arab Bank PJSC ranks #669 out of 1396 companies in the Banks industry, which is above the industry midpoint. Overall, United Arab Bank PJSC has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does United Arab Bank PJSC's Beneish M-Score compare to competitors?
According to the Banks industry distribution chart, United Arab Bank PJSC ranks #669 out of 1396 companies for Beneish M-Score. This puts United Arab Bank PJSC in the upper 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 a Banks company?
A good Beneish M-Score depends on the Banks 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 United Arab Bank PJSC and its competitors. United Arab Bank PJSC's current Beneish M-Score is -2.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Arab Bank PJSC stock overvalued right now?
Based on GuruFocus' analysis, United Arab Bank PJSC (ADX:UAB) is currently considered Fairly Valued. The stock's GF Value™ is د.إ1.25, compared to a current price of د.إ1.34 — trading 7.2% above its estimated fair value. The current Beneish M-Score is -2.41. United Arab Bank PJSC's overall GF Score™ is 60/100 with 6 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 United Arab Bank PJSC (ADX:UAB), the current Beneish M-Score is -2.41 as of Jul. 16, 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 United Arab Bank PJSC (ADX:UAB) Overvalued in 2026?

Based on GuruFocus' analysis, United Arab Bank PJSC stock appears to be overvalued. The current stock price of د.إ1.34 is trading 7.2% above its estimated GF Value™ of د.إ1.25. GuruFocus considers United Arab Bank PJSC to be Fairly Valued.

Key valuation signals for ADX:UAB:

  • Beneish M-Score: -2.41
  • GF Value™: د.إ1.25 vs. price of د.إ1.34 (7.2% above fair value)
  • GF Score™: 60/100 with 6 warning signs

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

United Arab Bank PJSC Business Description

Address Al Majaz Street, P.O. Box 25022, Buhaira Corniche, Emirate of Sarjah, Sharjah, ARE
United Arab Bank PJSC provides financial services. The company is organized into three segments: Wholesale Banking, Retail Banking, and Treasury and capital markets. Wholesale banking handles loans and other credit facilities and deposits and current accounts for corporate and institutional customers. Retail banking handles individual customers' deposits and provides consumer-type loans, overdrafts, credit card facilities, and funds transfer facilities and Treasury and capital markets engaged in investments and interbank treasury operations including transactions for foreign exchange, derivatives, margin FX and hedging strategies Islamic banking services, and others.
60GF Score

Get the complete analysis for ADX:UAB

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

د.إ1.34
Price
د.إ1.25
GF Value