Arab Jordan Investment Bank (AMM:AJIB) Beneish M-Score: -3.32 (As of Jul. 04, 2026)


AMM:AJIB Arab Jordan Investment Bank AMM:AJIB
56 GF Score
Price JOD1.70
GF Value JOD1.71
Valuation Fairly Valued
! 2 Warning Signs
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What is Arab Jordan Investment Bank Beneish M-Score?

Arab Jordan Investment Bank AMM:AJIB 56 Beneish M-Score is -3.32 as of Jul. 04, 2026. GuruFocus rates AMM:AJIB with a GF Score™ of 56/100 and a GF Value™ of JOD1.71 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,397 Banks companies, Arab Jordan Investment Bank ranks better than 96.64% 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 -3.32 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

AMM:AJIB' s Beneish M-Score Range Over the Past 10 Years
Min: -3.32   Med: -2.4   Max: -1.31
Current: -3.32

During the past 13 years, the highest Beneish M-Score of Arab Jordan Investment Bank was -1.31. The lowest was -3.32. And the median was -2.40.

AMM:AJIB
56GF Score
Arab Jordan Investment Bank AMM:AJIB
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Arab Jordan Investment Bank 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 Arab Jordan Investment Bank 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 * 1.002+0.892 * 1.0874+0.115 * 1.0201
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.056546-0.327 * 3.0119
=-3.32

* 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 JOD0.00 Mil.
Revenue was JOD77.23 Mil.
Gross Profit was JOD77.23 Mil.
Total Current Assets was JOD0.00 Mil.
Total Assets was JOD2,761.59 Mil.
Property, Plant and Equipment(Net PPE) was JOD76.83 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD6.98 Mil.
Selling, General, & Admin. Expense(SGA) was JOD4.45 Mil.
Total Current Liabilities was JOD0.00 Mil.
Long-Term Debt & Capital Lease Obligation was JOD9.06 Mil.
Net Income was JOD16.18 Mil.
Gross Profit was JOD0.00 Mil.
Cash Flow from Operations was JOD172.34 Mil.
 Total Receivables was JOD0.00 Mil.
Revenue was JOD71.02 Mil.
Gross Profit was JOD71.02 Mil.
Total Current Assets was JOD0.00 Mil.
Total Assets was JOD2,635.15 Mil.
Property, Plant and Equipment(Net PPE) was JOD78.51 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD7.28 Mil.
Selling, General, & Admin. Expense(SGA) was JOD0.00 Mil.
Total Current Liabilities was JOD0.00 Mil.
Long-Term Debt & Capital Lease Obligation was JOD2.87 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 / 77.226) / (0 / 71.021)
=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)
=(71.021 / 71.021) / (77.226 / 77.226)
=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 + 76.833) / 2761.592) / (1 - (0 + 78.509) / 2635.154)
=0.972178 / 0.970207
=1.002

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
=77.226 / 71.021
=1.0874

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))
=(7.284 / (7.284 + 78.509)) / (6.975 / (6.975 + 76.833))
=0.084902 / 0.083226
=1.0201

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)
=(4.45 / 77.226) / (0 / 71.021)
=0.057623 / 0
=1

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)
=((9.059 + 0) / 2761.592) / ((2.87 + 0) / 2635.154)
=0.00328 / 0.001089
=3.0119

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
=(16.181 - 0 - 172.339) / 2761.592
=-0.056546

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.

Arab Jordan Investment Bank has a M-score of -3.32 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 -3.32 mean?
Arab Jordan Investment Bank (AMM:AJIB) has a Beneish M-Score of -3.32 as of Jul. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Arab Jordan Investment Bank and its competitors. According to the industry distribution chart, Arab Jordan Investment Bank ranks #47 out of 1397 companies in the Banks industry, placing it in the top 3.4%.
Is Arab Jordan Investment Bank's Beneish M-Score too high?
Arab Jordan Investment Bank's current Beneish M-Score is -3.32. Based on the distribution chart, Arab Jordan Investment Bank ranks #47 out of 1397 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Arab Jordan Investment Bank has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Arab Jordan Investment Bank's Beneish M-Score compare to competitors?
According to the Banks industry distribution chart, Arab Jordan Investment Bank ranks #47 out of 1397 companies for Beneish M-Score. This places Arab Jordan Investment Bank in the top 3% of its industry — outperforming the majority of peers. 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 Arab Jordan Investment Bank and its competitors. Arab Jordan Investment Bank's current Beneish M-Score is -3.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arab Jordan Investment Bank stock overvalued right now?
Based on GuruFocus' analysis, Arab Jordan Investment Bank (AMM:AJIB) is currently considered Fairly Valued. The stock's GF Value™ is JOD1.71, compared to a current price of JOD1.70 — trading 0.6% below its estimated fair value. The current Beneish M-Score is -3.32. Arab Jordan Investment Bank's overall GF Score™ is 56/100 with 2 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 Arab Jordan Investment Bank (AMM:AJIB), the current Beneish M-Score is -3.32 as of Jul. 04, 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 Arab Jordan Investment Bank (AMM:AJIB) Overvalued in 2026?

Based on GuruFocus' analysis, Arab Jordan Investment Bank stock appears to be undervalued. The current stock price of JOD1.70 is trading 0.6% below its estimated GF Value™ of JOD1.71. GuruFocus considers Arab Jordan Investment Bank to be Fairly Valued.

Key valuation signals for AMM:AJIB:

  • Beneish M-Score: -3.32
  • GF Value™: JOD1.71 vs. price of JOD1.70 (0.6% below fair value)
  • GF Score™: 56/100 with 2 warning signs

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

Arab Jordan Investment Bank Business Description

Address 200 Zahran Street, P.O. Box 8797, AJIB Tower, Amman, JOR, 11121
Arab Jordan Investment Bank PLC is engaged in commercial banking activities. The company offers integrated banking and investment services, including mergers and acquisitions of assets and activities in the stock market , as well as investment services in trading and research that relate to shares and markets, granting loans, and financing projects. In addition, the company also provides products and services for personal and residential loans, credit cards and other services. The company operating segments includes: Individual account, Institution and Corporate, Treasury, and Institutional Financing. Majority of revenue is from Treasury Segment. Company operates Domestically and Internationally.
56GF Score

Get the complete analysis for AMM:AJIB

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

JOD1.70
Price
JOD1.71
GF Value