Bank of Jordan (AMM:BOJX) Beneish M-Score: 0.00 (As of Jul. 06, 2026)


AMM:BOJX Bank of Jordan AMM:BOJX
34 GF Score
Price JOD2.70
GF Value JOD1.63
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Bank of Jordan Beneish M-Score?

Bank of Jordan AMM:BOJX +0.37% 34 Beneish M-Score is 0.00 as of Jul. 06, 2026. GuruFocus rates AMM:BOJX with a GF Score™ of 34/100 and a GF Value™ of JOD1.63 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,398 Banks companies, Bank of Jordan ranks worse than 71530.69% 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 Bank of Jordan's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Bank of Jordan was -2.04. The lowest was -3.77. And the median was -2.57.

AMM:BOJX
34GF Score
Bank of Jordan AMM:BOJX
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Bank of Jordan 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 Bank of Jordan 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 JOD0.0 Mil.
Revenue was JOD128.9 Mil.
Gross Profit was JOD128.9 Mil.
Total Current Assets was JOD0.0 Mil.
Total Assets was JOD3,258.4 Mil.
Property, Plant and Equipment(Net PPE) was JOD67.1 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD12.7 Mil.
Selling, General, & Admin. Expense(SGA) was JOD0.0 Mil.
Total Current Liabilities was JOD0.0 Mil.
Long-Term Debt & Capital Lease Obligation was JOD0.0 Mil.
Net Income was JOD44.0 Mil.
Gross Profit was JOD0.0 Mil.
Cash Flow from Operations was JOD73.7 Mil.
 Total Receivables was JOD0.0 Mil.
Revenue was JOD134.6 Mil.
Gross Profit was JOD134.6 Mil.
Total Current Assets was JOD0.0 Mil.
Total Assets was JOD3,154.9 Mil.
Property, Plant and Equipment(Net PPE) was JOD61.0 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD11.4 Mil.
Selling, General, & Admin. Expense(SGA) was JOD14.6 Mil.
Total Current Liabilities was JOD0.0 Mil.
Long-Term Debt & Capital Lease Obligation was JOD0.0 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)
=(0 / 128.881) / (0 / 134.647)
=0 / 0
=

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)
=(134.647 / 134.647) / (128.881 / 128.881)
=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 + 67.132) / 3258.386) / (1 - (0 + 61.021) / 3154.928)
=0.979397 / 0.980659
=

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
=128.881 / 134.647
=

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))
=(11.444 / (11.444 + 61.021)) / (12.667 / (12.667 + 67.132))
=0.157925 / 0.158736
=

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)
=(0 / 128.881) / (14.62 / 134.647)
=0 / 0.10858
=

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) / 3258.386) / ((0 + 0) / 3154.928)
=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
=(44.006 - 0 - 73.738) / 3258.386
=-0.009125

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?
Bank of Jordan (AMM:BOJX) has a Beneish M-Score of 0.00 as of Jul. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bank of Jordan and its competitors. According to the industry distribution chart, Bank of Jordan ranks #999999 out of 1398 companies in the Banks industry.
Is Bank of Jordan's Beneish M-Score too high?
Bank of Jordan's current Beneish M-Score is 0.00. Based on the distribution chart, Bank of Jordan ranks #999999 out of 1398 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Bank of Jordan has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bank of Jordan's Beneish M-Score compare to competitors?
According to the Banks industry distribution chart, Bank of Jordan ranks #999999 out of 1398 companies for Beneish M-Score. This places Bank of Jordan 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 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 Bank of Jordan and its competitors. Bank of Jordan'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 Bank of Jordan stock overvalued right now?
Based on GuruFocus' analysis, Bank of Jordan (AMM:BOJX) is currently considered Significantly Overvalued. The stock's GF Value™ is JOD1.63, compared to a current price of JOD2.70 — trading 65.6% above its estimated fair value. The current Beneish M-Score is 0.00. Bank of Jordan's overall GF Score™ is 34/100 with 8 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 Bank of Jordan (AMM:BOJX), the current Beneish M-Score is 0.00 as of Jul. 06, 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 Bank of Jordan (AMM:BOJX) Overvalued in 2026?

Based on GuruFocus' analysis, Bank of Jordan stock appears to be overvalued. The current stock price of JOD2.70 is trading 65.6% above its estimated GF Value™ of JOD1.63. GuruFocus considers Bank of Jordan to be Significantly Overvalued.

Key valuation signals for AMM:BOJX:

  • Beneish M-Score: 0.00
  • GF Value™: JOD1.63 vs. price of JOD2.70 (65.6% above fair value)
  • GF Score™: 34/100 with 8 warning signs

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

Bank of Jordan Business Description

Address Ash Sharif Abd Al Hamid Sharaf Street, P.O. Box 2140, Building No. 15, Al-Shmeisani, Amman, JOR, 11181
Bank of Jordan is engaged in offering retail and commercial banking services to customers in Jordan. The company provides savings, deposits, loans and advances, cards, and other related services. Its products and services include current accounts, savings accounts, mortgage loans, time deposits, personal loans, car loans, and overdrafts. In addition, it also offers treasury services, commercial loans, guarantees, and credit, as well as commercial solutions, syndicated loans, and other credit solutions to small and medium-sized enterprises and corporate customers. The company operates in different segments such as Retail Banking (individual), Corporate Banking, Treasury, and Financial Brokerage Services. The majority of revenue is derived from the Retail Banking segment.
34GF Score

Get the complete analysis for AMM:BOJX

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

JOD2.70
Price
JOD1.63
GF Value