Capital Bank of Jordan (AMM:CAPL) Beneish M-Score: -2.33 (As of Jun. 26, 2026)


AMM:CAPL Capital Bank of Jordan AMM:CAPL
68 GF Score
Price JOD2.80
GF Value JOD2.90
Valuation Fairly Valued
! 4 Warning Signs
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What is Capital Bank of Jordan Beneish M-Score?

Capital Bank of Jordan AMM:CAPL 68 Beneish M-Score is -2.33 as of Jun. 26, 2026. GuruFocus rates AMM:CAPL with a GF Score™ of 68/100 and a GF Value™ of JOD2.90 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,397 Banks companies, Capital Bank of Jordan ranks worse than 62.92% 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 -2.33 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

AMM:CAPL' s Beneish M-Score Range Over the Past 10 Years
Min: -2.87   Med: -2.44   Max: -1.99
Current: -2.33

During the past 13 years, the highest Beneish M-Score of Capital Bank of Jordan was -1.99. The lowest was -2.87. And the median was -2.44.

AMM:CAPL
68GF Score
Capital Bank of Jordan AMM:CAPL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Capital 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 Capital 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 * 1+0.528 * 1+0.404 * 0.999+0.892 * 1.134+0.115 * 0.9895
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.3763+4.679 * 0.032571-0.327 * 1.155
=-2.33

* 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 JOD460.0 Mil.
Gross Profit was JOD460.0 Mil.
Total Current Assets was JOD0.0 Mil.
Total Assets was JOD8,726.9 Mil.
Property, Plant and Equipment(Net PPE) was JOD140.0 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD35.6 Mil.
Selling, General, & Admin. Expense(SGA) was JOD27.5 Mil.
Total Current Liabilities was JOD0.0 Mil.
Long-Term Debt & Capital Lease Obligation was JOD402.8 Mil.
Net Income was JOD133.4 Mil.
Gross Profit was JOD0.0 Mil.
Cash Flow from Operations was JOD-150.9 Mil.
 Total Receivables was JOD0.0 Mil.
Revenue was JOD405.7 Mil.
Gross Profit was JOD405.7 Mil.
Total Current Assets was JOD0.0 Mil.
Total Assets was JOD8,238.4 Mil.
Property, Plant and Equipment(Net PPE) was JOD124.4 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD31.2 Mil.
Selling, General, & Admin. Expense(SGA) was JOD17.6 Mil.
Total Current Liabilities was JOD0.0 Mil.
Long-Term Debt & Capital Lease Obligation was JOD329.3 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)
=(0 / 460.015) / (0 / 405.657)
=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)
=(405.657 / 405.657) / (460.015 / 460.015)
=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 + 140.022) / 8726.944) / (1 - (0 + 124.356) / 8238.384)
=0.983955 / 0.984905
=0.999

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
=460.015 / 405.657
=1.134

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))
=(31.211 / (31.211 + 124.356)) / (35.61 / (35.61 + 140.022))
=0.200627 / 0.202753
=0.9895

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)
=(27.535 / 460.015) / (17.642 / 405.657)
=0.059857 / 0.04349
=1.3763

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)
=((402.83 + 0) / 8726.944) / ((329.258 + 0) / 8238.384)
=0.046159 / 0.039966
=1.155

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
=(133.385 - 0 - -150.856) / 8726.944
=0.032571

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.

Capital Bank of Jordan has a M-score of -2.33 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 -2.33 mean?
Capital Bank of Jordan (AMM:CAPL) has a Beneish M-Score of -2.33 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Capital Bank of Jordan and its competitors. According to the industry distribution chart, Capital Bank of Jordan ranks #879 out of 1397 companies in the Banks industry, placing it in the top 62.9%.
Is Capital Bank of Jordan's Beneish M-Score too high?
Capital Bank of Jordan's current Beneish M-Score is -2.33. Based on the distribution chart, Capital Bank of Jordan ranks #879 out of 1397 companies in the Banks industry, which is below the industry midpoint. Overall, Capital Bank of Jordan has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Capital Bank of Jordan's Beneish M-Score compare to competitors?
According to the Banks industry distribution chart, Capital Bank of Jordan ranks #879 out of 1397 companies for Beneish M-Score. This places Capital 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 Capital Bank of Jordan and its competitors. Capital Bank of Jordan's current Beneish M-Score is -2.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Bank of Jordan stock overvalued right now?
Based on GuruFocus' analysis, Capital Bank of Jordan (AMM:CAPL) is currently considered Fairly Valued. The stock's GF Value™ is JOD2.90, compared to a current price of JOD2.80 — trading 3.4% below its estimated fair value. The current Beneish M-Score is -2.33. Capital Bank of Jordan's overall GF Score™ is 68/100 with 4 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 Capital Bank of Jordan (AMM:CAPL), the current Beneish M-Score is -2.33 as of Jun. 26, 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 Capital Bank of Jordan (AMM:CAPL) Overvalued in 2026?

Based on GuruFocus' analysis, Capital Bank of Jordan stock appears to be undervalued. The current stock price of JOD2.80 is trading 3.4% below its estimated GF Value™ of JOD2.90. GuruFocus considers Capital Bank of Jordan to be Fairly Valued.

Key valuation signals for AMM:CAPL:

  • Beneish M-Score: -2.33
  • GF Value™: JOD2.90 vs. price of JOD2.80 (3.4% below fair value)
  • GF Score™: 68/100 with 4 warning signs

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

Capital Bank of Jordan Business Description

Address Abdali Boulevard, Suliman Al Nabulsi street, building No. 26, P.O. Box 941283, Amman, JOR, 11194
Capital Bank of Jordan operates as a financial institution providing a comprehensive set of commercial and investment banking services. The company's operating segment includes Retail banking; Corporate banking; Corporate finance; Treasury and Other. It generates maximum revenue from the Corporate Banking segment. The Corporate banking segment includes monitoring deposits, credit facilities, and other banking facilities provided to corporate customers. Its Treasury segment is principally providing money market, trading, and treasury services, as well as the management of the Bank's funding operations. Geographically, it derives a majority of its revenue from Jordan.
68GF Score

Get the complete analysis for AMM:CAPL

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

JOD2.80
Price
JOD2.90
GF Value